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Showing posts with the label Market captains

Gold hovers near five-week lows as firm dollar, trade optimism dent appeal

Spot gold was up 0.2 percent to $1,288.46 per ounce as of 0552 GMT, after slipping to $1,282.50 in the previous session, its lowest since Jan. 25. Gold prices were steady on Tuesday, trading near five-week lows touched in the previous session, as a firmer dollar and optimism over a likely U.S.-China trade deal dented the safe-haven appeal of the precious metal. Spot gold was up 0.2 percent to $1,288.46 per ounce as of 0552 GMT, after slipping to $1,282.50 in the previous session, its lowest since Jan. 25. U.S. gold futures also advanced 0.2 percent to $1,289.80 per ounce. The dollar, against a group of six major currencies, was trading close to its two-week high of 96.816 posted in the previous session. "People are more comfortable in moving out of safe-haven assets and gold is coming under pressure from that," said Jeffrey Halley, Senior Market Analyst at OANDA. "A lot of money was parked in gold at the start of the year, waiting for clarity on t...

Apple AirPods 2 to release on March 25 with new design, features: Report

According to XDA Developers writer Max Weinbach, the AirPods 2 would have a number of new features that includes full wireless charging within 15 minutes. There have been several reports online about the AirPods 2 and the specifications that it would have. A new report suggests that Apple will release the second generation wireless earbuds on March 25 with many new features. According to XDA Developers writer Max Weinbach, the AirPods 2 would have a number of new features that includes full wireless charging within 15 minutes. He stated that the speed of fast wireless charging includes the AirPods case and the wireless earbuds. However, to achieve the results, Weinbach stated that the case would be bigger and heavier. If the claim were valid, it would be a considerable improvement since the first generation AirPods already have a battery life of five hours plus 24 hours back up in the case. Weinbach further added that Apple would stick to Qi standards f...

Coal India gains as Jefferies sees 44% upside on cheap valuations

The stock price fell 26 percent in the last 6 months on volume growth concerns. Hence, the valuation appears cheap at current levels, Jefferies said. Coal India shares gained nearly a percent intraday Tuesday after global brokerage house Jefferies has a buy rating on the stock with a price target at Rs 309, implying a 44 percent potential upside from November 25's levels. The stock price fell 26 percent in the last 6 months on volume growth concerns. Hence, the valuation appears cheap at current levels, it said. Now the resolution of short term disruptions and recent environment clearance approval could lift volume growth, according to the brokerage house which beliefs with power plant coal stocks normalizing, e-auction mix should improve. Operating leverage gains should keep costs stable, it said. At 11:41 hours IST, the stock was quoting at Rs 215.15, up Rs 0.70, or 0.33 percent on the BSE. For more trading tips find  top 10 stock advisor...

Soybean prices to trade sideways to lower

According to Angel Commodities, NCDEX Mar Soybean futures closed for the 5th consecutive week amid profit booking by the market participants on higher off-season arrivals and higher production forecasts. Angel Commodities' report on Soybean NCDEX Mar Soybean futures closed for the 5th consecutive week amid profit booking by the market participants on higher off-season arrivals and higher production forecasts. As per the latest press release by SOPA, India’s soybean output is higher by38% at114.8 lakh tonnes this year due to an increase in average yield across the country. Demand for Indian soy meal is growing from Europe and West Asia while Iran is emerging as one of the largest buyers. Soy meal exports up by 98% on year in January to 210,166 tonnes, as per SEA press release. Overall, Soy meal exports are higher by 16% at 10.66 lakh tonnes for the Apr-Jan period compared to last year. Soy meal exports from India are expected to rise 25% on year to around 15 lakh in 2...

Undertone for prices of spices bearish; technical bounce back possible

After a significant fall, a technical bounce cannot be ruled out, but the undertone for the spice complex remains bearish amid the peak arrival period ahead. Harvesting of rabi crops has sped up this month and arrival pressures (at mandis) are building gradually across market yards in India. Accordingly, prices of many rabi commodities have plunged citing pressure during the peak arrival period (March-April). Spices, in particular, have been trending lower for the past one month with turmeric losing around 7% while the falls in jeera and coriander were off 10-12%. Harvesting of jeera has been delayed due to late sowing. Arrivals in February may be around 1-1.25 lakh bags (1 bag=55kg) this season compared to approximately 4 lakh bags in the corresponding period last year. Despite lower arrivals, we don't see any upswing in prices considering that stocks are adequate. Physical stocks of jeera in markets are much higher than last year. Meanwhile, the per-hectare...

