SILVER prices on MCX gained

Fri, Dec 14, 2012 at 11:22

MCX SILVER March'13 contract gains

SILVER prices on MCX gained. At 11:16 hrs MCX SILVER March contract was trading at Rs 61817 up Rs 309, or 0.50%. The SILVER rate touched an intraday high of Rs 61925 and an intraday low of Rs 61647. So far 5663 contracts have been traded. SILVER prices have moved up Rs 5022, or 8.84% in the March series so far.

At 11:16 hrs MCX SILVER May contract was trading at Rs 63260 up Rs 360, or 0.57%. The SILVER rate touched an intraday high of Rs 63301 and an intraday low of Rs 63202. So far 163 contracts have been traded. SILVER prices have moved down Rs 2241, or 3.42% in the May series so far.

At 11:16 hrs MCX SILVER July contract was trading at Rs 64652 up Rs 41, or 0.06%. The SILVER rate touched an intraday high of Rs 64653 and an intraday low of Rs 64652. So far 2 contracts have been traded. SILVER prices have moved down Rs 358, or 0.55% in the July series so far.

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GOLD prices on MCX

Fri, Dec 14, 2012 at 11:21

MCX GOLD June'13 contract trades flat

GOLD prices on MCX were trading flat. At 11:14 hrs MCX GOLD February contract was trading at Rs 31233 up Rs 6, or 0.02%. The GOLD rate touched an intraday high of Rs 31269 and an intraday low of Rs 31211. So far 2636 contracts have been traded. GOLD prices have moved up Rs 38, or 0.12% in the February series so far.

At 11:14 hrs MCX GOLD April contract was trading at Rs 31639 up Rs 6, or 0.02%. The GOLD rate touched an intraday high of Rs 31668 and an intraday low of Rs 31621. So far 75 contracts have been traded. GOLD prices have moved up Rs 684, or 2.21% in the April series so far.

At 11:14 hrs MCX GOLD June contract was trading at Rs 32006 up Rs 22, or 0.07%. The GOLD rate touched an intraday high of Rs 32042 and an intraday low of Rs 31989. So far 13 contracts have been traded. GOLD prices have moved down Rs 188, or 0.58% in the June series so far.

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Inflation seen picking up in November

Inflation seen picking up in November 

Indian data due out on Friday is expected to show inflation accelerated in November because of a weak rupee and festive consumer demand, dampening any lingering hopes of a central bank rate cut next week to boost the stuttering economy.

A Reuters poll forecast the wholesale price index, India's main inflation measure, rose an annual 7.6 percent in November, up from 7.45 percent in October.

The government will release the data at 0630 GMT.

Asia's third largest economy is headed for the weakest full-year growth in a decade, at about 6 percent, far below the near double-digit pace before the global economic downturn.

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Fertiliser shares rally even as Sensex, Nifty struggle

Fri, Dec 14, 2012 at 09:52

Fertiliser shares rally even as Sensex, Nifty struggle 

Fertiliser shares were up in morning trade Friday even as key equity benchmarks Sensex and Nifty struggled for direction.

Brokers attributed the rally in fertiliser shares to news of the government clearing the urea investment policy, which could attract much need investments in the sector.

The 30-share Sensex was flat at 19, 228 and the 50-share Nifty flat at 5851.

Fertilisers and Chemicals Travancore led gainers in fertiliser space, rallying over 15 percent to Rs 31.80. Other notable gainers included Rashtriya Chemicals and Fertilisers, Liberty Phosphate, SPIC, National Fertilisers and GNFC, all of which were up 3-4 per cent.

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Gold premiums in Hong Kong rose

On Tuesday At 14.02 Hrs Gold buying slows; prices rebound from 1-month low

Gold premiums in Hong Kong rose to their highest in about five months on Tuesday as Chinese banks stocked up on bullion to avoid a supply crunch when refineries close shop for the year-end holidays.

Gold bar premiums in Hong Kong rose to as high as $1.50 an ounce above London prices, compared to 50 cents to $1 over the past few weeks.

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Sensex trims gains; Pharma, FMCG, Banks buoyant

Sensex trims gains; Pharma, FMCG, Banks buoyant

The BSE benchmark Sensex trimmed its initial sharp gains but managed to trade higher by 111 points in the late morning trade on buying mainly in Pharma, FMCG, and Banking sectors on the back persistent foreign capital inflows. At 12.16 pm, the Sensex was trading up 111.71 points or 0.58% at 19521.40, and the 50-share Nifty was up 27.85 points or 0.47% at 5936.75.

Hopes of a rate cut by the Reserve Bank of India (RBI) in its monetary policy review next week boosted market sentiment. Foreign institutional investors (FIIs) bought shares worth a net Rs 698.23 crore on Monday as per provisional data from the stock exchanges.

