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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

HDFC Bank


HDFC Bank

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%)