Closing update

Nifty and sensex turned green during  end of the day

Companies who came with their IPO few days back i.e TeamLease Services and Quick Heal Technologies were most active on exchanges today. TeamLease rebounded sharply, up 2.5 %after losing more than 18%  intraday. Quick Heal gained 5% after hitting 52-week low of Rs 242.Bank shares and education shares including educomp,Careerpoint rallied during the day

 

Nifty gainers   ICICI Bank,Bajaj Auto,M&M,PNB,SBI,NTPC,Asian Paints
Top Stocks in news are :Jet Airways, BHEL, Spicejet 

India's oil imports from Saudi Arabia and Iraq hit the highest in more than a decade last month as OPEC's top producers gained at the expense of Latin American crudes, a validation of the OPEC policy of maintaining output and fighting for market share.

India, the world's third-largest crude oil importer and since shipping distances are short,hence the Middle East members of the Organization of the Petroleum Exporting Countries (OPEC) are giving prefernce to India for oil exporting.

Most of the experts advised to sell GOLD & CRUDE by looking at the current trend in commodity markets

Commodity Trading MCX Tips Today Evening Session

In international market gold is trading at the lowest of last 2 months. In domestic market on Multi Commodity Exchange of India the gold is trading above 27800. Silver is trading around 42000. Interest rates are expected to go up in America next year based on this news dollar is trading at the high of last 11 months. In the evening session today traders are advised to sell gold while may take long position in the copper. Natural gas is also a good bet from profit point of view. On NCDEX soyabean was trading on lower side but recovered in the successive trading sessions.