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Days overview Market Highlights Outlook Important Events for Today
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Vedika Narvekar - Sr. Research Analyst vedika.narvekar@angelbroking.com (022) 2921 2000 Extn :6130 Saif Mukadam Research Analyst saif.mukadam@angelbroking.com (022) 2921 2000 Extn :6136 Anish Vyas - Research Analyst anish.vyas@angelbroking.com (022) 2921 2000 Extn :6104
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International Commodities
Performance during the day
Index Nifty Sensex Nikkei Kospi FTSE Open High
French Flash Manufacturing PMI remained unchanged in March German Flash Manufacturing PMI declined to 48.9-level in March UK's Retail Sales increased by 2.1 percent in February Europe Flash Manufacturing PMI declined to 46.6-level in March Europe Flash Services PMI dropped to 46.5-level in Current month European markets are trading lower on account of unfavorable economic data from euro region coupled with concerns over Cyprus bailout. Asian markets closed on mixed note. US stock futures are trading on mixed note. French Flash Manufacturing Purchasing Managers' Index (PMI) remained unchanged at 43.9-mark in the month of March. German Flash Manufacturing PMI declined by 1.4 points to 48.9-level in March from previous rise of 50.3-mark in February. Europe Flash Manufacturing PMI declined by 1.3 points to 46.6-level in present month with respect to increase of 47.9-mark in last month. Europe Flash Services PMI dropped by 0.8 points to 46.5-level in existing month when compared to 47.3-mark in February. UK's Retail Sales increased by 2.1 percent in February from earlier decline of 0.6 percent in January. Spot gold prices are trading higher as the US Fedral Reserve decided to continue with its bond buying program. Further, worries over Cyprus bailout, driving investors to buy gold as safe haven. Appreciation in the Indian Rupee added downside pressure on the prices on MCX. Taking cues from rise in the gold prices coupled with upside movement in base metals pack, Spot silver prices increased by 0.52 percent today. Further, positive retail sales data from UK coupled with weakness in DX supported prices to trade positive. However, negative economic data from Europe capped sharp gains in prices. In the Indian markets, appreciation in the Indian Rupee prevented sharp upside movement in prices. The base metals group traded on a positive note on the back of expectation of positive economic data from US. Further, positive retail sales data from UK coupled with weakness in DX supported prices to trade green. However, mixed LME inventories along with unfavourable economic data from Europe capped sharp rallies in prices. In the Indian markets, appreciation, in the Indian Rupee capped sharp gains in the prices. Nymex crude oil prices decreased by 0.02 percent on the back of worries over Cyprus bailout coupled with unfavourable economic data from Europe. However, expectation of favourable economic data from US , weakness in DX along with positive retail sales data from UK prevented sharp decline in prices. Additionally, negative crude oil inventory in yesterdays trade cushioned sharp downfall in prices. On MCX, appreciation in the Indian rupee added downside pressure on the prices. .
as at 4.30 pm 21 March 13
Low Last % Chg from Prev day
as at 4.30 pm 21 March 13
Currency Dollar Index Euro/$ Spot INR/$ Spot Open High Low Current % Chg from Prev day
as at 4.30 pm 21 March 13
Commodity Spot Gold Comex Gold Mar13 MCX Gold Apr13 Spot Silver Comex Silver May13 MCX Silver May13 Crude Oil Nymex Apr 13 ICE -Brent Crude Oil* MCX Crude Oil Mar 13 Copper LME - 3 Month MCX Copper April13 Zinc LME - 3 Month Zinc MCX - Mar13 Lead LME - 3 Month Lead MCX - Mar13 Nickel LME - 3 Month Nickel MCX Mar13 Aluminum LME - 3 Month Aluminum MCX Mar13 Unit Open High Low Last % Chg from Prev day
1605.97 1610.00 29662.00 28.78 28.23 54392 93.36 108.48 5085 7606.00 417.60 1935.00 104.30 2188 118.45 16815 916.70 1942.00 104.50
1609.46 1613.00 29695.0 28.92 28.88 54450 93.53 108.75 5095 7750.00 420.00 1954.00 104.80 2221 119.20 16950 919.50 1958.00 104.70
1604.04 1606.20 29613.0 28.72 28.425 54150 92.79 108.12 5070 7606.00 416.10 1931.00 103.70 2188 118.50 16815 912.70 1938.00 104.00
1608.76 1607.50 29681.0 28.91 28.783 54331 93.17 108.31 5092 7640.50 417.15 1945.00 103.90 2203 118.20 16868 915.40 1942.00 104.05
0.18 -0.24 -0.06 0.52 -0.09 0.16 -0.02 -0.38 -0.08 0.28 0.02 0.52 0.43 0.87 0.47 0.32 -0.11 -0.05 -0.05
Source: Reuters.
International Commodities
Outlook In the evening session, we expect precious metal, base metals and crude oil prices to trade on the positive note on the back of expectation of favourable economic data from US coupled with weakness in DX. Further, positive manufacturing data from china and rise in retail sales data from UK will support prices to trade on higher side. However, unfavourable economic data from Europe coupled with expectation of rise in initial jobless claims data from US will prevent sharp gains in prices or even reversal in prices.