Showing posts with label Best Commodity Trading Tips. 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 15 September 2014
By : Simran Shah
·
Yes Bank falls further, FIIs need
RBI nod to buy shares
Shares of
Yes Bank declined further to 4% after the Reserve Bank of India on Friday said
the foreign investors will need RBI's approval to buy additional equity in the
private sector lender.
·
LIC Housing to focus on high
yielding products
LIC Housing
Finance Ltd expects margins to improve led by reduction in its borrowings from
the banks and focus on high yielding loans like loan against properties.
·
RIL's $10 billion investment
depends on government approval
Reliance
Industries $10 billion investment in new fields off the east coast depends on
the government approving acceptable gas price, says its partner in KG D6 basin,
Niko Resources during its annual general meeting.
·
Mastek up 15%, to merge insurance
products & services biz
Shares of Mastek are
roaring with hefty gains after it announced demerger of the insurance products
and services business into a separate listed company.
INDIAN BENCHMARK open flat amid sluggish trades among major Asian markets.
By : Simran Shah
INDIAN BENCHMARK open flat amid sluggish trades among major Asian
markets. Further, power and metal stocks will be in focus as the Supreme Court
is scheduled today to announce its decision on coal block allocations.
FURTHER, Cipla will be in focus after
the company entered into a commercial collaboration with S&D Pharma in the
Czech Republic and Slovakia. Aditya Birla Chemicals Limited has acquired Jayshree
Chemicals Ltd's caustic soda business for 2.12 billion rupees.
Trend in FII flows: The FIIs
were net buyers of Rs 192cr in the cash segment on Monday while the DIIs
were net sellers of Rs. 508cr, as per the provisional figures released by
the NSE.
