NSE India

Oriental Bank: trend reversal likely

Company profile: Oriental Bank of Commerce is a banking company which operates through a network of banks throughout India, as well as through banks overseas. The Banks provide a broad range of financial services, including savings and loans, merchant banking, credit assistance, lead banking and management and foreign exchange.

Amara Raja Batteries: protect or exit-long

Company profile: Amara Raja Batteries Limited specializes in the manufacture of industrial and automotive batteries. The Company manufactures industrial batteries primarily for the telecom and UPS sectors. 

Hero Motocorp: correction in uptrend

Company profile: Hero Motocorp Ltd. designs, manufactures and distributes motorcycles. The Company’s products also include motorcycle parts and accessories.

Spread: CNX FMGC Index

Profile:  CNX FMGC sector index, medium term outlook

NSE Nifty Weekly Outlook

Profile: The S&P CNX Nifty, a free float market capitalization index, is the leading index for large companies on the National Stock Exchange of India. It consists of 50 companies representing 24 sectors of the economy. The base level is defined as 1000 on November 3, 1995. In January 2005, its level was almost 2000.

Reliance Power: major pivots reached

Company profile: Reliance Power Limited develops, constructs, and operates power projects both domestically and internationally. 

Union Bank: poor dynamics

Company profile: Union Bank of India provides a full range of banking services throughout India. The Company’s activities include retail banking, commercial and personal banking, investment management, treasury and NRI services, cash management and assorted ATM facilities. Union Bank has an online telebanking facility for all its core banking customers. 

Indices, Commodities, Forex

Gold (INR/ounce)

Profile: Gold spot in INR

What a difference a currency makes…

Below you find three examples of the major impact currencies have on market performance. Looking for opportunities abroad (if possible) certainly can be rewarding. The latest example with the EUR-CHF decoupling is a prime example: Swiss stocks like Nestle declines over 20% in an day, but Eurozone investors gained +10% due to the decline of EUR/CHF.

INR-crosses update

Profile: EUR/INR – USD/INR – GBP/INR, medium term outlook.

DAX Index (DE): considerable risk

Profile: German Xerta DAX Index, medium term outlook.

Shanghai Composite Index (CN)

Description: Shanghai Composite Index (SSE Composite).

BBRG Cotton sub-index

Profile: Bloomberg Cotton sub-index, medium term outlook.

MSM30 Index (Oman)

Company profile: The Muscat Securities Market Index, MSM30, is a capitalization-weighted index of the 30 most highly capitalized, liquid and profitable companies listed on the Muscat Securities Market. The index was developed with a base level of 1000 as on June 1990. 

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