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Natural Gas Important Updates for 24 March 2017

Natural gas trading range for the day is 193.5-201.7. Natural gas prices dropped after data showed that natural gas supplies in storage in the U.S. fell broadly in line with market expectations. The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. declined by 150 billion cubic feet. Total natural gas in storage currently stands at 2.092 trillion cubic feet, according to the U.S. EIA, 16% lower than levels at this time a year ago.

Crude dropped because of investor concerns that OPEC-led supply cuts

Crudeoil trading range for the day is 3096-3210. Crude dropped because of investor concerns that OPEC-led supply cuts were not yet reducing record U.S. crude inventories. The U.S. EIA said in its weekly report that crude oil inventories rose by 5.0 million barrels last week to an all-time high of 533.1 million. OPEC agreed in November last year to curb its output by about 1.2 million barrels per day between January and June.

Stock Market Headlines for 24 March 2017

Market Live: Nifty reclaims 9100, Sensex higher in opening: Bharti, Yes Bank gain
Wall Street falls as doubts mount about Trump healthcare bill
Dollar hangs on for US healthcare vote, Asia shares muted
Caution! TVS Motor, GAIL, Idea among 5 stocks global brokerages recommend ‘Sell’
A bull case for Indian market: Nifty on track to climb mount 11000
5 large-cap stocks with the rare combo of good fundamentals & decent valuations
Top five stocks to buy which can give up to 16% return in short term
Buy, Sell, Hold: 5 stocks you should keep an eye on
Bull’s Eye: Buy MCX India, Bajaj Finance, Nitin Fire, Inox Wind, Amara Raja
Yes Bank remains one of our top picks, says IDBI Capital’s Ravikant Bhat
Stocks in the news: Bharti, Yes Bank, NHPC, Majesco, IDBI, Reliance Comm, Ujaas Energy
Setback for Yogi Adityanath? Jaitley rules out farm loan waivers to states
India’s CAD jumps to USD 7.9 billion in Q3
After Telenor, Airtel to acquire Tikona Networks’ 4G biz for about Rs 1,600cr
RBI puts 4 public sector banks under watch on asset quality concerns
Policy announcement on tackling bad loans in ‘couple of days’: Jaitley
On day 2, Shankara Building IPO gets oversubscribed 2.49 times

Top Stocks to be Focused for 24 March 2017

YES Bank: Six months after aborting an earlier attempt, private sector lender Yes Bank on Thursday said it will be hitting the market with qualified institutional placement (QIP) again, aiming to raise $650 million.

BPCL: Oil marketing company Bharat Petroleum Corporation LtdBSE -1.09 % (BPCL) on Thursday declared second interim special dividend of Rs 12 per equity share of face value Rs 10 each for the financial year 2016-17. The announcement was made after market hours on March 23.

UCO Bank, IDBI BankBSE -0.46 %, IOB: The Reserve Bank has put four public sector lenders, including IDBI Bank and Indian Overseas BankBSE 0.75 %, under watch and advised them to stay off risky assets so that their financial health is not stressed further. While UCO Bank also figures in the list, the name of the fourth lender could not be immediately ascertained.

Lupin: Drug major LupinBSE -0.28 % has received approval from the US health regulator to market a generic version of NovartisBSE -0.16 %’ inhalation product Tobi, which is used to treat cystic fibrosis, in the American market.

Siemens: Siemens LtdBSE 0.60 % on Thursday announced that it has won an order worth around Rs 187.4 crore from Bangladesh Rural ElectrificationBSE 3.69 % Board (BREB), Dhaka.

Majesco: The company on Thursday announced that a tier one insurer has selected Majesco following an extensive evaluation as their strategic partner for the multiyear modernisation program.

Bharti Airtel: Telecom major Bharti AirtelBSE 1.06 % on Thursday said it will acquire 4G business of Tikona Networks, including broadband spectrum and 350 sites across 5 circles, for about Rs 1,600 crore.

Idea Cellular: The valuation of the merged Vodafone India-Idea Celullar entity is likely more around Rs 160 a share, 23 per cent higher than the Rs 130 a unit price that the UK telco has agreed to sell its shares at to the Aditya Birla Group, after accounting for all the operational synergies, said a Vodafone official.

Reliance Infrastructure: Anil Ambani-led Reliance Infrastructure has emerged as the lowest bidder for a 800 crore highway construction job in Tamil Nadu, people close to the development told ET.

Adani Power: Adani Power said it has allotted 1.73 crore equity shares upon partial conversion of the convertible warrants as earlier allotted on preferential basis to promoter group entities. The shares were allotted at Rs 32.54 per share. Subsequent to this allotment, the shareholding of the promoter and promoter group has increased to 68.08 per cent of the enhanced paid up equity share capital of the company.

