Local Markets

Ventura Comm says Rs 26,940/10gm good level to enter gold   

11 May 2013, 3.23 pm  |  Source: CNBC-TV18

NS Ramaswamy, head commodities, Ventura Commodities says he expects the range in gold prices to be between USD 1410 and USD 1485. given the fact that ...

Oil inventories at 82-yr high; $108/bbl upside cap: Expert   

11 May 2013, 2.08 pm  |  Source: CNBC-TV18

The stimulus is not translating into demand for crude or we are just producing too much of it in lieu of some unforeseen concern that we might have in...

Nifty ends above 6100; autos, FMCG, banking stocks rally   

11 May 2013, 1.25 pm  |  Source: Moneycontrol.com

The market continued its aggressive buying in the two-hour special trading session. This was a spectacular week for the market as investors’ hunger ...

MMTC aims Rs 30-cr gold, silver sales for Akshaya Tritiya  

11 May 2013, 1.08 pm  |  Source: PTI

MMTC Ltd expects its gold jewellery and silver sales to double to Rs 30 crore during the Akshaya Tritiya festival. ...

Rupee may gain 52-level Vs dollar in a year  

11 May 2013, 12.19 pm  |  Source: PTI

The pressure on rupee is lessening and the local currency could appreciate to about 52 levels to the dollar in the next 12 months, a report by Goldman...

Yen hits 4-1/2-year low vs dollar, oil and gold tumble  

11 May 2013, 11.38 am  |  Source: Reuters

The yen slid to a 4-1/2-year low against the dollar on Friday, triggering a sell-off in oil and gold as well as safe-haven U.S. and German debt, after...

US sends Japan currency warning as G7 meets  

11 May 2013, 11.34 am  |  Source: Reuters

The United States told Japan it would be watching for any sign it was manipulating its currency lower but Tokyo said it met no resistance to its polic...

Sensex up 35; Dr Reddy's Sun Pharma, BPCL top gainers  

11 May 2013, 11.33 am  |  Source: Moneycontrol.com

BSE Sensex was trading firm in a special live trading session held by the bourses on Saturday. Oil marketing companies like HPCL, BPCL and IOC were in...

All set to buy gold today? Not a good idea, say experts  

11 May 2013, 9.42 am  |  Source: Moneycontrol.com

For most of us Akshaya Tritiya would be an ideal occasion to buy gold, but experts predict further correction in gold prices going ahead. From strictl...

Gold slides to 2-week low as dollar, stocks fall  

10 May 2013, 6.36 pm  |  Source: Reuters

Gold fell 2 percent to a two-week low on Friday, on track for its biggest one-day drop since mid-April, as a breach of key chart levels prompted heavy...

Rupee falls most in 4 mths on global dollar strength  

10 May 2013, 6.14 pm  |  Source: Reuters

Rupee depreciated to three-week low as most of the Asian currencies weakened to the US currency....

MCX Goldm June contract slips 1.3%  

10 May 2013, 5.56 pm  |  Source: Moneycontrol.com

MCX Goldm prices have moved down Rs 3347, or 11.10 percent in the June series so far. At 16:45 hrs MCX Goldm June contract was trading at Rs 26794 dow...

MCX Silvermic June contract declines 1%  

10 May 2013, 5.56 pm  |  Source: Moneycontrol.com

MCX Silvermic prices have moved down Rs 20838, or 31.81 percent in the June series so far. At 16:48 hrs MCX Silvermic June contract was trading at Rs ...

Gold declines on global cues; silver ends steady  

10 May 2013, 5.35 pm  |  Source: PTI

Gold prices declined by Rs 25 to Rs 27,825 per 10 gm in the national capital today owing to slackened demand at prevailing higher levels amid a weak g...

Nifty closes at highest level in 2013, autos on fire   

10 May 2013, 4.04 pm  |  Source: Moneycontrol.com

Auto stocks were on fire today as the index climbed 2.1 percent while Maruti Suzuki India touched 52-week high of Rs 1,731.9. ...

