Tuesday, October 6, 2015

Daily Currency Market Report 06 October

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Continuing the rally for the 6th straight session, the rupee inched gain by 1 paisa to 65.27 against the US dollar in Tuesday is trade among expects that the US Federal Reserve (Fed) will find it complex to trek interest charge at slightest in 2015, tracking a less-than-expected jobs records published last week. The local currency had advanced at 65.28 on Monday. This was the minimum end for the domestic unit since Aug. 19.

Rupee is picking its health from past few trading session. In yesterday is trading session; range of 65.52 got breached but closing was above it. For Today, it is recommend going for short position lower 65.52 only while for any long spot it should be the stop loss. Trend gauges like RSI, stochastic are soothing for small face. (Report By Swastika Investmart Stock Broking companies)

"With the options of a charge trek by the US Fed moving drop, emerging market (EM) currencies, counting the rupee, are going to trade firm. While Indian exports maintain to falter, the Reserve Bank of India's (RBI) recent move to permit upper foreign portfolio investment (FPI) in government bonds and frontload price reduce should boost foreign interest in India and drive foreign institutional investments," India Ratings said in a report."It is value noting that trade balance and present balance are typically much superior for the 2th 1/2 of the year and this should sustain the currency. While the rupee has outperformed most other rising market currencies, Ind-Ra expects the drift to maintain," the rating agency added.


    * The view of a setback in the U.S. Federal Reserve's plan to increase interest charges and cues of some stability in oil and commodity markets increased Asian shares on Tuesday.

    * The dollar raised against the safe-haven yen on Tuesday as improving shareholder threat appetite worked against the Japanese currency, which was also under stress from the view of the Bank of Japan finally lessening financial policy.

    * Crude oil rates increased in early Asia trade, adding to increases in the last session, after Russia signed it was willing to meet with other big oil producers to discuss the market tracking the fall in rates in the previous quarter.

    * U.S. Treasuries rates chop on Monday, with benchmark yields hiking from their minimum since April, as bad services division data sustained the outlook that the Federal Reserve is not likely to increase interest charges soon, spurring shareholders to move into shares from bonds.

Market may extend gains on firm Asian stocks

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Key indices may extend yesterday's sharp gains tracking firm Asian stocks. Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 50.50 points at the opening bell.

In overseas stock markets, Asian stocks rose on the prospect of a delay in the US Federal Reserve's plan to raise interest rates and signs of some stability in oil and commodity markets. US stocks jumped yesterday, 5 October 2015, with the S&P 500 rising for the fifth day in a row, as rising oil prices boosted energy stocks and investors bet the Federal Reserve would not raise interest rates this year.

Back home, foreign portfolio investors (FPIs) bought shares worth a net Rs 649.90 crore yesterday, 5 October 2015, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 365.77 crore yesterday, 5 October 2015, as per provisional data.

Among corporate news, Maruti Suzuki India said that its total production rose 1.53% to 1.18 lakh units in September 2015 over September 2014. The announcement was made after market hours yesterday, 5 October 2015.

Canara Bank said that the board of the bank approved reduction in the base rate by 25 basis points from 9.90% to 9.65% for loans / advances effective from 7 October 2015. The announcement was made after market hours yesterday, 5 October 2015.

Tech Mahindra after market hours yesterday, 5 October 2015, announced bagging a contract to provide digital solutions Bombardier. As per the agreement with Bombardier Commercial Aircraft, Tech Mahindra will develop the Aircraft Ground Support System (AGSS) for Bombardier's Aircraft Health Management System (AHMS) for the C Series family of aircraft. The AGSS will facilitate real-time and post-flight recorded data management, fault notification and diagnostic reporting, Tech Mahindra and Bombardier said in a joint press release.

Frontline stocks led rally on the domestic bourses yesterday, 5 October 2015 as a disappointing US jobs report triggered speculation that the US Federal Reserve won't lift interest rates until 2016. The barometer index, the S&P BSE Sensex, surged 564.60 points or 2.15% to settle at 26,785.55.

On data front, Nikkei India Services PMI for September 2015 is due on today, 6 October 2015. The seasonally adjusted Nikkei Services Business Activity index rose to 51.8 in August 2015, from 50.8 in July 2015. (Source: capital market)

STOCK ALERT: Tech Mahindra in spotlight after bagging contract from Bombardier

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Tech Mahindra after market hours yesterday, 5 October 2015, announced bagging a contract to provide digital solutions Bombardier. As per the agreement with Bombardier Commercial Aircraft, Tech Mahindra will develop the Aircraft Ground Support System (AGSS) for Bombardier's Aircraft Health Management System (AHMS) for the C Series family of aircraft. The AGSS will facilitate real-time and post-flight recorded data management, fault notification and diagnostic reporting, Tech Mahindra and Bombardier said in a joint press release.

