• posted by IMV |
  • 16/7/2018

Gold traded higher today amid raising trade tension between U.S and China. President Donald trump further escalated the issues by imposing 10% tariff on 200 billion dollars’ worth of goods import from china. Due to the ongoing issues we have seen a decline in dollar index which boosted demand of safe heaven. Apart from depreciated dollar we have also noticed the rise in U.S treasury 10 years bond yields which further put the curb on U.S dollar...

  • posted by IMV |
  • 16/7/2018

In Godrej Properties, we have been seeing a strong uptrend since 2017 from the bottom levels. From the developments of the daily chart, a double-top pattern has been formed. Recently, the neckline of the pattern got breached to the downside at 700 levels. Now, we are expecting a sharp downside panic in the stock till 495 levels. The stock might take a support of 650 levels in coming days, break and sustain below 650 will take it down...

  • posted by IMV |
  • 16/7/2018

Soybean futures prices likely to trade on weaker note as USDA monthly supply and demand estimation report which increased global production and inventory projection substantially. Increased production estimates for US and Brazil is likely to keep global production higher in year 2018-19. USDA estimated soybean production Brazil at 120.5 million tonnes wherein production in US is projected at 117.30 million tonnes compare to 116.48 million tonnes...

  • posted by IMV |
  • 16/7/2018

The Indian rupee traded with small gain and loss against the dollar as shrugging off weaknesses in emerging market currencies amid a suspected intervention by the Reserve Bank of India that helped dampen excess dollar demand in the market. India’s factory output growth slowed to a seven-month low in May while retail inflation quickened to a five-month high in June, signalling a worsening macro-economic environment. Last week data released by the...

  • posted by IMV |
  • 16/7/2018

Economic Times● LIC board to meet tomorrow to finalise IDBI Bank stake buy● FPIs withdraw Rs 1,200 cr from debt market so far in July● Lodha Developers may launch IPO this month to raise Rs 5,500 crore● Money in Swiss banks: India moves to 73rd place, UK remains on top● FDI in services sector slumps 23% in 2017-18Business Standatd● Govt may seek extension of deadline for PSBs on minimum public float norm● Dr Reddy's to appeal US court decision on...

  • posted by IMV |
  • 16/7/2018

Nifty 11018/Sensex 36541/ Bank Nifty 2693523 Advances / 27 Declines/ 0 UnchangedSensex, Nifty settle with small lossesKey benchmark indices settled with small losses in a volatile session of trade. The barometer index, the S&P BSE Sensex, fell 6.78 points or 0.02% to settle at 36,541.63. The Nifty 50 index fell 4.30 points or 0.04% to settle at 11,018.90. Volatility was high as stocks reacted to inflation data that rose less than expected...

  • posted by IMV |
  • 13/7/2018

Gold traded lower today amid higher inflation data from U.S turned up in the market which further supported the dollar and put a cub on dollar dominated asset. The higher inflation data daunted the sentiments of market participants as it might lead to an interest rate hike in upcoming FED meeting. The market participants are eyeing on the meeting to further gauge the scenario. On the other hand, ongoing trade war between America and china might...

  • posted by IMV |
  • 13/7/2018

Mentha oil future are expected to maintain its positive tone for the week on strong buying interest. Bullish demand outlook from domestic market as well as exporters due to depreciating INR against USD is supporting the uptrend. Spot markets are also witnessing strong consumption demand amid restricted supplies. Bumper crop harvest has been discounted in the market and market is moving upwards on rising demand from end users.Guar seed futures...

  • posted by IMV |
  • 13/7/2018

The Indian rupee gained marginally against the shrugging off weaknesses in emerging market currencies amid a suspected intervention by the Reserve Bank of India that helped dampen excess dollar demand in the market. India’s factory output growth slowed to a seven-month low in May while retail inflation quickened to a five-month high in June, signalling a worsening macro-economic environment. Data released by the statistics department showed the...

  • posted by IMV |
  • 13/7/2018

Economic Times● June inflation climbs to 5%, factory output growth slips● As ‘foreign’ economic advisers leave, a protectionist India returns● Reliance Industries market cap hits $100 billion, shares surge 6%● RBI says fiscal position of states is under pressure again● With US trade under a cloud, China opens to Indian pharmaBusiness Standatd● 1,000 NPA accounts under scanner in ICICI Bank probe● Govt raises threshold for filing tax appeals to...