Avoid PSU banks as asset quality woes may continue to persist

Pankaj Pandey: If you look at the numbers from a banking perspective, what we have seen is that the asset quality concerns are still persisting and also some of the troubled sectors are still struggling. It does not look like there will be some respite for these sectors in the short term.

That is why we would want to still largely avoid the PSU pack. But selectively, one can look at some of the tier I names from a two- to three-year perspective.

GST bill if implemented can be a game changer; logistics companies to benefit more

The Indian Cabinet of ministers has approved amendments to the Goods and Service Tax (GST) bill, which was suggested by the select panel of Rajya Sabha. As per the new norms, the states for the possible loss of revenues, such as West Bengal and Odisha, would get a full five-year compensation.

The change has been brought because beyond 20 per cent GST is likely to fuel inflation and erode the confidence of consumers in a new indirect tax regime, which is proposed to be rolled out on Apri .. 

The implementation of GST proposes to replace most central and state levies with one single tax and is projected to add as much as 2 per cent to the country's gross domestic product (GDP).

The bill was already passed by the Lok Sabha and is now pending passage in the Rajya Sabha. Actually, the logjam in the Parliament due an acrimonious face-off between the government and the Opposition has threatened to wash out this monsoon session of the Parliament.

Steady Sentiment Witnessed in New Delhi Red Chilli Physical Market

At New Delhi market , Red Chilli Teja(Khamam) is trading at Rs. 11200-11300 per quintal, steady as against previous close. Red Chilli Pala 12 at New Delhi market is quoted at Rs. 9900 per quintal, steady as against previous close. Red Chilli 334 at New Delhi market is offered at Rs. 10200 per quintal, steady as against previous close. Red Chilli Fatki at New Delhi market is trading at Rs. 8200 per quintal, steady against previous close. Red Chilli Packing at New Delhi market is quoted at Rs. 10200 per quintal, steady as against previous close. Red Chilli in New Delhi Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute New Delhi Red Chilli Teja(Khamam) 11200-11300 0 New Delhi Red Chilli Pala 12 9900 0 New Delhi Red Chilli 334 10200 0 New Delhi Red Chilli Fatki 8200 0 New Delhi Red Chilli Packing 10200 0 nnbsp;

Mustard in Physical Market Trading Unchanged in Hapur

At Hapur market , Mustard Seed is trading at Rs. 4500-4525 per 10kg, unchanged as compared to previous close. Mustard in Hapur Market (Prices in Rs. per 10kg) Market Commodity/Variety Price Change Absolute Hapur Mustard Seed 4500-4525 0 nnbsp; Note: The above mentioned prices are in Rs. per 10kg and arrivals are in .

New Delhi Pulses Opened Steady in Physical Market

At New Delhi market , Chana Rajasthan started at Rs. 4650-4700 per quintal, steady as against previous close. Traders reported arrivals at 30 Motars, steady as against previous dayn#39;s arrival. Chana Madhya Pradesh started strong at Rs. 4650-4675 per quintal, higher by 0.54 per cent as against previous day. Total arrivals are at 30 Motars, unchanged as compared to previous dayn#39;s arrival. Chana Dal at New Delhi market began weak at Rs. 5275-5400 per quintal, lower by 0.92 per cent from previous dayn#39;s price level. nnbsp; Pulses in New Delhi Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute New Delhi Chana Rajasthan 4650-4700 0 New Delhi Chana Madhya Pradesh 4650-4675 +25 New Delhi Chana Dal 5275-5400 -50 nnbsp;

At Jagraon market in Ludhiana, Moong Desi is trading at 4000-5500 per quintal, unchanged as compared to previous close. Estimated market supply was at 3000 quintals, steady as against previous dayn#39;s arrival. nnbsp; Pulses in Ludhiana Market (Prices in per quintal) Market Commodity/Variety Price Change Absolute Jagraon Moong Desi 4000-5500 0 Note: The above mentioned prices are in per quintal and arrivals are in quintals.

