Press Release (ePRNews.com) - INDORE, India - Oct 17, 2016 - Share Market Tips | Free Commodity Tips
SENSEX UP + 102.54 @ 27776.14,
NIFTY FUTURE UP + 3.00 8608.00,
BANK NIFTY FUTURE UP + 93.80 @ 19180.00
USD/INR – 66.80.
Equity benchmarks remained rangebound after over a percent loss in last week while the broader markets continued to outperform.
The 30-share BSE Sensex was up 53.20 points at 27726.80 and the 50-share NSE Nifty rose 2.45 points to 8585.85. The BSE Midcap and Smallcap indices gained 0.4 percent each on positive breadth.
About two shares advanced for every share falling on the exchange.
ICICI Bank extended rally to 5.5 percent on hopes of repayment of loan from Essar Oil. The deal with Russia’s Rosneft will help Essar substantially reduce interest costs and debt.
MCX SUPPORT & RESISTANCE LEVEL
GOLD JUNE FUTURE
SILVER JULY FUTURE
CRUDE OIL JUNE FUTURE
COPPER JUNE FUTURE
INTERNATIONAL MARKET UPDATE
GOLD $ 1255.65.
SILVER $ 17.457,
CRUDE OIL $ 50.25,
PRECIOUS METALS FUNDAMENTAL OUTLOOK
Precious metals are trading lower on COMEX today. We expect prices to trade range bound for the day, after a firmer U.S. dollar after positive U.S. economic data late last week appeared to raise the chance of an interest rate hike by year-end
Industrial metals are trading mix on International bourses today. We expect prices to trade higher for the day, after remarks by the Federal Reserve chair suggested the U.S. central bank may stick with loose monetary policy for longer, which shored up investor appetite for commodities.
Crude oil is trading lower on NYMEX today. We expect prices to trade range bound for the day, with a rising rig count in the United States, a strong dollar and record OPEC-output which comes amid slowing global economic growth that could erode fuel demand.
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