SEBI Updates - SEBI Pitches India To Silicon Valley Investors

 

The Head of India`s financial markets regulator visited Silicon Valley this week to promote rule changes in his country protecting minority shareholders and encourage more investment in his country`s thriving technology startups.

U.K. Sinha, chairman of the Securities and Exchange Board of India (SEBI), said improved regulations make it much easier for investors in the country`s over-4,000 technology startups to eventually cash out through initial public offers in Asia`s third-largest economy.

"The technology startup scene in India has picked up dramatically," Sinha told Reuters in an interview on Thursday. "A lot of investment has taken place in those companies from Silicon Valley. The question is how they exit, and what is the minority shareholder protection available to them?"

A 2013 overhaul of India`s corporate governance rules clamped down on related-party transactions benefiting majority shareholders. It also beefed up the role of independent directors and audit committees on company boards.Minority shareholders in India now have stronger rights than in the United States, Sinha said.

In Silicon Valley, corporate governance can be a thorny issue. In April, Facebook said it would create a new class of non-voting shares so that Chief Executive Officer Mark Zuckerberg could give away his wealth without relinquishing control of the social media juggernaut he founded.

 

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Top Buzzling Headlines Of Stock Market For Monday Morning

                                                                 Stock Market Headlines

• Oil prices tumble 5% after producers fail to coordinate output .
• TCS Q4 net seen up 2%, dollar revenue may grow 1.4%: Poll.
• Post Q4, prefer Infosys to TCS: Prabhudas Lilladher .
• Exclusive : FCI dispute may lead to Punjab state loan being declared NPA .
• Exclusive : FCI dispute may lead to Punjab state loan being declared NPA
• Mallya's group denies he diverted Rs 430 crore loan money .
• FMCG, auto to gain from monsoon hope, but hang on: Pioneer.
• US jury slaps $940mn fine on Tata cos in trade secret case .
• Don't see huge tumble in crude; seasonal weakness likely.
• Stocks in news: Infosys, TCS, ITC, Symphony, NALCO, DCB, Voltas .
• In need of cash, India chases $117 bn in elusive back taxes .
• Companies line up IPOs worth Rs 15,000 cr .
• Mindtree Q4 dollar revenue may grow 3.8%; net seen up 1.4%.
• GAIL to use drones to secure gas pipelines .
• Daikin sees 20% growth in home AC sales on early summer .
• Infosys co-founder launches app chronicling Indian IT journey .
• Read More - Stock Tips

Eros Media slumps 10% as Q3 net profit decline by 65%

 

Shares of Eros International Media slumped about 10 per cent in Wednesday's trade after the company reported a 65 per cent decline in Q3 profit. The company's net profit for the quarter ending December 30 stood at Rs 37.77 crore against Rs 109.34 crore reported for the same quarter of last financial year. 

 

Reacting to the earnings, the scrip fell 9.59 per cent to hit a low of Rs 180 on the BSE.

 

Net sales during the period under review fell 31.65 per cent to Rs 335.38 crore against Rs 395.34 crore in the corresponding period last financial year, the company said in a filing to BSE.

Govt focus on Infrastructure to Boost Steel Sector

Tata Steel has said that the Government's focus on infrastructure and urbanization plan will boost the demand for steel, which is currently low in the country.

Commenting on the issue, Tata Steel Managing Director (India and South East Asia) T V Narendran told the media, “The demand for steel in the country is poised to grow as the market demand is positive due to government initiatives to invest in infrastructure, airport, road and its urbanisation plans like smart cities.”
 

“India has the capability to grow by 7 to 8 per cent and the demand for more investments in infrastructure, airport, road and the Government's urbanization plan would help grow the demand for steel,” he added.
 

The MD further added that besides India, the demand of steel was certain to grow in South East Asia, Mexico and Turkey and advocated a level playing field to face the issue of dumping from countries with surplus capacity like China, Korea and Japan and compete with world players in the sector.

Net Neutrality issue: Deadline for public comments extended to January 7

As the debate over the net neutrality resurfaces, Telecom Regulatory Authority of India (TRAI) on Wednesday decided to extend deadline for comments on differential data pricing over net neutrality to January 7.

"We have extended it to January 7 mainly due to request from telecom industry bodies," Trai Chairman RS Sharma said. The deadline for comments on the paper was ending today.
 

The Telecom Regulatory Authority of India (Trai) has extended date for counter comments to January 14, which was earlier set to close on January 7.
 

"On the request of the stakeholders, the last date for receipt of written comments/views has been extended up to January 7 and counter comments, if any, up to January 14. It has also been decided that no request for any further extension of time for submission of comments/counter comments shall be entertained," Trai said in a statement.
 

A debate on net neutrality stirred across the country after Airtel decided to charge separately for internet-based calls but withdrew it later after people protested. Internet activists and experts flayed the operator for 'Airtel Zero' service along with Facebook's internet.org service, currently renamed 'Free Basics'.
 

Facebook's Internet.org had partnered with Reliance Communications in February this year to provide free internet access to many websites as part of the initiative.

Delhi odd-even scheme: Now twitter Will help you

New Delhi: Twitter Micro-blogging site will help Delhittes know the best way of transportation and route to take during the Fifteen-day odd-even car scheme.

Twitter India has partnered with the Delhi Gov to make its ambitious scheme to decrease pollution in the city a success.

