Posted at 4:43 PM , on December 15, 2015
Could the next year finally belong to the OPEC?
The OPEC meeting last week virtually gave a free hand to the OPEC members to increase their output. Contrary to expectations of an output cut proposal by Saudi Arabia, the OPEC was actually permitted to pump more oil. One argument can be that with just about 33% market share, OPEC has limited influence on oil supply and prices. But more importantly, this also helps the OPEC achieve its long term goal of making oil extraction unviable in most of the developed world. Continue reading
Posted at 7:05 PM , on September 2, 2015
by- Sugandha Sachdeva | AVP & Incharge- Metals, Energy & Currency Research at Religare Securities Limited
Base metals prices broadly have witnessed a steep decline in the recent past with copper, aluminium and nickel having fallen below 6 year lows, while zinc tumbled near to its 4 year lows on the London Mercantile Exchange .The situation looks quite dismal, as the decline is now more than 3 months old already ,with few dead cat bounces over the course of selloff. This significant fall in the prices owes its origin to the slowdown in demand all over. However, a talk about base metals is not complete unless one includes the big daddy China, the giant which accounts for 40% of the base metals demand alone and how can the base metals perform better when it is not in the best of its health lately ?Further the heat is being emitted from the US, which is expected to normalize its interest rates this year; however a lot has been discussed and talked about it already, so let’s just skip it for today.
Posted at 7:34 PM , on September 1, 2015
Open any mutual fund website and you can find a lot of data about how the particular fund or scheme of the AMC has outperformed the market. There could be an analysis of how the particular fund has beaten the market index. There could also be a comparison between a particular fund and the other funds in the category to highlight the superiority of a particular fund. There could be an elegant table or chart which outlines how that particular fund could have created wealth for an investor over a period of time. As a smart investor, it is your job to conduct 6 basic tests before deciding on buying a mutual fund.
Posted at 9:47 PM , on August 21, 2015
by- Himanshu Gupta- Research Analyst , Metals and Energy Research
Bloodbath in crude oil prices over past few weeks has sent prices tread water and has traumatized the oil bulls that looked confident for a sustained recovery post the worst sell off in the energy counter after 2008. A notoriously disguised rally that nurtured in the month of March this year from the levels close to $44/barrel at NYMEX and Rs 2700/bbl at MCX helped the prices to gain around 40 % from the lows. It was just the time when the prices caught themselves in an ennui range and bluffed the traders again with the direction of the breakout. Continue reading
Posted at 7:05 PM , on August 10, 2015
A contrarian take; on why the worst may be over…
Frankly, it is hard to see a bullish report on gold in the global scenario. Let us look at gold prices in dollar terms. Between August 2011 and August 2015, the dollar price of gold has fallen from $1900 / troy oz to below $1100 / troy oz. As if this 45% fall was not enough, most market analysts are predicting that gold will go below the psychological level of $1000 / troy oz. While it is hard to comment on levels, there is a strong possibility that gold may begin the process of bottoming out. Let us bust a few myths about gold. Continue reading