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August 2014

Stocks rise, bond yields steady as ECB seen on hold

August 30, 2014 by sknlakshmi

Global equity markets rose on Friday, posting their best month since February on strong U.S. data, while German bond yields edged up from record lows as expectations that the European Central Bank would ease monetary policy next week faded.

The U.S. benchmark S&P 500 index set a new closing high, ending the day above the 2,000 milestone for the third time. The S&P's gain for August was its best monthly performance since February.

S&P 500 edges up to set new record; best month since Feb

August 30, 2014 by sknlakshmi

U.S. stocks closed out a strong month on a quiet note on Friday, with the S&P 500 posting a modest gain to close at a new record as the latest positive data helped extend a rally that had been briefly threatened by overseas concerns.

Exclusive: Reliance plans $13 billion projects including new refinery

August 30, 2014 by sknlakshmi

Reliance Industries Ltd(RELI.NS) plans to invest about $13 billion in energy projects, including a 400,000 barrels per day (bpd) crude refinery at its Jamnagar complex, documents seen by Reuters show.

The refinery would process cheap, heavy crudes that are increasingly available to Asia as the shale boom has cut U.S. demand for the grades.

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April-July fiscal deficit at $53.7 billion

August 30, 2014 by sknlakshmi

India's fiscal deficit in the first four months of the 2014/15 financial year was 3.25 trillion rupees ($53.7 billion), or 61.2 percent of the full-year target, government data showed on Friday.

The deficit was 62.8 percent during the comparable period in the previous fiscal year.

Net tax receipts were at 1.47 trillion rupees in the first four months of the current fiscal year to March 2015, while total expenditure was about 5.04 trillion rupees.

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Equity market - weekly market update

August 30, 2014 by sknlakshmi

Market review – week ended 29 August 2014

Sensex gains on all the 4 trading sessions in truncated trading week.  Positive global cues, lower crude oil prices and continued inflow of foreign funds into the Indian equities pushed market to record high in the truncated trading week.  Sensex gained 0.82% to settle at 26,638.11 and Nifty rose 0.52% to 7,954.35 for the week ended 28 August 2014

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