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Crude oil settled up 1.49% at 5672 after hitting an overnight session low of 5551 a barrel on Monday rebounded after industry data on U. S. stocks showed a sizeable drawdown in the past week. Prices moved off nine-month lows brushing off weak Chinese import data and Friday's soft U. S. jobs report on hopes weekly supply data will reflect solid demand in the world's largest consumer of crude. The API said late Tuesday that last week crude stocks fell by 1.9mbls, gasoline inventories rose by 719kbls, and distillate supplies rose by 1.7 mbls.

Silver settled up 0.35% at 41951 as support seen from Comex Silver which settled above 19.03 hold near to a three-month low as the dollar strengthened and as signs of progress toward peace in Ukraine reduced the need for haven assets. Rupee saw its biggest single-day decline in more than a month on Tuesday as investors covered short dollar positions following a Federal Reserve study, while losses in the domestic share market also hurt sentiment.

Gold settled up 0.21% at 27261 recovered from the day's low as support seen from the Rupee's biggest single-day decline in more than a month as investors covered short dollar positions following a Federal Reserve study, while losses in the domestic share market also hurt sentiment. While pressure seen in the earlier trades as Comex Gold fell below $1,250 an ounce on Tuesday, as technical selling and speculation that the U. S. Federal Reserve and other central banks would hike interest rates earlier than expected sent prices to a three-month low.

New Delhi: Domestic passenger car sales grew by 15.16 percent to 1,53,758 units in August this year as compared to 1,33,513 units in the same month of 2013.

According to the data released by the Society of Indian Automobile Manufacturers (SIAM), motorcycle sales during the month grew by 14.45 percent to 9,10,312 units as against 7,95,411 units in August last year.

Total two-wheeler sales in August 2014 grew by 19.22 percent to 13,45,506 units from 11,28,631 units in the same period of the previous year.

Total sales of commercial vehicles were down by 5.59 percent to 48,473 units from 51,344 units in the year-ago period, SIAM said.

Mumbai: The rupee weakened by 23 paise to 60.83 against the US currency in early trade Wednesday at the Interbank Foreign Exchange market due to dollar's gains against other currencies overseas.

Forex dealers said besides strengthening of dollar, increased demand for the American unit from importers and a weak opening in the domestic equity market put pressure on the rupee.

The domestic currency had lost 31 paise, its biggest daily loss in over a month, to close at 60.60 against the US dollar in yesterday's trade on concerns US interest rates may rise sooner than investors had anticipated.

Mumbai: The benchmark BSE Sensex extended Tuesday's losses by declining over 130 points in opening trade on Wednesday as funds and investors indulged in booking profits in recent gainers amid a weak trend overseas.

The 30-share barometer, which had lost 54.53 points in the previous session, fell by 130.78 points, or 0.48 percent, to 27,134.54.

All the sectoral indices, except healthcare, were trading in negative zone with losses up to 0.97 percent. Also, the broad-based National Stock Exchange index Nifty shed 36.15 points, or 0.44 per cent, to 8,116.80.