Sensex down 450 points, ifNty below 12,050; FMCG, auto, banking stocks decline

Share/Stock Market, Sensex Today, Commodity Market Live Updates: Watch this space to stay updated on Sensex, Nifty, rupee, gold and oil prices.

Share/Stock Market, Sensex, Commodity Market Live Updates: The benchmark equity indices on the BSE and National Stock Exchange (NSE) extended on their opening losses and are now trading over 1 per cent lower dragged down by the shares of fast-moving consumer goods (FMCG), automobiles and banking stocks.

At 12:04 pm, the S&P BSE Sensex was down 439.89 points or 1.07 per cent at 40,690.28, while the Nifty 50 index was at 12,025.85, down 125.30 points or 1.03 per cent.

Among sectors, the Nifty Auto index was the top loser in the morning trade on Friday slipping 0.8 per cent weighed by TVS Motor Company and Maruti Suzuki India. It was closely followed by Nifty FMCG index which was down 0.77 per cent dragged by Britannia Industries and Jubilant Foodworks. The Nifty Bank index too was down over 0.5 per cent weighed by State Bank of India (SBI) Kotak Mahindra Bank and ICICI Bank.

Market participants will now look forward to the Gross Domestic Product (GDP) data for the quarter ended September, which is scheduled to be released later today so as to get a better understanding of the state of India’s economy.

Today Gold And Siver Is Down

Gold Open Price Today       High Price Today       Low Price Today   Current Price Today  

        38220                               38220                          38150                     34249

silver Open Price Today       High Price Today        Low Price Today    Current Price Today
         44836                               44860                          44775                      44790  

Top factors you need to know before the Opening Bell

Global cues, stock-specific action, and foreign fund flow will be the top factors that will give direction to the markets today.

The rally in telecom stocks could continue for the fourth straight session after Reliance Jio joined rivals Vodafone Idea and Airtel in announcing an increase in tariffs over the next few weeks. The share price of Vodafone Idea has surged 130 per cent while Bharti Airtel has gained 25 per cent in the last three trading sessions after announcing tariff hikes.


In another major news, private sector lender YES Bank has reported asset quality divergence of Rs 3,277 crore, based on receipt of the Reserve Bank of India’s (RBI’s) final risk assessment report for 2018-19. According to the bank, it has already classified as NPA Rs 1,259 crore as on September 30, setting aside Rs 346 crore of provisions.

That apart, market participants will also track oil price movement, the value of rupee against the dollar, and foreign fund flow.

Global markets:

In US, major indexes fell from record levels on Tuesday as US President Donald Trump threatened to raise tariffs on Chinese imports if no deal is reached with Beijing. The Dow Jones Industrial Average fell 0.36 per cent, the S&P 500 lost 0.06 per cent, and the Nasdaq Composite added 0.24 per cent.

Asian shares also lumbered lower on Wednesday. MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.25 per cent. Japan's Nikkei eased 0.2 per cent and South Korea 0.4 per cent. The SGX Nifty was also trading lower in the early hours, indicating a subdued start for the domestic indices.

In commodities, Brent crude futures stood at $60.91 a barrel early on Wednesday, after sliding 2.6 per cent overnight.

Yesterday, benchmark indices ended with nearly half a per cent gains. The S&P BSE Sensex added 186 points to settle at 40,470, and the broader Nifty50 index ended at 11,940 levels, up 57 points.

Here's a trading idea by Religare Broking who recommend buying HPCL around Rs 288-290 for a target of Rs 305 with stoploss at Rs 282.

Small-caps outperform benchmarks; Corporation Bank gains 20%

Catch all the live updates of the stock markets here

Markets were volatile, but were trading higher in the morning trade on Tuesday.

The benchmark S&P BSE Sensex was at 40,400 level supported by buying in index heavyweights. Bharti Airtel, the top performer, gained over 4 per cent after the company said it would hike tariff from December 1 to arrest revenue fall. On the downside, Vedanta slipped over 1 per cent to trade as the top loser.

On the NSE, the broader Nifty50 was testing 11,900-mark.

On the sectoral front, indices were trading mixed. Nifty Private Bank index jumped the most, up 0.53 per cent on NSE, while Nifty Metal index declined over 0.7 per cent.

In the broader market, the small-caps were faring better with the S&P BSE Small-cap index up 0.45 per cent. The S&P BSE Mid-cap index, however, was trading unchanged.

