– Indian markets are expected to see extreme volatility today due to expiry of this month future and option series. INR has gained against the USD; MCX Gold is expected to fall today. COMEX Gold has come down and is expected to hit the 1270-1272 level. DoT (Dept. Of telecom) has decided to auction 2100 MHz band for auction and kept the base price at 3705 Cr. Telecom companies are in focus. Markets are expected to rebound in the second half of the trading in order to minimize losses. Shares of companies engaged in mining of manganese, iron ore, copper and bauxite and shares of companies in the cement, Steel sectors and Aluminium which are the user industries of these minerals, will be in mainly focus after Union Minister of Mines and Steel Narendra Singh Tomar reviewed the progress of actions under the newly passed Mines and Minerals (Regulation and Development) (Amendment) Ordinance, 2015 (MMDR Ordinance 2015).
– COMEX Crude is expected to go further down. MCX could also follow the international trend if INR stays where it is as of now and do not get weak.