Cotton futures are expected trade sideways to higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean August futures jumped 1% on Thursday on account of short covering by the market participants amid good rains in the soybean producing areas. Open Interest dropped by 1400 tonnes yesterday while price increases. Prices have been trading sideways this week on lower acreag

21/07/2017 10:04:19 AM | Posted in Commodities Reports read full news
USDINR spot is likely to weaken - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee depreciated by 0.19 percent despite lower US Dollar Index. Reason behind the same could be attributed to weak trading in Asian market currencies which influenced the Indian Rupee too. Markets are worried about amid greater political uncertainty acros

The intraday supports for the Nifty Bank index are placed in the range of 24070 - 24000 - Angel Broking

Sensex (31904) / Nifty (9873)

Last four day’s price action replicates a tug of war between both the counterparties. Wednesday’s smart recovery was followed by yet another positive opening, which was very much on cards. However, as expected, once again we witnessed our benchmark index (Nifty) struggling in the zone of 9910 – 9930. As a

Evening Update For 20th July 2017 - Angel Commodities

News and Analysis

* Global markets positive ahead of ECB Press conference.

* LME Copper stocks fell by 0.4 percent on Wednesday.

* UK Retail Sales gained 0.6 percent in June’17.

European markets are trading higher ahead of ECB Press conference. Asian markets are trading higher and the US stock futures are trading in

20/07/2017 5:25:04 PM | Posted in Commodities Reports read full news
Crude oil prices are expected to trade sideways today - Angel Commodities

Bullion

Gold

On Wednesday, spot gold prices fell marginally to close at $1240.4 per ounce as dollar recovered from ten month lows touched in the aftermath of failure of US HealthCare bill and softening stance of the Federal Reserve.

Also, SPDR gold holdings fell 5.6 tonnes to five month low of 821.

20/07/2017 11:07:28 AM | Posted in Commodities Reports read full news
Sugar futures may trade sideways to down - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean August futures fell on Wednesday due to profit booking by the market participants on good rains in MP and Rajasthan. Prices have been trading sideways this week on lower acreage and steady demand. As per government data, area under soybean crop across the country for th

20/07/2017 10:54:06 AM | Posted in Commodities Reports read full news
JPYINR spot is expected to weaken - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee appreciated marginally by 0.02 percent despite strong US Dollar Index. Reason behind this strength could be attributed to the increased expectation of a rate cut by RBI in the upcoming Monetary Policy Meeting. According to a Reuters’ poll, Ind

We witnessed a smart recovery towards the 9900 mark - Angel Broking

Sensex (31955) / Nifty (9900)

Tuesday’s surprising down move was followed by some sigh of relief for the bulls as we saw Nifty opening higher and extending these gains in the latter half to reclaim the 9900 mark. This move was mainly propelled by the banking conglomerates that came for a rescue after the index heavyweight counter ‘ITC&rsqu

Evening Update For 19th July 2017 - Angel Commodities

News and Analysis

* Chinese economic data supports base metals.

* LME Copper stocks surged by 0.6 percent on Tuesday.

* BoJ, ECB monetary policy due this week.

European markets are trading higher ahead of ECB Press conference. Asian markets are trading higher and the US stock futures are trading in the red. Gold prices ar

19/07/2017 5:11:31 PM | Posted in Commodities Reports read full news
We expect Ref Soy oil to trade sideways to higher - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean August futures closed with 1.24% gains on Tuesday on some short covering. Moreover, due to lower acreage, irregular rains in soybean growing areas and lower arrivals in the physical market also support prices. As per government data, area under soybean crop across the co

19/07/2017 10:24:19 AM | Posted in Commodities Reports read full news
Gold prices are expected to trade higher today - Angel Commodities

Bullion

Gold

On Tuesday, spot gold prices rose by 0.65 percent to close at $1242 per ounce as prices hit a more than two-week high supported by expectations of stronger demand from the physical market and as the dollar fell on fading prospects of an imminent increase in U.S. interest rates.

