Global Gold Demand Dips By 7% To 973 Ton In Q1

The global gold demand fell by 7 per cent to 973 tonne during the January-March period this year as compared to the same period last year mainly due to a decline in investment demand, according to the World Gold Council (WGC). The overall gold demand stood at 1,047 tonne in Q1 2017, WGC said in its ‘Gold Demand Trends’ report for Q1 2018. The fall in demand was largely caused by a decline in investment demand for gold bars and gold-backed exchange traded funds (ETFs) following a subdued gold price environment, it said. The total investment demand in the first quarter was down 27 per cent at 287 tonne, compared to 394 tonne in the corresponding quarter of 2017. China, Germany and the US drove weakness in bar and coin investment causing a 15 per cent drop in the global demand to 254.9 tonne. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774

Oil Prices Rise & Iran Sanction Worries, Despite Surging US Supplies

Oil prices rose on Wednesday, lifted by concerns that the United States may re-impose sanctions on major exporter  Iran, although soaring U.S. supplies capped gains. Brent crude oil futures were at $73.25 per barrel, up 12 cents, or 0.2 percent, from their last close.U.S. West Texas Intermediate (WTI) crude futures were up 20 cents, or 0.3 percent, at $67.45 per barrel.
Iran re-emerged as a major oil exporter in January 2016 when international sanctions against Tehran were lifted in return for curbs on Iran’s nuclear programme.Iran’s oil exports hit 2.6 million barrels per day (bpd) in April, the Oil Ministry’s news agency SHANA reported on Tuesday, a record since the lifting of sanctions, with China and India buying more than half of Iran’s oil. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774

Pace Research Morning Bell : Sensex Breaks 34K, Down 200 pts; Nifty Opens Below 10,450

Equity benchmarks opened lower, with the Sensex falling below 34,000 levels following negative lead from SGX Nifty futures and global stocks.
The 30-share BSE Sensex was down 229.59 points at 33,963.06 and the 50-share NSE Nifty fell 66.20 points to 10,414.40. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774

Pace Research Closing Bell : Sensex Ends Higher, Nifty Near 10,500

Shares have ended the day and week on a positive note, with the Nifty closing near 10,500-mark. The Sensex is up 91.52 points or 0.27% at 34192.65, and the Nifty up 21.90 points or 0.21% at 10480.60. The market breadth is negative as 1265 shares advanced, against a decline of 1435 shares, while 156 shares are unchanged.
Adani Ports, Wipro, and Tech Mahindra were the top gainers, while SBI, Axis Bank, BPCL and Bajaj Finserv lost the most. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774

Sensex Breaks 34,300, Nifty Retakes 10,500 As RIL, Bankers Rally

Indian shares rose for a seventh straight session on Friday, in what could be their longest winning streak since November 2017, on the back of gains in index heavyweights such as Reliance Industries Ltd and ICICI Bank Ltd. Sentiment was also upbeat after retail inflation eased to a five-month low in March, but remained above the central bank’s medium-term target, supporting views that monetary policy is likely to remain unchanged at the next review in early June. “Ever since RBI (Reserve Bank of India) cuts its inflation trajectory, the equities have done well. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774

Nifty Reclaims 10,500, Midcaps Extend Gains; Infosys, ICICI Bank Up 1%

The markets remained strong ahead of Infosys earnings, continuing uptrend for the seventh consecutive session. The Sensex is up more than 150 points and the Nifty is trading above 10,500 levels. The Nifty Midcap index extended gains, rising 0.8 percent while all sectoral indices are in the green barring FMCG. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774

Global Stocks Bounce As Trump Changes Tack On Syria, Earnings Hopes

Global stocks recovered to three-week highs on Friday as anticipated strong earnings season took centre stage after U.S. President Donald Trump backtracked on his suggestion of an imminent missile attack on Syria.
MSCI’s broadest index of Asia-Pacific shares outside Japan ticked up 0.1 percent while Japan’s Nikkei gained 0.8 percent. MSCI’s broadest gauge of the world’s stock markets also edged up 0.1 percent after hitting a three-week high on Thursday. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774

Pace Research Morning Bell : Sensex Opens Up 100 Pts, Nifty Inches Towards 10,500

Benchmark indices extended previous day's gains, following positive lead from Wall Street and macro data, as investors await Infosys Q4 earnings due later in the day.
The 30-share BSE Sensex rose 107.15 points to 34,208.28 and the 50-share NSE Nifty gained 27.70 points at 10,486.40.For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774

Nifty Rises For 6th Straight Day, Sensex Up 161 Pts Ahead Of Macro Data

Benchmark indices ended higher for the sixth consecutive session, with the Sensex rising 160.69 points to 34,101.13 and the Nifty gaining 41.50 points at 10,458.70 ahead of macro data due later in the day and Infosys earnings tomorrow.
Metals, PSU banks, realty and pharma stocks were under pressure while IT stocks outperformed throughout the session.
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Nifty At Day's High, Sensex Up 200 pts; IT Index Up 3%, PSU Bank Dips 1%

The market is trading at day's high, with the Sensex rising 200 points ahead of macro data due later in the week and Infosys Q4 earnings tomorrow. The Nifty is trading firmly above the 10,450 levels. Technical analyst feels if the Nifty closes above 10,440, then further upside may take Nifty above 10,500 levels. IT stocks led the rally as the Nifty IT index is up over 3 percent. Infosys, TCS and HCL Technologies are top gainers among Nifty50 stocks, rising 4 percent each. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774

