Oil prices fell after the US Senate rejected a $14bn bail-out plan for the carmakers' sector, a move that weighed heavily on sentiment towards commodities.
Crude oil prices zoomed to news highs closing in on the $47/barrel mark after supply concerns from Venezuela and Iraq. The US Nymex crude has advanced 27 cents to $46.85/barrel in intra-day trades.\n\n
Reliance Money, India's comprehensive financial services and solutions provider, has tied up with Chicago-based Alaron Trading Corporation, a global, full-service commodity futures brokerage firm.
Crude oil prices continued to retreat on Thursday, in spite of Opec announcing the largest supply cut in the cartel's history on Wednesday in its latest effort to stabilise the market.
The 30-share Sensitive Index or Sensex ended the weak in the negative region. It tanked 620 points to close at 13,802, a loss of 4.3% compared to Thursday's close.
Oil prices slid to a three-week low on Wednesday on expectations of falling global demand after India , the world's sixth largest oil and gas consumer, lowered its fuel subsidies.
Gold prices gained marginally, in an otherwise listless and cautious trading on the bullion market in Mumbai on Saturday owing to stray buying support.
The Multi Commodity Exchange of India has decided to start a one-year full-time certificate course on commodities in March this year in Mumbai.
Gold prices fell further at the local bullion market on Saturday due to reduced off-take by stockists as well as lack of local buying support at the existing levels.
Multi Commodity Exchange of India Ltd has emerged the second largest Natural Gas Exchange globally, next to New York Mercentile Exchange.
Here is an astonishing fact: on December 10 1998, the spot price for a barrel of West Texas Intermediate crude was exactly $10 and ninety eight cents. Nearly 10 years and one thousand and sixty two per cent later, it is time to ask some impolite questions about oil. Impolite questions are not always obvious questions, though.
Gold jumps on good seasonal support; silver extends losses.
Gold closed at its highest level in nearly two weeks.
The markets opened in red mirroring the global trend.
Gold for August delivery jumped $8.70 to settle at $1,292.90 an ounce on the Comex division of the NYMEX late on Friday.
The noble metal costs Rs at 26,755 per 10 gms.
Gold prices firm up on global cues.
The price of oil fell in markets around the world on Thursday, from New York to London and Tokyo, as the long-awaited US-led war against Iraq began .
Recovery in bluechips and gains in European markets helped the rally.
ONGC was gladdened by the rise in crude oil prices by 77 cents to $27.68 barrels on the Nymex crude futures even as the rest of the market found that depressing.
The rupee had gained two paise to close at one-month high of 62.14 against the dollar in Tuesday's trade.
Petrol and diesel are among the 90-plus commodities that have been approved by the government for derivatives trading
The S&P BSE Sensex ended up 129 points at 26,843 and the Nifty50 ended up 39 points at 8,220.
The S&P BSE Sensex has gained 149 points to open at 25,802.
FII stance, progress of monsoon, crude oil and rupee movement are likely to dictate the trend.
Bank shares were the top gainers led by ICICI Bank.
The FMCG index gained more than 1% on the back of stellar gains in ITC.
A steep decline in the Asian equities after crude oil fell to its lowest since September 2003 dented sentiments.
The benchmark BSE Sensex ended down 2.23 per cent. The Bank Nifty fell 3.59 per cent.
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