Market Watch

Tuesday 22 July 2014

Afternoon Stock & Commodity Market Updates

India's NSE index rises 0.45 percent, heads for a sixth straight session of gains.  NSE's session high of 7,756.25 puts it within touch of its record high of 7,808.85 hit on July 8.
Reliance Industries is up 3.2 percent, adding to its 2.14 percent gain after its April-June earnings on Saturday.
Telecom stocks also lead after Idea Cellular Ltd's April-June profit beat estimates and sector regulator's guidelines for mobile phone spectrum sharing.
Bharti Airtel Ltd gains 4.7 percent while Idea Cellular is up 4.4 percent. Hindalco Industries Ltd gains 1.75 percent after aluminium prices hit a 16-month high.
Gold eased on Tuesday as Asian shares gained strength but the metal continued to stay above $1,300 an ounce as escalating tensions over conflicts in Ukraine.
Spot gold slipped 0.35 percent to $1,307 an ounce by 0554 GMT. It had gained as much as 0.6 percent in intraday trading on Monday, but failed to hold the gains and closed flat.
Zinc climbed to the highest price since August 2011 after falling inventory and an improving demand outlook spurred speculation that consumption will exceed supply. Aluminum reached a 16-month high.

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