Commodity Market: Gold Silver Updates Today

Gold firmed on Friday, edging further above the previous day's six-week low as the dollar steadied off a 10-month peak, but moves were muted ahead of key US payrolls data which could prompt a further wave of selling.

MCX GOLDM August contract was trading at Rs 27910 up Rs 122, or 0.44 percent. The GOLDM rate touched an intraday high of Rs 27950 and an intraday low of Rs 27761. So far 1466 contracts have been traded. GOLDM prices have moved down Rs 634, or 2.22 percent in the August series so far.

The SILVERMIC rate touched an intraday high of Rs 44590 and an intraday low of Rs 44324. So far 15663 contracts have been traded. SILVERMIC prices have moved down Rs 5187, or 10.43 percent in the August series so far.

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Stock Market Alert :Sensex Slips 400 points, Nifty Breaks 7600

The S&P BSE Sensex plunged over 400 points in trade on Friday, led by losses in Reliance Industries, HDFC, L&T, TCS and M&M.

The BSE Sensex was still trading 1.5 per cent lower or 403 points at 25,491. It hit a low of 25,469.30 and a high of 25,862.68 in trade today.The 50-share Nifty index was trading 1.5 per cent lower or 116 points at 7,604. It hit a low of 7595.65 and a high of 7716.70 in trade today.

Steel major JSW Steel beat street expectations on every parameter on Friday with the net profit in April-June quarter at Rs 656.5 crore on strong operational performance, as against loss of Rs 381 crore in the corresponding quarter of last fiscal.

Infosys will improve its business by looking for new growth avenues and will return to historical performance levels in two years, top executives said on Friday.

Shares of HDFC Bank, HDFC, Reliance Industries, L&T, M&M, Sun Pharma, ONGC, Sesa Sterlite, NTPC, Wipro, Coal India, Hindalco Industries, Tata Power and Gail plunged 1.5-3 percent.

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Current Stock Market Trading Tips & Updates

The S&P BSE Sensex plunged as much as 215 points in trade on Friday, tracking weak trend seen in other Asian markets. The fall in the index was led by losses in M&M, NTPC, HDFC, Tata Steel and Sesa Sterlite.

The BSE Sensex recouped some of the morning losses but was still trading 0.56 per cent lower or 145 points at 25,749. It hit a low of 25,679.46 and a high of 25,757.83 in trade today.
India's NSE index falls 0.62 percent, while the benchmark BSE index is down 0.54 percent . Foreign institutional investors sold shares worth 16.54 billion rupees ($273.2 million) on Thursday, their biggest single-day selling since July 2.
Asian shares track a slump in global markets due to ongoing tensions with Russia and Argentina's second debt default in 12 years. Tech Mahindra Ltd falls 3.7 percent after April-June-quarter net profit lags estimates.

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Stock Market Tips : Ending Session Updates

ICICI BankBSE -1.11 % Ltd slipped as much as 1.62 per cent in trade on Thursday, even though the private sector lender reported 17 per cent rise in quarterly net profit for Q1FY2015, helped by growth in credit demand and higher fee income.ICICI Bank finally closed 1.1 per cent lower at Rs 1473. It hit a low of Rs 1465.40 and a high of Rs 1505 in trade today.

The Nifty ended July series F&O at 7721.30, down 70.10 points or 0.90 percent at 7721.30. The Sensex fell 192.45 points or 0.7 percent at 25894.97. About 1431 shares advanced, 1488 shares declined, and 122 shares were unchanged.

Banks were hurt most in today's trade. Bank Nifty dragged over 1 percent. HDFC twins, SBI, ICICI Bank and Axis Bank were top losers in the finacial counter. Among the losers in the Sensex were NTPC, M&M and Tata Power. 

Cipla, Tata Steel, GAIL, Coal India and Bajaj Auto were on buyers list today.

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Stock Tips Alert : Sensex falls Below 26,000

The Indian markets have rallied over 23 per cent so far in the year 2014, including near 10 per cent rally post election results, on expectations of pro-growth reforms from the newly-elected Modi government.

Undoubtedly, valuation looks a bit stretched as most stocks have rallied ahead of fundamentals. But analysts are of the view that the broader trend looks on the upside and any correction should be used to enter the markets or 'buy' quality stocks.
The Sensex and the Nifty have shown tremendous strength and posted exceptional gains despite global geo-political issues and domestic concerns.The slide in mid-afternoon came after the key benchmark indices moved in a relatively narrow range until that time. 

Among the benchmarks, the BSE Sensex has gained nearly thirty percent in the last six months and is scaling to new highs with every passing week.

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Stock Tips with Latest Market Updates

The BSE Sensex was trading 0.01 per cent lower or 3.7 points at 26,083. It hit a low of 26034.55 and a high of 26,115.78 in trade today.About of initial volatility was witnessed as key benchmark indices trimmed losses after slipping into the red after opening higher.

Indian steel companies' shares gain, with Tata Steel Ltd up 2.5 percent on optimism ahead of China manufacturing PMI due on Friday. 

Chinese steel and iron ore futures rose to their highest in more than a week.  Jindal Steel and Power Ltd gains 1.5 percent, and JSW Steel Ltd is up 0.6 percent. Sesa Sterlite Ltd is up 1.4 percent.  

In the technology space, HCL Technologies lost 2 percent despite 13 percent sequential growth in profit for April-June quarter. Wipro declined 1.5 percent while TCS, Infosys and Tech Mahindra (ahead of numbers today) slipped marginally.

Dr Reddy's Labs declined over a percent on profit booking as it had rallied 2 percent in previous session on Q1 earnings. Housing finance company HDFC lost 0.6 percent.

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Stock Tips with Mid- Market Updates

Indian shares ended higher on Wednesday, snapping two days of falls on gains in blue-chips such as Bharti Airtel, Lupin and Dr Reddy's Laboratories after their earnings beat estimates.

The broader NSE index provisionally closed 0.55 percent higher at 7,791.40, while the benchmark BSE index gained 0.37 percent to 26,087.42.

Banking stocks led the rebound. Pharma majors Lupin and Dr Reddys Laboratories, both, rose after reporting strong Q1 results.
Shares in Bharti Airtel Ltd gained 5.5 percent. The market breadth indicating the overall health of the market was weak.

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