Showing posts with label future market. Show all posts
INDIAN BENCHMARKS end at Record High… Nifty closes above 8100
By : Simran Shah
INDIAN EQUITY BENCHMARKS record
high as software exporters such as Infosys rallied after strong US
manufacturing and construction data, while continued foreign buying and falling
oil prices also helped.
·
Bharti Airtel was up 3% after the
company said its arm signed an agreement to acquire over 2.7 million
subscribers of yuMobile.
·
Further, Shares of Tata Motors gained
nearly 3%, after a slew of rating upgrades. Morgan Stanley upgrades the stock
to Overweight from Equal-weight.
The crucial resistance for Nifty is now seen at 8140
and above this 8165. Support for the immediate term is now placed at
8090 and next support will be 8040.
COMMODITY MARKET STRATEGY 01 SEPTEMBER 2014
By : Simran Shah
BASE METAL WRAP: COPPER futures ended
higher on Friday while aluminium closed at an 18-month high as upbeat US
economic data fanned hopes of stronger demand for industrial metals.
ENERGY WRAP: West Texas
Intermediate crude capped the first weekly gain in more than a month on
speculation an improving U.S. economy will boost fuel demand.
PRECIOUS METAL WRAP: Hedge funds cut their
bullish gold bets for the fourth week in five, sending holdings to a two-month
low, U.S. government data show. Open interest in New York futures is the
smallest in five years, and assets in global exchange-traded products backed by
the metal in August posted the biggest monthly drop since May.
GLOBAL EVENTS TO WATCH: Manufacturing PMI,
HSBC Final Manufacturing PMI, Manufacturing PMI.
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INDIAN BENCHMARK open to record high, big boost
By : Simran Shah
INDIAN BENCHMARK
open to record high, big boost comes from GDP numbers
which were out on Friday. GDP grew fastest in over two years at 5.7% in the
first quarter of FY15. The Supreme Court will today decide what to do with
captive coal blocks, having deemed more than 200 allocations made since 1993 to
be illegal.
FURTHER, Wockhardt Ltd has received
Qualified Infectious Disease Product status from the US FDA for two of its
drugs, WCK 771 and WCK 2349. Reliance Industries reportedly said it has returned
nearly 1,384 acres of land in Gurgaon that was acquired for its SEZ.
Trend in FII flows: The FIIs
were net buyers of Rs 192cr in the cash segment on Thursday while the DIIs
were net sellers of Rs. 730cr, as per the provisional figures released by
the NSE.
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We provide the tips in equity market
both in cash and future market, the tips are given on the basis of technical
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