stock and commodity tips

On Wednesday morning, the Indian rupee opened higher by 15ps at 70.29/US dollar, after closing at 70.44/USD.

CrudeOil prices also lowered due to a sudden surge in US stock pile. Brent crude oil futures were at USD70.90/bl, down 0.7pc, against it last close which was1.4pc up. US WTI crude futures were at USD61.39/bl, down 0.3pc, from their last settlement. WTI closed up 1.2pc in the last session.

Gold price becomes steady on Wednesday after moving back from a one-month high in the previous session.  The price of Gold on Tuesday rose by Rs377 to Rs.33,395 per 10gm in the national capital on account of rise in domestic demand. Conversely, sovereign gold see steady at Rs 26,500 per 8gm.

Internationally, spot gold was trading at USD1,298/ounce, while silver was at USD14.83 an ounce in New York

Indian stock benchmark indices are seen good start on Wednesday with Nifty opened above 11,250 level. At 9.45am, the Sensex trade higher by 64 points at 37383-level and the Nifty up by 18 points at 11240.

Major contributors towards the current Nifty gains were BPCL, UPL, IOC and HCL Tech who were trading up to 2pc higher.

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