Commodity Market important Updates for 23 March 2017

Jeera trading range for the day is 16695-17545. Jeera prices ended with gains on reports of lower production estimates in the producing belts of Gujarat. The carryover stock has dipped to about 2 lakh bags (each of 55 kg) as against the normal 20-25 lakh bags. NCDEX accredited warehouses jeera stocks gained by 30 tonnes to 339 tonnes. In Unjha, a key spot market in Gujarat, jeera edged up by 89.85 Rupees to end at 17504.15 Rupees per 100 kg.

Turmeric trading range for the day is 6132-6440.Turmeric prices dropped due to increasing in the face of weak domestic and weak export buying. Tight money market and reports of increased production the back of favorable weather may pressurize prices. NCDEX accredited warehouses turmeric stocks gained by 159 tonnes to 1209 tonnes. In Nizamabad, a major spot market in AP, the price ended at 6212.5 Rupees dropped -0.85 Rupees.

Soyabean trading range for the day is 2870-2962.Soyabean prices ended with gains on account of lower supplies at the spot market. Soybean exports during Oct-Feb were estimated at 112,000 tonnes, compared with 80,186 tonnes in the year-ago period, as per SOPA data. NCDEX accredited warehouses soyabean stocks dropped by 2694 tonnes to 199277 tonnes. At the Indore spot market in top producer MP, soybean gained 2 Rupees to 3034 Rupees per 100 kgs.

Menthaoil trading range for the day is 948.3-999.5.Mentha oil spot at Sambhal closed at 1119.20 per 1kg. Spot prices was down by Rs.-16.00-.Mentha oil dropped on fresh selling after the speculation that sowing activity had been increased in key production area. Mentha oil prices also dropped on account of muted demand from major consuming industries in the domestic spot market. At Barabanki market estimated market supply was at 60 Drums (1-drum-180kg), higher by 10 Drums (1-drum-180kg) from previous days.

Aluminium trading range for the day is 123.6-127.Aluminium prices recovered from lows as support seen after substantial increases in cancelled warrants. Prices also seen supported amid renewed calls for an appropriate response to overproduction in Chinas aluminum sector. Total cancelled warrants are now their highest since July last year at 895,255 tonnes, of which almost 225,000 tonnes were booked this week.

Nickel trading range for the day is 643.8-669.4.Nickel dropped tracking LME prices falling 1.4 percent to end at $10,020, pulled down by losses in Chinese steel futures. The INSG estimates that global nickel market was in a small deficit of 1,130 tonnes in January 2017 after recording a deficit of 41,520 tonnes in the whole of 2016.The INSG expects a deficit of 66,000 tonnes this year amid growing demand from the stainless steel sector.

Zinc trading range for the day is 181.4-189.6.Zinc prices recovered from the day’s low to settled up by 1.50% after Votorantim says it has halted zinc smelting in Peru amid floods Peru is bracing for another month of flooding after a sudden warming of Pacific waters off Perus coast unleashed deadly downpours in recent weeks. Zinc, up 12% year to date, is being buoyed by record refined output in China and tight supply after a number of mine closures.

Copper trading range for the day is 373.7-387.1.Copper edged higher reversing losses that led prices to trade at a one-week low, as stocks recovered slightly and investors closed out short positions. Prices earlier in the day dropped on concerns that U.S. President Trump had yet to implement mooted tax cuts and infrastructure spending. Copper stocks in Chinas Shenzhen are seen as ample, while China smelters are still not rushing to buy spot copper concentrate shipments.

Silver trading range for the day is 40930-41500.Silver pared gains to settle flat amid doubts over President Trump’s economic policies while weaker than expected economic data supported upside momentum. The National Association of Realtors said existing home sales declined 3.7% to a seasonally adjusted annual rate of 5.48 million units last month. A lack of concrete policy from the Trump administration is increasing bullions attraction as a safe-haven investment.

Gold trading range for the day is 28746-28998.Gold gained as the dollar fell to near six-week lows and bond yields sank on uncertainty over the economic policies of U.S. President Donald Trump. The lack of a concrete policy from the Trump administration is worrying investors and more people will opt for gold as a safe-haven investment. Holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.5 percent to 834.40 tonnes after three sessions of outflows.

Natural Gas dropped below 200 level pulling back on profit

Natural gas trading range for the day is 195.1-203.5. Natural Gas dropped below 200 level pulling back on profit booking as traders continued to monitor shift in weather forecasts. Warm to mild conditions will dominate most of the U.S. this weekend, even as a spring-like weather system with heavy showers. Trader looked ahead to weekly storage data which is expected to show a draw of 147bcf in the week ended March 17.

