Intraday Outlook

1. Bullion: Gold futures held near steady on Wednesday, cutting earlier gains as traders digested swings in currencies after the re-election of U.S. President Barack Obama. Gold had held a larger rise in electronic trading overnight after the election results, tracking a decline in the U.S. dollar. A second Obama term is widely expected to bring a continuation of easy money  policies in the world's largest economy. Those measures can increase investor demand for gold as an alternative to paper currencies. 
2. Energy:  Crude-oil futures fell on Wednesday after the re-election of President Barack Obama sent stock-market futures lower, as investors fear the coming political battle over U.S. budget cuts and tax increases will threaten the economic recovery. Oil prices, which were already down prior to the report's release, fell further after the statistics were released. 
3. Metals: Base metal futures on the MCX were trading lower tracking similar movement in benchmark contracts on the London Metal Exchange, Fall in stocks of metals at LME-monitored warehouses also supported sentiment in the market.