Friday, 31 July 2015

MCX Commodity Trading Tips with Latest News

Gold slipped to near 5-1/2-year lows on Friday and was on course for a sixth straight weekly fall, its longest retreat since 1999, after upbeat US economic data strengthened expectations for a near-term hike in interest rates. Bullion was also set to end July with its biggest monthly decline in more than two years after a deep rout last week further shook investor confidence, with more losses seen ahead.

Spot gold was down 0.3 percent at USD 1,084.60 an ounce by 0240 GMT, and has dropped more than 1 percent for the week. Bullion has lost 7.5 percent so far for the month, its steepest since June 2013.

In other metals, spot platinum and palladium were slightly weaker and not far off multi-year lows, while silver was steady. 

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Thursday, 30 July 2015

Indian Stock Market Trading Tips & News

The market has opened higher, tracking positive cues from Wall Street after the Federal Reserve kept rates unchanged. All eyes are on expiry of July derivative contracts today.

The Sensex gained 135.55 points at 27698.98 and the Nifty rose 40.75 points to 8415.80. About 713 shares have advanced, 119 shares declined, and 64 shares are unchanged on the BSE.

Cipla, HDFC, Axis Bank, BHEL, ONGC and Cairn India rallied 1-1.5 percent. However, ITC lost 0.6 percent ahead of earnings. GAIL, ICICI Bank, Tata Power and Ambuja Cements also declined. In key earnings today according to a CNBC-TV18 poll, ITC profit may rise 6 percent to around Rs 2,300 crore. Volumes are expected to decline 15-18 percent due to price hikes. And from the pharma space, muted numbers are expected from Dr Reddy's, the profits may rise 4 percent.

From the banking sector, this will be first quarter of Kotak-ING consolidated numbers. Analysts expect a muted profit growth. While the margins may come off since ING Vysya has lower margins.

The Indian rupee opened lower by 5 paise at 63.96 per dollar against 63.91 Wednesday.

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Wednesday, 29 July 2015

Free MCX Commodity Market Updates

Oil prices fall on oversupply concerns

Oil prices fell in Asian trade on Wednesday as concerns over global oversupply outweighed the impact of a likely larger than expected draw in US crude stocks and a weakening dollar.

Asian investors focused on OPEC production figures that showed members of the Organization of the Petroleum Exporting Countries produced around 3 million barrels of oil per day more than daily demand in the second quarter.

US crude for September delivery dropped 12 cents to USD 47.86 a barrel, after ending the previous session up 59 cents.

The dollar slipped against a basket of six major currencies in Asian trade on Wednesday, while the euro gained against the dollar. The dollar index fell to 96.505, or 0.27 percent, after closing up at 96.745 in the previous session.

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Tuesday, 28 July 2015

Investment Tips On Stock Cash Market

The market has opened in green after the severe loss on Monday. The Sensex is up 57.02 points at 27618.40 and the Nifty is up 16.25 points at 8377.25. About 566 shares have advanced, 174 shares declined, and 66 shares are unchanged.

ICICI Bank, Bharti Airtel, Infosys, Maruti and Hero are top gainers in the Sensex while Tata Motors, GAIL, M&M, HDFC and Axis Bank are among laggards.

The Indian rupee opened marginally higher by 5 paise at 64.11 per dollar on Tuesday against previous close of 64.16.

Crude prices slipped further, with the Nymex trading close to a four-month lows after a stock market sell-off rattled investors, adding to concerns of an oil supply glut. Brent crude slipped below USD 54.

Precious metal gold is trading near its 5.5 year lows with expectations for a near-term US interest rate hike seen keeping momentum firmly with the bears.

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