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Showing posts with the label Indian Gold Market

Opening Bell – Market gains in opening trade |24 CFIN|

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Equity tips:- The BSE Sensex opened higher by 55 points at 32377, while the Nifty50 opened higher by 17 points at 10,074 mark. Tata Steel was top Nifty gainer trading at Rs 591.80 per share, up by 2.77% while TCS was top Nifty loser trading at Rs 2498 per share, down by 0.95%. There were 936 advances, 510 declines and 465 unchanged stocks on NSE reflecting strong sentiments floating in the market. Bank Nifty index opened at 24,854 level, up 106 points. Tata Steel, Britannia Industries, Natco Pharma amd Amara Raja Batteries are the important companies which are going to announce their financial results for the quarter ended June 30, 2017. Rupee opened at 63.71 per US Dollar. The US stocks saw modest gains on Friday, with the Dow Jones Industrial Average closing at a record high for the eighth straight session. The Dow Jones gained 67 points to settle at 22,093. The Nasdaq edged up 11 points to 6,352, while the S&P advanced 5 points to 2,477.   A

Markets likely to open flat; services sector growth contracts in July

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Equity tips:- Indian equity markets are likely to open flat on Friday following mixed sentiments prevailing in Asian markets. The SGX Nifty, which was trading at 10,042 unchanged, hinting at a flat start for the day. Nifty50 has immediate support placed around level of 9,980 and the next support is seen around the level of 9,920. On the upside, resistance is seen around the level of 10,065 and the next resistance around the level of 10,100.  Key results for the day: Apollo Tyre, Arvind, Berger Paint, Dabur, EID Parry, Fortis, M&M, Hindustan Petroleum, GSFC and Repco Home. Back home, Indian markets ended lower for the second consecutive session on Thursday as private survey showed that India’s services sector contracted in July and slipped to its lowest level in nearly four years. The BSE Sensex fell 239 points to settle at 32,238 and the Nifty plunged 68 points to settle at 10,014. The US stocks closed mostly lower on Thursday, though the Dow Indust

ONGC turns to use undersea infrastructure of GSPC

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commodity tips:- Commodity tips Oil and Natural Gas Corporation   (ONGC) plans to use undersea infrastructure of Gujarat State Petroleum Corporation (GSPC) to produce gas from its own KG-basin fields in the Bay of Bengal. Last year ONGC agreed to buy 80% interest in the KG-OSN-2001/3 block, which sits next to the state-owned firm’s KG-DWN-98/2 or KG-D5 block. “ONGC has finalised a $ 5.07 billion plan for developing the Cluster-II finds by 2019-20. First gas production is envisaged by June 2019 and oil will start flowing from March 2020,” a company official reported to a leading business daily. ONGC, which made an investment of  Rs. 34,012 crore in bringing to production 10 oil and gas discoveries in Cluster-II, plans to invest another  Rs. 21,528.10 crore in developing the ultra deep sea UD-1 find (Cluster-III) by 2022-23. The 7,294.6 sq km deep sea KG-D5 block has been broadly categorised into Southern Discovery Area (SDA-3,494 sq km) & Northern Discovery Area (N

24 Carat Financial Solutions

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Gold Market Trend 24Carat

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Incline refreshed for-May/12/2017.CMP-28004 Overall pattern of the Gold is bearish for medium-long haul .Currently Gold is in solid downtrend yet volume is unsuitable The open intrigue is not expanding with pattern .. The Gold is currently exchanging oversold level. The Gold is presently exchanging oversold level. The oscillator is indicating SELL motion For here and now Gold is in SELL position. Positionally Immediate support for Gold is 27820.Resistance for the Gold is 28392-28623-28736-28821-28881-28967- http://24cfin.com/about Mobile -:  +91-98261-69053