Lates Stock and Commodity Market Updates - Expert View

The yellow metal jumped to a 5 month high on Thursday as the U.S. Dollar slipped, followed by Donald Trump’s comments that he prefers lower interest rates with the greenback getting too strong, as also due to the rising worries over U.S. relations with Russia and North Korea.

Nifty IT witnesses biggest intraday fall since March 15, 2017. The index touched its intraday low of 10142 levels down by nearly 1.7%. TCS is the top loser in the index trading lower by 2% at Rs 2343.6 per share. Infosys Limited is trading lower by 1.7% at Rs 952 per share. The BSE Mid-cap Index is trading up 0.18% at 14372, while BSE Small-cap Index is trading up 0.59% at 14954.

Some buying activity is seen in Energy, Finance and Healthcare while FMCG, Information Technology and Telecom are showing weakness on BSE. Bank of Baroda, IndiaBulls Real Estate, Reliance Industries Limited and GAIL are among the gainers, whereas Hindalco, Infosys, TCS and Tata Steel are losing sheen on NSE.

Sensex live at 29560 with 83 points up and Nifty Live at 9181 with 21 points up.

Indian Stock Market Updates - Stock and Commodity Tips By Experts

After yesterday's rally, Indian Stock Market opened with heavy gains but however indices erased some early gains and moved down. Sensex is live at 29669 with 83 points gain while Nifty is just 3 points up at 9155. Except FMCG sector all the sectors are trading in the negative zone. BSE Small Cap is 14 points down at 13991, BSE MidCap ha lost 64 points at 13847 and Nifty MidCap is 68 points down at 16824. Reversing its 4-day climb, the rupee fell 24 paise to 65.65 against the dollar as the American currency got some of its lure back among banks and importers. The Indian Rupee had gained 28 paise to close at a fresh 16-month high of 65.41 on Thursday after the US Fed stuck to its stance of a gradual approach on future rate hikes.

Asian Market Updates: Japan's Nikkei slipped 63 points at 19562 while Hang Seng is 79 points up at 24367. China's Shanghai Composite is 8 points down at 3260.

Top Gainers: ITC, Lupin, HCL Tech, Maruti Suzuki, Axis Bank

Top Losers: Idea Cellular, Bharti Airtel, Hindalco, Zee Entertain, Bank of Baroda

Indian Stock Market Updates - Commodity Tips

Equity benchmarks as well as broader markets maintained morning gains, driven by banking & financials, FMCG and pharma stocks after Q3 GDP data surprised street. Tata Motors fell over a percent ahead of February sales data due later today. Maruti Suzuki was up 0.2 percent after sales in the month gone by grew 11 percent while Eicher Motors fell 0.6 percent as Royal Enfield sales missed analysts' expectations, growing 19 percent year-on-year.

Commodity Market Tips

PRECIOUS METALS: Precious metal prices are expected to trade low after Trump reiterated on his plans to offer tax cuts to the middle class and a higher infrastructure and defense spending. 

ENERGY: Crude oil prices are down on yesterday as concerns about rising U.S. crude inventories ahead of data overshadowed OPEC production cuts.

BASE METALS: Base metals prices are trade range bound for today as demand worries from top consumer China along with rising odds of rate hike by US Fed.

Commodity Market Tips For Crude Oil and Copper

Reliance Industries helped equity benchmarks extending gains in noon trade. The stock rallied 10 percent, hitting nearly 8-year high after announcements of tariff plans. Its contribution to benchmarks is nearly 100 percent and its current weightage in the Nifty is 6.01 percent, close to Infosys that has 6.02 percent weightage. The 30-share BSE Sensex was up 188.01 points or 0.65 percent to 28949.60 and the 50-share NSE Nifty gained 49.25 points or 0.55 percent at 8957.10. In Bullion market, Gold has lost 71 points at 29230 and Silver is 146 points down at 42690.

Crude Oil: Crude oil prices are expected to trade high for the day, while comments from OPEC members regarding compliance of production cuts remain positive for oil markets.

Base Metals: Precious metals prices are range bound for the day due to the stronger dollar index and talk of higher interest rates in the US. 

Crude Oil Tips

RESISTANCE2:3770, RESISTANCE1:3720
SUPPORT1:3610, SUPPORT2:3560

COPPER (FEB) 

RESISTANCE2:413, RESISTANCE1:409
SUPPORT1:400, SUPPORT2:396

Stock Market Inched Higher - MidCap Outperforms

Stock market opened lower today. However equity benchmarks have managed to cope up with the early losses and they are currently trading in the positive zone. Sensex is live at 28553 with 85 points up while NSE Nifty is 26 points up at 8848. In broader market, all the sectors are trading in the green side with average leads.

Indian currency Rupee is trading higher by 5 paise at 66.95 against US dollar. Telecom stocks are moving higher today.

  Top NSE Gainers: Idea Cellular, Tata Steel, GAIL, BPCL, Tata Power

  Top NSE Losers: Bosch, Yes Bank, ITC, Tech Mahindra, Hindalco

Stock Market Riding High - Stock Tips For Today

The stock market continues to rise as Sensex is 230 points up at 26863 and Nifty is up 75 points at 8265. In Commodity market, MCX Gold has hiked 189 points at 27871 and Silver jumped up 315 points at 40582. Also, Crude Oil has lost 10 points at 3611. Indian currency Rupee is moving high with 38 paise lead at 67.79 against US Dollar.

Adani Ports, Tata Steel, Aurobindo Pharm, Tata Motors and Yes Bank are todays gainers of NSE while Bharti Infratel, M&M, Tech Mahindra and TCS are top losers.

In Asian Market, except Hang Seng all the other global indices are flat. Hang Seng has hiked 325 points at 22460 while Nikkei has lost 73 points at 19520 and Shanghai Composite is 4 points up at 3163.

Stocks In Focus Today: Just Dial, Tata motors, Dena Bank, quick heal and shree cement