Wednesday 20 August 2014

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Tuesday 19 August 2014

COMMODITY MARKET STRATEGY 20 AUGUST 2014

BASE METAL WRAP: Aluminium and zinc rose in London as a jump in home building fueled speculation that demand will accelerate in the U.S., the world’s second-biggest consumer of industrial metals.
ENERGY WRAP: West Texas Intermediate swung between gains and losses amid speculation that crude and fuel inventories fell in the U.S., the world’s biggest oil consumer. Brent was steady in London.
PRECIOUS METAL WRAP: Gold held below $1,300 an ounce after retreating for three days on signs that the U.S. recovery is gathering momentum without generating higher consumer prices. Platinum traded near a two-month low.
GLOBAL EVENTS TO WATCH: RBA Gov Stevens Speaks, Trade Balance, All Industries Activity m/m, MPC Asset Purchase Facility Votes, MPC Official Bank Rate Votes, Wholesale Sales m/m, Crude Oil Inventories, FOMC Meeting Minutes.

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INDIAN BENCHMARK open flat after a day of closing at a fresh record high.

INDIAN BENCHMARK open flat after a day of closing at a fresh record high. Shares of Eros International Media touched 33-month high of Rs 249.80, up as much as 9.6 percent after the company's on-demand entertainment portal ErosNow has acquired the worldwide rights of popular Zee TV shows.

FURTHER, Just Dial rose over 3%, after the company's board approved increasing the shareholding limit of foreign institutional investors in the company to 75% from 49% . Glenmark Pharmaceuticals announced the discovery and initiation of IND enabling studies of a novel clinical development candidate, GBR 1302, a HER2xCD3 bispecific antibody.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Tuesday while the DIIs were net sellers of Rs. 262cr, as per the provisional figures released by the NSE.
                                                                                                          
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Monday 18 August 2014

COMMODITY MARKET STRATEGY 19 AUGUST 2014


BASE METAL WRAP: Copper in London traded near the highest price in almost a week after data showed confidence among U.S. homebuilders reached the most in seven months and as investors look ahead to Chinese manufacturing data.

ENERGY WRAP: West Texas Intermediate rose for the second time in three days before supply data that may signal the strength of fuel demand in the U.S., the world’s biggest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: Gold held below $1,300 an ounce after two days of losses on optimism that the U.S. recovery is gaining traction while tensions ease in Ukraine and the Middle East. Palladium traded near a 13-year high and platinum rose.

GLOBAL EVENTS TO WATCH: Monetary Policy Meeting Minutes, CPI y/y, Building Permits, CPI m/m, Core CPI m/m, Housing Starts.


                                                                                                                                                                       
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INDIAN BENCHMARK open higher with the Nifty rising above 7900


INDIAN BENCHMARK open higher with the Nifty rising above 7900 level supported by positive global cues, and capital goods, oil & gas, banks and metals stocks.

FURTHER, Aurobindo Pharma will be expanding the capacity of its active pharmaceutical ingredients ( APIs) unit (unit-11) in Vizag this fiscal. Indian Oil Corp is reportedly planning to raise processing of cheaper crude oil varieties to 30% by 2017-18.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Monday while the DIIs were net buyers of Rs. 490cr, as per the provisional figures released by the NSE.
                                                                                                                                                                       
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