• posted by IMV |
  • 18/5/2018

Oil prices held firm on strong demand, ongoing supply cuts led by producer cartel OPEC and looming U.S. sanctions against major crude exporter Iran. Crude prices have received broad support from voluntary supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC) aimed at tightening the market. Beyond OPEC's cuts, strong demand as well as falling output from Venezuela and a U.S. announcement earlier this month to renew...

  • posted by IMV |
  • 18/5/2018

The dollar edged higher against the yen and set a fresh four-month high, buoyed by a rise in U.S. Treasury yields that suggests a more upbeat outlook for the world's largest economy. U.S. benchmark 10-year yields hit a high of 3.128 percent in early Asian trade on Friday, the highest in nearly seven years. The U.S. 10-year bond yield has climbed about 15 basis points this week, putting it on track for its biggest weekly rise in more than three...

  • posted by IMV |
  • 18/5/2018

Nifty 10682/Sensex 35149/ Bank Nifty 2607313 Advances / 36 Declines/ 0 UnchangedKey benchmarks end with modest lossesThe market declined as investors were concerned about political uncertainty in Karnataka. The barometer index, the S&P BSE Sensex, fell 238.76 points or 0.67% to settle at 35,149.12. The Nifty 50 index fell 58.40 points or 0.54% to settle at 10,682.70. Crude oil prices inching closer to $80 per barrel, continued foreign fund...

  • posted by IMV |
  • 17/5/2018

Gold has slumped as expectations of higher U.S. interest rates have pushed up bond yields and the dollar. Higher Treasury yields can spell weakness for gold which, like other commodities, offers no yield, while a stronger U.S. currency makes dollar denominated gold more expensive for overseas buyers. Oil rose to $80 a barrel (Brent) for the first time since 2014 as U.S. crude inventories fell and traders braced for the impact of renewed...

  • posted by IMV |
  • 17/5/2018

Gold fell to its lowest level since December on Wednesday, as the U.S. dollar surged and bond yields rose. Gold is denominated in the U.S. currency and becomes more expensive for holders of other currencies when the dollar rises. Meanwhile the precious metal was held back by rising bond yields. The yield on the benchmark United States 10-Year Treasury note was at 3.085 after reaching a seven-year high of 3.095 on Tuesday. Strong upbeat data this...

  • posted by IMV |
  • 17/5/2018

Fundamental Aspect:Chana future prices traded marginally lower due to profit booking after it surged about 3% in previous session. Recently, government restricted import of yellow peas, a substitute added in the Chana flour till June end to support Chana prices in domestic market. Madhya Pradesh and Chhattisgarh government announce bonus for Chana procurement over and above this MSP prices. Government is trying to support prices by removing...

  • posted by IMV |
  • 17/5/2018

The Indian rupee extended its losses further in early trades but managed to rebound towards green territory on the back of fresh selling noticed of the US currency by exporters and banks. However, dollar's strength against other currencies overseas, as a surge in the benchmark 10-year Treasury yield above 3% reignited a rally that had lost steam last week, capped the rupee's gains. Yesterday, the rupee had lost sharply, the second biggest...

  • posted by IMV |
  • 17/5/2018

Economic Times● Tata Steel Q4 profit at Rs14,688 crore● ITC Q4 net profit rises 9.8% to Rs2,933 crore● PNB Housing Finance now more valuable than parent● Nirav Modi is Punjab National Bank’s big problem, but it has many others● ArcelorMittal offers to repay Uttam Galva, KSS debt with ridersBusiness Standatd● Airtel to lay-off section of Telenor staff post-merger● JK Lakshmi Cement Q4 profit jumps 62% to Rs34 crore● Cabinet approves national...

  • posted by IMV |
  • 17/5/2018

Nifty 10741/Sensex 35387/ Bank Nifty 2618217 Advances / 33 Declines/ 0 UnchangedMarket settles lower amid volatilityKey benchmark indices logged modest losses after a highly volatile session. The barometer index, the S&P BSE Sensex, fell 156.06 points or 0.44% to settle at 35,387.88. The Nifty 50 index fell 60.75 points or 0.56% to settle at 10,741.10. The undertone of the market was negative due to political uncertainty in Karnataka and...

  • posted by IMV |
  • 16/5/2018

Again a range bound session because of unclear situation in KarnatakaToday’s PerformanceSTBT... Mind blowing dayPNB sell from 84.00 – 74.50 Gain of more than 35000/-Intraday Futures... Mixed dayChola Finance sell from 1559—1548. Gain of 5000/-PNB... Exit at costCanara bank sell from 237.50—243.00. Loss of 9000/-Regular Futures...Overall gainedBank of Baroda sell from 136.20—133.80. Gain of 10000/-LIC Housing Finance sell from 494—496. Loss...