An hour ago, Nifty had touched a 23-month high when it crossed previous high of 5950 made on December 7. The Sensex gainers include HUL (2.54%), Bajaj Auto (2.29%), Sun Pharma (2.48%), HDFC (1.59%) and Jindal Steel (1.43%). FMCG major ITC gave up some gains garnered in the morning but is trading at Rs 304.30 up 0.98% from its previous close of Rs 301.35.

Asian stocks showed a mixed trend in the early trade amid signs of progress in talks over the US fiscal cliff of billions of dollars in upcoming tax hikes and spending cuts in the world's biggest economy. Key benchmark indices in Hong Kong, Singapore and South Korea rose by between 0.18 per cent to 0.46 per cent while indices in China, Japan, and Taiwan shed by between 0.23 per cent to 0.41 per cent.

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Gold held steady above $1,710

Gold steady above $1,710/oz ahead of Fed meeting

Gold held steady above $1,710 an ounce on Tuesday ahead of a U.S. Federal Reserve meeting where policy makers are expected to announce more stimulus measures, seen to support gold's appeal as a hedge against inflation.

FUNDAMENTALS

* Spot gold was little changed at $1,710.70 an ounce by 0030 GMT, after rising to a one-week high of $1,717.20 in the previous session.

* U.S. gold traded nearly flat at $1,713.

* Many economists think the U.S. central bank will announce monthly bond purchases of $45 billion after its policy gathering on December 11-12, signalling it will continue to pump money into the U.S. economy during 2013 in a bid to bring down unemployment.

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Morning Nifty inches closer to 6000

At 10.13 Hrs on Tuesday morning Nifty inches closer to 6000, bank shares build on gains

Key equity benchmarks Sensex and Nifty leapt rallied in early trade Tuesday, with brokers attributing the surge as sentiment-driven more than anything else. The Sensex climbed to a 20-month high and the Nifty to a 23-month high.

Brokers said the market is betting that the Banking Laws Amendment Bill, a key policy reform, will be passed in Parliament today. Overall, the Winter Session of the Parliament has turned out to be better than expected with the ruling UPA-coalition managing to push through the contentious retail FDI Bill, and a few other important Bills like anti-money laundering and debt recovery.

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Oil climbs above $107 on strong Chinese demand

Oil climbs above $107 on strong Chinese demand

Brent crude oil rose above USD 107 a barrel on Monday, snapping five straight days of losses after Chinese data showed the world's biggest energy consumer was rebounding after a slowdown.

China's implied oil demand in November surpassed 10 million barrels per day (bpd) for the first time while its crude imports rose to the second-highest daily rate on record, providing more evidence of recovery after data over the weekend showed refinery runs rose to a new high.

Brent futures gained 50 cents to USD 107.52 a barrel by 0855 GMT, ending its longest losing streak since early November. The North Sea contract shed almost 4 percent last week.

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Gold rates trading higher in major cities in India

On Monday at 15:29 Gold rates trading higher in major cities in India

Spot gold rates were trading higher in major cities in India. In Delhi market, Standard gold (995 purity) was up Rs 150 at Rs 31460 and pure gold (999 purity) was up Rs 150 at Rs 31660. 

In Jaipur market standard gold (995 purity) was up Rs 180 at Rs 31430 and pure gold (999 purity) was up Rs 180 at Rs 31455.

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Silver prices trading higher

On Monday at 15:42 Silver prices trading higher

Silver prices were trading higher in major metros in India. In Mumbai market, Pure silver (999 purity) was up Rs 300 at Rs 63325 and in Delhi market it was up Rs 550 at Rs 62250.

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Sensex, Nifty end flat; charts say mkt in overbought state

Sensex, Nifty end flat; charts say mkt in overbought state

Indian shares recovered from the day's low to provisionally end flat on Monday led by a rally in public sector banks on hopes that legislation on banking sector reforms would be passed during the current session of parliament. The consequent changes would lead to the issue of new banking licenses.

The Sensex closed down 14.41 points or 0.07 percent at 19409.69, while the Nifty up 1.50 points or 0.03 percent at 5908.90.

The rally in banks was led by heavyweight HDFC (up 3.15%) followed by Punjab National Bank (2.35 percent), Bank of India (4.3 percent) and Bank of Baroda (up 4.11 percent).

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MCX GOLD April'13 contract trades firm

MCX GOLD April'13 contract trades firm

GOLD prices on MCX were trading firm. At 10:59 hrs MCX GOLD February contract was trading at Rs 31354.00 up Rs 28.00, or 0.09%. The GOLD rate touched an intraday high of Rs 31399.00 and an intraday low of Rs 31341.00. So far 3108 contracts have been traded. GOLD prices have moved up Rs 159.00, or 0.51% in the February series so far.

