ICEX Midday Market Report

Temasek keen on investing in Indian energy sector: Deora

Singapore’s Temasek Holdings has expressed interest to invest in India’s oil and gas sector, Petroleum Minister Murli Deora said in Singapore on Friday. “We had a breakfast meeting with Temasek chairman Ho Ching during which Singapore’s investment in the Indian energy sector was discussed,” Deora said. He said he gave the Indian energy plan update […]

Nigeria’s anti-graft body detains 12 oil executives

Nigeria’s anti-corruption body has detained 12 senior oil firm executives over over an alleged bribery of up to USD 100 million. Those arrested included executives from Noble Corp, Tidewater and Transocean. The spokesman of the Economic and Financial Crimes Commission (EFCC), Femi Babafemi said the agency suspected the executives were involved in offering bribes to […]

Rupee down by 6 paise against dollar

The Indian rupee depreciated by 6 paise to 45.30 rupees a dollar in the morning trade on Friday. It had closed at 45.24 rupees a dollar in the previous session. Dealers said Dollar’s gains against major currencies overseas and lower opening on the stock market weighed on the rupee sentiment.

Sensex slips 90 points in opening trade

The B S E benchmark Sensex lost 90 points at 19,092 in the Friday morning trade today. Analysts said the loss in Sensex is due to mixed trend overseas and continued selling by funds and retail investors. In other markets in Asia, Japan’s Nikkei lost 0.40 per cent while Hong Kong’s Hang Seng index was […]

Sensex slips 90 points on rate hike fears

The BSE benchmark Sensex shed 90 points in the opening trade Friday, extending Thursday’s losses on mixed trend overseas and continued selling by funds and retail investors fearing hike in key interest rates by the Reserve Bank of India. The 30-share Bombay Stock Exchange barometer lost 90.53 points to 19,092.29 level, with financial, realty, auto […]

Rupee falls by 6 paise in early trade trade

The Indian rupee opened 6 paise lower against the dollar Friday, as the American currency strengthened against other major currencies. The domestic unit early morning Friday was trading at Rs 45.30 a dollar, 6 paise lower from the Thursday’s close at the Interbank Foreign Exchange (Forex) market. Thursday, it had closed 11 paise lower at […]

ICEX Daily Market Report on Metals, Energy & Agriculture

GoldMoney Adds Palladium to Cater for Growing Investor Demand

London : GoldMoney, the physical bullion provider which safeguards over $1.5bn of precious metals and currencies, has announced that it is now offering palladium to its customers. This new addition to its precious metals range means GoldMoney can now cater for growing investor demand for the rare metal, whose price has risen from $450 per […]

Rupee continues to trade firm for third consecutive day

The Indian rupee continues to trade firm for the third consecutive day today, when it gained another 13 paise to 45 rupees a dollar in the morning trade. This follows banks selling the US currency on account of its weakness inthe overseas market. At the Interbank Foreign Exchange or Forex market, the local currency opened higher […]