Today's Stock Market Calls

 STOCK CASH CALL- BUY SUNTV @1010 TGT 1022-1035 SL 999

STOCK FUTURE CALL- SELL DLF @259 TGT 258/257 SL 260.50

STOCK CASH CALL- SELL R CAPITAL @595 TGT 591-586 SL 601

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 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.