Maruti Suzuki India said that its total production rose 1.53% to 1.18 lakh units in September 2015 over September 2014. The announcement was made after market hours yesterday, 5 October 2015.

Housing finance major HDFC after market hours yesterday, 5 October 2015, announced a reduction in its Retail Prime Lending Rate (RPLR) by 25 basis points, with effect from today, 6 October 2015. This reduction would benefit all customers. The effective home loan rates for new customers would be 9.65% per annum (p.a.) and for women will be 5 basis points lower at 9.60% p.a. The reduction in the RPLR will also be applicable on loans to Non-Resident Indians (NRIs)/ PIO's Card holders. HDFC has recently made similar reduction in its deposit rates across all maturities.

Tata Steel will be in focus. Canadian iron ore miner New Millennium Iron Corp. after market hours yesterday, 5 October 2015, announced that it is reviewing its agreement with Tata Steel Global Minerals Holdings, a subsidiary of Tata Steel, for an iron ore project in Canada.

A review process for the heads of agreement was signed between New Millennium and Tata Steel Global Minerals Holdings, which governs the feasibility study of the Taconite project the two companies are currently engaged in. As part of the review, Tata Steel will consider current or potentially future participation in the development of the iron mines. The parties intend to conclude a definitive agreement during the first quarter of 2016 subject to the respective board approvals of the parties, the statement said.

Canara Bank said that the board of the bank approved reduction in the base rate by 25 basis points from 9.90% to 9.65% for loans / advances effective from 7 October 2015. The announcement was made after market hours yesterday, 5 October 2015.

Apollo Hospitals Enterprise will be in focus. With reference to the recent reports titled "Expansion in mind, Apollo Hospitals to raise funds" & "Apollo, IHH's Decade-old Alliance on Shaky Ground" respectively, Apollo Hospitals Enterprise after market hours yesterday, 5 October 2015 clarified that no board meeting is being planned to be convened by this month end to seek consent for raising further funds for funding new expansions.

PTC India Financial Services (PFS) yesterday, 5 October 2015, announced introduction of Credit Enhancement Scheme as part of efforts to step up lending to quality infrastructure projects in the country. As part of the scheme, PFS will offer credit guarantee after detailed appraisal to eligible projects along with other financial institutions for providing partial guarantees for projects and the same shall be backed by adequate security. The announcement was made after market hours yesterday, 5 October 2015.

Indian Overseas Bank (IOB) after market hours yesterday, 5 October 2015, announced that Reserve Bank of India (RBI) has initiated a Prompt Corrective Action on the bank and that this action will not have any material impact on the growth prospects/performance of the bank. The directions given by RBI are for improving the internal control of the bank and for the purpose of consolidation of the activities of the bank, IOB said in a statement. (Source: capital market)

Monday, October 5, 2015

Daily Commodity Mcx Report 05 October

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Bullion Gold rates zipped by Rs 397 to Rs 26,170/10 gram in futures trade today as investors took new spots on optimistic signs from worldwide markets. At the MCX, gold for delivery in Oct. was sharply gain by Rs 397 or 1.54 Per cent at Rs 26,170/10 gram in a business turnover of 5 lots. The metals for delivery in far month Dec. also shot up by Rs 352 or 1.36 Per cent to Rs 26,426/10 gram in a turnover of 596 lots.

Market analysts said the increase in worldwide market rates, after the US jobs records fuelled speculation that the Federal Reserve wouldn’t trek key interest charges any time soon, increased demand for gold and other commodities. This predisposed gold costs in futures market in India as well. Worldwide, gold was trading at $1,137.94 an ounce in Singapore today. The precious metal had rallied 2.2 Per cent on Friday.

Silver costs went gain by a whopping Rs 1,222 to Rs 35,766/kg in futures trading today as investors broaden spots among firm drift in precious metals abroad. At the MCX, silver for delivery in Dec. traded remarkably upper by Rs 1,222, or 3.54%, at Rs 35,766/kg in a business turnover of 3,367 lots. Likewise, the white metal for delivery in far-month March next year was trading upper by Rs 1,201, or 3.40%, to Rs 36,510/kg in 32 lots.

