Today's Base Metals News : 15.11.2019

Today's Base Metals News : 15.11.2019

Join Whatsapp 9841986753 
Whatsapp Number : 91-9094047040 / 91-9841986753


Nickel 

* Nickel futures on Friday declined by Rs 4.10 at Rs 1,117.10 per kg due to reducing of positions by speculators amid sluggish demand at the spot market.

* On the Multi Commodity Exchange, nickel contracts for November delivery fell by Rs 4.10, or 0.37 per cent, at Rs 1,117.10 per kg with a business turnover of 6,564 lots.

* Similarly, nickel contracts for December delivery fell by Rs 5, or 0.45 per cent, to Rs 1,108.20 per kg in 89 lots.

Lead

* Lead prices on Friday drifted lower 0.23 per cent to Rs 154.65 per kg in futures market as speculators cut bets on low demand.

* On the Multi Commodity Exchange, lead for delivery in November fell by 35 paise, or 0.23 per cent, to Rs 154.65 per kg in 384 lots.

* Likewise, the metal for delivery in December shed 10 paise, or 0.06 per cent, to Rs 155.40 per kg in 5 lots.

* Analysts said off-loading of positions by participants owing to slackened demand from consuming industries in the physical market mainly influenced lead prices at futures trade.

Aluminium

* Aluminium prices on Friday fell 50 paise to Rs 131.15 per kg in futures trade as participants trimmed positions tracking a weak trend at spot market on sluggish demand.

* At the Multi Commodity Exchange, aluminium for November delivery eased by 50 paise, or 0.38 per cent, to Rs 131.15 per kg in a business turnover of 863 lots.

* Similarly, the metal for December delivery weakened by 60 paise, or 0.45 per cent, to Rs 133.05 per kg in 81 lots.

Zinc

* Zinc prices on Friday rose 0.23 per cent to Rs 193.45 per kg in futures trade, tracking a firm trend in physical market on the back of uptick in demand.

* On the Multi Commodity Exchange, zinc for November contracts was trading higher by 45 paise, or 0.23 per cent, at Rs 193.45 per kg with a business turnover of 1,829 lots.

* Marketmen said zinc prices rose as participants raised bets following a pickup in demand from consuming industries.

Copper

* Copper prices on Friday traded up by Rs 1.35 at Rs 438.85 per kg in futures trade on pick-up in spot demand.

 *On the Multi Commodity Exchange, copper contracts for November delivery traded higher by Rs 1.35, or 0.31 per cent, to Rs 438.85 per kg in a business turnover of 2,230 lots.

* Similarly, the metal for delivery in December edged up by Rs 1.25, or 0.28 per cent, to Rs 443.80 per kg in 78 lots.

Today's Commodity News : 15.11.2019

 Today's Commodity News : 15.11.2019

Join Whatsapp 9841986753 
Whatsapp Number : 91-9094047040 / 91-9841986753


Outlook: Bullions

The near term fundamental outlook is likely to remain influenced by the development in U.S. – China trade deal. If both countries hammers out so called “phase one” deal than prices might lost their glitter as safe haven but in case of no deal, demand for metal as alternative assets or safe haven will remain intact with taking prices to new highs. Apart from this trade deal factor, upbeat U.S. economic numbers undercut the possibilities of further rate cut which will also act as fresh headwinds for non-yielding assets like gold.

Outlook: Basemetals

Following the ongoing fundamental developments, near term sentiments are likely to remain mixed and will be largely depend on progress in U.S. – China trade deal. However, we believe outlook seems to remain faltered, not just because of any meaningful conciliation in trade deal but also on the barrage downbeat economic release from China – the biggest consumer of base metals. Moreover, ongoing political unrest in Hong Kong also cast dark clouds on sustained economic growth in region.

Outlook: Energy

 Oil traders are eagerly waiting for monthly oil reports from IEA which is due to be released today. Moving ahead, development in trade deal between U.S. and China will also emerge as decisive factor to lead fresh direction to oil prices. Currently we believe prices will remain influenced by economic outcomes from U.S., the biggest consumer of crude oil, and China. However, the fear of rising oil production from U.S. on shale oil boom will probably keep sentiments suppressed.

GBPINR : Fundamental View : 15.11.2019

GBPINR : Fundamental View : 15.11.2019


* GBP increased against USD by 0.25 percent yesterday while GBPINR appreciated by 0.01 percent.

* The Bank of England Governor Mark Carney, voted to keep the rate at 0.75%, they signalled that a further deterioration could see more  policy makers support easing. CPI from UK came in at 1.5 percent for Oct’19 against market expectations of 1.6 percent. According to the official data, UK Retail Sales fell by 0.1% MoM in October and increased by 3.1% yearly basis, both missing the market’s expectations.

GBPINR is expected to move sideways in today’s session.

