Stock Market News for Crude oil futures collapsed in the domestic market on Thursday as investors exited positions in the energy commodity as record max in US stockpiles expanded a global oversupply. US crude supplies increased for a seventh straight week, upward by 8.43 million barrels to 434 million barrels in the week closed 20 February 2015, the largest in at least 80 years.
The number of Americans filing for jobless benefits has increased the most since December 2013 last week, signaling a faltering
Investors cast aside US robust goods orders data which showed that bookings for goods meant to last at least three years increased for the first time in three months, upward 2.8 % in January from December when they slide a revised 3.7 %. US home prices increased 0.8 % in December from November, signaling an improving US housing regaining.
Oil may regained today after the IEA saw a rebalancing in the oil market in the coming months as price dump boosts consumption and restricts supplies while global oil desired increased by 2.2 million barrels/day in December 2014, year on year, the most since 18 months. Crude oil futures, for the March 2015 contract, ended at Rs 3,055/barrel, downward by 1.99%, after opening at Rs 3,142, against the last close price of Rs 3,117. It touched an intraday low-lying of Rs 3,047 till the ending.
Gold futures ended higher in the domestic market on Thursday after the first annual drop in US consumer prices since October 2009 previous month raised speculation that the US Federal Reserve may refrain from increasing interest rates in the near-term, fortifying the appeal of the bullion as a store of value.
US consumer price index slides 0.1 % in the year to January 2015 while it decreased 0.7 % from December 2014, the highest fall in six years, signaling the risk of decline in the world’s biggest economy amid plunging fuel prices.
However, a stronger dollar restrains the desired for gold as an alternative asset, cutting profit gains in the bullion. Stronger greenback makes gold more expensive for those holding other currencies, thus dimming desired.
Gold may extend profit gains today after US jobless claims data suggested the case for the Fed to hold off tightening rates. Gold futures for April 2015 contract ended at Rs 26,216/10 gram, upward by 0.36 % after opening at Rs 26,245, against the last ending price of Rs 26,123. It touched the intra-day maximum of Rs 26,370 till the ending.
Copper futures raised in the domestic market on Thursday as investors and speculators booked fresh positions in the industrial metal amid speculation that policy makers in China may amplify stimulus to stem a slow-down in the world’s largest copper consumer, lifting desired outlook.
Copper may extend a rally today as up rise US factory data lifts desired outlook. Copper futures for February 2015 contract ended at Rs 127.35/1 kg, upward by 0.39 % after opening at Rs 127.70, against the last ending price of Rs 126.85. It touched the intra-day maximum of Rs 128.90 till the ending.
Natural Gas futures plunged in the domestic market on Thursday as investors and speculators exited positions in the energy commodity tracking a weak trend in the overseas market as US gas supplies fell less than expected last week signaling weak desired for the heating fuel despite the frigid weather.
US gas stockpiles slide by 219 billion cubic feet to 1.938 trillion cubic feet in the week closed 20 February. Natural Gas futures for March 2015 contract ended at Rs 169.10/1 kg, downward by 4.73 % after opening at Rs 179.30, against the last ending price of Rs 177.50. It touched the intra-day low-lying of Rs 168.10 till the ending.
Zinc futures closed higher in the domestic market on Thursday as investors and speculators booked new positions in the industrial metal as strong physical desired for zinc in the domestic spot market boosted sentiment. Consumer confidence in Germany may strike the biggest level in more than 13 years next month, signaling a rise up in Europe’s largest economy, lifting the desired outlook for zinc. Zinc futures for February 2015 contract ended at Rs 126.85/1 kg, downward by 1.05 % after opening at Rs 128.75, against the last ending price of Rs 128.20. It touched the intra-day low of Rs 126.60 till the ending.
Bank Nifty Index opened upward at 18781.40 with +48.35 points from the last day ending at 18733.05 and ended negative at 18538.10. From the opening we saw continuous selling in Bank Nifty, Bank Index opened with day maximum of 18795.10 and near ending of the market Bank Index traded with day low-lying of 18489.60 and at the end of the market Bank Index ended negative at 18538.10 with -1.04%, -194.95 points downward. At the end of the market day Bank Nifty futures Loosed -1.08%, -201.85 points downward to end at 18536.10 from the last day of closing at 18737.95 with a discount of -2.00 points and percent change in open interest of -16.65%.
Nifty futures opened upward at 8781.10 with +13.95 points from the last day of ending at 8767.15. From the opening we saw constantly selling in Nifty. Nifty opened with day maximum of 8781.10 and slided downward, and near 2.30 o’clock Nifty futures traded with day low-lying of 8671.15 and ended negative at 8683.45 with -0.95%, -83.70 points downward. And the full day Nifty Futures traded between 8781.10 to 8671.15. At the end of the day Nifty futures Loosed -0.95%, -83.70 points downward to end at -8683.45 from the last day of ending at 8767.15 with a discount of 0.40 points and percent change in open interest of -19.42 percent.
Sensex rises up over 180 points in early trade ahead
The benchmark BSE Sensex regained over 180 points in early trade on Friday on emergence of buying by funds and retail investors ahead of the release of Economic Survey. Further, beginning of March series in the derivatives segment, supported the up ward in stock prices. The National Stock Exchange index Nifty recaptured the 8,700-mark by increasing 57.15 points, or 0.66 %, to 8,741.
About Forex Market News
Russian rouble upward by 0.8 percent against the US dollar
Russian rouble opened 0.8 % stronger against the US dollar on Thursday, trading at 60.8. At 0704 GMT, the rouble was throughout 0.8 % stronger against the euro at 69.1.
0 comments:
Post a Comment