KEY HIGHLIGHTS
Closing Bell: Back On Par
Indian equity markets reversed most of the losses made on Monday, led by a strong rebound in financials and Pharma stocks. The sentiment across the globe, however, continues to remain subdued with the Dow Futures unchanged and European markets trading lower.
The S&P BSE Sensex ended 0.9% higher at 40,522 while the NSE Nifty 50 index gained 1% to end at 11,889. Possible fund inflows due to the MSCI rejig kept the sentiment buoyant across select financial and some broader market names.
It was the Nifty Bank index which was the top performer in today's session, led by strong gains in Kotak Mahindra Bank. The index ended with gains of nearly 700 points, while Kotak's 11.7% advance was the biggest single-day gain in seven months.
Other major movers were Pharma stocks, with the index ending 1.6% higher. The FMCG index too ended with gains of 1.3%, courtesy the surge in Nestle India (up 6%) and Asian Paints (up 5.7%).
I.T. and PSU Banks ended at the other side of the spectrum today. The I.T. index fell 1.1% while the PSU Bank index ended lower by 0.9%.
The midcaps moved in tandem with the benchmarks in today's session. The midcap index closed with gains of 1.2%. The Smallcap index underperformed, closing 0.3% higher.
The India Volatility Index ended 2.8% lower at 22.19.
885 stocks on the NSE ended with gains while 917 reported losses.
How Did The Sectoral Indices Fare
Earnings Reaction: Amara Raja Batteries Q2FY21
- Revenue up 14% to Rs 1,935.8 crore
- Net profit down 29% to Rs 201.5 crore
- Ebitda up 16.3% to Rs 340 crore
- Ebitda margin at 17.6% from 17.3%
- Higher taxes impact profit growth
- Saw demand rebound across all key sectors
- OEM and aftermarket demand saw sharp rise in the automotive segment
- Aftermarket saw strong pent-up demand sustaining post initial lockdown periods
- Industrial business continued to see sustained demand from telecom and commercial UPS market segments
- Exports of automotive batteries and industrial batteries also saw growth
- Operating all manufacturing facilities near 100% capacity utilisation
- All numbers are standalone and compared on a year-on-year basis
Shares ended 3.4% higher at Rs 786 and have gained in seven out of the last eight trading sessions.
The Amazon-Future-Reliance Saga
Buzzing Stock: Deepak Nitrite
- Among top performers on the BSE Smallcap index
- Gains as much as 5.1% to Rs 750
- Biggest single-day gain in a month
- Today's volumes are 25% higher than its 20-day average
- Trading near its 50-Day Moving Average of 755.6 on the upside
- Relative Strength Index (RSI) of the stock at 48.1
- Trading 16% below its 52-week high of Rs 888 on September 18, 2020
- All six analysts tracking the stock have a buy recommendation
- The stock is trading 6% higher than its 12-month consensus price target of Rs 693, implying a negative return potential
Strong Traction In Pharma Stocks
Buzzing Stock: MRF
- Among top performers on the Nifty Midcap index
- Gains as much as 6.9% to Rs 67,656
- Biggest single-day gain in six months
- Trading at the highest level in over three month
- Has gained in four out of the last five trading sessions
- Up 13% in the last five trading sessions
- Today's volumes are five times its 20-day average
- One-month implied volatility at 25%
- Stock in overbought territory with Relative Strength Index (RSI) at 78
- Trading 8% below its 52-week high of Rs 73,565 on February 5, 2020
- Seven out of the 10 analysts tracking the stock have a buy recommendation; 2 sell calls
- The stock crossed its 12-month consensus price target of Rs 64,968 in today's session
Earnings Reaction: VST Industries Q2FY21
- Revenue flat at Rs 300.3 crore
- Net profit up 16% to Rs 88.5 crore
- Ebitda up 17% to Rs 113 crore
- Ebitda margin at 37.6% from 32.2%
- Higher excise duty impacts topline growth
- Excise duty at Rs 94.55 crore from Rs 23 crore
- All numbers are compared on a year-on-year basis
Shares ended 2.5% higher at Rs 3,451.
Active Stock Options
- Kotak Mahindra Bank's 1,600 Call: Premium up 1,300% to Rs 18.3. The contract has added 6.8 lakh shares in Open Interest.