At 10:59 hrs MCX GOLD April contract was trading at Rs 31755.00 up Rs 37.00, or 0.12%. The GOLD rate touched an intraday high of Rs 31795.00 and an intraday low of Rs 31740.00. So far 132 contracts have been traded. GOLD prices have moved up Rs 800.00, or 2.58% in the April series so far.

At 11:00 hrs MCX GOLD June contract was trading at Rs 32115.00 up Rs 37.00, or 0.12%. The GOLD rate touched an intraday high of Rs 32145.00 and an intraday low of Rs 32115.00. So far 3 contracts have been traded. GOLD prices have moved down Rs 79.00, or 0.25% in the June series

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Rupee opens higher

Rupee opens higher

The rupee higher at 54.32/33 levels in opening trades as regional equities were positive. The pair had closed at 54.47/48 on Friday.

Asian FX were trading mixed.

"The INR opened positive but also immediately got offered. It seems that the market is front-running for the Bharti Infratel IPO,"

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Nifty open weak; midcaps continue to inch up

AT 09.39 Hrs Sensex, Nifty open weak; midcaps continue to inch up

Key benchmarks Sensex and Nifty opened sluggish Thursday, but investors continued to keep faith in mid and small cap shares, betting them to be reasonably valued compared to

 their large cap counterparts.

The BSE Sensex was down 128 points at 19263 and the Nifty was down 43 points at 5857. Market breadth was negative on the NSE with over 600 stocks declining, compared to 550 stocks that gained.

Nifty December futures were quoting at a premium of 27 points to spot, an indication that traders are betting the uptrend to resume shortly.

Shares of retail firms were up in early trade after the Bill to allow foreign direct investment in retail was passed in the Lok Sabha on Thursday. Shoppers Stop was up 4% at Rs 482 and Pantaloon Retail was up 3 percent at Rs 244.

IT shares continue to slide after Cognizant's guidance of 16% growth in revenues for 2013 has stoked concerns of a slowdown in outsourcing projects to Indian software services firm.

Shares of Infosys and HCL tech were down over a percent each.

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Rupee could rise to 52 per dollar by end of 2013 in a note.

Rupee could rise to 52 by end-2013

Rupee could rise to 52 per dollar by end of 2013 in a note.

The government winning the vote on foreign direct investment in multibrand retail will continue to help the rupee despite questions on whether the reform will be approved by the upper house and concerns about its implementation.

The rupee today rose by 14 paise to 54.40 against the dollar in early tra

de at the Interbank Foreign Exchange market on continued selling of the US currency by exporters and banks.

Besides, a higher opening in the domestic equity market and strengthening of euro, which hovered at seven-week high against the American currency overseas, supported the rupee.

Meanwhile, the BSE benchmark index Sensex extended yesterday's gains by rising 99.74 points, or 0.51 per cent, to 19,491.60 in early trade today.

The rupee had gained 14 paise to close at 54.54 against the dollar yesterday after the ruling government's victory in Parliament over FDI in multi-brand retail sector amid sustained selling of the US currency.

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Retail shrs hit a high as FDI clears Lok Sabha test

Retail shrs hit a high as FDI clears Lok Sabha test

Investors rushed to buy retail stocks on Thursday after the government won a vote in the Lok Sabha to allow foreign direct investment in multi-brand retail sending companies like Pantaloon Retail, Shoppers Stop and Trent to a 52-week high on opening.

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Sensex, Nifty trade flat; Sterlite, Hindalco toppers

Sensex, Nifty trade flat; Sterlite, Hindalco toppers

Towards late afternoon, the market witnessed sudden weakness with the Nifty slipping below 5900. At 15.02 hrs IST, the Sensex is up 43.53 points or 0.22% at 19391.65, and the Nifty up 6.45 points or 0.11% at 5895.70.

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Gold prices near one-month low

Gold prices near one-month low

Gold importers in India booked deals for the peak wedding season as prices stayed near their lowest level in a month, eyeing the key parliament vote on entry of foreign super markets and its impact on the rupee.

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Silver prices trading lower in major metros in India

Silver prices trading lower in major metros in India

Silver prices were trading lower in major metros in India. In Delhi market, Pure silver (999 purity) was down Rs 965 at Rs 61435 and in Jaipur market it was down Rs 900 at Rs 61200.

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MCX GOLD Feb'13 contract trades higher

AT 11.13 hrs MCX GOLD Feb'13 contract trades higher

MCX GOLD February contract was trading at Rs 31422.00 up Rs 56.00, or 0.18%. The GOLD rate touched an intraday high of Rs 31453.00 and an intraday low of Rs 31356.00. So far 3910 contracts have been traded. GOLD prices have moved up Rs 227.00, or 0.73% in the February series so far.

