Tuesday,
August 07, 2018
TIME:
5:08pm IST
Five “O” Clock
Currency Commodity Report
Closing
prices:
Usd/Inr: 68.6750
Sensex: 37691.89
Nifty: 11389.45
Current rates
Spot Gold: $1213.85
Spot Silver: $15.4650
MCX Gold October: Rs.29688
MCX Silver September: Rs.38139
Indian stock indices closed flat on lack of news to rise.
There was profit taking on short euro/usd and gbp/usd positions on no new trade
war. The rise in Chinese stock markets also resulted in profit taking of long
US dollar positions. There is no key US economic data release today. Indian
Rupee gained against the US dollar on continued FII buying in stock markets.
All I can say is that one should not get caught in sudden one way price moves.
Precious are consolidating while industrial metals have risen.
No comments:
Post a Comment