Commodity Market News Update :- Copper & Nickel

Copper on MCX settled down -0.31% at 432.65 as profit booking seen after dollar rebound slowed a rally in prices based on China's robust housing and manufacturing growth. Technically market is getting support at 430.8 and below same could see a test of 429 level, And resistance is now likely to be seen at 435.1, a move above could see prices testing 437.6.

At the MCX, copper futures for August 2017 contract was trading at Rs 434.20 per kg, up by 0.38 %, after opening at Rs 435.00, against a previous close of Rs 432.55. It touched the intra-day high of Rs 435.00.

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Nickel futures were trading higher during the afternoon trade in the domestic market on Thursday as participants widened their bets, driven by pick-up in demand in the spot market. Analysts attributed rise in nickel futures to building-up of positions by traders due to pick up in demand from alloy- makers in the spot market.

At the MCX, nickel futures for August 2017 contract was trading at Rs 748.40 per kg, up by 1.37 per cent, after opening at Rs 742.40, against a previous close of Rs 738.30. It touched the intra-day high of Rs 748.40.

HEG EQUITY MARKET CALL

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Commodity Market News Update

Nickel / Aluminium / Soyabean

Nickel trading range for the day is 729.1-765.7 . Nickel on MCX settled up 0.15% at 746.50 hold gains on short covering as support seen from Chinese nickel futures which led most base metals higher on Tuesday, helped by a resurgent market for steel. Nickel, chiefly used in making stainless steel, has been on a tear, rising 27 percent in price since early July on the Shanghai Futures Exchange. Nickel has supply issues that are still playing out and that's helping, particularly when we see steel prices going up too. Yesterday Three-month nickel on the London Metal Exchange was up 2.3 % at $11,745.

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Aluminium on MCX settled up 0.76% at 132.95 tracking firmness in LME prices as support seen as the dollar sank after North Korea raised geopolitical tensions. LME aluminium stocks have climbed by around 40,000 tonnes since mid-month, as traders deliver metal rather than hold it given a blow-out in spreads. Technically Market is under short covering as market has witnessed drop in open interest by -6.22% to settled at 1990 while prices up 1 rupees, now Aluminium is getting support at 131.8 and below same could see a test of 130.6 level, And resistance is now likely to be seen at 133.8, a move above could see prices testing 134.6.

Soyabean on NCDEX settled down by -1.98% at 3116 tracking weak international prices and good rains in rain deficient areas of Maharashtra and Madhya Pradesh. Acreage of soybean across the country was at 10.5 mln ha down 7.3% from a year ago, according to latest data released by the agriculture ministry. The area under soybean has declined this year due to a fall in acreage in Madhya Pradesh, the largest producer, because of poor rains in the state so far.

                                 Trading Ideas

1. Soyabean trading range for the day is 3065-3201.
2. Soyabean ended with losses tracking weak international prices and good rains in rain deficient areas of Maharashtra and Madhya Pradesh.
3. Acreage of soybean across the country was at 10.5 mln ha down 7.3% from a year ago.
4. At the Indore spot market in top producer MP, soybean dropped -49 Rupees to 3106 Rupees per 100 kgs.

Sensex, Nifty end down one percent, snap four-day winning streak

The Sensex and Nifty declined more than 1 % on Tuesday, snapping four consecutive sessions of gains, as escalating worries around North Korea added to the volatility ahead of local derivatives contracts expiry this week.

Both indexes had marked their biggest intraday percentage fall in nearly nine months during the session.

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The Nifty closed 1.2 % lower at 9,796.05, while the benchmark Sensex ended down 1.14 % at 31,388.39 Nifty below 9,800.

The 30-share BSE Sensex was down 371 points or 1.17 %at 31,379.82 and the 50-share NSE Nifty fell 126.85 points or 1.28 % to 9,785.95, at 14:04 hours IST.