EURINR : Fundamental View : 15.11.2019

EURINR : Fundamental View : 15.11.2019


* EURINR appreciated by 0.14 percent yesterday while EURINR appreciated by 0.08 percent the same time frame.

* Germany released the November ZEW survey on Economic Sentiment, which came in at -2.1, much better than the previous - 22.8 and the expected -13. German GDP data came in at 0.1 percent
against expectations of -0.1 percent. CPI from France came in at 0 percent for Oct’19 against market expectations of -0.1 percent.

EURINR is expected to move sideways in today’s session.

USDINR : Fundamental View : 15.11.2019

USDINR : Fundamental View : 15.11.2019


* Indian Rupee appreciated by 0.26 percent yesterday while the Dollar index decreased by 0.21 percent during the same time frame. Meanwhile, India’s factory output shrinks to 4.3 percent for Sep’19 the lowest in last eight years. CPI from India came in at 4.62 percent which is higher than RBI’s medium target of 4 percent.

* Donald Trump said that trade talks with China were moving along “very nicely” but the United States would only make a deal with Beijing if it was the right one for America. Meanwhile, Federal
Reserve Chairman Jerome Powell in his latest testimonial stuck to his view that interest rates are probably on hold after three straight reductions, while signaling that the U.S. central bank could resume cutting if the growth outlook falters.
- CPI from US came in at 0.4 percent against market expectations of 0.3 percent for Oct’19. PPI from US came in at 0.4 percent for Oct’19 against market
expectations of 0.3 percent.

USDINR is expected to move sideways in today’s session

USDINR Strategy : 15.11.2019

USDINR Strategy : 15.11.2019



Economic Indicators : 15.11.2019

Economic Indicators : 15.11.2019


Today Equity Trending News - 15.11.2019

Today Equity Trending News - 15.11.2019

KEEP REFRESH FOR NEXT UPDATE 




* STATE BANK OF INDIA: The executive committee of the bank's central board of directors on Thursday approved selling up to 4% stake in SBI Cards and Payment Services, through the sale of 37.29 mln shares in the initial public offering of the arm.

* Bank stocks surge after Supreme Court's order on Essar Steel insolvency
State Bank of India (SBI), which has an exposure of more than ₹13,600 crore to Essar Steel, jumped 5% on BSE in early trade
ICICI Bank, which has an exposure of over ₹2,500 crore, jumped nearly 2%

* Steel stocks rebound from SC order in Essar Steel insolvency case

Jindal Steel and Power fell to ₹139.95, only to retrace the losses and trade nearly 1% up at ₹141
Overall, BSE Metal index was trading 0.3% lower at 9,299.38 points while Nifty Metal was also down by about 0.4%

 Our Blog Information Learning purpose only 
    (Paper Trading Practice for Currency, Equity, Commodity Segment)
Register For Free Equity Tips Trial: http://rupeedesk.in/rupeedeskfree-calls 

EURINR : Technical View : 15.11.2019

EURINR : Technical View : 15.11.2019


* EURINR closed negatively falling by –0.31% during it’s
Thursday session.

* On the daily chart, after rising for three consecutive days
the pair has witnessed a profit booking.

* But, the pair is trading above it’s Daily 200 EMA which
indicates strength in the pair for the near term.

* Moreover, a momentum indicator RSI (14) has sustained
above it’s 50 level which indicates bullishness in the pair.

* So based on the above technical structure, we expect a
bullish move in EURINR towards 79.46 level.

GBPINR : Technical View : 15.11.2019

GBPINR : Technical View : 15.11.2019


* GBPINR closed negatively falling by –0.26% during it’s
Thursday session.

* On the daily timeframe GBPINR has formed a series of
higher highs and higher lows.

* The pair is currently trading above it’s previous swing highs,
which can act as a great support in the near term.

* The pair has also sustained above it’s 50*200 days EMA,
which is a positive sign for the pair.

* So based on the above technical structure, we expect bullish move in GBPINR future towards 92.70 level. 

JPYINR : Technical View : 15.11.2019

JPYINR : Technical View : 15.11.2019


* During it’s Thursday session JPYINR closed positively with a
gain 0.18%

*On the daily chart, the pair has sustained above it’s falling
trendline.

*Moreover, the pair is trading above it’s 50EMA and 200EMA

* Additionally, a momentum indicator RSI (14) has sustained
above it’s 50 level.

* So based on the above technical structure, we expect bullish
move in JPYINR towards 66.55 level.

USDINR : Technical View : 15.11.2019

USDINR : Technical View : 15.11.2019


* The USDINR pair during it’s Thursday session closed negatively
at –0.16%.

* But, On the daily chart the pair is trading above it’s 50EMA and
200EMA.

