Commodity Market Update (Crude Oil)

Precious metals are trading lower since morning on the speculation that Federal Reserve may reduce their stimulus in the next meeting. Actively traded Gold contract is trading at 1405.10, down 6.80 points or half a percent while Silver plunged over 2% or 49 cents to trade at 23.93 an ounce. Base metal prices are trading lower and erasing its last session gain with Copper trading at 7178.00, leading the industrial metals group, down a percent or 74.75 points, followed by rest of the metals. WTI Crude Oil is losing 0.64% or 68 cents to trade at 107.85 whereas Natural Gas is trading in green at 3.68 with a marginal gain of 0.35% or a cent per mmBtu.

Morning Summary, Market Synopsis: 4th September, 2013

Indian equity market started on a bullish note with Sensex opening higher by 80 points to 18314.68 and Nifty surged 17 points to 5358.65 at the time of market opening. Indian rupee opened weak at 68.10 versus the previous close of 67.73 and tested a low of 68.62 per dollar. Rupee witnessed recovery from the early high to trade at 68.0 as we write this. Indian market is very volatile today and expected to remain same for the day, traders are advised to remain cautious ahead of the rupee/dollar volatility in coming hours. On International space, US market ended lower as the ongoing worries over the military action against the Syria weighed on prices. Asian equity market also trading down today. On BSE, Midcap and Small Cap are trading up by 0.49% and 0.22% respectively and on sectoral front, IT and Teck are the top performer to gain 1.96% and 1.83% respectively while Realty is down by 1.64%.
Further the market breath stands positive with 722 shares are seen advancing against 405 declining shares. 52 shares are unchanged.

Closing Summary, Market Synopsis: 3rd September, 2013

The Indian benchmarks ended the day on a negative note on September 3, 2013. After doing a brief crossover of 5568 , Nifty futures collapsed loosing most gains of last few days as INR resumed its uptrend. It was Banks where patterns remained fragile as it again failed to cross important resistance & resumed down leg. On closing basis Bank Nifty dropped to new low today. Panic button was pressed as INR weakness resumed after just a few days of sideways trade. INR again was the weakest trading emerging currency moving back close to previous highs. Nervousness over US attack on Syria remained high raising concerns over crude supply which adds to India's woes. Nifty futures dropped to 15pts discount as shorting resumed. All stronger names which saw buying in last few days - HDFC, HDFC Bank, ITC, IndusInd Bank, Asian Paints etc saw massive sell-off. Selling in IT stocks towards close added to the pressure. Reliance saw largest percentage slide since Jul'09.ITC & Reliance cracked sharply below 200DMA. Bank Nifty/ Nifty ratio broke down to Jul'09 lows. Side markets outperformed.
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Further, the market breadth closed negative as five stocks were seen advancing against nine declining stocks.

Commodity Market Update (Silver)

Gold and Silver prices are highly volatile with Gold near month contract is down by 3 points or 0.23% at 1392.7 and Silver is trading up by 3.09% or 72 cents at 24.24 an ounce. The near term outlook is likely to remain positive for precious metals. Base metals on LME are trading in red with Copper at 7212.0, down 30 points or 0.40% and Lead is lower by 1.19% at 2156.0. Base metals prices are expected to trade with a negative bias in coming hours. Crude Oil front month contract on NYMEX is trading down by 0.45% at 107.20 per barrel and Natural Gas is up by 2.26% at 3.66 at the time of writing this.

Morning Summary, Market Synopsis: 3rd September, 2013

Sensex and Nifty started the day on a positive note with Sensex opening at 19002.7 versus the previous closing of 18886.13 and Nifty surged 25 points to open the day at 5574.70. However, market started in green but failed to sustain in and dropped sharply in the early minutes. Nifty is down by 50 points and Sensex is trading at 18758.10, -131 points as we write this. Rupee begin the day with a decline of 28 paise at 66.28 against the previous day's close of 66.0 and is extending its downward journey to trade at 66.75 with an intraday high of 66.90 per dollar till now. On Global front, US market was closed yesterday on account of Labor day and European shares ended positive. Asian markets are also trading firm since morning on back of strong global economic releases. On BSE, Midcap is trading unchanged and Small Cap is trading up by 0.23%. On sectoral front, Metal is the best performer to gain 0.52% whereas Bankex is the worst one to decline 1.26%.
Further the market breath stands neutral with one share seen advancing against one declining share.

Commodity Market Update (Gold)

 
Precious Metals are trading mixed on CMX with Gold trading at 1392.60, down 3.50 points or 0.25% after having tested a low of 1373.60 whereas front month Silver futures jumped around 3% or 0.68 points to trade at 24.20 per ounce. Base metals are trading higher on LME, supported by a stronger economic data from China which showed that China’s Manufacturing PMI rose to 51.0 compared to the previous of 50.3. 3-month Copper is trading at 7231.75, up 1.70% or 120.75 points and leading the metals group, followed by rest of metals which are gaining around half a percent each. WTI Crude Oil futures extended its last two-session loss as US president wants approval from Congress before taking military action in Syria which may increase supply disruption from the Middle East. Actively traded Crude Oil contract is trading at 106.88, down 0.72% or 77 cents while Natural Gas is up 2% or 7 cents to trade at 3.651 per mmBtu.

Morning Summary, Market Synopsis: 2nd September, 2013

Indian market opened positive, continuing its upward journey for the fourth consecutive session. The Sensex edged higher by 70 points to start the day at 18691.83 versus the previous closing of 18619.72 and Nifty was up by 10 points at 5480.25 at the time of market opening. Indian rupee opened at 65.10 per dollar weaker by almost 40 paise, following a weaker than expected growth data released on Friday showing YoY GDP at 4.4% versus the previous of 4.8%. On Global front, US market stocks closed in negative territory on the final trading day of August, with the Dow and S&P 500 posting their worst monthly declines since May 2012, as investors held off making large bets ahead of a long holiday weekend amid escalating worries over Syria. Asian equity markets kicked off September on a mixed note. The US market will remain closed today on account of labor day. On BSE, Midcap and Small cap are trading higher by a percent each and on sectoral front, prices are trading in green with FMCG recording the maximum gain of 2.41% while Auto is the slow mover to trade up by just 0.03% as we write this.
Further the market breath remains positive with 1029 shares are advancing against 464 declining shares.