Showing posts with label intraday tips. Show all posts
TOP CORPORATE NEWS 04 Septmber 2014
By : Simran Shah
·
JP Associates drops on Stake Sale
Jaiprakash
Associates drop over 19%, after Jaypee Infra Ventures sold 1,34,89,693 shares
of Jaiprakash Associates at Rs46.33 on the NSE.
·
DLF falls 9%, Haryana govt cancels
350-acre land allotment
DLF tumbled
9 percent as worried investors are offloading the stock after the Haryana
government cancelled the 350-acre land allotment made to the company in 2010.
·
PNB undertakes Rs500 crore fund
raising
PNB announced that the
Bank is raising Rs. 500 crore Tier-II Basel III compliant Bonds at an annual
coupon of 9.35% on Private placement basis from 04 September 2014 to 09
September 2014 through five arrangers.
·
TVS Motor gains after BofAML ups
target to Rs 235
Shares of
TVS Motor were up 5% following a buy rating on the stock by global brokerage
BofA Merrill Lynch because of strong business prospects and at current levels
valuations are attractive to its peers.
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).
