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Copper Updates Copper in London jumped by the most in almost a month on expectations that a recovering Chinese economy will boost demand from the largest user. Metal for delivery in three months gained as much as 1.7 percent to $7,945.25 a metric ton on the London Metal Exchange, the most since Nov. 29, and was at $7,926.50 as of 10:08 a.m. Shanghai time. The market was closed for two days for public holidays. Copper for April delivery on the Shanghai Futures Exchange gained 0.6 percent to 57,480 yuan ($9,217) a ton. Chinese industrial companies’ profits rose 22.8 percent in November from a year ago to 638.5 billion yuan, the National Bureau of Statistics said on its website today. That compared with gains of 20.5 percent in October and 3 percent in the first 11 months of the year. Gold Live Updates According to analysts, gold prices are likely to settle around Rs 29,000 to Rs 32,000 per 10 grams in the near term due to better economic growth expectations and expected rate cu

 Sensex up by 30 points, Auto sector is moving on up side. M&M Finance shares were up around 3 percent to Rs 1147. According to a report in The Economic Times, more than two-thirds of non-banking finance companies will be out of business if the Usha Thorat panel recommendation on minimum asset size of Rs 25 crore is implemented. Such a development could benefit the larger and more established NBFC players by way of reduced competition. Bajaj Finserv was the other notable gainer in the NBFC space, up around 2 percent to Rs 920. Tata Motors shares were up 2 percent to Rs 312 on a report in the Mint that Tata Nano was among the top 10 best selling cars of 2012.

The BSE Sensex gained 13.09 points or 0.07% and settled at 19255.09. The index touched a high and a low of 19347.64 and 19237.26 respectively. 12 stocks were seen advancing while 18 stocks were declining on the index (Provisional) The BSE Mid-cap index was up by 0.36% and Small-cap index was up by 0.32%. (Provisional) On the BSE Sectoral front, TECk was up by 0.95%, Realty up by 0.91%, IT up by 0.87%, Health Care up by 0.81% and Auto up 0.46% were the top gainers, while Metal down by 0.53%, Oil & Gas down by 0.43%, Consumer Durables down by 0.16%, PSU down by 0.14% and Capital Goods down by 0.07% were the losers in the space. Nifty Updates The S&P CNX Nifty gain 8.85 points or 0.15% to settle at 5,856.55. The index touched high and low of 5,871.90 and 5,844.70 respectively. 31 stocks advanced against 19 declining on the index. (Provisional) The top gainers on the Nifty were Tata Motors was up 2.71%, Sun Pharma was up 1.82%, DLF was up 1.80%, Lupin was up 1.75% and Wipro wa

BSE Market Outlook The BSE Sensex lost 216.14 points or 1.11% and settled at 19237.78. The index touched a high and a low of 19394.55 and 19221.12 respectively. 2 stocks were seen advancing while 28 stocks were declining on the index (Provisional) BSE Mid-cap and Small-cap index ended down with loss of 1.50% and 1.41% respectively. Nifty Outlook The S&P CNX Nifty lost 70.65 points or 1.19% to settle at 5,845.75. The index touched high and low of 5,888.00 and 5,841.65 respectively. 2 stocks advanced against 48 declining on the index. (Provisional) The top gainers on the Nifty were ITC was up 0.82% and TCS was up 0.48%. Get all Live Stock Updataes

Live MCX Copper Tips -Copper MCX Can Buy from the price of 436 and hold it till the level of 440.   Copper futures slipped to a three-week low as stalled U.S. budget talks and speculation that stronger economic growth could limit the duration of Federal Reserve support for the economy sent investors to the exits. The most actively traded copper contract, for March delivery, fell 6.95 cents, or 1.9%, to settle at $3.536 a pound on the Comex division of the New York Mercantile Exchange, the lowest settlement price since Nov. 28. Copper's fourth consecutive decline came on concern that the pending package of U.S. government spending cuts and tax increases set to take effect in January may drag the country into recession.

