Showing posts with label Nifty Tips. Show all posts
TOP CORPORATE NEWS 03 SEPTEMBER 2014
By : Simran Shah
·
Suven Life at new high, up 5%,
gets patents in 3 countries
Investors
lapped up shares of Suven Life Sciences after the drug maker received product
patents from South Korea, China and Canada.
·
Tata Power's arm redeems US$ 450
mn Fixed To Floating Rate Subordinated Notes
Tata Power’s
arm Bhira Investments Limited, has redeemed US$ 450 Mn. Fixed to Floating Rate
Subordinated Notes on September 02, 2014, as per the notice for early
redemption to the Trustee dated July 31, 2014.
·
Tata Motors stock up 2% on
receiving order
Shares of Tata Motors
was up 2% after company received an order from KSRTC (Karnataka State Road
Transport Corporation) to supply 487 nos. and another for 780 nos. from HRTC
(Himachal Road Transport Corporation) for Tata Marcopolo built buses as per
Urban Bus Specifications under JNNURM II scheme.
·
Eros Intl announces Partnership
with Home Cable Network
Eros
International Media announced the launch of a partnership between Home Cable
Network and online entertainment service provider Eros Now.
COMMODITY MARKET STRATEGY 03 SEPTEMBER 2014
By : Simran Shah
BASE METAL WRAP: Copper advanced in
London as U.S. manufacturing expanded at the quickest clip in three years and
construction spending rebounded, signaling increased demand.
ENERGY WRAP: Natural gas prices
dropped on Tuesday after weather forecasting models called for falling
temperatures across the U.S., which should cut into the need for air
conditioning and thus reduce demand for the commodity at the nation's thermal
power plants. Oil prices dropped on
Tuesday due to mounting concerns that global supply is far outreaching demand,
while a stronger U.S. dollar also bruised the commodity.
PRECIOUS METAL WRAP: Gold futures extended
losses on Tuesday, slumping to more than two month lows as the broadly stronger
dollar dampened investor demand for the precious metal.
GLOBAL EVENTS TO WATCH: Non-Manufacturing
PMI(CNY), GDP q/q(AUD), HSBC Services PMI(CNY), RBA Gov Stevens Speaks(AUD),
Services PMI(GBP), BOC Rate Statement(CAD), Overnight Rate(CAD), Factory Orders
m/m(USD), Total Vehicle Sales(USD), Beige Book(USD).
COMMODITY MARKET STRATEGY 02 SEPTEMBER 2014
By : Simran Shah
BASE METAL WRAP: Aluminium led most
industrial metals higher as worse-than-expected manufacturing data in China and
the euro area increased speculation of more economic stimulus. Copper fell in
London on signs that factory demand will slow in China, the world’s largest
consumer of the industrial metal.
ENERGY WRAP: West Texas Intermediate
crude fell amid speculation that weakening manufacturing from Germany to China
will cap demand for oil. Brent was steady in London.
PRECIOUS METAL WRAP: Gold extended a
declined from a one-week high, retreating for a third day, as investors weighed
the health of the global economy against tension between Ukraine and Russia.
GLOBAL EVENTS TO WATCH: Building Approvals
m/m(AUD), Cash Rate(AUD), RBA Rate Statement(AUD), Construction PMI(GBP), Final
Manufacturing PMI(USD), ISM Manufacturing PMI(USD), Construction Spending
m/m(USD), IBD/TIPP Economic Optimism(USD), ISM Manufacturing Prices(USD).
