Local Markets

Remain bearish on gold & silver: Motilal Oswal   

20 May 2013, 11.43 am  |  Source: CNBC-TV18

In an interview to CNBC-TV18, Kishore Narne, Associate Director, Head - Commodity & Currency of Motilal Oswal Commodity Broker Pvt Ltd says that any r...

Oil price falls below $96/barrel  

20 May 2013, 11.41 am  |  Source: AP

Benchmark crude for June delivery was down 25 cents to USD 95.77 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exch...

MCX Silvermic June contract slips 4%  

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

MCX Silvermic prices have moved down Rs 24561, or 37.50 percent in the June series so far. At 11:23 hrs MCX SILVERMIC June contract was trading at Rs ...

MCX Goldguinea May contract declines 1.5%  

20 May 2013, 11.32 am  |  Source: Moneycontrol.com

MCX Goldguinea prices have moved down Rs 3705, or 15.37 percent in the May series so far. At 11:21 hrs MCX GOLDGUINEA May contract was trading at Rs 2...

Nifty stuck at 6200; autos gain, pharmas & banks fall  

20 May 2013, 11.00 am  |  Source: Moneycontrol.com

Auto, metals and realty stocks were lending strength to the indices. Pharma stocks were reeling under heavy selling pressure. ...

Gold falls for eighth session, silver down sharply  

20 May 2013, 10.57 am  |  Source: Reuters

Investors have been dumping gold, which is down 20 percent so far this year, as stocks and the dollar continue to outperform. If gold closes in the re...

Indian rupee hits 2-1/2 month low  

20 May 2013, 10.00 am  |  Source: Reuters

The rupee is trading at 55.02/03 after touching 55.07 in opening deals, its lowest since March 4....

BSE Sensex up 120; Indian rupee hits 2.5-month low  

20 May 2013, 9.56 am  |  Source: Moneycontrol.com

BSE Sensex surged more than 100 points in the morning trade citing positive Asian shares. Nifty too surged above 6200 mark led by buying in metal and ...

Indian Rupee opens lower at 55.04 per dollar  

20 May 2013, 9.09 am  |  Source: Moneycontrol.com

The Indian rupee opened lower by 16 paise at 55.04 per dollar versus 54.88 on Friday. Agam Gupta of Standard Chartered Bank feels fundamental inflows ...

BSE Sensex surges over 100 pts, metal stocks early gainers  

20 May 2013, 9.09 am  |  Source: Moneycontrol.com

The market opened on a positive note. Stock-specifically, ITC, Tata Motors, Coal India, BHEL and Dr Reddy’s Labs were the top gainers in the Sensex....

10-year yield likely to trade in 7.14-7.20% range:Edelweiss  

20 May 2013, 8.54 am  |  Source: CNBC-TV18

The bond market rally could cool off as valuations have turned richer and another rate cut seems priced in, says Ajay Manglunia, Edelweiss....

Rupee likely to open above 55/USD: Agam Gupta  

20 May 2013, 8.51 am  |  Source: CNBC-TV18

Rupee for the day is seen between 54.90-55.25/USD range. Fundamental inflows are likely to continue, while selling pressure could emerge at 55.20/USD,...

Hedge funds sell gold after propping mkt a month ago  

18 May 2013, 12.37 pm  |  Source: Reuters

Hedge funds and other big speculators in commodities have started selling gold in a big way, trade data showed on Friday, just a month after they had ...

Rupee edges down tracking broad dollar gains  

17 May 2013, 10.51 pm  |  Source: Reuters

The rupee weakened on Friday on the back of a broad rally in the dollar versus major currencies, but gains in domestic shares limited a sharp sell-off...

Dollar soars, global stocks gain amid talk of Fed QE exit  

17 May 2013, 10.28 pm  |  Source: Reuters

The dollar soared on Friday against a basket of currencies, reaching a nearly three-year peak, and global equity indexes gained as speculation mounted...