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MCX SILVER March'13 contract gains

AT 11.14 Hrs MCX SILVER March'13 contract gains

MCX SILVER March contract was trading at Rs 62892.00 up Rs 387.00, or 0.62%. The SILVER rate touched an intraday high of Rs 62972.00 and an intraday low of Rs 62610.00. So far 5071 contracts have been traded. SILVER prices have moved up Rs 6097.00, or 10.74% in the March series so far.

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Sensex off day's high; BSE IT index loses 1%

AT 10.58 this morning Sensex off day's high; BSE IT index loses 1%

Indian equity benchmarks erased half of early gains due to weakness in technology stocks. However, Asian markets remained firm following rally in Chinese equities; Shanghai surged 3 percent while Hang Seng gained 1.55 percent.

The 30-share BSE Sensex rose 46.76 points to 19,394.88. Meanwhile, the 50-share NSE Nifty was up 9.35 points at 5,898.60 that hit 5900 today in early trade for the first time since April 2011.

Country's second largest software services exporter Infosys fell 1.5 percent as Nasdaq will drop the stock from its 100 list with effect from next Wednesday. Its rivals TCS and Wipro were down 0.55 percent and 1.77 percent, respectively

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MCX SILVERM June'13 contract trades lower

AT the closing of the day MCX SILVERM June'13 contract trades lower

SILVERM prices on MCX were trading lower. At 15:13 hrs MCX SILVERM February contract was trading at Rs 63374.00 down Rs 475.00, or 0.74%. The SILVERM rate touched an intraday high of Rs 63902.00 and an intraday low of Rs 63322.00. So far 33422 contracts have been traded. SILVERM prices have moved up Rs 7884.00, or 14.21% in the February series so far.

At 15:14 hrs MCX SILVERM April contract was trading at Rs 64789.00 down Rs 517.00, or 0.79%. The SILVERM rate touched an intraday high of Rs 65478.00 and an intraday low of Rs 64712.00. So far 1619 contracts have been traded. SILVERM prices have moved up Rs 710.00, or 1.11% in the April series so far.

At 15:13 hrs MCX SILVERM June contract was trading at Rs 66165.00 down Rs 520.00, or 0.78%. The SILVERM rate touched an intraday high of Rs 66610.00 and an intraday low of Rs 66118.00. So far 100 contracts have been traded. SILVERM prices have moved down Rs 120.00, or 0.18% in the June series so far.

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At the end of the day Sensex snoozes as FDI logjam continues

At the end of the day Sensex snoozes as FDI logjam continues

Indian equities witnessed a dull day of trade with investors glued firmly to their television sets, watching political parties battle it out on the issue of FDI in retail. The Sensex closed up 36.70 points (0.19%) at 19342.02, while the Nifty ended trade 13.20 points up (0.22%) at 5884.15

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Sensex spark-less

Sensex spark-less

Indian Benchmarks continue to remain a victim of prevailing mood, which in turn remains lackluster in absence of a dominant trigger. At 12.26 hrs IST, the Sensex was up 36.65 points or 0.19% at 19341.97, and the Nifty adv

anced 11.65 points or 0.20% to trade at 5882.60.

Top gainers on Sensex include Bajaj Auto, BHEL and Reliance Industries, registering an upmove of 2.15%, 1.84% and 1.78%. After a recent run-up, Mahindra and Mahindra (M&M) looks weak; it was trading 1.18% lower than its previous close. Among the banking stocks, SBI and ICICI Bank gained 1.5% and 1%, respectively.

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MCX GOLD Feb'13 contract trades firm

MCX GOLD Feb'13 contract trades firm

GOLD prices on MCX were trading higher. At 10:52 hrs MCX GOLD December contract was trading at Rs 31192.00 up Rs 91.00, or 0.29%. The GOLD rate touched an intraday high of Rs 31250.00 and an intraday low of Rs 31149.00. So far 322 contracts have been traded. GOLD prices have moved up Rs 1892.00, or 6.46% in the December series so far.

At 10:52 hrs MCX GOLD February contract was trading at Rs 31657.00 up Rs 94.00, or 0.30%. The GOLD rate touched an intraday high of Rs 31689.00 and an intraday low of Rs 31560.00. So far 3793 contracts have been traded. GOLD prices have moved up Rs 462.00, or 1.48% in the February series so far.

At 10:52 hrs MCX GOLD April contract was trading at Rs 32048.00 up Rs 113.00, or 0.35%. The GOLD rate touched an intraday high of Rs 32066.00 and an intraday low of Rs 31986.00. So far 105 contracts have been traded. GOLD prices have moved up Rs 1093.00, or 3.53% in the April series so far.

