Group items tagged

News the U.S. Federal Reserve Board is considering further measures to boost the sagging U.S. economy helped Hong Kong sustain its month-ending rally. But Hong Kong blue chips still lost 8.5% in August.

Today NCDEX chana looking on positive side while corrinder shows weak points as compare to its previous trading value..corriader for august delivery may shown a short start today ,it was not so high but trading can be done with the starting value of these . NCDEX Chana for august delivery may trade on bullish side ,you supported it at 3562, 3520 and resistance at 3676, 3696.

I have been looking for a buying opportunity but not at these levels. Test of August lows possible after a Fed rally next week. New buying is risky.

Today Indian stock market is trading with more than 0.5 per cent growth.On morning at 10:50 am, the Sensex gained 158 points to 25,487 and Nifty gained 42 points to 7617 levels. Midcap and Smallcap stocks rose from 0.8 to 1.2 per cent. Realty stocks grows by 2.25 per cent. Auto shares rose 2 per cent and Capital goods rose 1 percent. Bank, IT, technical, consumer durables, metal stocks are strong by 0.5 per cent. Healthcare, Oil & Gas, Power shares also shows growth.FMCG stocks are under pressure. In Realty stocks, Indiabulls Real Estate, DLF, Oberoi Realty, HDIL, Delta Corp, Unitech rose from 3.3 to 2 per cent.

mcx copper for august contract trade above 508.00 raily up by 13.85 rs / kg while other base matel nickel up on 17.40 and trade at 985.80Rs/ kg.

mcx sx report says that gold future continuous on downside shows weaker trend for this year . The depreciation of Indian rupee against dollar is expected to support yellow metal price in mcx . The gold future trading was down by .61 % to 29676 per 10 gram on 16:08 pm .

Gold prices in domestic futures tested historical highs in absolute as well as in percentage terms as MCX Gold rallied towards high 35074 per 10 gms on 28th August 2013 which is almost Rs. 7000/10 gms or 25% higher than last month close of 28207/10 gms.

Selling climax nixed by Thursday's European news rally, but economic challenges could still mean drop in stocks in the near future. Breaking August 9 lows is still possible.

China might see a technical rebound after a 20% swoon since early August. But there won't be a sustained recovery until the overhang of possible Greek default is eliminated.

European Group of Seven meets tomorrow to stabilize its economic and debt problems. U.S. markets to test August lows today and Monday.

The market is close to resolving whether the consolidation pattern since early August is a base for a renewal of the bull market, or a further decline in stock prices and a very attractive buying opportunity.

The yellow metal broke its falling trend as it started rising in the second half of the last week of August 2014. Price of Gold rose for the three days in four sessions of the week which is shocking for jewelers and investors who expected "gold prices to continue the fall till Diwali." There is no need to worry in mid-term considering prices of the commodity since Asian demand stayed low, US currency strengthened and equities surged in the week. Market analysts are waiting for a pointer from European Central Bank (ECB) to add in support to the price of the metal.

Here is a list of top fifteen stocks that are likely to be in focus today: Tata Motors Ltd: India's largest automobile company, posted its first loss in 25 quarters after a one-time charge of Rs 2,493 crore on account of Jaguar Land Rover vehicles damaged in the Tianjin Port explosion in August, foreign exchange revaluation and higher depreciation and amortisation expenses in the JLR business. Grasim Industries Ltd: The company which decided to merge with group company Aditya Birla Chemicals India LtdBSE -1.38 % earlier this year, plans to refinance the latter's Rs.1,200 crore loans and transfer them to its books once the merger is complete in the December quarter, said a media report. Coal India Ltd: State-run Coal IndiaBSE -1.58 % ( CILBSE -1.58 %) will invest Rs 6,000 crore to set up 1,000 MW of solar power generation capacity over the next five to six years, according to a senior company executive. Tata Steel Ltd: Forced to go for more restructuring of its UK business due to a "challenging marketplace", Tata SteelBSE -0.55 % will sell its Long Products Europe business by the end of the current financial year.

It appears that our "dependence" on OPEC is more myth than reality.

The stock market recovered from earlier losses after a string of poor economic data threatened to curtail recent gains. The housing market may be forming a bottom, however.

Today's stock market action may determine whether August's "bottoming pattern" can hold or yield to another downleg, possibly below DJIA 10,000.

The energy sector was broadly higher following a BP report that divided the blame over several major oil companies. The price of oil meanwhile, fell beneath $90 per gallon again today after reaching Tuesday highs in recent trading.

The recent rally appears to be driven my invisible forces. Flat or pessimistic news regarding the global economy seems to inexplicably be driving the market upwards, but can it last?

Today after opening, the stock market touched the new heights and Nifty reached 7922. But after a spectacular rallies of 6 days, the market is busy with profit taking sessions. Realty, capital goods, oil & gas and FMCG stocks have selling pressure on the market. However, pharma, IT and technology stocks have buying trend. While there is good buying in smallcap stocks.Midcap stocks are sluggish. The BSE 30-share Sensex index down 70 points, ie 0.25 per cent and is trading at a level of 26,353. The NSE 50-share Nifty index fell 19 points to 7879.