Market Watch

Tuesday 22 July 2014

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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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Afternoon Stock & Commodity Market Updates


The BSE Sensex is higher 0.2 percent, while the Nifty is 0.23 percent higher, helped by gains in technology shares. The NSE IT index is up 1.7 percent after Tata Consultancy Services Ltd (TCS.NS), India's biggest software services exporter, posted a better-than-expected profit for the April-June quarter.
TCS shares are up 3.2 percent, while Wirpo Ltd (WIPR.NS) gains 2.4 percent.
Among other blue-chips, ICICI Bank (ICBK.NS) is up 1.3 percent and Hero MotoCorp (HROM.NS) rises 1.5 percent.
Gold prices fell by 0.16 per cent to Rs 28,155 per 10 grams in futures trade today as speculators trimmed positions, tracking a weak global trend.
At the Multi Commodity Exchange, gold for delivery in August fell by Rs 44, or 0.16 %to Rs 28,155 per 10 grams in business turnover of 1,396 lots.
Spot gold slipped 0.3 percent to $1,312.80 an ounce by 0655 GMT. Asian shares sagged and a drop in Treasury yields pressured the dollar on Friday after news of the downed Malaysian airlines jet sent investors scurrying into defensive assets. 

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Live Stock Market Updates: Sensex, Nifty in red on Geo-Political Crisis

Shares in Tata Consultancy Services, India's biggest software services exporter, rose 2.9 percent in pre-open trading after its April-June profit and sequential U.S. dollar revenue growth of 5.5 percent beat estimates.
Shares of Indian non-banking financial companies, which take gold as collateral, surge after the central bank issued draft guidelines for those seeking a licence to set up a payments banks or a small bank. 
The S&P BSE Sensex started on a cautious note on Friday tracking Asian markets which were trading lower on news of a downed Malaysian Airlines jet at the Ukraine-Russia border.
Tracking the momentum, the 50-share Nifty index also came under bit of pressure but was still trading above its crucial psychological level of 7600 levels, supported by gains in IT, pharma and FMCG stocks.
The BSE Sensex was trading 0.09 per cent lower or 23 points at 25,537. It hit a low of 25,505.94 and a high of 25,570.85 in trade today.
The 50-share Nifty index was trading 0.18 per cent lower or 13 points at 7626. It hit a low of 7616.80 and a high of 7633.50 in trade today.

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Thursday 17 July 2014

Mid Day Stock & Commodity Market Updates


Key benchmark indices continued to alternately swing between positive and negative terrain near the flat line in mid-afternoon trade. India's broader NSE index inches up 0.14 percent, lead by gains in defensive stocks from pharmaceutical and IT sectors on caution ahead of key earnings including Tata Consultancy Services and Bajaj Auto due later in the day.
In healthcare shares, Lupin Ltd gains 2.3 percent while Cipla Ltd is up 1.8 percent.
Infosys Ltd gains 1.6 percent, Tech Mahindra rises 1 percent and TCS advances 0.1 percent.

Commodities from iron ore to copper and Brent crude will drop over the next five years as global supplies climb, according to Goldman Sachs Group, which highlighted oil's recent losses as a sign of increased output. 
There will be substantial declines in some metals, energy and bulk commodities, analysts including Chief Currency Strategist Robin Brooks wrote in a report. The period of continued year-on-year price rises for most commodities is over, they said in the report.

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