Commodity Market Update (Gold)

Precious metals on COMEX are trading volatile since morning and trading near two weeks high after the last Friday’s steep gain on the back physical demand. Actively traded Gold contract tested a high of 1193.60 before settling at 1187.00, up 1.50 points or 0.13% an ounce and Silver is trading in red at 16.14, fell over a percent or 17 cents after having tested a low of 16.08 an ounce. With the exception of Nickel, base metals are trading lower since morning with Copper trading at 6685.00, down 21.75 points while Aluminum tested a low of 2014.25 before settling at 2020.75, down 6.75 points or 0.32% and leading the group, as we write this. WTI Crude Oil is tumbling over a percent or 1.02 points to trade at 74.80 while Natural Gas opened with a gap up of 3.30% or 13 cents to trade at 4.153 per mmbtu.

Morning Summary, Market Synopsis: 17th November, 2014

Indian equity market started the day on a flat note with BSE Sensex down 48.5 points (0.17 percent) to 27,998 while the NSE Nifty eased 17 points (0.21 percent) to 8,372 at the time of market opening. Rupee opened stronger today at 61.75 versus the previous close of 61.86per dollar. The view on rupee is positive and we can see prices edging higher in coming days. On BSE, midcap and small cap are trading higher with gains of 0.34% and 0.71%, as we write this. On sectoral front, Auto is the best performer to gain 0.89% while Metals is the worst performer to ease 0.68% as we write this.
Further the market breadth stands positive with 1256 shares are seen advancing against 1106 declining shares.

Closing Summary, Market Synopsis: 14h November, 2014

Key benchmark indices ended at a record closing high on Friday as foreign investors continued to pile into domestically oriented blue-chips amid a slide in crude oil prices and data showing easing wholesale inflation. Hopes for easing inflation are also helping spur share gains. Data on Friday showed the wholesale price index rose an annual 1.77 percent last month, its slowest since September 2009. The broader Nifty also gained 0.38 percent to end at a record closing high of 8,389.90.

The market breadth indicating the overall health of the market was positive in Nifty50 stocks, the advance to decline stood at 33 advances to 17 declines.

Morning Summary, Market Synopsis: 14th November, 2014

The market has opened flat. The Sensex is up 19.71 points at 27960.35 and the Nifty is up 2.85 points at 8360.70. The Indian rupee opened marginally lower at 61.62 per dollar versus 61.55 Thursday. Dollar holds near 7-year high versus the yen as investors continued to monitor whether Japan's leader would call an election and delay a sales tax hike. On BSE, midcap and small cap are trading higher by 0.80% and 0.75% respectively. On sectoral front, Realty is the best performer to gain 1.34% as we write this.
Further the market breadth stands positive with 1412 shares are seen advancing against 958 declining shares.

Closing Summary, Market Synopsis: 13 th November, 2014

Key benchmark indices fell on Thursday, retreating from a record high hit in the previous session as state-run oil companies such as Bharat Petroleum Corp declined after the government raised excise duty on petrol and diesel. The broader Nifty lost 0.3 percent to close at 8358, retreating from its record high of 8,415.05 in the previous session.

The market breadth indicating the overall health of the market was negative in Nifty50 stocks, the advance to decline stood at 20 advances to 30 declines.

Commodity Market Update (Natural Gas)

Precious metals on CMX are trading down volatile since morning due to weaker demand from China and weaker than expected economic data from the world largest consumer. Actively traded Gold contract tested a low of 1153.00 before settling in green at 1161.80, up 2.70 points while Silver is trading at 15.735, up 11 cents or 0.72% an ounce. WTI Crude Oil is trading at 76.77, down more than half a percent or 41 cents and Natural Gas fell more than a percent or 5 cents to trade at 4.143 per mmbtu. Base metals swung between gains and losses after data showed China’s factory output growth slowed in October but at the time of writing this industrial metal prices are trading higher. Nickel is gaining a percent or 158 points to trade at 15725.00 and Zinc is trading at 2294.75, up 0.69% or 15.75 points, followed by rest of the metals. Now, traders are looking for US Jobless Claims data which will be released tonight at 7.00PM.

Morning Summary, Market Synopsis: 13th November, 2014

The market has opened on a strong note again. The Sensex is up 79.83 points at 28088.73 and the Nifty is up 21.95 points at 8405.25. The Indian rupee opened flat at 61.48 per dollar versus 61.51 Wednesday. Britain's pound fell to a 14-month low against the dollar on Wednesday as investors pushed back rate-increase expectations to late 2015 after the Bank of England forecast low inflation. The dollar rose more modestly against other major currencies. On BSE, Midcap and Smallcap are trading flat with Midcap gaining slightly higher while smallcap are trading nominally lower as we write this.
Further the market breadth stands negative with 951 shares are seen advancing against 1049 declining shares.