Showing posts with label Trading Tips Provider. Show all posts
Showing posts with label Trading Tips Provider. Show all posts

Thursday 28 August 2014

COMMODITY MARKET STRATEGY 28 August 2014


BASE METAL WRAP: Copper traded near the lowest in almost a week after China reported industrial profit growth slowed and before economic expansion data today from the U.S.

ENERGY WRAP: Gasoline fell after a government report showed U.S. output rose before the Labor Day holiday that marks the end of the country’s peak-demand driving season. West Texas Intermediate crude settled little changed.

PRECIOUS METAL WRAP: Gold futures dropped for the second time in three days on signs of waning investor demand for the metal as an alternative asset.
                                             
GLOBAL EVENTS TO WATCH: Private Capital Expenditure q/q, German Prelim CPI m/m, Prelim GDP q/q, Unemployment Claims, Prelim GDP Price Index q/q, Pending Home Sales m/m, Natural Gas Storage.


Thursday 21 August 2014

TOP CORPORATE NEWS 21 AUGUST 2014


·        Axis Bank board approves fund raising via private placement

Shares Axis Bank rose over 2%, after the bank's board approved raising funds through private placement.

·        Kotak Mahindra Bank promoter sells equity shares

Kotak Mahindra Bank has announced that Kotak Trustee Company Pvt Ltd, a promoter group entity of Kotak Mahindra Bank Ltd, has on August 21, 2014 sold 16,00,000 shares of the Bank.

·        Dr Reddys under check for packaging violations

Dr Reddys Laboratories has come under the eye of Department of Justice of USA for alleged violations of some provisions of Consumer Product Safety Act. The company has rejected the Consumer Product Safety Commissions (CPSC) allegations in the matter.

·        Titan Company surges after Morgan Stanley upgrades

Shares of Titan Company rose over 6%, after Morgan Stanley upgrades the watches and jewellery maker to ' Overweight' from 'Equal-weight'.

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