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MCX SILVER March'13 contract advances

MCX SILVER March'13 contract advances

SILVER prices on MCX advanced. At 10:54 hrs MCX SILVER December contract was trading at Rs 61848.00 up Rs 547.00, or 0.89%. The SILVER rate touched an intraday high of Rs 62301.00 and an intraday low of Rs 61505.00. So far 296 contracts have been traded. SILVER prices have moved down Rs 1162.00, or 1.84% in the December series so far.

At 10:54 hrs MCX SILVER March contract was trading at Rs 63801.00 up Rs 450.00, or 0.71%. The SILVER rate touched an intraday high of Rs 63918.00 and an intraday low of Rs 63450.00. So far 5186 contracts have been traded. SILVER prices have moved up Rs 7006.00, or 12.34% in the March series so far.

At 10:54 hrs MCX SILVER May contract was trading at Rs 65299.00 up Rs 474.00, or 0.73%. The SILVER rate touched an intraday high of Rs 65382.00 and an intraday low of Rs 65000.00. So far 143 contracts have been traded. SILVER prices have moved down Rs 202.00, or 0.31% in the May series so far.

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Nifty Weekly Trend

Nifty in red

Accelerated profit taking has sent benchmark indices BSE Sensex and the Nifty into red. Despite a 5% hike in foreign institution investors' cap on debt investments, which is expected to lure FIIs, profit-booking has picked up pace. At 11.36 hrs IST, the Sensex was down 33 points or 0.17% at 19306.90, and the Nifty was trading down 9.10 points or 0.15% at 5870.75.

UltraTech Cement, which rose 3.21% on the Nifty, moved on account of the news that the company was in advanced talks to buy Jaypee's cement biz in Ahmedabad. Ultratech is keen to buy Jaypee's 4.8 MTPA facility at $160-165/tonne. The deal is seen around $760-890 million.

Meanwhile, Mahindra and Mahindra, Tata Steel, Maruti Suzuki were top Sensex gainers, rising between 1.49% and 1.97%. The losers include HDFC Bank, Bharti Airtel and ITC — all losses were sub 2%.

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Nifty closes above 5850 on FM's NIB proposal

Nifty closes above 5850 on FM's NIB proposal
Finance ministers P Chidambaram's proposition in Parliament to set up National Investment Board (NIB) that monitor and advise ministries on expediting projects entailing investments in excess of 

Rs 1,000 crore captivated market participants.


The Sensex closed at 19339.90 up 168.99 points or 0.88% and the Nifty ended at 5876.20 up 51.20 points or 0.88%, About 1654 shares advanced, 1251 shares declined, and 560 shares remain unchanged.

All the major sectoral indices ended in green, barring auto, FMCG and realty. Metal stocks led the rally for Sensex today.

Jindal Steel was the top gainer on the Sensex registering 5.4% gains. Coal India and Bajaj Auto remained top losers.

The market completely ignored GDP numbers and took refuge in Finance Minister's assurance on NIB, which is part of the reforms programme planned by Chidambaram.

Indian markets have been rallying since November 20, giving hopes that Nifty may come close to the 6000 mark in December or early January. Brokerages and international rating agencies too have been upgrading India to overweight.

Weekly/Monthly Gainers

Suzlon energy gained about 28% for the week. The stock was reeling under pressure on high debt, picked upward movement as lenders agreed to restructure company’s debt.

On monthly basis, United Spirits clearly stole the show. It gained 69% in November 2012. The gains were on the back of the Diageo deal, wherein Diageo will acquire majority stake in the company.

Similarly, Jet airways soared about 57% in November 2012, on back of the news that it will enter into a deal with Etihad and may use the funds to retire debt.

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GDP slows down to 5.3% in Jul-Sept

GDP slows down to 5.3% in Jul-Sept

Gross domestic product (GDP) has slowed down to 5.3 percent in July- September versus 5.5 percent in last quarter and 6.7 percent in corresponding quarter last fiscal. Poor performance of manufacturing and agriculture sectors pulled down growth in the second quarter.

The manufacturing sector grew an annual 0.8 per cent during the quarter while agriculture output rose 1.2 per cent. However, growth gross fixed capital formation was up 4% year-on-year. 

Mining and quarrying sector, however, showed some improvement and recorded a growth of 1.9 per cent during the quarter, as against a contraction of 5.4 per cent in the second quarter of 2011-12.

The economic growth in the first six month of this fiscal (April-September) is 5.4 per cent, lower than 7.3 per cent growth clocked in the year-ago period.

In the July-September quarter, trade, hotels, transport and communications segment also witnessed lower pace of growth at 5.5 per cent compared to 9.5 per cent expansion in the same quarter in year ago.

