The pace of recovery in monsoon sowing of kharif crops has increased soon. In under a week ago, about 45% is now down to just 27% . Compared to the previous five-year average sowing of kharif crops has now been reduced to 25% less. The much-improved cotton, peanuts and soybeans have seen.
The indian stock market opened in positive site, The nifty index showing red color in morning session and the sensex began by covering up 55 pts on monday on the fresh buying zone by bankex, capital goods, auto, power index.
After closing fresh record highs , the market has opened on bearish note on friday. Sensex,nifty turn negative after high gains. The Sensex is down 17.67 pts at 26254.18, and the Nifty is down 2.40 pts at 7828.20.
There is a sudden drop in gold and silver. After a decline of 0.32% on MCX Gold August Futures is trading at Rs 27720. while silver is trading at Rs 44700 fell 0.70%. Crude oil gained 0.15% since August Futures remains at Rs 6208. Natural gas is falling 0.09% at Rs 226.50.
MCX gold has been reduced somewhat early lead. The pressure in the commodity market. In the rupee against the dollar has strengthened today. With marginal gains of 0.1% on MCX gold is trading around Rs 27 920. Silver is also sustained pressure. MCX silver is down 0.25% fall to Rs 45,000.