At Jagraon market in Ludhiana, Moong Desi is trading at 4000-5500 per quintal, unchanged as compared to previous close. Estimated market supply was at 3000 quintals, steady as against previous dayn#39;s arrival. nnbsp; Pulses in Ludhiana Market (Prices in per quintal) Market Commodity/Variety Price Change Absolute Jagraon Moong Desi 4000-5500 0 Note: The above mentioned prices are in per quintal and arrivals are in quintals.

Gujarat: Wheat Trading Weak in Physical Market

At Rajkot market in Gujarat, Wheat Loose is trading lower at Rs. 1425 per quintal, lower by 0.7 per cent from previous trading day. Estimated market supply was at 1200 quintal, up by 300 quintal as compared to previous day. Wheat Mill Delivery is offered at Rs. 1535 per quintal, unchanged against previous close. Wheat Lokwan at Rajkot market is quoted lower at Rs. 1500-1750 per quintal, down by 2.78 per cent as compared to previous day. Wheat Farmi Tukdi at Rajkot market is offered at Rs. 1500-2000 per quintal, unchanged as compared to previous close. Wheat Mill Delivery at Ahmedabad market is trading strong at Rs. 1600 per quintal, higher by 0.63 per cent from previous trading day. Wheat Mill Delivery at Surat market is quoted lower at Rs. 1630 per quintal, down by 0.31 per cent as against previous day. Wheat in Gujarat Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Rajkot Wheat Loose 1425 -10 Rajkot Wheat Mill Delivery 1535 0 Rajkot Wheat Lokwan 1500-1750 -50 Rajkot Wheat Farmi Tukdi 1500-2000 0 Ahmedabad Wheat Mill Delivery 1600 +10 Surat Wheat Mill Delivery 1630 -5 nnbsp;

Mentha Oil Physical Market Strong in Chandausi

At Chandausi market , Mentha Oil is trading firm at Rs. 980 per Kg, higher by 0.51 per cent as compared to previous day. Mentha DMO is offered strong at Rs. 880 per Kg, higher by 2.33 per cent from previous price level. Mentha Flakes at Chandausi market is quoted firm at Rs. 1075 per Kg, higher by 2.87 per cent from previous dayn#39;s price level. Mentha Crystal at Chandausi market is offered strong at Rs. 1115 per Kg, higher by 3.72 per cent against previous day. nnbsp; Mentha Oil in Chandausi Market (Prices in Rs. per Kg) Market Commodity/Variety Price Change Absolute Chandausi Mentha Oil 980 +5 Chandausi Mentha DMO 880 +20 Chandausi Mentha Flakes 1075 +30 Chandausi Mentha Crystal 1115 +40 nnbsp;

Mehsana : Jeera(Cumin Seed) Trading Steady in Physical Market

At Unjha market in Mehsana , Jeera(Cumin Seed) Loose is trading at Rs. 15000 per quintal, unchanged as compared to previous close. Total arrivals are at 500 quintals, higher by 500 quintals from previous dayn#39;s arrivals. Jeera(Cumin Seed) NCDEX is offered at Rs. 15500 per quintal, steady against previous close. Jeera(Cumin Seed) Machine Cut at Unjha market is quoted at Rs. 17000 per quintal, steady as against previous close. Jeera(Cumin Seed) in Mehsana Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Unjha Jeera(Cumin Seed) Loose 15000 0 Unjha Jeera(Cumin Seed) NCDEX 15500 0 Unjha Jeera(Cumin Seed) Machine Cut 17000 0 nnbsp;

Weak Sentiment Witnessed in Bikaner Pulses Physical Market

At Bikaner market , Chana Desi opened lower at Rs. 4450 per quintal, down by 1.11 per cent as compared to previous day. Chana Dal started the day at Rs. 5250 per quintal, steady against previous close. Urad Split Dal at Bikaner market opened weak at Rs. 9100 per quintal, down by 1.09 per cent from previous dayn#39;s price level. Moong Split Dal at Bikaner market began at Rs. 8100 per quintal, unchanged as compared to previous close. nnbsp; Pulses in Bikaner Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Bikaner Chana Desi 4450 -50 Bikaner Chana Dal 5250 0 Bikaner Urad Split Dal 9100 -100 Bikaner Moong Split Dal 8100 0 nnbsp;