Investors continue to move from gold to equities  

10 May 2013, 3.47 pm  |  Source: CNBC

Despite gold prices bouncing off their April lows, investors continue to pull money out of the precious metal and plow it into equities, as the stock ...

Gold stuck in trading range, physical demand down  

10 May 2013, 3.34 pm  |  Source: Reuters

India, the world's biggest buyer of the metal, will celebrate Akshaya Tritiya on May 13, the biggest gold-buying festival after Dhanteras. The wedding...

Silver Rates Today: Updates on Silver rates  

10 May 2013, 3.29 pm  |  Source: Moneycontrol.com

Spot silver prices were trading lower. In Mumbai market spot silver 999 prices slipped by Rs 360 at Rs 46100 per one kilogram....

Rupee down 42 paise against dollar; hits three-week low  

10 May 2013, 3.12 pm  |  Source: Reuters

The Indian rupee today lost 42 paise to 54.57 against the dollar in trade on the Interbank Foreign Exchange market due to appreciation of the US curre...

Sensex near 3-1/2 month high, trading above 20,000  

10 May 2013, 2.51 pm  |  Source: Reuters

Both indexes hit their highest intraday level since January 29. ...

MCX Silverm August contract trades lower  

10 May 2013, 2.40 pm  |  Source: Moneycontrol.com

MCX Silverm prices have moved down Rs 11609, or 20.31 percent in the August series so far. MCX Silverm August contract was trading at Rs 45553 down Rs...

MCX Goldguinea May contract slips  

10 May 2013, 2.39 pm  |  Source: Moneycontrol.com

MCX goldguinea prices have moved down Rs 2530, or 10.50 percent in the May series so far. MCX goldguinea May contract was trading at Rs 21570 down Rs ...

Nifty eyes 6100; Jubilant Foodworks, banks most active  

10 May 2013, 1.55 pm  |  Source: Moneycontrol.com

BSE Sensex was trading firm above 20000 after European shares hit five year high. Nifty was also inching towards 6100, a level last seen in January th...

Japanese yen hits four-year low, scales to 101  

10 May 2013, 1.25 pm  |  Source: Reuters

The dollar extended its relentless rally against the Japanese currency on Friday to break above 101 to its highest since April 2009, after signs that ...

Nifty holds 6050; autos lead, Maruti gains 3%   

10 May 2013, 12.28 pm  |  Source: Moneycontrol.com

Maruti rallied 3.5 percent after the dollar hit a 4-year high against the yen. The Nifty was by up 9.15 points or at 6059.30 while the Sensex gained 3...

Trading tips for crude, copper, nickel & natural gas   

10 May 2013, 12.18 pm  |  Source: CNBC-TV18

Sumeet Bagadia of Destimoney Commodities suggests selling crude MCX around Rs 5,250-5,260 per barrel. "Maintain a stop loss for this trade at Rs 5,310...

See Brent correcting at $95-$100/barrel: IHS Global   

10 May 2013, 12.17 pm  |  Source: CNBC-TV18

Despite Brent crude settling higher on Thursday, Simon Wardell of IHS Global Insight feels that crude prices will ease off these recent bounces and wi...

Chart: Divergence seen between commodities, equities  

10 May 2013, 11.46 am  |  Source: Moneycontrol.com

Mecklai Financial has come out with its report on commodities vs equities. Ongoing easing program by central banks and global economic slowdown will c...

MCX Silver September contract slips  

10 May 2013, 11.31 am  |  Source: Moneycontrol.com

MCX Silver prices have moved down Rs 11759, or 20.52 percent in the September series so far. MCX Silver September contract was trading at Rs 45560 dow...

MCX Gold June contract trades lower  

10 May 2013, 11.26 am  |  Source: Moneycontrol.com

MCX Gold prices have moved down Rs 5161, or 16.03 percent in the June series so far. At 11:06 hrs MCX GOLD June contract was trading at Rs 27033 down ...