Commodity MCX – Gold rises 200, silver shines

gold silver price high Apart from the Global Market, the increased demand for the wedding season, between local jewellers and retailers, has become increasing price by Rs 200. Gold prices in the Delhi bullion market have risen to Rs 30,950 per ten gram. This is a three-month high level. Due to demand among Industrial units and quin makers, the silver price has gone up to 40 thousand per kg.

The reason for this increasing price Gold and Silver-
Due to increasing gold price between demand local jewellers and retailers say bullion traders. In addition, gold is also strong in global trends. Globally, Gold high 0.42 percent to $1,343 an ounce in the Singapore market. In this same Silver gained 0.90 percent to $17.36 an ounce.

Sensex, Nifty were trading flat, PSU bank stocks fell, auto shares gain

sensex nifty down India stock markets have opened Wednesday on a flattish note. The BSE Sensex is trading lower by 19.65 points at 33,817.05 while the NSE Nifty is trading lower by 4.95 points at 10,458.25 in later morning hours.

Sectorally, Stocks of automobile and energy witnessing maximum buying interest, while banking sector & FMCG stocks opened the day in red. Shares of Maruti Suzuki India Ltd touched Rs. 10,000-mark. After opening at Rs. 9970 against the previous close of Rs 9804.50, the scrip crossed an intraday peak of 10,000 and a low of Rs 9,864.35.

Shares of Religare Enterprises Ltd rose 5 percent to Rs73.15 after Edelweiss announced it will take in Religare’s securities operations.

Shares of Reliance Communications (RCom) rose 5.7 percent to Rs. 13.50, after the group of bond-holders of RCom has hired advisers after the company defaulted on its dollar-denominated notes earlier.

PSU Banks including. PNB, Indian Overseas Bank, Syndicate Bank, sbi among other fell in the early hours.
Bitcoin prices declined near 10% to less than USD 17,000 on Tuesday, while The Indian rupee is trading at 64.12 to the US dollar.

NCDEX, MCX News Update: Turmeric futures Edge Lower on NCDEX

TurmericIn the National Commodity and Derivatives Exchange (NCDX), Turmeric futures edged lower on Wednesday, 6 December 2017, on anticipation of onset of new season crop and lower exports figures. Supplies from the govt auctions and new arrivals of medium quality supplies have forced the price further.

Turmeric futures contract for December delivery was trading Rs. 7,290.00, edged lower by 0.25 percent or Rs 18.00 from its last closing of Rs. 7,308.00. However, the open interest (OE) of the contract remained at 2,735 lots.

The contract for April delivery was being traded at Rs. 7,304.00, reduced by 0.76 percent or Rs 56.00 from its earlier closing of Rs. 7,360.00. The OE of the contract stood at 7, 275 lots on the NCDEX.

Commodity Market- MCX Gold, Copper futures end higher on Tuesday

MCX gold silver Gold futures ended higher on Tuesday since the US dollar headed lower and investors were keen to look at the Federal Reserve’s recent minutes of meeting due midweek from expecting for clues on plans for interest rates.

Gold futures for December delivery added USD 6.40 or 0.5% to settle at USD 1,281.70 per ounce on the primary market, Comex of the NY Mercantile, while spot gold was up 0.3% at USD 1,280.63 an ounce.

Conversely, Comex copper futures ended higher on Tuesday. Copper futures for December delivery rose 1.2% to settle at USD 3.129 a pound on the Comex metals division of NY Mercantile Exchange.

Meantime, oil extended gains after data showed a considerable draw in inventories. U.S. light crude added 25 cents to USD 57.08 while Brent crude oil was flat at USD 62.57.

06 Nov Monday Top Stock in News, Sensex Nifty Intraday low in morning trade

Sensex Nifty down Sensex, Nifty hit fresh intraday low in morning trade on Monday. The Sensex is trading at 33,681 down by 4.56 points whereas Nifty edged down 9,45 points at 10,423 at 10.40 am today.

Stock News: The shares of Reliance Nippon AMC will be listed on the NSE today. The offer had opened for subscription from Oct 25 to 27 in a price band of Rs 247-Rs 252.

Union Bank has reported loss of Rs 1530.72 cr for the Q2FY18, due to its rise in bad loans. It had earlier posted a profit of Rs. 176.67 cr in the July – September of previous fiscal.

Stocks of PNB in under watch as CLSA has maintained `buy’ rating on PNB and raised the target price to Rs 250 from Rs 180.

The Real Estate major DLF Ltds’ stock will be watched out as the CCI has approved Singapore’s sovereign wealth fund GIC’s proposal to acquire a stake in a rental arm of the company for 1.39 billion dollar.

ITC Limited has said that the company intends to invest Rs 10,000 cr to set up food processing facilities across the country and its looking to have around 20 such units pan India.

Hindalco Industries is looking to set up new factories in the US and China to cater to growing auto demand through overseas subsidiary Novelis.