Natural Gas Oct Mcx Utilize the bounce for fresh shorts at 176 levels – Way2Wealth

Natural Gas

This gallery contains 1 photo.

Natural Gas MCX Oct Natural Gas futures shed almost 2.25% in the past session by forming a “bearish engulfing” candlestick pattern on daily charts. This signifies for further weakness in the counter towards 170 & 167 levels. Hence, any bounce can be utilized to create shorts at 175 levels. Sell…

Continue reading

Rupee advance after RBI cut its key lending rate – Sharekhan

RBI

This gallery contains 1 photo.

Source: Sharekhan USD-INR: The Indian rupee appreciated by 0.12 percent in yesterday’s trading session on likely FII inflows into domestic market after RBI cuts its key lending rate by 50bps and lowered its inflation outlook. RBI cuts its benchmark policy rate by 50 bps to 6.75% from 7.25%. RBI governor…

Continue reading

Update On Akzo Nobel India Ltd – Sharekhan

Akzo Nobel India

This gallery contains 1 photo.

Source: Sharekhan   Key points * Margin expansion as anticipated but volume growth lags expectations: We had recommended with a positive view on the stock of Akzo Nobel India, primarily on hopes of better recovery in demand coupled with potential improvement in margins (supported by softening raw material prices) which…

Continue reading

The Base Metal prices except Copper and Lead traded higher – Angel Commodities Pvt Ltd

Base Metal

This gallery contains 1 photo.

Bullion Gold Spot gold prices declined by 0.4 percent yesterday to close at $1127.1 per ounce as stronger U.S. economic reports renewed speculation about higher interest rates thereby hurting investor appetite in the haven asset. The Conference Board said its index of consumer confidence rose to 103.0 in September from…

Continue reading

Market Mantra: The Money Daily – September 30, 2015

Market Mantra

This gallery contains 1 photo.

Market Mantra   Rajan rocks! Market may roll ahead   The Indian stock market bucked the negative trend globally rallying into positive zone as the RBI gladdened the street with a 50 bps cut in Repo rates. Sharp fall in inflation to a 9-month low, contained food inflation due to reasonably…

Continue reading

Buy Voltas Ltd For Target Rs.350 – Motilal Oswal Securities Ltd

Motilal Oswal Securities

This gallery contains 1 photo.

Source: Motilal Oswal Securities Limited Medium-term prospects intact Growth in air conditioners to rebound; air coolers a new opportunity * A short summer impacted VOLT’s air conditioner volumes in 1QFY16, but this is only transitory. We expect medium-term growth to sustain at 10-15% per annum. * Our interactions with dealers…

Continue reading

The MCX gold prices are expected to trade sideways – Angel Commodities Pvt Ltd

MCX gold prices

This gallery contains 1 photo.

Gold Spot gold prices declined by 1.24 percent on Monday to close at $1131.7 per ounce extending Friday’s losses ahead of a key U.S. jobs report later in the week that could boost bets the U.S. Federal Reserve will raise interest rates this year. Prices extended Friday’s declines made after…

Continue reading

Market Mantra: The Money Daily – September 29, 2015

Market Mantra

This gallery contains 1 photo.

Market Mantra Crash at start! RBI in focus   The October series has started on a cautious note. Mixed economic data from the US, slowing economic growth in China and a selloff in biotech stocks has sent ripples across world markets. Indian market too will succumb to the pressure at least…

Continue reading

India IT Services Accenture – Strong Q4 but guidance disappoints – Religare Securities Ltd

Religare Securities

This gallery contains 1 photo.

Source: Religare Securities Ltd Accenture’s (ACN) Q4FY15 revenues of US$ 7.9bn (+12% YoY LC) beat expectations with growth across segments. New bookings were up 6% YoY to US$ 8.8bn. However full-year guidance (FY16) of 5-8% came in below expectations and absence of new bookings guidance is a dampener. The guidance…

Continue reading