Lack of demand likely to impact crude: Kotak Comm

In an interview with CNBC-TV18, Amol Tilak, Head of Research, Kotak Commodities gave his strategy on precious metals, crude and base metals.

Q: First your thoughts on the precious metals. How would you trade gold and then silver?
A: As far as gold is concerned I think I will be on a long side of the markets. Somewhere close to around Rs 18,480-Rs 18,500. I will have a target of closer to Rs 18,600 or Rs 18,650 and all the situation in bullion particularly gold looks good after it has tested its supports.

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Markets end up: Where is Nifty headed?

The benchmark Sensex bounced back on Tuesday after witnessing losses for the previous three consecutive days and closed 153 points higher. The rally was led by positive global cues, which was imminent after losses as well as some consolidation in the last few days.

The 30-share BSE Sensex closed at 17,614.48, up 173.04 points or 0.99% and the 50-share NSE Nifty rose 53.15 points or 1.02% to settle at 5,289.05. The Nifty July futures ended at 11 points premium.

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Global markets week ahead, tension eases ahead of 2nd half

Tensions in global financial markets stemming from the euro zone's sovereign debt crisis appear to be easing, setting the stage for investors to dip back into risky assets in the second half of this year. This week's relatively successful bond sales in peripheral euro zone countries and expectations that the Federal Reserve and other central banks would keep borrowing costs low are calming investor nerves after a risk storm in May prompted a rush to safe-haven assets.

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