GLOBAL MARKETS ROUNDUP
Asian stocks stumbled to their lowest in five weeks on Monday after a batch of weak data out of China raised the spectre of a sharp slowdown in the world's second biggest economy.
The S&P BSE Sensex slipped as much as 248 points in trade on Monday following muted trend seen in other Asian markets. The fall in the index was led by losses in RIL, L&T, ICICI Bank, SBI and ITC.
LOCAL MARKETS PREVIOUS CLOSE
• BSE index 27,061.04 (up 0.24 pct)
• NSE index 8,105.50 (up 0.24 pct)
• Rupee 60.65/66 per dlr (60.9250/9350)
• 10-year bond yield 8.50 pct (8.51 pct)
• 5-year OIS rate 8.00 pct (8.01 pct)
• 1-year OIS rate 8.45 pct (8.46 pct)
• Call money 7.90/7.95 pct (7.70/7.75 pct)
COMMODITY MARKET OUTLOOK
MCX Gold Oct as seen in the weekly chart above has opened the week at 27,431 levels and during this week it made a high Of 27,480 levels. As expected during this week prices corrected sharply and made a 12 week’s low of 26,790 levels.
MCX Silver Dec. as seen in the weekly chart above has opened at 42,070 levels and the same day it made a high of 42,376 Levels. As expected during this week prices corrected sharply toward the 14 week’s low of 41,011 levels.
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