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Wednesday, March 02, 2011
Precious metals rise substantially higher
Silver rises to fresh thirty-two year high
Precious metals ended considerably higher on Tuesday, 01 March 2011 at Comex. Geo-political tensions and comments by the Fed Chairman took prices higher to fresh highs. Prices rose despite a steady dollar.
Tuesday, March 01, 2011
US stocks end February with good gains
Economic data and crude price pull up stocks
US stocks ended with good gains on Monday, 28 March 2011. Nasdaq also joined the other two major indices to end in the green after staying in the red for most part. Better than expected economic data took stocks higher today. Crude prices paring earlier gains and slipping modestly lower also added to the momentum.
Market may extend gains on firm Asian stocks
The market may extend gains for the third straight day toady, 1 March 2011, on firm Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 47 points at the opening bell. As per provisional figures foreign funds sold shares worth Rs 39.86 crore and domestic funds bought shares worth Rs 317.38 crore on Monday when stocks had risen in choppy trade after Finance Minister Pranab Mukherjee laid stress of infrastructure and agriculture in Union Budget 2011-2012. Auto and cement stocks will be in focus as companies start unveiling sales data for the month just gone by.
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