Markets of US was flat on Friday; Asian markets were positive

Today, markets across Australia, Gemany, New Zealand, Hong Kong, France and the UK are closed  on account of Easter Monday. Other indices that were trading for the day were mixed at the time of filing this report.Japan's benchmark Nikkei was trading nearly 0.69 per-cent higher at 17,119.40.

Data concluded on Friday showed the Japanese economy contracted at yearly pace of 1.1 per cent in the Dec quarter, compared with a 1.4 per-cent growth in the Sep quarter.

China's CSI300 rose by 0.80 per-cent to 3,223.47. Besides this, other indices, including South Korea's Kospi (up 0.06 per-cent) and the TWSE (up 0.22 per-cent) were trading higher.

Last week Wall Street closed almost flat on Friday, with the S&P500 index falling down by 0.04 per-cent, to 2,035.94, while the Dow Jones industrial average edging 0.08 per-cent lower at 17,515.73. Data on personal spending & pending home sales in the United States scheduled later on today will be keenly watched.Click for stock option tips

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Investors turn to secure haven assets 10 Feb

Amid concerns over slowing China & soft mcx oil prices, investors across markets are buying secure haven assets like sovereign bonds and gold. Since January world wide equity markets have shed $7 trillion in value — equivalent to the chinese total market capitalisation. With this, more than half of the most liquid markets of equity have officially entered into a bear stage.

After the rout in growing markets, the declining health of companies and banks in developed markets are now making investors nervous this time. The alarming quarterly results of Credit Suisse & the Deutsche Bank have sparked concerns regarding the health of the industry. Post results, the stock of Credit Suisse reached its lowest level since 1991; large European banks have lost around one-fifth of their market value.

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People's Bank of China bolsters Yuan for 5th back to back day

People's Bank of China bolsters Yuan for fifth consecutive day today via its fix, most probably in an attempt to keep it balanced against Dollar and against basket of currencies. Yuan's movement just few weeks back, might have spooked that Chinese government, when Yuan dropped to lowest level in 5 years and spread between offshore and onshore counterpart widened to record More 2%.


Today, People's Bank of China strengthen fix by 0.01% to Yuan 6.5528 per Dollar.


Latest movement in Yuan indicates that People's Bank of China might be micro-managing the currency. In last nine trading days USD/CNY has lurked from 6.587 to 6.552/$.


It has taken other steps to curb excessive shorting of Yuan, especially in Hong Kong market. It is regularly draining monetization from that market via state run banks and requested information on transactions and activity of speculators and to restrict lending.


China's state run media has also taken fire and swords to speculators, even of a well known billionaire investor Mr. George Soros, known as man who broke Bank of England.


People's Bank of China's efforts however had little impact on offshore Yuan for past five days, which is not that volatile anymore but spread is again rising from parity.

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Share Tips : Global slowdown to continue this year 12 Jan, 2016

Share Tips For Today : At presently the global economy is not doing very well. Previous year was one of the worst years in the century. The only time the economy was worse was during the previous two recessions — one at the starting of the 21st century & the other at the time of global financial crisis. 2016 is going to be as worst as there is a world wide slowdown, with countries like Brazil and Russia in recession time.

Though there are no structural problems, there are problems of global requirement. Europe is stagnating, while the US is progressing slowly. The deficiency in global demand will inevitable affect China, and due to weak global requirement, China's exports will be affected which will weaken the economy.

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Stock market headlines for 8 Jan, 2016

Former IAS officer D.K. Sikri appointed CCI chairman.

Saudi considers IPO for oil giant Aramco: Reports said.

Need to avoid beggar-thy-neighbour policies: Rajan.

Netflix launches service in India for Rs 500 monthly.

China shares gyrate wildly; Shanghai sheds gains.

Dow, S&P off to worst 4-day Jan start ever as China fears grow.

Chinese regulator suspends circuit breakers.

RBI panel on financial markets meets amid chinese yuan spillover.

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Rupee went down by 4 paise to 66.86 7 Jan, 2016

Today, the INR(rupee) went down by 4 paise to 66.86 as compared to the US dollar in early trade on Thursday after the Chinese central bank, PBoC, set the yuan midpoint to its lowest & weakest level since March 2011.

The People's Bank of China fixed the official guidance rate 0.5 per-cent weaker than Wednesday's fix of 6.5314, which is its biggest daily fall since 2015's August month. The Chinese yuan fell down by 0.39 per-cent to 6.58 against the greenback.