BUZZING STOCKS

Shares of SBI Life Insurance Company slipped over 6 per cent in the opening deals on Tuesday after reports said 3.37 crore shares or 3.4 per cent equity worth Rs 3,222 crore of the company traded in multiple block deals at an average price of Rs 945 per share.

Shares of Zee Entertainment slipped up to 2.7 per cent to Rs 286 on the BSE on Tuesday after Brickwork Rating agency downgraded the company's 6 per cent Cumulative Redeemable Non-Convertible Preference Shares and the Issuer rating. 

Stocks of telecom operators Bharti Airtel and Vodafone Idea surged in Tuesday's early morning trade after the two firms announced they will hike tariffs, starting December 1. While Airtel's shares climbed 5 per cent to Rs 430.80 apiece to log a fresh 52-week high, Vodafone Idea zoomed 20 per cent to Rs 5.35 on the BSE

Sensex edges higher, Bharti Airtel surges for third day in row

Nifty is caught within a tighter trading range of 11950 and 11850: Analyst
Market heavyweights HDFC Bank, RIL and Infosys edged higher

Indian stock markets edged higher in early trade with Sensex rising 70 points to 40,356. The broader Nifty rose 0.25% to 11,913. Bharti Airtel gained 3.5%, after sharp upmove in the previous two sessions.

Other top gainers in the Sensex pack included Tech Mahindra, Axis Bank, and Yes Bank, up between 1% and 1.5%. Market heavyweights HDFC Bank, RIL and Infosys also edged higher. Some selling pressure was seen in Vedanta, Kotak Bank, Bajaj Auto and HUL, down between 0.5% and 1%.

Faced with intense competition and unprecedented statutory dues, Bharti Airtel and Vodafone Idea on Monday announced a hike in mobile phone call and data charges from December saying the increase was warranted for viability of their business. The two operators, however, did not quantify the increase in rates but said that the hike will be effective beginning next month.

"Nifty is caught within a tighter trading range of 11,950 and 11,850. A breakout of this trading range is expected soon. Resistance above 11,950 is seen close to 12,100-12,300 levels and support below 11,850 is seen around 11,739 and 11,600," Geojit Financial Services said in a note.

Asian shares were mixed today as investors remain cautious over prospects for an agreement in trade talks between the United States and China. On Wall Street, all three major indexes edged above the all-time highs they set on Friday.

The two sides are continuing to negotiate, with stock markets around the world swinging on every hint of progress or tension. (With Agency Inputs)

Gold prices fall today after a sharp rise, silver rates edge lower

Gold rates have been choppy in recent days
Gold traders will be closely watching minutes of the Fed's last policy meeting, due on Wednesday

Gold prices in India fell today, after a sharp jump in the previous session. On MCX, prices of gold futures contracts were down 0.11% to ₹38,187. In the previous session, gold prices had jumped ₹0.65%, after swinging about ₹500 from day's lows. Silver prices were also weak today and were down 0.07% to ₹ ₹44,654 a kg on MCX. In global markets, gold prices rose to nearly two-week high today amid uncertainty about a trade deal between the US and China.

This dented appetite for riskier assets, thus boosting the appeal of gold. Spot gold rose 0.2% to $1,473.04 per ounce, the highest since November 7. Silver prices also gained 0.2% to $17.05 an ounce.

News reports, citing sources, on Monday reported that China was pessimistic about a trade deal with the US amid disagreement over rollback of tariffs.

Gold prices have remained choppy over the recent weeks, swinging to hint of progress or tension.

Asian equity markets were mixed today as investor sentiment remained cautious amid worries about the next development in trade talks.

Many investors remained on the sidelines. The holding of SPDR Gold Trust, the world's largest gold-backed ETF, fell 0.56% to 891.79 tonnes on Monday from 896.77 tonnes on Friday.

The dollar held close to a two-week low, with demand hurt by receding hopes for a preliminary trade truce.

Federal Reserve Chairman Jerome Powell met US President Donald Trump and Treasury Secretary Steven Mnuchin on Monday to discuss the economy.

Trump later tweeted that they’d had a “very good and cordial meeting" and had discussed a range of issues including “interest rates, negative interest, low inflation, easing, Dollar strength and its effect on manufacturing, trade with China, EU and others, etc." The meeting comes amid a steady stream of criticism of the Fed by Trump over its monetary policy.

Gold traders will be closely watching minutes of the Fed's last policy meeting, due on Wednesday. Though the Fed cut interest rates for the third this year in its last meeting, it signaled a pause in future rate cuts.

Abhishek Bansal, chairman of ABans Group, said the weakness in the US dollar and a cut in interest rates by China could lend some support to gold prices.

