Evening Update For 28th March 2017 - Angel Commodities

News and Analysis

* US Republican Healthcare bill backed by Trump failed in Congress.

* German Ifo Business Climate surged to 112.3 in Mar’17.

* LME Copper stocks fell by 0.7 percent on Monday. 

 

European stocks are trading higher as global concerns regarding US economic policy subsided. Asian m

28/03/2017 4:35:16 PM | Posted in Commodities Reports read full news
We maintain our Neutral view on Dr Reddy's Laboratories Ltd - Angel Broking

Below is the views on Dr Reddy's Laboratories Ltd By Ms. Sarabjit Kour Nangra (VP Research- Pharma, Angel Broking Pvt Ltd):

“Dr Reddy's Laboratories Ltd and Integra LifeSciences Holdings Corporation, a global medical Technology company, have entered into an exclusive distribution agreement. Under the agreement, will market and distribute

We expect MCX copper prices to trade sideways - Angel Commodities

Bullion

Gold

On Monday, spot gold prices rose by 0.8 percent to close at $1253.8 per ounce after U.S. President Donald Trump's failure to push through a healthcare reform package on Friday raised questions over his ability to deliver promised tax cuts and spending plans.

Gold had already rallie

28/03/2017 10:04:50 AM | Posted in Commodities Reports read full news
We expect sugar prices to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean April futures closed lower on Monday falls more than 0.5% due to higher arrivals and steady demand from the mills. The supplies have been higher this week compared to previous week. As per Agmarknet, arrivals of soybean during 20-25 Mar were about 80,555 tonnes Vs 40,910 tonn

28/03/2017 9:53:20 AM | Posted in Commodities Reports read full news
We expect MCX March contract to trade higher - Angel Commodities

Jeera / Cumin

* Jeera futures jumped higher last week on good physical and export demand coupled with lower supplies. The most-active Apr’17 delivery contract closed 7.2 % higher to settle at Rs. 17,935 per quintal. Market participants are expecting good exports demand in coming months.

* The arrivals have declined last week in the phys

27/03/2017 5:28:29 PM | Posted in Commodities Reports read full news
EURINR spot is expected to trade higher - Angel Broking

Rupee

Last week, USDINR spot appreciated marginally by 0.08 percent owing to the following factors:

* Weak US Dollar Index after President Donald Trump's failure to pass healthcare reform raised doubts over his ability to push through his economic agenda.

* Sustained selling of US Dollar by expor

Evening Update For 27th March 2017 - Angel Commodities 

News and Analysis

* US Republican Healthcare bill backed by Trump failed in Congress.

* German Ifo Business Climate surged to 112.3 in Mar’17.

* LME Copper stocks fell by 0.4 percent on Friday. 

 

European stocks are trading lower as global investors are skeptical whether Donald Trump will be able

27/03/2017 5:15:02 PM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade lower today - Angel Commodities

Bullion

Gold

Last week, Spot gold prices traded higher by 1.3 percent, to close at $1243.8/oz, while MCX gold prices rose by 1 percent at Rs.28793 per 10 gms.

The European Central Bank said on Thursday that economic recovery in the euro zone was gaining ground while data last week indicated strong

27/03/2017 10:44:38 AM | Posted in Commodities Reports read full news
We expect Jeera futures to trade higher - Angel Commodities

Agri-Fundamentals

Soybean

Soybean April futures closed higher for the week but falls more than 2% on Friday on higher arrivals and steady demand from the mills. The supplies have been higher compared to last week. As per Agmarknet, arrivals of soybean during 20-25 Mar were about 80,555 tonnes Vs 40,910 tonnes

27/03/2017 10:13:17 AM | Posted in Commodities Reports read full news
EURINR spot is expected to trade higher owing to weak DXY - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee appreciated marginally by 0.08 percent in the last week owing to weak US Dollar Index in the overseas market which resulted into selling of US Dollar by exporters and banks. Investors fear that Trump’s failure to repeal Obamacare may mean his progrowth ta

The intraday supports for the Nifty Bank index are placed around 21010 and 20938 - Angel Broking

Sensex (29421) / Nifty (9108)

In the week gone by, we witnessed some tussle between the market participants as the market remained under pressure during the first half; whereas we saw a decent recovery in the latter one. At the end, the Nifty managed to regain the 9100 mark on a closing basis, which is an encouraging sign for our market.

