Bata India nears record high; stock up 5%

The stock rallied 5% to Rs 817, trading close to its record high of Rs 833 touched on November 1, 2017 in intra-day trade .  Shares of Bata India have rallied 5% to Rs 817, hitting seven month high on the BSE, on back of heavy volumes. The stock of footwear firm trading close to its record high of Rs 833 touched on November 1, 2017 in intra-day trade.  The trading volumes on the counter jumped more than three-fold with a combined 2.69 million shares changed hands on the NSE and BSE till 02:55 pm.

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HPCL, BPCL, IOCL gain on fall in global oil prices

In past six months, OMC has underperformed the market by falling in the range of 14% to 26% as compared to 6% rise in the S&P BSE Sensex. Shares of oil marketing companies (OMCs) like Indian Oil Corporation (IOCL), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) were trading higher by up to 6% in otherwise subdued market after Brent crude prices fell in the international market.  At 11:39 am; HPCL (up 6% at Rs 323), IOCL (5% at Rs 176) and BPCL (3% at Rs 424) were up in the range of 3% to 6% on the BSE, as compared to 0.07% decline in the S&P BSE Sensex.   Shares of aviation companies such as SpiceJet (up 3% at Rs 115), Jet Airways (2% at Rs 393) and InterGlobe Aviation (1% at Rs 1,233) were also up more than 1% on the BSE.

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Asian stocks drop on trade war; Oil falls

A jump in the yen weighed on Tokyo stocks, with the Topix index poised for its biggest slide in almost three weeks. Japan’s stocks led Asian declines amid investor concern that the exchange of threats between China and the US is the precursor of a full-blown trade war. Oil prices dropped, while the dollar edged higher as Treasury yields steadied just above 2.90%.  A jump in the yen weighed on Tokyo stocks, with the Topix index poised for its biggest slide in almost three weeks. Declines accelerated after a strong earthquake hit Osaka, one of Japan’s industrial heartlands. South Korean equities also slipped, while S&P 500 Index futures pointed to losses. China and Hong Kong, markets more sensitive to deepening trade tensions, were closed for holidays. Oil extended a decline as Saudi Arabia and Russia prepared for a clash with other OPEC members and allies over whether to raise production.

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Weekly Commodity News Letter

Gold:-

The trend of Gold is Bearish. Gold lost all its gains on Friday after reacting to the separate decisions by Bank of Japan and European Central bank on monetary policy. The ECB went dovish on the interest rates and Japan even more dovish than ECB by announcing it would keep interest rates at near zero. These dovish moves by ECB, Bank of Japan and US Fed send the Dollar to the sharp upward trajectory while this put pressure on the Gold and its lots the shine at the end of the week. In MCX, it fell down by 205 points on weekly basis and ended at 31010 as compared to last week closing price of 31215. We expect the continue pressure on Gold prices in upcoming days as Dollar index is still looking strong. Sell on high strategy would be better to follow for next week.

Crude Oil:-

The crude oil can remain Bearish. Prices of Crude oil found support by lower US inventories this week but uncertainty over the upcoming meeting of OPEC on 22-23 June has put some pressure on the prices at the end of the week. OPEC meeting is expected to decide on future supply policy. IN MCX, it lost all its gains and ended lower by 16 points as compare to the last week closing price of 4448. Rising US output will continue to put pressure on the Crude oil prices in coming days so sell on High strategy would be better to follow.

ZINC:-

The Zinc can remain Bearish. Metals prices come under pressure after the data pointed to a slowing down of the economic growth in China. On Thursday, weaker than expected China’s Data, Industrial Production, retails dales and fixed investment data has ignite worries of slowdown in the nation which in turn has hit the demand expectation and which leads to the pressure on the base metals prices. In MCX, Zinc fell down by 5.75 points and ended at 211.80 as compare to the last week closing price of 217.55. We can expect more selling pressure on the prices of Zinc in coming days. Sell on High strategy would be better to follow in upcoming days.

Copper:-

The Trend of Copper is Bearish. Copper fell heavily in this week due to concerns over demand in top consumer China. China’s industrial output also grew less which can indicate a further slide in the prices of the Copper in coming days. In MCX, Copper fell by 17.45 points and ended at 473.70 as compare of the previous week closing rate of 4491.15. We expect more selling pressure on the Copper prices in coming days. Sell on high strategy can be follow for upcoming week.

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52 हफ्तों के लो पर पहुंचे ये स्टॉक, लेकिन आगे दे सकते हैं 43% तक रिटर्न

पिछले कुछ महीनों से स्टॉक मार्केट में उतार-चढ़ाव के दौरान कई स्टॉक अपने 52 हफ्तों के निचले स्तर पर पहुंच गए हैं। पिछले कुछ महीनों से स्टॉक मार्केट  में उतार-चढ़ाव के दौरान कई स्टॉक अपने 52 हफ्तों के निचले स्तर पर या उसके करीब पहुंच गए हैं। एक्सपर्ट्स इनमें से कुछ कंपनियों के फंडामेंटल आगे के लिए बेहतर देख रहे हैं। उनका कहना है कि इनमें कुछ ऐसी कंपनियां हैं, जिनके स्टॉक में किसी न किसी इश्‍यू की वजह से गिरावट रही, लेकिन इश्‍यू खत्म होने के साथ आगे शेयरों में अच्छी तेजी बन सकती है। ऐसे में निवेशकों के लिए मंहगे शेयरों से दूर रहकर ऐसी चुनिंदा कंपनियों के स्टॉक में गिरावट पर बेहतर मौके बने हैं। निवेशक यूपीएल, एनटीपीसी, बैंक ऑफ बड़ौदा, अल्ट्राटेक सीमेंट और टाटा पावर में आगे बेहतर रिटर्न पा सकते हैं।

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