查看更多>>摘要：In precious metals as we had anticipated gold tested 295 dollars/oz on the upside and failure to close above this level brought it back towards 290s dollars/oz. Quite frankly gold has done better than we expected on the downside as it avoided a serious test of 285-88 dollars/oz key support band. If Yen re-enters the 130-35 range expect investor buying towards key 300 dollars/oz levels on the downside a sell-off is unlikely as long as gold is comfortably above 285 dollars/oz level.
查看更多>>摘要：Global Economic Scenario looks not too bad for the minute and investors are willing to buy the US Economic Recovery story. However a word of caution as we may not have seen the worst of volatility in the currency markets yet and this is going to eight heavily on long term prospects of equity and commodity markets. Long-term investors outside the USA are wary of sudden and wild fluctuations in major currencies like Euro and Yen and this may prevent them from entering the commodity markets tin the near term. However as the year goes by currency fluctuations are likely to affect precious metals more than the base metals.
查看更多>>摘要：The Union government has chalked out a three-stage plan for disinvesting National Aluminium Company (Nalco). Out o its 87.15 per cent holding in, the aluminium major, the government plans to divest 10 per cent through a domestic issue in the first stage.The second stage would involve a divestment of 20 per cent through an ADR issue, to be followed by a strategic sale of the remaining 29.15 per cent in the third stage. This would bring down the government holding to 26 per cent, after factoring a 2 per cent reservation for employees. Sources in Nalco said that the decision to offload a 29.15 stake to a strategic investor was taken on last week. The government invited expressions of interest from merchant bankers with expertise in divestment through capital market offerings (domestic and ADRs), and strategic sales, to act as a global co-ordinator and advisor.
NSTL