Commodity Market Update (Copper)

Gold and Silver prices are trading in a tight range. Gold is trading at 1172.80 while Silver is trading at 15.77 an ounce, as we write this. The Greece factor had driven prices in short term and market is likely to follow it for the day. The very short term bias is negative and we can see prices moving down in near term. Base metals on LME are in red with Nickel leading the laggards with a decline of 1.45% at 12530.00 and Copper is at 5746.0, -0.24%. Other metals are also lower and are likely to continue the prolong decline in coming hours too. Crude Oil and Natural Gas prices on NYM is at 59.49 and 2.81 respectively. Crude Oil prices are down by 0.28% and NG is lower by 1.26% at the time of writing this. Intraday bias for Crude Oil is neutral while that for NG is negative.

No major economic releases from US may keep market subdued.

Closing Summary, Market Synopsis: 26th June, 2015

World stocks fall before crunch weekend for Greece; Nifty ends below 8400: Markets have closed the session on a lower note tracking weakness among banks, capital goods and metal shares. Further, global markets are also witnessing weak trend as Greece and its international creditors yet again failed to sign a truce. The Sensex ended down 84 points at 27,812 and Nifty closed 17 points down at 8,381. On the currency front, the rupee continued to trade flat against the US dollar at 63.60 as gains in the US currency overseas capped upside gains. Meanwhile, RBI Governor Raghuram Rajan has asked central banks from across the world to define "new rules of the game" as he warned that the global economy may be slipping into problems similar to the Great Depression of the 1930s.

Morning Summary, Market Synopsis: 26th June, 2015

Flat start!! Nifty Hovers around 8400: Benchmark indices opened the first session of the July F&O series in red tracking the cues from global markets as Greece and its international creditors yet again failed to sign a truce. he 30- share Sensex opened at 27,886 levels, down by 18 points while the 50-share Nifty, which yesterday closed just shy of 8,400 mark, commenced the session at 8,395 levels, down by 3 points. On the currency front, the rupee opened a tad bit lower at 63.64 against its previous close of 63.62.

Closing Summary, Market Synopsis: 25th June, 2015

Markets resume winning streak; Nifty ends tad below 8400: Markets have closed the session on a higher note with capital goods and oil shares leading the gains. Ignoring Greek woes, the sentiment was boosted as earlier in the day Prime Minister Narendra Modi launched smart cities, housing for all and urban rejuvenation schemes for Asia's third largest economy. Also, the south-west monsoon has been above normal so far in June, stoking hopes the central bank will cut rates in October than in 2016 as anticipated earlier after delivering three cuts of 25 basis points each in 2015 so far. The Sensex closed up by 166 points at 27,896 and the Nifty gained 37 points at 8,398 levels. On the currency front, the Indian rupee has marginally strengthened against the greenback to 63.56 levels against its previous close at 63.59 levels.

Morning Summary, Market Synopsis: 25 th June, 2015

Markets have a muted start on F&O expiry day: The markets have started the last session of the June derivatives series on a mildly negative note due to the subdued cues from the Asian front as negotiations to avert a Greek debt default go to the wire. Developments relating to Greece and the expiry of future & options contracts for June series are likely to impact sentiment today. At 9.45 am, the Sensex was at 27,746, higher by 17 points or 0.1% and the Nifty was at 8,363, up two points. The rupee opened flat at 63.60 per dollar and was unchanged in early trade compared to previous day's closing value.

Commodity Market Update (Crude Oil)

On Comex, precious metals are trying to rebound from week’s low ahead of quarterly US GDP data later in the session. Gold future prices are quoting at $1178 per troy ounce, higher by one dollar and Silver prices are trading at $15.84 per troy ounce, up by 10 cents. On Nymex, WTI Crude Oil prices nudged higher on bets of US supply drop and uncertainty over Iran deal. Crude Oil is trading at $61.11 per barrel, rose by 10 cents and Natural Gas is trading at $2.77 per mmBtu, higher by more than one-and-half percent. On LME, base metals are trading on mixed note. Copper prices are currently quoting at $5770 per tonne, up by 18 dollars and Lead is selling at $1802 per tonne, higher by eight points. Nickel is trading in red at $12815 per tonne, down by 35 points while Aluminium and Zinc are trading almost flat at $1726 and $2055 per tonne respectively.

Closing Summary, Market Synopsis; 24 th June, 2015

Markets snap 8 days winning streak as Greek Debt drama continues: Markets ended lower, snapping their eight-day winning streak, amid profit taking in late trades on reports that the new proposal presented by Greece to avoid debt default was not acceptable to the creditors. Further, investors have turned cautious ahead of the June derivative contracts set to expire tomorrow. The 30-share Sensex ended lower by 74.70 points at 27,729.67 and the 50-share Nifty dipped 20.70 points at 8,360.85. In the currency front, the Indian rupee was trading lower at 63.65 to the US dollar compared to the previous close of 63.63.