Opinion | Central banks embark on a gold rush, should you?

Between 2010-19 total gold purchased by central banks was 3,560.28 tonnes. During the past decade many central banks have shored up their gold reserves. This is in contrast to the previous decade when many central banks were cutting back on gold. So is something happening? Central banks' love for the yellow metal has in turn made gold speculators in Dubai quite bullish. *Disclaimer: The objective of this column is not to recommend...

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Britannia Industries to report Q4 earnings on May 1; likely to report higher profit

Narnolia Financial Advisors is expecting Britannia Industries to report 16 percent jump in its Q4 net profit at Rs 307 crore. Britannia Industries will be announcing March quarter (Q4FY19) earnings on May 1. Kotak Institutional Equities Research is expecting the company to report a 20 percent jump in its fourth quarter adjusted net profit at Rs 316 crore, while net sales are likely to go up by 10 percent to Rs 2,801 crore. The broking...

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Closing Bell By CapitalStars 30/Apr/2019

DAILY NIFTY SMART MOVERS  SCRIPTS PRICE PRE. CLOSE CHANGE (%) CHANGE (Rs.) VOLUME JSW Steel 307.90 293.85 4.78 14.05 725.68 HCL Tech. 1183.35 1137.80 4.00 45.55 511.92 Crompt.Greaves Cons. 237.05 228.90 3.56 8.15 19.27 Zee Entertainment 432.25 418.00 3.41 14.25 508.92 Indian Oil Corp. 157.80 152.90 3.20 4.90 612.51 DAILY NIFTY TOP LAGGARDS SCRIPTS PRICE PRE. CLOSE CHANGE (%) CHANGE (Rs.) VOLUME Yes Bank 168.00...

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CORPORATE NEWS By CapitalStars 30/Apr/2019

ADAG stocks trade lower; Reliance Power slumps 19% Stocks of the Anil Dhirubhai Ambani Group (ADAG) declined in the afternoon trade on the BSE on Tuesday after rating agencies downgraded ratings for Reliance Capital (RCap) and its subsidiaries with negative implications. The rating revision takes into account the delays in servicing of bank facilities by the company. The liquidity profile of the group continues to be under stress on account...

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Market Live By CapitalStars 30/Apr/2019

Nifty likely to open flat. The Nifty50 is expected to open flat on Tuesday following muted trend seen in other Asian markets. The index closed 112 points higher at 11,754 on Friday. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 27.5 points or 0.23 percent. Nifty futures were trading around 10,842 - level on the Singaporean Exchange. The S&P 500 set an intraday record high on Monday, bolstering...

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Opening Bell By CapitalStars 30/Apr/2019

CS NIFTY FUTURES (MAY) OVERVIEW TREND BULLISH RES 2: 12000 RES 1: 11910 SUP 1: 11784 SUP 2: 11671 CS BANK NIFTY FUTURES (MAY) OVERVIEW TREND BULLISH  RES 2: 30836 RES 1: 30512 SUP 1: 29927 SUP 2: 29752 Financial Advisory Company in Indore, Stock Advisory Company in Indore, Equity Tips, FreeTrading Tips ,  MCX Tips, sebi registered advisory company, Intraday stock tips, Free commodity...

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Pharma sector to excel; volume and value growth create win-win situation for cement cos

In FY20, key watchable points for the cement sector would be crude oil prices, pet coke prices and demand growth in Q2FY20 Healthy volume and value growth during the last year proved to be a win-win situation for the cement sector. Volume growth was around 12 percent, above expectations led by a sharp increase in infra, housing and affordable housing spend. In FY20, we expect it to further grow 5-6 percent, which is quite decent...

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Vistara to add six Boeing 737 aircraft from Jet Airways

The Boeing aircraft will mark a change as Vistara till now had only Airbus planes Vistara is set to add six Boeing 737 aircraft, which earlier belonged to Jet Airways, to its fleet, making its first move to fill the space vacated by the distressed airline. This is apart from a recruitment drive for cabin crew that Vistara is holding this week, which will attract applications from Jet Airways' employees who haven't received their...

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About 200 US companies seeking to move manufacturing base from China to India: USISPF

The US-India Strategic and Partnership Forum's (USISPF) President Mukesh Aghi said that the companies are talking to them about how to set up an alternative to China by investing in India. About 200 American companies are seeking to move their manufacturing base from China to India post the general elections, a top US-based advocacy group has said, observing that there is a fantastic opportunity with firms looking at alternatives to the...

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