LME Stocks:

Aluminium -1,075 T,

Copper -50 T,

Zinc -1,550 T,

Lead +75 T,

Nickel +726 T and

Tin -55 T

🔔 Commodity Opening Bell 🔔

Commodity - Open – CMP

Bullion – Opens on Neutral Note

Gold –     28484-28484
Silver –     37470-37466

Energy – Opens on Mixed Note

Crude Oil –     3734-3731
Natural Gas –   167.4-167.60

Base Metals – Opens on Mixed Note

Aluminium –   136.2-136.25
Copper –        454.5-454.40
Lead -              159.2-159.25
Nickel –          765.1-764.60
Zinc –              206.35-206.50

Agri – Opens on Negative Note

Soyabean –   3068-3067
Soyaref –      715-713.80

Daily Mcx Commodity Outlook

Gold prices traded firm on Monday to mark fourth consecutive winning day, as the dollar retreated amidst the implementation of tax bills in the ?US. Spot gold recovered towards $ 1264/ounce on Monday recovering from lows of $ 1252/ounce tested on Friday.

The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 9,914 contracts in the data reported through Tuesday December 12th. This was a weekly reduction of -21,512 contracts from the previous week which had a total of 31,426 net contracts.



Outlook- Gold prices are expected to trade firm in today’s trade, while any recovery in the dollar is expected to keep the gains under check, the ease in the geopolitical tensions around Brexit would further ease the global uncertainties at that front. The implementation of tax reforms on gold looks positive at this point of time as the lower tax would lift inflation and support gold prices. In the data release building permits and housing starts from US will be released. For the day we recommend a buy in gold and silver.

Indian Rupee Opens Higher

The Indian rupee opened higher at 64 per dollar on Wednesday against previous close 64.03.

Corporate bonds are under pressure amid quarter-end position adjustments. We expect credit spreads to remain wide until FPI buying emerges in early 2018.

Today's Indian Rupee Update

The Indian rupee opened marginally higher at 64.22 per dollar on Tuesday against previous close 64.24.

Daily Indian Rupee Update

The Indian rupee declined in the early trade on Wednesday. It has opened lower by 13 paise at 64.53 per dollar versus 64.40 Tuesday.

Expect 10-year bond yields to trend towards 7.39 percent in the near-term in absence of any buying support. That said, expect value buying to emerge at those levels

Daily Market Closing Bell

The Sensex closed down 227.80 points or 0.68% at 33227.99, while the Nifty was down 82.10 points at 10240.20. The market breadth was negative as 993 shares advanced against a decline of 1,679 shares, while 149 shares were unchanged.

ONGC, Dr Reddy’s Laboratories, and Adani Ports were the top gainers, while Coal India, Hero MotoCorp, HPCL and Bharti Infratel were the top losers.

Indian Rupee Opens Lower at 64.41 per Dollar

The Indian rupee opened lower by 5 paise at 64.41 per dollar on Tuesday versus previous close 64.36.

In India, the 10-year benchmark yield has been slowly moving up. All eyes are on next inflation numbers. Expect the 10-year yield to remain elevated and move towards 7.25 percent gradually

Indian ADRs Ended Higher on Monday

In The Banking Space

ICICI Bank was up 0.83 percent at USD 9.71

HDFC Bank rose 1.44 percent at USD 96.98.

In The IT Space

Infosys gained 1.15 percent at USD 15.86

Wipro added 2.29 percent at USD 5.36.

In The Other Sectors

Tata Motors advanced 0.82 percent at USD 31.84

Dr Reddy's Laboratories rose 1.02 percent at USD 34.58.

Daily Market Closing Bell

Equity benchmarks ended higher for third consecutive session as investors await Federal Reserve policy decision and exit poll on Gujarat assembly elections.

The 30-share BSE Sensex was up 205.49 points at 33,455.79 and the 50-share NSE Nifty gained 56.60 points at 10,322.30.

Indian Stock Market Live Updates

Equity benchmarks extended previous day's rally on Monday morning as all sectoral indices traded in green. Positive global cues after strong US jobs report also supported the market.

The 30-share BSE Sensex was up 141.65 points at 33,391.95 and the 50-share NSE Nifty rose 43 points to 10,308.70.

SBI, Axis Bank, UltraTech Cement, Bharti Airtel, Maruti Suzuki, HDFC and Eicher Motors were early gainers while Infosys and HUL were losers.

The Nifty Midcap index was up 0.4 percent. Ucal Fuel surged 20 percent while Arvind, Jet Airways, Motherson Sumi, Redington India, Sharda Motor, Kaveri Seed, Thyrocare and Shriram EPC rallied 1-13 percent.

Indian Rupee Updates

The Indian rupee opened flat at 64.45 per dollar on Monday against Friday's close 64.45.

Daily Closing Bell of Market

Benchmark indices ended the week on a very strong note, with the Sensex gaining 300 points, while the Nifty ended above 10,250-mark.

The Sensex was up 301.09 points at 33250.30, while the Nifty was up 99.00 points at 10265.70. The market breadth was positive as 1,561 shares advanced against a decline of 1,128 shares, while 155 shares were unchanged.

Daily Gold and Silver Outlook

Gold
On Wednesday, spot gold prices declined marginally by 0.2 percent to close at $1263.9 per ounce on pressure from a firmer U.S. dollar ahead of a vote on the U.S. tax reform plan, but a potential government shutdown lent support to prices.