Stock Market Headlines for 23 March 2017

Market Live: Sensex off early high, Midcap outperforms; L&T gains, ITC drags
Earnings to be next trigger for market; steer clear of Bharat Fin: Dimensions Chief
Wall Street could well correct by up to 10% in near term: Geoff Lewis
Traders need to be cautious, next support for Nifty at 50-DMA; 4 stocks to buy
Buy, Sell, Hold: Which stocks are analysts tracking today?
COMMENT: D-Mart priciest retail stock globally. How it may stay that way for a while
How the US regulator’s import ban has pushed Divis off its pedestal
Rupee unlikely to breach 70/$ in 2017; bet on GST related sectors: Lalit Nambiar
Hindustan Zinc announces special dividend of Rs 13,985 crore
Proportion of cash transactions coming down significantly: Titan
Bull’s Eye: Buy Britannia, MCX, Jubilant Life; sell Petronet LNG
New additions: These 15 stocks will be available for trading on F&O segment from March 31
Stocks in the news: Axis, IOB, Rel Defence, InterGlobe, Sadbhav Infra, Idea, PVR
Excl: PAN may be phased out in future as govt makes Aadhaar necessary for tax filing
The changing face of Health Insurance in India
See huge future in nutrition growth, says Advanced Enzyme
SEBI halts approvals for sectoral ETFs; mulls cap on single stock weightage
Cars guided by voice control, electrics on Tata Motors’ radar

Top Stocks to be Focused for 23 March 2017

Delta Corp: The company plans to raise up to Rs 750 crore through issue of equity shares or other securities via qualified institutional placement (QIP)

Divi’s Laboratories: The pharma major on Wednesday said the US health regulator issued import alert for products made at one of its units at Visakhapatnam citing violation of manufacturing norms and refusal of inspection.

DLF: Realty major DLF said it has completed the restructuring of its joint ventures with global investment firm Blackstone-managed Ridgewood Holdings, which had invested Rs 1,481 crore in seven housing projects in 2007.

Reliance Power: A promoter firm of Reliance PowerBSE 1.27 % has sold shares worth over Rs 858 crore to a group entity. Reliance Infradevelopment offloaded a total of 18 crore shares over three days starting from March 20. The shares were sold in three tranches to Reliance Wind Turbine Installators Industries at different prices.

Hindustan Zinc: Adding a third tranche to its dividend bounty for 2016-17, Hindustan Zinc on Wednesday declared a special interim dividend of Rs 13,985 crore. Together with the Golden Jubilee dividend paid in April 2016 and an interim dividend in October 2016, the dividends paid in FY17 amount to Rs 27,157 crore, the highest by a listed Indian firm in a financial year, HZL said.

Bharti Infratel: Mobile tower company Bharti Infratel on Wednesday declared an interim dividend of Rs 12 per equity share. This is the highest dividend paid by the company so far. In 2015-16, it had paid a dividend of Rs 3 per share.

Axis Bank: Private sector lender Axis BankBSE 0.63 % on Wednesday dismissed rumours about the resignation of its CEO Shikha Sharma.

IDFC Bank: IDFC Bank plans to build a network of more than one lakh points-of-presence in the next two years to enable people in the farthest corners of the country to transact digitally, a move that comes amid the government’s digitisation drive.

Apollo Hospitals: Global brokerage house UBS maintained ‘Buy’ on Apollo HospitalsBSE 0.71 % with a target price of Rs 1,610. UBS believes market may be overreacting to stent price controls imposed. Angioplasty (with stenting) contributes around 12 per cent of Apollo’s revenues.

Bank of Baroda: State owned Bank of BarodaBSE -0.22 % said it has raised Rs 1,000 crore by issuing Basel III compliant additional tier I bonds. The bonds will bear coupon rate of 9.14 per cent. The bank issued 10,000 bonds of face value of Rs 10 lakh each.

Zinc dropped as pressure seen after the Chinas economic growth

Zinc trading range for the day is 180.9-189.3. Zinc dropped as pressure seen after the Chinas economic growth is likely to slow to 6.5 percent this year. Prices can see support as Miner Volcan said it had declared force majeure on its mineral deliveries after heavy flood. Perus Zinc production output increased by 11.3 percent in January from the same month a year earlier official data showed.

Turmeric prices dropped on late profit booking after prices gained

Turmeric trading range for the day is 6194-6562. Turmeric prices dropped on late profit booking after prices gained earlier on hopes of rising upcountry demand. The turmeric arrivals in the country are higher at 115,205 tons during Mar 1- 20 compared to 30,945 tons during previous month. NCDEX accredited warehouses turmeric stocks gained by 374 tonnes to 1050 tonnes. In Nizamabad, a major spot market in AP, the price ended at 6213.35 Rupees dropped -167.9 Rupees.