* Moreover, the pair is trading above it’s Ichimoku cloud indicating bullish strength in the pair.
Additionally, a momentum indicator RSI (14) has shown is
above it’s 50 level confirming power to the bulls.

* Hence, we expect bullish move in USDINR future towards 72.20
level.

Diamond : Technical View : 15.11.2019

Diamond : Technical View : 15.11.2019



* On the daily chart, the price closed with negative note during the last session.

* Moreover, It has also moved above the 21*50 days SMA’s and Parabolic Sar, which
signifies bullish strength for short term.

* Furthermore, the price has sustained above the Falling Trendline, which adds support in the
counter.

* Momentum indicators RSI(14) has shown positive crossover, which indicates bullishness.

* With these technical analysis; we expect bullish move on the counter.


Rubber : Technical View : 15.11.2019

Rubber : Technical View : 15.11.2019


* On the daily chart, the price has closed with negative note in the previous session.

* However, the price has taken the support from the Horizontal Trendline, which may
support the counter.

* Moreover, It has also moved above the 21*50 days SMA’s and Parabolic Sar, which
supports for short term.

* Momentum indicators RSI(14) has shifted at oversold region, which could cap the more
selling in the counter.

* With these technical analysis; we expect bullish move on the counter.

Naturalgas : Technical View : 15.11.2019

Naturalgas : Technical View : 15.11.2019


* On the daily chart, the price glittered 3.92% in the last session.

* Moreover, the price has sustained the 38.6% retracement level of it’s prior up trend, which
indicates bullish strength in the counter.

* Also, It has shifted above the 50*200 days SMA’s, which signifies bullish strength.

* Momentum indicators RSI(14) has been moving at the level above 50, which adds more
bullishness.

* With these technical analysis; we expect bullish move on the counter.

Crudeoil : Technical View : 15.11.2019

Crudeoil : Technical View : 15.11.2019


* On the daily chart, the price closed with negative note and slipped 0.89% in the last
session.

* However, the price has sustained above the Falling Trendline, which adds support in the
counter.

* Furthermore, It has shifted above the 50*200 days SMA’s, which have witnessed positive
strength for short term.

* Momentum indicators RSI(14) has shown positive crossover, which indicates bullishness.

* With these technical analysis; we expect bullish move on the counter.

Nickel : Technical View : 15.11.2019

Nickel : Technical View : 15.11.2019


* On the daily chart, the price drifted 1.52% in the last session.

* Moreover, the price has shifted below the Parabolic Sar, which adds pressure in the
counter.

* Additionally, it has shifted below the 21*50 days SMA’s, which signifies bearish strength for
short term.

* Momentum indicators RSI(14) has shown negative crossover, which indicates bearishness.

* With these technical analysis; we expect moderate bearish move in the counter.

Copper : Technical View : 15.11.2019

Copper : Technical View : 15.11.2019


* On the daily chart, the price slipped 0.56% in the last session.

* Moreover, the price has been trading below the Falling Trendline, which adds pressure in the
counter.

 * Furthermore, It has shifted below the 50*200 SMA’s, which signifies negative strength for
short term.

* Momentum indicators RSI(14) has been moving with negative crossover, which indicates
bearishness.

* With these technical analysis; we expect bearish move in the counter.


Silver : Technical View : 15.11.2019

Silver : Technical View : 15.11.2019


* On the daily chart, the price glittered 0.36% in the previous trading session.

* Moreover, the price has pulled back from the lower Bollinger Band, which adds support in the
counter.

* On the other hand, it has also taken the support from it’s earlier lower swing, which is acting as a support point for the counter.

* Momentum indicators RSI(14) has shown positive crossover, which indicates upside
movement.

* With these technical analysis; we expect bullish move in the counter.

Gold : Technical View : 15.11.2019

Gold : Technical View : 15.11.2019



* On the daily chart, the price shined 0.43% in the previous trading session.

* Moreover, the price has taken the support from the lower line of the Symmetrical Triangle Pattern, which adds support in the counter.

* On the other hand, it has also shifted above the 21*50 days SMA’s, which adds positive strength in the counter for short term.

* Momentum indicators RSI(14) has shown positive crossover, which indicates bullishness.

* With these technical analysis; we expect bullish move in the counter.


Energy Updates : Crudeoil | Naturalgas : 15.11.2019

Energy Updates : Crudeoil | Naturalgas    : 15.11.2019


Crude oil may trade with sideways to upside path. Oil prices posted early gains as OPEC’s outlook for oil demand next year fuelled hopes that the producer group and its associates will keep a lid on supply when they meet to discuss policy on output next month.

Crude oil can move towards 4130 while taking support near 4070. Optimism that the United States and China could soon sign an agreement to end their trade war also seeped into the market after White House economic adviser Larry Kudlow said a deal was “getting close”, citing what he called very constructive discussions with Beijing.

