Gold Silver Down, Indian Market Moving Slow After Holidays

After a long break, finally Stock Market opened on Monday with green sign, but very soon the market received an unexpected fall down. Currently, Sensex is moving at 25277.19 with the loss of 60.37 and Nifty is moving at 7702.40 with the loss of 14.10 points. After the worldwide analysis, most of the Global Market seems to falling down. In global market, Japanese Index Nikkei 225 is trading at 16983.33 with the loss of 19.42 points and Hong Kong's Index Hang Seng is trading at 20345.61 with the loss of 269.62 points. BSE Auto, Oil & Gas, IT & TECk sectors are in positive zone and except them all others are facing loss. With the hike of 1.95% the stock of BPCL has climbed up to the level of 885.40 and moving as the top gainer today, following by Ambuja Cements, Adani Ports and Kotak Mahindra. In MCX Commodity Market, Gold Silver and Natural Gas contracts are moving with loss and except them all other Base Metals commodities are trading on positive side. Gold Live at 28377 with the loss of 222 points, Silver is at 36572 with the loss of 97 points whether Crude oil is live at 2673 with the hike of 15 points.

Monday Morning Stock Updates with Market News

Indian Stock Market gave a nice opening in the Monday Morning Session. But after a surprising performance on Friday, Mcx Commodity market opened very poorly today. With the hike of 152.76 points Sensex is live at 25105.50 and with the rise of 44.20 points Nifty is live at 7648.55 level. In BSE, except IT and TECk all the sectors have received the positive changes. Whether, Gold live at 29131 with the loss of 225 points, Silver Live at 37756 with the loss of 387 points and Crude oil live at 2758 with the loss of 6 points. 

In Hot Stock Updates- Aurobindo Pharma has got approval from USFDA for its Osteoporosis Medicine. Aurobindo Pharma Stocks seems moving upwards after this news. Government has given approval for the FDI Investment in NBFC Companies. After the announcement in the budget the approval is given for 25 sectors. This news will give positive impact on finance companies like Magma Finance, M&M finance and Repco Homes.

Government cuts interest rate on PPF

A cut has been announced on interest rates on small savings. PPF interest rates have been reduced from 8.7% to 8.1%, while that on 5 year recurring deposit has been reduced to 7.4% from 8.4%. 

The interest rate on Kisan Vikas Patra has been slashed to 7.8% from 8.7%. 

Besides, the government also has slashed interest rates on 3-year time deposit to 7.4% from 8.4%; 5 year time deposit to 7.9% from 8.5% and on girl child scheme to 8.6% from 9.2%.