Neutral On Bank Of Baroda Ltd - Angel

Performance Highlights

BoB’s 3QFY17 results remained disappointing. The bank continues to face headwinds on asset quality on one hand, while on the other hand the balance sheet continued to de-grow as the management intentionally downsized some low margin business. Coming few quarters might be challenging for the bank.

 

18/02/2017 11:36:16 AM | Posted in Broking Firm Views - Long Term Report read full news
Evening Update For 17th February 2017 - Angel Commodities

News and Analysis

* Philly Fed Manufacturing Index jumped to 43.3 in Feb’17.

* LME Copper stocks down by 3.2 percent on Wednesday.

* UK Retail Sales down by 0.3 percent in Jan’17.

European stocks are trading lower today hurt by decline in mining and bank stocks. Asian markets are trading lower and the US stock

17/02/2017 5:00:31 PM | Posted in Commodities Reports read full news
Accumulate Alkem Laboratories Ltd For Target Rs.1,996.00 - Angel

Alkem Laboratories

Domestic business remains strong, US business shows strong growth:

Alkem reported revenue grew of 15% yoy in 3QFY17. Domestic revenue grew by 16.8% yoy to `1,030cr while exports grew by 18.7% to `432cr. US revenue grew by 30% yoy to `339cr. Other exports de-grew by 9.8% yoy as company contin

17/02/2017 2:32:05 PM | Posted in Broking Firm Views - Long Term Report read full news
We expect oil prices to trade lower - Angel

Bullion

Gold

On Thursday, spot gold prices rose by half a percent to close at $1238.8 per ounce as the dollar weakened after a 10-day winning streak and investors took the opportunity to buy bullion as a hedge against political uncertainty in the United States and Europe.

Concern over U.S. President

17/02/2017 11:31:43 AM | Posted in Commodities Reports read full news
EURINR is expected to trade sideways today - Angel

FUNDAMENTAL OUTLOOK

Indian rupee

Indian Rupee depreciated yesterday by 0.31 percent largely owing to buying of the greenback by banks and exporters. However, positive momentum in domestic markets restricted sharp downside. Sensex and Nifty surged by 0.5 and 0.6 percent respectively. Due to all the above factor

We expect Jeera futures may trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

Soybean futures closed lower on Thursday on weak spot market as sufficient supplies pitting pressure on prices. The production is expected to be higher this year and the oil millers active at lower prices so that they can have parity to export soy meal at competitive rates. The Soybea

17/02/2017 10:45:19 AM | Posted in Commodities Reports read full news
The Nifty Bank index made a high around 20300 levels - Angel

Sensex (28301) / Nifty (8778)

A weak session on Wednesday was followed by a flat opening in our market amid mixed global cues. Subsequently, the index slipped slightly towards Wednesday’s low. However, as mentioned in the previous report, 8715 acted as a rock solid support and as a result, we witnessed a decent recovery in the second half to end

Evening Update For 16th February 2017 - Angel Commodities

News and Analysis

* Janet Yellen sounds hawkish in her testimony.

* LME Copper stocks up by 0.4 percent on Tuesday.

* US Crude Oil Inventories surged by 9.5 million bbl last week.

European stocks are trading lower today on concerns that the rally in global stocks post Yellen’s comments was overdone. Asian markets ar

16/02/2017 5:41:11 PM | Posted in Commodities Reports read full news
The Indian Equity markets displayed their resilience and NIFTY closed 53 points higher at 8778 - Angel

Below the views on Indian Equity markets  ByMr. Mayuresh Joshi (Fund Manager, Angel Broking Pvt Ltd)

“The Indian Equity markets displayed their resilience and NIFTY closed 53 points higher at 8778. IT stocks were in the limelight in lieu of the announcement related to the buyback made by TCS. Though the quantum of the buyback and other d

16/02/2017 5:39:08 PM | Posted in Mutual Fund Expert Views read full news
MCX, gold prices are expected to trade higher today - Angel

Bullion

Gold

On Wednesday, spot gold prices rose by 0.35 percent to close at $1232.6 per ounce as the dollar came off its highs on Wednesday, shrugging off earlier pressure from stronger-than-forecast U.S. inflation and retail sales that added to expectations for near-term U.S. interest rate rises.