- Reliance Industries' 2,000 Put: Premium down 45% to Rs 7.2. The contract has added 41,410 shares in Open Interest.
- Bajaj Finance's 3,500 Call: Premium up 274.8% to Rs 30.5. The contract has shed 91,000 shares in Open Interest.
Earnings Fineprint: CEAT Q2FY21
- Revenue up 17% to Rs 1,978 crore
- Net profit up to Rs 182.1 crore from Rs 43.6 crore
- Ebitda up 72% to Rs 292.9 crore
- Ebitda margin at 14.8% from 10.1%
- Replacement market contributed 71% to overall revenue in H1FY21 from 58% in H1FY20
- Gross margin at 46.5% from 41.1%
- Debt-equity at 0.59 times from 0.64 times
- All numbers are consolidated and compared on a year-on-year basis
At Close:
- Ends with gains of 1.4% at Rs 1,144.6
- Ends at the highest level since March 2019
- Ends higher for the fifth straight day
- Longest winning streak in three weeks
Markets At 2:10 P.M.
- Benchmark indices trading near the day's high
- Nifty up 0.65% at 11,844
- Sensex up 0.55% at 40,360
- Nifty Bank up 2.2% at 24,614
- Nifty Midcap index up 1%
- Nifty Smallcap index up 0.3%
- India Volatility Index down 1.7% to 22.4
- Nifty I.T. remains the top sectoral laggard; down 1.3%
- Nifty PSU Bank index is the other sectoral laggard; down 0.9%
- Nifty Auto, Nifty FMCG, Nifty Media and Nifty Pharma indices up over 1% each
- Kotak Mahindra Bank remains the top Nifty gainer; up 11%
- Infosys remains the top Nifty laggard; down 2.3%
- 844 stocks on the NSE are trading with gains while 924 are declining
Money Market Update
The rupee ended with gains in today's session, snapping a two-day losing streak after staging a recovery from the day's low to end near the day’s high.
The currency ended at 73.72 against the U.S. Dollar, as compared to Monday's close of 73.84. 73.95 acted as the lowest point of the day, while 73.71 was the intraday high.
Today's performance made rupee the second best performing currency in Asia, behind the South Korean Won.
Auction Schedule For Commercial Coal Mining Revised
The government has revised the auction schedule for coal mines to be used for commercial mining.
The e-auction for shortlisted bidders will now start on November 2 as compared to the earlier date of October 19, Bloomberg News reports, citing a statement from the Coal Ministry website.
The e-auction will continue until November 9, as planned earlier.
Adani, Vedanta are among the initial bidders for commercial coal mining.
Brokerage Reaction: Godrej Consumer Products
Shares of the company are gaining in today's session after brokerage PhillipCapital increased its price target on the stock, terming it as a anti-consensus, high-conviction buy.
PhillipCapital’s Rationale:
- Household Insecticides business will see a strong rebound due to rising preference for disease prevention products
- Hair colour business to make a comeback in FY22
- Personal wash segment becomes an interesting proportion
- Strong consumer response to health-based soaps in the Southern market
- Will prioritise growth over margins given the raw material tailwinds
- Raise FY22-23 EPS estimates by 7% each
- Top anti-consensus high-conviction buy
Shares gained as much as 2.4% to Rs 688. PhillipCapital has raised its price target on the stock to Rs 860 from the earlier 770 and maintained its buy rating.
F&O Snapshot: Active Options Contracts
- Nifty October futures add 3.6% and 3.2 lakh shares in Open Interest.
- Nifty Bank October futures add 15.1% and 2 lakh shares in Open Interest.
Nifty: October 29 Expiry
- 11,900 Call: Premium down 5.5% to Rs 44.4. The contract has shed 1.8 lakh shares in Open Interest.
- 11,800 Call: Premium up 2.4% to Rs 88.1. The contract has added 7.8 lakh shares in Open Interest.
- 11,700 Call: Premium down 31.5% to Rs 44.7. The contract has added 14.8 lakh shares in Open Interest.
Nifty Bank: October 29 Expiry
- 24,500 Call: Premium up 27.8% to Rs 264.3. The contract has added 42,850 shares in Open Interest.
- 24,000 Put: Premium down 47% to Rs 165.1. The contract has added 8.1 lakh shares in Open Interest.
