Showing posts with label forex market. Show all posts
INDIAN BENCHMARKS ended flat ,late recovery.
INDIAN EQUITY BENCHMARKS end flat amid choppy trading
session as investors turned cautious on lower industrial growth and rising CPI
in July. Heavy selling led the Indian stock markets to slip in to the negative
territory during the day.
·
Further, Jaiprakash Associates fell
9.16%, after the company posted a net loss of Rs80.61 crore in Q1 June 2014
compared with net profit Rs334.51 crore in Q1 June 2013.
·
Bank of Baroda fell 3.73%, after the
central bank restricted foreign institutional investors from buying additional
shares in the bank as their shareholding has reached the limit.
The crucial resistance for Nifty is now seen at 7760
and above this 7790. Support for the immediate term is now placed at
7695 and next support will be 7655.
We give the calls with well tested SMS system which delivers the calls to you instantly so that you get enough time to enter the trade and achieve all the targets given in the call.
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COMMODITY MARKET STRATEGY 05 AUGUST 2014
BASE METAL WRAP:
Copper rose on Monday as a rally in China's stock markets indicated
improving prospects for demand in the world's largest consumer of the
industrial metal, although growing global supplies kept investors cautious.
ENERGY WRAP: West Texas
Intermediate crude traded near the highest price in three days before supply
data that will signal the strength of fuel demand in the U.S., the world’s
biggest oil consumer. Brent in London was steady.
PRECIOUS METAL WRAP: Gold held below $1,300
an ounce as Portugal’s bailout of Banco Espirito Santo SA reduced concern the
lender’s crisis may spread and tension in Gaza eased, damping demand for a
haven. Silver rose from a six-week low.
GLOBAL EVENTS TO WATCH: Trade Balance, HSBC Services PMI, Cash Rate,
RBA Rate Statement, Services PMI, Final Services PMI, ISM Non-Manufacturing
PMI, Factory Orders m/m, IBD/TIPP Economic Optimism.
Sensex hovers around 25,600; auto stocks gain
Rate sensitives gain ahead of RBI's policy review tomorrow
Markets were
firm in early noon trades supported by gains in interest sensitives
ahead of RBI's policy review tomorrow. At 1205 hrs, the Sensex was up 132 points at 25,613 and the Nifty gained 50 points to trade at 7,652.
In the broader market, the smallcap index outperformed the BSE benchmark with gains of 1%. Meanwhile, the midcap index was up 0.6%.
The rupee is trading at 60.90/91 versus Friday's close of 61.18/19, tracking losses in the dollar compared with most other Asian currencies. The pair is seen in 60.80 to 61.20 range during the session.
In the broader market, the smallcap index outperformed the BSE benchmark with gains of 1%. Meanwhile, the midcap index was up 0.6%.
The rupee is trading at 60.90/91 versus Friday's close of 61.18/19, tracking losses in the dollar compared with most other Asian currencies. The pair is seen in 60.80 to 61.20 range during the session.
Sectors & Stocks
Health Care index down 0.2% was the only sectoral index in red.
Consumer Durables, Auto, IT indices were up 1-2.5%.
Banking index up 0.5% have come off day highs.
HDFC twins, Sun Pharma, Coal India, Bharti Airtel and Cipla down 0.8-1.7% were the losers among Sensex-30.
Consumer Durables, Auto, IT indices were up 1-2.5%.
Banking index up 0.5% have come off day highs.
HDFC twins, Sun Pharma, Coal India, Bharti Airtel and Cipla down 0.8-1.7% were the losers among Sensex-30.
