• posted by IMV |
  • 14/5/2018

Today gained handsome profit in range bound market as clearly indicated yesterdayToday’s PerformanceFuture IntradayReliance Capital sell from 398---388. Gain of more than 7000/-Asian Paints from 1290 – 1293. Exit in profitManapuram Finance sell from 120– 119.70. Missed target by 0.05 Paisa as told to booked around 119.00Divislab sell from 1180 – 1178. Exit at cost as time not remaining. Crashed and made a low of 1160 after 3.20 PM. Future...

  • posted by IMV |
  • 14/5/2018

Oil prices in Asia receded from last week’s multi-year highs as resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran, while a relentless climb in U.S. drilling activity pointed to further increases in output. Around a million barrels of oil a day is likely to disappear, threatening to tip the oil market into under supply. The sanctions come amid an oil market that has already been tightening due to rising...

  • posted by IMV |
  • 14/5/2018

The dollar opened the week slipping against the other major currencies in Asia amid sagging U.S. 10-year Treasury yields. Markets also set eyes on the U.S. retail sales data on Tuesday and Japan’s GDP on Wednesday to look for more directional drivers. Last Friday, the U.S. released softer than expected consumer inflation data that curbed expectations for a third-rate hike by the Federal Reserve later this year. The news pressured United States...

  • posted by IMV |
  • 14/5/2018

Fundamental Aspect:Guar complex are likely to trade in a limited range today due to sluggish demand noticed in the physical market. However, higher arrivals witnessing in the spot market also weighted down the sentiment of its prices. Eyes on IMD’s monsoon projection due on 15th May which will be a major factor in coming days for guar seed. Crude oil prices also retreated from its recent peak affects the demand of gum in physical market as gum is...

  • posted by IMV |
  • 14/5/2018

The Indian rupee trimmed its early gains and ended almost flat the weekly session against the US currency in a highly volatile trade amid weak dollar cues. Subdued macroeconomic sentiment and continuous outflows of foreign funds coupled with rising geo-political tensions in the Middle-East after the decision of the US President to withdraw from the nuclear deal with Iran largely weighed down the sentiment of rupee too. Moreover, higher US dollar...

  • posted by IMV |
  • 14/5/2018

Economic Times● New direct tax code to benefit corporates, income tax payers● Middle East, Africa seek India’s help to light up their villages● Maruti Suzuki gets lion’s share of Suzuki R&D budget● Reliance Jio files complaint against Airtel over Apple Watch service● Air India records 20% growth in revenueBusiness Standatd● PNB scam: RBI declines to share inspection reports● Equity mutual funds log Rs12,400 crore inflow in April, push AUM to...

  • posted by IMV |
  • 14/5/2018

Nifty 10806/Sensex 35535/ Bank Nifty 2641338 Advances / 12 Declines/ 0 UnchangedMarket ends on a Positive noteIndian equity benchmarks resumed upmove after taking a breather in the previous session ahead of Karnataka assembly elections led by HDFC twins, Asian Paints, ITC and Infosys. The S&P BSE Sensex rose 0.82 percent or 289.52 points to 35,535.79 and the NSE Nifty 50 index climbed 0.84 percent or 89.95 points to 10,806.50. The way market...

  • posted by IMV |
  • 11/5/2018

Gold prices traded higher due to weakness in the dollar coupled with persistent buying by local jewellers in the ongoing wedding season and a firming trend in the overseas market. Rising geopolitical tensions in the Middle East added some safe-haven appeal to gold while rising US Treasury yields were capping upside.Crude prices maintained its higher tone, notching another three-and-a-half-year peak as escalating geopolitical tensions between...

  • posted by IMV |
  • 11/5/2018

Fundamental AspectChana futures are expected to trade in the range as market is struck between mixed fundamental factors. Surplus stock from bumper harvest and higher import is trying to pressurize the prices while on the other hand series of government measures are trying to restrict sharp fall in the prices. The target for pulses production is 24 million tonnes for 2018-19, marginally up from 23.95 million tonnes in 2017-18. As per the latest...

  • posted by IMV |
  • 11/5/2018

The Bank of England's (BoE) Super Thursday turned out to be a fizzle, as many expected. Following several months of expectations that the UK's central bank would be increasing interest rates this month, a string of worse-than-expected economic figures for the UK's economy has forced the BoE to recant its hawkish stance, and interest rates were left as they are for the time being. Experts are now calling for a rate hike sometime in August or...