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Equity and Commodity market.
Here we are providing some Mcx Tips :
ASIAN STOCK
Asian shares edged higher on Wednesday on hopes the U.S.
central bank has left the door open for more stimulus measures later in the
year, after chairman Ben Bernanke outlined a gloomy view of the U.S. economic
recovery.
U.S.STOCK
U.S. stocks rose on Tuesday after Coca-Cola and Goldman
Sachs joined the growing roster of S&P companies that beat profit forecasts
and as Federal Reserve Chairman Ben Bernanke left the door open to more
stimulus.
DOLLAR
The dollar also reversed losses against the Swiss franc
to trade 0.5 percent higher at 0.9836 franc, gaining 0.3 percent versus
sterling, and 0.4 percent versus the New Zealand dollar.
EURO
The euro rose off an overnight low of 78.27 pence versus
sterling, its lowest since November 2008. It was last buying 78.49 pence.
U.S.CRUDE
U.S. August crude pushed up 79 cents to settle at$89.22 a
barrel, having fallen to $87.41 before reaching the $89.46 intraday peak after
the initial Bernanke-induced slump.
OIL
Oil prices rose for the fifth straight session on
Tuesday, after U.S. Federal Reserve Chairman Ben Bernanke left the door open
for more monetary stimulus but gave no signal on whether the Fed was closer to
such a move.
COPPER
Copper traded higher on Wednesday in what traders
described as a technical rebound following a fall of 1.2 percent in the prior session
after U.S. Federal Reserve Chairman Ben Bernanke gave few concrete hints of
future stimulus measures for the world’s largest economy.
GOLD
Gold stayed put above $1,580 an ounce on Wednesday, after
dropping in the previous session when the U.S. Federal Reserve Chairman Ben
Bernanke disappointed gold bugs by offering no signs of imminent monetary
stimulus measures.
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Sensex, Nifty snap three sessions of losses to close higher.
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