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TOP CORPORATE NEWS – 16 OCT 2017

Colgate dropped 3% post Q2 FY18 numbers Shares of the FMCG maker, Colgate stock fell over 3% after the company announces its Q2 FY18 numbers. The revenue for the quarter came in at Rs. 1084.9 Cr, registering 9.8% yoy decline. This was due to changes in the treatment of indirect taxes post-GST implementation. The board

MCX COMMODITY MARKET NEWS & LEVELS – 16 OCT 2017

Gold Prices Gain In Asia On Middle East Tensions, Iraq In focus. Gold prices edged up in Asia on Monday with tension in the Middle East supporting risk demand as Baghdad moved troops into the oil-rich Kirkuk region where the Kurdish Regional Government has a stronghold and has mulled a push for independence opposed by

INDIAN EQUITY MARKET OUTLOOK – 16 OCT 2017

Mkts seen opening higher; SGX Nifty up 32 pts; Indian Indices: Indian benchmark indices are likely to start holiday-shortened week on positive note on Monday, tracking firm cues from Nifty futures on the Singapore Stock Exchange and bullish trend across global peers. SGX Nifty is trading up 32 points. Driven by strong IIP numbers and

Stocks to look out for today: 16 OCT 2017

Nifty extended its rally for the second day in a row and touched new all time high level on Friday. However, the up-move was arrested near the trend line plotted from previous crucial swing highs. Moreover, unlike the Nifty, peers such as the Sensex, Mid-Cap and Small-Cap indices couldn’t imitate the move of Nifty i.e.

Stocks to look out for Monday: 14 OCT 2017

Stocks to look out for Monday: Godrej Agrovet: Godrej Agrovet will make its debut on the bourses on Monday after successfully concluding the initial public offer (IPO) last week. The stock will be in focus on Monday. GNA Axles Limited: Today after the market hours, GNA Axles Limited submitted to the exchange its unaudited financial

US markets end in green, treasury yields slip on US inflation data

The Dow Jones Industrial Average rose 44.28 points, or 0.19 percent, to 22,885.29, the S&P 500 gained 4.63 points, or 0.18 percent, to 2,555.56 and the Nasdaq Composite added 19.10 points, or 0.29 percent, to 6,610.61. European shares rose to their highest in nearly four months, helped by corporate earnings updates. The pan-European FTSEurofirst 300

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