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Market to stay range-bound ahead of Union Budget
MUMBAI: Markets will continue to remain subdued this week ahead of the Union Union Budget session that begins on Thursday. Analysts expect the markets to trade in a narrow, 150-200 point range this week with the December quarter results season having ended and factory output and inflation numbers already out the previous week. ''The lower target for the Nifty this week stands at 5740 while on the upper side the index could encounter resistance at 5970,'' said AK Prabhakar, senior vice-preside ...
Gold plunges to the lowest in six months but you still cannot buy
Gold is now the cheapest in six months. After steadily advancing almost the whole of last year, gold has suddenly halted in its tracks. At below $1,600 an ounce on Friday, prices are down almost 3% in February. The fifth straight monthly drop is gold's worst run since 1997. Gold peaked to $1,921 in September 2011. If you have been following gold's progress (and in India, who doesn't), this unexpected change raises two questions. One, since jittery investors seeking risk-free assets love gold, ...
Telecom Commission allows wireless broadband
EW DELHI: Telecom Commission has decided to allow wireless broadband airwave holders to provide voice services by paying a fee of Rs 1658 crore ($306 million), Telecom Secretary R. Chandrashekhar said on Monday. The decision may help Reliance Industries, which owns pan-India airwaves to provide broadband services, launch voice services. Two-and-a-half years after Reliance IndustriesBSE 0.33 % made a dramatic re-entry into telecom, it is yet to finalise a concrete plan of action to launch i ...
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