Neal Bhai 📌 Expect Aluminium and Alumina prices to rise on Norsk Hydro shutdown and U.S. sanction on Rusal.
📌 Continue to assess developments, but a positive impact in short term is apparent.
📌 Hindalco, NALCO and Vedanta to benefit.
📌 NALCO is most sensitive to prices; Hindalco is top pick on these events.
Gold Silver Reports – Treasury-bill sale of Rs 15,000 crore by the government today will test investors’ appetite as sovereign bond yields climbed the most in two months. RBI will auction Rs 7,000 crore of 91-day T-bills and Rs 4,000 crore each of 182-day and 364-day notes.
Mahanagar Gas Block Deal
Gold Silver Reports (GSR) – Losses in oil marketing companies, State Bank of India, ICICI Bank. The S&P BSE Sensex was little changed at 33,863 and the …
Jonathan Barratt, CIO, Ayers Aliance 📌 Important to gauge how geo-political issues play out at the moment. 📌 Not possible at the moment to predict where aluminium prices …
Gold Silver Reports (GSR) – China’s Factory Inflation Slows as Consumer Price Gains Ease – The producer price index rose 3.1 percent in March from a year earlier, compared with the projected 3.3 percent rise and 3.7 percent in February. The consumer price index climbed 2.1 percent, the statistics bureau said Wednesday, versus a forecast of 2.6 percent and 2.9 percent in February.
Gold Silver Reports (GSR) – SGX To List New Indian Derivatives In June — These new products will replace SGX’s existing Nifty futures, which face an uncertain future after August following a decision by India’s stock exchanges to stop supporting offshore derivatives linked to their benchmark indices.