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SENSEX CLIMBS TO 19300

Sensex climbs to 19300; metals, realty lead early gainers

Benchmark indices continued to build on the massive gains of the last couple of trading sessions, with the Sensex up nearly 150 points to 19316, and the Nifty up 35 points to 3860.

Metals, capital goods and realty shares were the key gainers in early trade. Including the gains in the first half an hour of today’s trade, the Sensex has now gained over 750 points since Tuesda

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Sensex crosses 19,000; up 24% YTD

The Sensex today breached the 19,000-mark for the first time in nearly two-months on persistent fund inflows on expectations that the government will be able to push through economic reforms.

The 30-share barometer opened on a positive note and further picked up the momentum to to trade 192.13 points, or 1.02 per cent, higher at 19,034.21, a level last seen on October 5 (intra-day) this year.

Stocks of consumer durables, FMCG, realty and auto sectors were in keen demand, helping Sensex to regain the 19,000 level. The BSE benchmark

Sensex has rallied over 336 points in the previous two sessions, after credit rating agency Moody's said that India's outlook is stable.

"Sustained foreign funds inflows on hopes that the government would be able to push through economic reforms in Parliament, helped Sensex to breach 19k level",

The 50-share NSE Nifty followed suit and shot up by a whopping 50.40 points, or 0.88 per cent, to trade at 5,777.85.

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Sensex, Nifty give up early gains, end flat:

Sensex, Nifty give up early gains, end flat:

Share prices slipped into negative territory after remaining firm for most of Tuesday. The sentiment turned weak as India’s crucial monsoon rain fell 31 per cent below average up to 2 July 2012.

Shares of consumer goods, IT services and power sector companies shed value.

At 3.30 pm, the 30-share BSE Sensex edged up 0.15 per cent or 26 points at 17,425 while the NSE Nifty inched up 9 points at 5287 after crossing the technically important 5,300-level.

Nifty looks bullish in near term to touch the Resistance level of 5325 & 5384 same as given yesterday. Support at 5295 & 5240.

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The Sensex ended at 17,399

The Sensex ended at 17,399, down 31 points or 0.2% from the previous close. It had earlier touched a day’s high of 17,486 and a day’s low of 17,363. It opened at 17, 438

The Indian equity indices ended on a flat note with a slightly negative bias at the end of a choppy session, as investors digested monthly auto sales numbers, merchandise trade data and manufacturing PMI report. Investors were also influenced by global data points in the wake of Friday's stellar global rally that was sparked by announcement of measures to quell the euro zone debt crisis

After opening on a flat note, the Indian indices initially slipped in to red. However, the BSE Sensex and the NSE Nifty managed to rise marginally in the afternoon trade on the back of a rally in the European stocks. Markets across Europe gained after the debt-plagued region's manufacturing PMI data came in ahead of consensus estimate. However, stock indices in Spain and Italy reversed early gains to turn flat.

The Sensex ended at 17,399, down 31 points or 0.2% from the previous close. It had earlier touched a day’s high of 17,486 and a day’s low of 17,363. It opened at 17, 438.

The NSE Nifty settled at 5279, unchanged from Friday's close. It touched a day’s low of 5,263 and day’s high of 5,302.

ITC, Jindal Steel, Hero Motocorp, Tata Motors, Hindustan Unilever, TCS, Bajaj Auto, Power Grid and Cipla were the notable losers on the Sensex and the Nifty today.

ACC, DLF, Grasim, HDFC Bank, Bharti Airtel, JP Associates, Cairn and Sterlite Industries were among the gainers on the Nifty.

Nifty looks bullish in near term to touch the Resistance level of 5325 & 5384. Support at 5295 & 5240.

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NIFTY OUTLOOK- 02 JULY 2012-

NIFTY OUTLOOK- 02 JULY 2012-

Indian market closes off in highly positive territory as Market got supported by the Currency i.e. Rupee appreciation .Further It was unable to cross its major resistance at 5320 .

Support- 5265 & 5180

Resistance- 5320 & 5385

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Sensex at 2-month high

Sensex at 2-month high; European mkts strong on EU summit-

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The 30-share BSE Sensex gained 23 points

The 30-share BSE Sensex gained 23 points or 0.14% to close at 16,991, while the 50-stock Nifty index advanced 7 points to 5,149 Thursday. Markets closed with modest gains for the third straight day. The rupee also traded higher against the dollar.

Trade was choppy on account of the derivatives expiry, with the volatility rising marginally. However, the benchmarks refused to move out of the narrow range, which has characterized trade over the last few days.

Banking stocks came under some selling pressure today after global banking major HSBC exited two Indian private sector lenders - Axis (-2.2%) and Yes Bank (-2.2%).

