BANK NIFTY TIPS

SELL BANK NIFTY@19530 STOP LOSS 19680 TARGET 19430/19300/19130

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India Industrial Output - Dec Up 1.7% On Yr

 India Industrial Output - Dec Up 1.7% On Yr

 

   MUMBAI : India's Index of Industrial Production with year-on-year and month-on-month change in percent for the base year

2004-05=100

 

  Next update of IIP Index for Jan 2015 will be on Mar 12.

 

  Note: The IIP indices and growth rates have been recompiled from Apr 2008 using Wholesale Price Index new series with base 2004-05 for the IIP items reported in value terms.

 

(Source: Central Statistical Organisation; Press Information Bureau.)

      

* quick estimates

# first revision

@ Second (final) revision will be carried in Mar 2014.

Indices for the months of Sep'2014 and Nov'2014 incorporate updated production data.

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Gold Outlook: May extend gain Mon on weak dollar, weak US data

Gold Outlook: May extend gain Mon on weak dollar, weak US data

 

   MUMBAI, FEB 16 (TickerNews Service): Gold may extend gain for a second straight trading session Monday after dollar weakened against the other currencies and on weak economic data from United States, the world's biggest economy, said analysts.

  "Gold will rise on weak dollar after US consumer sentiments unexpectedly fell in February," said Ajay Kumar Kedia an analyst with Kedia Commodities.

  Prices of the bullion will be supported as weak dollar globally boosts investors' appetite for the dollar denominated commodities, said analysts.

  At 9:35AM dollar index, which measures the strength of greenback against its six major trading partners, dropped 0.29% to 93.94.

  Prices of the bullion will also be up after US consumer sentiments data fell unexpectedly in February from 11-year high amid worries over slowing economic growth of the country, increasing safe haven appeal for the yellow metal, said analysts.

  US Reuters/Michigan consumer sentiment index eased to 93.6 in February compared to analysts expectation of 98.1 and 98.1 a month ago, government data showed.

  Gold price will also be supported by safe haven appeal as investors are caution ahead of Greece's talks, over its debt and austerity measures that due to resume on Monday as the latest Euro-zone meeting ended with no agreement, said analysts.

  On Sunday, Greece said that it was confident of reaching agreement in negotiations with its euro zone partners but reiterated it would not accept harsh austerity strings in any debt pact.

   On Friday, gold for April delivery at the close of trades rose 0.64% to Rs 26,691 per 10 grams on the Multi-Commodity Exchange (MCX).

  Gold prices rose 0.46% to $ 1,232.70 per ounce on the Comex exchange.

  Gold prices are likely to find support at Rs 26,559-26,662 per 10 grams while resistance is seen at Rs 26,761-26,824 per 10 grams today, said Ramesh Chenchala, technical analysts with Karvy Comtrade.

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NSE TIPS

BUY HDIL @117 STOP LOSS 108 TARGET 128/138/148

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HDIL NEWS

TNS STOCKS: HDIL spurts as Q3 net profit rises more than 2-fold on income

 

  MUMBAI, FEB 16: Housing Development and Infrastructure Ltd., a Mumbai-based real estate development company, spurted Monday as fiscal third quarter net profit rose more than two fold or 234.41% on higher income from operations.

   Company's net profit rose to Rs 690.9 million in the three months ended Dec 31 compared to Rs 206.6 million in the corresponding period a year ago, HDIL said in a statement to the stock exchanges on Saturday.

  Income from operation rose to Rs 3.47 billion in the three months ended Dec 31 compared to Rs 0.68 million in the same period a year ago.

  Other income also rose to Rs 34.4 million in the third quarter compared to Rs 27.4 million in the same quarter a year ago.

  At 9:30AM, HDIL spurted 6.4% to Rs 117.25 on the Mumbai stock exchange.

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