SILVER prices on MCX gained

Fri, Dec 14, 2012 at 11:22 MCX SILVER March'13 contract gains SILVER prices on MCX gained. At 11:16 hrs MCX SILVER March contract was trading at Rs 61817 up Rs 309, or 0.50%. The SILVER rate touched an intraday high of Rs 61925 and an intraday low of Rs 61647. So far 5663 contracts have been traded. SILVER prices have moved up Rs 5022, or 8.84% in the March series so far. At 11:16 hrs MCX SILVER May contract was trading at Rs 63260 up Rs 360, or 0.57%. The SILVER rate touched an intraday high of Rs 63301 and an intraday low of Rs 63202....

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GOLD prices on MCX

Fri, Dec 14, 2012 at 11:21 MCX GOLD June'13 contract trades flat GOLD prices on MCX were trading flat. At 11:14 hrs MCX GOLD February contract was trading at Rs 31233 up Rs 6, or 0.02%. The GOLD rate touched an intraday high of Rs 31269 and an intraday low of Rs 31211. So far 2636 contracts have been traded. GOLD prices have moved up Rs 38, or 0.12% in the February series so far. At 11:14 hrs MCX GOLD April contract was trading at Rs 31639 up Rs 6, or 0.02%. The GOLD rate touched an intraday high of Rs 31668 and an intraday low of Rs 31621....

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Inflation seen picking up in November

Inflation seen picking up in November  Indian data due out on Friday is expected to show inflation accelerated in November because of a weak rupee and festive consumer demand, dampening any lingering hopes of a central bank rate cut next week to boost the stuttering economy. A Reuters poll forecast the wholesale price index, India's main inflation measure, rose an annual 7.6 percent in November, up from 7.45 percent in October. The government will release the data at 0630 GMT. Asia's third largest economy is headed for the weakest...

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Fertiliser shares rally even as Sensex, Nifty struggle

Fri, Dec 14, 2012 at 09:52 Fertiliser shares rally even as Sensex, Nifty struggle  Fertiliser shares were up in morning trade Friday even as key equity benchmarks Sensex and Nifty struggled for direction. Brokers attributed the rally in fertiliser shares to news of the government clearing the urea investment policy, which could attract much need investments in the sector. The 30-share Sensex was flat at 19, 228 and the 50-share Nifty flat at 5851. Fertilisers and Chemicals Travancore led gainers in fertiliser space, rallying over...

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Gold premiums in Hong Kong rose

On Tuesday At 14.02 Hrs Gold buying slows; prices rebound from 1-month low Gold premiums in Hong Kong rose to their highest in about five months on Tuesday as Chinese banks stocked up on bullion to avoid a supply crunch when refineries close shop for the year-end holidays. Gold bar premiums in Hong Kong rose to as high as $1.50 an ounce above London prices, compared to 50 cents to $1 over the past few weeks...

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Sensex trims gains; Pharma, FMCG, Banks buoyant

Sensex trims gains; Pharma, FMCG, Banks buoyant The BSE benchmark Sensex trimmed its initial sharp gains but managed to trade higher by 111 points in the late morning trade on buying mainly in Pharma, FMCG, and Banking sectors on the back persistent foreign capital inflows. At 12.16 pm, the Sensex was trading up 111.71 points or 0.58% at 19521.40, and the 50-share Nifty was up 27.85 points or 0.47% at 5936.75. Hopes of a rate cut by the Reserve Bank of India (RBI) in its monetary policy review next week boosted market sentiment. Foreign...

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Gold held steady above $1,710

Gold steady above $1,710/oz ahead of Fed meeting Gold held steady above $1,710 an ounce on Tuesday ahead of a U.S. Federal Reserve meeting where policy makers are expected to announce more stimulus measures, seen to support gold's appeal as a hedge against inflation. FUNDAMENTALS * Spot gold was little changed at $1,710.70 an ounce by 0030 GMT, after rising to a one-week high of $1,717.20 in the previous session. * U.S. gold traded nearly flat at $1,713. * Many economists think the U.S. central bank will announce monthly bond purchases...

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Morning Nifty inches closer to 6000

At 10.13 Hrs on Tuesday morning Nifty inches closer to 6000, bank shares build on gains Key equity benchmarks Sensex and Nifty leapt rallied in early trade Tuesday, with brokers attributing the surge as sentiment-driven more than anything else. The Sensex climbed to a 20-month high and the Nifty to a 23-month high. Brokers said the market is betting that the Banking Laws Amendment Bill, a key policy reform, will be passed in Parliament today. Overall, the Winter Session of the Parliament has turned out to be better than expected with the...

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Oil climbs above $107 on strong Chinese demand

Oil climbs above $107 on strong Chinese demand Brent crude oil rose above USD 107 a barrel on Monday, snapping five straight days of losses after Chinese data showed the world's biggest energy consumer was rebounding after a slowdown. China's implied oil demand in November surpassed 10 million barrels per day (bpd) for the first time while its crude imports rose to the second-highest daily rate on record, providing more evidence of recovery after data over the weekend showed refinery runs rose to a new high. Brent futures gained 50 cents...

