As the depreciation of Dollar and the appreciation of rupee terms to be closed around INR 63.84 / USD, this appreciation have affected both the Share Markets and the Bullion’s and Base Metals as well.
Today where we have seen the highest Intra day Bull of 2013 in both Bombay Stock Exchange (SENSEX) and National Stock Exchange (NIFTY) then on the other hand we have also seen the downfall in the Gold & Silver and the Base Metals.
SENSEX made an Intraday record of 2013 by touching 20,000 levels around 3% above the previous close and NIFTY touches 5900 levels that too around 3% above the previous close where as Auto Sector was the leading bull in today’s markets.
Gold, Silver, Crude Oil
Gold & Silver closes down by 2.58% and 3.51% respectively in today’s trades as you can see that the depreciated dollar have affected all over the market today Gold future contracts closed at 30,751 down by 789 and Silver at 52227 down by 1890.
Today Crude Oil slips below 7000 levels and touches 6800 levels as well it was down by more than 3% in the intra day trade.
Other Base metals were also in the Red sign today as Nickel was down by 2.69 % copper by 1.37 % , LEAD by 1.85%
These Market Scenarios are expected to be same for another 2-3 trading sessions.