Indian Market Under Big Fall, Gold & Silver Boosted Up

Although, The Indian Domestic Market made a nice opening in the morning today, but the market didn't take much longer to fall into the negative zone and ended up in a very badly. The Indian Market was weakened by increased market selling and weak global signs. Except, Asian Paints Most of the Sensex and Nifty stocks ended up with loss. The top benchmark index Sensex closed at 23410.18 after losing 378.61 points and Nifty closed at 7109.55 with the loss of 125 points. The MCX Commodity Market is also facing the same situation. Except, Gold Silver and Mentha Oil all other base metals are trading with negative signs. In major base metals, Gold is moving up with the hike of 188 points, Silver is moving up with the hike of 34 points and Crude oil moving down with the loss of 32 points.

Gold price down in domestic market,

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Gold price fell by Rs 60 in the second day of the trading session, the price came to Rs 28910 per 10 gm. The price dropped to Rs 340 in two days.

Silver in the recovery trend, the Silver price rose by Rs 150  came to Rs 37250 per Kg.

Due to lower demand in domestic market, Gold has declined and not benefited by strong global cues.  

Asian Market Down, Spice Jet & Gayatri Projects Hiked Up

On the last trading day of this week, due to the increased sell in the American Market, Asian Market opened with loss. The Japanese Benchmark Index Nikkei 225 dropped by 300 points (2.17%) in the morning trade. Except Cospi, all other Asian Indexes are moving with red sign. The Indian Benchmark Sensex is currently trading at 23647.30 with the loss of 1.92 points and Nifty is trading at 7190.25 with the loss of 1.50 points.

The shares of Auto, Infra, Pharma, Metal, Capital goods are getting sold, which is pushing on the pressure on Indian Stock Market. Nifty's Metal Index received the drop of 1%, Pharma Index by 0.6% and Auto Index by 0.5%. 

Due to the increased traveling passengers in January, the record load factor of Spice Jet has been increased by 92.1%. This announcement made a positive impact on Spice Jet. Currently, Spice Jet is trading at 68.75 with the hike of 4.64%. Gayartri Projects made an agreement with Telangana Power for the production of 570 Megawatt electricity for next 8 years. Gayatri Stock took a big jump after receiving this contract. According advice to invest in these stocks for higher returns.