By using the hashtag pollution free Delhi (#PollutionfreeDelhi) and entering the origin and destination, users will be updated information about the nearest bus and metro stop, said a Twitter official at a press meeting.

Transport Minister Gopal Rai outlined the details of the traffic rationing system.

He said the Gov. would run 3,000 additional buses starting from New Year.

Special hologram stickers have been issued in Delhi NCR to some 5 lakh CNG vehicles, which have been exempted from the rule.

The scheme, mooted by the city Gov, will be implemented on a trial basis between Jan 1 and 15.

Rai said the registration of 2,700 buses has been completed and the remaining 300 buses would be registered by Mon or Tue. "It will benefit 15-16 lakh people."

The Gov. had earlier vowed to add 6,000 buses but it was changed after 2 wheeler were exempted from the odd-even system.

Private vehicles with odd and even registration no. will ply on odd and even dates, respectively, from Jan 1st. According to the city gov, the restrictions will apply between 8 a.m. and 8 p.m. There would be no restrictions on Sunday.

Leaked! Moto X 2016: Here's what we know

The latest leaked images of Moto X 2016 shows an internal heating pipe linked inside the inner body of the smartphone.

The heat pipe, generally used in Desktops or PCs, allows safe heat transmission from power supplies (especially processors).
 

The feature is very rare in smartphone devices but it's quite surprising and a good move by Motorola manufacturers to overcome thermal heating problems with such solution.
 

The reasons behind the introduction of a heating pipe might be: the upcoming model Moto X 2016 will be using a Snapdragon 810 processor which already had heating issues earlier and the company wants to be a step ahead so that the chipset inside the device will be cool boycotting all sort of heating evils in the new smartphone.
 

Few more leaked images show Moto X 2016 edition will be of glass construction along with a metal frame.
 

According to rumours, the upcoming model of Moto X may get equipped with fingerprint sensor feature too. The smartphone is expected to release during mid months of the year 2016.

Saurabh Mukherjea’s top sectoral picks for the New calendar year

The Relationship between corporate earnings growth and GDP numbers has been broken in the domestic economy, if one were to go by the data available for the past six quarters. This means, the frontline companies can see earnings growth only when they are able to appropriate the benefits of economic growth, says Saurabh Mukherjea, CEO, Institutional Equities, Ambit Capital.

Mukherjea says the domestic economy is in a unique situation, and what is good for the economy may not necessarily be good for the stock market.

Meanwhile, as companies become more competitive, consumers begin getting a better deal for products across all sectors. As such, the next two years are going to be largely about select stock picking in key sectors, Mukherjea said, Adding: "To make mid-teen returns, one has to be necessarily in mid-cap and small-cap companies."

                                                              TOP SECTORAL BETS

Auto & auto ancillaries: This space will become bigger. Listed auto companies and also for the foreign markets, India will become an export hub. This is reasonably a straight-forward sector and this is where you can see much more Sensex participation.

FMCG: Regional players in the FMCG space will become a big theme to play, mainly through IPOs. Players like Ghadi Detergent, Anmol Biscuts and such others will become zonal leaders and large enough to be a substantial listed player.

Financials: Life insurance will be an addition to the financial services landscape in the listing space.


                                                              TOP THEMATIC BETS

Urban consumption: This will work as a theme, because consumers are getting a fair deal. The Seventh Pay Commission reward will work as a stimulus for this space. Trent, TVS MotorBSE 0.03 %, Titan are some of the names we have in our list.

Export-oriented sectors: The export sector will do well, as the rupee is continuously sinking. If you assume that China is going to devalue its currency, then the rupee is going to decline further. The cost of capital will continue to fall in India if all the competitive dynamics play out. Export plays look hot. Export-centric companies that have got strong franchise will do well.

Road construction: Road building is where all the action is going to be. This is a sector that the government has clearly prioritised. So stocks like Ashoka Buildcon, Sadbhav Engineering should do well.

                                                               WHAT TO AVOID  

Public sector banks: More pain is in store for them as fresh NPAs are likely to come up in real estate and metals sectors. The banking sector has already 13 per cent of its assets under the stressed category. What you have in India is actually a balance sheet recession, where the capex sectors have neither interest nor ability to generate capex, and the banking sector cannot finance the capex.

Stock Market News For Commodity Market

Stock Market News for Crude oil futures closed bigger in the domestic market on Monday ahead of US industry data on supplies that will set a tone. The American Petroleum Institute will liberate its estimate of US crude, distillate and gasoline stockpiles previous week, with more closely watched data from the US Department of Energy due on Wednesday. Further, supply upset among members of the Organization of the Petroleum Exporting Countries (OPEC) in February supported prices. Profit Gains were limited as investors constantly to focus on a superfluity in North American supplies. Oil may expanded gains today after China’s manufacturing rehained into positive terrain previous months. Crude oil futures, for the March 2015 contract, ended at Rs 3,149/barrel, upward by 2.77 %, after opening at Rs 3,069, against the last close price of Rs 3,064. It touched an intraday maximum of Rs 3,177 till the ending.

Copper prices ended higher in the domestic market on Monday after China’s central bank unexpectedly cuts interest rates for the second time in less than four months, demonstrating that Beijing is becoming more aggressive in supporting the economy as its momentum slows and deflation risks rise. However, gains were curbed due to the surge in the copper stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME copper stocks increased by 825 metric tonnes to 297200 metric tonnes as on 2 March 2015. Copper prices may rise as investors now look ahead to upcoming US data which may determine the health of the world’s largest economy. At the MCX, Copper futures for April 2015 contract closed at Rs 372.85 per 1 kg, up by 0.28 per cent after opening at Rs 372.45 against the last ending price of Rs 371.80. It touched the intra-day max of Rs 375.30 till the ending.

