Commodity Updated Tips : 28 Feb 2017

BULLION Silver May and Gold April futures have declined 0.3-0.4 percent each at $ 18.358 and $ 1,254 per ounce, respectively. Platinum April contract is up 0.2 percent at $ 1.034. ENERGY Crude Oil April and Brent Oil May series have gained over 0.3 percent each at $ 54 and $ 56.61 a barrel, respectively. Natural Gas April expiry is marginally up at $ 2.695. BASE METAL Copper May delivery is almost unchanged at $ 2.697. FOOD & EDIBLES US Soybeans and US Corn May contracts have added 0.4 percent each at $ 1,026 and $ 370, respectively. Capitalstars Financial Research Private Limited is a research house and an investment...

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Markets start marching towards North on global bias : 28 Feb 2017

Indian Indices: Indian shares are likely to witness a flat to positive opening as the global markets look slightly supportive with SGX Nifty trading 8.50 points higher. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 5.50 points at the opening bell. On the macro front, the Central Statistics Office (CSO) will today, 28 February 2017, unveil the revised advance estimate for GDP growth in 2016-2017 after factoring in the note ban impact in the Q3 December 2016 quarter. The government scrapped high value notes on 8 November 2016.Key benchmark indices dropped yesterday, 27 February...

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CS OPENING BELL : 28 Feb 2017

NIFTY SPOT UP 10@8902 SENSEX UP 32@28850 BANK NIFTY FUTURES DOWN 12@20670 CS NIFTY FUTURES (MARCH) OVERVIEW TREND BULLISH RES2:9075  RES 1:9025 SUP1:8905 SUP2:8875 CS BANK NIFTY FUTURES (MARCH) OVERVIEW TREND BULLISH RES 2:21125 RES 1:21025 SUP1:20595 SUP2:20425 Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and Commodity market.We also provide 2 days free trial to our client.Join our services and trade with us.  Get more details here:- Commodity Market Tips Equity Tips Share Market...

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Commodity Updated Tips : 27 Feb 2017

BULLION Gold and Platinum April futures are marginally down at $ 1,259 an ounce and $ 1,031, respectively. Silver March contract is slightly up at $ 18.418. ENERGY Natural Gas April expiry has tumbled 3.3 percent to $ 2.705. Crude Oil March and Brent Oil April series have advanced 0.4 percent each at $ 54 and $ 56.57 per barrel, respectively. BASE METAL Copper March delivery is quoted at $ 2.688 - down 0.3 percent. FOOD & EDIBLES US Corn March future has gained 0.5 percent at $ 372. US Soybeans March contract has also added 0.4 percent at $ 1,028. Capitalstars Financial Research Private Limited is a research house and an...

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Weak start seen on subdued global markets : 27 Feb 2017

Indian Indices: Indian shares are likely to witness a bearish opening as the global markets look subdued with SGX Nifty trading 24 points lower.The Indian benchmarks are poised to open lower on Monday, tracking weak cues from fellow Asian peers as investors remained wary ahead of the US President Donald Trump's first address to the US Congress on Tuesday. Weak trend in the SGX Nifty Index Futures for February delivery, which were trading at 8,942.50, up by 28.5 points or 0.32 per cent, at 10:54 AM Singapore time, also signaled a negative opening for Sensex. The market may see some stock specific movement as concerns related...

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CS OPENING BELL : 27 Feb 2017

NIFTY SPOT DOWN  7@8932 SENSEX DOWN 10@28882 BANK NIFTY FUTURES DOWN 65@20812 CS NIFTY FUTURES (MARCH) OVERVIEW TREND BULLISH RES2:9075 RES 1:9025 SUP1:8925 SUP2:8885 CS BANK NIFTY FUTURES (MARCH) OVERVIEW TREND BULLISH RES 2:21125 RES 1:21025 SUP1:20755 SUP2:20425 Looking for investment in Share Market, CapitalStars Financial Research Private Limited provides you best investments Tips in Share Market.It  daily provides intraday and Future calls.We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities. Get more details here:- Commodity...

