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Tuesday, 24 May 2016

Stock Market Moving Up, Commodity Market Down

Stock and Commodity Market Today
After the signal of increase in rates from June from Federal Reserve a pressure on Gold prices was seen. Gold prices came down to the level of last month prices. Currently Gold is trading on 29680 Rs per 10gms. Silver too dropped 0.49% to 39648 per kg. After increasing the supply of crude from Iran, prices of Crude Oil fell down 0.85% to Rs 3254 per barrel. After Imposing stock limits on sugar, government took back sugar subsidies at  Rs 45 per quintal. In february government increased the sugar cess from Rs 24 to Rs 124 per quintal. Aluminium and copper are trading positive on 104 and 310 respectively. Sensex is drifting upwards and reached 25,326 points while nifty is currently trading on 7,759 points. Top gainers of NSE are NTPC, Tata Motors, Tata powers, ACC and Utratech Cement on the other hand top gainers of BSE are Tata Motors, NTPC, ICICI, Reliance, HDFC. In NSE Aurobindo Pharma, Idea Cellular, BPCL, Hindalco, Bank of Baroda are moving under the loss and in BSE Bajaj Auto, Sun Pharma, BHEL, ONGC and TCS are going under loss. In Asian Market only Hang Seng is trading Positive at 19830 points.