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As On 20-Apr-2018
SENSEX
34,415.58
-11.71 (-0.03%)
NIFTY
10,564.05
-1.25 (-0.01%)
EQUITY
    No Companies Visited

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  • Commodities Buzz: Gold Demand In Saudi Arabia And UAE Set To Moderate On New Taxes

    The new value-added tax (VAT) set to be introduced in Saudi Arabia and the United Arab Emirates in 2018 will negatively impact gold demand, according to the World Gold Council (WGC). Demand is likely to falter once the new tax is in place, the WGC said in a latest update. The VAT will amount to 5% and will be imposed starting in January on all non-essential luxury goods, including gold jewelry. The WGC also noted that the gold market might see a significant boost in demand at the end of this year, as consumers rush to buy gold jewelry before the tax is introduced. In Q3, gold jewelry demand in Saudi Arabia was weak, falling 9% to 9.8 tonnes, largely dragged down by higher prices, the WGC said in its latest ‘Gold Demand Trends' report. The U.A.E. also saw a decline of10% to 7 tonnes, the report added. Overall demand in the Middle East slipped 4% to 40.9 tonnes — the lowest level in three years.

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Flash News 20-Apr-2018
  •  ( 15:51) Market settles with small decline  
  •  ( 15:45) IT stocks rally   
  •  ( 12:31) JB Chemicals receives closure order for Daman plant  
  •  ( 12:02) Rupee hits over 1-year low against US dollar  
  •  ( 11:27) Yes Bank gets RBI nod to open 2 global representative office  
  •  ( 10:22) CCI imposes penalty on Eveready Industries  
  •  ( 10:17) Kakatiya Cement resumes cement plant operations  
  •  ( 09:51) Lasa Supergenerics Mahad unit gets WHO-GMP   
  •  ( 09:29) TCS Q4 consol PAT up 5.81% at Rs 6925 cr QoQ  
  •  ( 08:22) Asian markets sink, with chip makers leading declines  
  •  ( 07:55) US stocks end with losses as tech and consumer staples skid  
Show News
20 April 2018 00:00
381.25
(-1.35 %)
1159.10
(-0.66 %)
505.85
(-1.49 %)
2853.60
(-0.05 %)
400.75
(1.47 %)
292.05
(3.25 %)
2120.50
(-0.46 %)
1831.65
(-1.76 %)
1960.95
(0.98 %)
3744.80
(0.42 %)
1465.50
(0.77 %)
281.95
(-2.49 %)
1814.00
(-1.10 %)
1178.25
(4.02 %)
275.95
(-0.38 %)
1154.45
(-0.06 %)
1363.70
(-1.49 %)
800.55
(-0.32 %)
9037.20
(-0.43 %)
174.25
(-1.80 %)
182.35
(-0.44 %)
207.30
(-0.43 %)
928.05
(-1.40 %)
241.40
(-1.97 %)
505.40
(-0.67 %)
336.25
(0.42 %)
190.95
(-0.26 %)
606.35
(-2.29 %)
3406.40
(6.76 %)
298.35
(2.31 %)
308.45
(-3.00 %)
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