Chana prices closed lower by 0.22 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. At the NCDEX, chana futures for April 2015 contract closed at Rs. 3,674 per quintal, down by 0.22 per cent, after opening at Rs. 3,695 against the previous closing price of Rs. 3,682. It touched the intra-day low of Rs. 3,670.

India is the biggest producer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tonnes and contributes around 70 per cent of the total world production.

Gold futures closed higher in the domestic market on Monday as traders continued to monitor the direction of the dollar while digesting the newest spate of U.S. economic data in their quest to gauge the metal’s appeal. The Commerce Department said that personal spending fell 0.2 percent in January, worse than expectations for a decline of 0.1 per cent and following a drop of 0.3 per cent in December. Gold also drew support as investors reacted to an interest rate cut in China over the weekend. Gold futures may extend gains today amid a bullish physical demand outlook and fresh policy easing in China. At the MCX, Gold futures for April 2015 contract closed at Rs 26,510 per 10 gram, up by 0.12 per cent after opening at Rs 26,600, against the last ending price of Rs 26,477. It touched the intra-day maximum of Rs 26,769 till the ending.

Barley prices closed higher by 2.14 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of strong demand from beer and cattle-feed making industries against the restricted supply in physical markets. Barley futures for April 2015 contract ended at Rs. 1,167/quintal, upward by 2.14 per cent, after opening at Rs. 1,147.5 against the previous closing price of Rs. 1,142.5. It touched the intra-day high of Rs. 1,180.

Mustard Seed prices closed lower by 0.38 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal. At the NCDEX, Mustard Seed futures for April 2015 contract closed at Rs. 3,373 per quintal, down by 0.38 per cent, after opening at Rs. 3,405 against the previous closing price of Rs. 3,386. It touched the intra-day low of Rs. 3,367

Sentiment weakened further due to the inactive export desired as a result of the weak demand for the commodity.

EU-27 accounts to about 34 percent of worlds RM seed production, others major producers are China (23 %), Canada (19 %), India (14 %), Australia (3 %), Ukraine (2%).

Maize prices closed higher by 0.24 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of a rise in the demand from exporters and poultry industries. At the NCDEX, maize futures for March 2015 contract closed at Rs. 1,260 per quintal, up by 0.24 per cent, after opening at Rs. 1,254 against the previous closing price of Rs. 1,257. It touched the intra-day maximum of Rs. 1,260.

Jeera prices closed higher by 4 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors increased their holdings in the commodity in the midst limited arrivals from growing regions. At the NCDEX, jeera futures for March 2015 contract closed at Rs. 15,080 per quintal, up by 4 per cent, after opening at Rs. 14,720 against the previous closing price of Rs. 14,500. It touched the intra-day high of Rs. 15,080.

Sentiment improved further as a result of minimize domestic supplies in the physical markets and some export enquiries.

Dollar move upward on higher yields

The dollar strikes a fresh 11-year peak against a basket of major currencies on Tuesday, as rising Treasury yields helped it conquer over its peers. The dollar index raised as far as 95.516, surpassing the last peak of 95.481 set on 23 January. It has reached a maximum not seen since September 2003. The index increased as the euro slid back below $1.1200 and as the greenback strike a near three-week max of 120.19 yen .

Market News For Commodity and Forex

Market News for Mustard seed: prices ended higher by 0.98 % on Saturday at the National Commodity & Derivatives Exchange Limited as a result of the decreased in the supply for the commodity in the major markets. Mustard seed futures for April 2015 contract ended at Rs. 3,392/quintal, upward by 0.98 %, after opening at Rs. 3,361 against the last ending price of Rs. 3,359. It touched the intra-day maximum of Rs. 3,394. India produces 5.5 million MT to7 million MT annually and about 0.15 million MT is maintained for scatter and direct consumption as the seed which leaves about 4.8 to 5.1 million MT for crushing and extracting oil. As per Market News.

Barley prices ended higher by 0.31 % on Saturday at the National Commodity & Derivatives Exchange Limited as a result of strong desired from beer and cattle-feed making industries against crampes supply in physical markets. Barley futures for April 2015 contract ended at Rs. 1,141.5 / quintal, upward by 0.31%, after opening at Rs. 1,136 against the last ending price of Rs. 1,138. It touched the intra-day maximum of Rs. 1,145.5. The consumption desired for Barley in India mostly comes for malt, poultry and animal feed. Barley malt is frightfully used for the production of alcoholic beverages in the country. 

Chana prices ended lower by 0.59 % on Saturday at the National Commodity & Derivatives Exchange Limited as a result of the steady scattering progress of pulses along with big supplies in major producing states. Chana futures for April 2015 contract ended at Rs. 3,685/quintal, downward by 0.59 %, after opening at Rs. 3,701 against the last ending price of Rs. 3,707. It touched the intra-day low-lying of Rs. 3,672. India is the biggest producer of chickpea followed by Pakistan and Turkey. India produces around 6 to 8 million tonnes and contributes around 70 % of the total world production. 

