US stocks edge higher ahead of holiday, crude tumbles

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U.S. stocks resumed their uphill climb led by interest rate sensitive megacaps on Wednesday, while crude prices slid as investors digested economic data and the postponement of the OPEC+ meeting that was to take place this Sunday. All three major U.S. stock indexes were green ahead of the U.S. Thanksgiving holiday, with interest rate sensitive [&he

TCS Rs 17,000 crore share buyback to open on December 1

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The Rs 17,000 crore-share buyback programme of India’s top software services exporter Tata Consultancy Services (TCS) will open on December 1. The buyback, where investors can sell to the company their shares at an offer price of Rs 4,150 apiece, will close on December 7, TCS said in a regulatory filing on Tuesday. The information […]

OMC stocks slip on fuel price-cut reports

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Stocks of oil marketing companies (OMCs) lost some value on Monday because of media reports that prices of petrol and diesel may be cut to bring relief to customers. In the fortnight ended December 8, shares of Bharat Petroleum, Hindustan Petroleum and Indian Oil Corporation rallied 15-20% on the back of benign crude oil prices […]

Rupee to be guided by Fed and geopolitics

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By Gaurang Somaiya Rupee continued to trade in a narrow range for the last six weeks and volatility has been confined to the range of 82.80 and 83.50 despite uncertainty on the global front, broader strength in the dollar against its major crosses and heightened geopolitical tensions and FII funds outflow on the domestic front. […]

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