Crude oil fell in New York, breaking three days of gains, on speculation the U.S. will have enough gasoline to meet summer demand. Crude oil for July delivery fell 55 cents, or 0.9%, to $64.53 a barrel in after-hours electronic trading on the New York Mercantile Exchange. Brent crude for July settlement fell 18 cents to $68.89 a barrel on the ICE Futures Exchange.

Gold for immediate delivery dropped $1, or 0.2%, to $670.75 an ounce. Silver fell 2.5 cents, or 0.2%, to $13.675 an ounce after advancing 52.5 cents the two previous trading sessions.

Currencies

The dollar fell slightly against the euro Monday, with traders looking to interest rate decisions in Frankfurt and London. The euro bought $1.3447 in morning trading compared with $1.3443 in New York late Friday. The British pound rose to $1.9835 from $1.9821 with sentiment gaining that the Bank of England would keep its rate unchanged from 5.25% when it meets Thursday. In Japan, the dollar fell to 122 Japanese yen from 122.06 late Friday.


5:30AM NY-4:30PM Mumbai Sensex trades in the red on Monday on selling pressure.

In early afternoon deals, the Sensex on BSE is trading 28 points down at 14,543.

Advancers

Hindalco has soared 5% to Rs 148, following robust global copper prices. SBI has surged 2.6% to Rs 1,414. ITC has surged over 2% to Rs 165, and Dr.Reddy''s has advanced 1.5% at Rs 658. Reliance Comms has rallied over 1% to Rs 512, while HDFC is also 1% higher to Rs 1,884.

Decliners

Tata Motors is the worst performing stock in the Sensex and has plummeted 4.6% to Rs 713. Tata Motors sales fell 4% to 42,558 units May 2007. BHEL has shed 2.5% to Rs 1,380. Satyam and Cipla have lost around 2% each toRs 469 and Rs 220, respectively. Wipro has lost around 1.4% to Rs 536. Infosys was down 0.8% to Rs 1,925.