• posted by IMV |
  • 17/7/2018

Gold traded with diligence among market participants due to mix fundamental in the market. Today before U.S fed chair Powell testimony we have seen a decline in dollar index which is supporting gold prices at lower levels. The market participants are eyeing on the U.S fed minutes today to further gauge the scenario of interest rate in U.S as gold is a dollar denominated asset it is more likely to move with dollar in opposite direction. Apart from...

  • posted by IMV |
  • 17/7/2018

Cotton future prices traded higher on firm international prices but the prices have been trading higher by more than 14.5% compared to last year. As per the trader source, Cotton acreage till last week was down by 15% on year to 77.5 lakh hac compared to 90.9 lakh hac last year. Market participants are expecting higher imports in coming months as government increase minimum support prices for cotton by 26-28%. MSP of cotton (MS) has been raised...

  • posted by IMV |
  • 17/7/2018

Indian rupee continued to trade in demand zone against dollar on the back falling global crude oil prices and weakness noticed in the dollar in early trade against its major peers. In the last few sessions crude oil has been under pressure as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers. There are also reports that US could tap its Strategic Petroleum Reserve, which would add supply to the...

  • posted by IMV |
  • 17/7/2018

Economic Times● HUL Q1 net profit rises 19% to Rs 1,529 core● LIC gets board nod to raise its stake in IDBI Bank to 51%● Infosys shares climb 6% after Q1 earnings● Airbus near blockbuster $23 billion jet sale to AirAsia● Sensex drops 217 points on sell-off in banking, pharma stocksBusiness Standatd● Overall rainfall deficit narrows to 4%, but UP, Bihar, Jharkhand still face dry conditions● Adoption of e-medical records facing infra hurdles:...

  • posted by IMV |
  • 17/7/2018

Nifty 10936/Sensex 36323/ Bank Nifty 2667915 Advances / 35 Declines/ 0 UnchangedNifty settles below 11,000Trading for the week began on a subdued note as stocks drifted lower in volatile trade. The barometer index, the S&P BSE Sensex, lost 217.86 points or 0.6% to settle at 36,323.77. The Nifty 50 index fell 82.05 points or 0.74% to settle at 10,936.85. The Nifty settled below the psychologically important 11,000 mark after falling below that...

  • posted by IMV |
  • 16/7/2018

Gold traded higher today amid raising trade tension between U.S and China. President Donald trump further escalated the issues by imposing 10% tariff on 200 billion dollars’ worth of goods import from china. Due to the ongoing issues we have seen a decline in dollar index which boosted demand of safe heaven. Apart from depreciated dollar we have also noticed the rise in U.S treasury 10 years bond yields which further put the curb on U.S dollar...

  • posted by IMV |
  • 16/7/2018

In Godrej Properties, we have been seeing a strong uptrend since 2017 from the bottom levels. From the developments of the daily chart, a double-top pattern has been formed. Recently, the neckline of the pattern got breached to the downside at 700 levels. Now, we are expecting a sharp downside panic in the stock till 495 levels. The stock might take a support of 650 levels in coming days, break and sustain below 650 will take it down...

  • posted by IMV |
  • 16/7/2018

Soybean futures prices likely to trade on weaker note as USDA monthly supply and demand estimation report which increased global production and inventory projection substantially. Increased production estimates for US and Brazil is likely to keep global production higher in year 2018-19. USDA estimated soybean production Brazil at 120.5 million tonnes wherein production in US is projected at 117.30 million tonnes compare to 116.48 million tonnes...

  • posted by IMV |
  • 16/7/2018

The Indian rupee traded with small gain and loss against the dollar as shrugging off weaknesses in emerging market currencies amid a suspected intervention by the Reserve Bank of India that helped dampen excess dollar demand in the market. India’s factory output growth slowed to a seven-month low in May while retail inflation quickened to a five-month high in June, signalling a worsening macro-economic environment. Last week data released by the...

  • posted by IMV |
  • 16/7/2018

Economic Times● LIC board to meet tomorrow to finalise IDBI Bank stake buy● FPIs withdraw Rs 1,200 cr from debt market so far in July● Lodha Developers may launch IPO this month to raise Rs 5,500 crore● Money in Swiss banks: India moves to 73rd place, UK remains on top● FDI in services sector slumps 23% in 2017-18Business Standatd● Govt may seek extension of deadline for PSBs on minimum public float norm● Dr Reddy's to appeal US court decision on...