Commodity Outlook for Gold by KediaCommodity

GoldGold ended lower after fluctuating in a tight range as a recovery in the euro encouraged investors to consider more risky options. However, persisting euro-zone economic uncertainties helped prevent a steeper decline in the safe-haven metal's prices. Now technically market is trading in the range as RSI for 18days is currently indicating 66.06, where as 50DMA is at 17276 and gold is trading above the same and getting support at 18320 and below could see a test of 18253 level, And resistance is now likely to be seen at 18496, a move above could see prices testing 18605.

Gold trading range is 18253-18605.

Bata India PBT Surges 40% In 2009; Announces Dividend

Bata India PBT Surges 40% In 2009; Announces DividendBata India Limited (BIL) has posted around 40% increase in Profit Before Tax (PBT) during the last fiscal.

The country's leading footwear recorded nearly 11 per cent surged in its turnover during the same period.

While declaring the company's last year financial results and that of the last quarter's (ending on December 31) during the 77th Annual General Meeting, BIL Managing Director and Chief Executive Officer (CEO) Marcelo Vilagran stated that the directors also declared a 30% for the company's stockholders for the year under review.

A R Rahman Gets Invitation From Australia!

A R Rahman Gets Invitation From Australia!Now-a-days, A R Rahman, the Mozart of Madras, is in high demand.

Rahman, who enables Indian music to move onto the world stage, is presently busy working on his tour 'Jai Ho! The Journey Home World Tour'.

The musical genius of India has now got a call from Peter Varghese, who is the Australian High Commissioner to India, to come and work in Australia. The main intention behind this is to boost the relationship between the two nations by having famous Australian directors work with Rahman.

Sensex Up 189.40 In Early Trade On Global Cues

Sensex Up 189.40 In Early Trade On Global CuesIndian equities continued to gain in early trade for the third consecutive session today.

The 30-share index Sensex belled the day at 16,692.66 after making a gain of 26.26 points, where the broad based NSE Nifty started the day on flat note at 5,003.10.

At 9.08 am, the Sensex gained 189.40 points to trade at 16,855.80 with 38 components advancing.

In the meantime, the Nifty stood at 5,058.40, up 55.30 points, with 68 components progressing.

Congressional Ethics board send findings of PMA lobbying case to U.S. Justice Department

Congressional Ethics board send findings of PMA lobbying case to U.S. Justice DepartmentIts board voted unanimously to send its findings in the PMA lobbying firm case to the U. S. Justice Department, The Office of Congressional Ethics said on Thursday.

Alaska Highway has partly reopened after the wildfire caused closure

Alaska Highway has partly reopened after the wildfire caused closureOfficials have said that the Alaska Highway has partly reopened following a wildfire that quickly flared and caused evacuations and the closure of 26 miles of highway.

The Anchorage Daily News reported on Thursday that Alaska State Troopers are escorting drivers whenever possible through the highway near Tok.

Drivers should expect a 1-hour delay, the state Department of Transportation has said.

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