Steady Sentiment Witnessed in Khargone Red Chilli Physical Market

At Bedia market in Khargone, Red Chilli No. 12 is trading at Rs. 11800 per quintal, steady as against previous close. Red Chilli Indu 2070 is offered at Rs. 12000 per quintal, unchanged against previous close. Red Chilli MICO (Teja) at Bedia market is quoted at Rs. 12300 per quintal, unchanged as compared to previous close. Red Chilli in Khargone Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Bedia Red Chilli No. 12 11800 0 Bedia Red Chilli Indu 2070 12000 0 Bedia Red Chilli MICO (Teja) 12300 0 nnbsp;

SUGAR WEEKLY: May trade flat on weak demand, strong global cues

Sugar futures on the National Commodity and Derivatives Exchange are likely to trade flat next week after subdued demand for the sweetener from bulk consumers and as investors may cover short positions at lower levels, analysts said.

  "Subdued demand for the sweetener in domestic market will pressurise the prices of sugar," said Ravi Shankar Pandey, research analyst with Karvy Comtrade.

  Domestic demand for the sweetener has fallen as monsoon, which usually brings cold weather, has started in many areas, traders said.

  Also, total sugar supply is expected to touch 38.4 million tons in 2015-16 after accounting for 10.4 million tons of carry-over stock, from the current season, according to estimates released by Indian Sugar Mills Association (ISMA).

  Meanwhile, consumption on the other hand is seen at 25.2 million tons, leaving a huge surplus of 13.2 million tons in the new season.

  However, sharp fall in sugar prices may cushioned on strong international factors, analysts said.

  "Brazil sugar output is weak which is pushing global prices," Ajay Kumar Kedia, research analyst with Kedia Commodities.

  Sugar mills in Brazil's center-south region crushed much less cane in the first half of July compared with a year earlier because of heavy rains over cane-growing areas, according to sugar-industry group Unica.

  Mills in the region crushed 29.3 million tons of cane in the first half of this month, a decline of 29% from the same period a year earlier, according to Unica.

   Global sugar production plummeted 43.5% to 1.4 million tons in the same period, and ethanol output dropped 23.5% to 1.4 billion litres.

  Meanwhile, mounting arrears and surplus stocks of sugar forced sugar mills to sale their produce at depressed prices which accelerate the exportable supply due to lower price.

  Total cane arrear has dropped a bit due to aggressive sale by domestic mills but total arrear still stood at 181.12 billion till mid June, as per government officials.

  Moreover, the government plans to export 4 million tons of sugar during (Oct-Sep) 2015-16 season to support the domestic prices and help miller to pay arrears, government officials said.

  The government may link the incentives with fair and remunerative price of cane and market price of sugar and try to cover the gap by a subsidy mechanism.

  Raw sugar October contract on the Intercontinental Exchange (ICE) rose 0.53% to 11.31 cents per pound for the week ended Jul 31.

  White sugar October contract on the London International Financial Futures and Optional Exchange (LIFFE) jumped 2.16% to $354.10 per ton for the week ended Jul 31.

  Sugar is expected to find support at Rs 2,150 per quintal and resistance at Rs 2,300 per quintal next week, analysts said.

  Sugar for October delivery traded in Rs 2,165-2,268 per quintal range in the past five trading session on the National Commodity & Derivatives Exchange.

 

Base Metal/weekly: Copper may fall on demand worries, strong dollar

Copper may extend fall for a seventh-straight trading week on global demand concerns and on expectation of strong dollar index in next week following Fed rate hike fear, said analysts.

  "Base metals will fall on global demand worries and expectation of strong dollar," said Kaynat Chianwala an analyst with Angel Commodities.

  Prices of the industrial metals will be down on demand concerns from Euro-zone, the world's third biggest metal consumer, following weaker than expected economic data of Germany, the biggest metal consumer in Euro-zone, said analysts.