सेंसेक्स 155 अंक चढ़कर बंद, निफ्टी 9900 के ऊपर

घरेलू बाजारों ने एक्सपायरी हफ्ते की दमदार शुरुआत की है। निफ्टी 9900 के पार निकला तो सेंसेक्स ने भी डबल सेंचुरी लगाई। सेंसेक्स और निफ्टी 0.5 फीसदी की बढ़त के साथ बंद हुए हैं। आज की तेजी के माहौल में निफ्टी ने 9925.75 तक दस्तक दी, तो सेंसेक्स 31809.70 तक पहुंचा। अंत में निफ्टी 9900 के ऊपर ही बंद होने में कामयाब हुआ है, जबकि सेंसेक्स 31750 के करीब बंद हुआ है।

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मिडकैप और स्मॉलकैप शेयरों में भी जोश नजर आया है। बीएसई का मिडकैप इंडेक्स 1 फीसदी तक बढ़कर बंद हुआ है, जबकि निफ्टी के मिडकैप 100 इंडेक्स में 1.1 फीसदी की बढ़त दर्ज की गई है। बीएसई का स्मॉलकैप इंडेक्स 1.1 फीसदी तक मजबूत होकर बंद हुआ है।

फार्मा, आईटी, बैंकिंग, कैपिटल गुड्स, कंज्यूमर ड्युरेबल्स और पावर शेयरों में खरीदारी देखने को मिली है। बैंक निफ्टी करीब 0.5 फीसदी बढ़कर 24,377 के स्तर पर बंद हुआ है।

बीएसई का 30 शेयरों वाला प्रमुख इंडेक्स सेंसेक्स 155 अंक यानि 0.5 फीसदी की तेजी के साथ 31,751 के स्तर पर बंद हुआ है। वहीं, एनएसई का 50 शेयरों वाला प्रमुख इंडेक्स निफ्टी 56 अंक यानि 0.6 फीसदी तक बढ़कर 9,913 के स्तर पर बंद हुआ है।

आज के कारोबार में दिग्गज शेयरों में इंफोसिस, आईओसी, एनटीपीसी, सन फार्मा, यस बैंक, हीरो मोटो और एचयूएल 3.2-1.9 फीसदी तक मजबूत होकर बंद हुए हैं। हालांकि दिग्गज शेयरों में डॉ रेड्डीज, पावर ग्रिड, टाटा मोटर्स, टाटा मोटर्स डीवीआर, टाटा स्टील, एसबीआई और टीसीएस 1.9-0.4 फीसदी तक गिरकर बंद हुए हैं।

सोने की हर खरीद के लिए पैन कार्ड जरूरी!

कालेधन पर लगाम लगाने और सोने की कालाबाजारी रोकने के लिए मोदी सरकार एक और बड़ा फैसला कर सकती है। अब सोने की हर तरह की खरीद पर पैन कार्ड दिखाना होगा। वित्तीय समिति ने सरकार को ये सिफारिशें दी है। रिपोर्ट के मुताबिक समिति ने यह सिफारिश सोने की कालाबाजारी रोकने के लिए की है। फिलहाल 2 लाख से ज्यादा के सोने की खरीद पर पैन जरूरी होता है।

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फाइनेंशियल पैनल की सिफारिशों के मुताबिक सोने की हर खरीद के लिए पैन जरूरी होना चाहिए, सोना खरीदने के लिए हर दिन नकद सीमा को मंजूरी मिले, हर ट्रांजैक्शन को इलेक्ट्रॉनिक रजिस्ट्री के जरिए रजिस्टर करवाया जाए और टैक्स चोरी करने वालों के खिलाफ कड़े नियम बनाए जाएं।

OPENING BUZZ

NIFTY FUTURE UP 32.50 @ 9905.75

BANKNIFTY FUTURE UP 64.35 @ 24394.65

SENSEX UP 28.05 @ 31596.06

INR @ 63.88

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STOCK RECOMMENDATION FOR MONDAY

SCRIPT NAME	RECOMMENDATION	LEVEL
BHARAT WIRE	BUY ABOVE	89.50
8K MILES	BUY ABOVE	511.00
D MART	SELL BELOW	992.00
ITDC	SELL BELOW	491.00

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कच्चे तेल की कीमत 50.51 डॉलर प्रति बैरल

भारतीय बास्केट के कच्चे तेल की अंतर्राष्ट्रीय कीमत बुधवार को 50.51 डॉलर प्रति बैरल दर्ज की गई। यह मंगलवार को दर्ज कीमत 50.56 डॉलर प्रति बैरल से कम रही। पेट्रोलियम एवं प्राकृतिक गैस मंत्रालय के अधीनस्थ पेट्रोलियम नियोजन एवं विश्लेषण प्रकोष्ठ (पीपीएसी) द्वारा गुरुवार को यह जानकारी दी गई।