Brokerage Calls: Nomura positive on corporate banks, CLSA raises target for Shree Cements

Nomura said it has a Buy rating on ICICI Bank, Axis Bank and State Bank of India We have collated a list of recommendations from various global brokerage firms for February 21. L&T | Brokerage: Morgan Stanley | Rating: Overweight | Target: Rs 1,786 L&T's Q4 orders are tracking well, according to Morgan Stanley. "Guidance implies inflows of Rs 49,000 crore in Q4. Order inflows ex-services are at Rs 41,300 crore," the brokerage said in a research note. Dr . Reddy's Laboratories   | Brokerage: Morgan Stanley | Rating: Overweight| Target: Rs 3,197 The company remains at a risk because of the underlying court case, Morgan Stanley said. Gujarat State Petronet | Brokerage: HSBC | Rating: Reduce | Target: Rs 138 The brokerage slashed the stock's target price to Rs 138 from Rs 152, keeping the Reduce rating."The decline in gas volumes may lead to reduced profitability next year," HSBC said. Nomura on Banks Nomura said it has...

शेयर बाजार का बादशाह राकेश झुनझुनवाला

शेयर्स मार्केट में इन्वेस्टमेंट करने से लोग अक्सर डरते है। बहुत से लोगो ऐसा मानते है की शेयर्स मार्केट(Stock Market) ऐसा क्षेत्र है जहा लोग अपना पैसा बर्बाद कर देते है। पर इसी भारतीय सोच को दूर कर कुछ लोग इस क्षेत्र में पैसो के साथ बहुत बड़ा नाम कमा रहे है, इनमे से एक है। – राकेश झुनझुनवाला जो लोग इन्वेस्टमेंट या शेयर बाज़ार की दुनिया से वाकिफ है वह इस नाम को बखुब ही जानते होंगे। राकेश झुनझुनवाला शेयर बाजार में काफी सालो से काम कर रहें है और इस क्षेत्र में उनका नाम बहुत आदर से लिया जाता है। काफी कम पैसो से उन्होंने अपने करियर की शुरवात की थी और कुछ सालो में अपनी अप्पर मेहनत और असामान्य बुद्धिमत्ता से बहुत बड़ा व्यापर खड़ा किया। और आज उन्हें शेयर बाजार में काम करने वाले लोग अपना गुरु मानते है। राकेश झुनझुनवाला को अक्सर Indian   Warren Buffet  (वारेन बुफे) भी माना जाता है। राकेश झुनझुनवाला एक भारतीय निवेशक और व्यापारी है। उन्होंने चार्टर्ड अकाउंटेंट की पढाई की है। और उनकी कंपनी रेयर एंटरप्राइज को एक सहयोगी की तरह संभाल कर रखा है। उनके investment जगत के ज्ञान...

Gold range bound as dollar caps gains; investors eye trade talks

Investors are also awaiting further developments from ongoing U.S.-China trade talks before making any big moves. Gold traded in a tight $3 range on Friday as concerns over an economic slowdown supported prices for the safe-haven metal and a firm dollar kept a lid on gains. Investors are also awaiting further developments from ongoing U.S.-China trade talks before making any big moves. Spot gold was steady at $1,312.56 per ounce as of 0419 GMT, while U.S. gold futures were up 0.1 percent at $1,315.40. "Uncertainties around Brexit and trade talks and strengthening of the dollar are capping gold prices," said Brian Lan, managing director at dealer GoldSilver Central in Singapore. "Until there is a resolution to these global concerns we might see gold prices range-bound between $1,305 and $1,326." The dollar measured against six of its peers was up 0.1 percent at 97.04, after weakening by 0.12 percent in the previous session. Two White Hous...

