Currency Levels (3rd January 2020)
  • posted by IMV |
  • 03/1/2020

Rupee opened on an extremely negative note against the US Dollar in the early morning weighed down by Iraq strikes by the US. Market is likely to be highly volatile due to war like situation, market participants are trading cautiously. Foreign Institutional Investors allegedly sold stocks worth of Rs 1,265.10 on Tuesday. The US 10- year bond is trading at 6.50 percent.  Technical outlook: (January 2020) Dollar Index...

MORNING NEWS HEADLINES ( 3rd Jan 2020 )
  • posted by IMV |
  • 03/1/2020

 MONEYCONTROL • SBI, Union Bank: The State Bank of India (SBI) and Union Bank of India are looking to sell their non-performing loans totalling Rs 2,836 crore to banks, asset reconstruction companies and other financial institutions. • ONGC: The company on January 2 walked away with all the seven oil and gas blocks on offer in the latest bid round that saw just eight bids coming in. • Hero MotoCorp: The...

Updates on Bullion, Base Metals, and Energy Levels  (2nd Jan 2020)
  • posted by IMV |
  • 02/1/2020

Gold traded higher on Thursday as the dollar hovered near a six-month low hit on New Year's Eve amid bets that U.S. economic outperformance could be coming to  an end. On the other hand, Crude oil traded sideways as warming trade relations between the United States and China eased demand concerns while rising tensions in the Middle East fuelled worries about supply. Today, traders should concentrate on the Unemployment Claims and...

MORNING NIFTY AND BANK NIFTY UPDATE ALONG WITH STOCK LEVELS FOR THE DAY (3rd JAN 2020))
  • posted by IMV |
  • 02/1/2020

 Indian equity benchmark NSE Nifty 50 extended gains for the second consecutive trading session of the year 2020 and closed at a record high on weekly expiry. The Nifty 50 index rose 0.82 percent to end at an all-time high at 12,282.95. The S&P BSE Sensex rose 0.78 percent to close at 41,626.64. The broader markets represented by the NSE Nifty 500 Index rose 0.92 percent. The market breadth was tilted in favor of buyers. About 1,337...

Agri-Commodity Update  (2nd January 2020)
  • posted by IMV |
  • 02/1/2020

  Fundamental Aspect: Palm oil import duty reduction disappoints industry The government's move to reduce import duty on refined and crude palm oil , will hurt the domestic refining industry, said Solvent Extractors’ Association (SEA), an apex trade body of the vegetable oil Industry. With effect from 1st January 2020, the duty on refined palmolein has been brought down from 50% to 45% and on crude palm oil (CPO) from 45% to...

TODAY'S  TO GAINER LEVELS UPDATE ( 2nd Jan 2019 )
  • posted by IMV |
  • 02/1/2020

SUNTECK Stock looks bullish on the chart. Currently 2 % up from previous closing. Catch it above 432 if it breaks and close above 432 for 3 consecutive days + weekly closing will see upside movement till 455 +++ levels in coming days. Support and stop loss below 412 on a closing basis. GODFRYPHLP Currently 2 % up from previous closing and stock is on a verge of reversal.  Grab it above...

Currency Levels (2nd January 2020)
  • posted by IMV |
  • 02/1/2020

Rupee opened on a flat note against the US Dollar in the early morning as it is stable due to positive sentiments regarding US-China trade deal. Foreign Institutional Investors allegedly sold stocks worth of Rs 1,265.10 on Tuesday. The US 10- year bond is trading at 6.50 percent.  Technical outlook: (January 2020) Dollar Index Dollar index has its support at 96.30 and resistance is seen at 96.70. Break and...

MORNING NEWS HEADLINES 2nd Jan 2020
  • posted by IMV |
  • 02/1/2020

 MONEYCONTROL • Tata Motors: December sales dropped 13.8 percent to 46,903 vehicles against 54,439 units during December 2018. • Eicher Motors: VECV December sales dipped 19.1 percent to 5,042 units against 6,236 units during December 2018. • JBM Auto: The merger of JBM Auto System and JBM MA Automotive with the company is effective on January 1. • Dhanlaxmi Bank: CARE reaffirmed ratings of the...

MORNING NIFTY AND BANK NIFTY UPDATE ( 2ND JAN 2020)
  • posted by IMV |
  • 01/1/2020

    Indian equity benchmarks ended flat on the first trading day of the calendar year. The S&P BSE Sensex rose 0.13 percent or 52 points to end at 41,306.02 and the NSE Nifty 50 rose 0.12 percent or 14 points to close at 12,182.50. The broader markets represented by the NSE Nifty 500 Index rose 0.16 percent. The market breadth was tilted in favour of buyers. About 1,017 stocks advanced and 735 shares declined on NSE. Six out...

Agri-Commodity Update  (1st January 2020)
  • posted by IMV |
  • 01/1/2020

Fundamental Aspect: The front-month soybean contract on the NCDEX is likely to rise to 4,650-4,850 rupees per 100 kg soon as lower output is expected this year due to unseasonal rains, Kedia Comtrade said in its outlook report.   In Indore, soybean prices were flat at 4,400-4,450 rupees per 100 kg. Average daily arrivals were estimated to be largely steady at 2,000-2,500 bags (1 bag = 100 kg), Indore Traders Association head...