Market Calls

MMTC aims Rs 30-cr gold, silver sales for Akshaya Tritiya  

11 May 2013, 1.08 pm  |  Source: PTI

MMTC Ltd expects its gold jewellery and silver sales to double to Rs 30 crore during the Akshaya Tritiya festival. ...

See no political instability; all eyes on macros: PN Vijay   

11 May 2013, 12.38 pm  |  Source: CNBC-TV18

On the ground, PN Vijay says, its (political issues) impact on the actual macros of India like current account deficit or interest rates is going to b...

Rupee may gain 52-level Vs dollar in a year  

11 May 2013, 12.19 pm  |  Source: PTI

The pressure on rupee is lessening and the local currency could appreciate to about 52 levels to the dollar in the next 12 months, a report by Goldman...

Mkt rally not based on fundamentals; book profits: Baliga   

11 May 2013, 12.13 pm  |  Source: CNBC-TV18

The market has run up on strong liquidity flows and not due to any fundamentals, says Ambareesh Baliga of Edelweiss Financial Services. ...

Yen hits 4-1/2-year low vs dollar, oil and gold tumble  

11 May 2013, 11.38 am  |  Source: Reuters

The yen slid to a 4-1/2-year low against the dollar on Friday, triggering a sell-off in oil and gold as well as safe-haven U.S. and German debt, after...

US sends Japan currency warning as G7 meets  

11 May 2013, 11.34 am  |  Source: Reuters

The United States told Japan it would be watching for any sign it was manipulating its currency lower but Tokyo said it met no resistance to its polic...

All set to buy gold today? Not a good idea, say experts  

11 May 2013, 9.42 am  |  Source: Moneycontrol.com

For most of us Akshaya Tritiya would be an ideal occasion to buy gold, but experts predict further correction in gold prices going ahead. From strictl...

Mkt high leaves experts mixed on positions; NTPC top fav  

10 May 2013, 7.00 pm  |  Source: CNBC-TV18

With the Nifty closing at the highest level in 2013 and the Sensex close to the 20,000-level, market experts are mixed on positions to be taken and ad...

Gold slides to 2-week low as dollar, stocks fall  

10 May 2013, 6.36 pm  |  Source: Reuters

Gold fell 2 percent to a two-week low on Friday, on track for its biggest one-day drop since mid-April, as a breach of key chart levels prompted heavy...

Mkt to scale new peak; Maruti, Tata Motors top bets: Expert   

10 May 2013, 6.22 pm  |  Source: CNBC-TV18

Gopi Suvanam, founder, Investworks feels that global flow of funds away from commodities and bonds into equities could push the market to new highs. H...

Rupee falls most in 4 mths on global dollar strength  

10 May 2013, 6.14 pm  |  Source: Reuters

Rupee depreciated to three-week low as most of the Asian currencies weakened to the US currency....

MCX Goldm June contract slips 1.3%  

10 May 2013, 5.56 pm  |  Source: Moneycontrol.com

MCX Goldm prices have moved down Rs 3347, or 11.10 percent in the June series so far. At 16:45 hrs MCX Goldm June contract was trading at Rs 26794 dow...

MCX Silvermic June contract declines 1%  

10 May 2013, 5.56 pm  |  Source: Moneycontrol.com

MCX Silvermic prices have moved down Rs 20838, or 31.81 percent in the June series so far. At 16:48 hrs MCX Silvermic June contract was trading at Rs ...

Gold declines on global cues; silver ends steady  

10 May 2013, 5.35 pm  |  Source: PTI

Gold prices declined by Rs 25 to Rs 27,825 per 10 gm in the national capital today owing to slackened demand at prevailing higher levels amid a weak g...

Investors continue to move from gold to equities  

10 May 2013, 3.47 pm  |  Source: CNBC

Despite gold prices bouncing off their April lows, investors continue to pull money out of the precious metal and plow it into equities, as the stock ...

