NSE BSE Indian Stock Tips - Aceinvestmentadvisory.com: 11/03/14

Monday, November 3, 2014

Why Dr. Reddy’s, Pfizer, Wyeth are Up Today

Sharemasterindia.com: Shares in Dr. Reddy’s Lab gained nearly 3 per cent to a day high of rupee“>Rs. 3,261 on Monday as the company is planning to file two new drug applications (NDA) with the US Food and Drug Authority by the end of 2015.
The company said one drug is in late phase of clinical trials.
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Rupee Falls to 61.49/Dollar on Broad Dollar Gains

Sharemasterindia.com: The rupee traded at 61.49 versus its previous close of 61.3950/4050 as dollar gained overseas. China October official PMI dipped to 50.8, vs forecast of 51.2, September 51.1
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Strong Dollar Squeezes Commodities, Bank of Japan Puts ECB in a Bind

Sydney(Sharemasterindia.com): The US dollar powered to seven-year peaks against the yen on Monday and a two-year high on the euro, a punishing trend for commodities priced in dollars, with both gold and silver falling sharply.
Disappointing surveys out of China’s manufacturing and services sectors highlighted the relative health of the US economy, and piled pressure on other countries to ease monetary policy yet further.
The dollar came within a whisker of 113.00 yen in early trade, before taking a breather at 112.75. It has climbed over 3 per cent since the Bank of Japan stunned markets by doubling down on its already massive stimulus program.
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Jet Airways, SpiceJet Surge on Jet Fuel Price Cut

Sharemasterindia.com: Shares in aviation companies like Jet Airways, SpiceJet surged on Monday as jet fuel prices were cut by a steep 7.3 per cent on Saturday.
This was the fourth straight cut in jet fuel prices since August on the back of falling crude oil prices.
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Sensex Nears 28,000, Nifty Hits 8,350

Sharemasterindia.com: BSE Sensex and Nifty extended their record run today gaining nearly 0.3 per cent in early trade. The Sensex rose nearly 100 points at its day’s high, touching 27,969. Nifty rose to 8,350 to its day’s high.
Indian markets have gained for the tenth time in last eleven sessions, buoyed by the reforms momentum and a rally in global markets.
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Crude Oil Prices Mixed in Asian Trade

Singapore(Sharemasterindia.com): Oil prices were mixed in Asia on Monday as dealers focused on a slew of global manufacturing data for clues about demand growth, while a strong dollar capped any gains, analysts said.
US benchmark West Texas Intermediate (WTI) for December delivery fell four cents to $80.50 while Brent crude for December was up four cents at $85.90 in mid-morning trade.
“The focus right now is on the manufacturing data to be released. We are looking for signs of industrial growth, which will in turn mean greater crude demand,” Daniel Ang, investment analyst at Phillip Futures in Singapore, told AFP.
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TVS Motor, Maruti Suzuki, Mahindra & Mahindra in Focus Today

The Nifty is likely to open higher on Monday tracking futures trade on Singapore Stock Exchange. Sentiment is likely to be positive today as foreign investors have increased their intensity of buying Indian equities. Foreign investors have bought shares worth rupee“>Rs. 1,755 crore in cash market on Friday. However domestic investors were net sellers to the tune of Rs. 276 crore.
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