India’s leading index BSE drops to 230 points today to 32,049 while NSE tumbled 73 points to 9984 in the early morning session of BSE Weakness in precious metals pushed PCJewelers shares Higher today. DBIL, PCJewelers and HINDALCO are the top gainers today in Bombay stock exchange(BSE) and yesterday top gainer JP Associates is today Top loser trading at 26.25 with 7% change and near to day’s low of 26.20 at 10:19 IST , Unitech, and SPARC are among the top losers today.Unitech trading at day’s low of 8.12 and SPARC 5% down to 360.50 near to day’s low of 357.50
DBIL, PCJewelers, and HINDALCO among the top performers in BSE weakness in gold and silver prices lifts the price of PCJewelers today and is currently trading 19 points up to 291 after making day’s high of 295.40. While DBIL is trading at 580.55 nearly 7% up from the last day closing price.Good demand in the metal markets pushed HINDALCO share price to 239.35 nearly 5% up from the closing price and today it made its 52 weeks high of 244.80.In the coming weeks, we can see new highs for HINDALCO and PCJewelers as strong demands in metals can add fuel to HINDALCO share price, weakness in precious metals can add up more shine in PCJewellers share price, target up to 310 can be seen in the coming weeks.
In commodities, crude oil trading at 49.24$ after news coming from a decline in US stockpiles and rise in shale production shows signs of slowing and rigs count reduced to 1 on Friday. Market is waiting for the API data on late Tuesday and Weekly US inventory data on Wednesday for the direction in crude oil The market is still anticipating the further increase in oil prices suspecting it touch the 50$ mark The dollar index is Red in today’s morning session and trading at 93.17 at 10:57 IST strong demand in metal market pushed metal prices higher today as zinc trading at 182.75, nickel(656.30), copper(409.40), lead(150.30) and aluminum at 125.35