Tuesday, April 19, 2011
Both gold and silver witness record close for fourth straight day
Precious metals ended substantially higher on Monday, 18 April 2011 at Comex. It was fourth consecutive day of straight gains for the bullions. Prices rose on inflation concerns as investors sought to bullions as a safer investment option after Standard and Poor revised its outlook for U.S. debt to negative from stable, casting a pall over the finances of the world's largest economy. Gold also caught a tailwind from concerns about Finland and Greece.
Prices drop as S&P cuts its outlook for U.S. debt to negative from stable
Demand concerns pushed down oil prices on Monday, 18 April 2011 at Nymex. Prices dropped after Standard and Poor revised its outlook for U.S. debt to negative from stable, casting a pall over the finances of the world's largest economy. Prices also dropped due to a strong dollar.
The market may extend last two days losses tracking weak Asian stocks triggered after rating agency Standard & Poor's lowered its U.S. credit outlook to negative. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 43 points at the opening bell.
Foreign institutional investors (FIIs) sold shares worth Rs 981.56 crore and domestic institutional investors (DIIs) bought shares worth Rs 661.47 crore on Monday, 18 April 2011, provisional data released by the stock exchanges showed.
The Indian markets closed the session with heavy losses for the second day as technology shares continue to weigh
IFCI Q4 net profit dips 4%
Indusind Bank net profit soars 75% in Q4
HDFC Bank net profit up 33% in Q4