Maize prices closed lower by 0.16 % on Saturday at the National Commodity & Derivatives Exchange Limited as a result of heavy selling activity by the traders on account of bigger global supplies and weak off takes from the local buyers. Maize futures for March 2015 contract ended at Rs. 1,254/quintal, downward by 0.16 %, after opening at Rs. 1,254 against the last closing price of Rs. 1,256. It touched the intra-day low of Rs. 1,252. Sentiment weakened further as a result of a decreased in the desired for the commodity from bio-fuel making industries tracking the weaker global markets. 

Jeera prices ended lower by 0.51 % on Saturday at the National Commodity & Derivatives Exchange Limited on account of a outburst in the supply from the producing regions in the midst of a decreased in the export desired. Jeera futures for March 2015 contract ended at Rs. 14,550 / quintal, downward by 0.51 %, after opening at Rs. 14,700 against the last ending price of Rs. 14,625. It touched the intra-day low of Rs. 14,400. Global throughput of Jeera is around 2.2 lakh MT/year, of which India produces about 1.5 lakh MT / year. India exports Jeera mostly to the US, UK, UAE, Japan, Brazil, Bangladesh, Singapore and many other countries. Other Major exporters are Syria and Turkey. 

Crude oil futures closed higher in the domestic market on Saturday as investors and speculators booked new positions in the energy commodity after US rig count slide for the twelfth straight week, signaling lower production, which may help ease a over supply that has pushed prices to the lowest level in six years. 

US rig count slide by 33 to 986 in the week closed 27 February 2015, the lowest level since June 2011. However, tepid US economic data which showed a downward revision in US Q4 growth, a slide in US consumer sentiment from an eleven year highs and contraction in business activity in February signaled a slowdown in the world’s largest economy, clouding the desired outlook for the fuel. The American economy expanded at an annualized rate of 2.2 % in Q4 2014, downward from a last reported 2.6 %t, while the index measuring US consumer confidence slide for the first time in seven months, downward to 95.4 in February from 98.1 in January. 

The Chicago Business Barometer, a proxy for US business activity slide to the lowest level since July 2009 last month to 45.8 from January’s 59.4 with a reading below 50 signaling contraction. 

Oil may extend gains profit today after China’s manufacturing regaining into positive terrain last month while the country’s central bank cut interest rates for the second time in less than four months. Crude oil futures, for the March 2015 contract, ended at Rs 3,064/barrel, upward by 0.99 %, after opening at Rs 3,035, against the last close price of Rs 3,034. It touched an intraday max of Rs 3,070 till the ending. 

Gold futures ended higher in the domestic market on Saturday as investors and speculators booked new positions in the precious metal as weaker than expected US economic data signaled a cooling regaining in the world’s largest economy, raising bets that the US Federal Reserve may hold off monetary tightening in the near-term, bolstering the appeal of the bullion as a store of value. US Q4 GDP growth was revised downwards to 2.2 % annualized pace from 2.6 % earlier, while consumer sentiment in the US withdraws from an eleven-year max in February 2015. Meanwhile, India abstains from raising the import duty on gold at 10 %, signaled brighter prospects for bullion desired in the world’s largest bullion consumer. Gold futures may extend profit gains today amid a bullish physical desired outlook and fresh policy easing in China. Gold futures for April 2015 contract ended at Rs 26,477/10 gram, upward by 0.76 % after opening at Rs 26,200, against the last ending price of Rs 26,227. It touched the intra-day maximum of Rs 26,515 till the ending. 

Natural gas futures ended lower in the domestic market on Saturday as investors and speculators exited positions in the energy commodity as forecasts for warmer weather in the US faded the demand outlook for the heating fuel. Natural Gas futures for March 2015 contract ended at Rs 167.70/1 kg, downward by 1.29 % after opening at Rs 169, against the last closing price of Rs 169.90. It touched the intra-day low of Rs 167.30 till the closing. 

Zinc futures closed higher in the domestic market on Saturday as investors and speculators booked new positions in the industrial metal as strong physical desired for zinc in the domestic spot market boosted sentiment. Further, contracts to buy US existing homes increased to the highest level since August 2013 in January 2015, signaling a rise up in the housing market of the world’s largest economy, lifting the desired outlook for industrial metals. The index of US pending home sales rose 1.7 % in January 2015 following a 1.5 % drop in the prior month. Zinc futures for March 2015 contract ended at Rs 127.7/1 kg, upward by 0.31% after opening at Rs 127.4, against the last ending price of Rs 127.30. It touched the intra-day maximum of Rs 128 till the ending. 

About Forex Market News

Dollar extends profit gains after US growth data 

The dollar extended its gains profit in Asia on Monday as better-than-anticipated revised US economic growth data and an interest rate cut by China boosted confidence. In Tokyo, the dollar conveyed 119.87 yen, compared with 119.63 yen in New York and well upward from 119.17 yen in Tokyo earlier Friday. The euro slided to $1.1174 and 133.91 yen from $1.1195 and 133.93 yen in US trade.

Get More Updates and Hot Buzz about market click here: Stock Market News

Market News and Budget Special's for 28 Feb 2015

Stock Market News for Cardamom future increased in the domestic commodity market on Friday, splinter three days of losses after traders and speculators booked new positions in the commodity. Furthermore, limited supplies from the producing areas lifted upward the prices of the agri commodity. Cardamom futures for March 2015 contract were trading at Rs. 1064.20/kg, upward by 0.69 %, after opening at Rs. 1068 against the last ending price of Rs. 1056.90. It touched the intra-day low-lying of Rs. 1057.40 till the trading.