रुपये के संदर्भ में भारतीय बास्केट के कच्चे तेल की कीमत बुधवार को बढ़कर 3238.93 रुपये प्रति बैरल हो गई, जबकि मंगलवार को यह 3241.28 रुपये प्रति बैरल थी। बुधवार को रुपया कमजोर होकर 64.03 पर बंद हुआ जबकि मंगलवार को रुपया 64.11 प्रति डॉलर के स्तर पर बंद हुआ था।

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Oil rises on fears Hurricane Harvey will hit U.S. production

Oil prices rose on Friday as the U.S. petroleum industry prepared for the arrival on the coast of Texas of Hurricane Harvey, which threatens to disrupt onshore and offshore production.

The tropical storm has rapidly intensified since Thursday, spinning into potentially the biggest hurricane to hit the mainland United States in 12 years and taking aim at the heart of the nation's oil refining industry between Houston and Corpus Christi.

U.S. West Texas Intermediate (WTI) crude futures were at $47.74 a barrel at 0219 GMT, up 31 cents, or 0.6 %, from their last settlement.

Brent crude futures, the international benchmark for oil prices, were at $52.40 per barrel, up 36 cents, or 0.7 %, from their last close.

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200 रुपये के नोट शुक्रवार को जारी होंगे

भारतीय रिजर्व बैंक (आरबीआई) ने गुरुवार को कहा कि 200 रुपये के नोट शुक्रवार से प्रचलन में आ जाएंगे। महात्मा गांधी (नवीन) सीरीज वाले 200 रुपये के नोट पर रिजर्व बैंक के गवर्नर उर्जित पटेल के हस्ताक्षर होंगे और ये शुरुआत में आरबीआई के चुनिंदा कार्यालयों और कुछ बैंकों द्वारा जारी किए जाएंगे।

इस नोट के पिछले हिस्से में सांची के स्तूप का रूपांकन होगा और यह हल्के पीले रंग का होगा।

इसका उद्देश्य कम मूल्य के नोटों के प्रचलन को बढ़ाना है।

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आरबीआई ने कहा, "200 रुपये मूल्य के नोटों को जारी करना तार्किक रूप से आवश्यक है। इससे मौजूदा मुद्रा प्रणाली अधिक प्रभावी होगी।"

Gold futures down on weak global cues

Gold futures were trading down in the domestic market on Thursday as speculators trimmed their positions amid a weak global trend. Market analysts said the fall in gold futures was mostly in tune with a weak trend overseas.

At the MCX, gold futures for October 2017 contract was at Rs 29150 per 10 grams, down by 0.05 per cent, after opening at Rs 29142 against a previous close of Rs 29164. It touched the intra-day low of Rs 29123.

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                         Trading Ideas

1. Gold trading range for the day is 29011-29291.
2. Gold prices edged up with investors turning to the precious metal amid political uncertainty in the US before a major central banking conference this week.
3. U.S. President Donald Trump raised the prospect of a government shutdown as he tries to force through his plans to build the wall along the border with Mexico.

निफ्टी 9850 के ऊपर बंद, सेंसेक्स 276 अंक मजबूत

सेंसेक्स और निफ्टी करीब 1 फीसदी बढ़कर बंद हुए है। आज के कारोबार में निफ्टी 9857.9 तक दस्तक देने में कामयाब रहा, जबकि सेंसेक्स 31593.39 तक पहुंचा था। अंत में निफ्टी 9850 के ऊपर ही बंद हुआ है, जबकि सेंसेक्स 31550 के ऊपर बंद हुआ है।

मिडकैप और स्मॉलकैप शेयरों में भी जोश देखने को मिला है। बीएसई का मिडकैप इंडेक्स 1.4 फीसदी बढ़कर बंद हुआ है। निफ्टी के मिडकैप 100 इंडेक्स में 1.2 फीसदी की मजबूती आई है। बीएसई का स्मॉलकैप इंडेक्स 1.2 फीसदी तक मजबूत होकर बंद हुआ है।