  Germany retail sales in month of June slipped 2.3% compared to analysts' expectation of 0.3% and 0.4% growth a month ago while Germany consumer prices index in month of July eased 0.2% compared to consensus expectation of 0.3% and 0.3% in the same period a year ago, government data showed.

  Industrial metals will also be under pressure on subdued demand from US, the second biggest metal consumer, after pending home sales in month of June fell unexpectedly, said analysts.

  US pending home sales in month of June dropped 1.8% compared to analysts' expectation of 1% growth and 0.6% a month ago, government showed on Wednesday.

  "Market continues to remain under pressure amid demand worries from top consumer China and gains in US dollar," said Priyanka Jhaveri an analyst with Kotak Commodities.

  Growing expectation of rate hike by US is lifting US Dollar higher, said analysts.

  Next week, dollar index, which measures the strength of greenback against its six major trading partners, expected to stay in the range of 98-98.5.

  Upbeat jobs data triggered fear that the Federal Reserve will be in course of raising interest rate in September.

  United States jobless claims came at 267,000 for the week ended Jul 24 compared to analysts' estimate of 270,000 and 255,000 a week ago, a government data showed.

  While, US gross domestic product annualized at 2.3% in second quarter compared to upward revision of 0.6% a quarter ago, a government data showed.

  On Thursday, the Federal Reserve reiterated its resolve to hike rates later this year as the economy was poised for expansion and labour market was expected to improve further.

   The central bank said it was seeing "solid" job gains and maintained its view that economic activity was expanding "moderately", with the risks to the outlook "nearly balanced".

  "Growth in household spending has been moderate and the housing sector has shown additional improvement; however, business fixed investment and net exports stayed soft. The labour market continued to improve, with solid job gains and declining unemployment," FOMC statement said.

  The Committee anticipates that it will be appropriate to raise the target range for the federal funds rate when it has seen some further improvement in the labour market and is reasonably confident that inflation will move back to its 2% objective over the medium term.

  Prices of base metals will also be under pressure after a private survey showed manufacturing activity contracted by the most in 15 months in July indicating weakening economic condition in Asia's biggest economy.

  The flash Caixin/Markit China manufacturing PMI came at 48.2, lowest reading since Apr 2014 compared to analysts' estimate of 49.7 and 49.4 a month ago.

  It is the fifth straight month reading below 50. Any reading above 50 signals expansion, while a reading under 50 shows contraction.

  China is the world's largest consumer of copper accounting for about 40% of total global demand and major consumer of other industrial metals

  Copper for August delivery traded in Rs 334.15-343.95 per kilograms range this week and are likely to find support at Rs 326-331 per kilograms next week. The metal prices may find resistance at Rs 350-360per kilograms next week, said Mihir Kansara a technical analyst with Phillip Commodities.

  For the past five trading sessions aluminium for August delivery traded in Rs 103.85-106.20 range on the Multi Commodity Exchange.

  Resistance for August aluminium prices is seen at Rs 107-110 per kilograms level and price may get support at Rs 102-99.50 per kilograms level in next week, said Kansara.

  Nickel for August delivery traded in Rs 705.10-732.30 per kilogram range in last week on the MCX.

  Resistance for August nickel prices is seen at Rs 735-770 per kilograms level and price may get support at Rs 680-655 per kilograms level in next week, said Kansara.

  Lead for August delivery traded in Rs 109.35-111.90 per kilogram range in last week on the MCX.

  Resistance for August lead prices is seen at Rs 112-115 per kilograms level and price may get support at Rs 108-105.50 per kilograms level in next week. Kansara said.

  In the past five trading sessions on the MCX, zinc for August delivery traded between Rs 124-127.80 per kilogram range.

   Resistance for August zinc prices is seen at Rs 128-132 per kilograms level and price may get support at Rs 122-119 per kilograms level in next week

Suzlon posts first profit in 14 quarters as expenses halves

Suzlon Energy late Friday posted its first profit in 14 quarters as expenses nearly halved and the company made one-time foreign currency gains.

