Gold prices faced resistance at psychological level of $900/Oz. Gold prices fell relinquishing early gains as global share prices arrested theirdecline and overshadowed credit jitters that had previously heightened bullion's appeal.
The world's largest gold-backed exchange-traded fund, the SPDR Gold Trust, said holdings remained unchanged at 1,105.98 tonnes as of April 21 after investor outflows early this week reached their biggest since early September.
Holdings hit a record 1,127.68 tonnes on April 9. Recovery in physical buying by India, the world's largest importer, with MMTC Ltd saying it would import
Revenue increased by 23 % YoY for fourth quarter and 19% for the year driven by improved sales numbers cloaking 37.22 lakh vehicles for the year a growth of 12% over previous year which was more than double the overall industry growth.
Operating profit increased by 33% for the quarter YoY & 26% for the year driven by decrease in the input costs mainly driven by a huge fall in the steel prices in the fourth quarter.
Other income decreased by 20% for the quarter & was down by 2% on the full year basis.
Nirmal Bang, one of the leading equity research-cum-broking house, is of the view that investors can buy Television Eighteen with a target price of Rs 115-130.
According to experts at Nirmal Bang, interested traders can buy the stock on dips with a stop loss of Rs 81.
Nirmal Bang Research is bullish on Bombay Dyeing & Mfg Company Ltd and maintained ‘Buy’ rating on the stock to achieve a target between Rs 225-240 within 1-5 days.
Traders can buy the stock on dips with a stop loss of Rs 178.
Shares of the company, on Tuesday (April 21), closed at Rs 193.60 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1065 and a low of Rs 110 on BSE.
The structure looks very positive, so buy the stock and hold, if it maintains above Rs 199, a big move is expected.
The benchmark indices closed with modest loss and were trading volatile allthrough the session. The Sensex closed 81 points lower at 10,898 after hitting an intraday high of 11,068 and low of 10,764.
The Nifty was down 12 points to end the day at 3,365. It hit an intra-day high of 3,414 and low of 3,309.
Among the broader indices, BSE Midcap Index slipped 5 points, whereas Smallcap Index closed after gaining 17 points.
Crude futures in U. S. steadied below $46 a barrel, after falling nearly 9 percent a day earlier as worries about the U. S. banking sector hit equity markets. The U. S. dollar rallied on safe-haven bids.
New York Mercantile Exchange natural gas futures ended down sharply on Monday, as a steep slide in crude, milder weather forecasts and growing supplies pressured the complex despite a rebound in physical prices.
Gold prices faced resistance at psychological level of $900/Oz. Gold prices fell relinquishing early gains as global share prices arrested theirdecline and overshadowed credit jitters that had previously heightened bullion's appeal.
Revenue increased by 23 % YoY for fourth quarter and 19% for the year driven by improved sales numbers cloaking 37.22 lakh vehicles for the year a growth of 12% over previous year which was more than double the overall industry growth.
Nirmal Bang, one of the leading equity research-cum-broking house, is of the view that investors can buy Television Eighteen with a target price of Rs 115-130.
Nirmal Bang Research is bullish on Bombay Dyeing & Mfg Company Ltd and maintained ‘Buy’ rating on the stock to achieve a target between Rs 225-240 within 1-5 days.
The benchmark indices closed with modest loss and were trading volatile allthrough the session. The Sensex closed 81 points lower at 10,898 after hitting an intraday high of 11,068 and low of 10,764. 
Crude futures in U. S. steadied below $46 a barrel, after falling nearly 9 percent a day earlier as worries about the U. S. banking sector hit equity markets. The U. S. dollar rallied on safe-haven bids.