Market forecasters said speculative spots built up by participants, following a firm drift worldwide markets for precious metals after poor US jobs note reduced the prospect of an interest charge boost by the Federal Reserve (FR) present year, predisposed silver costs at futures trade. Meanwhile, silver was trading at USD 15.25 an ounce in Singapore today after rolling 4.9% on Friday, the most since Jan. 16.

Crude oil futures were gain 1.28 Per cent to Rs 3,009/barrel today as investors formed spots among optimistic Asian signs. At MCX, crude oil for delivery in Oct. picked Rs 38, or 1.28 Per cent to Rs 3,009/barrel, with a business turnover of 1,819 lots. The oil for November delivery stirred gain Rs 37, or 1.26 Per cent, to Rs 3,059/barrel, with a business amount of 98 lots.

Mcx Base metal Copper futures increased 1.60% today to Rs 343.35/kg as participant’s enlarged positions, taking optimistic signs from abroad markets and a pickup in spot demand. At the MCX, copper for delivery in November was trading upper by Rs 5.40, or 1.60%, to Rs 343.35/kg, with a turnover of 1,157 lots. The Feb. agreement was gain by Rs 5.30, or 1.54%, at Rs 349.40/kg, with a trade quantity of 50 lots.

worldwide, copper for 3-month delivery rushed as much as 1.8%, to $5,193/ton on the London Metal Exchange (LME).Market analysts attributed the increase in copper futures trade to a firming drift in the base metals pack at the LME after data demonstrated that US employers added fewer jobs than anticipated, dimming forecasts for an boost in interest charges by the Federal Reserve present year and failing the dollar for a 3th day. Besides, pickup in spot demand also sustained the upside, they said.

Mcx Trading Levels 05 October

Gold December Contact

Support: 25790/25900

Resistance: 26800/26960


Silver December Contact

Support: 34200/34400

Resistance: 36050/36400


Crude oil August Contact

Support: 2920/2950

Resistance: 3030/3060


Natural Gas August Contact

Support: 158.50/160

Resistance: 165.50/168


Aluminum OCT. Contact

Support: 100.20/101.10



Copper NOV. Contact


Resistance: 348/351


Nickel OCT. Contact

Support: 645/655

Resistance: 675/685


Lead OCT. Contact

Support: 106.50/107.30



Zinc OCT. Contact

Support: 109.20/109.70

Resistance: 111.10/112.20


Indian Stock Market extends gains

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Key benchmark index expanded increases and strike new day high as firmness in Asian markets increased sentiment. At 10:17 IST, the gauge index, the S&P Sensex, was gain 371.75 points or 1.42 Per cent at 26,592.70. The 50-script CNX Nifty was presently floating over mental 8,000 levels after crossing that range in early trade. Grows in Nifty were lesser than the rush of Sensex in percentage conditions. The Nifty was gain 101.30 points or 1.27 Per cent at 8,052.20.

Read More Daily Derivative Outlook for 05th October 2015

The Sensex rushed 389.40 points at the day is high of 26,610.35 strike in morning deal. At the day is high, the Sensex strike maximum range in more than 5 weeks. The Nifty hoped 110.55 points at the day is high of 8,061.45 strikes in morning trade. At the day is high, the Nifty strike maximum range in more than 5 weeks.

Tata Motors rushed 6.41 Per cent to Rs 316.05 on bargain tracking after the share chop 16.16 Per cent in the preceding 13 trading sessions to Rs 297 on Thursday, 1 Oct. 2015, from a latest high of Rs 354.25 on 10 Sept. 2015. Meanwhile, the firm declared after market hours on Thursday, 1 Oct. 2015, that sales of passenger and commercial vehicles (including exports) chop by 2 Per cent to 45,215 units in Sept. 2015 over Sept. 2014. The local sale of Tata commercial and passenger vehicles chop 0.23 Per cent to 40,813 units in Sept.2015 over Sept. 2014.

National Buildings Construction Corporation (NBCC) increased 1.42 Per cent after the firm said that it protected total business value around Rs 276.96 crore from diverse customers in Sept. 2015. The statement was made after market hours on Thursday, 1 Oct. 2015,

Bharti Airtel increased 1.97 Per cent. With respect to reports article titled "ASCI Tells Airtel to Stop Airing 'Misleading' 4G Ad", Bharti Airtel said during market hours today, 5 Oct. 2015, that in reply to the communication from Advertising Standards Council of India (ASCI), the firm has occupied with ASCI to offer them with the technical data in sustain of advertising claims and are tracking the prescribed process to timetable a review of the said issue. The firm is confident of receiving a positive reply from ASCI. Bharti Airtel said the advertising campaign of the firm revolves about the assure of fastest internet speeds and feature a set of claims that are based on rigorous test situations.

