Showing posts with label stock trading tips. Show all posts
COMMODITY MARKET STRATEGY 28 August 2014
BASE METAL WRAP: Copper
traded near the lowest in almost a week after China reported industrial
profit growth slowed and before economic expansion data today from the
U.S.
ENERGY WRAP: Gasoline
fell after a government report showed U.S. output rose before the Labor
Day holiday that marks the end of the country’s peak-demand driving
season. West Texas Intermediate crude settled little changed.
PRECIOUS METAL WRAP:
Gold futures dropped for the second time in three days on signs of
waning investor demand for the metal as an alternative asset.
GLOBAL EVENTS TO WATCH:
Private Capital Expenditure q/q, German Prelim CPI m/m, Prelim GDP q/q,
Unemployment Claims, Prelim GDP Price Index q/q, Pending Home Sales
m/m, Natural Gas Storage.
TOP CORPORATE NEWS 26 August 2014
· ONGC slumps on reports of disinvestment
ONGC fell nearly 4%, on reports of disinvestment. Government has decided to disinvest 5% stake in the company via offer for sale mechanism. The procedure of disinvestment is expected to be completed by the end of the month of September.
· Havells India rises after stock split
Havells India jumped over 12% and after stock split. Havells India split each equity share of face value Rs5 each into five equity shares of Re1 each., with trading starting as of today, (August 26, 2014).
· Reliance Power opts out of gas-fired power plant in Dadri
Reliance Power told the Supreme Court that it wasn't interested in setting up gas-fired power plant in Dadri, Uttar Pradesh, any more and would return about 956 acres of land acquired for the company to the state government.
· L&T signs contract for 225 Mw
Bangladesh Power Development Board and Larsen & Toubro (L&T) have signed a contract to set up a 225 megawatt, gas-based power plant in sikalbaha, Chittagong in Bangladesh. The contract, which is valued at about $200 million, was secured by L&T in May, 2014.
INDIAN EQUITY MARKET STRATEGY- 05 August 2014
INDIAN BENCHMARKS trade in green ahead of RBI decision. The Reserve Bank
of India is expected to keep interest rates steady while adopting tougher
rhetoric on inflation at a policy review today due to growing concerns that
disappointing monsoon rains will lead to a surge in food prices.
FURTHER, Power Grid Corporation of
India Ltd has posted a net profit of Rs. 11365.10 million for the quarter ended
June 30, 2014 as compared to Rs. 10403.40 mn for the quarter ended June 30,
2013. Tata Communications has posted a net profit at
Rs125.65 crore Vs Rs231.71 crore YoY. Total Income is Rs1186.86 crore Vs
Rs1205.11 crore.
Trend in FII flows: The FIIs
were net buyers of Rs 192cr in the cash segment on Monday while the DIIs
were net sellers of Rs. 250cr, as per the provisional figures released by
the NSE.
