Market Watch

Friday 18 July 2014

Afternoon Stock & Commodity Market Updates


The BSE Sensex is higher 0.2 percent, while the Nifty is 0.23 percent higher, helped by gains in technology shares. The NSE IT index is up 1.7 percent after Tata Consultancy Services Ltd (TCS.NS), India's biggest software services exporter, posted a better-than-expected profit for the April-June quarter.
TCS shares are up 3.2 percent, while Wirpo Ltd (WIPR.NS) gains 2.4 percent.
Among other blue-chips, ICICI Bank (ICBK.NS) is up 1.3 percent and Hero MotoCorp (HROM.NS) rises 1.5 percent.
Gold prices fell by 0.16 per cent to Rs 28,155 per 10 grams in futures trade today as speculators trimmed positions, tracking a weak global trend.
At the Multi Commodity Exchange, gold for delivery in August fell by Rs 44, or 0.16 %to Rs 28,155 per 10 grams in business turnover of 1,396 lots.
Spot gold slipped 0.3 percent to $1,312.80 an ounce by 0655 GMT. Asian shares sagged and a drop in Treasury yields pressured the dollar on Friday after news of the downed Malaysian airlines jet sent investors scurrying into defensive assets. 

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