   The wind turbine maker posted consolidated net profit of Rs 10.47 billion for the second quarter ended on Jun 30 compared with lose of Rs 7.51 billion same period a year ago.

   The company's total income was Rs 26.27 billion in the quarter under consideration compared with Rs 46.72 billion in the year ago period, while its total expenses nearly halved to Rs 25.22 billion in the June quarter compared with Rs 47.77 billion same period a year ago.

  The company also made a one-time foreign exchange gain of Rs 777.5 million compared with lose of Rs 292.4 million a year ago.

  Suzlon also said its consolidated net Debt (excluding foreign currency convertible bonds) was down to Rs 70.10 billion from Rs 148.21 billion as of Mar 31, 2015. It has also said that it has brought down interest cost down by 36% quarter-on-quarter.

   The company also said its net order intake has risen 28% on-year and 69% on-quarter to 188 MW with order book standing at 1.1GW worth Rs 68.39 billion.

  The board of directors also approved the proposal to issue bonds to the extent of Rs 50 billion subject to shareholders' approval.

   "Our Q1 performance reflects our turnaround journey. Our strategic vision incorporates the government's renewable energy target of 175 GW by 2022 and the conducive policy landscape ... This year, we expect to supply 100 turbines of the S111," said Tulsi Tanti, chairman, Suzlon Group in the release to the exchanges.

   The board also appointment of Kirti J Vagadia as Group CFO with effect from Aug 1, 2015 after the current CFO Amit Agarwal resigned, the release said.

   Friday, share prices of Suzlon Energy ended at 21.90, unchanged from previous close on the Mumbai Stock Exchange.

May extend fall on oversupply woes, weak demand

Crude futures on Multi-Commodity Exchange are likely to trade extend fall for sixth straight trading week on increasing supplies from global market and subdued demand from bulk consumers, analysts said.

  "Higher global supplies are likely to pressurise the prices of crude," said Madhavi Mehta, research analyst with Kotak Commodities.

  Global oil supply surged by 550,000 barrels per day in June, on higher output from both Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC producers, International Energy Agency (IEA) said.

  World oil production jumped by 3.1 million barrels per day to 96.6 million barrels per day, with OPEC crude and natural gas liquids accounting for 60% of the gain. Non-OPEC supply growth is expected to grind to a halt in 2016, as lower oil prices and spending cuts take a toll.

  OPEC, which pumps about a third of the world's crude, said its total production rose in June by 283,000 barrels a day compared with May, to 31.38 million barrels, driven mainly by higher output from Iraq, Nigeria and Saudi Arabia.

  OPEC members pumped 31.25 million barrels per day in the second quarter against demand of 28.26 million barrel per day, the Reuters data showed.

  The OPEC produced around 3 million barrels per day above demand in the second quarter.

  Crude oil prices may also be under pressure on weak global demand forecast, analysts said.

  "Demand for crude oil is very weak s prices are likely to fall," Kaynath Chainwala, research analyst with Angel Commodities.

  Global oil demand growth is forecast to slow to 1.2 million barrels per day in 2016, from an average 1.4 million barrels a day this year, International Energy Agency (IEA) said in its oil market report (OMR).

  World oil demand growth appears to have peaked in the first quarter at 1.8 million barrels a day and will continue to ease throughout the rest of 2015 and into 2016 as temporary support fades.

  Meanwhile, US oil inventories rose by 1.9 million barrels to 462 million barrels for week ended Jul 24 compared with analysts' expectations for a decline of 184,000 barrels, data by American Petroleum Institute (API) showed.

  US fuel stockpile rose by 4.2 million barrels to 468.1 million barrels for week ended Jul 24 compared with analysts' expectations for a decline of 850,000 barrels, data by Energy Information Administration (EIA) showed.

  West Texas Intermediate, the US benchmark, for September delivery slumped 0.82% to $47.74 a barrel on the New York Mercantile Exchange for the week ended Jul 25.

  Brent, European benchmark for September contract plunged 3.28% to $52.83 per barrel, on the London-based ICE Futures Europe exchange for the week ended Jul 25.