In abroad Share markets, Asian stocks increased after scenarios of a close to period interest charge trek by the Federal Reserve ebbed in the wake of previous week's poorer than anticipated US employment records. Records published on Friday, 2 Oct. 2015, demonstrated US non-farm payrolls increased by 142,000 in Sept., significantly lesser than the market prospects the prospect of the Fed delaying the lift-off date for charges also meant its loose policy, which has assisted shore up threat assets worldwide by giving shameful cash, will maintain a small longer. US shares ended on a optimistic report on Friday, 2 Oct. 2015 thanks to a late-afternoon rally, but a poor US jobs note added to doubts that the wealth is sluggish.

Daily Currency Market Report 05 October

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Market Snapshot

The dollar fostered sufferers on Monday, edging away from a nearly 2-week low against a basket of currencies marked in the last session after poor U.S. jobs data led traders to pare stakes that the Federal Reserve was suspended to trek interest charges as early as present month.

The key nonfarm payrolls note demonstrated that employers added only 142,000 jobs previous month, declining far short of economists' agreement hope for an increase of 203,000 jobs, according to a Reuter’s poll. Moreover, the August figures were revised sharply lesser.

That increased worries that the U.S. wealth was healthy enough to justify the Fed's long-awaited interest charge boost, which will be the primary since 2006.The dollar index, which follows the greenback against a basket of 6 major currencies, slide to 95.218, its minimum range since September 21. It previous stood at 95.887, gain about 0.1%.

Rising market currencies picked on Friday as US posted poor than anticipated payrolls records, leaving shareholders in dilemma whether the Fed would be able to increase US interest charges present year with is widely expected. The currencies of Brazil, Chile and Colombia picked most than 1 Per cent as views that US charges may stay low for longer spurred appetite for higher-yielding rising market assets.

US nonfarm payrolls increased by 142k previous month, slighter than the hope of 203k, while Aug. figures were revised sharply lesser to demonstrate only 136k jobs were created that month as against the upward improved. The Average hourly earnings were flat m/m and the labor force participation rate chop to just 62.4 Percent, drop from 62.6 Percent in August. The joblessness charge was unmoved at 5.1 Per cent, in streak with predicts. The note underscored worries that a delay in worldwide financial development has increase to the US wealth and provoked shareholders to push back hopes on the timing of and firstly charge trek by the Fed to early 2016.

In futures markets, shareholders located just a 2 Per cent probability of a Fed charge raise at its policy meeting October. 27-28. the probability of a move in Dec. shifted drop to 29 Per cent, from more than 40 Per cent previous present week. Rupee also valued at DGCX on Friday after this numbers and is anticipated to open at 65.60 ranges. Meanwhile, this morning yen trade somewhat against the dollar after Japan posted lesser than anticipated services PMI numbers and also wages records came in beneath hope but still marking a grow.

Thursday, October 1, 2015

Indian Stock Market Reviews 01 October

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A day after the Indian Stock market saw an important charge of bulls; the Nifty is expected to open in the positive and more significantly, in the mental 8000 mark. The SGX Nifty, and gauge of the market opening, was trading at 8018, gain 42 points at 7:20.The BSE Sensex on Wed. risen 376.17 points or 1.46% to 26154.83 and the NSE Nifty rallied 105.60 points or 1.35% to 7948.90.

Back home, IDFC would be in spotlight today as the firm would begin its general banking operations today. Its stocks would buy and sell excluding bank business from today. A 1-hour window amid 9-10 am is given for cost discovery. IDFC bank stocks would be allotted to investors on Oct. 9 and are expected to be scheduled by Nov. 6.

Also, in front of the earnings season, HCL Tech issues a profit warning once again. It has said forex variation would strike revenues in the Q2 of this financial. The firm has also set aside USD 20 million dollars to stay a dispute with a client.


Worldwide signs too are expected to sustain today's increases with the US markets having rallied more than 1.5% on optimistic signs. The Dow Jones industrial average closed gain 235.57 points while the S&P 500 rallied 1.9% to end at 1,920, after opening beneath the sensitively key 1,900 range. European markets too finished sharply upper on Wed. with the pan-European STOXX 600 expanding increases by the end, finishing gain 2.4%. However, the index closed Sept. drop nearly 3% on the month. Closer home, the Asian markets picked on a optimistic handover from Wall Street. However, concern continued as the overall opinion in front of the publish of key data from China.

