Showing posts with label best Commodity Tips provider. Show all posts
COMMODITY MARKET STRATEGY 27 August 2014
By : Simran Shah
BASE METAL WRAP:
Aluminium traded near an 18-month high on speculation demand is rising
amid signs a recovery is gathering pace in the U.S. and before data forecast to
show the country’s economy expanded for the second quarter.
ENERGY WRAP: West Texas
Intermediate traded near a three-day high before a government report forecast
to show crude stockpiles dropped for a second week 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 as investors weighed a strengthening U.S. economy and dollar against
signs of easing tensions around the world.
GLOBAL EVENTS TO WATCH: Crude
Oil Inventories.
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MORNING MAIL TODAY open trading session on a positive note.
By : Simran Shah
INDIAN BENCHMARK open trading session on a positive note with Nifty
touching fresh record high despite mixed global cues.
FURTHER, Shares of Ranbaxy
Laboratories rose nearly 2%, on reports that UBS has maintained buy rating on
the stock with a target price of Rs784 per share. Adani Group
plans to sign a pact (MoU) with the Odisha government soon for setting up of a
2,500 Mw rejected coal based power plant in Angul district.
Trend in FII flows: The FIIs
were net buyers of Rs 192cr in the cash segment on Friday while the DIIs
were net sellers of Rs. 183cr, as per the provisional figures released by
the NSE.
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By : Simran Shah
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