Mumbai - Gold, silver futures tradedlower on Multi Commodity Exchangeon weak overseas market coupled with profit taking from higher level onWednesday. Gold futures traded higher on buying support in the previoussession. In the overseas market precious metals traded…See More

London - Spot Goldis trading marginally higher Wednesday morning, with marketparticipants awaiting the Federal Reserve's rate announcement they saidshould set the tone for the days ahead.While traders and analysts aren't expecting any surprises from the U.S. Federal Reserve Open MarketCommittee meeting result, due around 1815 GMT,…See More

Indian markets edged higher and closed positive yesterday on better-than-expected Chinese exports and assurances from the Fed Reserve Chairman Bernanke that the US economic recovery was on a solid footing. Moreover, the European markets, which opened negative, turned positive later, ahead of the interest rate decisions by the European Central Bank and Bank of England which led the market to close positive. All sectoral indices ended positive with auto, metals and real estate stocks leading the…See More

TheNifty continued to face resistance in the 5100-5150 range. Nifty futures saw amarginal open interest (OI) addition of 1.26-lakah shares, with futurescontinuing to trade at a discount of over 4 points to the index. The Nifty Marchseries PCR inched up to 1.51 levels.Incidentally, over the past few sessions, 5100 and 5200 strikes have been seeing a significant call-writing, indicating good resistance at higher levels. The cumulative call OI in those twostrikes now stands at over 1.24 crore…See More

It’s the timing of the government’s decision, to make it mandatory for all listed companies to have a minimum float of 25%, that’s surprising. It’s hard to understand why the government wants to flood the market with paper right now---$13 billion has to be raised in the next twelve months since companies have to increase their float by 5% every year while the total value of paper to be offloaded is about $32 billion. It’s as though there aren’t enough companies waiting to mop up money to fund…See More