Data fr

19/07/2017 10:06:43 AM | Posted in Commodities Reports read full news
GBPINR spot is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee appreciated by 0.10 percent on account of weak US Dollar Index on strong Chinese economic data and doubts that the Federal Reserve would raise interest rates again this year. On the domestic front, sustained selling of the US Dollar by exporters and

The intraday supports for the Nifty Bank index are seen around 23900 and 23755 - Angel Broking

Sensex (31711) / Nifty (9827)

Despite subdued global cues, yesterday’s gap down opening (in Nifty) was mainly on the back of index heavyweight ‘ITC’ tumbling more than 10% in the pre-opening session. We saw some attempt of recovery in Nifty in the midst of the session; but, rub off effect (of ITC) was being witnessed on the broader m

Evening Update For 18th July 2017 - Angel Commodities

News and Analysis

* US healthcare bill rejected by two more senators.

* LME Copper stocks declined by 0.6 percent on Monday.

* BoJ, ECB monetary policy due this week.

European markets are trading lower as US healthcare bill witnessed another hiccup after rejection by two more Republican senators. Asian markets are trading

18/07/2017 5:07:58 PM | Posted in Commodities Reports read full news
We expect MCX copper prices to trade sideways today - Angel Commodities

Bullion

Gold

On Monday, spot gold prices rose by 0.43 percent to close at $1233.9 per ounce fter the dollar slumped to multi-month lows on the back of data that pointed to weak U.S. inflation and dampened prospects for rate hikes.

Recent soft U.S. inflation and domestic demand figures undermined ar

18/07/2017 10:53:00 AM | Posted in Commodities Reports read full news
Soybean futures are expected to trade sideways - Angel Commodities

Agri-Fundamentals

Soybean

NCDEX Soybean August futures closed lower on Monday on hope that monsoon rains in soybean areas in MP, Maharashtra and Rajasthan may boost crop. As per government data, area under soybean crop across the country for the 2017-18 kharif was 73.44 lakh hectares till last week, down abou

18/07/2017 10:00:23 AM | Posted in Commodities Reports read full news
EURINR spot is likely to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee appreciated marginally by 0.07 percent on account of weak US Dollar Index on strong Chinese economic data and doubts that the Federal Reserve would raise interest rates again this year. On the domestic front, sustained selling of the US Dollar by e

The intraday supports for the Nifty Bank index are placed around 23900 and 23755 - Angel Broking

Sensex (32075) / Nifty (9916)

Yesterday, we saw our markets consolidating after hitting fresh record highs beyond the 9900 mark. The Nifty oscillated within as small as trading range of 34 points throughout the day to end the session with a mildly positive bias.

In last 5 – 6 trading sessions, we have been witnessing some gravity defyi

Evening Update For 17th July 2017 - Angel Commodities

News and Analysis

* China’s second quarter GDP at 6.9%; beats expectations.

* LME Copper stocks plunged by 1.6 percent on Friday.

* BoJ, ECB monetary policy due this week.

European markets are trading higher after better than expected Chinese growth numbers. Asian markets are trading higher and the US stock futures

17/07/2017 5:21:05 PM | Posted in Commodities Reports read full news
We expect soybean for Aug delivery to trade higher - Angel Commodities

Gold

* Last week, spot gold prices rose by 1.3 percent to close at $1228.6 per ounce while on the MCX gold prices rose by 0.9 percent to close at Rs.28193 per 10 gms.

* The MSCI world index hit a record high for the fourth time in less than a month as investors took Yellen's remarks as a green light for risk-taking. The U.S. economy is h

17/07/2017 3:09:18 PM | Posted in Commodities Reports read full news
EURINR spot (CMP - 73.75) is expected to trade higher - Angel Broking

Rupee

In the last week, the Indian Rupee spot strengthened by 0.35 percent owing to:

* Weak US Dollar Index which fell by 0.90 percent in the last week on account of dovish outlook given by the US Fed Chair in her recent testimony for the US interest rates thereby giving a chance to the emerging markets to enjoy investor’s attention.

We maintain our BUY rating on Infosys Ltd - Angel Broking

Below is the view On Infosys Limited 1QFY2018 Results by Ms. Sarabjit Kour Nangra (VP Research- IT, Angel Broking):

Infosys (CMP: INR 976 / TP: INR 1,179/Upside: 20.8%)

“Infosys posted better than expected results mainly driven by better than expected volume growth during the quarter. On sales front, the compa