Best advisory company stock market news

September 22, 2016

OPENING BELL by Tradeindia Research    

SENSEX UP + 259.52 @ 28766.94, NIFTY FUTURE UP + 73.30, BANK NIFTY FUTURE UP + 324.15.

USD/INR – 66.86.

The market seems to be on fire after the Federal Reserve left US rates unchanged and plotted a lower trajectory for future hikes. About 924 shares have advanced, 99 shares declined, and 32 shares are unchanged.

Currency Market News: The Indian rupee gained in early trade on Thursday. It has opened higher by 16 paise at 66.86 per dollar versus 67.02 Wednesday.

Daily stock market news with updates by Best Advisory Company. Get free recommendations about stock market and commodity market.

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September 22, 2016

Stocks in News: M&M | Syngene International | Inox Leisure | Raymond | Pratibha Industries | Castrol | IOC | Jyoti Structures | Maruti Suzuki | UPL | Godrej Properties | Yuken India | Rollatainers | ABG Shipyard | Everonn Education | Unity Infra and Viaan Industries are stocks, which are in the news today.

Some of the stocks that should be on your radar are: IDFC Bank, DCB Bank, Torrent Power, Hindustan Unilever, IDBI Bank, Mandhana Industries, ABG Shipyard, Hero Motocorp, Tata Steel.

Gold

On Wednesday, spot gold prices rose by 1.66 percent to close at $1336.5 per ounce extending gains after the U.S. Federal Reserve held interest rates unchanged but sent a strong signal for monetary policy tightening before the end of 2016. "The case for an increase in the federal funds rate has strengthened," the U.S. central bank said in a statement following a two-day policy meeting. On the MCX, gold prices rose by 0.91 percent to close at Rs.31205 per 10 gms.

Best advisory company presents mcx market tips which includes bullion, base metal and energy updates with trading advice, it also give best mcx support and resistance level.

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September 22, 2016

Silver

Spot silver prices rose by 2.8 percent on Wednesday to close at $19.8 per ounce in line with rise in gold prices and weakening dollar index. On the MCX, silver prices rose by 2.23 percent to close at Rs.47169 per kg.

Outlook

On an intraday basis, we expect gold prices to trade higher as US Federal Reserve has stand pat on the policy rate and signaled the possibility by end of 2016. Besides, weakening dollar will also act as a positive factor for the yellow metal. On the MCX, gold prices are expected to trade higher today although international markets are trading lower by around 0.3 percent trading at $1332.72 per ounce.

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