Castor seed prices increased by 0.47 % on Friday at the National Commodity & Derivatives Exchange Limited as a result of fresh desired of the commodity in the leading mandies. Castor oil, extracted from castor seed is the biggest vegetable oil exported out of India. India is the largest exporter of castor oil holding about 70 % share of the international trade in this commodity followed by China and Brazil. Castor seed futures for March 2015 contract was trading at Rs. 3,659/quintal tonnes, upward by 0.47 %, after opening at Rs. 3,633 against the last ending price of Rs. 3,642. It touched the intra-day maximum of Rs. 3,667 till the trading.

The prices of crude palm oil increased at the domestic commodity market on Friday after traders and speculators booked new positions in the agri commodity. Furthermore, cramped supplies from the producing areas also supported the agri commodity. CPO futures for February 2015 contract were trading at Rs. 454.50/kg, upward by 0.31 %, after opening at Rs. 453.70 against the last ending price of Rs. 453.70. It touched the intra-day maximum of Rs. 454.50 till the trading.

Copper futures rise in the domestic market on Friday as a regained in US durable goods orders last month signaled a rise up in the world’s largest economy, lifting the desired outlook for the base metal. Bookings for US goods meant to last at minimum three years arise for the first time in three months, upward 2.8 % in January from December when they slide a revised 3.7 %. Copper futures for February 2015 contract ended at Rs 369.45/1 kg, upward by 0.16 % after opening at Rs 367, against the last ending price of Rs 368.85. It touched the intra-day maximum of Rs 369.95 till the ending.

Gold futures slide in the domestic market on Friday as investors closed positions in the precious metal as a deepening sell-off in oil threatened to push global expansion even lower, fadding the appeal of the bullion, a hedge against increasing consumer prices. However, gambles that the US Fed may delay a planned rate boosted the appeal of gold as a store of value, restain losses in gold. A pickup in physical desired for gold from China, the world’s second largest bullion consumer supported sentiment as China’s net gold imports from Hong Kong increased to 71.6 metric tons in January from 58.8 tons in December. Gold futures for April 2015 contract is trading at Rs 26,178 /10 gram, downward by 0.14 % after opening at Rs 26,240, against the rearmost ending price of Rs 26,216. It touched the intra-day low-lying of Rs 26,151 till the ending.

Market News for Crude oil futures expanded a sell-off in the domestic market on Friday, amid worries over a global oversupply as US crude stockpiles increased for the seventh week on the trot, expanding to a new maximum. However, the losses in the fuel were restrained after the IEA saw a rebalancing in the oil market in the coming months as a price sink boosts consumption and eases supplies while global oil desired increased by 2.2 million barrels/day in December 2014, year on year, the largest profit gain in 18 months. Crude oil futures, for the March 2015 contract, are trading at Rs 3,046/barrel, downward by 0.29 %, after opening at Rs 3,046, against the last close price of Rs 3,055. It touched an intraday low-lying of Rs 3,042 till the ending.

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Stock Market News and Updates For 27 February 2015

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 labour market regaining in the world’s largest economy, clouding the desired outlook for the fuel. US jobless claims rise upward by 31,000 - 313,000 in the week ended 21 February 2015.

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.

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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.

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Stock Market Updates For 26 February 2015

Hot Buzz

Stock Market News for Crude oil futures closed lower in the domestic market on Wednesday as investors exited positions in the energy commodity after US crude oil stockpiles increased for a seventh straight week, expanding to a record max, worsening a global supply glut.

US crude supplies increased by 8.43 million barrels to 434 million barrels in the week closed 20 February 2015, the biggest in at least 80 years. US oil output increased 5,000 barrels/day to 9.29 million barrels/day, the biggest since January 1983. Sales of new homes in the US fell somewhat in January, signaling a weakening demand outlook for the fuel in the world’s biggest oil consumer. US new home sales slide to an annualized pace of 481,000 in January from 482,000 in December.

However, Saudi Arabia, OPEC’s largest oil exporter, said that it sees an uptick in global desired. A regained in manufacturing in China lifted the desired outlook for oil, cutting losses in the fuel. The gauge measuring Chinese manufacturing increased to 50.1 in February from 49.7 in January, with a reading above 50 signaling growth.

Oil may continue a decline today as record US supplies threaten to widen a global oversupply. Crude oil futures, for the March 2015 contract, ended at Rs 3,117/barrel, downward by 0.16 %, after opening at Rs 3,100, against the last close price of Rs 3,122. It touched an intraday low of Rs 3,030 till the ending.

Mcx commodity tips for Gold futures increased in the domestic market on Wednesday as investors booked fresh positions in the precious metal after Fed Chair Janet Yellen ruled out an interest rate increase in the immediate term as there is little evidence of a rise up in the expansion to the 2 % target while an improvement in the labour market hasn’t yet lifted wage growth, booming the case for continued easy money policy, boosting the appeal of the bullion as a store of value. Gold futures may expand a rally today ahead of the US jobless claims data which may show an hike in claims last week, signaling a slowing labour market regaining, and booming the case for a continued easy money policy. Gold futures for April 2015 contract ended at Rs 26,123/10 gram, upward by 0.25 % after opening at Rs 26,079, against the last ending price of Rs 26,059. It touched the intra-day maximum of Rs 26,319 till the ending.

