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On the MCX, gold contracts for February were trading higher by Rs 562, or 1.38 percent, at Rs 41,225 per 10 gram at 0920 hours. It hit a record high of 42,278 per 10 gm. India Gold February futures hit a fresh record high on January 8 tracking gains in international spot prices which surged past $1,600 an ounce mark after Iran fired rockets at Iraqi airbase which hosts US forces that triggered risk-off sentiment. Spot prices hit their highest since March 2013 at $1,610.90 earlier in the session. US gold futures rose 2 percent to $1,605.80. “The jump in the price of what’s viewed by investors as a safer asset in times of political and economic uncertainty came after Iran’s missile attack on US-led forces in Iraq early on Wednesday,” said a Reuters report. “The attack came hours after the funeral of an Iranian commander whose killing in a US drone strike has raised fears of a wider conflict in the Middle-East,” it said. On the MCX, gold contracts for February were trading...

The trade deal developments and its impact on the global economy remain the trendsetter of commodity prices in 2020. A successful deal will boost global economic activity and improve the demand for base metals. In the past year, trade uncertainty hit global economic sentiments adversely as base metal prices in the domestic futures market settled with moderate gains. Commodities such as copper and lead ended with gains of 8 percent, while aluminium and zinc advanced 6 percent and 4 percent, respectively. Performance of nickel was exceptional with a whopping gain of more than 40 percent. At the same time, price-performance at its key overseas markets was rather steady. Trade war worries that fanned fears of recession roiled the global manufacturing sector last year, particularly China. This because Chinese industries are the key consumers of all base metals. Economic growth in the country tumbled to multi-year lows due to the 17-month trade dispute between the United Sta...

Opening Bell: Sensex, Nifty Trade Higher Indian equity benchmarks opened higher in today's trade. The S&P BSE Sensex Index rose as much as 0.41 per cent to 36,468.42 and the NSE Nifty 50 Index rose as much as 0.36 per cent to 10,929.25. The market breadth was tilted in favour of buyers. About 944 stocks advanced and 460 shares declined on the National Stock Exchange. All the sectoral gauges compiled by NSE advanced led b the NSE Nifty Pharma Index's 0.47 per cent gain. Zee Entertainment, Bharti Airtel, Indiabulls Housing, HDFC, Axis Bank, Bajaj Finance are trading higher, while HCL Tech, Bajaj Auto, Jet Airways, Mindtree, Infosys, BPCL have lost the most. Shares of Reliance Industries and Hindustan Unilever are trading higher ahead of third-quarter numbers. Rupee Opens: The Indian rupee opened higher at 71.15 per dollar on Thursday versus previous close 71.24. BSE Live: Sensex up 125 points, Nifty above 10,900; Reliance Industries, HUL shares gain T...

Market opens The market has begun the day on a strong note, with the Sensex jumping over 200 points up. The Sensex is up 210.98 points or 0.59% at 36191.91, and the Nifty up 54.10 points or 0.50% at 10856.30. The market breadth is positive as 330 shares advanced, against a decline of 109 shares, while 30 shares were unchanged. Banks, automobiles and pharmaceutical sectors are gaining the most, while the Nifty Midcap index is higher by half a per cent. Infosys, Tata Motors, and Bharti Airtel are the top gainers, while Tata Steel and Eicher Motors have lost the most.  Rupee edges higher against US dollar The Indian rupee strengthened marginally against the US dollar, tracking gains in Asian markets as increasing optimism the US and China will be able to defuse their trade war outweighed a worsening global growth outlook. At 9.10am, the rupee was trading at 70.13 a dollar, up 0.09% from the previous close of 70.20. Jet Airways falls 1% Shares of Jet Airways fel...

