Thursday, 5 November 2015
Live Bullion Trading Tips By CapitalHeght
The market has opened marginally lower on Thursday. The Sensex fell 75.74 points to 26477.18 and the Nifty declined 20.40 points or 0.25% at 8019.80.
Bharti Airtel, Lupin, Vedanta, ONGC, Sun Pharma and UltraTech Cement declined nearly a percent. NTPC, GAIL, Infosys, Hindalco, BHEL, Tata Power and Asian Paints were early gainers.
Gold held near a one-month low on Thursday and looked likely to drop below the $1,100-an-ounce
Bullion extended its losing streak to a sixth session on Wednesday, after Yellen pointed to a possible December interest rate lift-off.
India's prime minister will on Thursday launch a programme to lure tonnes of gold from households into the banking system, but low returns and concerns over tax authorities hounding depositors may hinder a scheme aimed at cutting imports.
Bank Of Baroda cuts interest rates on some term deposits by up to 60 bps.
LOCAL MARKETS PREVIOUS CLOSE
* BSE index 26,552.92 (down 0.14 pct)
* NSE index 8,040.20 (down 0.12 pct)
* Rupee 65.48/65.49 per dlr (65.6450/65.6550)
* 10-year bond yield 7.65 pct (7.65 pct)
* 5-year OIS rate 6.80 pct (6.78 pct)
* 1-year OIS rate 7.05 pct (7.05 pct)
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