Market Update

Market Watch

Tuesday, 1 December 2015

Live Bullion Market Update By CapitalHeight



http://www.capitalheight.com/bullion-premium.phpGold jumped nearly 1 percent on Tuesday, extending gains above a near-six-year low on short covering and as the dollar dipped from multi-month highs.
           Spot gold rose to a session high of $1,074.34 an ounce, before giving up some gains to trade up 0.7 percent at $1,071.40 by 0319 GMT. It had gained 0.5 percent on Monday.
           Investors have been positioning for a U.S. rate hike, expected this month at the Federal Reserve's Dec.
            The market has opened in green as investors keep a keen eye on RBI credit policy review and November auto sales data. The Sensex is up 50.76 points or 0.2 percent at 26196.43 and the Nifty is up 22.90 points or 0.3 percent at 7958.15. About 527 shares have advanced, 106 shares declined, and 35 shares are unchanged.
               The Indian rupee gained in the early trade. It has opened higher by 14 paise at 66.53 per dollar versus 66.67 yesterday.
             US stocks slipped on Monday, led by declines in health and consumer shares, as investors braced for policy news from central banks.
            A federal jury in Manhattan found Silver, 71, guilty of all seven counts he faced, including fraud, extortion and money laundering, following a three-week trial.
                 A litre of diesel will cost Rs 46.55 from today compared with the Rs 46.80 now, said Indian Oil Corporation (IOC), the nation's biggest fuel retailer.                     
          The price of petrol was cut by 58 paise per litre and that of diesel by 25 paise, reversing the trend of increasing rates, on global cues. Petrol will cost Rs 60.48 per litre from mid-night tonight in Delhi as against Rs 61.06 (rpt) 61.06 a litre currently.
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The Indian stock market ended flat, after a choppy ride on Monday.   The mood was extremely cautious with investors looking ahead to GDP data and the RBI's monetary policy. The Sensex ended up 17.47 points or 0.07% at 26,145.67.  The Nifty closed at 7935.25, down 7.45 points or 0.09%. Consumer durbles, consumer discretionry and realty stocks found some support. CapitalHeight would help you in incurring profits and hence minimizing the risk associated with Indian Commodity Market. For more info visit us at www.capitalheight.com/bullion-premium.php or call at +91 9993066624, 0731 - 6615050.

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