Gold and Silver: After a decent session on Wednesday gold has stalled just ahead of $1800/oz to trade at $1792/oz. Silver has broken the psychological $23.00/oz level but trades flat leading into the EU open.
Titan Co Ltd on today became the second firm of Tata group to touch ₹2 trillion market capitalization with the stock hitting a record high. Titan shares hit a fresh record high of ₹2343 on the BSE, up 9% from their previous close, while its market capitalization stood at ₹2.07 trillion.
European markets are set for a slightly lower open on Wednesday, tracking global sentiment as investors await a key meeting of central bankers. Britain’s FTSE 100 is seen around 16 points lower at 7,110, Germany’s DAX is set to open down around 19 points at 15,887 and France’s CAC 40 is expected to slip around 7 points to 6,657, according to IG data.
Gold: The market mood remains tepid amid a sell-off in commodities and Chinese economic growth concerns, despite the uptick in the country’s inflation. Asian stocks erased early losses and now stabilizes, as both gold and oil prices attempt a rebound.
Sensex Today: Equity markets traded on a firm note in early afternoon session after a volatile ride in trade earlier. Sensex was up 100 points around 52,900 levels while Nifty hovered around 15,850 mark.
Precious metal prices hovered near key levels today amid growing inflationary pressures and a relentless global surge in coronavirus cases. Many countries in Asia and Europe are struggling to curb the highly contagious Delta variant of the coronavirus and have been forced into taking lockdown measures.
Sensex: The benchmark indices have rebounded around 300 points from the lows of the day, thanks to buying interest in information technology stocks ahead of the Infosys results scheduled later in the day.
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Sensex, Nifty: The Sensex closed at 52,549.66, down 185.93 points, or 0.35%, while the Nifty was at 15,748.45, down 66.25 points, or 0.42%. FMCG, pharma closed in green on Tuesday. Indian indices were down on Tuesday with pharma stocks being outliers on account of the FM’s allocation of ₹50,000 crore to health infra on Monday.
Sensex Live Updates: Indian indices were trading higher, tracking gains in Asian peers, with broad-based buying seen across sectors. While Metals and Pharma indices lead the gains, IT and energy also contributed to the rise.