Market Calls

Gold premiums ease as supplies rise  

23 May 2013, 4.55 pm  |  Source: Reuters

The Reserve Bank of India restricted banks from consignment imports of the yellow metal, except for jewellery exporters, after imports in April jumped...

Rupee slumps to eight-month low on sustained dollar demand  

23 May 2013, 4.55 pm  |  Source: Reuters

The fall came riding on sustained dollar demand after the US Federal Reserve hinted at scaling down the monetary stimulus programme....

Oil falls below $93 as China manufacturing weakens  

23 May 2013, 4.25 pm  |  Source: AP

Due to reduced manufacturing activity in China, oil prices fell below the USD 93; its lowest in seven months. ...

MCX Silvermic November contract trades higher  

23 May 2013, 4.21 pm  |  Source: Moneycontrol.com

At 15:48 hrs MCX Silvermic November contract was trading at Rs 44900 up Rs 255, or 0.57 percent. The Silvermic rate touched an intraday high of Rs 450...

MCX Goldpetal May contract gains 1%  

23 May 2013, 4.20 pm  |  Source: Moneycontrol.com

At 15:49 hrs MCX Goldpetal May contract was trading at Rs 2632 up Rs 30, or 1.15 percent. However, Goldpetal prices have moved down Rs 371, or 12.35 p...

Silver prices today: Updates on Silver rates in India  

23 May 2013, 3.26 pm  |  Source: Moneycontrol.com

Spot silver rates trading mixed in major metros of India. In Mumbai market, Spot silver 999 prices gained by Rs 50 at Rs 45200 per one kilogram....

MCX Silverm June contract trades firm  

23 May 2013, 2.45 pm  |  Source: Moneycontrol.com

At 14:13 hrs MCX Silverm June contract was trading at Rs 43393 up Rs 134, or 0.31 percent....

MCX Goldguinea June contract advances   

23 May 2013, 2.44 pm  |  Source: Moneycontrol.com

At 14:11 hrs MCX Goldguinea June contract was trading at Rs 21135 up Rs 181, or 0.86 percent. However, prices have moved down Rs 3066, or 12.67 percen...

Nifty to stay in 5500-6100; hold quality stocks: Edelweiss    

23 May 2013, 2.26 pm  |  Source: CNBC-TV18

Nischal Maheshwari of Edelweiss Financial Services recommends continue holding quality stocks for the moment. ...

Rupee likely to hit 54/$ next month: Barclays Capital   

23 May 2013, 2.08 pm  |  Source: CNBC-TV18

On the upisde, the Indian currency touch 54/USD by next month, expects Nick Verdi of Barclays Capital....

StanChart Bank expects weaker yen going forward   

23 May 2013, 1.58 pm  |  Source: CNBC-TV18

Steve Brice, Standard Chartered Bank believes that Nikkei has been performing extremely well for an extended period, without any pause or break. ...

Govt at ease with stable rupee exchange rate: Rangarajan  

23 May 2013, 1.03 pm  |  Source: Reuters

The rupee fell to its lowest in over 8-1/2 months on Thursday, heading for a fifth consecutive session of falls, as the dollar rallied at the prospect...

Rupee poised to test all-time lows: Jai Bala   

23 May 2013, 12.50 pm  |  Source: Moneycontrol.com

The rupee fell below the key psychological level of 56 to the dollar on Thursday, its lowest level in over 8-1/2 months, as the dollar rallied on worr...

Rupee falls to 8.5-month low on global dollar strength  

23 May 2013, 12.15 pm  |  Source: Moneycontrol.com

The Indian rupee fell to its lowest in over 8-1/2 months on Thursday, heading for a fifth consecutive session of falls. It breached 56 mark in the aft...

Bullion, base metals under pressure, sell on rally: Emkay   

23 May 2013, 11.45 am  |  Source: CNBC-TV18

Ashok Mittal, CEO of Emkay Commodities believes bullion, base metals and energy products remain under pressure. He recommends selling them on any rall...

MCX Silver December contract slips  

23 May 2013, 11.37 am  |  Source: Moneycontrol.com

At 11:14 hrs MCX Silver December contract was trading at Rs 44550 down Rs 286, or 0.64 percent. Silver prices have moved down Rs 2619, or 5.55 percent...

MCX Gold June contract trades higher  

23 May 2013, 11.36 am  |  Source: Moneycontrol.com

At 11:14 hrs MCX GOLD June contract was trading at Rs 26165 up Rs 202, or 0.78 percent. However, Gold prices have moved down Rs 6029, or 18.73 percent...

Nifty may hit 6300 by Dec'13: Amit Trivedi   

23 May 2013, 11.20 am  |  Source: CNBC-TV18

Amit Trivedi of Investworks.in cautions of high volatility in near future. He, however, sees the Nifty touching a fresh all time high at around 6,300 ...

Deeper correction seen on global news, rupee: Dalton Cap   

23 May 2013, 10.51 am  |  Source: CNBC-TV18

The only positive for the Indian market at this stage is easing inflation, Bhat said. For investor sentiment to change for the better, the government...

Nifty to test 6300 in few weeks; buy BHEL, L&T: Baliga   

23 May 2013, 10.34 am  |  Source: CNBC-TV18

Ambareesh Baliga, Edelweiss Financial is bullish on market and does not see too much downside from here. He feels the liquity in flows will continue i...

BPCL, Oil India top picks, says CLSA  

23 May 2013, 10.29 am  |  Source: CNBC-TV18

Mahesh Nandurkar of CLSA said their top picks from the oil PSUs would be BPCL and Oil India....

Indian rupee at new 6-month low; refiner sells dollars  

23 May 2013, 9.59 am  |  Source: Reuters

Most emerging Asian currencies on Thursday fell as a weak China manufacturing survey increased concerns over the world's no. 2 economy, adding to pres...

Indian rupee opens at 55.84/dollar; hits fresh 6-month low  

23 May 2013, 9.05 am  |  Source: Moneycontrol.com

The Indian rupee slipped further on Thursday hitting fresh six months low. The dollar gained against all major currencies after Bernanke's testimony i...

10-year yield seen between 7.15-7.24%: Ashok Gautam  

23 May 2013, 8.44 am  |  Source: CNBC-TV18

GDP numbers later this month will be the key factor for the bond market, says Ashok Gautam, Axis Bank....

Rupee seen between 55.40-55.80/USD: Mohan Shenoi  

23 May 2013, 8.40 am  |  Source: CNBC-TV18

Rupee for the day is seen between 55.40-55.80/USD range. The dollar gained against all major currencies after Bernanke's testimony, says Mohan Shenoi,...

Oil falls as Fed minutes send US equities down  

23 May 2013, 8.29 am  |  Source: Reuters

Crude falls after minutes from the Federal Reserve sent US stock markets down and compounded earlier oil weakness stemming from a rise in US gasoline ...

Gold slips after Bernanke hints at slowing bond buys  

23 May 2013, 8.19 am  |  Source: Reuters

After US Federal Reserve Chairman Bernanke hints at slowing bond buys, gold fell for a third straight session on Thursday...

Forex - NZD/USD falls after China PMI report  

23 May 2013, 7.52 am  |  Source: Forexpros.com

Forex - NZD/USD falls after China PMI report...

Forex - Dollar broadly higher on QE tapering concerns  

23 May 2013, 6.50 am  |  Source: Forexpros.com

Forex - Dollar broadly higher on QE tapering concerns...

Gold falls on mixed Bernanke comments  

23 May 2013, 6.32 am  |  Source: Forexpros.com

Gold falls on mixed Bernanke comments...