TopNews

Copper erased earlier losses to end up as the dollar slumped and prospects for additional monetar

Crude oil settled positive but trimmed some of its gains as forecast that U.S. gasoline inventories swelled to their highest levels in six months. Qatar Oil Minister Abdullah al-Attiyah said he does not expect OPEC to make changes in its output quotas when the group meets in Vienna on Oct. 14. Libya, Iraq, Ecuador and Kuwait have all said they see no need for a change. Now support for the crude is seen at 3449 and below could see a test of 3420. Resistance is now likely to be seen at 3498, a move above could see prices testing 3518.

Trading Ideas:

Crude trading range is 3420-3518.

Silver ended higher closing near its record high above 33000 level, looks set to continue benefit

Gold settled higher as investors bet the metal will hold its value more strongly than currencies and st

After a lot of hullabalu around the Bhopal gas tragedy, the government has finally taken a step which is worth noting. The group of ministers (GoM) has vetoed a request that asked for dumping3 47 metric tonnes of toxic waste of the Union Carbide’s Bhopal plant at Pithampur-based Treatment Storage Disposal Facility (TSDF) in Dhar district of Madhya Pradesh.

Talking to media, Babulal Gaur, urban administration and development minister in the Madhya Pradesh government said that the GoM has decided against dumping of toxic as it will lead to serious concerns about the environment.

The Enforcement Directorate (ED) has informed the Supreme Court (SC) that the investigations into the alleged 2G scams are already ongoing. And the people that are being investigated are the telecom minister, A Raja along with some of the senior officials of the ministry.

It is being looked at as to whether the accused have violated the provisions of the Prevention of Money Laundering Act (PMLA).