Wednesday, June 16, 2010


After las t volatility of stock market the current stage may comes as big relief for all traders .
Shares of many lil companies have gained sharpy and suddenly ,outperforming the broder market by a wide margin.

gap between large-cap and small- and mid-cap stocks is so huge that retail investors tend to flock to the latter in a rising market. 
On tuesday BSE climbed up for a fifth session in it's longest winning stakes in TWO MONTHS.

Pineer AMC of baroda launched an open ended income scheme that will invest in short term debt and money market instruments, having residual maturity of up to 3 years.
In last few days RIL performed really good after the patch up of ambani brothers.
As Indian equity market in showing higher volatility and hinting consolidation from it's current level, The GOLD PRICES once again believe to scale up and suppose to amek new hikes in near future .

Because of uncertainties in the Eurozone, investors are shifting their portfolios to safe havens like gold. Stock markets have been choppy in recent times as people are pulling out money and these funds are coming in gold. For the next 15 days, gold prices will be in the range of Rs 18,000-19,000 per 10 grams.
It is further believed that the sustained weakness in the Eurozone will bring in fresh fears of return on investments and once again the gold prices will head towards north, hitting up to Rs 20,000 in the near term. 

Crude oil futures traded marginal gains in the morning session at the MCX counter Tuesday. It is expected to face a resistance near Rs 3525 per barrel in the intraday trade

SILVER 999 grade slipped by Rs 50 in the opening trade. Later, it improved by Rs 40 per kg to close at Rs 29,705 on scattered demand from local dealers.

However, standard and pure gold opened at Rs 18,625 and Rs 18,715 per ten gm respectively, up by Rs 10 each.

At the end of the day, standard gold and pure gold declined by Rs 35 per ten gm each on heavy selling pressure from stockists.

Standard gold and pure gold ended in red at Rs 18,580 and Rs 18,670 per ten gm respectively, traders added.

In the global markets, both the metals dipped as Gold declined to USD 1,222.00/1,222.02 per troy ounce and Silver fell at USD 18.38/18.40 per troy ounce from their previous day's levels, traders added.

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