Mcx Commodity Live News ( Feb 1)

Golden Investment Research Private Limited

Base metals outlook from Kotak

Date : 01.02.2012

Copper: MCX Copper may note some decline tracking international exchanges however the downside remains capped. Prices may come under pressure tracking weak macro economic data from US and impending uncertainty over Euro Zone debt crisis. Further reduced risk appetite, choppiness in US Dollar and global equities may also weigh on the prices. The downside may however be capped amid better than expected Manufacturing data from China. Also lending support is strong fundamentals amid falling stocks at LME warehouses and expectation of tightness in physical markets. Copper stocks at LME warehouses further declined by 2300 tons yesterday and are at the lowest level since September 2009 while cancelled warrants further rose to high of 29.37%, signaling strong physical demand. Prices will further track macro economic data and its impact on movement in global currency and equity markets. As for today, focus will be on US, UK and Euro Zone Manufacturing PMI and US ADP Non Farm Payrolls. Support for February copper is seen at Rs.410 while resistance is seen at Rs.424.

Aluminum: MCX Aluminum may note some gains tracking international markets, however the upside remains capped. Supporting prices is talks of production cuts and jump in canceled warrants at LME however record high stocks at LME may cap the upside. Stocks at LME fell by 2050 tons yesterday after hitting new life time high of 5010750 tons last week while canceled warrants stood at 19.37%. Support for Aluminum February contract is seen at Rs.110 while resistance of Rs.113.

Zinc: MCX Zinc may not some decline tracking international markets. Higher stocks at LME warehouses coupled with lack of demand in physical markets may weigh on the prices. Stocks at LME fell by 2775 tons yesterday after gaining 5025 tons last week. Prices may reverse if we witness sharp rally in Copper prices. Support for MCX Zinc February contract is seen at Rs.102.5 while resistance is seen at Rs.105.5.

Nickel: MCX Nickel may note some decline tracking international markets. Weighing on prices is slight rebound in US Dollar and choppiness in Asian equities. Also rising stocks coupled with lower cancelled warrants at LME warehouses may put pressure on the prices. Stocks fell by 264 tons yesterday after gaining 3348 tons last week. Prices may reverse if we witness sharp rally in Copper prices. Support for MCX Nickel February contract is seen at Rs.1000 while resistance is seen at Rs.1045.

Lead: MCX Lead may note some decline tracking international markets, however the downside remains capped. Weighing on prices is jump in stocks at LME yesterday and higher surplus in physical markets. However the downside may be capped amid higher replacement demand in winter and higher canceled warrants ratio at LME warehouses. Stocks at LME rose by 18,050 tons yesterday after declining by 4475 tons last week while canceled warrants stood at 12.78%. Support for MCX Lead February contract is seen at Rs.107 while resistance is seen at Rs.110.

Steel: NCDEX Steel may trade sideways with a negative bias amid mixed cues. Prices may come under pressure amid lack of demand in domestic markets however shortage of iron ore owing to clamp down on illegal mining may cap the downside. Support for NCDEX Steel February contract is seen at Rs.32,000 while resistance is seen at Rs.33,000.

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NSE SHARE MARKET LIVE NEWS ( FEB 1)

Golden Investment Research Private Limited

Sensex volatile; broader markets outperform

Date : 01.02.2012

The market continued to trade lower with moderate losses amid volatility, weighed down by technology and banks stocks. However, buying in auto stocks and Reliance limited the downside. The BSE benchmark dropped 56.3 points to 17,137.25 and the NSE benchmark declined 17 points to 5,182.20.

Shares of Coal India, Sesa Goa, BPCL, ONGC, ICICI Bank, HDFC and DLF were biggest losers, falling 2-2.5%.

Infosys, ITC, Bharti, TCS, Sterlite and DLF were down 1-1.5%;

However, Tata Power, Hero Motocorp, M&M, Jindal Steel and Maruti Suzuki topped the buying list, rising 2-3.6%.

Index heavyweights Reliance Industries and L&T were up 0.6-1% while SBI fell 0.44%.

The market breadth was positive; about two shares advanced for every share falling on the BSE.

In the second line shares, Financial Tech, Aban Offshore, Essar Ports, ABG Shipyard and KSK Energy Ventures gained 5-7% while Vaarad Ventures, Blue Dart, PTC India, S Mobility and Phoenix Mills fell 3-5%.

