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 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.

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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.

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Sensex, Nifty open marginally higher; Bharti, Idea top gainers. For more information visit www.marketmagnify.com/freetrial.php & give a missed call @ 78-79-88-11-22.

• Equity benchmarks started off Thursday's trade with marginal gains as the Sensex gained 80.69 points at 28105.02 and the Nifty rose 21 points to 8636.80.
• Bharti Airtel topped the buying list among Sensex 30 stocks, up over 2 percent after better-than-expected consolidated earnings in Q1.
• ICICI Bank, Maruti Suzuki and Adani Ports gained 1 percent each while Infosys, NTPC were losers.
• The Indian rupee opened higher by 8 paise at 67.06 per dollar versus 67.14 Wednesday.
• Asian Paints also reacted positively to better-than-expected earnings in June quarter, up nearly 2 percent.
• Results today: PNB , Eicher Motors , Syndicate Bank, Adlabs Entertainment, Blue Dart, Ceat, Dish TV, Escorts, Excel Crop Care, Shriram City Union, GSK Pharma, Gujarat Alkalis, HCC, Hexaware, Muthoot Finance, Redington, TNPL, Sintex, Somany Ceramics, Supreme Industries, Tree House

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Sensex, Nifty open flat; HUL loses 2%, Mindtree falls 6% on Q1. For more information visit www.marketmagnify.com/freetrial.php & give a missed call @ 78-79-88-11-22.

     The market has opened marginally in green. The Sensex is up 39.87 points or 0.1 percent at 27786.53, and the Nifty is down 1.05 points at 8507.65. About 212 shares have advanced, 79 shares declined, and 24 shares are unchanged.
          Tata Motors, ICICI Bank, TCS, HDFC and Tata Steel are gainers in the Sensex. HUL loses over 2 percent while Bharti, Wipro, BHEL and Adani Ports are losers. Mindtree falls 6 percent on its Q1 results.

           Drug firm Dr Reddy's Laboratories has launched generic Omeprazole and Sodium bicarbonate capsules, used for treatment of acid reflux and ulcers, in the US market after receiving approval from the      country's health regulator.

               Results today: UltraTech Cement , Wipro , CRISIL, Linde India, MPS

Shree Cement today said it has won the bid for coal linkages from state-run Coal India subsidiary, South Eastern Coalfields Ltd (SECL), for 80,000 tonnes annually.
              Adani Ports and Special Economic Zone (APSEZ) today said it has raised Rs 1,000 crore by alloting Non-Convertible Debentures (NCDs) on private placement basis.

               Maruti Suzuki India (MSI) continued its grip in the passenger vehicles market in India with five of its models in the top ten best selling models in June, although its successful model Swift has been displaced from the third position by rival Hyundai's Grand i10.