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The shares of the firm Marks & Spencer are still under pressure despite the fact that the retailer firm has posted its third quarterly rise in sales in a row.

The sales of the firm raised by 4.4% over last 13 weeks up to 3rd July, which helped the new chief executive of M&S, Marc Bolland to get off to a solid start.

The new chief executive has said that they have continued to raise the market share across all parts of their business.

Mahindra & Mahindra has declared that it will enter the US market by December this year, at the same time it will maintain its original schedule as well. This decision was taken in spite of the fact that they are facing a lawsuit filed by its exclusive American distributor.

The company, however confirmed that the fate of the product’s launch will be decided depending upon the result of the ongoing litigation.

Zinc prices edged up yesterday as speculators built up fresh positions, driven by gains at the LME. Zinc yesterday we have seen that market has moved 0.4%. Market has opened at 86.7 & made a low of 86.1 versus the day high of 87.2. The total volume for the day was at 18404 lots and the open interest was at 5820.Now support for the zinc is seen at 86.2 and below could see a test of 85.6. Resistance is now likely to be seen at 87.3, a move above could see prices testing 87.8.

Trading Ideas:

Zinc trading range is 85.6-87.8.

Zinc prices edged up yesterday tracking firmness in LME prices

Food inflation has come down to 12.63% for the week ended on 26th of June, but simultaneously, the fuel inflation has risen up to 18.02%. The main reason of such hike is the recent increase in the price of the petroleum product in international level.

The price of food items, especially vegetables, came down by 4% and there was a huge decrease in the price of especially potato and onion.

The rate of potato decreased by over 42% during the period under review and onion rates became cheaper by 8.75% on a yearly basis.

Copper fell erasing earlier gains, on renewed concern that slowing economic growth will reduce metal demand. Earlier, the price gained after the IMF increased its forecast for world growth. The global economy will expand 4.6 percent in 2010, the most since 2007 and above an April projection of 4.2 percent, the IMF said. Copper has touched a low of Rs 311.5 a kg after opening at Rs 314.5, and last traded at Rs313.35.For today market is looking for the support at 311.2, a break below could see a test of 309 and where as resistance is now likely to be seen at 315.9, a move above could see prices testing 318.5.

Trading Ideas:

DHL has declared the launch of the new direct ‘Less than Container Load’ (LCL) service, which will be facilitated from Nhava Sheva in India to Los Angeles. DLF is the leading global logistics handler of the country. Moreover, US is the second largest export partner of India. It is the third largest import partner of the nation as well.

DHL’s in-house carrier, Danmar Lines will be operating this new service, which plans to enable and make easy the trade between India and USA. It will also offer dependable and pocket friendly services to its customers.