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Friday, 9 June 2017

Latest Stock and Commodity Market Updates

Stock Market Update
Equity benchmarks continued to consolidate with a negative bias. Asia turned mixed and European stocks are also likely to open mixed as UK general elections' results indicated possibility of a hung parliament. The 30-share BSE Sensex was down 59.06 points at 31,154.30 and the 50-share NSE Nifty fell 19.95 points to 9,627.30. Maruti Suzuki hit a fresh record high intraday, up nearly 2 percent after a media report indicated that the company plans to spend Rs 1,000 crore in land acquisition this year. 

Reliance Industries continued to support the market, up nearly 1 percent followed by HDFC Bank. HDFC rebounded after early losses while TCS remained higher. Infosys continued to be leading contributor to Sensex losses, down 2 percent followed by ITC, Adani Ports, L&T, Tata Motors, SBI. India’s Multi Commodity Exchange has recorded a daily turnover of Rs. 8,959.01 crore in session 1 on Thursday. 

Commodity Market Update
MCX Comdex, the composite index of metals, energy and agri-commodities was down by 8.09 point to 3042.11 point. MCX Metal index was reached at 4498.89 and MCX Energy index was reached at 2203.88 while MCX Agri index reached at 2413.41 point. MCX COMDEX is India’s maiden real-time Composite Commodity Index based on commodity futures prices of an exchange.