Wednesday, 17 June 2015

Precious Metals may witness volatility; Market continued its rally

Asian markets finished approximately a sure note and the US p.s. futures are trading in the green.MCX, gold prices are trading lower by 0.3 percent at Rs.26876/10 gms. Prices declined as investors waited for a Federal Reserve confirmation for clues upon the timing of a U.S. saintly luck make smile rate hike.European markets are trading lower today.Spot gold prices are trading lower by $2.5 at $1178.41/oz.

The Market continued its rally for the fourth consecutive session Wednesday, rising 0.55 percent ahead of result of Feds two-day meeting tonight. Index heavyweights once Reliance Industries, L&T and HUL drove the market behind. The broader markets outperformed benchmarks

The 30-share BSE Sensex climbed 146.15 points to 26832.66 and the 50-allowance NSE Nifty rose 44.25 points to 8091.55.


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