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COMMODITY MARKET STRATEGY 17 OCT. 2014

By : Simran Shah
BASE METAL WRAP: Nickel climbed for the first time in four days, paring a sixth weekly decline, as some investors deemed this week’s drop to a seven-month low as excessive amid signs of an improving U.S. economy.
ENERGY WRAP: West Texas Intermediate crude rallied for a second day after trading below $80 a barrel for the first time since June 2012. Brent advanced in London.
PRECIOUS METAL WRAP: Gold traded below a five-week high, headed for the first back-to-back weekly increase since July, amid speculation signs of a global slowdown led by Europe may delay the onset of higher U.S. borrowing costs. Palladium rose.
GLOBAL EVENTS TO WATCH: Core CPI m/m, Building Permits, Fed Chair Yellen Speaks, Housing Starts, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations.

Nifty hangs below 8050; SBI, Wipro, Hindalco gain 1%

By : Simran Shah
Nifty tips,Asian share tips,investor tips,
he market is looking listless with the Nifty hanging below 8050, down 10.35 points at 8031.65. The Sensex slips 37.06 points at 26779.50. About 1363 shares have advanced, 589 shares declined, and 66 shares are unchanged. ONGC, Tata Motors, HDFC, Axis Bank and Sesa Sterlite are major laggards in the Sensex. Among the gainers are Sun Pharma, Dr Reddy's Labs, Hindalco, Wipro and SBI.

Asian shares held near one-month lows as investors braced for a possible hawkish shift in the US Federal Reserve's policy stance as the Fed begins a two-day policy meeting later in the day. 

Speculation that the Fed could raise interests sooner and faster than previously expected have rattled many share markets around the global and supported the US dollar. 

The Fed's Open Market Committee will begin its regular two-day policy meeting later on Tuesday, and investors will be scanning the outcome for clues on the timing of the first US rate hike in more than eight years.

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