- 25,000 Call: Premium up 6% to Rs 96.6. The contract has shed 12,050 shares in Open Interest.
Buzzing Stock: GE Power India
- Worst performing stock on the Nifty 500 index
- Down as much as 19.5% to Rs 296.4
- Biggest single-day drop on record
- Trades at the lowest level in over six and a half years
- Down for the third straight day
- Has declined in nine out of the last 12 trading sessions
- Today's volumes are more than 30-times its 20-day average
- Stock slips into oversold territory with Relative Strength Index (RSI) at 15
- Has more than halved from its 52-week high of Rs 827 on February 14, 2020
- Return potential of the stock as per Bloomberg data is 13.4%
Stock Update: Manappuram Finance
The company has informed the exchanges that it is considering various options for raising funds through borrowings.
The borrowings can be done through issuance of various debt securities in onshore or offshore securities market by public issue or through a private placement basis.
The raising of funds can also be done through issue of commercial papers, the company said in an exchange filing.
This will be done during the month of November, based on the prevailing market conditions.
Shares gained as much as 2.1% to Rs 160.6 and has snapped a three-day losing streak.
How Are The Sectoral Indices Faring
Stock Reaction: TCS
The company has informed the exchanges that it has been selected as the strategic partner by Equinor - the Norway-based global energy company to accelerate its digitalisation journey and help realising its vision of becoming a digital energy company.
TCS will aim to achieve data democratisation across equinor's core operations and harness the power of machine learning and advanced analytics to help Equinor achieve its growth and transformation objectives.
Shares are trading at the day's low, down 1.4% at Rs 2,650.
Buzzing Stock: Shriram Transport Finance
- Top gainer on the Nifty Midcap index
- Gains as much as 8% to Rs 745
- Biggest single-day gain in six months
- Trading at the highest level in two months
- Has gained in seven out of the last eight trading sessions
- Up 18% in the last eight trading sessions
- Today's volumes are double its 20-day average
- One-month implied volatility at 53%
- Trading near its 200-Day Moving Average on the upside at 756.8
- Relative Strength Index (RSI) of the stock at 67
- Trading 44% below its 52-week high of Rs 1,332 on February 24, 2020
- 33 out of the 41 analysts tracking the stock have a buy recommendation; 2 sell calls
- Return potential of the stock as per Bloomberg data is 12.7%
Kotak Leads Gains On The Nifty Bank
Markets At Noon
- Benchmark indices look to gain some momentum
- Nifty up 0.55% at 11,832
- Sensex up 0.5% at 40,335
- Nifty Bank up 1.7% at 24,469
- Nifty Midcap index up 0.6%
- Nifty Smallcap index down 0.2%
- India Volatility Index down 1.2% to 22.55
- Nifty I.T. remains the top sectoral laggard; down 1%
- Nifty FMCG is among the top sectoral gainers; up 1.3%
- Nifty PSU Bank and Nifty Realty down over 0.5% each
- Kotak Mahindra Bank remains the top Nifty gainer; up 8.7%
- Infosys is the top Nifty laggard; down 2.3%
- 836 stocks on the NSE trade with gains while 900 decline
More Foreign Inflows?
Earnings Reaction: M&M Financial Q2FY21
- Total income up 5% to Rs 3,071 crore
- Net profit up 34% to Rs 353 crore
- Gross NPA at 7.03% from 7.88% last year
- Net NPA at 4.68% from 6.44% last year
- Coverage Ratio including stage 1 & 2 provisions at 70.9%
- Stage 3 assets without reclassification at 7.53%
- Additional charge of Rs 433 crore due to management overlay to reflect deterioration in macro-economic outlook
- Cumulative management overlay provisions as on September 30 at Rs 1,484 crore
- Loan to likely to reduce in the near-term by 0.5-1% and increase thereafter post FY21
- Cost to income ratio for H1FY21 at 26.3% from 41.2% in H1FY20
- Numbers are compared on a year-on-year basis
Shares fell as much as 4.6% to Rs 124.9, post the results, down for the second straight day.
