Telecom Stocks Lead the Losses.

Indian Indices are presently trading on a positive note. Sectoral indices are trading on a mixed note with stocks from the metal and energy sectors leading the gains. Telecom stocks are however trading in the red.

The BSE-Sensex is trading up 29 points (up 0.1%) and the NSE-Nifty is trading up 14 points (up 0.2%). The BSE Mid Cap index is trading up 0.4% while the BSE Small Cap index is trading up by 0.3%. Gold prices, per 10 grams, are trading at Rs 25,210 levels. Silver price, per kilogram is trading at Rs 33,650 levels. The rupee is trading at 66.54 to the US$.

Automobile stocks are trading on a negative note with Eicher Motors and Escorts bearing the maximum brunt. As per a leading financial daily, Maruti Suzuki has reported 9.7% YoY rise in its total sales volumes during the month of November. It recorded a sales of 1,20,824 units during the month as against 1,10,147 units in the same period last year.

The company stated that its domestic sales increased by 10.6% during the month to 1,10,599 units. Sales of mini segment cars, including Alto and WagonR, declined by 4.7% to 35,981 units. Sales of the compact car segment comprising Swift, Estilo, Ritz, Dzire and recently launched Baleno increased by 19.5% to 44,626 units during the period. Furthermore, sales of utility vehicles, including Gypsy, Grand Vitara, Ertiga and S-Cross rose by 57.5% at 8,688 units.

Maruti Suzuki is India's largest passenger car company. It accounts for over 50% of the domestic car market. Presently its stock is trading down by 0.2%.

Stocks in the consumer products segment are trading mixed with Hindustan Unilever and Lakshmi Overseas Industries leading the gains. Pidilite Industries has acquired 'Chemifix' trademark and other brands associated with PVAC adhesives business from Sri-Lanka based CIC Holdings PLC. Moreover, Pidilite Lanka Pvt Ltd (PLPL), a step down subsidiary of the company has also acquired the commercial and technical knowhow relating to PVAC Adhesive business from CIC holdings.

Pidilite International Pte Ltd and Pidilite Middle East, wholly owned subsidiaries of the company, hold 76% of the paid up capital in PLPL. CIC Holdings PLC is a large conglomerate in Sri Lanka and in involved in many segments in Sri Lanka such as chemicals, fertilizers, pharmaceuticals, agri chemical, food products etc.

Pidilite is the market leader in adhesives and sealants, construction chemicals, hobby colours and polymer emulsions in India. Its adhesives brand Fevicol is the largest selling adhesives brand in Asia. The company, in its results for quarter ending September 2015 has reported 38% YoY increase in its consolidated net profit. Total income during the period grew 5% on a YoY basis.

Presently the stock of Pidilite Industries is trading down by nearly 0.4%.

Gold price rebounds from 4-month low, up Rs 175 at Rs 25,700 per 10 grams.

Snapping its three-day losing run, gold prices recovered from over a four-month low by surging Rs 175 to Rs 25,700 at the bullion market Tuesday, taking positive cues from global markets amid fresh buying by jewellers.

Silver followed suit and traded higher by Rs 200 at Rs 34,200 per kg on increased offtake by industrial units and coin makers.

Traders attributed recovery in precious metal prices to a firm trend overseas as investors awaited speech from Federal Reserve Chair Janet Yellen and the November jobs report later this week for more clues on when the central bank will raise rates.

Globally, gold climbed 0.9 percent to USD 1,074.76 an ounce in Singapore. On Friday, the metal had dropped to USD 1,052.83, its lowest level since February 2010.

At London, gold recovered 0.52 percent to trade at USD 1,070 an ounce in early trade today.

Besides, emergence of buying by jewellers and retailers to meet ongoing wedding season demand supported the upside, they said.

In the national capital, gold of 99.9 and 99.5 percent purity climbed Rs 175 each to Rs 25,700 and Rs 25,550 per ten grams, respectively. The precious metal had lost Rs 295 in the previous three days.

The sovereign, however, remained steady at Rs 22,200 per piece of eight gram in limited deals.

In a similar fashion, silver ready recovered by Rs 200 to Rs 34,200 per kg and weekly-based delivery by Rs 85 to Rs 33,665 per kg.

Meanwhile, the government yesterday slashed import tariff value on gold and silver to USD 344 per 10 grams and USD 461 per kg, respectively.

For the last fortnight, the tariff value on imported gold was fixed at USD 354 per 10 grams and on silver it was USD 470 per kg.

The import tariff value is the base price at which the customs duty is determined to prevent under-invoicing. It is usually revised on a fortnightly basis.

On the other hand, silver coins, continued to trade at previous level of Rs 48,000 for buying and Rs 49,000 for selling of 100 pieces.