Look

Evening Update For 24th March 2017 - Angel Commodities

News and Analysis

* US Healthcare bill set for vote in the Congress today.

* US crude oil stocks surged by 5 million barrels.

* Shanghai Copper stocks fell to 312,584 tonnes this week. 

 

European stocks are trading lower as investors are cautious ahead of the Republican health-care bill vote in the Con

24/03/2017 5:00:54 PM | Posted in Commodities Reports read full news
BS-IV rollout expected be neutral on the automobile sector - Angel Broking

Below is the views on automobile sector By Mr. Shrikant Akolkar (Research Analyst- Auto & Auto Ancillary, Angel Broking Pvt Ltd):  

“The upcoming BS-IV standards are expected to have a neutral impact on the automobile sector. Most passenger vehicle makers are already following the BS-IV norms hence we expect no impact of BS-IV implementa

We expect Crude Oil prices to trade lower today - Angel Commodities

Bullion

Gold

On Thursday, spot gold prices declined by 0.32 percent to close at $1244 per ounce as the dollar index, which measures the greenback against a basket of currencies, was slightly firmer at 99.769. It had dropped to its lowest in nearly seven weeks at 99.547 on Wednesday.

The European Cen

24/03/2017 11:04:48 AM | Posted in Commodities Reports read full news
We expect Jeera futures to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean April futures edged higher on Thursday due to higher demand even the supplies have been higher compared to last week. As per Agmarknet, arrivals of soybean this week till Thursday are about 48,859 tonnes Vs 23,832 tonnes last week same time. There is a good domestic as well a

24/03/2017 10:23:57 AM | Posted in Commodities Reports read full news
GBPINR spot is likely to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee spot traded on a flat note in yesterday’s trading session owing to persistent demand for US Dollar by importers and banks. Concerns over Donald Trump future policies have kept markets in a cautious mood. Investors fear that Trump’s failure to repea

The intraday support for the Nifty Bank index is placed in the range of 20700 - 20750 - Angel Broking

Sensex (29332) / Nifty (9086)

We witnessed a gap up opening yesterday after US markets taking some breather and importantly, the US Dollar index maintaining its position below the 100 mark. The buying interest was seen in the first and last hour of the session. As a result, the Nifty managed to trim major portion of Wednesday’s losses to end the

Evening Update For 23rd March 2017 - Angel Commodities

News and Analysis

* US Healthcare bill set for vote in the Congress today.

* US crude oil stocks surged by 5 million barrels.

* LME Copper stocks plunged by 2.1 percent on Wednesday. 

 

European stocks are trading mixed as investors are cautious ahead of the Republican health-care bill vote in the Congr

23/03/2017 4:48:56 PM | Posted in Commodities Reports read full news
Castor seed surges on weaker output, higher export prospects - Angel Commodities

Outlook

The price of castor seed have been surging this year as supplies have been on lower side. Country is going to see second successive year of lower production mainly due lower acreage. Despite the

steady exports demand for meal and oil during the first two months of 2017, the prices have been in the higher side.

According to t

23/03/2017 12:08:33 PM | Posted in Commodities Reports read full news
Gold prices are expected to trade higher today - Angel Commodities

Bullion

Gold

On Wednesday, spot gold prices rose by 0.4 percent to close at $1248.9 per ounce and traded at three-week high levels as risk-averse investors dumped equities amid a weaker dollar and sought safe havens on growing doubts about U.S. President Donald Trump's economic agenda.

Earlier,

23/03/2017 11:25:03 AM | Posted in Commodities Reports read full news
We expect Soybean prices to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean April futures edged higher on Wednesday on expectation of good demand from Industries. The supplies have been lower due to lower prevailing prices. There is steady domestic as well as export demand. Soybean exports during OctFeb were estimated at 112,000 tonnes, compared with

23/03/2017 10:50:46 AM | Posted in Commodities Reports read full news