India Business

Energy Market Outlook and Sector Updates: Nirmal Bang

oilOil prices fell for the second straight trading session by nearly 3% to $50.14 per barrel on concerns that the swine influenza may affect the travel and hospitality industry resulting in a further delay in the recovery from the global recession. Investors feared a new blow to an already fragile global economy if trade flows are curbed and manufacturing is hit.

Base Metals Trading Tips and Commodity Market Update: Nirmal Bang

nickelBase metals witnessed range bound trading session and ended the day with negative bias, Copper and zinc shed more than 4% discounting the flu to snow ball into a pandemic and derail the global economy's nascent recovery.

Nickel fell by 5.4% on account of heavy selling by traders and speculators in tandem with a weakening global trend. Reduced off take by consuming industries, such as stainless makers also weighed on nickel prices.

Bullion Update, Precious Metals Trading and Market Outlook: Nirmal Bang

GoldGold rose to a 3 week high of $918.25 on Monday due to rise in risk aversion amidst fears of swine flu in North America. In the Indian markets, gold rose by Rs 140 to regain the 15,000 mark fast tracked by heavy buying by the retail investors on 'Akshay Tritiya'.

The world's largest gold-backed exchangetraded fund, the SPDR Gold Trust, said its holdings remained at 1,104.45 tonnes as of April 28, unchanged from the previous day. Its holdings hit a record 1,127.68 tonnes on April 9, and remained at that level for a week.

Areva T&D Q4 net profit dips 5%

Areva Areva T&D India Ltd, the Indian subsidiary of AREVA France SA has posted a net profit af

Kent RO Systems to enter low cost purifier segment, by next month

Kent RO Systems to enter low cost purifier segment, by next monthWater purifier manufacturer Kent RO Systems is all set to enter the estimated Rs 300 crore low-cost mass market water purifier segment.

According to latest reports it has revealed that, the company is set to launch a low cost purifier in the gravity storage water purifier segment next month.

The water purifier would be based on ultra filtration technology in which water filters through UF hollow membrane without using any chemical such as chlorine or bromine.

Sensex continues its lead, closes at 11,371

Sensex continues its lead, closes at 11,371 The BSE-benchmark-Sensex gained for the third day in a row after an extremely volatile session as investors took calculative steps ahead of F&O expiry on 29th April 2009.

In the morning, the domestic market opened on negative note tracking weak cues from the Asian markets. But during mid-session, the market gathered decent momentum to touch day's high on significant buying across the board.

However, despite sharp come back, market was not able to hold the same impulse and slipped again, on profit booking.

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