Organization of the Petroleum Exporting Countries (OPEC) said on Thursday it expected demand for its oil to fall in 2020. That supports the view among markets that there’s a clear case for the group and other producers like Russia - collectively known as ‘OPEC+’ - to maintain
limits on production that were introduced to cope with a supply glut.

OPEC+ on Jan. 1 cut output by 1.2 million barrels per day (bpd), and in July, the alliance renewed the pact until March 2020. Crude production rose by 200,000 bpd to a weekly record of 12.8 million bpd, the EIA said in its weekly report. Natural gas can open on negative note as it can test 187while taking resistance near 192.

Basemetals Updates : Aluminium| Copper| Lead |Nickel |Zinc : 15.11.2019

Basemetals Updates : Aluminium| Copper| Lead |Nickel |Zinc   : 15.11.2019


Base metals may trade with sideways bias. Base metals prices in London broadly rose on Friday as signs of progress in the U.S.- China trade talks raised hopes for an interim deal that could help demand for industrial metals.

China and the United States are holding “in-depth” discussions on a first phase trade agreement, and cancelling tariffs is an important condition to reaching a deal, the Chinese commerce ministry said on Thursday.

Copper may recover towards 441 while taking support near 437. Copper stocks on LME-approved warehouses fell to a five-month low, while inventories in warehouses tracked by the Shanghai Futures Exchange (ShFE) picked up last month but are still down 43% from a 2019 peak in March.

While zinc can dip lower as it can test191 while taking resistance near 195. Lead may trade sideways as it can take support near 153 and resistance near 156.

Nickel may dip lower towrads1115 while facing resistance near 1140. Aluminum may dip lower towards 131 while taking resistance near 134.

Aluminum Corp of China Ltd , known as Chalco, is set to make its first shipment from Boffa’s bauxite mine in Guinea by early December, an official from state parent company Chinalco said on Thursday.

Bullions (Gold , Silver) : 15.11.2019

Bullions (Gold , Silver)   : 15.11.2019


Bullion counter may witness some selling pressure at higher levels. Gold can dip lower towards 37850 while facing resistance near 38200 and silver can test 44100 while taking resistance near 44700.

Gold prices fell on Friday as investors' risk appetite was whetted by comments from White House economic adviser Larry Kudlow that the United States is nearing an interim trade pact
with China.

The United States is getting close to a trade agreement with China, White House economic adviser Larry Kudlow said on Thursday, citing what he called very constructive discussions with Beijing.

Gold prices have gained more than 14% this year on uncertainties over the months-long China-U.S. trade war, which has roiled financial markets and prompted fears of a global economic slowdown.

Global sentiment has been hit in recent weeks by conflicting assessments of progress in talks aimed at ending the two countries' trade spat.

Today's Stock News - 15.11.2019: 09.00 Am

Today's Stock News - 15.11.2019: 09.00 Am
KEEP REFRESH FOR NEXT UPDATE 

       தினமும் வீட்டில் இருந்து பணம் சம்பாதியுங்கள்                                           Click Here :- Register for Free Training
Whatsapp Number : 91-9094047040 / 91-9841986753
 RUPEEDESK - SHARE MARKET TRAINING 


* ADANI ENTERPRISES: The Competition Commission of India has approved the acquisition of 23.5% stake in the Mumbai International Airport by Adani Properties.

* BAJAJ AUTO: Austria-based motorcycle manufacturer KTM AG may use the company's iconic 'Chetak' platform to make and market its first electric scooter in India.

* BAJAJ FINANCE: Has raised 3.85 bln rupees through two non-convertible debentures, one maturing on Nov 10, 2022, and the other on Dec 9, 2024.

* COFFEE DAY ENTERPRISES: Private equity firms KKR, TPG Capital and Bain Capital have signed nondisclosure agreements with the company, initiating discussions on buying a significant stake in the group's coffee business.

* CEREBRA INTEGRATED TECHNOLOGIES: Silver Stallion sold 2.3% stake or 2.8 mln shares in the company through a bulk deal on the National Stock Exchange at 19 rupees a share.

* CIPLA: The US Food & Drug Administration has issued a form-483 with four observations to the company's manufacturing facilities in Patalganga, Maharashtra, none of which were repeated or related to data integrity.

* DALMIA BHARAT: Subsidiaries, Dalmia Cement (Bharat) and Dalmia Refractories, have approved schemes of arrangement to consolidate their respective refractory businesses into a single operating entity named Dalmia OCL.

* DEWAN HOUSING FINANCE CORP: The Pune bench of the Debt Recovery Tribunal has stopped the company from making any further payments to any of its unsecured creditors, passing an order on an application filed by Catalyst Trustee, the custodian of the indebted home financier's bond holders.

* DR REDDYS LABORATORIES: Launched a nutrition drink for diabetics called 'Celevida' in India to help manage blood glucose levels.

