Local Markets

MCX Silvermic August contract trades lower  

07 May 2013, 2.43 pm  |  Source: Moneycontrol.com

MCX SILVERMIC August contract was trading at Rs 45307 down Rs 649, or 1.41 percent. The SILVERMIC rate touched an intraday high of Rs 45800 and an int...

BSE Sensex up 150; Sun Pharma, Lupin, ITC hit life-highs  

07 May 2013, 1.32 pm  |  Source: Moneycontrol.com

Indian shares were trading at three-month high led by heavy buying in FMCG, banks, pharma, realty and power stocks. Positive regional shares also lift...

HSBC sees stable rupee for next 3-6 months   

07 May 2013, 12.23 pm  |  Source: CNBC-TV18

Manish Wadhawan, managing director, HSBC expects the Indian rupee to be stable for the next three to six months....

Commodity bets: Buy gold & silver, sell crude   

07 May 2013, 12.11 pm  |  Source: CNBC-TV18

Dharmesh Bhatia of Kotak Commodities suggests buying MCX gold around Rs 26,900 per 10gm with a stop loss at Rs 26,800 per 10gm and a target of Rs 27,3...

Nifty hits 3-month high; banks, FMCG, realty support  

07 May 2013, 12.10 pm  |  Source: Moneycontrol.com

The market was growing stable with the Nifty scaling 6000. The Nifty hit 3-month high as it touched 6023.10, surging 52.05 points. The Sensex was up 1...

Why RBI's fresh attack on gold is also doomed to fail  

07 May 2013, 12.09 pm  |  Source: Firstpost.com

The Reserve Bank of India (RBI) has more or less destroyed one good business for banks. The 2013-14 monetary policy, announced last Friday, makes two ...

MCX Goldguinea May prices down 0.3% to Rs 21581  

07 May 2013, 11.38 am  |  Source: Moneycontrol.com

At 11:05 hrs MCX GOLDGUINEA May contract was trading at Rs 21581 down Rs 68, or 0.31 percent. The GOLDGUINEA rate touched an intraday high of Rs 2165...

Crude may correct, sell at current levels: Motilal Oswal   

07 May 2013, 11.30 am  |  Source: CNBC-TV18

In an interview to CNBC-TV18, Kishore Narne of Motilal Oswal Commodity spoke about the current trend in commodities market....

MCX July Silver prices plunge 1% to Rs 44692  

07 May 2013, 11.25 am  |  Source: Moneycontrol.com

At 11:08 hrs MCX SILVER July contract was trading at Rs 44692 down Rs 476, or 1.05 percent. The SILVER rate touched an intraday high of Rs 45031 and a...

Mecklai graph: Appreciation of Chinese Yuan in 2013  

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

Mecklai graph of the day: The Chinese Yuan appreciated to high of 6.1532 against the U.S dollar since the government incorporated the official and mar...

BSE Sensex up 100; FIIs extend record buying to $ 11.8bn  

07 May 2013, 10.40 am  |  Source: Moneycontrol.com

Key equity benchmarks were trading firm on Tuesday backed by record buying from foreign institutional investors (FIIs). According to data compiled by ...

Indian rupee down 18 paise against dollar in early trade  

07 May 2013, 10.38 am  |  Source: PTI

The rupee today lost 18 paise to Rs 54.36 against the US dollar in early trade on the Interbank Foreign Exchange due to appreciation of the American c...

Brent slips towards $105, supply worries stem losses  

07 May 2013, 10.37 am  |  Source: Reuters

Brent futures slipped back towards USD 105 a barrel on Tuesday as investors saw the recent surge in prices as an opportunity to sell and book profits,...

Gold ticks lower as equities gain, ETFs plunge  

07 May 2013, 10.31 am  |  Source: Reuters

Gold eased on Tuesday, losing its shine as an alternative investment after stock markets rallied on hopes for a steady US recovery, and as holdings on...