बैंकिंग, ऑटो, मेटल, फार्मा, रियल्टी, ऑयल एंड गैस, पावर और कैपिटल गुड्स शेयरों में अच्छी खरीदारी देखने को मिली है। निफ्टी के पीएसयू बैंक इंडेक्स में 2.1 फीसदी, ऑटो इंडेक्स में 0.7 फीसदी, मेटल इंडेक्स में 1.75 फीसदी और फार्मा इंडेक्स में 0.6 फीसदी की बढ़त दर्ज की गई है। बीएसई के रियल्टी इंडेक्स में 3.5 फीसदी, ऑयल एंड गैस इंडेक्स में 0.9 फीसदी, पावर इंडेक्स में 0.6 फीसदी और कैपिटल गुड्स इंडेक्स में 0.6 फीसदी की मजबूती आई है।

बीएसई का 30 शेयरों वाला प्रमुख इंडेक्स सेंसेक्स 276 अंक यानि 0.9 फीसदी की तेजी के साथ 31,568 के स्तर पर बंद हुआ है। वहीं, एनएसई का 50 शेयरों वाला प्रमुख इंडेक्स निफ्टी 87 अंक यानि 0.9 फीसदी बढ़कर 9,852.5 के स्तर पर बंद हुआ है। बैंक निफ्टी करीब 1.5 फीसदी मजबूत होकर 24,317 के स्तर पर बंद हुआ है।

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Live Commodity Market News :- Menthaoil trading range for the day is 1138.1-1191.3

Mentha oil futures were trading higher during the morning trade in the domestic market on Wednesday amid pick-up in demand at domestic spot market and restricted supplies from producing regions.Mentha oil on MCX settled down by -1.75% at 1162.8 taking negative cues from spot market on easing demand from industries. Besides, ample stock positions on higher supplies from major producing belts of Chandausi in Uttar Pradesh too weighed on mentha oil prices.

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BUY MENTHA OIL AUG ABOVE 1180 TARGET 1184-1188-1198 WITH SL 1165

Market analysts said fresh positions built up by traders following pick-up in demand from consuming industries in the spot market against restricted supplies from Chandausi, led to the rise in mentha oil prices in futures trade. At the MCX, mentha oil futures for August 2017 contract was trading at Rs 1173 per kg, up by 0.88 per cent, after opening at Rs 1175, against the previous closing price of Rs 1162.80. It touched the intra-day high of Rs 1179.

MENTHA OIL HIT ALMOST 3RD TG 1198 BOOK FULL PROFIT MKT HIGH IS 1195

Mentha oil spot at Sambhal closed at 1330.00 per 1kg. Spot prices was down by Rs.-20.60/-.Technically market is under long liquidation as market has witnessed drop in open interest by -15.55% to settled at 2379 while prices down -20.7 rupees, now Menthaoil is getting support at 1150.4 and below same could see a test of 1138.1 level, And resistance is now likely to be seen at 1177, a move above could see prices testing 1191.3.

LME Inventory Data Today – 22/08/2017

The London Metal Exchange (LME) is the futures exchange with the world’s largest market in options and futures contracts on base and other metals. LME Inventory Reports Contains Previous Day Closing Stock of Commodities held in London Metal Exchange. Below are the Updated LME Inventory Today Report. Here is Todays MCX LME INVENTORY LEVEL Which contains Lme Copper, Zinc, Aluminium, Nickel, Lead & Tin

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ZINC MARKET NEWS & CALLS UPDATE

SELL ZINC AUG BELOW 199.65 TARGET 199.15-198.65-197.65 WITH SL 201.70

Zinc on MCX settled down -0.27% at 200.25 dropped on profit booking while earlier in the session prices rose to its highest price in a decade as investors ploughed into metals used by China's steel sector, seeing robust demand even as capacity is constrained by Beijing's drive for industry reform. Yesterday LME zinc hit the highest since October 2007 at $3,180.50 a tonne. Zinc prices were also driven by rising expectations of increase in the Chinese infrastructure spending, as stocks at Chinese ports fall for a fourth week.

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Technically market is under long liquidation as market has witnessed drop in open interest by -6.9% to settled at 8020, now Zinc is getting support at 198.6 and below same could see a test of 196.8 level, And resistance is now likely to be seen at 202.8, a move above could see prices testing 205.2.

Trading Ideas:

* Zinc trading range for the day is 196.8-205.2.

