Crude oil prices fell by 0.21 per cent on Monday at the domestic markets as a result of profit booking by the traders after prices surged on the Federal Reserve announcement of stimulating the economy through a third round of quantitative easing and also due to supply concerns on account of the rising geopolitical tensions in the Middle East and Africa.
The BSE Sensex gained 1.39 percent in early trading, while the Nifty rose 1.46 percent. India formally opened its supermarket sector to foreign chains and eased foreign investment rules in airlines and broadcasters
Benchmark indices are trading near day highs on significant buying among financial and capital goods shares. Positive Asian markets too are supporting the up move
Natural gas futures moved sharply lower during U.S. trade Wednesday, as market players looked ahead to Thursday's closely watched U.S. government report on natural gas supplies.
Selling is likely to emerge in chilli market due to mounting supplies of new chilli crop in Madhya Pardesh along with comfortable carryover stocks in local mandies.
Gold prices rose on Monday on hopes central banks around the world will loosen already very loose monetary policies if the global economy fails to pick up.
The U.S. dollar was broadly lower against its major counterparts on Friday, as news that the Federal Reserve is implementing a fresh round of stimulus measures to bolster U.S. growth weighed broadly on demand for the greenback.
At the NCDEX, castor seed futures for September 2012 contract closed at Rs. 3,572 per quintal tonnes, up by 0.9 per cent, after opening at Rs. 3,510 against the previous closing price of Rs. 3,540.
RBI launches New Digital Currency in India, in 2022, with an aim to provide an alternative to physical cash & develop the next-generation financial system of India.
Crude oil prices fell by 0.21 per cent on Monday at the domestic markets as a result of profit booking by the traders after prices surged on the Federal Reserve announcement