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Gold prices held range-bound on Friday as the dollar trod water after U.S. President Donald Trump sent mixed signals about the prospects for a trade deal with Beijing, while palladium notched a record high. Spot gold was little changed at $1,224.10 per ounce, as of 0357 GMT. U.S. gold futures were flat at $1,230.5 an ounce. Donald Trump and Chinese leader Xi Jinping are expected to discuss trade on the sidelines of the G20 summit in Argentina on Saturday, where global trade tensions are expected to dominate the agenda. However, Trump sent mixed signals on Thursday about the trade deal, saying an agreement was close but he was not sure he wanted one, just as he left for Argentina for a meeting with President Xi. "The gold market shall be closely looking ahead to further cues from the G20 summit this weekend," said Sugandha Sachdeva, vice president of metals, energy, and currency research at Religare Broking Ltd. "Any positive development will be nega...

Rice export prices fell for the first time in four weeks in India as a government subsidy for overseas sales prompted traders to cut rates, while lower demand from China weighed on the Vietnamese market. Top exporter India's 5 percent broken parboiled variety was quoted around $366-$370 per tonne, against $367-$375 in the previous week. The Indian government will give a subsidy of 5 percent for non-basmati rice exports for the four months to March 25, 2019, the country's trade ministry said in an order dated Nov. 22. Prices could have jumped had it not been for the subsidy, since the rupee has risen, said an exporter based at Kakinada in the southern state of Andhra Pradesh. The top exporter's rupee currency rose about 1 percent on Thursday, trimming exporters' margins. In Vietnam, rates for 5 percent broken rice dipped to $408 a tonne from $410 a tonne last week as exports to China fell, traders said. "China has been applying stricter con...

Utilize upsides in the pair to initiate short positions, says ICICIdirect. The Indian rupee is trading higher by 21 paise at 69.63 per dollar on Friday versus previous close 69.84. Yesterday the rupee ended with a gain of 78 paise at against Wednesday's closing of 70.62 per dollar on the back of falling crude oil prices. This was the highest closing for rupee against the dollar since August 21. The dollar-rupee December contract on the NSE was at 70.10 in the previous session. December contract open interest declined 1.50% in the previous session, said ICICIdirect. We expect the USD-INR to meet supply pressure at higher levels. Utilize upsides in the pair to initiate short positions, it added. Disclaimer:- The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before taking any investment decisions. Best Share Market News, Click Here To Get More News - Share Market Tip...

Looking at the options data, open interest concentration in the December series is seen at 10,500 Put and 11,000 Call. This is indicative of the broader range as expected by market participants Nifty opened the November series around 10,100 levels. After making a low of 10,004 it gained momentum and currently trades around the 10,800 marks. After gains in the early part of the series, significant consolidation was seen mid-series, the post which the markets again gained momentum to end the series on a high note with gains of nearly 7 percent. A sharp correction in crude oil price, coupled with a strong rupee, helped markets form a bottom and reverse the trend. Relief in the NBFC space helped ease concerns helping the market gain. December series is expected to open on a flat to a positive note. The first half of the December series coincides with a lot of markets impacting domestic and global events. We expect resistance at 10,900-11,000 levels. It is very critical to...

Consumption, IT and energy stocks are in the green, while the Nifty Auto index is showing some negative bias. Citi on Marico: Research house maintained buy rating on the stock with a target at Rs 430 per share. According to the firm, the copra tailwinds should boost overall GMs from this quarter. Buzzing: Torrent Pharmaceuticals shares gained 3.6 percent on Friday after the company redeemed non-convertible debentures on Thursday. Rupee Update: Indian rupee is trading higher by 18 paise at 69.66 per dollar against Thursday's close 69.84. CLSA on Maruti Suzuki: Shares of Maruti Suzuki India rose 1.5 percent after CLSA retained buy call on the stock with a target of Rs 9,200 per share. Shares of Yes Bank are up 6 percent as the management issued clarifications to CNBC-TV18 over ownership in Morgan Credit.  Market Update Equities have further extended their gains, with the Sensex soaring over 170 points. The Nifty is well above 10,900. The ...

The breadth of the market favoured the advances with 1006 stocks advancing and 499 declining while 534 remained unchanged. On the BSE, 927 stocks advanced, 465 declined and 68 remained unchanged. The Indian benchmark indices are trading on a positive note with the Nifty50 up 50 points, trading at 10,908 while the Sensex gained 164 points at 36,335. Nifty IT is up 1 percent led by Wipro, TCS, Infosys, Mindtree, Infibeam Avenue, Tata Elxsi and Tech Mahindra. Nifty Energy is up close to a percent led by GAIL India, HPCL, ONGC and Reliance Industries. Media stocks are also buzzing in this morning session led by EROS International Media, INOX Leisure and Zee Entertainment. From the PSU banking space, the top gainers are Central Bank of India, Indian Bank, State Bank of India and Punjab National Bank. FMCG stocks are up with gains from United Spirits, Emami, GSK Consumer, Hindustan Unilever, ITC, Godrej Industries, and Britannia Industries. From the BSE small sp...

