New Delhi: Emerging markets are going on for a ride and India could be one of the hottest pieces of the pie to have right now, says US-born investment guru Jim Rogers. Indian blue chip indices have surged over 50 per cent from their March lows, and midcap and smallcap indices have seen an even better rally climbing up to 80 per cent, thanks to support from the central bank and hopes of a Covid-19 vaccine. “There is so much money being printed nearly everywhere and spent. So it has got to go somewhere. Emerging markets were also beaten down a lot. So we are seeing them rally. Look at what is happening in India. Everyone is investing there now. It is hot,” said Rogers, who co-founded Quantum Fund and Soros Fund Management. The septuagenarian investor, however, said currently he is not invested in India and he rues it. He partly blamed his laziness for this. “Clearly, anybody who is invested in India has been very smart and very wise,” he said in a telephonic interview from...

'There's a bubble developing in different parts of the world. Some of the US stocks that seem to never go down currently, are going to go down a lot some day and many people are going to suffer. '

NEW DELHI: Barring CPO all commodities were trading with cuts on Thursday as the US Fed disappointed the Street as it did not announce any additional stimulus measure. Gold was down 0.69 per cent while silver dipped 1.28 per cent. In the base metal block, all counters were down with nickel falling the most at 1.21 per cent. Crude oil was down 0.75 per cent and its peer natural gas was down 0.35 per cent. NCDEX Agridex, an agricultural futures index that tracks the performance of the ten liquid commodities, was up 0.64 per cent or 7.30 points at 1,146.65 led by gains in chana and guar gum. Here is how SMC Global expects commodities to fare today: Bullion: Bullion counters may post correction from higher levels where gold may test Rs 51,200 and facing resistance near Rs 52,200 while silver may test Rs 67,580 and facing resistance near Rs 69,100. Base metals: Base metals may trade sideways with a bearish bias where Copper can move towards Rs 520 and facing resistance near Rs...

Globally, gold prices eased as the U.S. dollar firmed, although doubts over a swift global economic recovery and the Federal Reserve's pledge to hold interest rates near zero until at least 2023 limited losses for the safe-haven metal.

Gold prices eased on Thursday as the U.S. dollar firmed, although doubts over a swift global economic recovery and the Federal Reserve's pledge to hold interest rates near zero until at least 2023 limited losses for the safe-haven metal. FUNDAMENTALS Spot gold was down 0.3% to $1,954.42 per ounce by 0034 GMT, after hitting its highest since Sept. 2 at $1,973.16 on Wednesday. U.S. gold futures fell 0.4% to $1,962.90. The dollar index rose 0.1% against its rivals, making gold more expensive for holders of other currencies. Longer-term U.S. Treasury yields hit their highest levels this week. The Fed signalled on Wednesday it expects the U.S. economic recovery from the coronavirus crisis to accelerate with unemployment falling faster than the central bank expected in June.

Prices were mostly in negative ground in early trade after a bigger than expected rise in US distillate stockpiles, which include diesel and heating oil, raised alarm about fuel demand in the world's biggest economy

US crude stocks fell 4.4 million barrels last week to 496 million barrels, their lowest since April, the US Energy Information Administration said, compared with analysts' expectations in a Reuters poll for a 1.3 million-barrel rise.

On the Multi Commodity Exchange, zinc contracts for the September delivery traded higher by 90 paise, or 0.46 per cent, at Rs 195.20 per kg with a business turnover of 3,130 lots.

On the Multi Commodity Exchange, nickel contracts for the September delivery traded down by Rs 1.60, or 0.14 per cent, to Rs 1,118.00 per kg with a business turnover of 1,641 lots.

New Delhi: Aluminium prices on Wednesday edged up 0.24 per cent to Rs 145.90 per kg in the futures trade as speculators built up fresh positions amid a positive trend in spot market. On the Multi Commodity Exchange, aluminium contracts for the September delivery gained 35 paise, or 0.24 per cent, to Rs 145.90 per kg in a business turnover of 717 lots.

West Texas Intermediate crude oil rose by 2.80 per cent to USD 39.35 per barrel, while Brent crude was trading up 2.49 per cent at USD 41.54 per barrel in New York.

NEW DELHI: Silver prices on Tuesday rose by Rs 57 to Rs 68,328 per kg in futures trade as participants widened their bets on firm spot demand. On the Multi Commodity Exchange, silver contracts for December gained Rs 57, or 0.08 per cent, to Rs 68,328 per kg in 16,160 lots. Analysts said the rise in silver prices was mostly due to fresh positions built up by participants on a positive domestic trend.

NEW DELHI: Commodity futures on MCX were trading mixed in Wednesday’s trade as traders waited for the US Federal policy meeting outcome scheduled later in the day. Gold was up 0.14 per cent while silver dipped 0.04 per cent. In the base metal block, all counters were flat with aluminium and lead with positive bias while other trading with negative bias. Crude oil was up 1.59 per cent and its peer natural gas was up 0.11 per cent. NCDEX Agridex, an agricultural futures index that tracks the performance of the ten liquid commodities, was down 0.29 per cent or 3.25 points at 1,136.10 led by gains in cotton seed oilcake and jeera. Here is how SMC Global expects commodities to fare today: Bullion: Bullion counters may post correction from higher levels where gold may test Rs 50,800 and face resistance near Rs 52,180 while silver may test Rs 67,780 and face resistance near Rs 69,100. Base metals: Base metals may trade sideways with a bearish bias where copper can move towards...

Gold prices eased on Wednesday, retreating from a near two-week high hit in the previous session, as the dollar gained ahead of a U.S. Federal Reserve policy decision due later in the day. FUNDAMENTALS Spot gold was down 0.2% to $1,952.15 per ounce by 0026 GMT, after hitting its highest since Sept. 2 at $1,971.71 on Tuesday. U.S. gold futures fell 0.3% to $1,960.50. The dollar index rose against its rivals, making gold more expensive for holders of other currencies. Asian shares were set for a mixed open, although upbeat Chinese and U.S. economic data is likely to give sentiment a tailwind.

TOKYO: Oil prices rose on Wednesday, extending gains from the previous session, as a hurricane disrupted U.S. offshore oil and gas production and an industry report showed a big drop in U.S. crude stockpiles. Brent crude was trading up 15 cents, or 0.4%, at $40.68 a barrel by 0055 GMT, while U.S. crude gained 18 cents, or 0.5%, to $38.46 a barrel. Both contracts rose by more than 2% on Tuesday. More than 25% of U.S. offshore oil and gas output was shut and export ports were closed on Tuesday as Hurricane Sally sat just off the U.S. Gulf Coast. "Our current estimate for the total outage associated with the Sally weather system is between 3 million and 6 million barrels of oil over approximately 11 days," Rystad Energy said in a note. That is likely to help reduce stockpiles although refineries were also shut down, cutting demand for oil. U.S. crude oil inventories fell by 9.5 million barrels last week, although gasoline inventories increased, data from industry group the...

Retail onion prices have risen to Rs 50 per kg at some places in the country while wholesale prices have doubled in the benchmark Lasalgaon market in Maharashtra to Rs 30 per kg. Traders from northern India have already started placing import orders for onion from Afghanistan.

According to data sourced from the Multi Commodity Exchange’s (MCX) website, the average daily turnover in the crude palm oil contract was Rs 273.60 crore. The daily volume averaged 39,068 tonnes, or over 5 per cent of the country’s monthly imports.

On the Multi Commodity Exchange, copper contracts for September delivery traded higher by Rs 1.30, or 0.25 per cent, at Rs 530.50 per kg in a business turnover of 5,030 lots.