* FORTIS HEALTHCARE: The Supreme Court on Thursday quashed the proceedings for eviction of the company's wholly-owned subsidiary Escort Heart Institute & Research Centre from its hospital premises at Okhla, Delhi.

* HINDUSTAN COPPER: The board of directors has approved increasing the borrowing limit of the company to 8.5 bln rupees from the current 6.5 bln rupees.

* IDFC: The board of directors has declared interim dividend of 0.65 rupee a share.

* INDIAN OIL CORP: The government plans to reduce its stake in the company to below 51% while ensuring that it and state-run companies retain control.

* INDIAN OVERSEAS BANK: The divergence in gross bad loans reported by the bank and that assessed by the central bank was 3.58 bln rupees as on Mar 31. While the Reserve Bank of India's assessment showed gross bad loans of 337.56 bln rupees, the bank had reported a figure of 333.98 bln rupees.

* INTERGLOBE AVIATION: Amid ongoing feud between the airline's promoters, Chief Executive Officer Ronojoy Dutta has said there is "zero impact" on the carrier right now as they are on the same page over the airline's strategic direction.

* JET AIRWAYS (INDIA): Jet Privilege, the loyalty rewards programme of the airline, has rebranded itself as InterMiles, dropping the name of its bankrupt parent that stopped flying in April due to want of funds. Total claims against the company stood at 360.91 bln rupees as on Oct 20. Of this, the resolution professional, Ashish Chhawccharia, has so far admitted claims worth 146.40 bln rupees.

* MAHINDRA & MAHINDRA: With its flagship auto business suffering heavily from the continuing slowdown, the Mahindra group is going slow on hiring, limiting its headcount addition to select niche segments such as data analytics and machine learning among others.

* MOIL: Will buy back up to 20.28 mln shares at 152 rupees a share, a premium of 3% to Thursday's closing price of 147.55 rupees.

* NARAYANA HRUDAYALAYA: Ashoka Investment Holdings sold 2.5% stake or 5.1 mln shares in the company through a bulk deal on BSE at 285 rupees a share.

* NATCO PHARMA: Has started commercial operations at its finished dosage formulations facility in Visakhapatnam. The facility will primarily cater to the US and other international markets.

* ORCHID PHARMA: The National Company Law Appellate Tribunal has set aside the approval of the resolution plan of Dhanuka Laboratories for the company.

* POWER GRID CORP OF INDIA: The potential asset monetisation exercise of the company could be much lower than the 100 bln rupees expected by the government.

* PUNJAB NATIONAL BANK: The Central Bureau of Investigation will soon file fresh charges in the $2-bln fraud case at the bank and detail how the alleged wrongdoing was carried out.

* RELIANCE HOME FINANCE: Debenture holders of the company may opt for enforcement of securities under public bond issuance as they met with company representatives on Thursday.

* SINTEX PLASTICS TECHNOLOGY: Government Pension Fund Global sold 0.6% stake or 4 mln shares in the company through a bulk deal on the National Stock Exchange at 1.30 rupees a share.

* STATE BANK OF INDIA: The executive committee of the bank's central board of directors on Thursday approved selling up to 4% stake in SBI Cards and Payment Services, through the sale of 37.29 mln shares in the initial public offering of the arm.

* TATA CONSULTANCY SERVICES: Is doubling down on its insurance platform--which has already won more than $5 bln in business in the past two years--and is looking at newer markets in Continental Europe to expand.

* TATA POWER CO: Has raised 2.2 bln rupees through non-convertible debentures maturing on Mar 31, 2028.

* VODAFONE IDEA: Managing Director Ravinder Takkar reached out to the company's 10,000-odd
employees, in his first such video call since taking over, in a bid to calm nerves after a Supreme Court order on adjusted gross revenue left the telecom company facing questions about its future.

 Our Blog Information Learning purpose only 
    (Paper Trading Practice for Currency, Equity, Commodity Segment)
Register For Free Equity Tips Trial: http://rupeedesk.in/rupeedeskfree-calls 

Today's Sector News - 15.11.2019: 09.00 Am

Today's Sector News - 15.11.2019: 09.00 Am
KEEP REFRESH FOR NEXT UPDATE 

       தினமும் வீட்டில் இருந்து பணம் சம்பாதியுங்கள்                                           Click Here :- Register for Free Training
Whatsapp Number : 91-9094047040 / 91-9841986753
 RUPEEDESK - SHARE MARKET TRAINING 


* AUTOMOBILE: The Mahindra group will be "very selective" in its hiring process and not carry out massive hiring, said Prince Augustin, executive vice-president of group human capital and leadership development.

* BANKING: The Reserve Bank of India has released norms for institutions, organisations and associations to secure 'on-tap' financial assistance grant from the depositor education and awareness fund.

