Today's Commodity Market News

Gold steady as dollar softens ahead of US jobs data. For more information visit www.marketmagnify.com/freetrial.php & give missed call @ 78-79-88-11-22. 

  Gold was steady on Friday after falling to its lowest in over two months the session before, with the dollar slipping as weak US manufacturing data raised doubts on the economy's strength ahead of closely-watched non farm payroll numbers.

       "(The Federal Reserve head's) comments from last week have put pressure on gold and we need to see the jobs data, which is likely going to be really good," said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong.

             US factory activity contracted in August for the first time in six months as new orders and production tumbled, but a low level of layoffs continued to point to a pickup in economic growth in the third quarter.

            Spot gold was largely unchanged at $1,314 per ounce by 0414 GMT. The metal on Thursday touched its lowest since June 24 at $1,301.91 and was on track to end the week lower for the second straight week.

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Nifty still below 8700, Sensex flat; Adani Ports, SBI, M&M gain. For more information visit www.marketmagnify.com/freetrial.php & give missed cal @ 78-79-88-11-22.

• Adani Ports, SBI, M&M, Coal India, ICICI Bank are top gainers while BHEL, GAIL, Infosys, ITC and TCS are losers in the Sensex. 
• The market has opened in green but the Nifty is below 8700. The 50-share index is up 8.45 points at 8686.70 and the Sensex is up 42.38 points at 28127.54. About 243 shares have advanced, 87 shares declined, and 16 shares are unchanged.
• Adani Ports, SBI, M&M, Coal India, ICICI Bank are top gainers while BHEL, GAIL, Infosys, ITC and TCS are losers in the Sensex.
• Sebi miffed with new KYC system. The Securities and Exchange Board of India (Sebi) is miffed with the new central Know Your Customer (KYC) process implemented for the entire financial system. And, has written to the finance ministry to rethink the move, said three sources. According to Sebi, the new system is not in sync with the securities market KYC. And, has disrupted the common KYC process implemented through KYC Registration Agencies (KRAs).

Top Trading Call for Today’s Market

सेंसेक्स और निफ्टी की शुरुआत लाल निशान पर होने की आशंका है। निफ्टी पर आज के लिए 7850-7800 का अहम सपोर्ट है। वहीं, ऊपर की ओर निफ्टी पर 7910-7940 का अहम रेजिस्टेंस है।

अधिक जानकारी के लिए क्लिक करें 

http://goo.gl/0R3q3c 

• Buy Voltas: Target Rs 352; Stoploss Rs 327
• Buy Syndicate Bank: Target Rs 69; Stoploss Rs 62 
• Buy Siemens: Target Rs 1190; Stoploss Rs 1140 
• Buy ONGC: Target Rs 214; Stoploss Rs 207

Today’s Result: Corporation Bank, JSW Steel, PTC India, Tata Communications and Torrent Power

Noticed WPI trending down for April

Whole price index seen trending down for April

Wholesale price Index (WPI), a delegate wicker container of wholesale merchandise, is seen at - 0.25 percent for April as against - 0.85 percent on a month-on-month premise. 

WPI is relied upon to be on a descending pattern for eighteenth month running. 

Be that as it may, compression in costs is assessed to be lesser on the back of hardening food inflation.

 Join Research Team at http://goo.gl/w5xhkP

Note that essential that primary food inflation for March rose to 3.7 percent from 3.4 percent on a month-on-month premise. 

Key metric to keep an eye out for will be the amendment in pulses inflation.

Pulses inflation was steep at 34.4 percent in March 2016.

The Street is expecting a +/ - 0.5 percent tick in inflation for the primary quarter of FY17.