Buzzing Stock: Asian Paints
- Among top gainers on the Nifty 50 index
- Gains as much as 4.5% to Rs 2,174
- Biggest single-day gain in over a month
- Trading at an all-time high
- Today's volumes are 77% higher than its 20-day average
- One-month implied volatility at 31%
- Relative Strength Index (RSI) of the stock at 65.3
- Has gained over 52% from its 52-week low of Rs 1,431 on March 19, 2020
- 22 out of the 39 analysts tracking the stock have a buy recommendation; 7 sell calls
- The stock has crossed its 12-month consensus price target of Rs 2,103 in today's session
Earnings Reaction: Finolex Industries Q2FY21
- Revenue up 1.6% to Rs 585.8 crore
- Net profit up 16.6% to Rs 119.7 crore
- Ebitda up 76.6% to Rs 144.8 crore
- Ebitda margin at 24.7% from 14.2%
- PVC Resin volume growth of 15% to 47,630 MT
- Business has witnessed recovery in Q2 with near normal operating conditions
- Better realisations, lower costs and higher volumes in PVR Resin segment aid operational performance
- Pipe and Fittings volume decline 9.2% to 43,618 MT
- All numbers are standalone and compared on a year-on-year basis
Shares gained as much as 8.7% - the biggest single-day gain in four months to Rs 579. The stock is up for the fourth straight day.
Buzzing Stock: Subros
- Among top performers on the BSE Smallcap index
- Gains as much as 7.2% to Rs 283.7
- Biggest single-day gain in a month
- Trades at the highest level in over eight months
- Up for the third straight day
- Has gained in seven out of the last eight trading sessions
- Up 17% in the last three trading sessions
- Today's volumes are six times its 20-day average
- Breakout above 50-Day Moving Average of 246 during Friday's trading session
- Stock heading towards overbought territory with Relative Strength Index (RSI) at 69.5
- Trading close to its 52-week high of Rs 299.5 on January 2, 2020
- Six out of the seven analysts tracking the stock have a buy recommendation; 1 sell call
- Return potential of the stock as per Bloomberg data is 1%
Stock Reaction: CSB Bank
The Fairfax-backed private lender announced that it has entered into a partnership with IIFL Finance for sourcing and managing retail gold loan assets.
IIFL will act as the Business Correspondent of the bank and will source new business from markets where CSB Bank does not have adequate branch network, the statement said. The arrangement will lead to scaling up of the customer base.
“This is a win-win partnership, which combines the strengths of the Bank’s balance sheet and NBFC’s last mile connect with the customers," Nirmal Jain, Chairman of IIFL Finance was quoted as saying.
Shares of CSB Bank are currently trading 1.7% lower at Rs 226.2, down for the second straight day.
Shares of IIFL Finance are trading 0.6% higher at Rs 78.65, up for the third straight day.
Indian Stocks As Election Hedge?
Indian stocks can be a good hedge in the portfolios, ahead of the U.S. presidential elections, according to UBS Group's wealth-management arm and State Street Global Markets.
The two are among the firms recommending Indian shares even beyond the November 3 vote, as they expect the market to remain relatively insulated from the election outcome and tensions between the U.S. and China.
Easing coronavirus infection rates and economic reopening are further strengthening the case for a market that’s trading near record valuations. Foreign investors have pumped $2.3 billion into Indian stocks in October, trouncing flows to other emerging Asian markets excluding China.
For Adrian Zuercher, head of global asset allocation at UBS’ wealth-management arm, India is “mainly an earnings story” as a fall in input prices has aided corporate profits and margins are more resilient than expected.
Bloomberg
I.T. Index Underperforms
Buzzing Stock: IPCA Laboratories
- Top gainer on the Nifty Midcap index
- Gains as much as 8.5% to Rs 2,304
- Biggest single-day gain in two months
- Trading at a record high
- Has gained in four out of the last five trading sessions
- Today's volumes are 11 times its 20-day average
- Takes support and rebounds from its 50-Day Moving Average at 2,086
- Relative Strength Index (RSI) of the stock at 65.5
- Has more than doubled from its 52-week low of Rs 957.4 on October 29, 2019
- 17 out of the 23 analysts tracking the stock have a buy recommendation; 1 sell call
- The stock crossed its 12-month consensus price target of Rs 2,181 in today's session
Earnings Reaction: Torrent Pharma Q2FY21
- Revenue flat at Rs 2,017 crore
- Net profit up 27% to Rs 310 crore
- Ebitda up 17.4% to Rs 635 crore
- Ebitda margin at 31.5% from 27%
- Lower other expenses contribute to profit, margin improvement
- India revenue up 7% to Rs 963 crore
- U.S. revenue down 14% to Rs 327 crore
- Brazil revenue down 18% to Rs 129 crore
- Germany revenue up 4% to Rs 261 crore
- All numbers are consolidated and compared on a year-on-year basis
Brokerage firm Credit Suisse downgraded the stock to underperform from neutral, post its earnings, citing expensive valuations. It has raised its price target to Rs 2,280 from Rs 1,925.
