Market Outlook for Commodity, Equity and Agri Commodity Market
Commodity Market Outlook
• Gold futures fell to the lowest since January
• Silver futures for December delivery dropped 1.7 percent
• Crude rebounded from an eight-month low
Gold futures fell to the lowest since January on speculation that the Federal Reserve will raise U.S. interest rates sooner than forecast, crimping demand for a hedge against inflation. Silver slumped to a 14-month low.
Equity Market Outlook
• Indian markets closed red. Nifty & Sensex down by 0.10% and 0.23%.
• Asia-Pacific markets mixed. Hang Seng dwn 0.17% & Nikkei up 0.76%.
• Wall St Up. Japan BSI Manufacturing Index 12.7. Dow Fut down 17 pts.
Indian indices ended with marginal decline after a volatile trading session. Market is trading in very tight range. Economic data will be watch as government will release the CPI data for August and the industrial production data for the month of July. Sensex slipped by 61 pts to 26995 and Nifty down by 8 pts to 8085. European markets down.
AgriCommodity Market Outlook
• Indian markets closed red. Nifty & Sensex down by 0.10% and 0.23%.
• Asia-Pacific markets mixed. Hang Seng dwn 0.17% & Nikkei up 0.76%.
• Wall St Up. Japan BSI Manufacturing Index 12.7. Dow Fut down 17 pts.
Indian indices ended with marginal decline after a volatile trading session. Market is trading in very tight range. Economic data will be watch as government will release the CPI data for August and the industrial production data for the month of July. Sensex slipped by 61 pts to 26995 and Nifty down by 8 pts to 8085. European markets down.
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