* ENERGY: The Organization of the Petroleum Exporting Countries has left its projection for global crude oil demand growth in 2019 and 2020 unchanged for the third successive time.

* TAXATION: The government on Thursday extended the deadline for filing GSTR-9 and GSTR-9C for 2017-18 (Apr-Mar) to Dec 31 and for 2018-19 to Mar 31.

 Our Blog Information Learning purpose only 
    (Paper Trading Practice for Currency, Equity, Commodity Segment)
Register For Free Equity Tips Trial: http://rupeedesk.in/rupeedeskfree-calls 

Nifty-Sensex-Pre Market View - 15.11.2019: 09.00 Am

Nifty-Sensex-Pre Market View  - 15.11.2019: 09.00 Am
 Our Blog Information Learning purpose only
(Paper Trading Practice for Currency, Equity, Commodity Segment)
Register For Free Equity Tips Trial: http://rupeedesk.in/rupeedeskfree-calls

Whatsapp Number : 91-9094047040 / 91-9841986753
 RUPEEDESK - SHARE MARKET TRAINING 


Pre-Session: Sensex, Nifty likely to start on positive note today
15/11/2019 08:33
Indian benchmarks are expected to start the day on a positive note on Friday, but it would remain volatile as investors juggle between weak economic conditions and progress in US-China trade war.
Investors will look at global cues, stock-specific action, the rupee's trajectory against the US dollar, and foreign fund flow for market direction today. About 17 companies are scheduled to announce their September quarter numbers today. In another development, Moody’s has cut India's calendar year 2019 GDP growth forecast to 5.6 per cent from 6.2 per cent, citing a consumption slowdown, which would weigh investors sentiments. On Thursday, the 30-share benchmark index ended at 40286.48 up by 170.42 points or by 0.42 % and then NSE Nifty was at 11872.1 up by 31.65 points.


 Free Intraday Tips : Join Our Whatsapp No : 9841986753
  Free Commodity Tips : Join our Whatsapp No : 9094047040

Today's Commodity News : 14.11.2019

 Today's Commodity News : 14.11.2019


Gold prices are expected to trade higher today

Gold On Wednesday, Gold prices rose by 0.41 percent to close at $1462.9 per ounce. After witnessing a constant downfall since last week prices found some support as U.S. President Donald Trump’s speech on their trade agreement with China shrunk the optimism amongst the investors in turn boosting the appeal for the safe haven asset. President Trump threatened that U.S. would further tariffs on China if they fail to strike a deal soon. The 16 month long trade spat had roiled the markets and boosted the appeal for the safe haven asset, Gold in 2019.

Outlook

Diminishing chances of a possible trade deal between U.S. & China might boost the demand for Gold and push the prices higher. On the MCX, gold prices are expected to trade higher today; international markets are trading higher by 0.02 percent at $1463.55 per ounce.


Today's Currency News : 14.11.2019

Today's Currency News : 14.11.2019

Join Whatsapp 9094047040 
Whatsapp Number : 91-9094047040 / 91-9841986753


Buy USDINR; target of 72.40 - 72.50

The rupee ended the previous session with sharp losses, depreciating almost 62 paise, spooked by a likeliness of lower domestic growth as well as concerns over a trade rift. It is likely to open slightly changed while appreciation would be limited even as domestic inflation for October has jumped to 4.62%, highest since June 2018 • The US$ index closed slightly higher in the previous session amid profit booking in majors as well as fragile risk sentiment. EM currencies as well as major currencies have witnessed some profit booking in the last few session since the US President threatened to impose massive tariffs if China, US fail to pass phase one of trade deal. CNY depreciated to 7.02 in last few session from lows of 6.98.

Benchmark yield

Domestic benchmark 10-year yields ended lower at 6.53% in the previous session. Growing worries over domestic growth as well as a jump in inflation is likely to put pressure on debt • The US 10-year benchmark yields ended further lower at 1.89%. Risk sentiments improved supported by overall strength in US equities while hardening yields could be a signal that the US economy is relatively preforming well.

Currency futures on NSE

The dollar-rupee November contract on the NSE was at 72.16 in the previous session. Open interest declined 6.02% in the previous session • We expect the US$INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions.


Today's Stock News - 14.11.2019: 09.00 Am

Today's Stock News - 14.11.2019: 09.00 Am
KEEP REFRESH FOR NEXT UPDATE 

       தினமும் வீட்டில் இருந்து பணம் சம்பாதியுங்கள்                                           Click Here :- Register for Free Training
Whatsapp Number : 91-9094047040 / 91-9841986753
 RUPEEDESK - SHARE MARKET TRAINING 


* ABB INDIA: Said it is well-positioned to navigate any turbulence arising out of volatility in commodity prices, foreign currency fluctuations, as well as trade uncertainties due to its strong fundamentals and robust growth.