Shares fell as much as 4% to Rs 2,551, down to the lowest level in three months. It is among the worst performing stocks on the Nifty 500 index.
Markets At 10:10 A.M.
- Benchmark indices fluctuate between gains and losses
- Nifty up 0.3% at 11,801
- Sensex up 0.2% at 40,232
- Nifty Bnak up 0.7% at 24,249
- Nifty Midcap index up 0.2%
- Nifty Smallcap index down 0.4%
- India Volatility Index up 0.8% to 23
- Nifty PSU Bank and Nifty Realty are the top sectoral laggards; down 1.2% each
- Nifty FMCG is the top sectoral gainer; up 0.85%
- Other sectoral indices trade flat
- Kotak Mahindra Bank is the top Nifty gainer; up 8.5%
- Adani Ports & SEZ is the top Nifty laggard; down 2.9%
- 730 stocks on the NSE trade with gains while 941 decline
Money Market Update
The rupee has opened lower for the third straight day, after falling the most in a month on Monday.
The currency opened at 73.94 against the U.S. Dollar, as compared to Monday's close of 73.85. It was the second worst performer in Asia on Monday. Monday's losses took the rupee to its lowest level in a month.
Barclays in a note said that the Reserve Bank of India has eased its grip over the currency as it grapples with the 'impossible trinity' of managing monetary policy independence, while allowing a steady flow of foreign capital and keeping a stable currency.
Within the bond markets, 15 Indian states including Uttar Pradesh and Haryana plan to sell bonds worth Rs 16,700 crore in today's session.
Earnings Reaction: Angel Broking Q2FY21
- Revenue up 80.4% to Rs 309.9 crore
- Net profit up 3.9 times to Rs 74.5 crore
- Ebitda up 3 times to Rs 110.5 crore
- Ebitda margin at 35.7% from 21.7%
- Declares dividend of Rs 4.15 per share
- Added 5,49,802 new clients in the current quarter
- All numbers are consolidated and compared on a year-on-year basis
Shares gained as much as 16.5% to Rs 290 and are up for the third straight day. The stock is trading above its listing price of Rs 275 per share.
Coronavirus India Updates
- Lowest new cases since July 18
- Active cases declined for the 24th straight day
- 36,470 new cases reported in the last 24 hours
- Total confirmed cases now at 79,46,429
- Active cases at 6,25,857
- Patients cured / discharged / migrated at 72,01,070
- Death toll rises to 1,19,502
- 488 deaths reported in the last 24 hours
- 63,842 patients recovered in the last 24 hours
Brokerage Reaction: Kotak Mahindra Bank
Shares of the private lender are surging in today's session after most brokerages raised price targets on the stock post its second quarter results.
Brokerages On Kotak Mahindra Bank:
- Morgan Stanley: Overweight rating maintained; price target raised to Rs 1,650 from Rs 1,475
- Goldman Sachs: Buy rating maintained; price target raised to Rs 1,748 from Rs 1,536
- Macquarie: Neutral rating maintained; price target raised to Rs 1,435 from Rs 1,228
- BNP Paribas: Buy rating maintained; price target raised to Rs 1,716 from Rs 1,635
Out of the 46 analysts tracking the stock, 33 have a buy recommendation, nine have a hold while the rest recommend a sell.
Brokerage firm Motilal Oswal sees inflows of $693 million into the stock, post the MSCI rebalancing.
Shares gained as much as 6.5% - the most in nearly five months to Rs 1,509. The stock is trading at the highest level in over seven months. It is also the top gainer on the Nifty 50 index.
Stock Reaction: NTPC
The company informed the exchanges on Monday that its board will consider a proposal for buyback of equity shares on November 2, becoming the second state-run company to consider a buyback proposal.
Early last week, KIOCL, in which the government holds a 99% stake had announced a buyback of shares at a 18% discount to its previous closing price.
