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Soon after a slight uptick, the market soon turned flat. The BSE Sensex is down 35.81 points or 0.1 percent at 24858.00, and the NSE Nifty is down 13.35 points or 0.2 percent at 7545.45. Around 419 shares have propelled, 388 shares declined, and 34 shares are unaltered.
GAIL, HDFC, Tata Steel, Tata Motors and NTPC are top gainers in the Sensex. Among the losers are Lupin, Vedanta, Dr Reddy's Labs, Cipla and HUL.
Gold rose nearly 1 percent on Thursday as lackluster U.S. economic data boosted hopes that the Federal Reserve will maintain its monetary stimulus,
allaying fears that the U.S. central bank may stop buying assets soon. Thursday's economic reports from claims for jobless aid to factory activity and
consumer prices pointed to a still tepid recovery, supporting the argument that the Fed should continue its buying of $85 million in bonds per month to
stimulate growth....
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In the coming week we expect gold prices to remain sideways with upward bias on the back of weakness in the DX triggered by expectations that stimulus measures might be taken soon. In the domestic markets appreciation in the Indian rupee might cap sharp gains in the gold prices....
Read more here- http://commodity-intraday.blogspot.com
Gold futures closed near day's high on COMEX, recovering from a 2-session of declines, as lower prices were enough to entice buyers back to the metal and a weaker US dollar added further support. Gold holdings of SPDR gold trust, the largest ETF backed by the precious metal......
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Mentha oil trading firm and eyeing for 2,000 level soon on the heels of strong stockiest demand against diminutive arrivals in major mandies, we have seen Mentha oil gaining almost 28.04% (Rs.1,322.00 as on Jan.01, 2012, today`s high is Rs.1,837.10). Good demand from the International markets and the domestic pharmaceutical Industries was noted. As per market sources.....
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The MCX Crude Oil Slip on Monday Morning due to fear of Greece default and sell of in equity market. The dealers are waiting for the settlement among Iran, Greece and other major oil exporters.
The crude oil may go higher as soon as the agreement have been signed to provide the necessarily help to the Greece economy.
The stock market has opened on slow note but gained its strength, although Greek crisis still continues and drag the global equities.
The Sensex start in red but soon it crosses the 100 points up in the market while nifty is also trading in green signals.
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