* ARSS INFRASTRUCTURE PROJECTS: The company's joint venture, ARSS-SCPL, has bagged a 754.3- mln-rupee work order from RAIL VIKAS NIGAM.

* CADILA HEALTHCARE: The company announced the acquisition of 15% stake in subsidiary Zydus Technologies for $225,000, in cash. The company earlier held 85% stake and bought the shares from minority stakeholder in the company. Also announced acquisition of 15% common stock of another subsidiary Zydus Noveltech Inc, US, for $25,000 in cash. Here too, Cadila held 85% common stock.

* CENTRUM CAPITAL: The board of the company has approved issue of up to 1 bln rupees of  nonconvertible debentures in one or more tranches.

* CG POWER AND INDUSTRIAL SOLUTIONS: Will soon put on the block its corporate head office building, a landmark in Mumbai's Worli area, as part of its plan to monetise assets to help revive the cashstrapped company.

* COFFEE DAY ENTERPRISES: It will postpone its Jul-Sep results due to the ongoing probe into its financials.

* DEWAN HOUSING FINANCE CORP: Bombay High Court has allowed the company to make payments to banks and NBFCs that have securitisation arrangements with the stressed mortgage financier.

* FUTURE CONSUMER: The Kishore Biyani-led Future Group said it had entered into a distribution agreement with American food major Dole, the world's largest producer of fruits and vegetables.

* HINDALCO INDUSTRIES: Has hiked the prices of its aluminium products for the sixth time in a row, which has taken its prices to their highest level since late March.

* INFOSYS: Has strongly refuted charges of disclosure lapses pertaining to a recent whistleblower complaint received in September. 

* IRB INFRASTRUCTURE DEVELOPERS: Platinum Investment Management on account of Platinum Asia Fund has sold 0.7% stake or 2.4 mln shares in the company on the National Stock Exchange at 71.89 rupees through a bulk deal.

* ITC: Entered into an agreement to acquire up to 33.42% stake in Delectable Technologies for 75 mln rupees in four tranches over 12 months.

* INTERGLOBE AVIATION: Directorate General of Civil Aviation will review its earlier directive to IndiGo and GoAir to replace at least one of the two engines in 36 identified A320neos fitted with Pratt & Whitney engines, which have operated for over 2,900 hours.

* JAYPEE INFRATECH: NBCC INDIA and Suraksha Realty have been asked to submit fresh bids to acquire the company in an ongoing insolvency process.

* JSW STEEL: The company, looking to acquire bankrupt Bhushan Power and Steel, might have a longish wait. The National Company Law Appellate Tribunal had directed the Enforcement Directorate to revoke the properties the latter had attached of Bhushan Power.

* RELIANCE COMMUNICATIONS: Resolution professional has extended the deadline for submission of bids for the company to next Friday after only two bidders, Bharti Group and Varde Partners, submitted bids at the close of the previous deadline which expired on Nov 11.

* RELIANCE INDUSTRIES: The National Company Law Appellate Tribunal on Wednesday gave Securities and Exchange Board of India one last chance to file its reply affidavit in a petition filed by  the company seeking waiver in delisting procedure for ALOK INDUSTRIES, which it got through the insolvency process.

* RITES: Will acquire 10 more locomotives for leasing business, which will take the total number of
locomotives to 70.

* STATE BANK OF INDIA: Has set the ball rolling to sell as much as a 50% stake in its institutional broking and investment banking unit SBI Caps.

* TATA CONSULTANCY SERVICES: Will transform the information technology operating model of Cardinal Health, a global healthcare solutions company, to make it more product-centric.

* TATA MOTORS: Board approved raising $300 mln via 5.5-year senior notes at 5.875% coupon.
- The company and MAHINDRA & MAHINDRA are believed to have reduced the passenger vehicle
sales target for their dealers for the next two months.

* TEAMLEASE SERVICES: The company on Tuesday acquired 72.7% equity stake in IMSI Staffing , an information technology staffing firm, to strengthen the company's specialised staffing cluster and accelerate its margin-expansion strategy.

* VAKRANGEE: The board has given an in-principle approval to the merger of two wholly-owned
subsidiaries--Vakrangee Finserve and Vakrangee Logistics--with self.

* VEDANTA: Is the highest bidder for Jamkhani coal block in Odisha.

* VIKAS WSP: Enforcement Directorate attached assets worth 522 mln rupees of the company under the Prevention of Money Laundering Act.

* VODAFONE IDEA: Aditya Birla Group will not infuse any fresh equity into the company, its telecom joint venture with Vodafone Group of UK, and let it opt for insolvency if the government does not provide substantial relief, including on the telcom's adjusted gross revenue-based dues, which could be over 390 bln rupees.
- Network equipment vendors are in a panic over recovery of dues worth a combined 80 bln rupees
from the company after the Vodafone Group said it had written down the value of the Indian telecom company to zero.
- Vodafone Group Chief Executive Officer Nick Read apologised to the Indian government for his
strong comments regarding the company's joint venture, saying his remarks were distorted.

