Trading strategies for coming week, Meiyappan in police custody, no exodus of Indians from Saudi & other top stories

THE ECONOMIC TIMES Sat, May 25, 2013 | 05:45 PM IST Daily Newsletter

IPL spot-fixing: Chennai Super Kings owner Gurunath Meiyappan in police custody The crime branch application said it wanted to find out the financial arrangement between Vindoo and Meiyappan, who is son-in-law of N Srinivisan. No exodus of Indians from Saudi Arabia: Officials The number of Indians who have come to Saudi Arabia in the past three months have risen significantly according to Saudi authorities.

Story of The Day Top trading strategies for the coming week On weekly chart, the Nifty has formed a bearish engulfing pattern. On the upside, the Nifty has immediate resistance at 6030 - 6055, followed by 6115 levels. read more

Popular Stories Five reasons why rupee is depreciating despite strong FII flows Taxable income of over Rs 5 lakh? Be ready to file I-T returns online Phaneesh Murthy scandal 2.0: Why & how iGate made an error in hiring the CEO Top B-school grads from IIMs, XLRI now keen to work with microfinance companies CSK boss Gurunath Meiyappan’s love for golf brought him close to BCCI chief’s daughter 10 ways to survive a stressful job

Market Watch 25 May | 05:45PM SENSEX 19704.33↑30.00 NIFTY 5983.55↑16.50 USD/INR 54.89↑0.11 GOLD (Rs/10g.) 26417.00↓-23.00

Latest Updates Markets may see some correction in short term: SMC In a nutshell, we may see some correction in the market in the short term. However, from long-term perspective our markets are looking quite strong. Top investment ideas from experts for volatile mkts According to analysts, markets are likely to remain volatile due to global macro concerns and it is best to focus on high quality business ideas. 'India's growth strategy holds lessons for developing nations' India's strong 8.2 per cent growth in the last decade can in part be attributed to the country's poverty-reduction reforms, the authors said. Chidambaram sees growth accelerating this fiscal "Next year, I expect it to grow another 1 per cent more than the current year. We should soon reach our potential growth rate of 8 per cent," he said. Cyber Command all set to be reality for Armed forces The Armed forces are in the process of finalising a proposal to set up a Cyber Command and it would soon become a reality. South Asians rely on informal money transfers:Study Nearly 800 million South Asians and Indonesians sent or received a payment or remittance last year with a majority of them doing so informally.

Gainers Losers 25 May, 2013, 05:45PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Sah Petroleums Ltd. 22.80 20.00 135221 22.80 21.00 TTK Healthcare Ltd. 633.60 20.00 152974 633.60 523.80 Kavveri Telecom Products Ltd. 46.35 19.92 204208 46.35 35.00 Next Mediaworks Ltd. 3.00 19.52 5005 3.00 2.25 Sandur Manganese & Iron Ores Ltd. 364.40 19.48 44319 366.00 308.95

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