Commodity Outlook for Gold by KediaCommodity

GoldGold fell as equities and currency markets were stable, leaving little demand for gold as a rainy-day asset. Gold opened at 18430, as the dollar recuperated after being subdued the previous day. After substandard retail sales dampened investor sentiment, the metal retorted to a high of 18505 as the greenback lost its luster. The risk-taking was short-lived however, as the dollar recovered, sending gold a low of 18335, before it mustered a close of 18383.Now support for the gold MCX is seen at 18310 and below could see a test of 18238. Resistance is now likely to be seen at 18480, a move above could see prices testing 18578.

Trading Ideas:

Fashion forward for Bollywood with 'Aisha'

AishaNew Delhi, July 15 : Remember the Hollywood movies where you drool as much over the clothes and styling as over the plot? Now comes an Indian movie that promises to give glimpses of high street fashion in India and set a benchmark for Bollywood.

The film "Aisha" will see actress Sonam Kapoor embrace dresses that are soft and flowery, including a nude tulle flowery one with a bow and small pearls.

The woman behind this pretty wardrobe is Dubai-based designer Ayesha Depala.

Ruia Group may acquire European auto-component company

Ruia Group may acquire European auto-component companyKolkata, July 15 - The Ruia Group, known for its buying spree, could acquire a European auto component company soon, chairman Pawan Kumar Ruia said.

"We are trying to close a deal very soon in one of the auto component companies in Europe. In Europe, a lot of companies are up for sale. We are working on some projects," Ruia told IANS in an interview here.

Tumors may shrink if patients get bigger, nicer home

Tumors may shrink if patients get bigger, nicer homeU. S. researchers have found that having a bigger, nicer, more interesting home and more friends is linked to shrinking tumors in mice.

They enriched the study animals' usual housing, which involved living in groups of five or so, having all the food they wanted and playing all day, by increasing living groups to 15 or 20 and providing more space, toys, hiding places and running wheels, Matthew During and colleagues at Ohio State University in Columbus have said.

Vitamin B3 may prove to be effective in fighting fungal infections

Vitamin B3 may prove to be effective in fighting fungal infectionsVitamin B3 may be effective in fighting fungal infections, Canadian researchers have said.

Studies in mice indicate C. albicans enzyme, known as Hst3, essential to the growth and survival of the yeast infection Candida albicans, can be inhibited with nicotinamide, a form of vitamin B3, say researchers at the University of Montreal.

Parents’ advice about alcohol is listened more by students

Parents’ advice about alcohol is listened more by studentsResearchers have advised that U. S. teens tend to drink more alcohol the summer before college, but parents can help stave alcohol use by discussing drinking with them.

Mark Wood of the University of Rhode Island said in a statement, "The protective effects that parents exert in high school continue to be influential into college even at a time when the kids have left the home."

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News in Focus

Kalyan Jewellers Share Price Target at Rs 786: BOB Capital Markets

BOB Capital Markets has upgraded Kalyan Jewellers to BUY from HOLD with a target price of Rs 786, implying about 18% upside from Rs 664.

Tata Steel Share Price Could Reach Rs 230: ICICI Securities

ICICI Securities has retained its BUY call on Tata Steel with a revised sum-of-the-parts target of Rs 230, implying 24% upside from Rs 185 over 12 months.

Pricol Share Price Target at Rs 935: Axis Securities

Axis Securities has kept its BUY call on Pricol Ltd with an unchanged target price of Rs 935, about 28% above the Nov. 5 closing price of Rs 728.

Mahindra & Mahindra Share Price Target at Rs 4,387: BOB Capital Markets

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ICICI Securities has maintained its BUY rating on Swiggy but cut its target price to Rs 400 from Rs 520, still implying about 90% upside from the Rs 211 market price.

Stylam Industries Share Price Target at Rs 3,750: ICICI Direct

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