The rupee hits 62.90 in early trade, its lowest level since November 22, as Asian stocks trading with heavy losses. The pair last trading at 62.77/78 vs Friday’s close of 62.66/67.
Asian equities kicked off the week with sharp losses as fears over emerging markets continued to spook investors. China’s Shanghai Composite shed 0.88 percent or 18.09 points at 2,036.31.
Hong Kong’s Hang Seng plunged 2.32 percent or 521.73 points at 21,928.33. Japan’s Nikkei tumbled 2.70...
Asian equities rose on Thursday, extending the previous day’s rally, amid growing confidence in the global economic recovery but Shanghai bucked the trend due to fears of tight liquidity.
Hong Kong’s Hang Seng was up 0.39 percent or 88.77 points at 22,990.77.
Japan’s Nikkei gained 0.22 percent...
US stocks rose on Wednesday, with the S&P 500 climbing to an all-time closing high after strong earnings from Bank of America and data signaled that the economy was improving.
The Dow Jones industrial average rose 108.08 points, or 0.66 percent, to end at 16,481.94. The Standard & Poor’s 500...
MARKET SUMMARY
Nifty witnessed a sell off after a positive opening on the back of pressure in Banks, It & Pharma names. The day was started with positive note yet nifty faces resistance at 6345 & tumbled below 6300 mark; there was no major recovery seen in the market for the entire trading...
MARKET SUMMARY:
The Indian equity benchmark index nifty continues its losing streak for fifth consecutive session as weak China’s PMI data and accelerated WPI data supported the current weakness. The day was started on flat not and nifty remain range bound for entire trading session in range of...
Asian markets were trading mixed on Friday.
China’s Shanghai Composite was flat at 2,218.89.
Hong Kong’s Hang Seng was up 0.14 percent or 33.81 points at 23,822.90.
Japan’s Nikkei was flat at 15,726.83.
Singapore’s Straits Times was down 0.33 percent or 10.67 points at 3,175.70.
South...
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Indian Stock market opened with slight gain at day's high but the market is remain weak ahead of expiry in which trader square off their position. According to analyst if Nifty come below 6035 than we can see more down side in Nifty upto 5270 while in up side range Nifty can move 6100.0 due to...
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Chana
Chana futures opened higher on account of short coverings as well as rumors that duty on imports of pulses may be imposed. Also, there are worries over acreage on the back of excessive soil moisture as well as diversification towards wheat in MP. However, prices could not sustain at...
Gold futures bounced back in the Asia electronic session today after tumbling to as low as $ 1305.2 an ounce yesterday its lowest level since 17th October 2013. The metal was weighed down by strong gains in the US dollar against the Euro yesterday after the European Commission lowered its...
JPY/INR
The Japanese Yen appreciated by around 0.3 percent yesterday taking cues from mixed global market sentiments, leading to rise in demand for the low yielding currency.
GBP/INR
The Sterling Pound traded on a flat note yesterday on the back of strength in the DX. Also, mixed global...
Gold
Gold prices declined around 1.4 percent yesterday on the back of strength in the DX. Further, declining trend in SPDR Gold Holdings acted as a negative factor. Holdings in the world’s largest gold ETF have slipped to 872.02 tonnes.
Silver
Spot silver prices declined around 3.5 percent...
Highlights
US Federal Reserve maintained status quo on QE in yesterday’s meet
Indian equities yesterday touched at highest level in last three years.
US ADP Non-Farm Employment Change fell to 130,000 in October.
Spanish Flash GDP gained 0.1 percent in the quarter ended Sept...
Base Metals
Base metals traded higher yesterday on the back of positive economic data from the Euro Zone. Also, delay in QE taper by the Federal Reserve in the FOMC meet yesterday acted as a positive factor for the base metals group.
However, strength in the DX coupled with mixed inventories...
Gold
Spot gold prices gained marginally by 0.1 percent due to the global market sentiments upbeat after U.S. lawmakers was able to resolve their debt ceiling and avoid default on the government. However, the sharp rise in prices was crowned as a result of decreased SPDR gold holdings by 0.4...
India gold futures opened slightly down Rs.29601 on Tuesday tracking a steady development in the global market . Gold futures for December on India’s Multi Commodity Exchange ( MCX) was consisted by 0.06 % to Rs.29600 per 10 grams at 10:23 IST on Wednesday .
Read More Info - Gold prices remain...