Market Update

Market Watch

Thursday, 14 January 2016

Indian Bullion Share Market Live News By CapitalHeight

Gold turned higher on Wednesday as the dollar fell, U.S. stocks dropped and a Federal Reserve president raised concerns about inflation expectations.
            Spot gold XAU= was up 0.6 percent at $1,093.25 an ounce at 3:40 p.m. EST (2040 GMT), while U.S. gold futures GCcv1 settled up 0.2 percent at $1,087.10.
          Gold rose for a second session on Thursday, recovering from a one-week low as pressure on global equity markets and weakness in the U.S. dollar underpinned the precious metal.
            Bullion dealer Sharps Pixley has opened Britain's first showroom making gold coins and bars available to private investors in the capital's exclusive district of Mayfair, the company said in a statement.
                Infosys' third quarter earnings beat analysts' expectations with profit rising 1.94 percent to Rs 3,465 crore and revenue growing 1.7 percent to Rs 15,902 crore Q-o-Q.
             The market has opened sharply lower following global turmoil after crude fell below USD 30 a barrel. The 30-share BSE Sensex lost 266.93 points or 1.07 percent to 24587.18 and the 50-share NSE Nifty declined 85.90 points or 1.14 percent to 7476.50
             The Indian rupee declined to 67.04 per dollar mark in the opening trade, the level it saw last on December 15, 2015.
           Asian shares skidded on Thursday in the wake of steep losses on Wall Street, while a rout in oil and commodities prices, with crude plumbing 12-year lows, heightened fears about the global economy.
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