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.

Today's Stock Market Update

Sensex, Nifty under pressure in early trade; HPCL, NTPC fall. For more information visit www.marketmagnify.com/freetrial.php & give missed call @ 78-79-88-11-22.

• The market was marginally lower in early trade with the Sensex struggling below 28000 level amid consolidation. Investors waited for speech by the Federal Reserve Chief Janet Yellen at Jackson Hole.
• HDFC, Reliance Industries, L&T, Lupin and Sun Pharma were under pressure whereas Infosys, Asian Paints, Adani Ports, TCS and Wipro gained.
• The Indian rupee has opened higher by 7 paise at 67.12 per dollar against previous close of 67.19 a dollar.
• Sitharaman convenes meeting of industry bodies on IPR today
• The associations which would participate include CII, Ficci, PHDCCI, International Trademark Association, Laghu Udyog Bharati, Film and Television Producers Guild of India and Indian Motion Pictures' Producers Association.
• UK to strengthen trade, business relations with India
• India is the second largest investor in London and India is on the top of the list for the partnership with UK. Our relation with India is already firm and we will continue to strengthen it," he said.

Today's Stock Market News

Sebi initiated 614 proceedings in FY16, recovered Rs 224 cr. For more information visit www.marketmagnify.com/freetrial.php & give a missed call @ 78-79-88-11-22.

• Markets regulator Sebi launched 614 proceedings against the entities which defaulted on payment of penalties in 2015-16 and recovered dues worth over Rs 224 crore. In comparison, the number of attachment proceedings initiated by the Securities and Exchange Board of India (Sebi) in 2014-15 stood at 1,619. These proceedings involve attachment of bank accounts, lockers, shares and debentures, among others.
• Equity benchmarks started off the week on a flat note as investors digested the news of appointment of new RBI governor Urjit Patel.
• The 30-share BSE Sensex was down 12.55 points at 28064.45 and the 50-share NSE Nifty fell 4.50 points to 8662.40.
• Adani Ports topped the buying list, up 2 percent followed by ITC, HDFC, HDFC Bank, HUL and Reliance Industries whereas TCS, Lupin and Tata Steel fell over a percent.

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Nifty holds 8600, Sensex flat; AB Nuvo dives 15%, Sun Pharma up. For more information visit www.marketmagnify.com/freetrial.php & give a missed call @ 78-79-88-11-22. 

• The market has opened flat as the Sensex is up 44.75 points at 27904.35. The Nifty is up 13.30 points orat 8605.45. About 272 shares have advanced, 188 shares declined, and 18 shares are unchanged.
• Sun Pharma, BHEL, HDFC, Bajaj Auto and M&M are top gainers while Asian Paints, ITC, Bharti Airtel, Maruti and Dr Reddy's Labs are losers in the Sensex.
• The Indian rupee opened marginally higher by 4 paise at 66.80 per dollar versus 66.84 Thursday.
• SBI's slippages likely to be at Rs 15-17k cr, GNPA around 7%. India's largest bank SBI is set to release its first quarter earnings today and the street has its eyes set on the asset quality after Bank of Baroda reported its numbers yesterday.
• USFDA completes inspection of Alkem's Taloja plant; shares up 2%. Shares of Alkem Laboratories touched 52-week high, rises 2.2 percent intraday Friday on successful inspection of Taloja facility by USFDA. The company says there were inspection done from August 1 to August 10, 2016 and there were no issue of 483s by the USFDA.

Get Free Stock Tips For Today

Sensex, Nifty open flat; BHEL up, Bank of Baroda falls 5% on Q1. For more market update visit www.marketmagnify.com/freetrial.php & give missed call @ 78-79-88-11-22. 

• BHEL, Axis Bank, Coal India, NTPC and ICICI Bank are top gainers while GAIL, Wipro, Sun Pharma, HDFC and TCS are losers. Bank of Baroda is down 5 percent after it posted disappointing Q1 results. 
• The market has opened flat with the Nifty still below 8600. The 50-share is down 4.30 points at 8571 while the Sensex is up 2.04 points at 27776.92.
  The Indian rupee opened lower by 9 paise at 66.81 per dollar versus 66.72 Wednesday.
• Livpure eyes Rs 1,000 cr sales in four years
  The company launched country's first wi-fi enabled RO water purifier, i-taste, which allows consumers to control the taste of purified water through smartphones.
  Centre discusses steps to save onion growers from price slump
• Food Minister Ram Vilas Paswan, Agriculture Minister Radha Mohan Singh, NCP chief and former Agriculture Minister Sharad Pawar and three ministers from Maharashtra were present in the meeting.