Gold slipped on Tuesday due to a stronger dollar and uptick in equities as China's factories slowly return to work amid rising death toll from the coronavirus epidemic. On the other hand, Crude inched up amidst the news that China's factories slowly returning to work but remained cautious over the Wuhan virus that has now killed over 1,000 in China. No Major Economic Data for the Day. Technical Levels Gold...
Benchmark indices halted after two days of sell-off in the market and bounced back on the previous trading session. The S&P BSE Sensex rose 0.58 percent to close at 41,216.14 and the NSE Nifty 50 rose 0.63 percent to end at 12,107.90. The broader markets represented by the NSE Nifty 500 Index rose 0.42 percent. The market breadth, however, was tilted in favor of sellers. About 962 stocks declined and 801 shares advanced on...
HDFCAMC After a range-bound breakout stock looks positive on the chart. Currently 2.5% up from the previous closing. Catch it above 3425, if it breaks and closes above 3425 for 3 consecutive days + weekly closing will see upside movement till 3580 +++ levels in the coming days. Support and stop loss below 3275 on a closing basis. NILKAMAL Currently, 2.5 % up from previous closing and stock looks...
Fundamental Aspect: The National Agricultural Cooperative Marketing Federation of India has stocks of 1.6 mln tn of chana, which the agency bought under the price support scheme in the 2019-20 (Apr-Mar) rabi season. "We have 1.6 mln tn of chana that we procured from farmers at minimum support price level under the PSS (price support scheme). Apart from this, we have around 100,000-150,000 tn chana in buffer," Sanjeev...
Rupee opened on a positive note against the US Dollar in the early morning as the market is awaiting Delhi elections result, the market is likely to be volatile. Foreign Institutional Investors allegedly bought stocks worth of Rs 161.93 crore on Friday. The US 10- year bond is trading at 6.43 percent. Technical outlook: (February 2020) Dollar Index Dollar index has its support at 98.60 and resistance is...
MONEYCONTROL • ITC: Company hiked prices across various lengths of cigarettes by 10-12 percent - Source CNBC-TV18. • Chalet Hotels: Q3 profit jumps 126 percent to Rs 33.4 cr, revenue rises 12.4 percent to Rs 278.1 cr YoY. • Oil India: Q3 profit dips 35.2 percent to Rs 406.4 cr, revenue slips 5.5 percent to Rs 2,952 cr QoQ. • Bombay Dyeing: Q3 profit at Rs 162.4 cr versus the loss of Rs 159.3 crore, revenue...
Gold prices held steady on Monday as rising concerns over the severity of the coronavirus outbreak offset a slight reprieve for equities after China eased some work and travel restrictions. On the other hand, Crude oil traded lower but held in a range as traders are waiting for the clarification as opec+ members are preparing to cut the further output of Crude oil to balance markets demand and supply amidst weak demand of Crude oil due to the...
Indian equities indices closed lower on the first trading day of the week by losses in metal stocks such as Tata Steel Ltd. and Vedanta Ltd. The S&P BSE Sensex declined as much as 0.39 percent to 40,979.60 and the NSE Nifty 50 declined close to 0.55 percent to 12,031.50. The broader markets represented by the NSE Nifty 500 Index ended 0.55 percent lower at 9,945.65. The market breadth was tilted in favor of sellers. About 1,140...
In the previous week, Rupee traded in a range with a negative bias as the global equity markets took a dip affected by risk development after China reported an increase in infections from the new Coronavirus. In the previous, RBI kept its interest unchanged at 5.15% in its Bi-monthly policy meets and to hold the accommodative stance. The GDP data stood at 4.5% lower than the previous quarter. Earlier this...
Fundamental Aspect: U.S. export sales of soybeans to China fell to their lowest in nearly five months amid concerns about the spread of the deadly coronavirus denting demand from the world's top buyer of the oilseed. The export sales to China totaled just 31,523 tonnes in the week ended Jan. 30, according to a weekly U.S. Agriculture Department report released on Thursday morning. That was the lowest since the week ended Sept. 5...