In other asset classes, major currencies stayed in familiar levels in front of key US jobs records tomorrow. Crude rates increased slightly on doubts about Russian air-strikes in Syria.And precious metal gold rates were trading beneath USD 1120 an ounce as the market awaits simplicity on the timing of US interest charge increase.


India is yearly infrastructure output development gained up in August to 2.6 Per cent from a year ago, mainly driven by upper cement and electricity generation, government records demonstrated on Wednesday.

India's fiscal deficit for April-August was Rs 3.69 lakh crore, or 66.5% of the full-year goal of Rs 5.56 lakh crore. The fiscal deficit was Rs 3.98 lakh crore in the same time a year ago, on 75% of the FY15 target.

Wednesday, September 30, 2015

Indian Stock Market Reviews 30 September

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Key benchmark index extended yesterday's grows activated by the (RBI) releasing a steeper -than-expected 50 basis points reduce in the repo charge yesterday, 29 Sept. 2015. After a healthy begin, markets have trimmed increases with nifty falling beneath the 7,999 mark as banking shares and oil stocks come under stress among fall in the crude oil rates and ongoing crisis in China. Meanwhile, RBI shock repo charge reduce of 50 bps along with health in the Asian peers have topped the weakness.

Markets have commenced the session on an upper note following optimistic worldwide signs.

Further, markets have extended yesterday's increases activated by the RBI releasing a steeper-than-expected slash in the policy repo charge below the liquidity adjustment facility by 50 basis points to 6.75 Per cent at its 4th bi-monthly financial policy assess for the year 2015-16 yesterday. The market width signifying the overall strength of the market was strong. On BSE, 973 stocks picked and 207 stocks chop. A total of 27 stocks were unmoved. The BSE Mid-Cap index was upbeat 1 Per cent. The BSE Small-Cap index was positive 0.94 Per cent. Both these index outperformed the Sensex.


We could observe in the over graph of Amara Raja Batteries which was in a falling drift from last various trading sessions after registering it is all time high of 1128 and in the previous 2-3 days it appears that the share is now coming out of its bearish area and viewing a optimistic up move and is bracing itself to be in the bullish drift in front. Presently it is trading over 50 Days DMA which is a decent sign. And therefore we expect that this phase would maintain in the upcoming trading session. The everyday graph now depicts a Bullish drift with a humble grow in volumes. Further, the momentum gauge like, the ‘RSI-Smoothened’ has signaled a optimistic crossover in the everyday graphs. Hence, we suggest buying the share at 1015-1020 for the upside target of 1080 for an upcoming 3-4 weeks and keeping the SL beneath 976. (Report by Swastika Investmart Stock Broking companies)

Shares News

Maruti Suzuki is anticipated to cues a re-worked state sustain contract with the Gujarat government after an scheduled dip from its marginal investors that would permit Japanese parent Suzuki Motor Corporation to run the upcoming plant in Hansalpur. Maruti Suzuki is gain almost 2 Per cent.

 Sun Pharma declared that it has commenced a tender offer through its indirect entirely owned subsidiary, Thea Acquisition Corporation, for all of the outstanding stocks of general share of In Site Vision Incorporated for $0.35/stock in cash, without interest and less any required withholding taxes.

Tata Motors are gain over 1 Per cent. Standard & Poor's Ratings (S&P) today altered view on India-based automaker Tata Motors Ltd (TML) from "upbeat" to "steady".

Hero MotoCorp has unveiled 2 scooter models, developed on its own, as it aspires to merge its position in the quick rising section. Stocks of Hero Moto have picked 0.5 Per cent.

Global News

In abroad markets, most Asian shares bordered upper taking heart from a late-in-the-day rally in US shares. US shares closed frequently upper yesterday, 29 Sept. 2015 as a stronger-than-expected reading on consumer confidence and growing house rates pointed to a stronger US wealth. In financial records, a review of consumer confidence increased in Sept. to the 2th maximum range since the close of the Great Recession, bettered only by a somewhat upper reading in Jan. The privately run Conference Board said its index of consumer poise risen to 103 in Sept. from an altered 101.1 in August. Another records demonstrated that US house rates increased 0.6 Per cent in July, according to the S&P/Case-Shiller housing index.