Copper futures slide in the domestic market on Wednesday as investors exited positions in the industrial metal as China’s manufacturing data failed to allay concerns over a deepening slowdown in the world’s largest metals consumer. While manufacturing in China bounced back into expansion territory in February, a gauge of new orders contracted the most since June 2013, signaling an uncertain desired outlook for industrial metals in the world’s second largest economy. The gauge measuring Chinese manufacturing increased to 50.1 in February from 49.7 in January, with a reading above 50 signaling expansion.

Copper futures for February 2015 contract ended at Rs 365.50/1 kg, downward by 0.18 % after opening at Rs 364.80, against the last ending price of Rs 366.15. It touched the intra-day low of Rs 362.55 till the ending.

Zinc futures jumped in the domestic market on Wednesday as investors closed positions in the industrial metal amid weak physical desired for zinc in the domestic spot market. Further, a fall in US new home sales last month signaled a weakening housing regaining in the world’s largest economy, dimming the desired outlook for zinc, a widely used metal in construction activities. US new home sales slide to an annualized pace of 481,000 in January from 482,000 in December. 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.

Natural Gas futures tumbled in the domestic market on Wednesday as investors exited positions in the energy commodity as forecasts called for warmer weather across the US, faded the demand outlook for the heating fuel. Natural Gas futures for February 2015 contract ended at Rs 177.50/1 kg, downward by 4 % after opening at Rs 183.60, against the last ending price of Rs 184.9 It touched the intra-day low of Rs 176.7 till the ending.

About Derivative Makret

Bank Nifty Index opened upward at 18969.20 with +85.40 points from the last of day ending at 18883.80 and ended negative at 18733.05. From the opening we saw constantly selling in Bank Nifty, Bank Index opened with day maximum of 19069.15 and near ending of the market Bank Index traded with day low of 18700.20 and at the end of the market Bank Index ended negative at 18733.05 with -0.80%, -150.75 points downward. At the end of the market day Bank Nifty futures Gained profit of +0.58%, +109.00 points upward to end at 18996.55 from the last day ending at 18887.55 with premium of 263.50 points and percent change in open interest of +3.76%.

Nifty futures opened upward at 8825.00 with +28.80 points from the last day of ending at 8773.30. From the opening we saw continuous selling in Nifty. Nifty opened with day maximum of 8847.90 and slided downward, and near 2.45 o’clock Nifty futures traded with day low of 8796.20 but till ending Nifty regained and ended positive at 8827.00 with +0.61%, +53.70 points up. And the full day Nifty Futures traded between 8847.90 to 8796.20. At the end of the day Nifty futures Gained profit of +0.11%, +10.05 points upward to end at 8829.00 from the previous day ending at 8773.30 with premium of +61.75 points and percent change in open interest of +0.89%.

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Market News and Updates for 25 February 2015

Market News and Updates for Crude oil futures increased in the domestic market on Tuesday as investors closed positions in the energy commodity after services enlargement in the US accelerated, signaling a rise up in the world’s largest economy. The gauge measuring US services increased to 57 in February from 54.2 in the precursory month, with a reading above 50 signaling enlargement expansion.

Home price gains profit in the US accelerated in December 2014, upward by 4.5 % from the year ago month, compared to an annual 4.3 % advance in November 2014, signaling a rise up in the US housing market regaining, supporting the desired outlook for the fuel. The gauge measuring US consumer confidence slide to 96.4 in February from 103.8 in the last month. US crude oil stockpiles increased last week, signaling weakening desired for the fuel in the world’s largest oil consumer, cutting gains in the energy commodity. US crude oil stockpiles increased 8.9 million barrels in the week ended 20 February 2015.

Oil may fall down today ahead of EIA data which may show that US crude inventories enlargement from a record maximum, widening a supply glut. Crude oil futures, for the March 2015 contract, ended at Rs 3,122/barrel, upward by 0.84 %, after opening at Rs 3,103, against the last close price of Rs 3,096. It touched an intraday low-lying of Rs 3,058 till the ending.

Gold futures ended lower in the domestic market on Tuesday as investors and speculators closed positions in the precious metal after Fed Chair Janet Yellen signaled flexibility over monetary tightening in the world’s largest economy, dimming the desired for the bullion as a store of value. Gold may regained today amid a rise up in physical demand as markets in China reopen after the Lunar New Year holiday. At the MCX, Gold futures for April 2015 contract ended at Rs 26,059 / 10 gram, downward by 0 36 % after opening at Rs 26,228, against the last closing price of Rs 26,153. It touched the intra-day low-lying of Rs 25,976 till the ending.

Zinc futures climbed upward in the domestic market on Tuesday as speculators booked fresh positions in the industrial metal amid a rise up in physical desired for zinc in the domestic spot market. Investors cast aside tepid US regional manufacturing data which showed that manufacturing activity in the Richmond region came to a standstill this month as the index stood at the same mark of zero, compared to 6 in January. Zinc futures for February 2015 contract ended at Rs 128.95/1 kg, upward by 1.14 % after opening at Rs 127.75, against the last ending price of Rs 127.50. It touched the intra-day low-lying of Rs 129.50 till the ending.

Copper futures raised in the domestic market on Tuesday as  per market news blog updates, investors booked fresh positions in the industrial metal amid signs of cramped global supply after BHP Billiton Ltd., the world’s largest mining company unveiled plans to cut project spending to the shortest level since 2010, following a similar announcement by Rio Tinto Group, Glencore Plc and Freeport-McMoran Inc. Citigroup expects an rising in mined copper supplies to slow to 1.3 % in 2015 from 2 % last year. Copper stockpiles tracked by the London Metal Exchange slid 1.4 % to 295,500 tons, the largest fall since 28 May 2014.

