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.

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