PNB Gilts rises 15% as co posted profit in Q3

Revenue was up at Rs 202 crore against Rs 44 crore. PNB Gilts shares rose 16 percent intraday Thursday after the company reported a net profit in the quarter ended December 2018. It has posted a profit of Rs 93.3 crore in Q3FY19 against loss of Rs 36 crore, YoY. Revenue was up at Rs 202 crore against Rs 44 crore. The share touched its 52-week high Rs 40.40 and 52-week low Rs 24.00 on 09 April 2018 and 01 October 2018, respectively. Currently, it is trading 24.38 percent below its 52-week high and 27.29 percent above its 52-week low. At 14:30 hrs PNB Gilts was quoting at Rs 32.65, up Rs 3.30, or 11.24 percent on the BSE. Do something different, now what? You can find  Best Stock Market Advisory in Indore  for daily share market recommendations.

Equitas Holdings falls 2% as board to consider scheme of arrangement on Feb 1

A board meeting is scheduled for February 01, 2019 to consider a composite scheme of arrangement. Shares of Equitas Holdings shed 2 percent intraday Tuesday as company board is going to consider a scheme of arrangement for a listing of Equitas Small Finance Bank. It has touched an intraday high of Rs 123.15 and an intraday low of Rs 114.40. A draft composite scheme of arrangement to be entered between Equitas Holdings , Equitas Small Finance Bank and their respective shareholders is being placed for consideration of the board in its meeting scheduled on February 01, 2019. At 12:06 hrs Equitas Holdings was quoting at Rs 115.25, down Rs 1.60, or 1.37 percent on the BSE. The share touched its 52-week high Rs 173.40 and 52-week low Rs 78.00 on 18 May 2018 and 26 October 2018, respectively. Currently, it is trading 33.54 percent below its 52-week high and 47.76 percent above its 52-week low. For more trading tips find  top 10 stock adv...

Rupee gains 21 paise in early trade to 70.96 per US dollar; 10-year govt bond yields up

Rupee vs US dollar:  The Indian rupee today opened at 70.96 per US dollar, up 21 paise from the previous close, data available with the Bloomberg website showed. Market Tips and recommendations Follow  Marketcaptains Rupee vs US dollar:  The Indian rupee gained as much as 21 paise in the early morning trade on Monday to 70.96 per US dollar from the previous close of 71.17 per US dollar. The domestic currency today opened at 70.96 per US dollar, up 21 paise from the previous close, data available with the Bloomberg website showed. At 9:30 AM (IST), the domestic currency was trading at 71.07 per US dollar, up 9 paise from the previous close of 71.17 per US dollar, after touching an intraday low of 71.08 per US dollar and an intraday high of 70.96 per US dollar, data showed. On Friday, the rupee fell by 10 paise to close at 71.17 amid rising demand for the US currency from exporters and heavy selling in domestic equities. ...

Gold futures fall 0.20% on weak global cues

In futures trading at the Multi Commodity Exchange, gold for delivery in far-month April was trading lower by Rs 63, or 0.20 percent, to Rs 32,185 per ten grams in a business turnover of 105 lots. Taking weak cues from global markets, gold prices fell by 0.20 percent in futures trade on Thursday as speculators engaged in reducing their holdings. In futures trading at the Multi Commodity Exchange, gold for delivery in far-month April was trading lower by Rs 63, or 0.20 percent, to Rs 32,185 per ten grams in a business turnover of 105 lots. In a similar fashion, the February contract of gold fell by Rs 50, or 0.16 percent, to Rs 32,090 per 10 grams in a business volume of 668 lots. Analysts said offloading of positions by participants, tracking a weak trend overseas, led to the fall in gold prices at futures trade here. Gold prices fell 0.09 percent to $1,282.10 an ounce in New York. For more trading tips find Best top 10 advisory company in Indore...

'Dabur, Axis Bank among 5 stocks that could return up to 15% in a month'

On the upside, the index has resistance zone in the region of 10840-10870 levels. But, crossing above 11000 levels on a sustainable basis will confirm the uptrend. For the last four weeks, Nifty is witnessing narrowing of trading range forming a short-term symmetrical triangle pattern and it has also completed 5-wave structure. For more   Stock market  information Thus, we expect a breakout soon. On the downside, if the index starts to trade below 10,692 then we expect the decline towards 10,628. Going below 10,628 would confirm a breakdown and the index can see decline towards 10,425. On the upside, the index has resistance zone in 10,840-10,870 bracket. But, crossing above 11,000 sustainably will confirm the uptrend. In Nifty options, maximum open interest for Puts is seen at strike price 10,500 followed by 10,000; whereas for Calls it is seen at strike price 11,000 followed by 10,900. A further rise in VIX above 17 will be negative for the market. It need...