* VST INDUSTRIES: Radhakishan Damani has bought 1.75% stake or 270,000 shares in the company at 4,259.99 rupees per share through a bulk deal on BSE.

* WIPRO: Will collaborate with Telecom Infra Project for the adoption of fifth generation telecom technology to offer to global communications service providers and enterprise markets.
- Ravi Purohit, who was heading the company's Oracle solutions business, has resigned.

* YES BANK: The bank's statutory auditor BSR & Co. has sought a fresh audit into whistleblower complaints levelled against the bank and its founder Rana Kapoor after a special audit done by JLN US & Co. turned out to be inconclusive.

 Our Blog Information Learning purpose only 
    (Paper Trading Practice for Currency, Equity, Commodity Segment)
Register For Free Equity Tips Trial: http://rupeedesk.in/rupeedeskfree-calls 

Today's Sector News - 14.11.2019: 09.00 Am

Today's Sector News - 14.11.2019: 09.00 Am
KEEP REFRESH FOR NEXT UPDATE 

       தினமும் வீட்டில் இருந்து பணம் சம்பாதியுங்கள்                                           Click Here :- Register for Free Training
Whatsapp Number : 91-9094047040 / 91-9841986753
 RUPEEDESK - SHARE MARKET TRAINING 


* AUTOMOBILES: At least half a dozen Chinese vehicle makers are expected to pump in about $5 bln over the next three-five years, along with their vendor-partners, to make inroads into the Indian market as their local market staggers.

* STEEL: The government has extended the deadline for domestic players to register for importing iron and steel under the Steel Import Monitoring System to Nov 20, the Directorate General of Foreign Trade said.

* TAXATION: The tax department has started questioning top companies and banks if they were passing on some of the common costs like salaries of chief executives to their branch offices.

* TELECOMMUNICATION: The Telecom Regulatory Authority of India has brought pay-per-view channels and other platform services offered by direct-to-home service providers under regulatory supervision,
mandating that programmes transmitted through such channels should be exclusive, not shared with other distribution platform operators.
- The Department of Telecom has issued notice to telecom operators to pay their revenue share dues
within three months as directed by the Supreme Court

 Our Blog Information Learning purpose only 
    (Paper Trading Practice for Currency, Equity, Commodity Segment)
Register For Free Equity Tips Trial: http://rupeedesk.in/rupeedeskfree-calls 

Nifty-Sensex-Pre Market View - 14.11.2019: 09.00 Am

Nifty-Sensex-Pre Market View  - 14.11.2019: 09.00 Am
 Our Blog Information Learning purpose only
(Paper Trading Practice for Currency, Equity, Commodity Segment)
Register For Free Equity Tips Trial: http://rupeedesk.in/rupeedeskfree-calls

Whatsapp Number : 91-9094047040 / 91-9841986753
 RUPEEDESK - SHARE MARKET TRAINING 


Pre-Session: Positive opening on cards; Q2 earnings,WPI eyed
14/11/2019 08:33
Domestic bourses are expected to start the day on a positive note today. Investors will today look at corporate results, global cues, rupee's trajectory against the US dollar, and macro data for market direction. Today, a total of 1,431 companies, including Apollo Hospitals, NBCC, and Bharti Airtel, are scheduled to announce their September quarter numbers. Traders will also keep a close eye on Rupee's level today after the domestic currency fell to over two-month low and crossed 72 against the US dollar on Wednesday. Moving ahead, data released yesterday showed that consumer prices rose at 4.6 per cent in October, the fastest rate since June last year. India's WPI inflation data for the month of October will be released today. Apart from these, telecom stocks will be in focus today after the Department of Telecommunications (DoT) told telecom operators to pay their revenue share dues within three months as directed by the Supreme Court. On Wednesday, the 30-share benchmark ended at 40116.06 down by -229.02 points or by -0.57 % and then NSE Nifty was at 11840.45 down by -73 points.


 Free Intraday Tips : Join Our Whatsapp No : 9841986753
  Free Commodity Tips : Join our Whatsapp No : 9094047040

ZEEL is in Down Trend, having a strong Support 289/265 : 13-11-2019

ZEEL is in Down Trend, having a strong Support 289/265 : 13-11-2019

13-11-2019 12:59 Currently ZEEL is in DOWN Trend, having a strong Support 289/265 and having significant Resistance around 307.5/312.7. Expected Target in coming session is 289.Currently ZEEL Trading @292.1.



Join Whatsapp 9094047040 
Whatsapp Number : 91-9094047040 / 91-9841986753
Join Telegram  t.me/rupeedesk