Gold is range bound as market players have turned cautious awaiting more clarity on major issues
Going ahead, the yellow metal may stay volatile due to uncertainty related to the Brexit vote.
Feeble global economic outlook, intensifying trade war tensions between the US and China, hopes of policy easing from major central banks, Brexit and other geopolitical tensions lifted the yellow metal’s traditional safe-haven demand.
KKR India Debt Opportunities Fund sold 6,22,500 shares of HDFC AMC at an average price of Rs 2,690, according to the BSE block deal data.
CNBC Commodity Editor Manisha Gupta takes us through the major happenings in the commodities market.
Coming out with the circular, Sebi has asked all listed entities and material subsidiaries to ensure that an auditor issues the audit report, if he or she is tendering resignation, within 45 days from the end of a quarter.
In the futures market, gold's rate touched an intraday high of Rs 38,194 and an intraday low of Rs 37,965 on MCX.
The HDFC series W-003 October 22, 2029 secured redeemable non-convertible debentures have been issued on a private placement basis, HDFC said in a regulatory filing.
Shares of Reliance Industries, HDFC Bank, Larsen & Toubro, Tata Consultancy Services and Maruti Suzuki emerged as the top contributor to the rally in the market.
Going ahead, if Brexit deal is done by the Parliament, as mentioned by UK PM, then we can see further appreciation in rupee, says Rahul Gupta, Head of Currency, Emkay Global Financial Services.
The value of the October contract traded so far is Rs 2238.73 crore and November contract saw value of Rs 153.81 crore.
The 30-share Sensex closed 246 points, or 63 percent higher at 39,298.38, with 24 stocks in the green, while Nifty finished 76 points, or 0.65 percent up at 11,661.85, with 35 stocks up and 15 down.
The regulator has been auctioning properties of the group's companies and their directors for the past two years. Besides, it had put up on sale, jewellery, ornaments and other valuables of Sai Prasad Group.
In the futures trade, gold and Silver prices were volatile on October 17 on Brexit related reports.
On the Multi Commodity Exchange, crude for delivery in October traded higher by Rs 26, 0.68 per cent, at Rs 3,831 per barrel in 17,828 lots.
Global benchmark Brent crude oil futures fell by 9 cents, 0.2%, to $59.82 a barrel by 0039 GMT.
FIIs have been net buyers for the past four trading sessions and have poured in more than Rs 2,000 crore in Indian equity markets since October 11, provisional data showed.
The payments were due on Wednesday and Thursday, the company said in regulatory filing.
US crude inventories soared by 9.3 million barrels in the week to October 11, the US Energy Information Administration said, far surpassing estimates for a build of 2.8 million barrels last week.
In a filing to the stock exchanges on Thursday, the company said board meeting would be held on October 24.
NTPC Ltd is planning to raise funds by way of a term loan from the international markets to finance its capital expenditure, it said.
The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.31 per cent to 97.69.
The gold/silver ratio,which is the amount of silver needed to buy one ounce of gold, currently stands at 84.81 to 1.
For the next couple of sessions, we expect the USD-INR to quote in a wide range of 71.20 and 71.80 (Spot), says Gaurang Somaiyaa, Forex & Bullion Analyst, Motilal Oswal Financial Services Private.
On the Multi Commodity Exchange, crude oil contracts for November delivery slipped Rs 28, or 0.73 percent, to Rs 3,813 per barrel.