* Zinc pared gains on profit booking after prices rose as expectations of a large market deficit this year fuelled speculative buying.

* LME Zinc stocks were at 247,850 tonnes, are down more than 40 %since the start of the year and cancelled warrants at nearly 50 %.

India gold discounts widen as South Korea imports add to supply

Gold prices in India were at their widest discount to international prices in 11 months on Friday due to sluggish demand and an influx of the precious metal sourced from South Korea.

Gold managed to stay supported and witnessed good buying support to hit its nine month highs in the third week of August amid a jaded undertone in global equities. Strong Indian demand hopes and sustained safe haven buying also helped the yellow metal. 

The US dollar slipped lower against other major currencies, as ongoing US political tensions and doubts over an additional rate hike by the Federal Reserve this year continued to weigh. COMEX Gold tested above the critical $1300 per ounce level. MCX Gold futures managed to stay afloat and hit highs around Rs 29200 levels.

Indian traders are likely to import 25 tonnes of gold from South Korea in July-August, taking advantage of a recent tax change that allows imports without the usual 10 percent customs duty, industry officials told Reuters.India had previously imposed a 12.5 percent excise duty on imports from countries with which it had signed Free Trade Agreements (FTAs), such as South Korea.

Spot gold rose on Friday, supported by international political tensions and doubts over the ability of U.S. President Donald Trump's administration to push through its economic agenda.

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Market Outlook for Next Week

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इंफोसिस: विशाल सिक्का का इस्तीफा

विशाल सिक्का ने इंफोसिस के एमडी और सीईओ पद से इस्तीफा दे दिया है। विशाल सिक्का को प्रोन्नत करते हुए इंफोसिस का वाइस चेयरमैन बनाया गया है। वहीं यूबी प्रवीण राव को कंपनी के अंतरिम एमडी और सीईओ के तौर पर नियुक्त कर दिया गया है। विशाल सिक्का का इस्तीफा तत्काल प्रभाव से स्वीकार कर लिया गया है।

विशाल सिक्का का प्रोमोटर्स के साथ लगातार मतभेद चल रहा था और उन्होंने इस लगातार मतभेद की वजह से ही इस्तीफा दिया है। विशाल सिक्का ने अपने इस्तीफे में कहा है कि लगातार उनको अच्छे काम को नजरअंदाज किया गया है। उन पर लगाए गए सभी आरोप बेबुनियाद, झूठे साबित हुए हैं। लगातार उनके काम में रुकावट डाली गई। उन्होंने आगे कहा कि बढ़ते तनाव के बीच उन्होंनें 100 घंटे से ज्यादा बिताए हैं। विशाल सिक्का ने कहा कि उन्होंनें शेयरधारकों के हित में इस्तीफा दिया है। इस्तीफे के पहले से वे बोर्ड के संपर्क में थे।

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OPENING BUZZ UPDATE

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Gold imports jump over 2-fold to $13.35 bn in April-July

India's gold imports more than doubled to USD 13.35 billion during the April-July period of the current fiscal, according to the data of the commerce ministry, reported PTI. Gold imports, which has bearing on the country's current account deficit (CAD), stood at USD 4.97 billion in April-July 2016-17. In July this year, imports of the precious metal rose to USD 2.10 billion from USD 1.07 billion in the same month of the previous year.

Gold prices inched up early on Wednesday after two days of losses, with investors awaiting minutes from the U.S. Federal Reserve's last meeting in July for clues on the pace of potential interest rate hikes.

Spot gold inched 0.1 percent higher to $1,272.81 per ounce by 0357 GMT, after falling for two straight days.

U.S. gold futures for December delivery was down 0.1 %at $1,278.50 an ounce.

                    Trading Ideas

* Gold trading range for the day is 28949-29229.

* Gold prices edged lower, pulling back from their highest level in around two months as concerns about tensions between the U.S. and North Korea eased.

* India's gold imports are likely to jump by a third in 2017 to 750 tonnes on restocking by jewellers and as good monsoon rainfall is expected to boost demand in rural areas.

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Nifty PSU Bank index lone loser among sectoral indices

While other sectoral indices were gaining on NSE in Monday's morning trade, the Nifty PSU Bank index was trading in the negative territory, with shares of IDBI Bank (down 1.42 %), Bank of Baroda (down 0.74%) and State Bank of India (down 0.61 %) in red.

