Daily Stock Market Updates by Market Expert


Posted January 5, 2015 by vivekhello4

The Indian rupee slipped in the early trade on Monday. It has opened lower by 14 paise at 63.43 per dollar versus 63.29 Friday.

 
The S&P BSE Sensex rallied as much as 126 points in trade on Monday despite muted tend seen in other Asian markets. The rally in the index was led by gains in ICICI BankBSE 0.91 %, HDFC Bank, L&T and Tata Consultancy ServicesBSE 0.94 % Ltd.

MARKET EYE WEEKAHEAD
• Markets expected to trade range bound
• Investors likely to take cues from the banking conference and related reforms announcement
• Corporate earnings will be in focus with Infosys starting December-quarter earnings season on Friday
• NSE index likely to trade between 8,250 and 8,550 levels
• Bonds, rupee likely to trade range bound in absence of fresh triggers
• Benchmark 10-year bond yield seen in 7.80-7.90 pct band, rupee in 63.00-63.55/dollar

GOLD
SINGAPORE - Gold slipped for a third session out of four on Monday as the U.S. dollar surged against major currencies, with the euro tumbling to its lowest since 2006, dulling the metal's appeal as a hedge.

Spot gold had eased 0.2 percent to $1,186.10 an ounce by 0029 GMT.

Three-month copper on the London Metal Exchange had risen 0.3 percent, or $16, to $6,271 a tonne by 0119 GMT. The market on Friday fell to $6,218, its lowest level since June 2010.

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Last Updated January 5, 2015