Stock Market Headlines for 22 March 2017

Market Live: Nifty slips below 9050, Midcap sinks too; ICICI drags, Axis outperforms
Maybe it’s time for hostile takeovers; govt must back honest risks: Uday Kotak
FII View: India looks good on relative basis; reforms process need to pick up
Safe but not multi-baggers! Top 15 stocks with high dividend yield
Trade with caution as Nifty heads towards 9K; 5 stocks to bet on: GEPL Capital
Bull’s Eye: Buy Britannia, Sintex, Bharti Infratel, Apollo Tyre, UPL
A message for Indian pharma: Do what you say, say what you do
Stocks in news: SBI, TVS Motor, Bharti Infra, Wockhardt, Subex, Puravankara
Grocer in the green: RK Damani’s networth rises $3.9 billion in a day
Shankara Building raises Rs 104 cr from anchor investors
Aadhaar may soon be a must for filing income tax returns, applying for PAN
HDFC plans to raise $750 mn via rupee denominated bonds
IPO: Shankara Building Products will ride the D’Mart wave
COAI to urge Telecom Minister to relax Q4 license fee payout
India Inc borrows $2.23 bn from foreign sources in Feb
New from Apple: Brighter iPad, red iPhone 7, more storage for SE

Top Stocks to be Focused for 22 March 2017

Larsen & Toubro: Larsen & Toubro’s electrical and automation business is recovering from the impact of demonetisation but the lack of orders from industrial clients continues to weigh on it, SC Bhargava, senior vice president and head of the business, told ET.

Purvankara: The company on Tuesday announced that the board of directors at meeting held on Tuesday have passed an enabling resolution for exit from the investment of Rs 403 crore at Raidurg, Panamaktha Village which would involve the sale of its entire shares in three wholly owned subsidiaries of Puravankara. The transaction has been authorised on a condition that total inflow should not be less than a sum of Rs 475 crore.

United Bank ofBSE -1.81 % India: State-owned United Bank of IndiaBSE -1.81 % has set Rs 24.44 as the floor price for its Rs 1,500 crore QIP programme.

Adani Enterprises: Adani EnterprisesBSE -1.59 % on Tuesday said it has acquired Adani Infrastructure Pvt Ltd (AIPL), which is yet to commence business operations.

State Bank of India (SBI): Private equity firm Carlyle has emerged as the frontrunner to partner SBI in its credit cards business and replace long-term partner GE CapitalBSE 0.18 %, said multiple sources aware of the matter.

IDBI BankBSE -0.97 %, Bank of MaharashtraBSE 1.36 %, Dena Bank: State-owned IDBI Bank, Bank of Maharashtra and Dena BankBSE -0.26 % will receive a capital infusion from the government in lieu of preferential allotment of shares.

NALCO: Navaratna PSU National Aluminium CompanyBSE -1.83 % Limited (NALCO) declared an interim dividend of 56 per cent amounting to Rs 541.22 crore for 2016-17, the highest ever by the company since inception.

NilaBSE 4.62 % Infrastructures: The company on Tuesday said it has signed two pacts with Gujarat State Road Transport CorporationBSE -2.32 % (GSRTC) for development of bus terminals at Amreli and Modasa in the state.

Wockhardt: Drug firm WockhardtBSE 1.15 % has received approval from the US health regulator to market generic version of Wyeth’s Zosyn, used for treating bacterial infections, in the American market.

ABC Bearings: The company on Tuesday informed bourses that it has sold its entire 2.5 per cent equity stake in NSK-ABC Bearnngs Private Ltd to NSK India Sales Company.

Natural Gas regained 197 level on MCX on fresh buying

Naturalgas trading range for the day is 186.8-204.2. Natural Gas regained 197 level on MCX on fresh buying seen on the back of bearish weather revisions for the next 15 days Cool temperatures will sweep across the Great Lakes and eastern U.S. toward the middle of the week Based on data from the NOAA, this year’s extremely warm winter has pushed heating demand for natural gas to nearly 20% below average.

Gold remained in range amid expectations of a slower pace of U.S

Gold trading range for the day is 28422-28640. Gold remained in range amid expectations of a slower pace of U.S. interest rates hikes than some investors had anticipated continued to weigh on the dollar. The Fed will likely wait at least until a June policy meeting to decide whether to lift U.S. interest rates again. Holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, fell 0.46 percent to 830.25 tonnes on Monday from 834.10 tonnes on Friday.

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