Showing posts with label Agri product trade. Show all posts
COMMODITY MARKET STRATEGY 13 AUGUST 2014
BASE METAL WRAP:
Indonesia’s ban on nickel ore exports is resonating globally as prices
climb to the highest since 2012, prompting companies from Avebury Nickel Mines
Ltd. to Poseidon Nickel Ltd. to restart operations at idled mines.
ENERGY WRAP: West Texas
Intermediate fell for a second day after an industry report showed crude and
gasoline supplies expanded in the U.S., the world’s biggest oil user. Brent
dropped in London.
PRECIOUS METAL WRAP: Gold traded below a
three-week high as investors weighed the prospects for renewed fighting in Gaza
and simmering tension between Ukraine and Russia against the outlook for the
U.S. economy and a stronger dollar. Gold imports by India, the world’s biggest
consumer after China, will probably decline for a third year as the government
keeps curbs on shipments to prevent the current-account deficit from widening
and to support the rupee.
GLOBAL EVENTS TO WATCH: Prelim GDP q/q, New
Loans, M2 Money Supply y/y, Industrial Production y/y, Fixed Asset Investment
ytd/y, Retail Sales y/y, Average Earnings Index 3m/y, Claimant Count Change, BOE
Gov Carney Speaks, BOE Inflation Report, Core Retail Sales m/m, Retail Sales
m/m , FOMC Member Dudley Speaks, Business Inventories m/m, Crude Oil
Inventories, 10-y Bond Auction.
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INDIAN BENCHMARK record highs after Cabinet approval
INDIAN BENCHMARK record highs after
Cabinet approval for a higher foreign direct investment limit in insurance and
a rejig in foreign debt limits reinforced optimism about the government's
reform agenda.
FURTHER, SKS
Microfinance reported a flat net profit at Rs 49.3 crore in the April-June
quarter over the year-ago period. The company had reported a net profit of Rs
49.69 crore during the same period last year. Tata Steel raised USD 1.5 billion
(about Rs 9,000 crore) in a dual tranche bond sale in the international market,
making it the largest such deal by the Tata group firm.
Trend in FII flows: The FIIs
were net buyers of Rs 192cr in the cash segment on Thursday while the DIIs
were net seller of Rs. 290cr, as per the provisional figures released by
the NSE.
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INDIAN EQUITY MARKET STRATEGY-09 JULY 2014
INDIAN BENCHMARK have erased early
gains and are trading lower weighed down by financials, capital goods and auto
shares. The Economic Survey will be released today by the Finance Ministry at
12 pm.
FURTHER, IDFC fell 0.51% after the
company reduced the foreign investors investment limit by 0.75% to 51.50%. Shares
of Reliance Infrastructure Ltd was down 2% on reports that Telangana government
entity has approved a restructuring plan by consultancy firm EY for a project
that includes a 100-storey trade tower in Hyderabad.
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. 399cr, as per the provisional figures
released by the NSE.