U

16/02/2017 11:44:14 AM | Posted in Commodities Reports read full news
EURINR is expected to trade higher today - Angel

FUNDAMENTAL OUTLOOK

 Indian rupee  

Indian Rupee appreciated marginally yesterday owing to selling of the greenback by banks and exporters despite stronger DX overseas. Also, positive momentum in Asian currencies supported an upside. However, sharp appreciation was restricted since the domestic marke

The near term supports for the Nifty Bank index are placed around 20000 and 19800 - Angel

Sensex (28156) / Nifty (8725)    

Finally, after five days of boredom we saw some action in our market, however, unfortunately, it was not so encouraging for the bulls. The index opened with minor downside gap and remained under pressure throughout the remaining part of the day to post the weak session with a loss of 0.77% over its previous d

Guar Complex prices jumped higher - Angel Commodities

NCDEX Guar Complex prices jumped higher on Wednesday on expectation of good export demand in coming months. The NCDEX most-active Guar Seed March Delivery contract rose 2.21 percent or Rs 72 on Wednesday to Rs 3,328 per quintal. In Guar seed, same type of jump was seen on 1st Feb but then the prices have move down due weak fundamentals of higher carryover stocks with the traders and millers.&nb

15/02/2017 5:26:38 PM | Posted in Commodities Reports read full news
Evening Update For 15th February 2017 - Angel Commodities

News and Analysis

* Janet Yellen sounds hawkish in her testimony.

* LME Copper stocks declined by 3 percent on Monday.

* UK’s Claimant Count Change down by 42.4k in Jan’17.

European stocks are trading higher today as major banking shares gained in anticipation of tighter monetary policy in the US. Asian market

15/02/2017 5:24:44 PM | Posted in Commodities Reports read full news
Crude oil prices are expected to trade lower today - Angel Commodities

Bullion

Gold

On Tuesday, spot gold prices rose by 0.26 percent to close at $1228.2 per ounce as the dollar ticked higher after U.S. Federal Reserve Chair Janet Yellen hinted at a hike in interest rates in an upcoming meeting of the central bank.

The Federal Reserve will likely need to raise interes

15/02/2017 10:58:03 AM | Posted in Commodities Reports read full news
We expect Jeera futures to trade down - Angel Commodities

Soybean

Soybean futures continue to trade lower this week on expectation of sufficient supplies in the domestic market. The production will be higher this year and the oil millers are purchasing soybean at lower prices so that they can have parity to export soy meal at competitive rates. The Soybean Processors Association of India has raised the estim

15/02/2017 10:00:08 AM | Posted in Commodities Reports read full news
USDINR spot is expected to trade sideways - Angel Broking

Indian rupee

Indian Rupee appreciated by 0.2 percent yesterday as weakness on the DX during the day after White House national security adviser Michael Flynn resigned over allegations of improper contact with Russian officials, supported an upside in Asian currencies. On the data front, Indian consumer prices rose by an annual 3.17 percent last month,

The near term supports for the Nifty Bank index are placed around 20120 and 20000 - Angel Broking

Sensex (28339) / Nifty (8792)

Yet another session opened with an upside gap and it was almost an ‘Open High’ kind of situation for our market. Generally, we see market remaining under pressure when ‘Open High’ occurs and similar to this we witnessed yesterday. Our market traded in a narrow range and traded with a mildly negative

Evening Update For 14th February 2017 - Angel Commodities

News and Analysis

* Janet Yellen Speech the key watch tonight

* LME Copper stocks continue to fall creating support for prices

European stocks are trading higher today ahead of key speech by Janet Yellen the Chair person of the US Fed. Asian markets are trading lower and the US stock futures are trading in the red.

Gold p

14/02/2017 5:10:07 PM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade higher - Angel Commodities

Bullion

Gold

Spot gold prices declined by 0.7 percent to close near one week low of $1225 per ounce as the dollar gained momentum after two-day US Japan summit held over the weekend was seen to have ended smoothly.

Also, the greenback buoyed by a smooth meeting between U.S. President Donald Trump a

14/02/2017 10:25:01 AM | Posted in Commodities Reports read full news