Tuesday, 31 March 2015

After a setback that resulted in a fall of over 300 points from the day's high for Sensex, the market has recovered some lost ground thanks to modest support at lower levels.

Capital goods, bank, realty, IT and metal stocks are well off the day's highs. Healthcare and oil stocks are firm. Automobile stocks too are mostly up in positive territory despiting paring some gains.

The Sensex, which dropped to 27,868.21 from a high of 28,180.64, is now up 5.76 points or 0.02% at 27,981.62. The Nifty ids at 8495.20, up slightly from its previous close, after having declined to 8454.15 from the day's high of 8550.45.

ONGC has shed 2.5%. Punjab National Bank is lower by about 2.3%. Ultra Tech Cement, BHEL, HDFC Bank, Hindalco, Tata Steel, ACC and IDFC are down 1% - 1.75%.

Larsen & Toubro is down marginallly. The company announced that it has been awarded a contract valued at Rs 1432 crore by the Ministry of Defence for the design and construction of seven offshore patrol vessels for the Indian Coast Guard. Earlier in the day, L&T has announced that its construction division secured orders worth Rs 2101 crore across various business segments in this month.

BPCL is up over 5%. Tata Power is trading nearly 4% up and GAIL India is up by about 2.2%. Reliance Industries and Tata Motors are up close to 2%. 

Dr Reddy's Laboratories, Cipla, Sun Pharmaceutical Industries, Hindustan Unilever and Coal India are up 1% - 1.8%.

Hindustan Construction Company has announced that it has received a Letter of Award fromMinistry of Road Transport & Highways for construction of Four Laning of Jamgurihat to end of Biswanath Chariali Bypass in the State
of Assam under SARDP-NE Phase-A on EPC Basis. The value ofthe contract is Rs 392.13 crore.

Wednesday, 25 March 2015



only little problem are the technicals, wait for correction and we are done, we go 1250 +++ 1193 is the pivot 1182 - 1183 support, correction should breack down to my levels and go straight up, this is why i'm plcing pending buy and not looking for market orders below 1170. Some people here talking about South Shia rebels beeing attacked by Saudi Arabia, but they don't know why is this bad for Gold they are wrong ... South Shia rebels arms are supplyed by Russia, and Saudi Arabia back up by USA. USA closed the free economic agreement with the EU last year, including energy agreements, this realted directly with Shale Gas operation plants in Ukraine, this is how the Ucrainian conflict Started, now the 1 of april Ucraine will just stop buying gas from Russia, so Russia is selling guns to anyone who needs to fight against the US, this is bad for gold good for the US, they will not fight directly, since last year we are in the Cold War part2.

Gold capped the longest rally since August 2012 as signs of sputtering U.S. economic expansion fueled bets that interest rates will stay low for longer.
Spot prices climbed for the sixth straight session, rising every day since Federal Reserve policy makers cut their projections for growth and suggested they aren’t in a hurry to raise borrowing costs. Higher rates usually send investors to assets with better yield prospects such as equities and bonds.
The dollar fell against a basket of 10 currencies as investors continued to adjust their outlook for the greenback in the wake of last week’s Fed meeting. U.S. orders for durable goods unexpectedly dropped in February, government data showed Wednesday. Gold slumped 29 percent in the previous two years as the dollar and equities surged, while inflation remained low.
“It’s too early to say if gold prices will start a new rally, but for now prices will remain supported because of the dollar drop,” Charlie Bilello, the director of research who helps oversee about $220 million of assets at New York-based Pension Partners LLC, said in a telephone interview. “The market expects no rate hike until September or October. The gold market will remain very U.S. data dependent.”
Gold for immediate delivery rose 0.2 percent to settle at $1,195.47 an ounce in New York, according to Bloomberg generic pricing. The metal reached $1,199.81, the highest since March 6, and gained 4 percent in six sessions.
Bookings for U.S. goods meant to last at least three years declined 1.4 percent last month, the Commerce Department said. Economists surveyed by Bloomberg forecast orders would rise 0.2 percent.


Gold prices rose by Rs 100 to Rs 26,550 per 10 grams at the bullion market on Tuesday on increased buying by jewellers and retailers amid a firm global trend.
Silver also moved up by Rs 200 to Rs 37,800 per kg on increased offtake by industrial units and coin makers.
Bullion merchants said increased buying by jewellers to meet rising demand amid a firm global trend mainly boosted the sentiment.
Gold in New York, which normally sets price trend on the domestic front, rose by 0.58 per cent to $1,189.30 an ounce and silver by 1.49 per cent to $16.98 an ounce in Monday's trade.
In the national capital, gold of 99.9 and 99.5 per cent purity shot up by Rs 100 each to Rs 26,550 and Rs 26,400 per 10 grams, respectively.
Sovereign, however, held steady at Rs 23,600 per piece of eight grams.
In a similar fashion, silver ready rose by Rs 200 to Rs 37,800 per kg and weekly-based delivery by Rs 360 to Rs 37,780 per kg.
Silver coins also spurted by Rs 1,000 to Rs 56,000 for buying and Rs 57,000 for selling of 100 pieces.