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Showing posts with label Commodity Tips. Show all posts
Showing posts with label Commodity Tips. Show all posts

Tuesday, 23 April 2019

MCX Update

BULLION - Bullion counter may trade on flat to negative note Gold prices eased on Wednesday, remaining near a four-month low touched in the previous session as the dollar strengthened and Asian shares rose after the Nasdaq and S&P 500 indexes marked record closing highs. The dollar hovered near a 22-month peak against its peers on Wednesday, after strong U.S. housing data further eased concerns of a slowdown in the world biggest economy. Sales of new U.S. single-family homes rose to a near 1-1/2-year high in March, boosted by lower mortgage rates and house prices. After China economy defied expectations that it would slow further in January-March, U.S. growth is expected to be 2.1 percent in the same period, although the range of analysts estimates was wider than usual at 1.0 to 2.9 percent. SPDR Gold Trust, the world largest gold-backed exchange-traded fund, said its holdings fell 0.27 percent to 749.63 tonnes on Tuesday from 751.68 tonnes on Monday.

ENERGY- Crude oil may witness some profit booking at higher levels as oil prices inched lower on Wednesday on signs that global markets remain adequately supplied despite a jump to 2019 highs this week on Washington push for tighter sanctions against Iran. Crude futures rose to 2019 highs earlier in the week after the United States said on Monday it would end all exemptions for sanctions against Iran, demanding countries halt oil imports from Tehran from May or face punitive action from Washington. The International Energy Agency (IEA), a watchdog for oil consuming countries, said in a statement on Tuesday that markets are adequately suppliedand that global spare production capacity remains at comfortable levels. The biggest source of new oil supply comes from the United States, where crude oil production EIA has already risen by more than 2 million barrels per day (bpd) since early 2018 to a record of more than 12 million bpd early this year, making America the world biggest oil producer ahead of Russia and Saudi Arabia. U.S. natural gas futures dipped on Tuesday to their lowest level in nearly three years as higher production and a drop in demand weighed on prices.

BASE METAL - Base metals prices may trade with sideways to positive bias. Most industrial metals on the London Metal Exchange rose on Wednesday, after a top White House economic adviser said the United States and China were making progress in trade talks. The global world refined copper market showed an 8,000 tonne deficit in January, compared with an 11,000 tonne surplus in December, the International Copper Study Group (ICSG) said in its latest monthly bulletin. Global primary aluminium output rose to 5.414 million tonnes in March from a revised 4.916 million tonnes in February, data from the International Aluminium Institute (IAI) showed on Tuesday.


Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
 
For more details call on 9977499927 or visit our website www.capitalstars.com

Sunday, 21 April 2019


MCX Updates

BULLION - Bullion counter may open on positive note as gold prices steadied on Monday after falling to a near four-month low in the previous session, with the dollar gaining in the wake of indications that U.S. economic growth picked up in the first quarter. The dollar drifted higher against the euro and British pound on Monday, supported by the relative strength of the U.S. economy, though moves remained small as many investors were still away for the long Easter weekend. U.S. retail sales increased by the most in 1- 1/2 years in March as households boosted purchases of motor vehicles and a range of other goods, the latest indication that economic growth picked up in the first quarter after a false start, data showed on Thursday. Hedge funds and money managers switched to a net short position in COMEX gold in the week to April 16, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. Gold premiums in top consumer China jumped to their highest in more than two years, as a drop in global prices and strengthening yuan encouraged purchases amid optimism about the state of the economy.

ENERGY- Crude oil may trade in green as oil prices oil prices rallied by more than 2 percent on Monday to levels not seen since November 2018 as Washington is set to announce all imports of Iranian oil must end or be subject to sanctions. News that the United States is preparing to announce on Monday that all buyers of Iranian oil will have to end their imports shortly, or be subject to U.S. sanctions, was first reported on Sunday by Washington Post foreign policy and national security columnist Josh Rogin. The U.S. reimposed sanctions in November on exports of Iranian oil after President Donald Trump unilaterally pulled out of a 2015 nuclear accord between Iran and six world powers. Washington, however, granted Iran eight main buyers of oil, mostly in Asia, waivers to the sanctions which allowed them limited purchases for half-a-year. Iran biggest oil customers are China and India, who have both been lobbying for extensions to sanction waivers. 

