MTECHTIPS COMMODITY MARKET NEWS 1

MTECHTIPS:-GLOBAL HAPPENINGS Manufacturing activity in the U.S. expanded at the fastest rate since April 2011 in November, fuelling optimism over the U.S. economic recovery. the Institute for Supply Management said its index of purchasing managers rose to 57.3 in Novem- ber from a reading of 56.4 in October. The New Orders Index increased in November by 3.0 points to 63.6, and the Produc- tion Index increased by 2.0 points to 62.8. The Employment Index registered 56.5, an increase of 3.3 points compared to October's reading of 53.2. MTECHTIPS:-GOLD Gold traded near a five month low on Tuesday as strong U.S. data stoked fears of an early end to the Federal Reserve's stimulus, and the metal looked vulnerable to further falls as more data is due this week. A gauge of U.S. factory activity hit a 2 1/2 year high in November and construction spending increased solidly in October. GOLD SPDRs the worlds largest gold ETF holdings remained unchanged at 843 tons as on Monday. Outlook: Gold is expected to trade with negative bias and later take cues from Economic data. MTECHTIPS:-SILVER Silver fell yesterday on uncertainty after Fed official were on hopes of better US economic recov-ery. However hopes that New Fed chair woman would be continuing its stimulus program. Strong manufacturing activity in worlds developed economies is likely to support silver prices. Recent mixed economic data has cast doubts over the exact timing. Ishares silver trust, the worlds largest silver backed ETF holdings remained unchanged at 10309 tons as on Monday. Outlook Silver prices are expected to trade with negative bias & take cues from economic data. MTECHTIPS:-CRUDEOIL

U.S. crude rose for the third session in a row on Tuesday, as recent strong industrial data boosted the outlook for demand and worries of lower supplies further lifted sentiment. Crude for January delivery was up 29 cents at $94.11 a barrel, after settling up $1.10 on Monday, when robust manufacturing data from China and the United States and concerns about Russian crude supplies, sup- ported the contract. .U.S. commercial crude oil inventories and distillate stockpiles were forecast to have fallen last week Outlook : Brent Crude oil is expected to trade with positive bias and later take cues from Economic data and geopolitical tension in MENA regions. MTECHTIPS:-COPPER Copper extended last month's losses on Monday as upbeat U.S. economic data spurred renewed fears about the Federal Reserve trimming monetary stimulus and the dollar strengthened. Three month copper on the London Metal Exchange closed down 1.1 percent at $6,975 a tonne after gaining half a percent in the previous session. Data showed U.S. factory activity at its highest for 21/2 years and construction spending increased , brightening the economic outlook. Outlook :Copper is expected trade with negative bias and later take cues from Economic data.