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Wednesday, 1 March 2017

Indian Stock Market Updates - Commodity Tips


Equity benchmarks as well as broader markets maintained morning gains, driven by banking & financials, FMCG and pharma stocks after Q3 GDP data surprised street. Tata Motors fell over a percent ahead of February sales data due later today. Maruti Suzuki was up 0.2 percent after sales in the month gone by grew 11 percent while Eicher Motors fell 0.6 percent as Royal Enfield sales missed analysts' expectations, growing 19 percent year-on-year.

Commodity Market Tips

PRECIOUS METALS: Precious metal prices are expected to trade low after Trump reiterated on his plans to offer tax cuts to the middle class and a higher infrastructure and defense spending. 

ENERGY: Crude oil prices are down on yesterday as concerns about rising U.S. crude inventories ahead of data overshadowed OPEC production cuts.

BASE METALS: Base metals prices are trade range bound for today as demand worries from top consumer China along with rising odds of rate hike by US Fed.