Showing posts with label Agri product trade. Show all posts
INDIAN BENCHMARKS continues retreat from record high
By : Simran Shah
INDIAN EQUITY BENCHMARKS ended flat, amid a volatile trading session, even metal stocks rebounded while power stocks extended losses after the apex court's verdict on coal block allocations.
· Tata Power fell another 2.8 percent on the Supreme Court’s order that stayed an interim order of the Appellate Tribunal for Electricity (APTEL) to allow payment of compensatory tariffs.
· Further, Oil and Natural Gas Corp ended down 2.5 percent on equity dilution concerns due to a potential share sale by the government.
INDIAN BENCHMARK opened lower
By : Simran Shah
INDIAN BENCHMARK opened lower following consistent nervousness due to Supreme Court order on coal block allocation case.
FURTHER, Auro Life Pharma LLC, subsidiary of Aurobindo Pharma has got tentative approval from USFDA for anti-allergy drug fexofenadine hydrochloride 30 mg. Torrent Pharma has secured an exemption from price control for one of its newly developed fixed dose combination products.
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. 45cr, as per the provisional figures released by the NSE.
COMMODITY MARKET STRATEGY 14 AUGUST 2014
By : Simran Shah
BASE METAL WRAP:
London copper fell on Tuesday to near six-week lows as improving supply
and renewed tension between Ukraine and Russia combined with a summer lull to
curb investors' appetite for risky assets.
ENERGY WRAP: West Texas
Intermediate fell amid speculation that U.S. oil demand is slowing after a
government report showed weekly crude inventories expanded for the time since
June. Brent dropped in London.
PRECIOUS METAL WRAP: Gold traded little
changed below a three-week high as investors gauged the health of the U.S.
economy and tensions persisted in Ukraine and the Middle East. Gold demand in China shrank in the second quarter as
consumers in the biggest user bought fewer bars, coins and jewelry amid a
clampdown on corruption and as the buying spurred by last year’s price slump
wasn’t sustained.
GLOBAL EVENTS TO WATCH: Retail
Sales q/q, French Prelim GDP q/q, German Prelim GDP q/q, Unemployment Claims,
Import Prices m/m, Natural Gas Storage, 30-y Bond Auction.
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