Indian stock markets extends there gain on Monday as BSE opens 163 points plus at 32,192.92 and Nifty gained 43 points crossed 9950 mark ,Reliance Industry trading with huge volume continued its momentum with 2.3% upward movement created new high of 1622 on BSE, While Wipro reported 1.80% upward movement and trading at 291.20,ITC Share surge 2.4% on the news of price hike on Cigarette. The company hiked prices of Gold Flake Kings to 300 and Navy Cut filter price increased to 188 per 20 pack. Share price of AstaZeneca Pharma advanced surged 3.5 percent as the company is set to launch anti-cancer drug Osimertinib 40mg and 80mg in India on July 27th.
Nifty Midcap gained 0.2 percent in early trade. Divis Labs, SREI Infrastructure, MRPL and Persistent Systems lost up to 5 percent.JP Associates , Welcorp, Unitech, GMRINFRA and J&K bank are the Top Performers on BSE , The 30-share BSE Sensex was up 51.05 points at 32,079.94 and the 50-share NSE Nifty gained 9.05 points at 9,924.30. Aviation industry opened flat and observed range bound trading in Shares of Spice jet (169.50 -0.47%),Indigo(1235,-0.54%),Jagsonai(5.10,0.99%),JETAirways(599.05,0.41%) ,Tallent(169.50,-0.47%) at 11am,As the traders are cautious about taking any position before the highly anticipated meeting of OPEC meeting on Oil prices.
On the other side commodities short covering is witnessed in crude price from Fridays closing price of 45.77 to 45.83$,Dollor remained in the negative territory in the early hours of Asian markets which may push silver price of the current contract to 39000 and gold price to 29000 in this week.On weak Japanese data metal market is seen range bound today as doctor copper trading at 388.40 below day’s opening price of 389.15,similar weakness is seen in other metal Nickel (618.60),zinc(179.35) , lead(144.10) and aluminum(122.70).