Gold stuck in trading range, physical demand down  

10 May 2013, 3.34 pm  |  Source: Reuters

India, the world's biggest buyer of the metal, will celebrate Akshaya Tritiya on May 13, the biggest gold-buying festival after Dhanteras. The wedding...

Silver Rates Today: Updates on Silver rates  

10 May 2013, 3.29 pm  |  Source: Moneycontrol.com

Spot silver prices were trading lower. In Mumbai market spot silver 999 prices slipped by Rs 360 at Rs 46100 per one kilogram....

Rupee down 42 paise against dollar; hits three-week low  

10 May 2013, 3.12 pm  |  Source: Reuters

The Indian rupee today lost 42 paise to 54.57 against the dollar in trade on the Interbank Foreign Exchange market due to appreciation of the US curre...

MCX Silverm August contract trades lower  

10 May 2013, 2.40 pm  |  Source: Moneycontrol.com

MCX Silverm prices have moved down Rs 11609, or 20.31 percent in the August series so far. MCX Silverm August contract was trading at Rs 45553 down Rs...

MCX Goldguinea May contract slips  

10 May 2013, 2.39 pm  |  Source: Moneycontrol.com

MCX goldguinea prices have moved down Rs 2530, or 10.50 percent in the May series so far. MCX goldguinea May contract was trading at Rs 21570 down Rs ...

Emkay Global sees Nifty in 5900-6100; picks 7 midcap bets   

10 May 2013, 1.57 pm  |  Source: CNBC-TV18

After Indian market rallying high in the past couple of trading sessions, Sandeep Singal of Emkay Global feels the midcaps will keep the Nifty in the ...

Nifty can touch 6350; gold may fall to $1400/oz: Barclays   

10 May 2013, 1.27 pm  |  Source: CNBC-TV18

Dhiren Sarin, Technical Analyst, Barclays says that global market rally may push Nifty to 6350, but gold may not be able to sustain the bounce back fr...

Japanese yen hits four-year low, scales to 101  

10 May 2013, 1.25 pm  |  Source: Reuters

The dollar extended its relentless rally against the Japanese currency on Friday to break above 101 to its highest since April 2009, after signs that ...

Trading tips for crude, copper, nickel & natural gas   

10 May 2013, 12.18 pm  |  Source: CNBC-TV18

Sumeet Bagadia of Destimoney Commodities suggests selling crude MCX around Rs 5,250-5,260 per barrel. "Maintain a stop loss for this trade at Rs 5,310...

See Brent correcting at $95-$100/barrel: IHS Global   

10 May 2013, 12.17 pm  |  Source: CNBC-TV18

Despite Brent crude settling higher on Thursday, Simon Wardell of IHS Global Insight feels that crude prices will ease off these recent bounces and wi...

MCX Silver September contract slips  

10 May 2013, 11.31 am  |  Source: Moneycontrol.com

MCX Silver prices have moved down Rs 11759, or 20.52 percent in the September series so far. MCX Silver September contract was trading at Rs 45560 dow...

MCX Gold June contract trades lower  

10 May 2013, 11.26 am  |  Source: Moneycontrol.com

MCX Gold prices have moved down Rs 5161, or 16.03 percent in the June series so far. At 11:06 hrs MCX GOLD June contract was trading at Rs 27033 down ...

Sentiment remains bearish, sell gold: Angel Broking   

10 May 2013, 11.24 am  |  Source: CNBC-TV18

In an interview to CNBC-TV18, Naveen Mathur of Angel Broking spoke about the current trend in commodities market....

Rally almost over, stay clear of PSU banks: Dalton's Bhat   

10 May 2013, 11.08 am  |  Source: CNBC-TV18

UR Bhat of Dalton Capital advises not to expect much rise in the market from current levels. He feels the rally aided by foreign funds is more or less...

Gold pares losses, holdings at biggest ETF edge up  

10 May 2013, 11.05 am  |  Source: Reuters

Spot gold dipped to $1,452.84 an ounce before rebounding to $1,460.31, up $2.61. U.S. gold futures for June delivery hit a session low of ...