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Thursday, April 19, 2012

Precious metals drop

Both gold and silver prices shed around 0.7%

Bullion metal prices ended lower on Wednesday, 18 April 2012 at Comex. Prices fell as physical demand of gold seemed to drop. A steady dollar also restricted price rise. Prices fell in tandem with equities, which slipped over disappointing earning reports.

Gold for June delivery ended lower by $11.5 or 0.7%, to end at $1,639.6 an ounce on the Comex division of the New York Mercantile Exchange on Wednesday. The metal had gained 1.8% last week.

Markets expect cautious start

The Indian markets may start today's trading session on a flat to positive note as volatility still lingers. SGX Nifty is up by 17.50 points.

Headlines for the day:

HC sets aside contempt order against IFCI, its CEO.
FDI up 74% in Feb to $2.21 bn.
Wipro to be title sponsor of San Francisco Marathon.
RBI cuts bank rate to 9%.

Titan Industries, Economy

Titan Industries, Economy

Top Picks

Top Picks

Tata Motors, Ashok Leyland, NIIT Technologies, Wockhardt

Tata Motors, Ashok Leyland, NIIT Technologies, Wockhardt



Better Trades for the day - Apr 19 2012

Global Cues:

The European stocks fell on Wednesday (April 18, 2012), FTSE100 fell by 0.38%, CAC40 down by 1.59% and DAX declined by 1.01%.

The US stocks closed lower on Wednesday. Dow Jones fell by 0.63% and Nasdaq down by 0.37%.

The Asian shares are trading mixed on Thursday (April 19, 2012). SGX Nifty up by 17.50 points.

Events for the day:

Results: IndusInd Bank, ACC, Ambuja Cements, Hindustan Zinc

SGX Nifty Live Update - Apr 19 2012

5336.00 +23.75 (+0.45%)