Market Watch

Wednesday, 23 July 2014

Latest Stock & Commodity Market Updates

India's NSE index marked its record closing high on Wednesday, led by gains in technology stocks on continued foreign-investor buying, while firm cues from Asian markets also aided sentiment.
The NSE index provisionally closed 0.36 percent higher at 7,795.75 after hitting an all-time high of 7,809.20, surpassing the previous record of 7,808.85 touched on July.
Shares in Infosys Ltd gained 3.45 percent, while Tata Consultancy Services added 1.9 percent.
Gold steadied on Wednesday after the previous day's drop, supported by simmering conflict in Ukraine and the Middle East.
MCX SILVERMIC August contract was trading at Rs 45101 down Rs 19, or 0.04 percent. The SILVERMIC rate touched an intraday high of Rs 45188 and an intraday low of Rs 44981.
SILVERMIC prices have moved down Rs 4630, or 9.31 percent in the August series so far.

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Morning Commodity & Stock Market Tips by Money CapitalHeight


Gold held steady on Wednesday in Asia after dipping overnight, and looked likely to hold above $1,300 an ounce in the near term as geopolitical tensions from crises in Ukraine and the Gaza strip brought safe-haven bids.
The metal rose last week after the downing of a Malaysian airliner over Ukraine, killing all 298 on board. US officials say pro-Russian separatists most likely shot down the jet by mistake, not realizing it was a civilian passenger flight.
Palladium will reach its highest yearly price on record this year and could top that in 2015 as expectations for lower South African output combine with a recovery in demand and doubts over Russian supply.
While the stock  market continues its rally on Wednesday, with Nifty hitting the 7800-mark. The Nifty is up 35.05 points at 7802.90 while the Sensex is up 135.82 points at 26161.62. About 603 shares have advanced, 156 shares declined, and 29 shares are unchanged.
Bajaj Auto, ICICI Bank, Coal India, ONGC and Dr Reddy's Labs are top gainers in the Sensex. Among the losers are Hero MotoCorp, Wipro and Axis Bank.
The Indian rupee gained in the early trade on Wednesday. It has opened higher by 10 paise at 60.14 per dollar versus 60.24 Tuesday.
Asian stocks edged up on Wednesday as risk aversion triggered by recent geopolitical tensions continued to ebb, while the euro languished near eight-month lows.

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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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Watch MCX & Stock Market Morning News Updates


Gold stabilised near $1,310 an ounce on Tuesday as escalating tensions over conflicts in Ukraine and the Gaza strip dented global risk appetite and burnished the metal's safe-haven appeal.
Spot gold was little changed at $1,311.70 an ounce by 0247 GMT. It had gained as much as 0.6 percent in intraday trading on Monday, but failed to hold the gains and closed flat.
The S&P BSE Sensex rallied over 120 points in trade on Tuesday following positive trend seen in other Asian markets. The rally was led by gains in ITC, RILBSE 0.62 %, Bharti AirtelBSE 3.68 % and L&T.
The BSE Sensex was trading 0.46 per cent higher or 117 points at 25,832. It hit a low of 25,780.39 and a high of 25,839.07 in trade today.
Asian stocks edged up in early trading on Tuesday, though the upside was capped by lingering concerns about the Ukraine crisis and violence in Gaza which pressured U.S. yields and the dollar.
Asian Paints and Axis Bank gained ahead of their Q1 results today, 22 July 2014. Idea Cellular rose after the company reported strong Q1 results.
Bharti Airtel (up 2.33%), Tata Power Company (up 0.87%) and ITC (up 0.79%) edged higher from the Sensex pack.

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Monday, 21 July 2014

Mcx & Stock Market Tips with Live Updates


The BSE Sensex rose for a fifth consecutive session on Monday as Reliance Industries rallied after its quarterly earnings beat estimates, while merger-related news led to gains in shares of some companies such as Kotak Mahindra Bank.
The benchmark BSE Sensex provisionally rose 0.2 percent to 25,692.01 while the broader Nifty ended up 0.26 percent at 7,684.20.
Reliance Industries Ltd (RELI.NS) provisionally gained 1.97 percent while Kotak Mahindra Bank Ltd (KTKM.NS) ended 0.7 percent higher.
Gold remained steady on the spot and futures market Monday in line with international sentiment.
Gold prices have moved down Rs 1,285, or 4.39%, in the August series so far. In the spot market, gold remained steady at Rs 28,250 per 10 gm.
MCX SILVERMIC August contract was trading at Rs 45172 up Rs 216, or 0.48 percent. The SILVERMIC rate touched an intraday high of Rs 45236 and an intraday low of Rs 44850.

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Stock Market Latest News: Indian Share Climbed Up


The S&P BSE Sensex surged as much as 211 points in trade on Monday, led by gains in RILBSE 2.62 %, HDFC BankBSE 1.32 %, HDFC and ICICI BankBSE 0.44 %.
Tracking the momentum, the 50-share Nifty index managed to reclaim its crucial psychological level of 7700, supported by gains in oil & gas, consumer durable, realty, banks and power stocks.
The BSE Sensex was trading 0.71 per cent higher or 190 points at 25,831. It hit a low of 25,769.21 and a high of 25,853.54 in trade today.
Energy conglomerate Reliance Industries Ltd leads gains with a 2.9 percent rise on better-than-expected earnings.
MCX shares trading 12.9 percent higher while parent Financial Technologies (India) Ltd up 5.76 percent.
 Asian stocks were a fraction firmer as investors set aside geopolitical concerns for the moment to focus on the generally upbeat flow of U.S. corporate earnings ahead of a host of results due this week.

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Friday, 18 July 2014

MCX & Stock Market Tips & Current News Updates


Indian shares edged higher on Friday, gaining for a fourth consecutive session, after Tata Consultancy Services' better-than-expected earnings sparked a rally in IT stocks and offset global concerns about the downing of a Malaysian airliner in Ukraine.
Gold dropped on Friday, set for its first week of decline in seven on fears of higher U.S. rates and as investors took profits after a 1.5 percent jump on the downing of a passenger plane in eastern Ukraine.
NSE bank index or bank nifty gained 6.5 percent this week, the best weekly gain in eight, after falling 7.1 percent in the previous week.
IDFC Ltd rose 2.9 percent, ending up 10.3 percent for the week, ICICI Bank Ltd gained 2.1 percent, while Axis Bank Ltd ended 2.1 percent higher.
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