Brexit Impact On Domestic Markets

Brexit, Britain's exit from European union influenced the whole world causing a lot of volatility. Brexit took away around Rs 4 Lakh Crore from Indian markets. Maximum loss is afforded by the Tata group as Tata group have significant exposure to the UK and European markets. Top group companies — Tata Motors, Tata Steel, Tata Elxsi, Tata Global Beverage and TCS which together are 83% of total market capitalisation of the Tata Group companies. Market capitalization of the Tata group companies had a sharp drop of Rs 29898 crore. Traders lost around Rs 13243 Crore on a single day.

Sensex deviated from the positive graph straight back to the 1000 points negative graph. However it managed to get back 400 points and closed at 26397 and Nifty dropped 181 points to 8088 points. All the Indian sectors traded highly negative touching the grounds. In Asian markets, Nikkei being the highest loser dropped 1286 points to 14952. All other indexes in the Asian markets traded down to negative. In Bullion market, Gold prices topped 26 months prices yesterday. Prices increased Rs 1487 to Rs 31,401 per ten grams. Silver prices paced up too with increase of Rs 1202 to Rs 42,392 per kg. Crude oil prices dropped Rs 89 to 3266 while Natural Gas prices remained all the more same at Rs 181.

Stock Market Trading Higher, Profitable Stocks Recommendations

On the last trading session of this week, Market opened in flat today again. However market is trading in green currently. Sensex live at 26910 with 147 points up and Nifty live at 8249 with 45 points hike. Indian currency fell in its early trade, it opened at 66.80 against dollar weak by 9 paise. Asian Market is trading negative too except the Taiwan index is trading positive. Gold prices dropped Rs 109 to Rs 29,828 while Silver live at Rs 40,848 per kg. 

Stocks Recommendation By Experts

Tata Communications has installed 8000 White Label ATM's in 20 states. 

Buy Tata Communications at / above: 456.89 Targets: 462.01 - 467.4 - 472.82 Stoploss : 451.56 

Reliance Communications has been the worst performer in call drop test held in Hyderabaad. 

Buy Reliance Communications Ltd. at / above: 50.76 Targets: 52.53 - 54.36 - 56.22 Stoploss : 49 

Minda Industries will replace Starlite Tech from 15 June in BSE 500 Index.

Buy at / above: 1190.25 Targets: 1198.29 - 1206.95 - 1215.65 Stoploss : 1181.64

Stock Market Moving Up, Commodity Market Down

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.

Stock and Commodity Latest Updates

On the first day of fresh new week market opened with a green signal. Sensex with many ups and downs is roaming around 25280 points and Nifty is revolving around 7777 points. Sectors like Capital goods, HealthCare, IT, Oil and Gas and Teck are trading negative. In Asian market, Taiwan Index is trading at higher pace with a jump of 213 points to 8344 points. Except Nikkei, all other indexes of Asian market are trading positive.

Prices of crude oil dropped today. This effect is seen due to strengthening of Dollar and increasing supply of Crude oil. Last week Gold prices dropped down while today Gold Prices increased their pace but are at a down level compared to last 3 weeks. In international market gold prices increased by 0.1% to 1,252.92 Dollar per barrel while in MCX it is trading on 29,644 Rupees. While Silver is down on Monday too with 0.92% to 39,466. Prices of Natural Gas increased by 3.17% to Rupees 143. Today Rupee open strengthened with 15 paise against Dollar at 67.30 while on Friday it closed on 67.45 against Dollar. Currently it is trading on 67.35 against dollar.

Boom in Asian Market, Indian Market Stable

On the first day of fresh new week, market opened with the green signal. Sensex is marginally down by 28 points at 25461 and Nifty is hovering around 7800. There is mixed and match outcome of different sectors in India. The biggest loser is S&P BSE BANKEX sector. Today rupee was weak by 13 paise and opened at 66.90 against dollar. A high speed is seen in Asian markets. Benchmark index of Japan Nikkie jumped 200 points and the market of Hong Kong strengthened by 250 points. The top gainer in both NSE and BSE is Dr. Reddys Lab. The top loser in NSE is Bank of Baroda and in that of BSE is SBI. Todays Gold prices are 30,064 and Silver’s price is  41,393. There was a uplift of 34 rupees in crude oil prices at 3,131.

Gold prices extend gains; Now at 3-month high

New Delhi Gold's two-week winning run proceeded, as its prices surged Rs. 245 to a three-month high of Rs. 27,425 per 10 grams at the bullion market, driven by a firming worldwide pattern and substantial purchasing by jewelers to take care of wedding season demand. 

Silver additionally picked up Rs. 100 to Rs. 36,600 per kg, because of expanded offtake by industrial units and coin makers.

Bullion merchants said other than a firming pattern abroad where gold recorded its greatest rally in seven months, energetic purchasing by diamond setters to take care of rising regular demand primarily lifted gold prices, to right around a three-month high. 

All around, gold in New York, which regularly sets value pattern on the residential front, increased 0.6 for every penny to USD 1,159.60 an ounce in yesterday's trade. Prices aroused 4.2 for every penny this week, the most since January 16. Decreases crosswise over worldwide value markets prodded interest for the yellow metal as a place of refuge. 

Moreover, a deteriorating rupee against the dollar, making imports extravagant, likewise upheld the upward development in gold prices, they said. In the national capital, gold of 99.9 per cent and 99.5 per cent virtue surged Rs. 245 each to Rs. 27,425 and Rs. 27,275 for every 10 grams, individually, a level keep going seen on May 26. 

The valuable metal had picked up Rs. 2,200 in past 12 days. The sovereign, on the other hand, held relentless at Rs. 22,600 for every bit of eight grams. Silver promptly rose further by Rs. 100 to Rs. 36,600 per kg and week after week based conveyance by Rs. 15 to Rs. 36,200 per kg. 

Then again, the cost of silver coins for 100 pieces was unaltered at Rs. 52,000 for purchasing and Rs. 53,000 for offering.