Rajini Panicker, head of commodities research at MF Global Commodities India recommended a short on Multi Commodity Exchange (MCX) crude oil contract at levels of 4,120 for a stop loss of Rs 4,185 per barrel and target of Rs 3,920-3,900 per barrel levels. She told CNBC-TV18, “At levels of 4,120, the October crude would be [...]

Let’s forget about Greece for the moment. Or even the US for that matter. What else is going wrong in the global economy that’s causing global markets to head southwards so sharply? The S&P 500 is down almost 10% for the year. But, the BSE-Sensex is down over 20% year to date (YTD). China and [...]

Indian stock markets traded in the red throughout today’s trading session. The indices opened on a weak note and selling pressure intensified in the ensuing hours pushing the indices deeper into the red. That said, in the afternoon session, investors resorted to buying at lower levels which resulted in the markets paring some losses. However, [...]

LONDON: World stocks came off their lows and the euro inched up from an earlier 10-year trough against the yen on Monday as speculation that the European Central Bank might cut interest rates to help the economy countered concern over the euro zone debt crisis. Concerns about the global economic slowdown have not gone away, [...]

Prices of gold and silver plunged on Monday as investors liquidated their positions on fears of an impending recession. US gold dropped 2% to USD 1,607.2 per ounce, while US silver shed 6.6% to USD 28.10. David Lennox, analyst at Fat Prophets, in an interview to CNBC-TV18, gave his view on how precious metals will [...]

Even as metal prices weaken, the company’s zinc, lead & silver businesses should provide cushion. With declining base metal prices on the London Metal Exchange (LME), the stock of Sterlite Industries has lagged the broader market since end-July. It has lost almost 32 per cent in the past two months, including 4.5 per cent on [...]

NEW DELHI: Shares of Sterlite Industries & Hindalco touched their 52-week low on Monday as copper prices extended losses today. “Copper extended losses as fears of a Greek default stirred worries of a global recession, which could slow industrial use, a scenario underlined by copper’s sharpest weekly fall in nearly three years last week,” according [...]

Copper, the bellwether for all base metals, is sensitive to the changes in world economic outlook. No surprise, then, that this growth-sensitive commodity sank to its lowest in 10 months, triggered by the US Fed missive on the economy’s downward risk, debt concerns in Greece, Spain and now Italy, slowing industrial output in the euro [...]

Hindustan Copper Ltd, the only miner of the metal in India, feels that copper is set to continue in comfortable zone for some more years despite fears of global recession keeping prices volatile for sometime. “Globally, price of copper is expected to remain high in the next 3-4 years. The present scenario is highly favourable [...]

Strike over pay still ongoing, output not at maximum * Returning workers are contractors, union says * Workers say any output cannot be shipped due to strike * Copper prices at lowest this year (Adds company memo, port comment) By Rieka Rahadiana JAKARTA, Sept 19 (Reuters) – More than a thousand workers have returned to [...]

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