Thursday, September 5, 2013

spx update

Still wating for the wave 2 or b end. Values below 1626 suggests wave 3 or c began. Good trades to all.

39 comments:

  1. eClerx approved a proposal for Buyback of equity shares of the company, for an aggregate amount not exceeding Rs234 Crore at a price not exceeding Rs2,200 per share.
    CapitalStars

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  2. Brent, NYMEX up in Asia as output freeze effort drives sentiment.capitalstars

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  3. Major Headlines of the day:

    • Adani buys R-Infra's transmission biz
    • ABG Shipyard promoters to lose controlling stake
    • Jindal Steel defaults on debenture interest paymentscapitalstars

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  4. Flat opening on D-Street on muted global cuescapitalstars

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  5. Gold was little changed early Wednesday as the US dollar retreated, with markets waiting for minutes from the September Federal Reserve policy meeting for more clues on any interest rate hikes this year.capitalstars

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  6. Gold prices too were steady after deadly incidents in Germany and Turkey failed to spur safe-haven buying, with markets focused on the possibility of further US interest rate hikes next year.capitalstars

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  7. Government allows coal swap between state-run, private companies .capitalstars

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  8. Essar Oil "has the largest private sector retail fuel network in India with over 2,800 operational outlets across the length and breadth of the country and over 2,800 at various stages of implementation to capitalise on the rising demand of transportation fuel", the company said in its latest annual report. capitalstars

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  9. Five out of 175 stocks in the futures & options segment are in the ban period as the market-wide position limits have crossed the 95 percent mark.capitalstars

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  10. U.S. benchmark West Texas intermediate crude futures were down 31 cents or 0.57 percent to $53.75 at 0104 GMT after settling up 16 cents at $54.06 per barrel in the previous session. capitalstars

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  11. Spot gold reached its highest since Dec. 14 at $1,163.14 an ounce, before retreating 0.7 percent to $1,150.5 per ounce. Prices were up about 8.5 percent annually,its biggest increase since 2011. capitalstars

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  12. Petrol price was hiked by Rs 1.29 a litre -- the third increase in a month, and diesel rate was raised by 97 paise a litre -- the second hike in a fortnight. capitalstars

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  13. * The dollar index, which measures the greenback against a basket of currencies, fell 0.5 percent to 102.170.capitalstars

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  14. Gold edges up, but gains limited by rate hike prospects .capitalstars

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  15. The market breadth was positive as about two shares advanced for every share falling on the exchange.capitalstars

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  16. IndusInd Bank surged more than 5 percent as majority of brokerage houses retained buy call on the stock post December quarter earnings.capitalstars

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  17. Brent crude futures, the international benchmark for oil prices, were trading at $56.07 per barrel at 0249 GMT, up 6 cents from their last close. capitalstars

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  18. ITC, Asian Paints, TCS, ICICI Bank, Axis Bank, Infosys, HUL and SBI were leading contributors to Sensex's gains, up 0.4-1.5 percent. However, Reliance Industries shares fell 2 percent after December quarter earnings. capitalstars

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  19. ICICI Prudential Life gained 2 percent after cabinet has approved listing of 4 PSU general insurance companies. capitalstars

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  20. The dollar index, which measures the greenback against a basket of currencies, rose 0.3 percent to 101.200. capitalstars

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  21. The 30-share BSE Sensex was down 82.39 points at 27226.21 and the 50-share NSE Nifty fell 23.40 points to 8411.70. capitalstars

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  22. HDFC Bank, ITC, Tata Motors, HDFC and ONGC were top five contributors to Sensex's gains, up 1-1.6 percent whereas ICICI Bank, L&T and Axis Bank remained under pressure from early trade. capitalstars

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  23. The 30-share BSE Sensex was up 103.08 points at 27220.42 and the 50-share NSE Nifty gained 34.55 points at 8426.05. capitalstars

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  24. The derivative contract Indiabulls Real Estate, Jindal Steel and Reliance Communications have crossed 95 percent of the market-wide position limit and are currently in the ban period.capitalstars

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  25. BHEL, Axis Bank, GAIL, NTPC and ICICI Bank are top gainers while Lupin, Wipro, Tata Steel, Bajaj Auto and Cipla are losers in the Sensex. capitalstars

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  26. Nifty is expected to be in the range of 8450-8850. capitalstars

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  27. The 30-share BSE Sensex was down 9.60 points at 27872.86 and the 50-share NSE Nifty fell 7.75 points to 8633.50. capitalstars

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  28. Equity benchmarks as well as broader markets remained under pressure as investors maintained cautious stance ahead of Economic Survey and Union Budget. capitalstars

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  29. Idea Cellular slipped further, down 1.7 percent on profit booking. Tata Motors, Aurobindo Pharma, Coal India, Hero Motocorp and Wipro were also under pressure. capitalstars

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  30. Equity benchmarks started off Friday's trade on sluggish note despite weakness in Asian peers. Investors awaited RBI policy due next week and corporate results.capitalstars

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  31. The earnings upgrades that spurred the market re-rating last year have begun to fade, and from here he sees YoY comparables turning unfavourable for the energy and materials sectors in particular. capitalstars

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  32. February wheat futures, which have fallen about 5 percent in the last 30 days, settled 2.6 percent lower at 1,782 rupees on Monday. capitalstars

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  33. CLSA has upgraded Titan Company to buy from underperform and also increased target price to Rs 500 from Rs 372 after raising EPS forecasts by 9-24 percent.capitalstars

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  34. Gold held near 3-month highs on Thursday as political risks from elections in Europe and worries over U.S. President Donald Trump's policies buoyed safe haven demand for the bullion. capitalstars

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  35. Benchmark indices were off day's high in morning after erasing some early gains, weighed by ITC, ICICI Bank as well as auto and pharma stocks. Investors await Q3 earnings of SBI, the country's largest lender. capitalstars

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  36. Gold slips as dollar strengthens against yen post Trump-Abe meet.capitalstars

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  37. Oil rose on Tuesday, supported by an OPEC-led effort to cut output, but rising production elsewhere kept prices within the narrow range that has contained them so far this year. capitalstars

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  38. NTPC, Sun Pharma, Maruti Suzuki, Dr Reddy's Labs and BHEL were other losers. The Indian rupee has opened flat at 66.92 per dollar against previous close of 66.93.capitalstars

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