Market Update

Market Watch

Thursday, 19 November 2015

Live Market Update for Today Bullion Trading

  • Gold prices revived on Thursday from more than five year lows hit in the previous session.
  • Spot gold traded up 0.3 percent to $1,073.61 anounce by 0020 GMT.
  • Silver tracked bullion, returning to positive territory after dropping to a 2-1/2-month low, while platinum languished at a seven-year low.
  • Bullion prices have fallen for 14 out of 16 sessions under pressure from expectations that the U.S. Federal Reserve is set to raise interest rates next month.
  • The Indian rupee has opened higher in early trade. It has gained 19 paise at 66.10 per dollar versus 66.29 Wednesday.
  • Gold eked out small gains on Wednesday as another bomb scare in Europe and gunfire in Paris fuelled tentative safe-haven bids, but a firm dollar kept a lid on prices that hit their lowest in nearly six years earlier in the session.
  • The market has opened higher after a sharp slide yesterday. The Sensex is up 165.64 points or 0.6 percent at 25648.16 and the Nifty is up 48.50 points or 0.6 percent at 7780.30. About 658 shares have advanced, 89 shares declined, and 24 shares are unchanged.
  • Employee unions at Coal India today opposed the government's decision to sell 10 percent stake in the miner, with one of the trade unions threatening to go on strike against the divestment.
  • Shares of Dr Reddy's tanked 7.5 percent intraday as the drug major is caught in a probe concerning possible violation federal security laws. Lundin Law PC has announced that it is investigating claims against Dr Reddy’s Laboratories concerning possible violations of federal securities laws.
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