A weaker dollar uplifted the demand for the metal as an alternative asset. Weaker greenback makes copper cheaper for those holding other currencies, thus fading demand. Copper may extend profit gains today as a regained in Chinese manufacturing lifts desired outlook. Copper futures for February 2015 contract ended at Rs 362.40/1 kg, upward by 1.83 % after opening at Rs 354.45, against the last ending price of Rs 355.90. It touched the intra-day maximum of Rs 366.85 till the ending.

Natural gas futures reassemble in the domestic market on Tuesday as investors and speculators booked fresh positions in the energy commodity as forecasts for a polar boom in the US extending into early March bolstered the desired outlook for the heating fuel. Latest weather forecasting models have called for below normal temperatures in the key US Northeast and Midwest regions through 6 March 2015. Natural Gas futures for February 2015 contract ended at Rs 187.40/1 kg, upward by 0.64 % after opening at Rs 184.4, against the last ending price of Rs 186.2 It touched the intra-day maximum of Rs 188 till the ending.

Derivatives Analysis Reports

India Indices- On Tuesday market Nifty index opened upward at 8772.90 with +17.95 points from the last day of ending at 8754.95 and ended positive at 8762.10. From the morning we saw constantly buying in Nifty Index, Nifty opened with day low-lying of 8726.75 and moved upward with continuous buying and near 1.45 O’clock Nifty Index traded with day maximum of 8800.50 and at the end of the market day Nifty Index ended positive at 8762.10 with +0.08%, +7.15 points upward. And the full day Nifty Index traded between 8800.50 to 8726.75. At the end of the day Nifty futures Gained profit of +0.11%, +10.05 points upward to close at 8763.50 from the last day closing at 8753.45 with premium of +1.40 points and percent change in open interest of -0.65%. 

Nifty Futures- Nifty futures opened upward at 8760.00 with +6.55 point from the last day of ending at 8753.45. From the opening we saw constantly buying in Nifty. Nifty opened with day low-lying of 8737.25 and moved upward, and near 1.45 o’clock Nifty futures traded with day maximum of 8782.90 and ended positive at 8758.45 with +0.06%, +5.00 points upward. And the full day Nifty Futures traded between 8782.90- 8737.25. At the end of the day Nifty futures Gained +0.11%, +10.05 points upward to end at 8763.50 from the last day of ending at 8753.45 with premium of +1.40 points and percent change in open interest of -0.65%.

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Rupee gains profit of 15 paise against dollar

The rupee fortify by 15 paise to 62.05 against the US dollar in trade today at the Interbank Foreign Exchange on rising foreign capital arrivals. Forex dealers said besides the dollar's weakness against other currencies overseas, a bigger opening in domestic stock market, supported the rupee. The rupee had closed 11 paise bigger at 62.20 against the US currency in yesterday's trade on increased selling of the American unit.

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Stock Market News For 24 February 2015

MARKET BUZZ

Market News: Crude oil futures jumped in the domestic market on Monday as investors and speculators exited positions in the energy commodity after Libya, the holder of Africa’s largest oil reserves, resumed a crude pipeline after a fire while Oman said that it means to upward production by as much as possible, widening a global supply glut. Oil fields in eastern Libya restarted crude supply to Hariga port after a pipeline was recovered while Oman, the largest Middle East producer outside of the OPEC said that it plans to boost production to 980,000 barrels/day in 2015. An OPEC official in an interview to a media news channel, ruled out the prospect of an OPEC emergency meeting to discuss production. Sales of US existing homes in the US dumped to the lowest level in nine months in January while manufacturing in the Texas region shrank this month, signaling a slowdown in the world’s largest economy, dimming the desired outlook for the fuel. US existing home sales slide by 4.9 % to an annualized rate of 4.82 million in January 2015. The gauge measuring Dallas manufacturing activity slide to -11.2 in February from -4.4 in January, with a reading below zero signaling contraction. Oil may extend a decline today as sentiment remains bearish amid worries over a widening supply glut. Crude oil futures, for the March 2015 contract, ended at Rs 3,096/barrel, down by 3.7 %, after opening at Rs 3,196, against the last close price of Rs 3,215. It touched an intraday low of Rs 3,055 till the ending.

Copper futures closed lower in the domestic market on Monday as investors and speculators closed positions in the industrial metal amid tepid desired from China, the world’s largest metals consumer, with markets being closed for a fourth day on the trot due to the Lunar New Year holidays. Plunging oil prices signaled a worsening health of the global economy, restrain desired prospects for the base metal. Despite a deal between Greece and Euro area finance officials who allowed a four month funding extension to the debt-laden country, the accord only provided Greece with some breathing space rather than offering a long term solution to its problems, fadding the demand outlook for copper. A snapshot of national activity in the US edged bigger last month, easing worries over a slowdown in the world’s largest economy, supporting the desired outlook for copper, cutting losses in the base metal. The Chicago Fed National Activity Index increased to 0.13 in January from -0.07 in December, with a reading above zero signaling expansion. Copper may extend losses today as sliding US home sales dampen the demand prospects for the metal. Copper futures for February 2015 contract ended at Rs 355.90/1 kg, downward by 0.25 % after opening at Rs 357.90, against the last ending price of Rs 356.80. It touched the intra-day low-lying of Rs 352.75 till the ending.