Market opens Equities have begun the day on a flat note, with the Nifty trading below 10,800. The Sensex is up 28.52 points or 0.08% at 35920.04, while the Nifty is down 2.20 points or 0.02% at 10790.30. The market breadth is negative as 268 shares advanced, against a decline of 139 shares, while 31 shares were unchanged. Wipro, Sun Pharma, Coal India and Titan are the top gainers, while ONGC, TCS, and HPCL lost the most.  Rupee weakens for the 2nd day against the dollar The Indian rupee on Thursday weakened for a second session against the US dollar, tracking losses in its Asian peers amid mounting concern about the global outlook after Apple Inc. cut its revenue forecast. At 9.13am, the rupee was trading at 70.37 a dollar, down 0.22% from the previous close of 70.17. It opened at 70.17. The 10-year gilt yield was trading at 7.393% from its previous close of 7.355%. Dena, Vijaya Bank Fall; Bank Of Baroda Gain After Three-Way Merger Deal Shares of Dena Bank slum...

Share market LIVE: The benchmark equity indices – Sensex and Nifty – opened on a lower note Wednesday even as the domestic markets rallied yesterday. The S&P BSE Sensex Index declined 0.6% intraday to 36,035.78 and the NSE Nifty 50 Index fell 0.38 percent to trade near 10,850. IT stocks — Tech Mahindra (1.13%) and Wipro (1.09%) — are the major gainers today. Eicher Motors leads the index losers list with a loss of 5.63%. Coal India, TATA Motors, Jet Airways, NMDC, LIC Housing Finance, Power Grid, and Glenmark Pharma are among the major stocks that will remain in focus throughout the day. Bharti Airtel share price ended the session 2.7% higher to 312.55, while HDFC share price gained by more than 1.9% to Rs 2,008. Yes, Bank share price zoomed more than 2% to hit the day’s high at Rs 185.90. Eicher Motors Worst Performer On Nifty After December Sales Fall 13%. Shares of Eicher Motors fell as much as 5.8 per cent, the most in over two months, to Rs 21,860. The comp...

The domestic stock markets – Sensex and Nifty –opened lower on Wednesday morning tracking weak global cues. Sensex tanked 211 points to 35,258.97, while the broader Nifty 50 was trading near 10,600. HUL share price plunged by nearly 2% to 1,750.80, and Sun Pharma share price tanked by more than 1.2%. Meanwhile, Japanese stocks gained in the trade this morning, following a Christmas Day plunge of both the Nikkei 225 and Topix.  Earlier, President Donald Trump’s attacks on the Federal Reserve spooked the stock market on Christmas Eve, and efforts by his Treasury secretary to calm investors’ fears only seemed to make matters worse, contributing to another day of heavy losses on Wall Street on Monday. ASIA UPDATE Global stock markets were heading into the year-end under a heavy cloud after another rout this week as US political uncertainty added to heightened concerns over slowing global economic momentum. OIL UPDATE Brent crude oil futures were trading around $50 a...

Share market LIVE updates: Sensex and Nifty have turned choppy this afternoon amid mixed macro cues like weakening rupee and easing crude prices. Sensex is trading about 40 points lower at 35,879.21. Nifty saw similar movement, shedding 7.9 points, 0.05 per cent, to 10,783. Shares of Punjab National Bank (up 1.96 per cent), YES BankNSE 2.26 % (up 0.80 per cent), ICICI BankNSE 1.06 % (up 0.69 per cent) and Federal Bank (up 0.45 per cent) were the top performers in the index.  IDFC Bank (down 0.76 per cent), IndusInd Bank (down 0.57 per cent), Axis Bank (down 0.50 per cent) and Kotak Mahindra Bank (down 0.43 per cent) were trading in the red.  Shares of YES Bank, Motherson Sumi, Indian Oil Corp, Idea Cellular, Bharti Airtel, ICICI Bank, Tata Motors, Ashok Leyland, SBI, Indiabulls Housing Finance, Bank of Baroda and Sun Pharma were among the most traded shares on the National Stock Exchange.  RBI Board Meeting Gets Underway The crucial central board...