There were pending buy orders of 2,808 shares, with no sellers available. Shares of Asian Oilfield Services locked at 5 percent upper circuit in the early trade on Friday after the company won an award of the contract from ONGC. There were pending buy orders of 2,808 shares, with no sellers available. The company has received a letter of award of the contract from Oil and Natural Gas Corporation (ONGC) for the hiring of services for 2D Seismic  Data Acquisition in un-appraised on land areas of Sedimentary Basins of India Sector 11A (Himalayan Foreland area) valued at Rs 27.65 crore. Asian Oilfield Services was quoting at Rs 83.70, up Rs 3.95 on the BSE. The share touched its 52-week high Rs 297.45 and 52-week low Rs 69.00 on 10 January 2018 and 21 November 2018, respectively. Currently, it is trading 71.86 percent below its 52-week high and 21.3 percent above its 52-week low. Disclaimer:- The views and investment tips expressed by investment expert...

Lower input costs and sharp improvement in macros with stable rupee and oil correcting over 25-30% to help earnings growth. A strong, double-digit earnings growth of 18 percent in FY19 should shore up the market going ahead, Sanjiv Bhasin, executive vice-president, markets and corporate affairs at IIFL said in an interview to Moneycontrol's Uttaresh Venkateshwaran. For the upcoming fiscal, he expects Nifty to trade between 10,000 and 12,000 and by next Diwali, the index could touch 14,000. Edited excerpts: Q. What is your review on the recently-concluded earnings season? Which were the big surprises and disappointments? A. The outperformers were metals, private banks, NBFC, energy, consumption and capital goods. Disappointments were mainly from pharmaceuticals, auto, PSU banks and realty. Q. What is your outlook for the rest of FY19? A. FY19 should see strong double-digit earnings growth with consensus 18 percent overall growth. This is on the back of lo...

Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 13.5 points or 0.12 percent. Nifty futures were trading around 10,929-level on the Singaporean Exchange. The Nifty50 is likely to open on flat but on largely on the higher side on Friday tracking positive trend seen in other Asian markets. The index closed 129 points higher at 10,858 on Thursday. Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 13.5 points or 0.12 percent. Nifty futures were trading around 10,929-level on the Singaporean Exchange. Wall Street closed slightly lower on Thursday as tech and financial shares slumped, erasing earlier gains stemming from Federal Reserve minutes showing the central bank opened the debate on when to pause further interest rate hikes, said a Reuters report. Share markets ticked slightly lower in early Asian trade on Friday as investors await a closely watched meeting between the Chinese and US pres...

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent. In Japan, the Nikkei was up 0.2 percent. Share markets ticked slightly lower in early Asian trade on Friday as investors await a closely watched meeting between the Chinese and US presidents in Argentina this weekend for signs of a trade war detente. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent. In Japan, the Nikkei was up 0.2 percent. The mostly muted market moves followed a mixed day on Wall Street, where stocks swung between losses and gains to ultimately end lower, amid conflicting signals on the outlook for trade talks. The Dow Jones Industrial Average fell 0.11 percent, to 25,338.84, the S&P 500 lost 0.22 percent to 2,737.8 and the Nasdaq Composite dropped 0.25 percent to 7,273.08 at Thursday's close. US stock market futures pointed to more weakness on Friday, with S&P e-mini futures ticking down 0.14 percent to 2,740.5. ...

The Dow Jones Industrial Average fell 27.59 points, or 0.11 percent, to 25,338.84, the S&P 500 lost 5.99 points, or 0.22 percent, to 2,737.8 and the Nasdaq Composite dropped 18.51 points, or 0.25 percent, to 7,273.08. Wall Street closed slightly lower on Thursday as tech and financial shares slumped, erasing earlier gains stemming from Federal Reserve minutes showing the central bank opened the debate on when to pause further interest rate hikes. All three major US indexes ended the session down a fraction of a percent. The minutes showed almost all Fed members agreeing that another rate increase was "likely to be warranted fairly soon," but also ticked off a series of issues that had begun weighing on their view of the economy. That release briefly lifted equities to the plus side, but gains faded into the close. Wall Street rallied a day earlier as comments from Fed Chair Jerome Powell signalled to many investors that the Fed's three-year tightenin...

The Nifty rollovers stand at 71 percent which is higher than the 3-month average of 68 percent, but lower than November series rollover of 75 percent. What a day for Indian markets? Sensex jumped by over 450 points to reclaim Mount 36K while Nifty saw a rally of over 100 points to close above 10850. From expiry to expiry perspective, Nifty rose more than 7 percent to post its highest single series gain since March 2016. Nifty rollovers stand at 71 percent which is higher than the 3-month average of 68 percent, but lower than November series rollover of 75 percent. Well, after around 18 trading sessions of a range bound move, the market has finally broken on the upside. The Index has managed to move past the resistance band of around 10780 and also its 200-DMA, onto the range of 10850-10950. This certainly indicates a bullish bias; however, the broader markets are a cause of concern, highlights experts. Rupee soars 77 paise, breaches 70/USD mark after 3 mon...

Among sectors, banks, autos, consumption, and metals traded in the green. The Nifty Midcap index is up over half a percent. BUZZING STOCK | Vakrangee shares were locked in 5 percent upper circuit for fifth consecutive session on Thursday after the company received clean chit from market regulator SEBI and EOW in stock manipulation case. The stock was quoting at Rs 30.70 on the BSE and there were pending buy orders of 1,427,065 shares, with no sellers available, at 12:37 hours IST. "SEBI has given a clean chit to a recently conducted an investigation into the trading activities of certain entities in the scrip of Vakrangee," the company said. Market Update The Sensex is up 379.79 points or 1.06% at 36096.74, and the Nifty up 105.60 points or 0.98% at 10834.50. The market breadth is narrow as 1121 shares advanced, against a decline of 1135 shares, while 126 shares are unchanged. Cadila Healthcare gets USFDA approval: Zydus Cadila has received the fi...