Gold Prices decline by Rs 70 to Rs 28,030

Gold Prices decline by Rs 70 to Rs 28,030

For the ninth day, gold prices have declined by Rs 70 in the national capital today. The current price of 10 gram gold is Rs 28,030. On the other hand, silver has held stable at 42,600 per kilogram on scattered enquiries from industrial units.

According to traders, a weakening global trend has caused sustained selling by stockists where gold has fallen towards a two-month low as investors assess whether the economy of the United States is strong enough for the Federal Reserve to lift the rates, reserved pressure on the prices of gold.

Indian Stocks Trade Strong on Tuesday

Indian Stocks Trade Strong on Tuesday

Indian Stocks remained strong for the trading session on Tuesday. Major gainers in today's session were Mahindra & Mahindra, ONGC, Bajaj Auto and Hindalco.

Cement counters led by UltraTechCement, ACC, Ambuja Cements and Grasim were trading higher. Among major losers were BPCL, HCL Tech, NMDC and Hero Motocorp.

Crompton Greaves declined 4.5 percent in today's session as the company announced quarterly results. The 6.5 percent growth in year-on-year net profit was below street expectations.

Bharti Airtel Now Serving Over 300 Million Consumers

Bharti Airtel Now Serving Over 300 Million Consumers

The largest telecom operator in India, Bharti Airtel, has crossed 300 million customers landmark for all services including fixed line, mobile, DTH and DSL in the country. Bharti Airtel also operates in some select markets in Africa.

After humble start in 1995, Bharti Airtel reached 100 million consumers mark in 2009. The next 100 million came pretty quick in 2012. Bharti has become the fourth largest telecom services companies in the world in terms of consumer base.

Bank of Baroda Posts 17 Percent Increase in Net Profit

Bank of Baroda Posts 17 Percent Increase in Net Profit

Public sector major Bank of Baroda has surprised the markets with 17 percent increase in quarterly net profit. The bank registered net profit of Rs1,362 crore during the first quarter compared to Rs 1,167 crore during the same period last year.

Bank of Baroda stock was up by more than a percent. The net interest income grew by 15 percent at Rs 3,328 crore. The non-interest income of the bank declined by 17 percent to Rs 1,024 crore during the first quarter.

Indian Equities Trade Marginally Higher

Indian Equities Trade Marginally Higher

Indian markets drifted lower in the afternoon session. The markets opened positive on Tuesday with support from energy and FMCG stocks. The market breadth was positive in the afternoon with 1250 advances and nearly 1200 declines.

BSE Sensex was up by just 50 points at 2.30 pm and NSE Nifty was in the green at 6706. Among major gainers in today's trade were ITC, Reliance, ONGC, Tata Steel and ICICI Bank. Among losers were Tata Power, Power Grid, Ambuja Cements and Hindalco.

Infosys reports better-than-expected Q4 results

Infosys reports better-than-expected Q4 results

Software services exporter Infosys on Monday reported better-than-expected rise in margins and profit for the quarter ended March 31, 2014.

The second largest software services exporter of India announced that its net profit of Rs 2,992 crore for the January to March quarter of FY2014, up 25 per cent from the corresponding quarter of the previous year. Quarter-on-quarter growth in net profit stood at 4 per cent.

Analysts had projected a net profit of Rs 2,835 crore for the company's fourth fiscal quarter.

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