At the higher end, intermediate resistance levels are identified around 25250, followed by a bearish gap located in the 25340 zone. Nevertheless, given the current technical configuration, the range of 25500 to 25600 appears to be attainable in the near term, says Osho Krishan, Sr. Analyst – Technical & Derivatives, Angel One.
Any pause in FII net selling—similar to the trend seen from March to June this year—is expected to be a positive catalyst for the markets, said Ashwini Shami of OmniScience Capital.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,09,352 per 10 grams today.
Gold prices climbed Rs 572 to trade close to record levels at Rs 1,09,553 per 10 grams in the domestic futures market on Friday.
Silver futures with December expiry hit a fresh all time high of Rs 1,28,612 per kilogram on MCX today. Silver contracts with March expiry rose nearly Rs 1,600 to hit Rs 1.3 lakh per kilogram for the first time ever.
Emkay's Seshadri Sen remains constructive on discretionary consumption (not staples) and select healthcare/industrial sectors.
Oil held a decline after the International Energy Agency projected an even bigger surplus next year, with the bearish outlook offsetting concerns about geopolitical tensions from the Middle East to Europe.
Stocks to Watch, 12 September: Stocks like Infosys, Canara Bank, Lodha Developers, Bharat Forge, Consolidated Construction Consortium, NBCC, JBM Auto, Marico, GMR Power, Travel Food Services, RailTel Corporation of India, and Prostarm Info Systems will be in focus on September 12.
China’s so-called anti-involution campaign has driven a structural reset in the local economy, and for India, this opens up opportunities across commodities, renewables, chemicals and EVs.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,08,705 per 10 grams today.
The Foreign institutional investors (FIIs) sold equities worth Rs 115 crore on September 10, while Domestic institutional investors (DIIs) purchased equities worth Rs 5004 crore on the same day.
Global liquidity conditions, geopolitical developments, and the actual pace of economic reforms will play crucial roles in shaping the market's trajectory, said Dezerv's Vaibhav Porwal.
Stocks to Watch, 11 September: Stocks like Dr Reddys Laboratories, Jupiter Wagons, Rail Vikas Nigam, Highway Infrastructure, Mazagon Dock Shipbuilders, Tega Industries, GMR Airports, Adani Ports and Special Economic Zone, Torrent Pharmaceuticals, Muthoot Finance, Kotak Mahindra Bank, and Healthcare Global Enterprises will be in focus on September 11.
Gold's October contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 1,08,744 per 10 grams today.
Oil prices rose on Wednesday after Israel attacked Hamas leadership in Qatar and U.S. President Donald Trump asked Europe to impose tariffs on buyers of Russian oil, but a weak market outlook capped gains.
The recent GST rationalisation is crucial as it signals the next wave of reforms, said Rajesh Cheruvu of LGT Wealth India.
Stocks to Watch, 10 September: Stocks like Kotak Mahindra Bank, Vikram Solar, Blue Jet Healthcare, Sun Pharmaceutical Industries, HEG, Sterling and Wilson, Mamata Machinery, Bikaji Foods International, and Optivalue Tek Consulting will be in focus on September 10.
Gold rate today: Yellow metal's futures with October expiry crossed the key Rs 1,09,500 per 10 grams mark on MCX earlier today.
Gold's rise is being driven by a combination of factors including a weaker US dollar, expectations of interest rate cuts, political pressure on the Federal Reserve, and heightened geopolitical uncertainties, said Axis Mutual Fund.
The FIIs extended the selling on 11th consecutive day as they offloaded equities worth Rs 2,169 crore on September 8, while DIIs purchased equities worth Rs 3,014 crore on the same day.
Rishabh Nahar advised focusing on durable consumption sectors such as household staples, autos, and financials that enable consumption.
Stocks to Watch, 09 Sept: Stocks like Infosys, Voltamp Transformers, RailTel Corporation of India, Strides Pharma Sciences, IRB Infrastructure Developers, Brigade Enterprises, Prime Focus, Amanta Healthcare, and Vikram Solar will be in focus on September 9.
As global reliance on the US dollar declines, India cautiously adapts—balancing local currency trade, reserve diversification, and strategic autonomy to strengthen its financial resilience in an emerging multipolar global economy
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 1,07,456 per 10 grams today.
A bumper Diwali season is surely on the cards, but more importantly, GST rationalisation underpins a steady consumption recovery over multiple quarters, said Saurabh Rungta of Avendus Wealth.