Gold futures ended lower in the domestic market on Monday as investors and speculators closed positions in the precious metal as a powerful dollar restrain the demand for the bullion as an alternative asset. Stronger bullion makes gold more expensive for those holding other currencies, thus fadding demand. Further, plunging crude oil prices threatened to exert further downward pressure on global booming, dimming the appeal of gold, a hedge against rising consumer prices. Gold also slides after Greece struck a provisional deal with Euro group finance ministers to get a four-month extension on its bailout, repress safe haven demand. Caution ahead of the testimony of Fed Chair Janet Yellen to a US Congressional Committee on Tuesday where she may offer cues over the Fed’s assessment of the world’s largest economy and the timing of the maiden US interest rate increased since 2006 also weighed on sentiment. Gold may extend a decreased today as investors cautiously await the Yellen speech to the Congress. Gold futures for April 2015 contract ended at Rs 26,153/10 gram, downward by 0.47 % after opening at Rs. 26,228 against the last closing price of Rs. 26,277. It touched the intra-day low-lying of Rs 25,955 till the ending.

Natural Gas futures closed lower in the domestic market on Monday as investors and speculators booked profits in the energy commodity after prices rise in the last session when forecasts for a polar blast extending into early March bolstered the desired outlook for the heating fuel. Latest weather forecasting models have called for below normal temperatures in the key US Northeast and Midwest regions through 6 March 2015. Natural Gas futures for February 2015 contract ended at Rs 181.60/1 kg, downward by 1.3 % after opening at Rs 186.3, against the last ending price of Rs 184. It touched the intra-day low-lying of Rs 180.40 till the ending.

Zinc futures closed lower in the domestic market on Monday as investors and speculators closed exited positions in the industrial metal amid weak physical desired for zinc in the domestic spot market. However, an upward in German business confidence for a fourth month on the trot in February, signaled a pickup in Europe’s largest economy, lifting the desired outlook for industrial metals, cutting losses in zinc futures. The gauge measuring German business confidence rose to 106.8 in February from 106.7 in January. Zinc futures for February 2015 contract ended at Rs 126.65 /1 kg, downward by 0.20 % after opening at Rs 127.75, against the last ending price of Rs 126.90. It touched the intra-day low-lying of Rs 126.35 till the ending.

Silver futures slid by 0.17 percent on profit booking as our Market News says Silver prices slid by 0.17 % to Rs 36,253/kg in futures trade today amid profit booking by speculators and a weak global trend. At the MCX, silver for delivery in March decreased by Rs 61, or 0.17 %, to Rs 36,253/kg in a business throughput of 1,278 lots. At the MCX, silver for delivery in March decreased by Rs 61, or 0.17 %, to Rs 36,253/kg in a business turnover of 1,278 lots. The metal for delivery in May traded lower by Rs 57, or 0.16 %, to Rs 36,610/kg in 155 lots. Market researchers said besides profit-booking by speculators at prevailing levels, a weak global trend mainly increased to the decline in silver prices at futures trade. Silver slid by 0.06 % to USD 16.26 an ounce in Singapore.

 

About Derivative Analysis

Nifty futures opened upward at 8945.00 with +95.55 point from the last day ending at 8849.45. From the opening we saw continuous selling in Nifty. Nifty opened with same day max of 8945.00 and slided downward, at the end of the market day Nifty Futures ended negative at 8742.10 with -1.21%, -107.35 points downward with day low of 8735.20. And the full day Nifty Futures traded between 8945.00 to 8735.20. At the end of the day Nifty futures Loosed -1.21%, -107.35 points downward to close at 8742.10 from the last day closing at 8735.20 with premium of 12.85 points and percent change in open interest of -18.54%. 

India Indices- On Monday market Nifty index opened upward at 8856.85 with +23.25 points from the last day closing at 8833.60 and ended negative at 8754.95. From the morning we saw constantly selling in Nifty Index, Nifty opened with day maximum of 8869.00 slided downward with continuous selling and at the closed of the market day Nifty Index closed negative at 8754.95 with -0.89%, -78.65 points down ward with day low-lying of 8736.10. And the full day Nifty Index traded between 8869.00 to 8736.10. At the end of the day Nifty futures Loosed -1.21%, -107.35 points downward to end at 8742.10 from the last day of ending at 8735.20 with premium of 12.85 points and percent change in open interest of -18.54 percent. 

About Forex Market

Russia's rouble edged bigger on Friday, helped by a modest increase in oil prices and the end-of-month tax period, but traders were likely to continue cautious before an upcoming holiday weekend.

The rupee regained by 14 paise at 62.20 against the US dollar in trade today at the Interbank Foreign Exchange market on fresh selling of the American currency by exporters.

Forex dealers indicate though selling of the US currency by exporters and banks supported the rupee but the dollar's strength against other currencies overseas and a lower opening in domestic equity markets, limited the rise. As per latest updates on our Market News Blog.

Hot Buzz for Stock Market News

Shares of SpiceJet rise upward by 3 % intraday. After getting the Competition Commission of India nod previous week, Ajay Singh has finally completed the takeover process of the cash confined airline.

2015 Union Budget: Government should give more tax sops to insurance: Max Life Union budget is the largest opportunity for the Government to showcase its vision for the economy.