TopNews

Nickel yesterday traded with the negative node and settled -1.14% down at 1153.5 LME nickel prices fluctuated, with the highest at USD 25,999/mt and the lowest at USD 25,680/mt. Spain and Italy shall sell bonds on Thursday night and a large amount of debt in the euro zone will come due during the remaining 2011, which will possible weigh on base metal prices. In addition, market speculated that prices of NPI from China may grow due to coke price hike caused by floods in Australia. In this context, LME nickel prices will receive certain support. In yesterday's trading session nickel has touched the low of

Zinc yesterday traded with the positive node and settled 0.14% up at 111.1 on weakness in dollar index

Copper yesterday traded with the negative node and settled -0.55% down at 438.95 after two days

Crude Oil traded in the line of expectation not making much change and traded in the range 4120-4170 pressure can be seen after a bigger-than-forecast increase in U. S. jobless claims signaled that demand may be slow to rebound in the biggest crude-consuming nation where demand for petroleum products has tumbled 8.2 percent in the past two weeks. Now technically market is trading in the range as RSI for 18days is currently indicating 57.07, where as 50DMA is at 3978.06 and crude is trading above the same and getting support at 4124 and below could see a test of 4098 level, And resistance is now likely to be seen at 4174, a move above could see prices testing 4198.

Silver opened lower at 44956 and got support from better than forecast debt auctions by Spain an

The members of Nadar community staged protest against Karthi’s residence in T. Nagar this morning at Chennai. Karthi’s upcoming film Siruthai features him in the role of a pickpocket named ‘Rocket Raja’, which happens to be the name of their community leader as well. Since the film’s teaser shows the character in a bad light, the members were infuriated feeling that their leader’s name has been damaged.

The members raised slogans against Karthi and the entire crew of Siruthai insisting them to remove the name ‘Rocket Raja’.