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Gold rates trading higher in major cities in India

On Monday at 15:29 Gold rates trading higher in major cities in India Spot gold rates were trading higher in major cities in India. In Delhi market, Standard gold (995 purity) was up Rs 150 at Rs 31460 and pure gold (999 purity) was up Rs 150 at Rs 31660.  In Jaipur market standard gold (995 purity) was up Rs 180 at Rs 31430 and pure gold (999 purity) was up Rs 180 at Rs 31455...

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Silver prices trading higher

On Monday at 15:42 Silver prices trading higher Silver prices were trading higher in major metros in India. In Mumbai market, Pure silver (999 purity) was up Rs 300 at Rs 63325 and in Delhi market it was up Rs 550 at Rs 62250. ...

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Sensex, Nifty end flat; charts say mkt in overbought state

Sensex, Nifty end flat; charts say mkt in overbought state Indian shares recovered from the day's low to provisionally end flat on Monday led by a rally in public sector banks on hopes that legislation on banking sector reforms would be passed during the current session of parliament. The consequent changes would lead to the issue of new banking licenses. The Sensex closed down 14.41 points or 0.07 percent at 19409.69, while the Nifty up 1.50 points or 0.03 percent at 5908.90. The rally in banks was led by heavyweight HDFC (up 3.15%)...

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MCX GOLD April'13 contract trades firm

MCX GOLD April'13 contract trades firm GOLD prices on MCX were trading firm. At 10:59 hrs MCX GOLD February contract was trading at Rs 31354.00 up Rs 28.00, or 0.09%. The GOLD rate touched an intraday high of Rs 31399.00 and an intraday low of Rs 31341.00. So far 3108 contracts have been traded. GOLD prices have moved up Rs 159.00, or 0.51% in the February series so far. At 10:59 hrs MCX GOLD April contract was trading at Rs 31755.00 up Rs 37.00, or 0.12%. The GOLD rate touched an intraday high of Rs 31795.00 and an intraday low of Rs 31740.00....

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Rupee opens higher

Rupee opens higher The rupee higher at 54.32/33 levels in opening trades as regional equities were positive. The pair had closed at 54.47/48 on Friday. Asian FX were trading mixed. "The INR opened positive but also immediately got offered. It seems that the market is front-running for the Bharti Infratel IPO,...

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Nifty open weak; midcaps continue to inch up

AT 09.39 Hrs Sensex, Nifty open weak; midcaps continue to inch up Key benchmarks Sensex and Nifty opened sluggish Thursday, but investors continued to keep faith in mid and small cap shares, betting them to be reasonably valued compared to  their large cap counterparts. The BSE Sensex was down 128 points at 19263 and the Nifty was down 43 points at 5857. Market breadth was negative on the NSE with over 600 stocks declining, compared to 550 stocks that gained. Nifty December futures were quoting at a premium of 27 points to spot, an...

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Rupee could rise to 52 per dollar by end of 2013 in a note.

Rupee could rise to 52 by end-2013Rupee could rise to 52 per dollar by end of 2013 in a note.The government winning the vote on foreign direct investment in multibrand retail will continue to help the rupee despite questions on whether the reform will be approved by the upper house and concerns about its implementation.The rupee today rose by 14 paise to 54.40 against the dollar in early tra de at the Interbank Foreign Exchange market on continued selling of the US currency by exporters and banks. Besides, a higher opening in the domestic...

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Retail shrs hit a high as FDI clears Lok Sabha test

Retail shrs hit a high as FDI clears Lok Sabha test Investors rushed to buy retail stocks on Thursday after the government won a vote in the Lok Sabha to allow foreign direct investment in multi-brand retail sending companies like Pantaloon Retail, Shoppers Stop and Trent to a 52-week high on opening...

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Sensex, Nifty trade flat; Sterlite, Hindalco toppers

Sensex, Nifty trade flat; Sterlite, Hindalco toppersTowards late afternoon, the market witnessed sudden weakness with the Nifty slipping below 5900. At 15.02 hrs IST, the Sensex is up 43.53 points or 0.22% at 19391.65, and the Nifty up 6.45 points or 0.11% at 5895.70...

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Gold prices near one-month low

Gold prices near one-month lowGold importers in India booked deals for the peak wedding season as prices stayed near their lowest level in a month, eyeing the key parliament vote on entry of foreign super markets and its impact on the rupee...

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Silver prices trading lower in major metros in India

Silver prices trading lower in major metros in IndiaSilver prices were trading lower in major metros in India. In Delhi market, Pure silver (999 purity) was down Rs 965 at Rs 61435 and in Jaipur market it was down Rs 900 at Rs 61200...