BASE METAL - Base metals prices may trade with firm bias. China refined copper output came in at 705,000 tonnes in March, according to data published by the National Bureau of Statistics on Friday. The bureau said the number was up 10.2 percent year-on-year but it is the lowest monthly total in records on the bureau website since June 2016. The most active aluminium contract on the Shanghai Futures Exchange (ShFE) hit its highest since November 2018 on Monday, following a drop in inventories last week. Shanghai aluminium jumped to as high as 14,175 yuan ($2,114.44) a tonne, after data on Friday showed that aluminium stocks in warehouses tracked by ShFE dropped to 665,067 tonnes, their lowest weekly level since November 2017.



Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
 
For more details call on 9977499927 or visit our website www.capitalstars.com

Monday, 15 April 2019



DAILY NIFTY SMART MOVERS 
SCRIPTS PRICE PRE. CLOSE CHANGE (%) CHANGE (Rs.) VOLUME 
Tata Motors - DVR
111.35 103.50 7.58 7.85 988.23
Tata Motors
231.50 215.85 7.25 15.65 3971.49
Vodafone Idea
16.95 16.05 5.61 0.90 4807.79
TCS
2106.15 2013.75 4.59 92.40 396.29
Coal India
250.50 239.80 4.46 10.70 613.57


DAILY NIFTY TOP LAGGARDS

SCRIPTS PRICE PRE. CLOSE CHANGE (%) CHANGE (Rs.) VOLUME 
Infosys
727.50 747.85 -2.72 -20.35 1069.18
Tata Power
71.50 72.95 -1.99 -1.45 2340.95
LIC Housing Finance
529.00 539.55 -1.96 -10.55 33.61
Bharti Infratel
308.95 314.10 -1.64 -5.15 123.41
Edelweiss Financial
175.80 178.60 -1.57 -2.80 122.30


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Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
 
For more details call on 9977499927 or visit our website www.capitalstars.com

Friday, 12 April 2019


PC Jeweller stock soars post block deal
Shares of PC Jeweller soared 16% in the last hour of the trading session. Around 50 lakh shares or 1.3% equity shares worth Rs54cr trade in four blocks on NSE at Rs103-109.70/sh, as per media reports.
PC Jeweller Ltd is currently trading at Rs111.50, up by Rs15.75 or 16.45% from its previous close of Rs95.75 on the BSE. The scrip opened at Rs96.15 and has touched a high and low of Rs114.80 and Rs95.65 respectively.

Lupin gains 2% on launch of Testosterone Gel
Shares of Lupin were trading 2% higher on Friday after the company launched Testosterone Gel, 1.62% (20.25 mg/1.25 g pump actuation), having received approval from the United States Food and Drug Administration (FDA).
"Lupin's Testosterone Gel, 1.62% (20.25 mg/1.25 g pump actuation), is the generic equivalent of AbbVie Inc's AndroGel, 1.62%," the company said in a press note to the exchanges on Friday.
It is indicated for replacement therapy in males for conditions associated with a deficiency or absence of endogenous testosterone- Primary hypogonadism (congenital or acquired) and Hypogonadotropic hypogonadism (congenital or acquired).

Maruti Suzuki says ALTO K10 prices to increase across variants
Maruti Suzuki said in the press note on Thursday that it has hiked the price of its Alto K10 model across India following its upgrade with safety features in compliance with the "AIS-145 Safety Norms".
The price revision will be effective from April 11, 2019.
"Alto K10 is now compliant with AIS-145 Safety Norms. This will result in a price increase in all variants of Alto K10 models. Depending on features introduced across variants, the ex-showroom price in Delhi and NCR region will vary from Rs3,65,843 to Rs4,44,777."

Sun Pharma executive, wife settle insider trading case with Sebi
Sun Pharma group senior executive, Abhay Arvind Gandhi, and his wife Kiran have settled with Securities and Exchange Board of India (SEBI) a case related to insider trading in shares of Ranbaxy Laboratories in 2014, a PTI report said.
As per the report, both have paid a total of ~Rs70 lakh as settlement charges. Gandhi and Kiran traded in 454 shares and 6,770 shares, respectively, during the Unpublished Price Sensitive Information (UPSI) period.

