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Showing posts with label Commodity Advisory Firm EPIC RESEARCH. Show all posts
Showing posts with label Commodity Advisory Firm EPIC RESEARCH. Show all posts

Monday, February 29, 2016

Highlights of Union Budget 2016


11:35 Propose to launch new health care scheme with 1 lk as cover per
family: FM
11:33 Need to adopt prudent fiscal strategy: FM 
11:33 Must rely on domestic demand since foreign mkts are weak: FM
11:32 Allocate ‘2,000 cr for initial cost of LPG connection to women members: FM
11:32 Mission to provide LPG gas connection to women household members: FM
11:31 Embark on a mission to give LPG connection to women in poor households: FM
11:30 Looking at reforming dispute redressal mechanism in PPP projects: FM
11:30 Propose 87,765cr for rural dvpt in FY17: FM
11:30 28.5 lk hectares to be brought under PM’s Krishi Sinchai Yojana: FM
11:29 89 irrigation projects will be fast tracked: FM
11:28 368 cr provided for National soil health and fertility program: FM
11:28 Allocate 9,000cr towards Swachh Bharat Mission: FM
11:28 Govt committed to achieve 100% village electrification by May 1, 2018: FM 
11:27 Krishi Vikas Yojana will bring 5lk acres under organic farming: FM
11:27 12 states have already amended their APMC acts: FM
11:26 38,500 Cr allocation to MNREGA: FM
11:25 Urgent need to focus on areas rural distress: FM
11:24 Propose ‘2.87 lakh cr as grants to rural local bodies in FY17: FM
11:24 ‘2.87 lac cr to be given as grants to aid gram panchayats: FM
11:24 Propose ‘2.87 lakh cr as grants to rural local bodies in FY17: FM
11:24 ‘2.87 lac cr to be given as grants to aid gram panchayats: FM
11:23 Propose ‘5,500 cr for crop insurance scheme for FY17: FM 
11:23 4 new schemes to enhance dairy farming in india at ‘850 cr: FM
11:23 To implement online procurement system under Food Corp of India: FM
11:22 Target of agri credit at all-time high of ‘9 lakh cr: FM
11:22 ‘15,000 cr to be allocated for interest subvention for agri loans: FM
11:20 Sadak Yojana allocation at ‘19,000 Cr for FY17: FM
11:19 Unified agri mkt scheme to enhance farmer access to markets: FM
11:19 To set up e-platform to enhance farmer access to markets: FM
11:18 Propose to spend ‘86,500 Cr on irrigation projs in 5 years: FM
11:17 Allocation for AIBP at ‘17,000 Cr for FY17: FM
11:17 Create new infra for irrigation, value addn to farm-mkt connectivity: FM
11:17 Have to give farmers income security, aim to double farmer income: FM

Friday, February 26, 2016

Gold may rally to $1,400 if risk aversion intensifies

Gold

Gold may rally to as high as $1,400 an ounce should risk aversion intensify, according to the top-ranked precious metals forecaster, who dubbed bullion a “superhero” when raising his outlook for 2016.
The metal may remain above $1,200 this quarter and possibly into next as investors seek a haven, Oversea-Chinese Banking Corp economist Barnabas Gan said. Singapore-based Gan, who previously saw prices dropping to $950 at the end of the year, revised his outlook in a February 19 report, and now sees a range of $1,000 to $1,150 by the end of 2016.
The precious metal is the best performer among commodities this year as concern about a slowing global growth and slumping oil prices spurred financial-market turmoil and increased speculation that the Federal Reserve will hold off on raising US borrowing costs. As investors piled into bullion-backed funds and producers’ shares jumped, forecasters including Gan have been prompted to rework their outlook for 2016.
For more information ✆ – 0731-6642300 or Visit http://www.epicresearch.co

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Epic Research Update : US Markets

Epic Research Update : US Markets

Wall Street posted solid gains on Thursday as higher oil prices reduced fears that banks could be hit by debt defaults and investors saw opportunities after weeks of volatility.
The Dow Jones industrial average jumped 1.29 percent to end at 16,697.29 points and the S&P 500 rallied 1.13 percent to 1,951.7, its highest close since early January. The Nasdaq Composite added 0.87 percent to 4,582.21.
For more information ✆ – 0731-6642300 or Visit http://www.epicresearch.co

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Thursday, February 25, 2016

Epic Research Update : Indian ADRs

Epic Research Update :  Indian ADRs

Indian ADRs ended mixed on Wednesday.
In the IT space,
Infosys was up 0.19 percent at USD 16.84 and Wipro was down 0.11 percent at USD 11.29.
In the banking space,
ICICI Bank was up 0.02 percent at USD 5.46 and HDFC Bank was down 0.44 percent at USD 52.34.
In the other sectors,
Tata Motors gained 0.03 percent at USD 23.07 and Dr Reddy’s Laboratories shed 0.76 percent at USD 43.77.
For more information ✆ – 0731-6642300 or Visit http://www.epicresearch.co

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Wednesday, February 24, 2016

Epic Research Update : Indian ADRs

Epic Research Update :  Indian ADRs

Indian ADRs ended lower on Tuesday.
In the IT space,
Infosys was down 0.24 percent at USD 16.65 and Wipro shed 0.15 percent at USD 11.40.
In the banking space,
ICICI Bank fell 0.28 percent at USD 5.44 and HDFC Bank declined 2.53 percent at USD 52.78.
In the other sectors,
Tata Motors slipped 0.92 percent at USD 23.04 and Dr Reddy’s Laboratories fell 0.80 percent at USD 44.53.
For more information ✆ – 0731-6642300 or Visit http://www.epicresearch.co
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