Showing posts with label Agri product trade. Show all posts
COMMODITY MARKET STRATEGY 17 OCT. 2014
By : Simran Shah
BASE METAL WRAP: Nickel climbed for the first time in four days, paring a sixth weekly decline, as some investors deemed this week’s drop to a seven-month low as excessive amid signs of an improving U.S. economy.
ENERGY WRAP: West Texas Intermediate crude rallied for a second day after trading below $80 a barrel for the first time since June 2012. Brent advanced in London.
PRECIOUS METAL WRAP: Gold traded below a five-week high, headed for the first back-to-back weekly increase since July, amid speculation signs of a global slowdown led by Europe may delay the onset of higher U.S. borrowing costs. Palladium rose.
GLOBAL EVENTS TO WATCH: Core CPI m/m, Building Permits, Fed Chair Yellen Speaks, Housing Starts, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations.
TOP CORPORATE NEWS 01 SEPTEMBER 2014
By : Simran Shah
• Maruti at new high, Aug sales ride on Celerio, Dzire, Ritz
Shares of Maruti Suzuki touched a new high, up 3 percent intraday on strong growth in August sales numbers boosted by compact cars segment. India's largest car maker sold 1,10,776 lakh units in August, up 27 percent compared to 87,323 units in same period last year and up 9 percent compared to 1.01 lakh units in previous month.
• IRB Infrastructure falls after Citi downgrade
Shares of IRB Infrastructure Developers Ltd fall after Citigroup downgraded the stock to sell from buy.
• M&M sold 35,175 units in August
M&M has announced that it has sold 35,175 units during August 2014, as against 37,897 units during August 2013. The company's domestic sales was at 3,145 units.
• TVS Motor Company August 2014 sales grows by 46%
TVS Motor Company recorded 46% growth in sales during the month of August 2014, with total sales increasing from 155,532 units recorded in the month of August 2013 to 227,482 units in the month of August 2014.
Shares of Maruti Suzuki touched a new high, up 3 percent intraday on strong growth in August sales numbers boosted by compact cars segment. India's largest car maker sold 1,10,776 lakh units in August, up 27 percent compared to 87,323 units in same period last year and up 9 percent compared to 1.01 lakh units in previous month.
• IRB Infrastructure falls after Citi downgrade
Shares of IRB Infrastructure Developers Ltd fall after Citigroup downgraded the stock to sell from buy.
• M&M sold 35,175 units in August
M&M has announced that it has sold 35,175 units during August 2014, as against 37,897 units during August 2013. The company's domestic sales was at 3,145 units.
• TVS Motor Company August 2014 sales grows by 46%
TVS Motor Company recorded 46% growth in sales during the month of August 2014, with total sales increasing from 155,532 units recorded in the month of August 2013 to 227,482 units in the month of August 2014.
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INDIAN BENCHMARKS mark record closing high ahead of F&O expiry
By : Simran Shah
INDIAN EQUITY BENCHMARKS ended
with gains for the second consecutive trading session ahead of the
F&O expiry tomorrow. Sentiment was on the positive side as the
ongoing geopolitical tension in Israel, which was a major cause for
concern seems to be finally ending as Hamas and Israel agreed to an
open-ended cease-fire.
• DLF fell 4.6 percent on Supreme Court order asking company to pay Rs 630 crore fine within three months.
• Further, HDFC Bank declined 0.7 percent on the matter related to increase in FII investment limit may not be taken up by Foreign Investment Promotion Board in its meeting scheduled on August 29.
The crucial resistance for Nifty is now seen at 7945 and above this 7970. Support for the immediate term is now placed at 7915 and next support will be 7860.
• DLF fell 4.6 percent on Supreme Court order asking company to pay Rs 630 crore fine within three months.
• Further, HDFC Bank declined 0.7 percent on the matter related to increase in FII investment limit may not be taken up by Foreign Investment Promotion Board in its meeting scheduled on August 29.
The crucial resistance for Nifty is now seen at 7945 and above this 7970. Support for the immediate term is now placed at 7915 and next support will be 7860.
