Tuesday, 29 May 2012

GLOBAL MARKET UPDATE - 29-May-2012

ASIAN STOCKS MARKET

Asian stocks rose amid speculation China will do more to boost growth in the world’s second-largest economy, tempering concern about Europe’s debt crisis. China has no intention for large-scale stimulus, the official Xinhua News reported after most markets in the region closed.

U.S.STOCK MARKET

U.S. stock-index futures rose as investors awaited a report forecast to show an improvement in consumer confidence and as Greek opinion polls showed increasing support for political parties backing austerity.

EUROPEAN MARKET

European stocks fluctuated as speculation American data may show consumer confidence is growing and the housing market is stabilizing offset a report that China has no intention of introducing large-scale stimulus.

U.S.TREASURIES

Treasuries rose, reversing a decline, driving the 10-year yield down three basis points to 1.71 percent. While Treasury 10-year note yields approach record lows, they’re cheap compared with AAA debt of other nations, helping trigger record demand at U.S. bond auctions even in a fourth year of $1 trillion budget deficits.

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Monday, 28 May 2012

Commodity Tips and updates... 29-May-2012

Commodity Markets: Gold - Silver -Crude-Copper -Nickle

Commodity updates: 29-May-2012
 

The sharp drop in the international market affected the domestic market is being witnessed in the gold and silver.Comeks the gold and silver declined by 1 per cent. Crude oil slipped 0.5 per cent on the Naimeks .
Currently, 0.6 per cent on MCX gold is trading at Rs 28 910 with osteoporosis. While silver has nearly 1 per cent fall to Rs 53 900. Slipped 0.5 percent to close at MCX Crude oil is trading at Rs 5110. On MCX base metals except aluminum will decline by 0.5 per cent.

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Stock Tips 29-May-2012

Stock Market Closing  : 28-May-2012 
Nifty Updates On : 28-May-2012

Nifty Technical Levels : 29-May 2012
Stocks to buy : 29-May 2012
 



BSE SENSEX and NIFTY ended higher on MONDAY as traded over improved global sentiments. The positive rally led by India’s largest lender State Bank of India railed by 4.8 percent. Banking sector out performed today as banking giants ICICI BANK, Punjab National Bank, Bank of India, Axis Bank and IDBI Bank rose 3-5 percent along with SBIN. Investors also made buying in other recently dented blue chip stocks like BHEL, Tata Power, Hindalco and Tata Motors. However index heavy weights GAIL, Maruti, ONGC, HUL and Jindal steel limited the rally.

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Wednesday, 23 May 2012

Stock Tips 25-May-2012

Stock Market Closing  : 25-May-2012 
Nifty Updates On : 23-May-2012

Nifty Technical Levels : 28-May 2012
Stocks to buy : 28-May 2012
 
BSE SENSEX and NIFTY traded in a volatile session on FRIDAY, ended almost flat just down by 4 and 1 point respectively after a sharp rally seen on THURSDAY boosted by hike in petrol prices. Recovery in Indian Rupee and positive opening of European markets shed the losses in second half trading session. However banking and Auto stocks traded mix as banking major State Bank of India and HDFC Bank rose 1.7 percent and 0.26 percent respectively while ICICI Bank went down by 0.50 percent. Auto sector giant Tata Motor, Heromoto climbed 1 percent each while M&M and Maruti fell 2 percent.

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COMMODITY UPDATE : 25-May-2012



CRUDEOIL
Oil rose for a second day in New York, paring its fourth weekly decline, as support among European Union leaders for joint euro-area bonds fueled speculation that the bloc can resolve its debt crisis.
Crude for July delivery gained as much as 66 cents to $91.32 a barrel in electronic trading on the New York Mercantile Exchange, and was at $91.07 at 11:25 a.m. London time. The contract increased yesterday 0.9 percent to $90.66. Prices are down 0.4 percent this week and 7.9 percent this year.

GOLD
Gold futures fell for the first 3 days of this week by $43.5 or 2.7% before rebounding $9.1 to end at $1,557.5 on Thursday. Year-to-date, gold futures are down 0.6%, worse than S&P at +5.9% and Dollar Index at +2.7% but better than Stoxx at -3.8%, Euro/dollar at -3.3% and CRB Commodity Index at -7.7%.

SILVER
White precious metals weakened as well. Spot silver dropped 1.5% to USD 27.72, on course for its biggest daily decline in a week and a third straight day of decline.
The stronger dollar is pressuring silver, even though the lower prices of the metal have lured back some buying from industrial users in Asia.

COPPER
Copper traders are bearish for a second week after mounting concern that slowing growth in China and Europe would curb demand drove prices to a four-month low. Copper fell 0.2 percent to $7,584.50 a metric ton this year on the London Metal Exchange and reached $7,503 on May 23, the lowest since Jan. 10. 

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CURRENCY UPDATE : 25-May-2012



DOLLAR
The Dollar Index (DXY), which Intercontinental Exchange Inc. uses to track the greenback against the currencies of six U.S. trading partners, declined 0.2 percent to 82.092, after climbing as high as 82.411, the most since September 2010.

EURO
The euro rose from a 22-month low against the dollar after Italian Prime Minister Mario Monti said Greece will probably stay in the euro, and Germany can be persuaded to support Europe’s “common good.”

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GLOBAL MARKET UPDATE - 25-May-2012




ASIAN STOCKS MARKET
Asian stocks fell, dragging the regional benchmark index to its fourth weekly loss, on concern China’s biggest banks may fall short of loan targets for the first time in at least seven years as the economy slows. Hong Kong’s Hang Seng Index rose 0.3 percent Japan’s broader Topix Index closed little changed with volume 11 percent below the 30-day average.

U.S.STOCK MARKET
U.S. stock futures rose, with the Standard & Poor’s 500 Index heading for its biggest weekly gain in more than two months, on optimism that Greece will stay in the euro and as investors awaited a report that may confirm consumer sentiment rose to a four-year high.
U.S. stocks yesterday reversed losses as Italian Prime Minister Mario Monti said that “Europe can have euro bonds soon,” and Italy could help push Germany to support the idea of collective debt. Stocks had dropped earlier as officials said China’s biggest banks may fall short of loan targets for the first time in at least seven years amid an economic slowdown.

EUROPEAN MARKET
European stocks pared their advance as mining and telecommunications companies fell, offsetting Italian Prime Minister Mario Monti’s claim that most European Union leaders support joint bonds for the euro area. U.S. index futures gained, while Asian stocks slipped. The Stoxx Europe 600 Index added 0.1 percent to 242.03 few hours back in London, paring an earlier rally of as much as 0.8 percent. speculation China and the euro area will take steps to bolster economic growth.

U.S.TREASURIES
Treasuries headed for their first weekly loss in two months amid speculation Europe is moving closer to new measures to contain the debt crisis.
U.S. 10-year notes halted a nine-week rally as Italian Prime Minister Mario Monti said he can help bring round Germany to acting in Europe’s “common good,” with most leaders supporting joint euro-area bonds. Treasuries were still poised for a monthly gain as concern Greece will abandon the currency bloc as it battles a recession underpinned demand for the relative safety of U.S. debt. German bonds declined after yields reached all-time lows yesterday.


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