Nifty flirts with 6000; NTPC, RIL, Hero early gainers   

07 May 2013, 9.37 am  |  Source: Moneycontrol.com

The market opened in the positive territory while the Nifty crawled itself to the psychological 6000-mark. The Nifty was up 35.60 points at 6006.65 wh...

Indian Rupee opens flat at 54.18 per dollar  

07 May 2013, 9.06 am  |  Source: Moneycontrol.com

The Indian rupee remained unchanged at 54.18 per dollar in opening trade Tuesday as compared to previous day's closing....

How NDF market works  

07 May 2013, 8.52 am  |  Source: Reuters

Non-deliverable forwards are used to hedge or speculate against currencies when exchange controls make it difficult for foreigners to trade in the spo...

Bonds unlikely to rally in hurry: Vivek Rajpal  

07 May 2013, 8.49 am  |  Source: CNBC-TV18

Amid supply pressures and after RBI's cautious guidance, bonds are unlikely to rally in a hurry, says Vivek Rajpal, Nomura....

Rupee likely to trade weak today: Pramit Brahmbhatt  

07 May 2013, 8.48 am  |  Source: CNBC-TV18

The rupee is likely to trade weak today led by a weaker euro and dollar demand for oil and defence related payments, says Pramit Brahmbhatt, Alpari....

Sebi issues notice to 24 untraceable entities to pay fines  

06 May 2013, 7.22 pm  |  Source: PTI

Seeking to recover over Rs 2 crore imposed as fines, Sebi has issued notices against 24 entities that have been untraceable for about three years sinc...

Gold futures extend rise; importers refrain from buys  

06 May 2013, 5.42 pm  |  Source: Reuters

Indian gold futures extended gains on Monday, helped by a weaker rupee and firm overseas markets, driving away importers seeking to stock for the upco...

May: The month dollar-yen finally breaks 100?  

06 May 2013, 4.56 pm  |  Source: CNBC

April just wasn`t meant to be the month for the dollar to push decisively above 100 yen. Perhaps May will be, given hopes of stronger US economic news...

Bearish on gold; don’t short crude now: Kishore Narne   

06 May 2013, 3.56 pm  |  Source: CNBC-TV18

Kishore Narne of Motilal Oswal Commodity is bearish on gold. One should use the current pullback for exiting long positions, he suggests. Going ahead,...

Nifty ends above 5950; shrugs off Cobrapost, weak PMI data  

06 May 2013, 3.54 pm  |  Source: Moneycontrol.com

Key equity benchmarks ended in green led by buying in metal and IT stocks. Indian shares consolidated for most part of the day in the absence of major...

Silver Rates Today: Updates on silver prices  

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

Silver rates for 1 KG gained in major metros in India. MCX SILVER July contract was trading at Rs 45482 up Rs 305, or 0.68 percent....

Gold prices hold firm after second weekly gain  

06 May 2013, 3.25 pm  |  Source: Reuters

Gold edged higher on Monday, with some buyers tempted back to the market after a second week of gains suggested last month's price slide to a more tha...

Copper refiners gain tracking strength in metal  

06 May 2013, 3.06 pm  |  Source: Reuters

Shares in copper refiners gain on expectations of better realisations after the metal rose more than 6 percent on Friday, its strongest daily gain in ...

Sensex up 70; Hindalco, TCS, Tata Steel, RIL surge  

06 May 2013, 3.03 pm  |  Source: Moneycontrol.com

Indian shares were trading firm in the last one hour of trade on Monday tracking positive regional shares. Asian markets closed in green barring Kospi...

MCX Gold June contract trades firm  

06 May 2013, 2.49 pm  |  Source: Moneycontrol.com

GOLD prices on MCX were trading firm. At 14:16 hrs MCX GOLD June contract was trading at Rs 27106 up Rs 144, or 0.53 percent. The GOLD rate touched an...

MCX Silver July contract gains  

06 May 2013, 2.48 pm  |  Source: Moneycontrol.com

At 14:17 hrs MCX SILVER July contract was trading at Rs 45337 up Rs 160, or 0.35 percent. The SILVER rate touched an intraday high of Rs 45485 and an ...