Rupee Falls 14 Paise, Drops To New 5-Month Low Against US Dollar As Crude Oil Breaks $72 Level

The Indian rupee extended losses for the second straight session on Thursday falling as much as 14 paise to a fresh 5-month low against the US dollar as Brent crude broke $72 per barrel mark in the early dealings today. The rupee opened flat at 65.29 per US dollar on Thursday after slipping to a five-month low on Wednesday. Within minutes, the domestic currency dropped about 14 paise to 65.45 apiece US dollar at the interbank foreign exchange market in the morning trades on Thursday. Earlier yesterday, the rupee slid about 32 paise or 0.49% to a five-month low 65.31 vs US dollar. The Reserve Bank of India has fixed a reference rate of 65.1272 against US dollar on Wednesday. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774

Global Stocks On Edge, Oil Soars On Escalating Middle East Tensions

Asian stocks came under pressure on Thursday as the threat of imminent U.S. military action in Syria rattled investors and sent oil prices to their highest levels since late 2014 on concerns about supply. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.05 percent in early trade while Japan’s Nikkei dropped 0.4 percent. On Wednesday, the S&P 500 lost 0.55 percent and the Nasdaq Composite dropped 0.36 percent while energy shares gained more than 1 percent on rising oil prices.
Trump declared that missiles “will be coming” in Syria, taunting Russia for supporting Syrian President Bashar al-Assad after a suspected chemical attack on rebels. Damascus and Moscow have denied any responsibility. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774

Pace Research Morning Bell : Sensex, Nifty Flat In Opening; Oil Retailers, Banks Decline

Benchmark indices opened flat amid weak global cues and spike in crude oil prices, as investors await corporate earnings and macro data.
The 30-share BSE Sensex was up 47.56 points at 33,988 while the 50-share NSE Nifty fell 17.40 points to 10,399.80. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774

Pace Research Closing Bell : Nifty Manages To Hold 10,400, Sensex Ends Higher For 5th Day

Benchmark indices closed higher for fifth consecutive session on Wednesday. The 30-share BSE Sensex was up 60.19 points at 33,940.44 and the 50-share NSE Nifty rose 14.90 points to 10,417.20. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774

Nifty Hovers Around 10,400; PSU Bank Dips 2%, RIL Extends Gains

The market continued to consolidate after four-day rally, as investors await corporate earnings which will start later in the week and macro data due tomorrow.
The market digested higher crude oil prices that hit four-year high. Brent crude oil price is trading above USD 70 a barrel.
The 30-share BSE Sensex is up 52.97 points at 33,933.22 and the 50-share NSE Nifty gained 8.20 points at 10,410.50. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774

Pace Research India Asian Market Update

Asian stocks were narrowly mixed on Wednesday after global markets advanced overnight as recent trade fears waned. In Tokyo, the Nikkei 225 slipped below the flat line to trade lower by 0.12 percent. Financials, oil producers and shippers gained, but declines were seen in consumer goods sectors. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774

Oil Prices Near 2014 Highs Over Warnings Of Western Air Strikes Against Syria

Oil prices edged higher on Wednesday, adding to steep gains in the previous session, as markets eyed an escalation of Middle East tensions after Europe’s air traffic control agency warned of possible air strikes on Syria in the next 72 hours. Brent crude futures rose to $71.09 per barrel at 0104 GMT, up 7 cents from their last close. Brent surged more than 3 percent on Tuesday to hit its highest level since late 2014, at $71.34 a barrel.
Pan-European air traffic control agency Euro control said air-to-ground and cruise missiles could be used within the next 72 hours, warning that there was a possibility of intermittent disruption of radio navigation equipment. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774

Pace Research Morning Bell : Sensex Erases Opening Gains

Benchmark indices erased all opening gains to trade mildly lower amid mixed Asian cues, as higher crude oil prices and bond yields hit investors sentiment. The 30-share BSE Sensex was down 20.68 points at 33,859.57 and the 50-share NSE Nifty fell 9.20 points to 10,393.10. About 617 shares advanced against 563 declining shares on the BSE. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774

Pace Research India : Top Nifty Gainers and Losers

Gainers
Symbol	LTP	% chng	Volume
AXISBANK HINDALCO TATASTEEL ICICIBANK ADANIPORTS	547.50 230.00 603.40 288.70 387.65	5.43 3.91 2.94 2.80 2.73	2,16,89,156 2,75,19,382 1,08,50,710 4,47,41,783 34,93,681

Losers
Symbol	LTP	% chng	Volume
BAJAJFINSV HEROMOTOCO IBULHSGFIN TATAMOTORS BAJFINANCE	5,425.00 3,722.00 1,324.00 353.45 1,922.00	-2.45 -2.02 -1.62 -1.35 -1.14	1,57,907 3,21,682 11,00,878 82,01,215 10,13,811

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Global Trade War Jitters Spook Sensex, Nifty Bank Down Over 450 Pts

Benchmark indices continued to trade sharply lower, with the Sensex falling 422.33 points to 32,583.94 and the Nifty down 130.05 points at 9,984.75. Nifty Bank was down 470 points. About seven shares declined for every share rising on the BSE. For Any More Information Please Visit : www.paceresearchindia.com and Call : 8817774774