Stock Tips Buy TCS  for Mid Term Profit At - 1259.60 Tgt - 1273.45, 1292.50 SL - 1230.25

Rupee Lost 35 Paisa The rupee lost 35 paise to trade at nearly one-month low of 55.20 against the US dollar in early trade on Friday at the Interbank Foreign Exchange market on continued demand for the American currency from importers. Forex dealers said besides dollar’s gain against the euro in the overseas markets, increased demand for the American currency from importers and a lower opening in the stock market also put pressure on the domestic currency. Stock Market Live Updates The BSE benchmark Sensex fell by 115.50 points, or 0.59 per cent, to 19,338.42 in the early trade. Indian shares extended loses in late morning trades on Friday tracking weak Asian stocks after US House of Representative Speaker John Boehner said that a proposal to avert automatic spending cuts and tax increases failed to muster enough support thereby raising concerns that the world's biggest economy may slip into recession next year. At 10:20AM, the Bombay Stock Exchange's Sensex index slump

Sensex Down on early Morning The BSE benchmark Sensex declined by over 57 points in early trade today as investors preferred to book profits after two sessions of gains. Besides, a subdued trend on Asian bourses also dampened the trading sentiments here. The 30-share barometer fell by 57.26 points, or 0.29%, to 19,418.74. The index had gained nearly 232 points in the previous two sessions. Indian Currency Rupee Cut Down 12paisa against Dollar The rupee today fell by 12 paise to trade at 54.67 against the dollar in early trade at the Interbank Foreign Exchange, due to increased demand for the American currency from oil importers. Besides, euro and yen weakness against the dollar overseas and a lower opening in the equity market also put pressure on the local unit, forex dealers said. The rupee had gained 30 paise yesterday to close at 54.55 against the dollar on fresh selling of the American currency by banks.

Copper Tips Copper can be buy from the position of 447.  At the Multi Commodity Exchange, April copper traded higher by Rs 1.65, or 0.37%, at Rs 451.30 per kg, with a business turnover of 250 lots. Market men said a firm global trend on speculation that China's plan to seek growth of higher quality and efficient next year will bolster demand for industrial metals in the largest consumer influenced copper prices at futures trade here. The metal for delivery in far-month February edged up by Rs 1.60, or 0.36%, to Rs 446.90 per kg, with a business turnover of 4,032 lots.  Copper was little changed on Monday, consolidating gains after a five-week winning streak, on uncertainty over the ability of the United States to avert a "fiscal cliff" that could slow growth and metals demand globally. Benchmark copper on the London Metals Exchange traded at $8,055.25 at 1021 GMT, little changed from $8,065 at the close on Friday. U.S. House of Representatives Speaker

With the fact that market has moved shraply into the resistance zone and overbought we expect a brief pause at this stage before it moves further. From the intermediate term point of view staying above 5790 is bullish. Spot Nifty closed at 5851 down by 36.50 points or 0.62% and Sensex closed at 19229 down by 126 points or 0.65%. BSE midcap index was down by 81.54 points or 1.16% to close at 6957 whereas BSE Small Cap index closed at 7348 down by 72 points or 0.97%. Trend Analysis: Short-term trend is positive with market trading above 5810. On the other hand intermediate term trend is positive above 5790. Apollo Tyre can buy at this position, stock seems good for long term investment. While IT sector may cut down for upcoming some days

Both the precious metals, gold and silver, tumbled here on Thursday on increased selling by stockists, following sluggish demand amid a weak global trend. While gold dropped by Rs 270 to Rs 31,410 per 10 grams, silver lost Rs 800 to Rs 61,200 per kg on heavy selling by stockists and industrial units. Trading sentiment turned bearish on stockists clearing their holdings on ending of the current marriage season from December 15 amid a weakening trend in overseas markets. They said the precious metals in international markets declined to a one-week low as a rally to the highest level this month prompted some investors to sell the metal amid concern about the US budget deadlock. The wedding season, which started in September and peaked last month, continues until early January. Gold is an essential gift item during this season in India, the world's largest buyer of the metal. The Federal Reserve announced the plan to purchase $45 billion in longer-term Treasuries each month on top of