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Mcx Commodity Live News ( Feb 1)

Golden Investment Research Private Limited

Commodity markets open negative

Date : 01.02.2012

The Multi Commodity Exchange (MCX), COMDEX started on a negative terrain after a fall of 0.71% on Tuesday. It is currently trading lower by 4.74 points, or 0.12%, at 3,787.51 at 10.04 a.m. after opening at 3,791.46.

Other index like MCXMETAL is trading upward by 2.23 points, or 0.04%, at 4,959.09 after opening at 4,954.80. MCXAGRI is trading down by 2.86 points, or 0.09%, at 3,217.19 after opening at 3,221.37. Meanwhile MCXENERGY is trading down by 12.71 points, or 0.39%, at 3,280.25 after opening at 3,288.40.

Leaders at the MCX were COTTON CAKE AKOLA - August contract, (3.01%) with open interest of 5, Cardamom - July contract, (1.64%) with open interest of 108, Wheat - September contract, (1.38%) with open interest of 13, COPPER1KG - August contract, (0.74%) with open interest of 22,010, and Wheat - August contract, (0.68%) with open interest of 450.

Top losers at the MCX are POTATOTRWR - September contract, (3.89%) with open interest of 5, POTATOTRWR - August contract, (2.86%) with open interest of 108, POTATOTRWR - July contract, (2.47%) with open interest of 13, Nickel - September contract, (2.33%) with open interest of 22,010, and Cardamom - October contract, (2.22%) with open interest of 450.

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NSE NIFTY LIVE NEWS ( FEB 1)

Golden Investment Research Private Limited

Nifty moderately lower mid volatility; RIL, auto gain

Date : 01.02.2012

The market was moderately lower amid choppy trade, weighed down by banks and technology stocks. However, auto stocks and index heavyweight Reliance Industries were supporting the market. The Sensex was down 76 points at 17,117.91 and the Nifty fell 22.65 points to 5,176.60.

HSBC India is a little cautious on equities after this fairly quick run up (of 11% in January) because they believe the market is waiting for further cues from policymakers.

"The market needs to be bolstered by some fundamental, whether it's monetary easing or some kind of fiscal consolidation measures coming through in the Budget," said Jitendra Sriram, managing director and head of research.

Among banks, ICICI Bank tanked 2% on profit booking as it had rallied 6% yesterday post better than expected numbers in Q3. HDFC Bank was down 1% and SBI fell 0.4%.

Shares of HDFC slipped 2.2% after a block deal, wherein Carlyle sold 2 crore shares on the BSE at Rs 677 a share.

Among others, Infosys, ITC, Bharti, TCS, ONGC, Coal India, Sterlite and DLF were down 1-1.8%; L&T dropped 0.4% while BHEL gained 0.2%.

However, index heavyweight Reliance Industries moved up over 1%. Shares of Jindal Steel and Tata Power rallied 2.5-3%.

Auto stocks were on buyers' radar ahead of monthly sales numbers. M&M, Hero Motocorp, Tata Motors and Bajaj Auto were up 1-3%.

TVS Motor rose 1% as its January sales went up 5% to 1.73 lakh units year-on-year. Maruti gained 2.4% as its total sales jumped 25% to 1.15 lakh units in January month-on-month.

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Indian Share markets live news(Feb 1)

Sensex down 73 points; HDFC, DLF major losers

Golden Investment Research Private Limited

Date : 01.02.2012

Indian markets dropped on Wednesday due to profit booking. At 9.59 am., the Sensex was trading down 73.08 points or 0.43% at 17,120.47 with 18 components falling. Meanwhile, the Nifty was trading lower by 19.05 points or 0.37% at 5,180.20 with 30 components falling.

The 30-share benchmark index, BSE Sensex opened flat with a decline of 13.91 points or 0.08% at 17,179.64, while the broad based NSE Nifty started with a fall of 1.10 points or 0.02%, at 5,198.15.

Sensex Movers

Housing Development Finance Corporation contributed fall of 29.37 points in the Sensex. It was followed by Infosys (22.84 points), I C I C I Bank (16.33 points), H D F C Bank (13.27 points) and I T C (9.44 points).

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.26% and 0.56% respectively.

The major gainers in the BSE Midcap were A B G Shipyard (4.36%), Alstom Projects India (2.57%), Aban Offshore (1.98%), A I A Engineering (1.53%) and CORE Education and Technologies (0.52%).

The major gainers in the BSE Smallcap were Aanjaneya Lifecare (2.8%), Adhunik Metaliks (2.43%), Aarti Industries (1.17%), Action Construction Equipment (0.72%) and Reliance MediaWorks (0.36%).

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