Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Union Budget
Budget 2011-2012 Home
Industry Expectations - Budget 2011-2012
Industry Reactions - Budget 2011-2012
Budget 2010-2011
Budget 2010-2011 Home
Industry Expectations - Budget 2010-2011
Industry Reactions - Budget 2010-2011
Contributor's Corner
Bonanza Portfolio
Hemant K Gupta
Krish Bhatt
S A A R T H I
Trinity Investments
Exchange Information
BSE 2009 Holidays
NSE 2009 Holidays
Investor Guide
Depository & Dematerialisation
Grievance Redressal
Investor Guide
SEBI
Trading of Securities
Transfer of Securities
Your Rights
Budget 2009-2010
Budget 2009-2010 Home
Industry Expectations - Budget 2009-2010
Industry Reactions - Budget 2009-2010
Interim Budget 2009-2010 Home
Industry Expectations - Interim Budget 2009
Budget 2008-2009
Railway Budget 2008-2009
Industry Expectations - Budget 2008
Union Budget 2008-2009
Highlights of Budget 2008-2009
Summary of Budget 2008-2009
Industry Reactions - Budget 2008
IPOs
Current IPOs
Past IPOs
IPO Subscription
Mutual Funds
Gold Exchange Traded Fund
MF Unique Holding
Forthcoming Dividends
ELSS Schemes Comparison
Tax Plans
New Fund Offers
Research
Arbitrages
Equity
Market Whispers
Tax Planning
Home
Equity Linked Savings Scheme
Post Office MIS
9% GOI Senior Citizens Savings Scheme
8% Savings (Taxable) Bonds
Kisan Vikas Patra
National Savings Certificate
Public Provident Fund
Market Commentary

| More

Fed hikes rates, investors remain wary ahead of European Elections: Angel Broking

Posted On: 2017-03-16 19:19:38

Views of Mr. Prathamesh Mallya (Chief Analyst- Non-Agri Commodities & Currencies, Angel Broking):

Commodity View:

Commodities pack as a whole is positive today with precious metals up by around 1.5 and 2 percent while Crude oil is up by 1.2 percent and most of the base metals are higher by half a percent. The keenly awaited outcome of the US FED is done with and they have hiked the rates by 25 basis points, however, the tone of further rate hikes being gradual is what markets have taken seriously.

Commodities were recently being hammered and now changed its course and turned positive. However, the base metals pack have its own fundamentals of supply side issues driving prices while higher crude oil inventories in the US dominates the oil market sentiments.

It is too early to say though, fundamentals have changed, however a note of caution for traders as the momentum can anytime fade in either direction. Uncertain times still remain with European elections that will decide further course for commodities as an asset classes.

Currency View:

The way Indian markets are trending right now, it's quite evident that markets are positive on Narendra Modi's Ministry. Since the remarkable win of BJP in the major state election and substantial gains made in other states, the Indian Rupee has appreciated by 1.57 percent and is still trading higher at 65.36 levels while writing. The thumping victory has brightened the outlook on economic reforms planned by the Modi government, inviting huge foreign inflows into equity / debt markets.

Another reason for Rupee's stark appreciation is the dovish stance detected in US Fed Chair's speech held on 15th March 2017. She raised interest rates but refrained from signalling a faster pace of tightening this year despite robust economic datasets from the US and probable increase of fiscal stimulus by the Trump administration. Markets were disappointed by this move and instead chose to invest in risky assets which kept the US Dollar Index pressurized which worked in favour of rupee. This buoyancy is expected to continue for some time which will push USDINR spot higher towards 64.80 mark in the near term.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Slender range for the index; but, party continues in individual stocks: Angel Broking
Real action seems outside the index: Angel Broking
Coming week current account numbers and foreign exchange reserves will be eyed: Epic Research
Economy: WPI Inflation continues the uptrend - Kotak
Momentum to continue in pharma space: Angel Broking
10138 - 10000 should be considered as a key trading zone: Angel Broking
India: Monsoon Tracker: Closer to sub-normal monsoon - Kotak
Profit booking dragged index below 10100: Angel Broking
Economy:Inflation continues to inch up - Kotak
Comments on CPI numbers by Ms. Radhika Rao, India Economist, DBS Bank
Moves in individual stocks is memorizing, keep focusing on same: Angel Broking
Volatility on card: Angel Broking
Keep focusing on individual stocks: Angel Broking
Weekly Market Quote - Anita Gandhi, Whole Time Director at Arihant Capital Markets
Weekly Market Outlook by Hemant Kanawala, Head - Equity, Kotak Life Insurance
Weekly Market Quote - Sanjeev Zarbade, Vice President - PCG Research, Kotak Securities
Global Economic Update - Safe haven assets to act as a Guardian Angel: Angel Commodities Broking
Charts suggest indecisiveness along with bearish bias
Monsoon Tracker - Signs of Weakness - Kotak
Strategy: Demonetization is neither the start, nor the end - Kotak
Shrinking range indicates possibility of a breakout on either side soon: Angel Broking
Focus on selective midcap counters: Angel Broking
Strategy: GDP: More structural than cyclical challenges - Kotak
INDIAVIX surged 12% on account of geo-political tension: Angel Broking
Nifty to remain in a range of 9855 - 10000 for a while: Angel Broking
Realty as a sector will be the flavor of September: Epic Research
Monsoon Tracker: Signs of Weakness - Kotak
Economy: Pre-GST adjustments drag down growth - Kotak
Rollovers and Open interest in Nifty lowest for the calendar year 2017: Angel Broking
GDP growth trends lower in Q1 due to pre-GST jitters: Angel Broking
GDP Data - Ms. Radhika Rao, India Economist, DBS Bank
9948 - 9850 would be the immediate range: Angel Broking
Money Market View - Liquidity surplus to improve this week - Kotak
Weekly Market Quote - Teena Virmani, VP - PCG Research, Kotak Securities
Pharma, FMCG and PSU banks may further be kept on radar : Epic Research
Market to consolidate for a while but bias could be negative: Angel Broking
Market slipped into a consolidation mode: Angel Broking
Intraday resistance now shifted lower to 9830: Angel Broking
Liquidity surplus to tighten this week - Money Market View - Kotak
Weekly Market Outlook Report - Mr. Abnish Kumar, Technical Analyst, Aadya Trading & Investments
9940 remains to be a sturdy wall: Angel Broking
Economy: MPC minutes: Emerging growth concerns - Kotak
FIIs continue adding bearish F&O bets despite strong upmove: Angel Broking
July trade deficit narrows as GST led disruption drags imports - Kotak
Strategy: Weak quarter sets for the tone for another weak year - Kotak
Nifty to face resistance at 9820 - 9852: Angel Broking
WPI Inflation comes in higher for the month of July: Angel Broking
Economy: Pre-GST disruptions lead to IIP contraction - Kotak
Weekly Market Quote by Sanjeev Zarbade, Vice President - PCG Research, Kotak Securities
Nifty to test 9600 soon: Angel Broking


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2017