Silver

Spot silver prices declined 0.8 percent on Wednesday to close at $16 per ounce in line with decline in gold prices. Besides, stronger dollar index also exerted downside pressure on silver.

On the MCX, silver prices rose 1.1 percent to close at Rs.37793 per kg.

Outlook

We expect gold prices to trade lower today, continuing its weakness from the previous trading sessions, besides, stronger dollar index, consideration of tax plan by the Senate today, rate hike in the FOMC meeting scheduled next week are push factors in the near term.

5 Stocks Which are Buy, Sell and Hold

Future Consumer
Brokerage: Morgan Stanley | Rating: Initiate Coverage with Overweight | Target: Rs 95

Escorts
Brokerage: HSBC | Rating: Initiate Coverage with a buy | Target: Rs 835

HDFC Bank
Brokerage: Credit Suisse | Rating: Outperform | Target: Rs 2,075

Tata Motors
Brokerage: Credit Suisse | Rating: Outperform | Target: Unchanged at Rs 560

Cyient
Brokerage: Morgan Stanley | Rating: Overweight | Target: Rs 620

Today's Closing Bell of Market

Equity benchmarks recouped previous session's losses on Thursday, with the Sensex rising nearly 400 points intraday on short covering and value buying across sectors.

The 30-share BSE Sensex was up 352.03 points or 1.08 percent at 32,949.21 and the 50-share NSE Nifty rose 122.60 points or 1.22 percent to 10,166.70.

Today's Gold and Silver Outlook

Gold

Gold prices slipped to fresh six week lows on Tuesday, as the dollar continued to trade firm amidst optimism of U.S. tax overhaul legislation. Technical based selling weakened the sentiments further in gold after slipping below $ 1270/ounce.

Silver

The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 58,782 contracts in the data reported through Tuesday November 28th. This was a weekly reduction of -8,859 contracts from the previous week which had a total of 67,641 net contracts.

Outlook- Gold prices eventually have broken down from the trading band of $1270-1290/ounce ahead of the employment report and the Fed meeting. The supportive factors like geo political worries around North Korea, weakness in the dollar from time to time and the increasing expectations of a bigger correction on equities have failed to defend the prices from any weakness. Prices in the short term are looking vulnerable to slip lower as the dollar and treasury yields have started to move up. For the day we recommend a sell in gold and silver

5 Stocks Which are Buy, Sell and Hold

Good Morning!!! Here we provide you information about stocks which are

Hold, buy and Sell

Tata Global

Brokerage: Kotak Instl Eq | Rating: Add | Target: Unchanged at Rs 285

BHEL

Brokerage: Edelweiss | Rating: Buy | Target: Cut to Rs 110

PI Ind

Brokerage: Credit Suisse | Rating: Initiate Coverage with Outperform | Target: Rs 1,150

Nestle

Brokerage: UBS | Rating: Neutral | Target: Raised to Rs 8,500

UFO Moviez

Brokerage: Citi | Rating: Buy | Target: Rs 610

Daily Indian Rupees Update

The Indian rupee opened marginally higher at 64.50 per dollar on Thursday against previous close 64.52.

The dollar edged higher against a basket of major currencies on optimism about progress on US tax legislation and lawmakers' efforts to avert a US government shutdown on Saturday.

Mcx Commodity Technical Outlook

Nickel prices traded in a narrow range of 728.50 -740.60 and finally ended on a flat note at 732. Prices are witnessing stiff resistance around 740 levels of the Head and shoulder pattern neckline. Therefore, we expect the prices remain lower and thus we advise selling around 736 for targets of 700 and lower.

Crude oil prices remained slightly weak during yesterday’s session and ended at 3714. Prices are slowly crawling towards the trend line supports. So, going forwards, we could see prices sliding till the trend line supports of 3670 levels. A convincing break below that will only confirm the bearish break down. Else, a sharp  re-bounce can be seen from the supports. Thus, we advise buying around 3670 levels for upside targets of 3750.

Soy bean prices breached the trend line resistance and headed till 3094 mark. But it failed to make convincing close above that and finally ended at 3074. Ahead, if the prices fail to surpass that in today’s session, then a correction can be seen till 3030 then 2967 levels. Hence, we advise selling near the resistance level of 3080 for day.

Today's Stock Market Live Report

Shares of Reliance Communications today fell more than two percent in morning trade on bourses after credit rating agency Fitch said it has withdrawn ratings of debt-ridden Reliance Communications for commercial reasons.

Metals stocks lost shine following correction in commodities prices in international market as investors raised doubts over China demand for metals.

The Nifty Metal was biggest loser among sectoral indices, falling 1.5 percent as Hindustan Zinc, Hindalco Industries, Vedanta, Hindustan Copper, Tata Steel, Jindal Steel, NALCO, SAIL and MOIL rallied 1-3 percent.

Copper prices fell 3 percent and steel prices declined 2 percent while aluminium prices dropped 1.5 percent.

Daily Commodity Market Tips and Advice

Gold

Last week, spot gold prices declined by 1% while MCX gold prices declined by 1.2 percent.

On the MCX, gold prices declined 0.4 percent to close at Rs.29395 per 10 gms.

Silver

Silver prices dipped to an eight-week low, falling by 3.2 percent to close at $16.4 per ounce. Prices declined in tandem with other industrial metals. Besides profit booking also led to the correction in the counter.

On the MCX, silver prices declined 4.2 percent to close at Rs.37582 per kg.

For more to know just visit our website at http://moneydesireresearch.co.in and get trading tips according to market.