Tuesday, August 04, 2015

Nifty breaks 8500, Mid & Smallcap outperform; SBI rises

SBI


The market remained under pressure on profit booking after rising in four consecutive sessions. The Reserve Bank of India kept key policy rates unchanged (repo rate at 7.25 percent and cash reserve ratio at 4 percent) but lowered CPI inflation forecast for January-March 2016 by 0.2 percent, saying inflation conditions have evolved around the projected path.

The 30-share BSE Sensex declined 113.95 points to 28073.11 and the Nifty slipped 29.75 points to 8513.30. However, the broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising half a percent each. About 1409 shares have advanced against 1112 shares declined on the Bombay Stock Exchange.

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Oil prices edge up after 5 per cent fall amid high production, weak outlook

crude-oil


Oil prices edged up in early Asian trading on Tuesday following a sharp 5 per cent drop in the previous session, as high global production and a weakening economic outlook, especially in Asia, prompted analysts to warn of further falls.

Oil output by the Organization of the Petroleum Exporting Countries ( OPEC) reached the highest monthly level in recent history in July, and production could rise further if Iran achieves a plan to raise output by 500,000 barrels per day (bpd) as soon as sanctions are lifted.

With US production also near records and China’s economy showing further signs of slowing, prices on Monday were pulled down to within a few dollars of the six-year lows touched at the start of the year. Brent fell below $50 per barrel for the first time since January

Although prices rose on Tuesday, with Brent 28 cents higher at $49.80 a barrel by 0336 GMT and US crude up 35 cents at $45.52 a barrel, analysts said more falls were expected.

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Gold down on dollar after worst month in two years

Gold


Gold dropped on Monday, after falling by the most in two years in July, as the dollar rose and investors monitored US economic indicators for clues on the timing of a hike in US interest rates.

Spot gold was down 0.9 per cent at $1,086.06 an ounce by 3:02 p.m. EDT (1902 GMT). The metal hit a low of $1,077 on July 24, its weakest in 5-1/2 years.

It lost almost 7 per cent in July, its steepest monthly drop since June 2013, and fell for a sixth straight week last week, its longest retreat since 1999.

US gold for December delivery settled down 0.5 per cent at $1,089.40 an ounce.

Spot platinum dropped 2.6 per cent to $955.74 an ounce, after posting the biggest monthly fall in ten months at 8.7 per cent in July. Palladium lost 2.3 per cent to $595.25 an ounce, nearing the lowest since October 2012.

Spot silver was down 2.2 per cent at $14.44 an ounce, near last month’s six-year low.

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Falling cardamom prices an opportunity for exporters to meet challenges

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The falling prices of cardamom may have left growers fretting but exporters see an opportunity to meet the challenge from Gautemala, the largest producer of the spice, when it enters the global market after harvest in a few months.

Cardamom prices have been hovering around Rs 600-620 per kg, down 10 per cent over the past month as fresh arrivals have flooded the market.

The lower price in the domestic market will help the exporters to have an upper hand in the global market over India’s chief rival Guatemala. In 2014-15, cardamom exports from India went up just 5 per cent to 3,795 tonne but saw 14 per cent increase in value compared to the previous year, at Rs 323 crore.

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Sensex, Nifty recovers marginally; RBI keeps rate unchanged

Epic Update RBI


The market has recovered. The Sensex is down 91.12 points at 28095.94 and the Nifty is down 22.45 points at 8520.60. About 1292 shares have advanced, 1046 shares declined, and 125 shares are unchanged.

Banks are recovering. GAIL, ONGC, Infosys, Tata Motors and Reliance are among laggards.

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Epic Research Update : Results Today

Epic Research Update : Results Today


Bharti Airtel
Britannia
Ent Network Ind
Godrej Prop
Hexaware Tech
Hinduja Venture
JK Tyre & Ind
MM Forgings
Orient Cement
Peninsula Land
Sangam India
Sundaram-Clayto
TV TodayNetwork
Torrent Power
Tribhovandas

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Epic Research Update : Indian ADRs


Epic Research Update :  Indian ADRs


Indian ADRs ended higher on Monday.

In the banking space,

ICICI Bank added 0.31 percent at USD 10.38 and HDFC Bank rose 0.50 percent at USD 62.97.

In the IT space,

Infosys was up 0.05 percent at USD 16.96 and Wipro was down 0.09 percent at USD 12.27.

In the other sectors,

Tata Motors was up 0.02 percent at USD 29.68 and Dr Reddy’s Laboratories added 0.85 percent at USD 65.20.

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Epic Research Update : FIIs in F&O on August 3

Epic Update FIIs in F&O


FIIs net sell Rs 188 crore in Index Futures

FIIs net buy Rs 588 crore in Index Options

FIIs net buy Rs 463 crore in Stock Futures

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Epic Research Update : F&O cues

Epic Research Update : F&O cues


8700 Call shed 1 lakh shares in Open Interest (OI) on August 3

8800 Call added 2 lakh shares in Open Interest

8200 Put added 2.8 lakh shares in Open Interest

8400 Put added 2.2 lakh shares in Open Interest

8500 Put added 2.8 lakh shares in Open Interest

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Epic Research Update : Indian Rupee

Epic Research Update : Indian Rupee


The Indian rupee opened marginally lower by 5 paise at 64.09 per dollar on Tuesday against previous close of 64.04.

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