The Sensex and the Nifty are seeing gains amid good global cues. Sensex is seeing an increase of about 340 points. Along with heavyweight stocks, midcap stocks are also seeing a boom. The midcap index of the BSE was trading at a gain of 1.2 percent. Smallcap shares are also seen buying. The BSE’s Smallcap Index is trading with a gain of 2 percent. Oil and gas stocks are also seen today. The BSE oil and gas index is trading up 0.86 percent. At present, the 30-share BSE Sensex is trading around 39,180 with a gain of about 325 points ie 0.84 percent. On the other hand, the NSE’s 50-share major index Nifty is trading above 11550 with an increase of around 90 points i.e. 0.8%.
Asia is getting good signs today. The SGX NIFTY has mild strength. DOW FUTURES also traded up 220 points. However, U.S. markets closed on Friday due to pressure on tech stocks. Meanwhile, Soft Bank’s stock has seen a jump of 9 percent. There are signs of a good start to the week today. Asian markets and U.S. futures are strong. Dow Futures has a lead of 180 points. S&P Futures has a lead of 30 points. The Federal Reserve meeting will be closely watched this week. Brent prices are under $ 40.
Gold and Silver
Markets will be watching the U.S. Fed meeting this week. Meanwhile, Brent prices have come down to $ 40. While the army is visible in a small circle. This week, gold can be in the range of 50500 to 52 thousand. 70 percent of brokers are shopping for opinions on the decline. 30% of brokers on silver could have a range of 65000-71000 this week. At the same time, 70 percent of the brokers are of the opinion that the range of silver could be 66000-69000 this week. Regarding the strategy on gold and silver, 70 percent of the brokers are of the opinion that buying is on the decline and 30 percent of the brokers are of the opinion that sales are on the rise.