Market Update

Wednesday 3 July 2019

Gold prices climbed over 1% to hit a one-week high on Wednesday, helped

Gold prices climbed over 1% to hit a one-week high on Wednesday, helped

Gold prices climbed over 1% to hit a one-week high on Wednesday, helped by a subdued dollar as renewed concerns over global trade encouraged safe-haven demand and drove down U.S. yields.

Shares of Kalpataru Power Transmission added 3.7 percent on July 3 after the company entered into binding agreements with CLP India to sell its stake in 3 power transmission assets namely, Kalpataru Satpura Transco, Alipurduar Transmission and Kohima Mariani Transmission, for an estimated enterprise value of Rs 3,275 crore.

Oil prices edged higher on Wednesday, steadying after a more than 4% fall in the previous session, as extended output cuts by OPEC and its allies helped underpin prices despite growing concerns about weak demand.

Benchmark indices opened lower on July 2 with Nifty below 11,900 level.
At 09:16 hrs IST, the Sensex is down 47.44 points or 0.12% at 39769.04, and the Nifty down 10.40 points or 0.09% at 11899.90. About 331 shares have advanced, 218 shares declined, and 35 shares are unchanged. 
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