However, other components in the index, including Andhra Bank(up 0.81 %), Oriental Bank of Commerce (up 0.51%), Punjab National Bank(up 0.50%) and Canara Bank(up 0.43 %) were trading in positive.

The Nifty PSU Bank index was trading 14 points down at 3,279 around 10.35 am (IST).Among the sectoral gainers, Nifty Realty index led, followed by Nifty Metal and auto indices.

In the Nifty 50 index, Cipla (up 5.92%), Adani Ports (up 3.14 %), Tata Steel (up 2.98 %), Eicher Motors (up 2.81%), HDFC (up 2.78%),Vedanta(up 2.38%) and Hindalco (up 2.29%) were gaining over 2 %.

However,BPCL(down2.51%),Bosch(down1.87%),DrReddy's Laboratories(down 0.92%) and Larsen & Toubro (down 0.51%) were trading in red.

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Share Market Updates - BSE Telecom index extends losses for the sixth session

Extending its losing-run for the sixth session, the BSE Telecom index was trading 0.20 % down at 1,390 around 11.27 am (IST) in Friday's trade with shares of Vindhya Telelinks (down 1.83 %), Sterlite Technologies (down 3.04 %), Mahanagar Telephone Nigam (MTNL) (down 1.12%), Reliance Communications (down 0.94 %) and Bharti Airtel (down 0.56%) as the top losers in the index.

Reliance Communications saw some selling on reports that the National Company Law Tribunal is set to pronounce its decision on Monday on whether or not to consider the proposal of the merger between Reliance Communications' wireless business and Aircel. 

Stocks such as ITI (up 4.25 %), OnMobile Global (up 3.73 %), Himachal Futuristic Communications (up 2.97 %) and Tata Communications (up 2.95 %) were gaining in the index 

Benchmark Nifty50 and Sensex remained low despite a fresh spell of buying emerged in pharma and banking stocks. 

Nifty was trading 76 points lower at 9,743, while Sensex was 209 points down at 31,322 around 11.27 am (IST). 

Axis Bank, State Bank of India and YES Bank, Lupin and Dr. Reddy's Laboratories were trading in green in the Nifty chart, whereas Vedanta, hindalco, Hero MotoCorp and Reliance Industries were losing. 

Shares of JP Associates, Suzlon Energy, Unitech, HCL Tech, HDIL, NCC, IFCI, Adani Power, South Indian Bank, Union Bank India, Tata Motors and IDFC Bank were among most traded securities on NSE.

In the Nifty50 pack, 14 stocks were trading in green, while 37 stocks were in red. 

On BSE, 878 stocks were advancing whereas 1,379 stocks were lagging.

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Security and Intelligence Services debuts with 5% gains at Rs 855

Security and Intelligence Services (India) opened the first trade at Rs 855 on the National Stock Exchange, up 4.9 percent over its issue price of Rs 815.

The listing was on expected lines as the issue saw a subscription of 7 times.

At 10:02 hours IST, the stock was trading at Rs 856.95, up 5.14 percent over issue price but down 2.6 % from pre-opening price.

In the pre-opening, the stock settled at Rs 879.80, higher by 8 percent from its issue price

The listing was on expected lines as the issue saw a subscription of 7 times.

At 10:02 hours IST, the stock was trading at Rs 856.95, up 5.14 percent over issue price but down 2.6 percent from pre-opening price.

In the pre-opening, the stock settled at Rs 879.80, higher by 8 percent from its issue priceThe funds raised through fresh issue would be used for repayment & pre-payment of a portion of certain outstanding indebtedness availed by company (about Rs 200 crore); funding working capital requirements (Rs 60 crore); and general corporate purposes.

The Security and Intelligence Services provides security services both in India and Australia with diverse solutions across the security spectrum. The portfolio of services includes security design and solutions, fire safety, event security, VIP protection, aviation security, emergency response, investigation work and integrated technology solutions providing man-tech solutions.

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Today's Share Market News - Nearly 70 stocks hit fresh 52-week low today

Nearly 70 stocks, including 3i Infotech, Aarvee Denims & Exports, Ajanta Pharma, Dr. Reddy's Laboratories, Energy Development Company, GTPL Hathway, Housing Development and Infrastructure, JBF Industries , Jindal Photo, Lupin, NDTV, OnMobile Global, Sun Pharmaceutical Industries and Tata Motors hit their fresh 52-week low on NSE in Wednesday's trade. 