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MCX GOLD Feb'13 contract trades higher

AT 11.13 hrs MCX GOLD Feb'13 contract trades higherMCX GOLD February contract was trading at Rs 31422.00 up Rs 56.00, or 0.18%. The GOLD rate touched an intraday high of Rs 31453.00 and an intraday low of Rs 31356.00. So far 3910 contracts have been traded. GOLD prices have moved up Rs 227.00, or 0.73% in the February series so far. ...

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MCX SILVER March'13 contract gains

AT 11.14 Hrs MCX SILVER March'13 contract gains MCX SILVER March contract was trading at Rs 62892.00 up Rs 387.00, or 0.62%. The SILVER rate touched an intraday high of Rs 62972.00 and an intraday low of Rs 62610.00. So far 5071 contracts have been traded. SILVER prices have moved up Rs 6097.00, or 10.74% in the March series so far...

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Sensex off day's high; BSE IT index loses 1%

AT 10.58 this morning Sensex off day's high; BSE IT index loses 1% Indian equity benchmarks erased half of early gains due to weakness in technology stocks. However, Asian markets remained firm following rally in Chinese equities; Shanghai surged 3 percent while Hang Seng gained 1.55 percent. The 30-share BSE Sensex rose 46.76 points to 19,394.88. Meanwhile, the 50-share NSE Nifty was up 9.35 points at 5,898.60 that hit 5900 today in early trade for the first time since April 2011. Country's second largest software services exporter Infosys...

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MCX SILVERM June'13 contract trades lower

AT the closing of the day MCX SILVERM June'13 contract trades lower SILVERM prices on MCX were trading lower. At 15:13 hrs MCX SILVERM February contract was trading at Rs 63374.00 down Rs 475.00, or 0.74%. The SILVERM rate touched an intraday high of Rs 63902.00 and an intraday low of Rs 63322.00. So far 33422 contracts have been traded. SILVERM prices have moved up Rs 7884.00, or 14.21% in the February series so far. At 15:14 hrs MCX SILVERM April contract was trading at Rs 64789.00 down Rs 517.00, or 0.79%. The SILVERM rate touched an...

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At the end of the day Sensex snoozes as FDI logjam continues

At the end of the day Sensex snoozes as FDI logjam continuesIndian equities witnessed a dull day of trade with investors glued firmly to their television sets, watching political parties battle it out on the issue of FDI in retail. The Sensex closed up 36.70 points (0.19%) at 19342.02, while the Nifty ended trade 13.20 points up (0.22%) at 5884.1...

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Sensex spark-less

Sensex spark-lessIndian Benchmarks continue to remain a victim of prevailing mood, which in turn remains lackluster in absence of a dominant trigger. At 12.26 hrs IST, the Sensex was up 36.65 points or 0.19% at 19341.97, and the Nifty adv anced 11.65 points or 0.20% to trade at 5882.60. Top gainers on Sensex include Bajaj Auto, BHEL and Reliance Industries, registering an upmove of 2.15%, 1.84% and 1.78%. After a recent run-up, Mahindra and Mahindra (M&M) looks weak; it was trading 1.18% lower than its previous close. Among the banking...

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MCX GOLD Feb'13 contract trades firm

MCX GOLD Feb'13 contract trades firm GOLD prices on MCX were trading higher. At 10:52 hrs MCX GOLD December contract was trading at Rs 31192.00 up Rs 91.00, or 0.29%. The GOLD rate touched an intraday high of Rs 31250.00 and an intraday low of Rs 31149.00. So far 322 contracts have been traded. GOLD prices have moved up Rs 1892.00, or 6.46% in the December series so far. At 10:52 hrs MCX GOLD February contract was trading at Rs 31657.00 up Rs 94.00, or 0.30%. The GOLD rate touched an intraday high of Rs 31689.00 and an intraday low of Rs...

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MCX SILVER March'13 contract advances

MCX SILVER March'13 contract advancesSILVER prices on MCX advanced. At 10:54 hrs MCX SILVER December contract was trading at Rs 61848.00 up Rs 547.00, or 0.89%. The SILVER rate touched an intraday high of Rs 62301.00 and an intraday low of Rs 61505.00. So far 296 contracts have been traded. SILVER prices have moved down Rs 1162.00, or 1.84% in the December series so far.At 10:54 hrs MCX SILVER March contract was trading at Rs 63801.00 up Rs 450.00, or 0.71%. The SILVER rate touched an intraday high of Rs 63918.00 and an intraday low of Rs 63450.00....

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Nifty Weekly Trend

Nifty in redAccelerated profit taking has sent benchmark indices BSE Sensex and the Nifty into red. Despite a 5% hike in foreign institution investors' cap on debt investments, which is expected to lure FIIs, profit-booking has picked up pace. At 11.36 hrs IST, the Sensex was down 33 points or 0.17% at 19306.90, and the Nifty was trading down 9.10 points or 0.15% at 5870.75.UltraTech Cement, which rose 3.21% on the Nifty, moved on account of the news that the company was in advanced talks to buy Jaypee's cement biz in Ahmedabad. Ultratech is keen...

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