SpiceJet to induct 16 Boeing 737-800 aircrafts
Shares of SpiceJet jumped in the morning trade on the BSE as the aviation company will induct 16 Boeing 737-800 NG aircrafts on dry lease and has applied to the Directorate General of Civil Aviation (DGCA) for a No Objection Certificate (NOC) to import the aircraft.
The new inductions will not just bring down flight cancellations to nil but also help in SpiceJet aggressive international and domestic expansion plans.
Subject to regulatory approvals, the aircraft would begin joining SpiceJet fleet in the next ten days.

Lemon Tree gains after brokerage upgrade
Shares of Lemon Tree Hotels were trading higher on Friday trade after global firm CLSA maintained a buy rating on the stock.
According to the media reports, the global brokerage firm CLSA has maintained a buy rating on the stock in a recent report, saying Key acquisition, new management contract opportunities to help gain scale.
The brokerage firm has given a price target of Rs89 per share. It said the company is gaining scale with the recently announced intention to acquire Keys hotels, which will add 26% to owned room count and 55% to managed room count, the report added.


Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
 
For more details call on 9977499927 or visit our website www.capitalstars.com

Tuesday, 9 April 2019


MCX update


BULLION - Bullion counter may witness some lower level buying. Gold inched higher on Tuesday, trading just below a more than one-week peak hit in the previous session, as Asian equities eased and the dollar weakened following sombre U.S. economic data. The dollar sagged on Tuesday after weak U.S. economic data while commodity-linked currencies such as the Canadian and Australian dollars drew support from an ongoing surge in crude oil prices. New orders for U.S.-made goods fell modestly in February and shipments rose after four straight monthly declines, but the manufacturing sector is slowing amid rising inventories. Britain parliament approved legislation on Monday that gives lawmakers the power to scrutinise and even change Prime Minister Theresa May request that the European Union agree to delay Brexit until June 30.



ENERGY- Crude oil may remain with sideways bias. Oil prices eased on Tuesday, slipping away from 5-month highs reached earlier in the session as a sluggish economic outlook countered an otherwise tight market. Despite generally bullish oil markets, concerns that an economic slowdown this year will hit fuel consumption have been preventing crude prices from rising even higher, traders said. And while fears of a global recession ebbed following strong U.S. jobs figures and improved Chinese manufacturing data late last week, Bank of America Merrill Lynch said there was still a "significant slowing in growth globally" in 2019. Despite the economic concerns, global oil markets are tight, and Brent and WTI crude oil futures have risen by 40 percent and 30 percent respectively since the start of the year. Renewed fighting in Libya has seen Brent crude break above $70 per barrel Libya is a significant supplier of oil to Europe, producing around 1.1 million barrels per day (bpd) of crude in March. A warplane attacked Tripoli's only functioning airport on Monday as eastern forces advancing on the Libyan capital disregarded international appeals for a truce in the latest of a cycle of warfare since Muammar Gaddafi's fall in 2011. U.S. natural gas futures edged up to their highest in a week on Monday with cooler weather forecast to boost heating demand next week and liquefied natural gas exports expected to rise. 



BASE METAL - Base metals prices may trade with positive bias. The U.S. Trade Representative said significant work remained ahead of fresh talks due this week, while Chinese state media said the two sides had made new progress in the talks. MMG Ltd said its Las Bambas copper mine in Peru is expected to resume normal operations after an indigenous village agreed to end a two-month blockade. Copper prices rose on Monday on news of fresh stimulus measures in top metals consumer China and hopes for a U.S.-China trade deal. China said on Monday it would relax residency curbs in many of its smaller cities and increase infrastructure spending to boost economic growth. On Sunday, China also announced measures to encourage financing for small and medium-sized businesses. Three-month LME zinc shed 0.6 percent to finish at $2,906 a tonne, partly due to producers seeking to lock in high prices through hedging programmes, said Alastair Munro at broker Marex Spectron. 





Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
 
For more details call on 9977499927 or visit our website www.capitalstars.com

Thursday, 28 March 2019



BULLION - Bullion counter may trade with negative path. Gold prices suffered strong double-digit losses and hit a three-week low today, while the silver market was hammered to a three-month low. The precious metals bulls are fading fast late this week amid a resurgent U.S. dollar index that is pushing toward its recent multi-month high. The U.S. economic data point of the day was the third and final reading on fourth-quarter gross domestic product. GDP came in at up 2.2%, which was right in line with the consensus forecast and compares to the last 4Q estimate of up 2.6%. At the same time the U.S. jobless claims report came in and showed a drop in the latest week. The U.S. dollar index began its rally today right after those U.S. data releases.

ENERGY- Crude oil may trade on positive note as oil prices rose on Friday, pushed up by ongoing supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela, which have given crude markets the biggest first quarter price push since 2009.Oil prices have been supported for much of 2019 by efforts by the Organization of the Petroleum Exporting Countries (OPEC) and non-affiliated allies like Russia, known as OPEC+, who have pledged to withhold around 1.2 million barrels per day (bpd) of supply this year to prop up markets. Production cuts from the OPEC+ group of producers have been the main reason for the dramatic recovery since the 38 percent price slump seen during the final quarter of last year. 

BASE METAL - Base metals prices may trade sideways to positive path. Most base metals rose on Friday, with London copper heading for its first quarterly gain since the end of 2017, as hopes of progress in U.S.-China trade talks lent support. U.S. Treasury Secretary Steven Mnuchin said on Friday he had aproductive working dinner the previous night in Beijing, as he headed to a state guest house to begin a day of trade talks. Aluminum Corp of China Ltd recorded a 16 percent rise in aluminium production in 2018 to 4.17 million tonnes, the company, known as Chalco. The jump was enough for it overtake Russia Rusal as the world second-biggest publicly traded producer of the metal. Rusal produced 3.753 million tonnes last year.




Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
 
For more details call on 9977499927 or visit our website www.capitalstars.com

Monday, 11 March 2019




BULLION - Bullion counter may witness some bounce back at lower levels as the dollar edged lower against major currencies following the U.S. retail sales data and a rally in the pound. U.S. retail sales rose 0.2 in January, surprising economists who had expected an unchanged result. Gold can take support near 31700 and can recover towards 32100. Silver can take support near 38000 and can recover towards 38700. Prime Minister Theresa May won legally binding Brexit assurances from the European Union on Monday in a last ditch attempt to sway rebellious British lawmakers who have threatened to vote down the deal again. Federal Reserve chairman Jerome Powell said the U.S. central bank does  not feel any hurryâ to change the level of interest rates again as it watches how a slowing global economy affects local conditions in the U.S. 

ENERGY- Crude oil may open on positive note as oil prices rose on Tuesday, lifted by output cuts led by producer group OPEC as well as healthy demand, and although analysts said economic headwinds posed downside risks to crude markets. Venezuela opposition-run congress on Monday declared a state of alarm over a five-day power blackout that has crippled the country oil exports and left millions of citizens scrambling to find food and water. The United States will drive global oil supply growth over the next five years, adding another 4 million barrels per day (bpd) to the country already booming output, the International Energy Agency said on Monday. U.S. crude oil output will rise nearly 2.8 million bpd, growing to 13.7 million bpd in 2024 from an average of just under 11 million bpd in 2018, the IEA said, making the United States by far the biggest oil producer in the world. Natural gas may remain sideways as it can take support near 192 while taking facing resistance near 196 in MCX. U.S. natural gas futures fell to a two-week low on Monday on forecasts for the weather to turn warmer over the next two weeks than previously expected. Meteorologists now project temperatures will remain near normal through late March. Last week, they were forecasting seasonal weather this week and cooler than normal temperatures next week.

BASE METAL - Base metals prices may trade with positive bias. London base metal prices rose across the board in early Asian trade on Tuesday, supported by a weaker dollar and tracking stock markets higher after the European Commission agreed to changes in a Brexit deal. Copper may take support near 445 and can recover towards 458 in MCX. China's automobile sales fell 13.8 percent year-onyear in February, marking the eighth consecutive month of decline in the world's largest auto market. Zinc can take support near 192 while facing resistance near 195. The global zinc market deficit narrowed to 28,000 tonnes in January from a revised deficit of 62,400 tonnes in December, data from the International Lead and Zinc Study Group (ILZSG) showed. Lead can move in range of 143-146. Nickel can also test 920 while taking support near 900. Aluminum prices may trade in range of 142-144. Queues to take aluminum out of LME-approved warehouses owned by ISTIM UK in Port Klang, Malaysia rose to 229 days in February from 118 days in January and zero days in December.



Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
 

For more details call on 9977499927 or visit our website www.capitalstars.com


DAILY NIFTY SMART MOVERS 
SCRIPTS PRICE VOLUME (IN 000�S) PRE. CLOSE CHANGE (%) CHANGE (Rs.)
Bharti Airtel 333.70 586.23 308.75 8.08 24.95
Edelweiss Financial 173.10 382.83 162.45 6.56 10.65
HPCL 263.70 873.44 249.55 5.67 14.15
Vodafone Idea 34.15 2953.63 32.40 5.40 1.75
BPCL 387.05 398.98 367.80 5.23 19.25


DAILY NIFTY TOP LAGGARDS

SCRIPTS PRICE VOLUME (000�S) PRE. CLOSE CHANGE (%) CHANGE (Rs.)
REC 134.20 612.09 143.10 -6.22 -8.90
HDFC Life Insurance 389.80 83.71 391.80 -0.51 -2.00
Tech Mahindra 807.80 57.54 811.20 -0.42 -3.40
TCS 2014.10 52.84 2022.30 -0.41 -8.20
HCL Tech. 1004.50 64.69 1008.45 -0.39 -3.95


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Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
 
For more details call on 9977499927 or visit our website www.capitalstars.com

Tuesday, 5 March 2019


BULLION - Bullion counter may trade sideways path as gold hovered Gold held steady on Wednesday after recovering from more than five week lows in the previous session, drawing support from choppy equities, while a stronger dollar capped gains. Asian stocks clung to tight ranges on Wednesday, as investors awaited fresh directional cues from U.S.-China trade negotiations and a weaker Wall Street finish capped broader gains, while robust U.S. economic data supported the dollar. Gold can take support near 32100 while it can face resistance near 32400. Silver can test 38350 while facing resistance near 38700. Sales of new U.S. single-family homes rose to a seven-month high in December, but November's outsized jump was revised lower, pointing to continued weakness in the housing market. U.S. President Trump will reject any U.S.-China trade deal that is not perfect but that the United States will still keep working on an agreement, U.S. Secretary of State Mike Pompeo said in a media interview. The Perth Mint's February sales of gold products fell to the lowest level since June last year, declining more than 37 percent from the previous month, it said on Tuesday.

ENERGY- Crude oil may open on negative note as oil prices fell more than 0.5 percent on Wednesday as bullish output forecasts by two big U.S. producers outweighed recent OPEC-led efforts to rein in crude production. Chevron Corp and Exxon Mobil Corp released duelling Permian Basin projections on Tuesday pointing to big increases in shale oil production. Data from the American Petroleum Institute (API), an industry group, also showed larger-than-expected U.S. crude stockpiles. Crude oil can test 3900 while facing resistance near 4000. U.S. crude inventories rose by 7.3 million barrels in the week ending March 1 to 451.5 million, compared with analystsâ�� expectations for an increase of 1.2 million barrels, API said. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.1 million barrels. Natural gas may test 206 while taking support near 200 in MCX. U.S. natural gas futures edged up to a five-week high on Tuesday as utilities pulled huge amounts of gas out of inventories to heat homes and businesses to deal with a frigid cold snap blanketing much of the country this week. 

BASE METAL - Base metals prices may trade with sideways to weak bias except Nickel. U.S. President Trump will reject a U.S.-China trade deal that is not perfect, but the United States would still keep working on an agreement, U.S. Secretary of State Mike Pompeo said in a media interview. Pompeo had earlier said he thought the two sides were "on the cusp" of a deal to end their trade war, adding to positive signs about negotiations from both sides of the Pacific. Copper may test 455 while taking resistance near 465 in MCX. Zinc can test 195 while facing resistance near 199. Lead can trade on mixed path in range of 147-150. Nickel can also test 970 while taking support near 950. London nickel prices edged higher for a fourth straight session on Wednesday as low stock levels and recovering demand kept the metal used to make stainless steel at a six-month high. LME nickel inventories have fallen for 10 days in a row to under 200,000 tonnes. Shortages for a fourth year running and historically low stocks of zinc are likely to propel prices of the metal to $3,000 a tonne over coming months, while an end to the U.S.-China trade dispute could spur even more gains.

Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
 
For more details call on 9977499927 or visit our website www.capitalstars.com


Wednesday, 20 February 2019



BULLION - MCX Gold and Silver may note some decline tracking cues from international exchange. COMEX gold trades weaker near $1341/oz after testing 10-month high of $1349.8/oz in previous session. Gold came under pressure amid some stability in US dollar post release of FOMC minutes. Minutes of Fed meeting showed that Fed officials are still upbeat on US economy and this has kept door open for another rate hike. Fed officials also discussed ending the bond reduction plan and may soon announce details on the same. FOMC minutes reaffirmed Fed�s patient rate hike stance and willingness to end balance sheet reduction plans however it was largely factored in and there was no fresh clue to add to Fed�s dovish stance hence we are seeing some stability in US dollar. Also market focus will now shift to ECB monetary policy minutes today. The central bank has maintained cautious tone on euro-zone economy and this will not bode well for euro. Market players are also eyeing trade related development. US-China trade talks are progressing however lack of concrete announcement will leave market players restless. Meanwhile, US President Trump on Wednesday said the US would impose tariffs on European car imports if it cannot reach a trade deal with the European Union. ETF inflows show some buying interest in gold with price near 10-month high. Gold holdings with SPDR ETF rose by 2.05 tonnes to 794.503 tonnes. Gold rallied sharply in last few days on expectations that FOMC minutes will add to Fed�s dovish tilt however lack of any fresh cue has resulted in some correction and this could extend further.

ENERGY- Crude Oil- MCX Crude may note mixed trade in line with international market however bias is still on the upside. NYMEX crude trades mixed near $57 per barrel after a 1.5% gain in previous session when it hit the highest level since Nov.2018. Supporting crude oil price is API weekly report which noted a smaller than expected 1.26 million barrel increase in US crude oil stocks and a decline in gasoline and distillate stocks. Crude oil also remains supported by OPEC�s adherence to production cuts. The OPEC+ Joint Technical Committee assessed compliance with the group's production curbs at 83% in January, the first month of the deal. Meanwhile, Saudi Arabia and Russia have indicated that they will deepen cuts in coming months. US sanctions on Venezuela and Iran has also added to expectations of lower supply from OPEC. Meanwhile, supply concerns are also high amid partial closure of Saudi Arabia�s Safaniyah oilfield. Amid other factors, global equity markets turned choppy after FOMC minutes did not add to Fed�s dovish tilt. Fed maintained optimism about US economy keeping option open for a rate hike. US-China trade talks are progressing well but trade concerns rose as US President Trump on Wednesday said the US would impose tariffs on European car imports if it cannot reach a trade deal with the European Union.

Natural Gas- Natural Gas- MCX Natural gas may note mixed trade in line with international market but sell on rise is suggested. NYMEX natural gas trades mixed near $2.65/mmBtu ahead of inventory report. US EIA is expected to note a 165 Bcf decline in US natural gas stocks as against 5-year average decline of 148 Bcf. A bigger than average decline will widen the deficit in the market but this has already been factored in. Also with the nearing end of winter season, stocks withdrawals are expected to normalize in coming days. On demand front, weather forecasts are indicating colder weather in parts of US which will increase heating demand. However, demand is also expected to wane down with end of winter season. Natural gas may remain rangebound ahead of inventory report but overall sell on rise will be ideal strategy. It is unlikely that the stock drop may be huge enough to refuel tightness concerns.

BASE METAL - Most Base metals on LME trade with a weaker bias today after closing on a higher note yesterday. LME Nickel was the best performer with 1.9% gains followed by 1.5% rally in Zinc prices and 1.4% gains in Copper prices. In other metals Lead and Aluminium too ended 1% and 0.65% higher respectively.


Investment  trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
 
For more details call on 9977499927 or visit our website www.capitalstars.com