However, V2 Retail, Edelweiss Financial Services, Sunteck Realty, Indraprastha Gas, PC Jeweller, Reliance Capital, Mahanagar Gas, Vedanta, Jubilant Food, Landmark Prop, Oil India, JSW Steel, Birla Corporation, Emkay Global and Eastern Silk were among the 17 stocks that hit fresh 52-week high today. 

Sustained selling in bank, pharma, FMCG and auto stocks kept the bourses in the negative zone. 

Select metal and PSU bank stocks were gaining in the trade. 

In the Nifty Metal pack, Tata Steel (down 0.63 %), APL Apollo Tubes (down 0.43 %), JSW Steel (down 0.41 %), Ratnamani Metals & Tubes (down 0.40 %) and Coal India (down 0.29 %) were trading in red. 

Hindalco Industries  (up 2.53 %), Indian Oil Corporation (up 2.15 %), Vedanta (up 2.02 %), NTPC (up 1.90%) and State Bank of India(up 0.91 %) were topping the Nifty chart. 

Benchmark Nifty50 index was 19 points down at 9,960, while the 30-share Sensex was 101 points down at 31,913.

In the Nifty50 pack, 21 stocks were trading in green, while 30 stocks were in red. 

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Dalal Street week ahead Risk-reward is bad IT pharma stocks may do well

Much as was expected in our previous weekly note, the domestic equity market witnessed a significant amount of volatility during the week gone by.

Still, the benchmark Nifty50 continued to post modest gains and ended the week with net gains of 51.90 points, or 0.52 per cent on a weekly basis. We still maintain and reiterate that the 10,114 and 10,150 levels will be very critical for the index. Unless these levels are breached significantly on the upside, sustainable upward moves will not be seen.

The 10,150 and 10,230 levels will act as immediate support for the Nifty50 during the forthcoming week. Supports will come in at 9,960 and 9,850 levels.

The Relative Strength Index or RSI on the weekly chart stands at 79.7787 and it has marked a fresh 14-period high. 

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EQUITY MARKET CASH CALLS UPDATE

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हिन्दुस्तान कॉपर के विनिवेश से सरकार जुटाएगी 400 करोड़ रुपये

सरकार ने गुरुवार को कहा कि वह हिन्दुस्तान कॉपर लि. की 6.83 फीसदी पेड अप हिस्सेदारी का ऑफर फॉर सेल (ओएसएस) के माध्यम से विनिवेश करेगी, जिससे 400 करोड़ रुपये जुटाने की योजना है।

वित्त मंत्रालय ने एक बयान में कहा, "कुल मिलाकर हिन्दुस्तान कॉपर के ओएफएस को निवेशकों से अच्छी प्रतिक्रिया मिली है। यह चालू वित्त वर्ष में चौथी सरकारी कंपनी है जिसका विनिवेश किया जा रहा है। ओएफएस के बाद हिन्दुस्तान कॉपर में सरकार की हिस्सेदारी घटकर 76.05 फीसदी हो जाएगी।"

बयान में कहा गया, "बुधवार और गुरुवार को ट्रेडिंग होगी। इसका फ्लोर प्राइस 64.75 रुपये प्रति शेयर (5 रुपये के फेस वैल्यू पर) तय किया गया है और खुदरा निवेशकों को गैर खुदरा श्रेणी की कट-ऑफ कीमत में 5 फीसदी की छूट दी जाएगी।"

बयान में कहा गया कि हिन्दुस्तान कॉपर ओएफएस के खुदरा हिस्से को खुदरा निवेशकों से अच्छी प्रतिक्रिया मिली है और ऑफर साइज को संशोधित कर 1.26 करोड़ शेयर किया गया, जो पूरी तरह से सब्सक्राइव हो गया।

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Commodities Daily Technical Report

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RBI sets rupee reference rate at 63.6314 against dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 63.6314 against the U.S. dollar and 75.3905 for the euro. The corresponding rates were 64.0690 and 75.7488, on August 02. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 84.1589 and 57.53 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quotes at noon. The SDR-rupee figure will be based on this rate, the statement added.

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