US Markets The Dow Jones closed 150 points on Friday as investors reassessed the outlook for monetary policy. US 10 Year Government Bond Yield decreased to a 7-week low of 3.6595%, after meeting minutes released the Federal Reserve's meeting showed a potential slowdown in interest rate hikes Week Ahead In the US, the labor report will take the central stage...
Educational video as how to identify a double top pattern. A double top is a bearish technical reversal pattern which is not so easy to spot as one needs a confirmation of a break down point. Question comes, How to identify the target of Double top pattern! After the confirmation of the pattern, your minimum target is equal to the size of the formation. In...
Democratic U.S. Senator Catherine Cortez Masto has won re-election in Nevada, Edison Research projected on Saturday in a victory that guarantees the Senate will be controlled by Democrats in 2023. #US equities closed Friday session higher after a choppy session, extending Thursday's sharp gains prompted by weaker-than-expected CPI Week a Head spotlight shifts...
Market outlook (7th Nov to 11th Nov) US market closed the 1% up following a volatile session on Friday after mixed jobs report. Fed Collins hinted that the pace of future increases could be smaller but did not rule out another 75 bps hike in December. US Market Ahead: Inflation data will be closely watched by the investors followed by several speeches by the...
US Commerce Department showed that personal spending rebounded in August, pointing to a still resilient economy. Fed Vice Chair Lael Brainard echoed the central's bank intention to bring rates to a restrictive level even at the risk of a recession This dollar’s strength was seen across the board, with some of the most pronounced buying activity against the...
How Fibonacci extention and time zone works How the powerful combination of Cycles + Statistics can provide amazing RISK:REWARD ratio trade
Techno funda view. The stock did a retracement of over 78% from the listing clearly moved in a oversold zone. a pull back likely till 1060 levels
Silver: Silver holding below the near four-week high of 58200 hit September 12 as hotter-than-expected inflation in the US resulted in overdoing inflation fight by FED which announced a hike rates by 75BPS and signaled further increases in the coming months. The Hawkish statement from Fed officials indicated their intention to keep raising rates until the funds...
The Indian Markets closed the week on a flat note. IT and pharma sectors ended in the red while the realty and auto stocks gained. Weak global cues amid fear of an aggressive Fed rate hike, robust economic (GDP) growth, and Reliance Industries' annual general meeting were the key highlights of the week. Better Q2 GDP growth in comparison to the global peers have...
Expertise in Industries Limited is into manufacturing Polyester Films, Polyster Chips, Specialty Polymers and Engineering Plastic compounds. The company serves varying markets like food packaging, processed food, fresh food, food on the go, shelf stable, ready to eat, liquids, beverage packaging, beverage packaging, home and personal care, industrial packaging,...
Quarterly earnings are over. Many companies reported subdued numbers, Inflation data showing improvement. India’s economic indicators remain better in comparison to global economies. Negative remained the Trade deficit which now touched 30B USD amid rise in commodity prices. In absence of macro data, market will react on the Global cues and FOMC minutes of...
Natural Gas: The storage facilities data in the United States increased by 44B cubic feet vs the estimate of 39B has put some demand concerns previous week. However, The temperatures in the US this summer remain high with several heatwaves boosting demand for air conditioners. Additionally, The Freeport LNG has recently agreed with regulators to partially...
M&M Revenue: 66.7% Up YoY at 1,96,126. 14.5% up QoQ EBIDTA: 43.5% up YoY at 23,410. 20.3% up QoQ PBT: 58.3% up YoY at 17,882. 13.7% up QoQ EPS Stands 12.2 Vs 7.2 YoY Key updates *Segmental revenue* Automotive: 12,741Cr vs 6,317Cr. Amid strong back to back hits (Thar, Xuv 700) Farm equipment: 8,428Cr vs 7,189Cr Amid strong Rabi harvesting and good...
Good set of Numbers by Marico Domestic and Internation segment witnesses robourst growth in Q1 Results MARICO Q1 : CONS. NET PROFIT UP 3.5 % AT 377 CR (YOY), UP 47 % (QOQ) REVENUE UP 1.2 % AT 2558 CR (YOY), UP 18 % (QOQ) EBITDA UP 10 % AT 528 CR (YOY), UP 52 % (QOQ) MARGINS AT 20.6 % V 19 % (YOY), 16 % (QOQ)
Good set of numbers! Manufacturer of: 1. Chromium Compounds: The company is the leading manufacturer in India & South Asia for Chromium compounds. The key raw material constituting more than 60% combined are Chrome Ore and Soda Ash 2. Barium Compounds: Company has ~40% market share of the Barium Carbonate in India. Results VISHNU CHEMICAL Q1 : CONS. NET...
Solid Results by #BASF India Revenue 🔼15% QoQ at 3887Cr vs 29% YoY EBIDTA 🔼 39% QoQ at 313Cr vs 7% YoY PBT 🔼 48% QoQ at 264 Cr vs 6% YoY Segments Agri solution witness jump of 55% QoQ, Margins improved to 15% Suface technology turned profitable segment with margins 6% vs -7% *Technically*- Stock on verge of breakout on Weekly chart, Expect levels of 3100/3700++
Copper prices have been rising in the past two weeks as producers chile flagged supply risks. 1. Souring heat wave in west seek demand for energy generation 2. The demand in electric vehicle adoption would likely to grow despite risk of economic slowdown. To add fuel to the fire, The largest miner of copper Chile posted a 1.5 percent YoY fall in Industrial...