• posted by IMV |
  • 21/5/2018

Gold prices traded moderately lower due to rise in the U.S dollar against its major currency coupled with likely to hold trade war between China and the U.S. The dollar picked up as China and the U.S. agreed to halt imposing punitive import tariffs. Chinese and American negotiators set up a framework to address the trade imbalances. Dollar-denominated assets such as gold are sensitive to moves in the dollar a gain in the dollar makes gold more...

  • posted by IMV |
  • 21/5/2018

Oil prices rose today morning in Asia, boosted by news that China and the U.S. have put a looming trade war “on hold. The trade war between the world’s two biggest economies is “on hold” after they agreed to drop their tariff threats while they work on a wider trade agreement, according to U.S. Treasury Secretary Steven Mnuchin on Sunday. The news gave global markets a lift in early trading on Monday. Brent crude crept ever closer to $80 per...

  • posted by IMV |
  • 21/5/2018

Fundamental Aspect:Turmeric future prices traded with negative bias from last couple of week on the back of positive monsoon onset and performance forecasts that are favourable for the higher crop area. However, major loss may be capped on expectations of good buying activity for the fresh crop at the spot markets. Supplies at the spot market also gradually declining as lean season is approaching. Good upcountry demand is seen at the spot markets...

  • posted by IMV |
  • 21/5/2018

The Indian rupee further weakened against the U.S dollar in early trades on fresh demand for the greenback from importers and banks. Crude oil's breach of the USD 80 per barrel mark in global market while, a bit higher opening of the domestic equity market may support the investor sentiment here. Increased demand for the US currency from importers and foreign fund outflows weighted down the rupee sentiment heavily. As high-level meetings between...

  • posted by IMV |
  • 21/5/2018

Economic Times● India’s rural consumption surges in boost for FMCG firms● Surging oil prices, bond yields, weak rupee to weigh on markets this week● UltraTech to acquire Century Textiles’s cement business● DoT seeks reply from Airtel on Apple Watch eSIM service by 24 May● Govt may allow data resale in boost to public WiFi planBusiness Standatd● PNB fraud: CBI to approach Interpol for red corner notice against Nirav Modi, Mehul Choksi● Sebi to...

  • posted by IMV |
  • 21/5/2018

Nifty 10596/Sensex 34848/ Bank Nifty 2587514 Advances / 36 Declines/ 0 UnchangedSensex, Nifty hits over 3-week closing low ahead of Karnataka trust voteKey benchmark indices logged sharp losses led by index pivotal L&T, ICICI Bank and Reliance Industries. The barometer index, the S&P BSE Sensex, lost 300.82 points or 0.86% to settle at 34,848.30. The Nifty 50 index lost 86.30 points or 0.81% to settle at 10,596.40. The Sensex ended below...

  • posted by IMV |
  • 18/5/2018

Gold prices trade moderately lower backed by rising Treasury yields and a stronger dollar. The rise in bond yields, along with positive economic data and rising inflation have boosted expectations that the Federal Reserve will increase interest rates and tighten monetary policy. The Fed raised rates in March and some investors expecting a third hike. Expectations of higher interest rates tend to boost the dollar by making the currency more...

  • posted by IMV |
  • 18/5/2018

China has offered President Donald Trump a $200 billion reduction in its annual trade surplus with the U.S. by increasing imports of American products and other steps, said a Trump administration official. China announced Friday that it would end its anti-dumping and anti-subsidy investigation into imports of U.S. sorghum, citing public interest.(Impact: Chinese proposal is a positive sign that a full-on trade war may be averted)Source:...

  • posted by IMV |
  • 18/5/2018

Technical Level    CopperSupport at 458 and Resistance at 467.Break and close above 467 will take it to 478—485 and then 494 marks else could touch its support level of 458.Fresh selling can be initiated only on close below 458 marks.Trade with levels only.NickelSupport is 975 and Resistance is 998Close above 998 will take it to 1020—1045 mark else could touch it support level of 975.Fresh selling can be seen on close below 975...

  • posted by IMV |
  • 18/5/2018

Fundamental Aspect:RM Seed futures prices are expected to trade sideways higher as lowering stocks at physical market may support the prices further. Moreover, improved export demand of meal and weaker production outlook for year 2017-18 could cap any excessive falls in prices near term. Ongoing procurement of mustard seed by Haryana, Madhya Pradesh and Rajasthan state government at MSP of Rs.4000 per quintal is also likely to cap excessive...