TOP CORPORATE NEWS 09 September 2014

·        Apollo Tyres at record high, to set up new plant in Hungary

Shares of Apollo Tyres is setting up a new plant in Hungary at an investment of Rs 3,450 crore and the investment aid given by the country's government has been cleared by European Commission.

·        Tyre stocks gain as weak rubber, oil prices to boost margins

Shares of tyre companies were up 1-3% as lower raw material costs on account of weak natural rubber and declining crude oil prices would boost margins going forward.

·        Shares of five new F&O entrants gain

Share prices of five new entrants to the future and options (F&O) segment gained. NSE through a circular said that F&O contracts on Eicher Motors, Motherson Sumi, SKS Microfinance, Mindtree and TVS Motor would be available starting September 10, 2014.

·        Indusind Bank expands presence across New Delhi

Indusind Bank Ltd has opened a new branch across New Delhi. The Bank plans to further strengthen its presence and customer reach in the country’s capital with more branches in the coming quarters.

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COMMODITY MARKET STRATEGY 09 SEPT. 2014

BASE METAL WRAP: 

 Nickel lead industrial metals lower as the dollar climbed, curbing demand for commodities as an investment. Copper prices surged on Monday on solid trade data from China.

ENERGY WRAP: 

West Texas Intermediate crude rose for the first time in four days before stockpile data that will signal the strength of fuel demand in the U.S., the world’s biggest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: 

Gold traded near a three-month low as the dollar advanced on speculation the Federal Reserve will increase interest rates next year, curbing demand for an alternative investment. Platinum fell to the lowest since April.

GLOBAL EVENTS TO WATCH: 

NAB Business Confidence, Manufacturing Production m/m, BOE Gov Carney Speaks, NFIB Small Business Index, JOLTS Job Openings, FOMC Member Tarullo Speaks

COMMODITY MARKET LEVEL
BULLION COMMODITY	AGRI COMMODITY
CS COPPER (NOVEMBER) OVERVIEW: TREND BEARISH SUP1:424 SUP2:420                    RESIST1:432 RESIST2:438 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000	CS CHANA (SEPTEMBER)) OVERVIEW: TREND  BEARISH SUP1:2745                                                          SUP2:2695                     RESIST1:2870 RESIST2:2950 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000
CS CRUDE (SEPTEMBER) OVERVIEW: TREND BEARISH SUP1:5550 SUP2:5490 RESIST1:5700 RESIST2:5740 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000	CS JEERA (SEPTEMBER) OVERVIEW: TREND BEARISH SUP1:10920 SUP2:10675 RESIST1:11100 RESIST2:11340 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000
CS GOLD (OCTOBER) OVERVIEW:                                TREND BEARISH SUP1:27020 SUP2:26550 RESIST1:27480 RESIST2:27640 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000	CS TURMERIC (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:6310 SUP2:6164 RESIST1:6484 RESIST2:6820 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000
CS SILVER (DECEMBER) OVERVIEW: TREND  BEARISH SUP1:41200 SUP2:40500                      RESIST1:42450 RESIST2:42950                                                         TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000	CS SOYABEAN (OCTOBER) OVERVIEW: TREND  BEARISH SUP1:3080 SUP2:2950 RESIST1:3280 RESIST2:3370 TRADING STRATEGY: SELL ON RISE WWW.CAPITALSTARS.COM +917316790000
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COMMODITY MARKET STRATEGY 04 SEPTEMBER 2014

BASE METAL WRAP: Nickel climbed to the highest in almost four weeks after a Philippine lawmaker filed a bill to require all mined minerals to be processed before export.

ENERGY WRAP: Natural gas prices edged lower on Wednesday after weather forecasting models continued to call for milder temperatures to move across the U.S. this weekend, which should cut into the need for air conditioning and thus reduce demand for the commodity at the nation's thermal power plants. Crude oil futures rebounded from the previous session's steep declines on Wednesday, after Kiev said it has reached a deal with Russia for a ceasefire in eastern Ukraine.

PRECIOUS METAL WRAP: Gold advanced for a second day on speculation that prices near the lowest level since June may encourage purchases as investors assessed tensions in Ukraine and the outlook for higher U.S. borrowing costs.

