Market LIVE Updates: Sensex hits all-time high, Nifty above 18,850; realty gains, metals drag

Stock Market LIVE Updates: Among sectors, power, auto and realty up 0.5% each, while metal index down 0.5%

• • 1D
  • 5D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 2Y

  Biggest Gainer	Prices	Change	Change%
  HDFC Life	657.35	13.65	+2.12%

  Biggest Loser	Prices	Change	Change%
  JSW Steel	760.50	-12.65	-1.64%

  Best Sector	Prices	Change	Change%
  Nifty Midcap 100	35713.70	384.50	+1.09%

  Worst Sector	Prices	Change	Change%
  Nifty Metal	6210.55	-36.10	-0.58%

  
  

India will be among first markets to hit life-time high, says Atul Suri of Marathon Trends

• Market veteran and trader Atul Suri is seeing strong signs of a global recovery in equities, led by India. He bets that there is still more upside on Nifty from current levels, and soft crude prices will sustain this rebound in world equities... Read More

  

Expect sideways trade to continue in gold before Fed Chair testifies: Saumil Gandhi, Senior Analyst (Commodities), HDFC Securities

Gold prices were steady after dropping nearly 0.70% on Tuesday, with spot gold at Comex trading marginally up by 0.05% at $1936 per ounce in the morning session. Gold prices hovered near a critical support level before the speech from Federal Reserve Chair Jerome Powell that could provide more insight on the interest-rate path. Meanwhile, the dollar index continued to recover and traded above the 102.0 level in the morning session.

We expect sideways trade to continue in gold before the Fed Chair testifies, and volatility is likely to expand after the Fed Chair's speech. On the technical front, Comex spot gold has strong support at $1925/oz; if price breaks this support, the fall will extend to the $1910/oz level. The area around $1960/oz acts as resistance for the day. MCX Gold August future has support at Rs 58600 per 10 gram and resistance at Rs 59370 per 10 grams.

SOURCE - MONEY CONTROL