Tag Archives: dips

Buy State Bank of India on dips: Gaurang Shah

Gaurang Shah of Geojit Financial Services told CNBC-TV18, “We do remain positive on State Bank of India (SBI). One should start buying and possibly on gradual dips you could definitely go on adding to it. Policies by the government are looking positive and possibly you will see huge resolution in terms of the GNPL issues which are on the balance sheet ... Read More »

Bank of America Reports Earnings Drop in Q1, Stock Dips

Bank of America has announced its first-quarter results and the outcome is not very positive. The multinational banking corporation has reported a 13 percent decline in first-quarter profit. On a positive note though loan growth and expense cuts have prompted investors to be hopeful about the future. “It wasn’t a great quarter, but it was a normal quarter,” Nancy Bush, ... Read More »

Oil dips on dollar, rig count rise; focus still on OPEC

Oil prices fell slightly on Friday as traders balanced a stronger dollar and another increase in the U.S. oil rig count against expectations that more OPEC talk of output cuts will keep crude above $50 per barrel. The dollar .DXY posted its best weekly performance in more than seven months against a basket of currencies, weighing on prices of greenback-denominated ... Read More »

Indian money in Swiss banks dips 33% to Rs 8,392 cr

Money held by Indians in Swiss banks has fallen by nearly one-third to a record low of 1.2 billion franc (about Rs 8,392 crore) amid a continuing global clampdown on the famed secrecy wall of Switzerland’s banking system. The funds held by Indians with banks in Switzerland fell byCHF 596.42 million to CHF 1,217.6 million at the end of 2015, ... Read More »

Oil dips on Canada output prospects, record U.S. stocks

Crude prices fell on Wednesday as oil sands production in Canada restarted after forced closures due to wildfires, and as already record-high inventories especially in the United States grew. International Brent crude oil futures LCOc1 were down 28 cents at $45.24 per barrel at 0909 GMT. U.S. West Texas Intermediate (WTI) futures CLc1 were down 44 cents at $44.22 a ... Read More »

Dollar dips from two-week high, stocks in the red

The dollar fell on Wednesday, succumbing to a bout of profit-taking after hitting a two-week high the previous day, while European stocks also put a positive start to the week behind them to trade in the red. Weak corporate earnings weighed on stocks, as Germany’s DAX .GDAXI snapped a four-day winning streak and the broader FTSEuroFirst 300 index of leading ... Read More »

Wall Street dips as oil falls, China data disappoints

Wall Street was lower on Tuesday as oil prices slipped and weak Chinese data rekindled fears of a global economic slowdown led by the world’s second-biggest economy. China’s February trade performance was far worse than economists had expected, with exports tumbling the most in over six years. The report weighed on markets worldwide. U.S. crude fell nearly 3 percent, while ... Read More »