  However, any movement in the local currency will also impact crude oil prices, analysts said.

  The local currency fell 0.15% to Rs 64.13/$1 in the week ended Jul 31.

  Crude oil is expected to find support at Rs 2,910-2,960 per barrel and resistance at Rs 3,180-3,300 per barrel, analysts said.

  Crude for August delivery traded in Rs 3,008-3,177 per barrel range in the past five trading session on the Multi Commodity Exchange.

 

Bharati Shipyards changes name to Bharati Defence and Infrastructure

Bharati Shipyard late Friday said it will change its name to Bharati Defence and Infrastructure Ltd, indicating the company's greater focus on defence business.

  "The Board of Directors of the company at its meeting held on Jul 31 ... to change name of the company from Bharati Shipyard Ltd to Bharati Defence and Infrastructure Ltd," the company said in the releases to the exchanges.

  The board has also decided to issue convertible warrants to the lender.   

   Friday, share prices of Bharati Shipyard closed at Rs 18.20, up 4.90% on the Mumbai Stock Exchange.

 

May extend fall on weak export demand, higher sowing

Cotton futures on Multi-commodity Exchange are likely extend fall for fifth straight trading week on subdued demand from bulk consumers and increased sowing prospects, analysts said.

   "Poor response from global markets will pressurise the prices of cotton," said Sudha Acharya, research analyst with Kotak Commodities.

  India's total export estimate was lowered to 7 million bales as compared to previous estimates of 9 million bales on weak demand from China. China is the biggest cotton importer from India.

  Domestic mills are also buying only according to their immediate requirement as most of the mills are not able to buy huge quantity due to their poor financial condition.

  Also, the USDA trimmed India's exports for 2015-16 to 4.70 million bales as compared to previous forecast of 5 million bales.

  The yarn demand from India continues to be low. Also, there has been a good drop in the exports of Yarn in India.

  In June 2015, according to China customs data textile and apparel exports fell 8.79% to $233.92 billion.

  Cotton prices may also be under pressure on increasing sowing prospects in the country, analysts said.

  Total area planted so far under cotton is higher by 30% as compared to previous year as per Ministry of Agriculture.

   Around 9.95 million hectare land was sown under cotton against the 7.61 million hectare of land which was sown under cotton during same period in last year.

Global

   "Better sowing for coming season is likely to boost the cotton output in India which may negatively affect the cotton futures in coming days," said Aurobindo Gayan, research analyst with Kotak Commodities.   

   Meanwhile, cotton export to China from India has declined by 56.72% in 2014-15, which has caused cotton prices in domestic market to fall drastically.

   In 2014-15 India exported only 2.6 million bales of cotton to China against 6.1 million bales in 2013-14.

   Citing the situation, Commerce and Industry Minister Nirmala Sitharaman said in the written reply to Rajya Sabha that due to this reason cotton domestic prices are ruling weaker as compared to the previous year and cotton policy adopted by China is the major cause for less imports.

   Moreover, India is likely to sell its cotton to Thailand too, after succeeding in selling cotton to Bangladesh.

   One of the biggest mills in Thailand has shown interest in buying cotton from India.

   According to the CCI officials, samples of cotton from India have approved and CCI is all set to get buyers from Thailand, besides Bangladesh.

  From global front, total sales of upland cotton was recorded to 91,500 RB during last week ended on Jul 16, up by 79% from the previous week and 64% from the prior four-week average.

   Increases were reported for Vietnam (50,800 RB, including 3,400 RB switched from Japan and decreases of 100 RB), South Korea (13,400 RB), Turkey (13,000 RB), and China (8,200 RB, including 4,400 RB switched from Vietnam and decreases of 300 RB).

  Global cotton prices for October delivery fell by 2.08% to 63.42 cents per pound for the week ended Jul 31.

  Cotton is expected to find support at Rs 15,500 and resistance at Rs 16,350 per bale next week, analysts said.

