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Gold Ekes Out Small Gains commodity live market news
Mar 10th
Gold Ekes Out Small Gains commodity live market news
(10-Mar-2010 , 17:22 Hours IST commodity live news Navia Markets ltd)
Gold futures advanced amid volatile trading in the currency and equities market as the traders were still eying the Greece default scenario and steady buying returned in the safe haven assets. Gold went up as an early slide in Asia came to a halt at $1120 levels and lack of direction in the equities pushed the metal upwards. The prices moved up despite the strength in US dollar, extending a recent trading pattern. Read More »
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Loading ...Pepper Futures End Slightly Higher commodity live news
Mar 10th
Pepper Futures End Slightly Higher commodity live news
(10-Mar-2010 , 17:16 Hours IST commodity live updates Navia Markets)
Pepper futures traded slightly higher on Wednesday afternoon on expectations of local and export demand, with limited supplies in the markets. Benchmark March 2010 futures on NCDEX traded in the ranges of Rs 12887-Rs 12781 against the last close of Rs 12783 per 100 kg. The counter ended the session higher by Rs 40 at Rs 12823 and the open interest dipped 4.06 percent to 5,307 tonnes from 5,532 tonnes, indicating short covering. Volume traded in the contract dipped to 1,330 tonnes from 1,957 tonnes traded on last day. Read More »
(No Ratings Yet) Loading ...Lack Of Movement In Crude Oil share market live news
Mar 10th
Lack Of Movement In Crude Oil share market live news
(10-Mar-2010 , 17:10 Hours IST share market news updates Navia Markets)
MCX Crude oil futures rebounded marginally after trading under Rs 3700 per barrel levels though the counter failed to surpass the previous close. The intraday movement has been quite choppy with a range of just Rs 32 prevailing in the benchmark MCX futures. The global prices were not able to find a direction ahead of the US weekly inventories data and though the benchmark NYMEX futures scaled up from a low of $81.05 per barrel, the overall movement has been quite uneven.
Yesterday, crude oil settled slightly lower as the stronger dollar weighed on prices, though futures hovered near their highest point in eight weeks, with the front-month contract holding above $80 a barrel for the fifth day in a row. The U.S. Department of Energy (DOE) said in its Short-term Energy Outlook that they expect world oil demand to increase from 84.0 to 85.5 million barrels per day in 2010, up from last month’s estimate of 85.3 mbd. Read More »
(No Ratings Yet) Loading ...Sugar shares hammered commodity live news
Mar 10th
Sugar shares hammered commodity live news
(10-Mar-2010 , 17:16 Hours IST)
The key benchmark indices eked out small gains mimicking mild gains in global stocks. US index futures were flat. The BSE 30-share Sensex rose 45.79 points or 0.27%, off close to 70 points from the day’s high and up 64.24 from the day’s low. The market breadth was weak after a strong start. Auto stocks edged higher on fresh buying. Banking shares were mixed. Telecom pivotals saw divergent trend. IT stocks declined on profit taking after recent gains triggered by upbeat US jobs data. Read More »
(No Ratings Yet) Loading ...Metal, IT stocks edge lower share market live news
Mar 10th
Metal, IT stocks edge lower share market live news
(10-Mar-2010 , 14:31 Hours IST)
The key benchmark indices failed to sustain higher level as selling pressure emerged in metal and IT stocks. A muted initial response the follow-on public offer of NMDC weighed on sentiment. The BSE 30-share Sensex was up 2.03 points or 0.01% to 17,054.57, off 128.94 points from the day’s high and up 26.65 points from the day’s low. European markets were trading lower. Most Asian stocks rose, reversing initial losses. Read More »
(No Ratings Yet) Loading ...Breadth turns negative share market news updates
Mar 10th
Breadth turns negative share market news updates
(10-Mar-2010 , 13:28 Hours IST share market live news updates)
The key benchmark indices trimmed intraday gains as profit taking emerged at higher level after recent strong post-Budget gains. A muted initial response the follow-on public offer of NMDC also weighed on sentiment. The BSE 30-share Sensex was up 42.49 points or 0.25%, off close to 90 points from the day’s high and up close to 65 points from the day’s low. Asian stocks were mixed. US index futures were trading lower.
