Equity Benchmarks Rising High, Gold Silver Down

Equity Benchmarks extended rally in the morning session. Market has risen more than 1 percent till yet. Sensex is up 281 points to 28141 and Nifty is up 78 points to 8670. Currently Rupee is trading at 66.81 with 3 paise hike against US Dollar. Bullion Market dropped in the early sessions. MCX Gold with 167 points down trading at 31160 and Silver dropped 280 points to 46475. Natural Gas with minor drop is trading at 169.70 and Crude Oil has hiked a good amount of 38 points to 2950. Asian market indices are trading high in the positive zone. Nikkei has hiked 191 points to 16926, Hang Seng with 164 points lead trading at 22745 and Shanghai Composite is trading low with just 7 points up at 3009. 

Indian Sectors are showing high movements positive leads. BSE Auto is trading highest with 308 points lead to 21486, BSE Bankex hiked 195 points to 21519 and Bank Nifty with 152 points up trading at 18792. BSE Small Cap with 80 points lead trading at 12270, BSE Mid Cap has risen 129 points to 12777 and Nifty MidCap with 115 points up trading at 14858.

Weekly Wrap by Moneymaker Research

The Sensex rose 248.62 points or 0.89% to settle at 28,051.86, in the week ended 29 July 2016. The Nifty 50 index gained 97.30 points or 1.14% to settle at 8,638.50. The BSE Mid-Cap index gained 3.13%. The BSE Small-Cap index rose 1.67%. Both these indices outperformed the Sensex.According to reports, the government on Friday, 29 July 2016, listed the much- awaited GST bill for consideration and passage in RajyaSabha's agenda for the next week.

Minister of state for parliamentary affairs Mukhtar Abbas Naqvi, while making a statement regarding government business for the week starting 1 August in the Upper House, reportedly said that the GST constitutional amendment bill will be taken up for consideration and passage in the RajyaSabha.. For the GST bill to become a law, the bill also needs to be approved by half the state assemblies after its passage in the parliament. GST, touted as the single biggest indirect taxation reforms since independence, will simplify and harmonise the indirect tax regime in the country. The month-long monsoon session of the parliament will conclude on 12 August 2016

Equity Benchmarks Strong Opening, Sensex Reclaims 28000 level

Stock Market started on a higher note in the morning trade on Friday. Benchmark indices are trading with fabulous leads. Sensex live at 28017 with 303 points hike and Nifty live at 8641 with 90 points lead. All the major sectors are trading in the positive zone. BSE Small Cap with 127 points hike live at 12255, BSE Midcap with 118 points hike live at 12605, Nifty Midcap currently on 14734 witk 139 points up and the Auto sector is leading of all with 244 points hike at 21253. Asian Market is trading mixed. Nikkei dropped 11 points to 16243, Hang Seng with 301 points up trading at 22134 and Shanghai Composite with 3 points down live at 2979 points. MCX and NCDEX market are showing the average movements. MCX Gold dropped 20 points to 31760 and Silver slided 127 points down to 47550. Crude Oil and Natural Gas with minor drop are trading at 2782 and 189 points respectively. Rmseed dropped 7 points to 4924, Soyabean had a minor drop of 2 points at 3628 and Cocudakl uplifted 9 points to 2547.