Tata Motors (0.5%), India's biggest commercial vehicles manufacturer, however rebounded to close higher. The stock had been under selling pressure for the second day on a row.

On the Nifty, 27 of the 50 stocks ended with gains. Infra Major Jaiprakash Associates (2.95%) was the top gainer, followed by cement major Ambuja (2%), and Tata Steel (2%).

Mining majors Sesa Goa (-2.9%) and Sterlite (-2.3%), and gas utility firm Gail India (-2.5%) were the top three Nifty losers. IT major HCL Tech (-2.3%) was also among the big Nifty laggards.

Support remains same at 5091 & 5032 level. Resistance is at 5163.

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Sensex, Nifty end flat

Sensex, Nifty end flat :

The 50-share NSE Nifty remained in a consolidation phase for the second consecutive session on Wednesday, especially ahead of F&O expiry tomorrow. European markets too were marginally higher amid volatility as investors seem cautious ahead of major event - European Union summit scheduled for June 28-29 in Brussels.

Metals and mining stocks extended gains in late trade session; Tata Steel shot up 2.5%. Coal India, Sterlite Industries and Hindalco Industries climbed 1-1.8%.

Sensex is up 61 points and the Nifty again hold the 5,100 mark and closed up 21 points at 5141 level.

Market is likely to face the resistance level of 5163 now.Support can be seen near 5091& 5032 level.

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TECHNICAL OVERVIEW :- MCX GOLD AUGUST BULLISH

TECHNICAL OVERVIEW :-

MCX GOLD AUGUST BULLISH

Resistance 1 – 30455

Resistance 2 – 32100

Support 1 – 28940

Support 2 – 27650

Strategy – Buy on dips

MCX SILVER JULY CONSOLIDATE

Resistance 1 – 54100

Resistance 2 – 56400

Support 1 – 52441

Support 2 – 50990

Strategy – Buy on dips

MCX CRUDE OIL JUNE BEARISH
Resistance 1 – 4740
Resistance 2 – 4980
Support 1 – 4510
Support 2 – 4290
Strategy – Sell on higher levels




MCX COPPER JUNE CONSOLIDATE
Resistance 1 – 427
Resistance 2 – 451
Support 1 – 396
Support 2 – 351
Strategy – Sell on higher levels

MCX NICKEL JUNE BULLISH
Resistance 1 – 970
Resistance 2 – 1020
Support 1 – 913
Support 2 – 860
Strategy – Buy On Dips

MCX ZINC JUNE CONSOLIDATE
Resistance 1 – 105.10
Resistance 2 – 108.30
Support 1 – 101.90
Support 2 – 97.30
Strategy – Sell on higher levels

MCX LEAD JUNE CONSOLIDATE
Resistance 1 – 106.10
Resistance 2 – 109.80
Support 1 – 101.20
Support 2 – 96.70
Strategy – Sell on higher levels

MCX ALUMINIUM JUNE CONSOLIDATE
Resistance 1 – 107.40
Resistance 2 – 111.10
Support 1 – 104.20
Support 2 – 102.60
Strategy – Buy On Dips

MCX NATURAL GAS JUNE CONSOLIDATE
Resistance 1 – 155
Resistance 2 – 171
Support 1 – 124
Support 2 – 99
Strategy – Sell on higher levels

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A quiet start for the stock markets

A quiet start for the stock markets today with the Sensex and Nifty opening flat despite weak global cues. Sensex is up 24.42 points and the Nifty is holding on to the 5,100 mark, as investors digest a spate of negative news flow from the overseas markets amid disappointment over the government’s measures announced on Monday to boost the Rupee.

It was completely a range bound session for the BSE Sensex and NSE Nifty on Tuesday as the market took its time to digest lower than expected measures announced by RBI yesterday to curb rupee's slide and weak global cues.

Market is likely to face the resistance level of 5134.Support can be seen near 5091& 5032 level.

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Copper prices are expected

Copper prices are expected to witness a range bound move as from 414 to

406, one can look for buying opportunity around 409 with a stop loss below

405. Fresh buying could witness above 415.

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SBI, L&T, Infosys lead

Sensex rises 100 pts; ICICI Bank, SBI, L&T, Infosys lead

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Commodity of the week- Crude Oil

Commodity of the week- Crude Oil

For this week we have picked commodity of week is crude oil. For the next week crude oil could be bearish.as we saw last week, crude oil was not sustaining at higher levels and reverse from level of 4760.So for the coming week in crude oil one should go for sell on higher levels strategy. If it sustains below the level of 4525 then below the level of 4485 it could reach around the level of 4450.

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Euro zone discuss capital controls

Euro zone discuss capital controls if Greece exits euro

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Bank shares gain on hopes

Bank shares gain on hopes for CRR cut -

Banking shares reverse earlier losses on rising hopes of twin cuts in the repo rate and the cash reserve ratio at the RBI meeting on June 18.