The market breadth turned negative, reversing a strong breadth earlier in the day. Metal and banking stocks fell. But, consumer durables and FMCG stocks rose. Index heavyweight Reliance Industries pared early gains triggered by buzz that the firm is close to striking hydrocarbon at its Palar deepwater block in the Cauvery basin. Read More »
(No Ratings Yet) Loading ...Cement, auto stocks nudge higher share market live news
Mar 10th
Cement, auto stocks nudge higher share market live news
(10-Mar-2010 , 12:34 Hours IST share market news updates Navia Markets)
The key benchmark indices were off the day’s high as profit taking emerged at higher level after recent strong post-Budget gains. The BSE 30-share Sensex was up 76.77 points or 0.45% to 17,129.31, off 54.20 points from the day’s high and up 101.39 points from the day’s low. Most Asian stocks rose, reversing initial losses.
Though still positive, the market breadth was not as strong as in early trade. Cement stocks gained on recent reports of prices likely to rise by Rs 5-25 per 50-kg bag. Auto stocks also edged higher on fresh buying. Telecom pivotals saw divergent trend. Index heavyweight Reliance Industries advanced over 2.5%, moving past the Rs 1000 mark on reports the firm is close to striking hydrocarbon at its Palar deepwater block in the Cauvery basin. Read More »
(No Ratings Yet) Loading ...Sugar shares defy firm market share market live news
Mar 10th
Sugar shares defy firm market share market live news
(10-Mar-2010 , 11:32 Hours IST share market news updates Navia Markets )
The key benchmark indices pared gains after hitting fresh intraday highs in morning trade. The BSE 30-share Sensex was up 104.67 points or 0.61% to 17,157.21, off 26.30 points from the day’s high and up 129.29 points from the day’s low.
The market breadth was strong. Index heavyweight Reliance Industries advanced over 2.5%, moving past the Rs 1000 mark on reports the firm is close to striking hydrocarbon at its Palar deepwater block in the Cauvery basin. Consumer durables stocks gained on hopes rise in disposable income following widening of tax slabs in the Union Budget 2010-11 may boost sales. Auto stocks gained on fresh buying. However, sugar shares declined after sugar futures sank to 7-month lows as traders braced for additional supplies from a new harvest season. Read More »
(No Ratings Yet) Loading ...RIL leads rally share market live news updates
Mar 10th
RIL leads rally share market live news updates
(10-Mar-2010 , 10:33 Hours IST share market news Navia Markets Ltd)
Buying demand in index pivotals led by index heavyweight Reliance Industries (RIL) pushed the key benchmark indices to the day’s high in morning trade. Asian stocks were trading mixed. The BSE 30-share Sensex was up 121.54 points or 0.71% to 17,174.08.
The market breadth was strong. Realty shares gained on buzz of price hike. Infrastructure stocks gained following the government’s thrust on the infrastructure sector in last month’s Budget. Auto stocks gained on fresh buying. Index heavyweight Reliance Industries (RIL) rose over 2% to move past the Rs 1000 mark. Read More »
(No Ratings Yet) Loading ...Market seen opening on a steady note amid mixed global cues share market news updates
Mar 10th
Market seen opening on a steady note amid mixed global cues share market news updates
(10-Mar-2010 , 08:48 Hours IST share market news updates Navia Markets Ltd)
A lacklustre opening on the bourses is likely in the absence of concrete direction from global markets. Most Asian stocks were trading lower on Wednesday even as US markets ended slightly higher on Tuesday. The S&P CNX Nifty futures for March 2010 expiry were up 7 points in Singapore.
State-run miner NMDC’s follow-on offering (FPO) opens for bidding today, 10 March 2010 and will close on Friday, 12 March 2010. The price band has been fixed between Rs 300 and 350. Ahead of the issue, the NMDC stock had tumbled 6.23% to Rs 375.65 on Tuesday, 9 March 2010. The offer represents 8.38% of the outstanding equity share capital of the company with a reservation of 17.43 lakh shares for eligible employees. Read More »
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