22:51
SHARE MARKET REVIEW
Copper and brass rebounded smartly in an active non-ferrous metal market here today on hectic stockiest buying amid fresh demand from industrial users despite a steady London Metal Exchange (LME) cues. Meanwhile, tin dropped due to stockiest offloading on the back of subdued demand from alloy industries. The industrial metals traded almost flat at the LME amid better Euro though lingering concerns on Spain continue torment trading sentiment.
ENERGY WRAP:
ENERGY WRAP:
Oil fell back for the third day in four on Wednesday as an unexpected rise in U.S. crude stockpiles extended losses and deepened demand worries already turning bleak with the growing euro zone crisis.U.S. Crude oil inventories rose 2.7 million barrels last week on sharply higher imports, defying forecasts for a modest drawdown, data from the U.S. Energy Information Administration showed.
Natural-gas futures stumbled Wednesday after a five-day rally prompted traders to sell off contracts and take profits ahead of a weekly government report on U.S. gas inventories. Natural gas for August delivery on the New York Mercantile Exchange settled down 11.7 cents, or 3.7%, at $3.070 a million British thermal units.
PRECIOUS METAL WRAP:
Natural-gas futures stumbled Wednesday after a five-day rally prompted traders to sell off contracts and take profits ahead of a weekly government report on U.S. gas inventories. Natural gas for August delivery on the New York Mercantile Exchange settled down 11.7 cents, or 3.7%, at $3.070 a million British thermal units.
PRECIOUS METAL WRAP:
Gold rose nearly 2 percent on Wednesday, outperforming equities for the third day in a row as renewed talk of U.S. and European monetary stimulus boosted the precious metal's appeal to investors seeking an inflation hedge. Bullion was poised for its biggest daily rise in a month on speculation the European Central Bank will create new money to fund rescue operations for troubled euro zone countries
Silver rose 2.1 percent to $27.51 an ounce. Confidence in the metal remains shaky, however, analysts said, with investors wary of taking profits in the traditionally volatile asset.
GLOBAL EVENTS TO WATCH:
Silver rose 2.1 percent to $27.51 an ounce. Confidence in the metal remains shaky, however, analysts said, with investors wary of taking profits in the traditionally volatile asset.
GLOBAL EVENTS TO WATCH:
GFK GERMAN CONSUMER CLIMATE,GERMAN IMPORT PRICES m/m,M3 MONEY SUPPLY,ECB PRESIDENT DRAGHI SPEAKS,CORE DURABLE GOODS OREDER’S m/m,UNEMPLOYMENT CLAIMS,PENDING HOME SALES, NATURAL GAS STORAGE.
With Best Indian Stock Market Tips you can make money from these markets by trading in our Intra-day & long term Stock Market Calls with great accuracy and high profitability…
Subscribe Free by Filling the TRIAL FORM...