Data showing industrial output grew a weaker-than-expected 0.1 percent in April from a year earlier, adds to the case of more aggressive action from the RBI, traders say.

Inflation data on Thursday will be key: a Reuters poll shows WPI likely accelerated 7.60 percent in May from a year ago, the fastest pace this year.

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Brent slips below $98

Brent slips below $98, Europe debt fears weigh

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Industry output

Industry output grows at 0.1% in April

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Nickel prices as expected

Nickel prices as expected tested the 960 mark one can buy on dips around

955 -950 with a stop loss below 938 for the target at 980 -985.

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Copper prices are expected

Copper prices are expected to witness a range bound move as from 414 to 406, one can look for buying opportunity around 408 with a stop loss below 404. Fresh buying could witness above 415.

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Gold prices can further inch up till 29880

Gold prices can further inch up till 29880 -29930 whereby we expect selling pressure to continue, one can maintain a stop loss above 30080.

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Silver prices are expected to trade

Silver prices are expected to trade within the broader range from 55250 to 53500 one could trade within the range. Oscillators too suggest a flat to positive move.

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Gold in bear territory

Gold in bear territory, upside capped at $1700

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कमोडिटी एक्सचेंज एनसीडीईएक्स

कमोडिटी एक्सचेंज एनसीडीईएक्स ने सोयाबीन और सरसों पर लगी स्पेशल कैश मार्जिन घटा दी है। एफएमसी के निर्देश के तहत एनसीडीईएक्स ने सोयाबीन पर खरीद के सौदों पर 10 फीसदी की स्पेशल कैश मार्जिन घटा कर 5 फीसदी कर दिया है।

साथ ही सरसों पर भी ये मार्जिन 10 फीसदी से घटाकर 5 फीसदी कर दी गई है। नई कैश मार्जिन 8 तारीख से लागू होगी। जल्द ही एफएमसी चने में भी मार्जिन घटा सकता है। एग्री कमोडिटीज में सट्टेबाजी और जरूरत से ज्यादा तेजी रोकने के लिए एफएमसी ने स्पेशल कैश मार्जिन लगाई थी।

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Jeera Update

Jeera Update-

A drop in domestic supplies at the end of the peak arrival season and some buying at lower levels supported an upside in Jeera. Daily arrivals at Unjha, a major market in the western state of Gujarat, have dropped to around 7,000-8,000 bags of 60 kg each from 8,000-10,000 bags in the previous week.

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Oilseeds and soy oil futures rose

Oilseeds and soy oil futures rose more than 1 percent on Wednesday taking cues from higher overseas prices and tight domestic supplies. Soybean stocks have dropped because of aggressive crushing by millers earlier this year to feed robust export demand for meal. With an estimated drop in rapeseed output, India, which is a big importer of vegetable oils, will be more vulnerable to world prices. At Sri Ganganagar in Rajasthan, rapeseed climbed 61 rupees to 3,631 per 100 kg.

Outlook for Soybean is up for the day. CPO is expected to trade up for the day

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EUR/USD ON 2 YEAR FRESH

EUR/USD ON 2 YEAR FRESH LOW.................FINALLY THE WAIT IS OVER.

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Bharti Said to Near Purchase

Bharti Said to Near Purchase of Qualcomm’s Indian Mobile License-

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Facebook Increases IPO Price

Facebook Increases IPO Price Range to $34-$38 a Share-

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Nifty is continuing its bearish trend

Nifty is continuing its bearish trend where 4850 is likely to test which will be the key support level.

Since momentum is bearish so traders are advice to short on any small intraday rally @ resistance level of 4946/4970.

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BUY REL INFRA

CALLS OF THE DAY:

BUY REL INFRA ABOVE 530 TGTS 535 540 545 SL 524

BUY JIAN IRRIGATION ABOVE 85.10 TGTS 86 86.9 87.8 SL 84.10

BUY INFOSYS 2400 CALL OPTION ABOVE 79 TGTS 87 95 103 SL 69

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S&P's turns negative on India

S&P's turns negative on India

Citing a slowdown in investment and economic growth which has widened the current account deficit, Standard and Poor's (S&P's) revised its outlook on India to negative. It affirmed BBB- rating for India and warned that the country stands one out of three chance of a downgrade if external positions worsen. The rating agency said the government will face headwinds in implementing policy reforms.

This news sent shock waves across market, sending Sensex down by more than 150 points. The rupee reacted by moving to 52.65 to a dollar.

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Nifty will hold 5150-5200

Oil slides below USD 118 on euro zone worries

SBI may not cut base rate in near-term 

Nifty will hold 5150-5200

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