China's central bank on Monday cut the seven-day reverse repurchase rate to 2.5% from 2.55% for the first time since October 2015.

The gold market's next focus would be shifting towards the minutes of Fed's last policy meeting, he added.

Back in India, high gold prices, up over 20% so far this year, has hurt demand. According to a report from Edelweiss Securities, gold imports fell to $17.6 billion in April-October, as compared to $19.4 billion during the same period of the previous year. (With Agency Inputs)

gold &silver live price today

Gold Open Price            High Price Today             Low Price Today           current Price Today

38230                                38230                               38150                               38155

Silver Open Price           High Price Today            Low Price Today            current Price Today

44545                                   44690                            44545                              44611

Today Nifty 52 Week high stock live update

Company Name    open price   high price    low price     current price

BPCL                      520                 527.30          517.25          521.60

Bhartiairtel            396                   408.60          392.10           407.10

ICICI Bank            498.75           504.45          498.40           504

Relaince                  1472.65        1486              1468             1477.50

Kotak Bank            1626.65       1631.75          1622.85        1627.70

HclTech                   1148            1149.70          1140.75        1144.60

BajajFinsv              9065.50        9079.15          9015.45        9058.80

Bajaj Finance         4199             4209.55          4176.10        4187.25

Bajaj Auto              3225              3225               3192             3195.35

HDFC Bank            1277             1279.45          1268.05        1268.10

Asianpaint             1760.70           1765.45         1744.10        1746.65

Nifty below 11,900, Sensex slips in red; RComm, BPCL in focus

Among sectors, Nifty Pharma along with the metal index are up 1 percent each while FMCG and auto stocks dragged.
As market consolidates these 10 large, midcaps could give 10-29% return in the next 12 months
Markets oscillated in a range and settled almost flat, in continuation to the prevailing consolidation phase. The week was a holiday-shortened one and weak local cues combined with not so encouraging global markets kept the volatility high across the board. However, resilience in the banking space, which holds considerable weightage in the index, helped the benchmark to sustain at the higher levels while other sectoral indices witnessed mixed trend. Among the benchmark indices, Nifty settled at 11,895; down by 0.11 percent.

There’s no major data lined up on the domestic front in the following week and markets will continue to dance to the global tunes. On global front, investors would keep an eye on progress of US-China trade deal, which is lingering from quite some time and minutes of the FOMC meet on November 21. In addition, fluctuation in crude oil price and currency would also induce some volatility in the markets.

Indications are in the favour of further consolidation and we expect Nifty to continue hover within 11,700-12,100 range. Having said that, we feel it’s a healthy pause and the overall trend would remain positive. Besides, the buoyancy in banking index is pointing towards strong possibility of Nifty testing a newer high in weeks to come. Meanwhile, volatility would remain high on the stock-specific front thus we advise maintaining balanced approach in trading, by keeping few shorts as well.

GOLD AND SILVER DOWN

GOLD LIVE UPDATE TODAY

OPEN PRICE           HIGH PRICE           LOW PRICE     CURRENT PRICE
38236                         38236                         37971                  37977



SILVER LIVE UPDATE TODAY


OPEN PRICE              HIGH PRICE             LOW PRICE          CURRENT PRICE
44550                              44550                         44157                       44180

Gold price today: Yellow metal back above 38,000; buy on dips for a target of 38,200

Experts are of the view that Indian Gold is likely to head higher and investors should use any dips to buy for a target of Rs 38,200-38,300 levels in the short term.

Gold futures rose in early trade on November 14 amid uncertainty on the much-awaited deal between the US and China, as well as, weak rupee which hit a 2-month low in the previous trading session.

However, the gains for the yellow metal were capped as rupee rebounded and equities rose with healthy gains, denting the appeal of safe-haven assets.


Sensex closed with a gain of 170 points, while the Indian rupee closed 12 paise higher at 71.97 per dollar on November 14.

Gold December futures were trading with a gain of Rs 32 or 0.08 percent at Rs 38,129 per 10 gram at 17:15 hours IST.


International Gold prices took support at $1,450 and tested its resistance level of $1,466, while Silver also took the support of $16.60 and tested $17 levels.

GOLD LIVE PRICE TODAY BOMBAY 15 NOV.

OPEN              HIGH               LOW          CURRENT PRICE
38236                38236               38018            38071

TODAY CURRENT SILVER PRICE 15 NOV.

OPEN PRICE            HIGH PRICE            LOW PRICE          CURRENT PRICE
44550                              44550                        44401                        44450