1:30 pm Gold special: Gold prices fell marginally by 0.15
percent to Rs 26,797 per ten grams in futures trade as speculators trimmed
their positions, taking weak cues from the global markets.
However, token buying by retailers in the spot markets on the auspicious
occasion of "Akshaya Tritiya" day limited the losses. At the spot
markets, gold traded lower at Rs 27,200 per ten grams in opening trade at
Chennai.
Analysts said the fall in yellow metal prices at futures trade was mostly in
tandem with a weak trend overseas but token buying by retailers at spot markets
on account of Akshaya Tritiya, considered to be most auspicious day for buying
gold and silver, restricted the fall.
Don't miss: Sun
Pharma plunges 11% as Daiichi Sankyo offloads stake
The market is still in the green as the Sensex is up 9.95 points at 27896.16
and the Nifty is up 6.95 points at 8455.05. About 1370 shares have
advanced, 1076 shares declined, and 165 shares are unchanged.
Realty stocks are higher with the index gaining over 1 percent after the
controversial Mumbai Development Plan 2015-2034 is scrapped. The Maharashtra
Government has directs BMC to submit reworked Mumbai Development Plan in four
months. The reworked Mumbai Development Plan will be put up for public review.
The draft development plan 2015-2034 of the BMC had several ommissions and
flaws. In land use plan development plan, for instance, had not marked more then
40 percent of heritage structures. The development plan had shown roads through
existing buildings and some places of worship.
Bharti Airtel, Axis Bank, ICICI Bank, Tata Steel and Coal India are top
gainers in the Sensex. Among the losers are Sun Pharma, HUL, Maruti, Hindalco
and Dr Reddy's Labs. For More information please visit this site www.bigprofitbuzz.com
No comments:
Post a Comment