Gold falls to 1-month low as Fed comments lift dollar  

17 May 2013, 10.19 pm  |  Source: Reuters

Gold fell for a seventh straight session on Friday, its longest losing streak in four years, as speculation that the Federal Reserve may soon rein in ...

Oil gains to near $96 as investors eye US economy  

17 May 2013, 8.12 pm  |  Source: AP

Oil prices rose to near USD 96 a barrel ahead Conference Board`s index of leading indicators for the US economy. ...

MCX Silverm August contract trades lower  

17 May 2013, 4.27 pm  |  Source: Moneycontrol.com

MCX Silverm August contract was trading at Rs 43500 down Rs 310, or 0.71 percent. SILVERM prices have moved down Rs 13662, or 23.90 percent in the Aug...

MCX Goldpetal June contract declines  

17 May 2013, 4.27 pm  |  Source: Moneycontrol.com

MCX Goldpetal June contract was trading at Rs 2610 down Rs 16, or 0.61 percent. GOLDPETAL prices have moved down Rs 414, or 13.69 percent in the June ...

BSE Sensex crawls to new 30-month high as cap goods shine  

17 May 2013, 4.09 pm  |  Source: Moneycontrol.com

BSE Sensex closed at fresh 2 1/2 year highs. Most domestic players are said to have missed out on the rally as they remain worried about the weak macr...

Silver prices today: Updates on Silver rates in India  

17 May 2013, 3.38 pm  |  Source: Moneycontrol.com

Silver rates were trading higher in major cities of India. In Mumbai market, spot silver 999 prices gained by Rs 655 at Rs 44490 per one kilogram....

Gold's fall not over yet; sell now recommend experts   

17 May 2013, 3.34 pm  |  Source: CNBC-TV18

Experts' bearishness comes on the back of the metal seeing the worst decline in a month after investors cut their exposure to bullion. Gold exchange-t...

BSE Sensex ends flat; ABB, JM Financial big movers  

17 May 2013, 3.33 pm  |  Source: Moneycontrol.com

Indian shares closed flat on the final day of the week, which otherwise showed a stellar performance led by huge rally in banking, realty, pharma, aut...

BSE Sensex up 50; ABB jumps 22%, cap goods stocks up  

17 May 2013, 3.00 pm  |  Source: Moneycontrol.com

Key equity benchmarks were trading flat on the final trading day of this week. ABB was star performer of the day as stock surged more than 20 percent....

MCX Silvermic Nov contract slips 1%  

17 May 2013, 2.42 pm  |  Source: Moneycontrol.com

MCX Silvermic November contract was trading at Rs 44272 down Rs 447, or 1 percent. So far 268 contracts have been traded. Silvermic prices have moved ...

MCX Goldm July contract trades lower  

17 May 2013, 2.41 pm  |  Source: Moneycontrol.com

MCX Goldm July contract was trading at Rs 26046 down Rs 159, or 0.61 percent. GOLDM prices have moved down Rs 3954, or 13.18 percent in the July serie...

Nifty hovers around 6150; realty gains, ABB up 17%  

17 May 2013, 2.05 pm  |  Source: Moneycontrol.com

The Nifty slips below 6150. The Sensex is down 81.40 points at 20165.93, and the Nifty down 22.50 points at 6147.40. ...

Don't see gold touching $1,100/oz by year-end: UBS   

17 May 2013, 1.25 pm  |  Source: CNBC-TV18

In a new note to clients, Credit Suisse's Ric Deverall forecasted that gold would plunge to USD 1,100 this year and eventually to USD 1,000 within fiv...

BSE Sensex flat; ITC Q4 results beat street estimates  

17 May 2013, 12.57 pm  |  Source: Moneycontrol.com

It was another day of consolidation for the key equity benchmark indices BSE Sensex and NSE Nifty. Midcaps continued to outperform while traders prefe...

Brent slips, stays below $104 on demand woes, firm $  

17 May 2013, 12.32 pm  |  Source: Reuters

The US economy showed fresh signs of slowing in the second quarter, with factory activity slipping in the mid-Atlantic region while groundbreaking dec...