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Bullion metal Gold holds gains from two-day rally 6 jan, 2016

Bullion tips is often seen as a alternative investment at the time of geopolitical and financial unstability, though safe-haven rallies tend to be short-lived.

Global equity markets were flat on yesterday after their worst January kick-off in years as concerns about the economy of China weighed. On Monday, Chinese shares tumbled around 7 per-cent, triggering a native trading halt and a sharp sell-off in U.S. and European markets.

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Currency tips & updates for 4 Jan, 2016

 

 Today, the local currency ended at 66.14 against the greenback on last day of trading previous week.

Chinese yuan dropped down to a fresh five-year low against the US dollar in morning trade after China told manufacturing PMI contracted in Dec to 48.2, in comparison to 48.6 in November month. A value below 50 suggests contraction.

Most other Asian broken down in trade after weak Chinese manufacturing data indicated a further weakening in the world's 2nd biggest economy. Japan's Nikkei slumped 2.6 per-cent while the South Korean Kospi lost 1.53 per-cent. Hong Kong's Hang Seng index slided over 500 pts. China's Shanghai Composite traded down by 3.33 per-cent.

 

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Sensex slides, Nifty-50 under pressure 4 Jan, 2016

The Nifty-50 today, came under pressure to break below its critical support level of 7,950, weighed down by losses in IT, oil & gas,banks, metal and auto stocks.Click For Bank nifty futures tips

Today, the S&P BSE Sensex tumbled more than 150 points in morning trade, tracking Asian markets which were trading lower after China factory activity contracted & the chinese currency yuan weakened to near a 5-year low.

The INR(rupee) fell 17 paise to 66.31 against the US(United States) dollar in early trade on today after weak Chinese manufacturing PMI readings sparked selling across Asian currencies. Native currency ended at 66.14 against the greenback on Friday previous week.

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Today's Share market overview 31 Dec, 2015

India beats China through GDP growth in 2015; may grow 7-7.5% in 2016.

Expect revenue growth of atleast 10-15% in CY16: ITD Cementation.

NSE to include Jet Airways, 3 others in F&O segment on 1st jan.

Cadila Healthcare hits 52-week low, down 15% on USFDA warning for 2 units.

Full benefits of digitisation to show in FY17 earnings: Hathway.

Foodgrain outcome dips in 2015; Revival unlikely in New Year.

It's been a wild ride: Investing in China in 2015.

Energy, iron ore, precious metals suffered losses in 2015 year.

Videocon Industries redeems $194.40 mn FCCBs.

Hold 29.38% in Tide Water Oil post open offer.

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Today mcx copper remains dominant 31 Dec, 2015

Copper futures ahead in the native market on yesterday as investors, traders and speculators booked fresh positions in the industrial metal amidst hopes that production cuts in China may decrease a supply glut.

In Accordance with media reports, nine leading Chinese copper producers have agreed to cut production of the base metal by an overall 200,000 metric tons in the January-March 2015 Q(quarter).

China is the world’s largest consumer of copper, accounting for more than 40 per-cent of the metal’s world wide consumption.

The focus is now on China’s official factory data set for release on last week Friday which may show that manufacturing shrank for a fifth straight in Dec month, highlighting weakness in the manufacturing sector of the world’s second biggest economy.

Copper may retreat today on profit-booking by investors, after the stellar gains in newely sessions, and ahead of this New Year.

MCX : February 2016 contract for Copper futures ended at Rs 318.4 per kg, up by 0.55 per-cent after opening at Rs 316.25, as compared to the previous ending price of Rs 316.65. It reached the intra-day high of Rs 318.85.

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Today's Stock market : commodity news for 22 Dec, 2015

1. Commodity : Gold keeps gains from two-day rally on weaker dollar.

2. China pledges policy support to economy, reform in 2016.

3. HDIL increases 5%; JP Morgan says Kurla land deal to cut debt.

4. FIPB clears Cadila Healthcare, 8 other proposals.

5. Expect pick-up in specialty polymer business: Ester Ind.

6. SNZ to help boost diamond trade in country: Sitharaman.

7. BMW hit with $40 million penalty for safety lapses.

8. Nestle India gears up to launch more New Maggi variants.

9. Mahindra Reva mulls launching products in Europe up coming year.

10.Court may issue summons against Kejriwal: Jaitley's lawyer.

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