MCX Crude oil price has come
down close to Rs 4,600. In the international market, crude oil is
trading at the lower levels of the last 2 months. However at NYMEX
crude oil is trading at lower levels. The storage of crude oil in the
America has once again gone up in the market. It has been the highest
in the last 15 months. The recession trend is being observed in the
China's service sector. Elections are too going to take place in the
America.
Rupee has put the pressure on
the MCX gold and silver trading. Both the commodities are trading
after the down fall. MCX base metals are trading in the green zone
which is a good sign for the market.
While on other hand some important and most expected steps have been
taken in India for the growth of Economy. Due to these steps the BSE
Sensex closed at 19058 while the 50 shares NSE Nifty at 5788. Both
were at the highest after the April 2011.
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