Monday 20 January 2014

INDIAN COMMODITY MARKET OUTLOOK- 21 JANUARY 2014

INDIAN BENCHMARKS opened marginally higher tracking their peers in Asia. Few results like Colgate Palmolive, Ashok Leyland, Tata Coffee results will be in focus today. Reliance Industries Ltd is planning to start production of natural gas from coal seams, called coal-bed methane in Madhya Pradesh from 2015-16.

FURTHER, NTPC appears determined not to clear dues of Rs20bn to the Coal India without third-party sampling of coal, indicating a protracted tussle ahead over the quality of coal that had led to a stand-off between the two companies for much of last year. Asian Paints fell after consolidated net profit fell 1.75% to Rs 329.35 crore on 13.03% rise in total income to Rs 3481.99 crore in Q3 December 2013 over Q3 December 2012.

Trend in FII flows: The FIIs were net buyers of Rs.384cr in the cash segment on Monday while the domestic institutional investors (DIIs) were net sellers of Rs. 310cr, as per the provisional figures released by the NSE.


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