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Indian stock market showed the energy just before the budget . On the second consecutive day sensex nifty closed at a record high. The Sensex rose 138 points to 26100 and the Nifty rose 35 points to close at 7787. Sensex closed above 26,000 for the first time. Smallcap stocks rose 0.6 per cent.Midcap stocks are dull.

Crude oil futures were trading lower during early morning trade in the domestic market on Friday as investors and speculators continued to cut risky bets in the energy commodity amidst heightened fears over a worsening supply glut in the global oil market. US crude supplies climbed for the seventh week on the trot, up by 4.22 million barrels last week, the EIA said, adding that supplies of the fuel in the world's biggest oil consumer

Share tips for today - The Wall Street suffered its worst session in over a month on yesterday as lower commodity prices weighed on energy & materials stocks and comments by a Federal Reserve policymaker signaled at an approaching interest-rate increment.

1. Sensex jumps 200 points ahead of US Fed meet. 2. China stocks flat ahead of Fed meet; energy shares up. 3. Oil mkt makes only one promise, and that's volatility. 4. Rupee inches up ahead of US Fed meet outcome. 5. L&T, Maruti, Strides Shasun among top 5 buy ideas from top brokerages. 6. F&O view: Heavy Call OI buildup at strike 8,000 to cap Nifty50 upside.

Today, Crude oil futures plummeted over 1 per-cent in the native market while tumbling to a 6 year low in the overseas market as investors, observers and speculators regained to a heavy sell-off in the energy commodity amidst continued fears that a global oil glut may exacerbate due to the fallout of the OPEC's decision to maintain production at high levels, and sluggish world wide growth of economy which may weaken requirement.

Today's news : Asian equities delivered some last-minute Christmas cheer, continuing to rally on the last full trading day of the week before the holiday. Oil prices recovery boosted energy stocks in the areas, with US crude nearly 1 per-cent high in Asia trading following a 4 per-cent rally overnight.

Crude Oil and gas is one of the most precious resources found on earth as it is an important component of the energy industry. The energy sector of an economy is termed as its driving force and is critical for its functioning. It consists of the Oil and Gas Industry, coal mining industry, power generation industry and the power distribution industry.

Intraday Trading Tips for Day after Tomorrow Thursday 31 May:- Buy Godrej Consumer Products with a target of Rs 590 Hold Colgate-Palmolive with a stop loss of Rs 1160 Buy ITC with a 1-year target of Rs 255 Sell BGR Energy with a target of Rs 275 and stop loss

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Crude oil climbed 0.5 percent and trading at Rs 2960. Natural gas moved up with a gain of 4 percent and trading at Rs 186.6 . Gold fell 0.1 percent trades at Rs 27950. Silver broke 0.25 percent to Rs 39850. Copper has some pressure. Nickel traded with a gain of 1 percent at Rs 930. Lead is declined.

Crude oil rose by 1.3 percent and is trading around Rs 4,000. Natural gas rose 1.5 per cent to Rs 170. Gold is trading around Rs 27800 with a fell of 0.25 percent. Silver fell 0.2 percent and trading close to Rs 37935. Aluminium rose 0.25 percent to Rs 155. Copper is trading close to Rs 350 with a gain of 1.25 per cent. Nickel gain 0.25 per cent and trading at Rs 950. Lead surge 0.50 per cent to Rs 115. Zinc has a strenght of 0.5 percent.

Gold is trading with a gain of 0.3 percent at Rs 26900. Silver climbed up 0.5 percent and trading at Rs 37200. Copper is trading with 0.3 percent weakness at Rs 353.4 . Nickel fells 0.2 percent and trading at Rs 940. Lead & zinc has a weakness of 0.4 and 0.3 percent.

Gold is flat and is trading at Rs 26870. Silver gains 0.3 percent growth at Rs 37700. Crude oil slipped 0.75 per cent to Rs 3150. Natural gas fell 1 per cent to Rs 170. Copper trades with a weakness of 0.1 per cent at Rs 351.4 . Aluminium is flat. Lead and zinc have a weakness of 0.1 to 0.1 per cent. Nickel rose 0.2 per cent to Rs 920.

I have started seeing Minster Energy beverages on the shelves in hypermarkets in India. Clearly the strategy is to get the next stage of growth from developing markets. However, I think that for that strategy to succeed, they will have to skip certain generations of product lines and go directly to the latest products, like the sugar-free variants and more exotic flavours. Also, I did not know that Coca Cola had bought out Costa Coffee.