After a brief rally, market is again moving up. Sensex is 67 points up at 26028 and Nifty moved up 18 points at 8020. Indian Currency Rupee has rallied a large amount of points. Currently Rupee fell down 32 points at 68.47 against US Dollar. BSE Small Cap is 102 points up at 11729 and BSE MidCap is 76 points up at 11973.
Market analysts attributed the rise in gold prices at futures trade to widening of positions amid a better trend in precious metals overseas. Commodity Market is flat today. MCX Gold has hiked 25 points at 29164 while Silver is 50 points down at 40740. Having view on energy sector, Natural gas with minor loss of 1.60 points trading at 202.60 and Crude Oil has hiked 26 points at 3284.
Asian Market Updates: Nikkei has gained 56 points at 18162, Hang Seng is 33 points up at 22711 and Shanghai Composite with no major hike and drop trading at 3247.
CLSA expects earnings recovery to set in partially in the September quarter and more so in the December quarter. capitalstars
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