Based on the latest shareholding pattern, the government holds 51% stake in NTPC.
Bloomberg News had reported earlier last week that the government may ask eight companies, including Coal India, NMDC, MOIL to buyback shares in order to boost its divestment receipts.
Shares gained as much as 3.8% to Rs 89.25. It is among the top gainers on the Nifty 50 index.
Opening Bell: Resiliant Amid The Fall
Indian equity markets have opened little changed despite global cues being on the negative end of the curve.
The S&P BSE Sensex opened 0.1% higher at 40,199 while the NSE Nifty 50 index opened above the mark of 11,800 - gaining 0.33% at 11,807. Both benchmark indices gave up all of last week's gains courtesy Monday's fall of over 1%.
Among the sectoral indices, the Nifty Bank index has opened with gains of 0.9%. Most of the other indices have opened flat. The Nifty Auto index is up 0.4%.
Broader markets are flat at the start of trading. The Midcap index is up 0.1% while the Smallcap index is unchanged.
Current Market Update
Trading Ideas For The Day
- Nifty: Sell 11,950 Call of October 29 Expiry in the range of Rs 35-37. Target of Rs 21-11 and stop loss of Rs 51.
- Nifty Bank: Sell in the range of 24,300-24,500 for target of 24,000-23,800 and stop loss of 24,500.
- Buy L&T October futures for target of Rs 969 and Rs 993.4 with a stop loss of Rs 936.1
- Sell Hindalco October futures for target of Rs 170.2 and Rs 167 with a stop loss of Rs 174.3
- L&T and Hindalco are intraday recommendations
Source: ICICI Direct
How Did The Fund Flows Fare On Monday
Key Stocks In Focus
- NTPC: To consider proposal for share buyback on November 2. SEBI had granted certain exemptions to the company for proceeding with the share buyback on October 23. The government holds 51% stake in the company, as per the latest shareholding pattern.
- Aurobindo Pharma: Novartis has filed a complaint in the Federal Court in Wilmington, Delaware against the company, stating that Aurobindo's proposed generic version of a treatment for dry eye infringes 15 patents for Xiidra, which Novartis acquired in 2019 for $3.4 billion. Novartis has sought a court order blocking copies until the patients expire.
- IDBI Bank: To consider raising funds via Qualified Institutional Placement on October 29.
- Great Eastern Shipping: Board approved raising Rs 150 crore via NCDs.
- NCL Industries: Cement production up 65% in the September quarter to 6.14 lakh MT. Cement dispatches up 68% to 6.16 lakh MT. Cement boards production down 50% to 9,216 MT while Cement boards dispatches down 9% to 13,748 MT. Numbers compared on a year-on-year basis.
- Coforge: Promoter Hulst BV sold 38 lakh shares or 6.27% stake at Rs 2,310.56 per share.
- Nifty Earnings Today: Bharti Airtel, Tata Motors
- Non-Nifty Earnings Today: Amara Raja Batteries, Castrol India, CEAT, ICICI Prudential, JM Financial, Nippon Life India AMC, Suven Life, SKF India
To know more about earnings reported after market hours, brokerage updates and F&O cues, click here.
Your Trade Setup For The Day
A Check On Indian ADRs
Getting Ready For Today's Trade
Good Morning!
Indian equity markets gave up all of last week's gains in a single session on Monday. The selloff was led by Reliance Industries Ltd., which saw its biggest single-day drop in five months, auto and metal stocks.
Futures are pointing to a steady start to today's session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.4% to 11,819 as of 7:45 a.m. on Tuesday.
Cues across the world, however, are negative. Benchmark indices in the U.S. ended lower overnight and Asian markets, too, are declining in early trade.
Two Nifty companies — Bharti Airtel and Tata Motors — will report their quarterly results today. Some important broader market firms announcing results are Amara Raja Batteries, Castrol, CEAT, ICICI Prudential, Nippon Life India AMC and Suven Life Sciences.
Stocks across the Asia Pacific are declining. But the losses are modest compared to those seen on Wall Street.
Futures on the Dow Jones are trading 30 points higher. The index ended 2.3% lower on Monday. The S&P 500 fell the most in a month.
West Texas Intermediate crude rose 0.2% to $38.63 per barrel, while gold is trading at $1,907.9/Oz, up 0.3%.
Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.
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