India Equity Analysis, Reports, Recommendations, Stock Tips and more!
Search Now
Recommendations
Monday, November 21, 2011
Caution prevails; Markets may open in red
On the first day of the week, the markets head towards a negative start as escalating problems in Europe's debt crisis will continue to keep investors on their toes.
Headlines for the day:
Dr Reddy's Laboratories seeks denotification of SEZ at Medak.
Foreign funds infuse Rs2,500 crore this month.
FDI jumps 77% on M&A spree.
DLF moves Delhi HC against SEBI order to probe duping charges.
NMDC-Severstal steel plant likely by 2017
2G scam: CBI raids Airtel, Vodafone's office
Govt nudges LIC to buy 10% stake in Kingfisher
Copper gains on the last day of the week
But prices falter on a weekly basis
Red metal prices at Comex ended modestly higher on Friday, 18 November 2011. Prices rose as some investors viewed supportive moves in currency markets as an opportunity to buy after the previous day's slide to one-week lows.
Copper for December delivery ended higher by 2 cent (0.6%) at $3.4 a pound at Comex on Friday. For the week, copper shed 1.7%.
Bullions rise
Gold manages to hold on to gains while silver stages impressive performance
Precious metals ended modestly higher on Friday, 18 November 2011 at Comex. While gold managed to hold on to its gains, silver was much more impressive with its performance. Traders returned to bullions following latest drop in prices for precious metals.
Gold for December delivery ended higher by $4.9 or 0.3%, to end at $1,725.1 an ounce on the Comex division of the New York Mercantile Exchange on Friday. Gold was under pressure for most of the day as many large funds have been selling positions in gold and other commodities. For the week, the yellow metal lost 3.5%. For the month of October, gold gained 6.3%. It registered a rise of 8% for the third quarter ending September.
Crude turns weak
Prices register first weekly loss in seven weeks
Crude prices ended lower on Friday, 18 November at Nymex. With Friday's losses, crude ended lower for first time in seven weeks. Prices dropped due to persistent problems in the Eurozone and global economic concerns.
Light and sweet crude for December delivery fell $1.41 (1.4%) to $97.41 a barrel on the New York Mercantile Exchange on Friday. The December contract, which expired at the end of trading on Friday, moved as high as $100.15 a barrel and as low as $98.01 a barrel. For the week, crude lost 1.6%. For the month of October, oil futures gained 18%. During the third quarter ending in September, crude incurred losses of 17%. It was the worst quarterly performance for crude in almost two years.
Sensex seen extending seven-day 6.81% slide on weak Asian equities
The market is poised for a weak start for the eight straight session mirroring weak Asian markets ahead of further details on plans from European leaders to contain burgeoning eurozone debt crisis. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 48.50 points at the opening bell.
Reliance Industries (RIL) after market hours on Friday said that RIL and BP have established India Gas Solutions a 50:50 joint venture company which will focus on global sourcing and marketing of natural gas in India. The joint venture will also develop infrastructure to accelerate transportation and marketing of natural gas within the country.
Sunday, November 20, 2011
Tulip | SBI | Jain Irrigation | IOC | Voltas | Gujarat Gas | Bharat Forge | Ranbaxy | Ashok Leyland | TVS Motors | Thermax | GSK Pharma | Bharti | Nes
Labels:
Ashok Leyland,
Bharat Forge,
Bharti Airtel,
Gujarat Gas,
IOC,
Jain Irrigation,
Nestle,
Ranbaxy,
Research Report,
Thermax,
Tulip Telecom,
TVS Motors,
Voltas
DP Group! | Facebook | Twitter
Subscribe to:
Posts (Atom)