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CORPORATE NEWS : 27 Feb 2017

Cadila receives USFDA approval for Linezolid Tablets Cadila receives USFDA approval for Linezolid Tablets (an anti-bacterial agent used to treat certain serious bacterial infections). The drug will be manufactured at the Pharma SEZ in Ahmedabad – Positive for Cadila. Axis Bank drops on complaint filed by UIDAI Shares of Axis Bank dropped on NSE in an otherwise positive market as the report suggests that complaint has been filed against the Bank by UIDAI. The Unique Identification Authority of India (UIDAI) has filed a criminal complaint against Axis Bank, Suvidhaa Infoserve and eMudhra for allegedly storing biometrics and using them...

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Weekly roundup: Stock specific moves push Sensex up for 5th straight week - 25 Feb 2017

It was a week of stock specific moves. The market ended positive for the fifth consecutive week thanks to a smart rally in stocks like TCS, HDFC Bank, Axis Bank and Reliance Industries in an otherwise a holiday-truncated expiry week. Globally, low probability of US Federal Reserve hiking interest rates in US in its March policy meeting also contributed to the buoyant sentiment.  During the week ended February 23, the S&P BSE Sensex added 1.5% or 424 points to settle at 28893, while Nifty50 gained 1.3% or 118 points to close at 8939.  Midcap and Smallcap stocks also mirrored the gains in the frontline indices...

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Gold hits 14-week high as 'Trumpflation trade' fades - 25 Feb 2017

Gold hit its highest in 3-1/2 months on Friday as the dollar hit a one week low after the new US finance chief poured cold water on the  "Trumpflation trade" that had boosted the greenback this year. Treasury Secretary Steven Mnuchin said on Thursday that any steps US President Donald Trump's administration takes on policy would probably have only limited impact this year, though he wants to see tax reform passed by August. The comments suggested much work was still needed on the sweeping tax plan that Mnuchin called his main priority, and which investors had bet would stoke growth and inflation this year. "We've got a...

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Sebi to allow futures trading in degummed soya oil soon - 25 Feb 2017

Markets regulator the Securities and Exchange Board of India (Sebi) is all set to allow futures trading in degummed soya oil soon. Commodity exchanges, primarily the National Commodity & Derivatives Exchange (NCDEX), had applied to Sebi seeking permission for launch of futures trading in degummed soya oil. According to exchange source, NCDEX has also applied to Sebi to allow futures in yellow peas, black pepper, RM seed cake or meal. The exchange is also planning for relaunch of chana futures, which were suspended last year on the wake of very high price rise, now  that the prices have moderated.  Of these, pepper...

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Oil prices rise after report shows drop in US stocks - 24 Feb 2017

Oil prices rose on Thursday after US data showed a surprise decline in inventories, suggesting that a global glut may be ending after moves by Opec to cut production. Benchmark Brent crude oil was up 70 cents a barrel at $56.54 by 1025 GMT, recovering from a drop of 82 cents on Wednesday. US light crude was 70 cents higher at $54.29 a barrel. Both benchmarks are near the top of relatively narrow $4 ranges that have contained trade so far this year, reflecting a period of low volatility since the Organization of the Petroleum Exporting Countries (Oprc's) and other exporters agreed to cut output. Opec and producers including...

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Markets closed on account of Mahashivratri - 24 Feb 2017

Indian equity, forex, money and commodity markets will remain closed today to observe Mahashivratri.  The market on Thursday settled flat after a smart rally thanks to gains in IT and telecom stocks on the expiry of February derivative contracts. The S&P BSE Sensex crossed its crucial psychological of 29,000 in intraday trade, while the Nifty50 also went above its 52-week high for the first time since September 2016. The 30-share Sensex ended 28 points higher at 28,893 and the 50-share Nifty closed 13 points higher at 8,940.  WORLD MARKETS Asian shares took a breather on Friday, hovering just below 1-1/2-year highs...

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Reliance Jio effect: Bharti Airtel gets Telenor for free - 24 Feb 2017

In what will lead to yet another multinational exit in the telecom space, Bharti Airtel on Thursday announced the acquisition of Telenor India. It’s a no-cash deal, which will see Norway’s telco packing up and leaving the country, as business had become unsustainable.  While the companies refused to speak on the size of the deal, sources in the know pegged Bharti’s cost of acquisition at Rs 1,600 crore. This money will be used for paying the outstanding amount for the spectrum that Telenor has acquired, it is learnt. Bharti Airtel will also take over Telenor’s contracts for tower lease and infrastructure.   The...

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