GLOBAL MARKETS ROUNDUP
Asian shares got off to a rocky start on Friday after a sharp drop on Wall Street curbed enthusiasm for the dollar even after it touched multi-year highs in the previous session.

Nifty continued its downward move on Thursday; it broke below the 7950 support zone. The Bank Nifty led the index lower. The next support zone on the Nifty is around 7850 levels.

LOCAL MARKETS PREVIOUS CLOSE
• BSE index 26,468.36 (down 1.03 pct)
• NSE index 7,911.85 (down 1.13 pct)
• Rupee 61.34/35 per dlr (60.96/97)
• 10-year bond yield 8.49 pct (8.48 pct)
• 5-year OIS rate 7.85 pct (7.84 pct)
• 1-year OIS rate 8.40 pct (8.40 pct)
• Call money 7.95/8.00 pct (8.00/8.05 pct)

COMMODITY NEWS
Gold prices are expected to have intraday support at $1220 i.e. Rs.26800-26850 and buying can be seen there. Prices on higher side can test $1230 i.e. Rs.27100 and again selling can be seen there. Prices should not fall below $1215 i.e. Rs.26700 to maintain the positive outlook.

Silver December prices are expected to intraday resistance at Rs.39600-Rs.39700 and selling can be seen there. Prices are expected to remain weak till it trades below Rs.40100. On lower side prices can test Rs.39100 and Rs. 38900. Day close below Rs.38500 will prices sharply lower towards Rs.37000..

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