Crude oil purchases came in light today. Global and domestic markets, crude oil is trading with mild gains. Although crude oil prices on NYMEX still remains near 10-week lows. With a gain of 0.25 per cent on MCX crude oil is trading at Rs 4965.
Base metals business is extremely sluggish today. MCX Copper is trading at Rs 431, up 0.15 percent. 0.25 percent nickel, lead 0.4 per cent and 0.6 per cent have gained the lead. Aluminum and is trading flat....
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Precious metals prices rose yesterday in light holiday trade, after a lackluster U.S. manufacturing report stirred economic worries ahead of the nonfarm payrolls report later this week. Gold futures recovered from early losses to close higher, reclaiming the $1,600 per ounce level as the market found some safe-haven buying after weaker-than-expected data on US manufacturing sector....
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Gold futures on domestic exchanges were trading in a narrow range as the rupee strengthened against the dollar and COMEX futures rose. On COMEX, the metal gained on bargain buying after the sharp correction in prices last week. A weak dollar against the euro also supported the upside in prices. In global markets, gold also received support as Chinese buyers retuned to the market after the Lunar New Year holidays....
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Gold futures fall first is over. There is the silver light shopping. The spot market in today's sharp decline in the gold and silver. With 0.2 per cent on MCX gold is trading at Rs 27,500. The slowness with silver on MCX is trading above Rs 57 200.....
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Crude Updates-
Rapid decline in crude oil reserves in the United States is expected to continue. Up 1 per cent to Rs 4,900 on MCX crude oil is up. NYMEX on the price of crude oil rose to $ 99.5. Light crude oil is increasingly being viewed.....
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Strong light is seen in gold, while silver is trading at the edge. Gold prices rose more than half a percent on Monday as growing optimism that European leaders will sign off on a rescue deal....
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November 25, 2011, Los Angeles - Gold bullion prices rose in light trading 0.18 percent or $3.00 to close at $1,694.50 an ounce on Thursday, as France and Germany agreed to halt bickering in public over whether the European Central Bank (ECB) should do more to rescue the eurozone from its widening debt crisis. The price of Silver advanced 0.38 percent or $0.12 to close at $31.80 an ounce while the Gold/Silver ratio, the number of ounces of Silver it takes to buy one ounce of Gold, edged down to 53.29 as Silver outperformed Gold.
The stock market has opened in green light. The Sensex is up 54.63 points at 27987.53 and the Nifty is up 9.30 points at 8463.40. Around 468 shares have advanced, 100 shares declined, and 61 shares are unaltered.
ONGC, Hero MotoCorp, Lupin, Coal India and Maruti are top gainers in the Sensex. Among the losers are BHEL, HDFC twins, Hindalco and Bharti Airtel.
The stock market traded higher on the first day of the week. In the morning session it travelled in the green lights. Sensex is up 118.25 point to 27442.25 and Nifty is up 38.55 points to 8300.90.
Jammu and Kashmir Bank reported 60 percent decline in its net profit at Rs 101.61 crore for the fourth quarter ended in March 2015.
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