GLOBAL EVENTS TO WATCH: Retail Sales m/m, Trade Balance, Monetary Policy Statement, German Factory Orders m/m, BOJ Press Conference, Asset Purchase Facility, Official Bank Rate, MPC Rate Statement, Challenger Job Cuts y/y, Minimum Bid Rate, ADP Non-Farm Employment Change, Trade Balance, ECB Press Conference, Trade Balance, Unemployment Claims, Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q, Final Services PMI, ISM Non-Manufacturing PMI, Natural Gas Storage, Crude Oil Inventories, FOMC Member Mester Speaks.

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TOP CORPORATE NEWS 01 SEPTEMBER 2014

•    Maruti at new high, Aug sales ride on Celerio, Dzire, Ritz

Shares of Maruti Suzuki touched a new high, up 3 percent intraday on strong growth in August sales numbers boosted by compact cars segment. India's largest car maker sold 1,10,776 lakh units in August, up 27 percent compared to 87,323 units in same period last year and up 9 percent compared to 1.01 lakh units in previous month.

•    IRB Infrastructure falls after Citi downgrade

Shares of IRB Infrastructure Developers Ltd fall after Citigroup downgraded the stock to sell from buy.

•    M&M sold 35,175 units in August

M&M has announced that it has sold 35,175 units during August 2014, as against 37,897 units during August 2013. The company's domestic sales was at 3,145 units.

•    TVS Motor Company August 2014 sales grows by 46%

TVS Motor Company recorded 46% growth in sales during the month of August 2014, with total sales increasing from 155,532 units recorded in the month of August 2013 to 227,482 units in the month of August 2014.

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TOP CORPORATE NEWS 28 August 2014

•    Tata Motors enters Algeria with a range of passenger cars

Tata Motors in association with SPA Elsecom has setup dealerships at Algiers and Oran, with further plans underway to establish 10 additional sales and service centers, to cover important regions, by the end of this year.

•    RIL to save $450 mn/yr by importing ethane from US

Reliance Industries will save about USD 450 million annually by importing 1.5 million tons ethane from US for its petrochemical plant. Imported Ethane will substitute its current propane imports and a portion of naphtha used for ethylene production.

•    Adani buys Australia coal mine royalty rights from Linc

Adani Enterprises has agreed to pay Australian dollar 155 million (USD 145 million) to Linc Energy to buy out the Australian firm's rights to future royalties from Adani's huge.

•    Tata Comm up on reports of foreign brokerage

Shares of Tata Communications gained over 4%, touching, on reports that a foreign brokerage has re-initiated coverage on the stock with a buy rating. The company is back on growth and profitability track and its core business turnaround will be led by enterprise data.

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MORNING MAIL 28 August 2014

INDIAN BENCHMARK open marginally higher amid firm global cues. Further, markets are likely to remain volatile in the latter half of the trading session with expiry of August derivative contracts today.

FURTHER, Piramal Enterprises is rejigging its research and development activities with a focus on molecules that are at an advanced stage of development. DLF will continue to be under pressure after the Supreme Court on Wednesday directed DLF to deposit Rs 630 crore in the registry within three months.

Trend in FII flows: The FIIs were net buyers of Rs 192cr in the cash segment on Wednesday while the DIIs were net sellers of Rs. 236cr, as per the provisional figures released by the NSE.

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COMMODITY MARKET STRATEGY 27 August 2014

BASE METAL WRAP: Aluminium traded near an 18-month high on speculation demand is rising amid signs a recovery is gathering pace in the U.S. and before data forecast to show the country’s economy expanded for the second quarter.

ENERGY WRAP: West Texas Intermediate traded near a three-day high before a government report forecast to show crude stockpiles dropped for a second week in the U.S., the world’s biggest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: Gold held below $1,300 an ounce as investors weighed a strengthening U.S. economy and dollar against signs of easing tensions around the world.

                                             

GLOBAL EVENTS TO WATCH: Crude Oil Inventories.

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INDIAN BENCHMARKS down …Late trade sell-off on SC order

INDIAN EQUITY BENCHMARKS hit fresh record highs early today ended flat amid selling pressure in metal and power stocks after the Supreme Court said that guidelines were breached in coal block allocations during the UPA government and that the terms of allotment, going as far back as 1993, were themselves illegal.

·         Alstom T&D gained 5.5 percent on joint venture bagging order worth Rs 3,250 crore.

·         Further, Lakshmi Vilas Bank has announced that the Bank opened its Rights Issue for an amount of Rs409.79 crores on August 08, 2014. The issue remained open for 15 days and closed on August 22, 2014.

The crucial resistance for Nifty is now seen at 7970 and above this 7995. Support for the immediate term is now placed at 7895 and next support will be 7855.

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