Risk aversion and stronger dollar have victimized base metals complex. We have seen sharp correction in copper, nickel, zinc and lead. Despite of drawdown in inventories, copper prices plummeted on LME.
Industrial metals slid on Monday with copper tumbling about 5 percent as skidding equities underlined concern about the economy and demand, while a stronger dollar exerted downward pressure. Copper inventories in LME warehouses fell by 7,300 tonnes to 462,325 tonnes, having dropped nearly 80,000 tonnes since mid-February. Cancelled warrants stocks earmarked for delivery rose to 68,325 tonnes from 64,400 tonnes on Friday.
After a steep decline in price during last week, demand from India was seen improving due to Akshaya Tritya festival and U. S. stocks broadly dropped more than 3 percent, stirred by worries that problems would persist for the struggling banking sector which led to sharp upside in precious metals. Every time risk aversion has risen, we have seen precious metals moving up.
According to a survey published on Tuesday about 5.6 million people in the U. S. have some form of paralysis and nearly a quarter of them have suffered spinal cord injuries.
The survey by Anthony Cahill of the University of New Mexico and colleagues reported that the largest group of 29 % were paralyzed or partly paralyzed by stroke and spinal cord injuries affected 23 %.
The study was funded by the Christopher and Dana Reeve Foundation, which was set up by the actor who was paralyzed in a horse-riding accident in 1995 and died in
2004 while Dana Reeve died from lung cancer in 2006.
The benchmark indices ended with modest loss and were trading volatile throughout the session. The Sensex closed 81 points lower at 10,898 after hitting an intraday high of 11,068 and low of 10,764. The Nifty was down 12 points to settle at 3,365. It touched an intra-day high of 3,414 and low of 3,309. Among the broader indices the BSE Midcap Index was down 5 points while Smallcap Index shut at up at 17 points. The selling was seen in shares of major banking, capital goods, metal and auto companies and buying was witnessed in select telecom, reality and FMCG sectors. The market breadth was slightly weak and the volumes are on the lower side.
Image Search and Google News Timeline are the two new products that Google unveiled on Tuesday. In addition to these, Google has also refurbished its Google Labs site.
Though seemingly quite interesting, the two new products are not 100 percent refined and are somewhat imperfect in their capabilities - but then, Google says, that's exactly the idea! According to R J Pittman, director of product management for Google's consumer-oriented technology, rather than presenting a perfectly 'complete' product,
Google prefers gathering feedback quickly and making the adjustments required in its new products.
Risk aversion and stronger dollar have victimized base metals complex. We have seen sharp correction in copper, nickel, zinc and lead. Despite of drawdown in inventories, copper prices plummeted on LME.
After a steep decline in price during last week, demand from India was seen improving due to Akshaya Tritya festival and U. S. stocks broadly dropped more than 3 percent, stirred by worries that problems would persist for the struggling banking sector which led to sharp upside in precious metals. Every time risk aversion has risen, we have seen precious metals moving up.
According to a survey published on Tuesday about 5.6 million people in the U. S. have some form of paralysis and nearly a quarter of them have suffered spinal cord injuries. 
The benchmark indices ended with modest loss and were trading volatile throughout the session. The Sensex closed 81 points lower at 10,898 after hitting an intraday high of 11,068 and low of 10,764. The Nifty was down 12 points to settle at 3,365. It touched an intra-day high of 3,414 and low of 3,309. Among the broader indices the BSE Midcap Index was down 5 points while Smallcap Index shut at up at 17 points. The selling was seen in shares of major banking, capital goods, metal and auto companies and buying was witnessed in select telecom, reality and FMCG sectors. The market breadth was slightly weak and the volumes are on the lower side. 
Image Search and Google News Timeline are the two new products that Google unveiled on Tuesday. In addition to these, Google has also refurbished its Google Labs site. 