  Cotton for October delivery traded in Rs 15,970-16,170 per bale range in the past five trading session on Multi-Commodity Exchange 

Gold may extend 7-wk fall on Fed rate hike fear

Gold may extend fall for seven-straight trading week on fear that Federal Reserve may hike interest rate in this year following better than expected economic data and on weak investment demand, said analysts.

  "Gold will fall on US rate hike fear and on weak investment demand," said Kaynat Chainwala an analyst with Angel Commodities.

  Bullion prices will be under pressure as upbeat jobs data triggered fear that the Federal Reserve will be in course of raising interest rate in September.

  United States jobless claims came at 267,000 for the week ended Jul 24 compared to analysts' estimate of 270,000 and 255,000 a week ago, a government data showed.

  While, US gross domestic product annualized at 2.3% in second quarter compared to upward revision of 0.6% a quarter ago, a government data showed.

  On Thursday, the Federal Reserve reiterated its resolve to hike rates later this year as the economy was poised for expansion and labour market was expected to improve further.

   The central bank said it was seeing "solid" job gains and maintained its view that economic activity was expanding "moderately", with the risks to the outlook "nearly balanced".

  "Growth in household spending has been moderate and the housing sector has shown additional improvement; however, business fixed investment and net exports stayed soft. The labour market continued to improve, with solid job gains and declining unemployment," FOMC statement said.

  The Committee anticipates that it will be appropriate to raise the target range for the federal funds rate when it has seen some further improvement in the labour market and is reasonably confident that inflation will move back to its 2% objective over the medium term.

  Prices of the yellow metal will also be down as gold exchange trade fund (ETF) investors remained on sidelines despite lower price showing weaker investor interest, said analysts.

  Holdings of SPDR Gold Trust, the world's biggest gold-backed exchange-traded fund, fell on Monday to 680.15 tons to 684.63 tons on Friday, its lowest level since 2008.   

   Gold prices are also expected to fall next week on expection of strong dollar, said analysts.

  Next week, dollar index, which measures the strength of greenback against its six major trading partners, expected to stay in the range of 98-98.5.

  Gold for October contract traded in Rs 24,705-25,263 per 10 grams range in this week.

  Resistance for October gold prices is seen at Rs 25,000-25,200 per 10 grams level and price may get support at Rs 24,350-24,100 per 10 grams level in next week, said Mihir Kansara a techinical analyst with Phillip Commodities.

  Prices of the silver are also expected to fall next week taking cues from gold and base metal prices, said analysts.

  In the last five trading sessions, silver for September delivery traded in Rs 33,566-34,250 per kilogram range.

   Resistance for September silver prices seen at Rs 34,500-35,500 per 10 grams level and price may get support at Rs 32,900-32,300 per 10 grams level in next week,

Maruti Suzuki total sales up 20.1% to 121,712 units in July

 Maruti Suzuki India Saturday said its total sales rose 20.1% to 121,712 units in July 2015 compared with total sales of 101.380 units same month a year ago.

  The car maker said in July, it sold total 110,405 units in the domestic market and 11,307 units in exports.

  This has taken the total sales so far till July in the current fiscal year to 463,041 units, up 15.4% from a year ago period.

  In the passenger car segment, Maruti Suzuki July sales rose 25.9% to 91,602 units from a year ago period, while utility vehicles sales rose to 6,916 units in July, up 22.8% from a year ago period.  

   

Edible oil/weekly:Soybean may fall on oversupply woes, weak soymeal demand

 Soybean prices may extend fall for a fifth-straight trading week on expectation of higher supply in domestic and international market and on declining demand for soymeal in export market, said analysts.

  "Soybean prices may fall on higher supply in domestic and from United States and on weak demand for soymeal," said Ajay Kumar Kedia an analyst with Kedia Commodities.

  Prices of the bean will be under pressure on oversupply woes following robust sowing data, said analysts.

  With the revival of monsoon during the second half of this month the overall sowing and crop conditions are comfortable in the country though deficient rainfall in some parts of the country is a concern.

  Kharif crop sowing stood at 76.48 million hectare until July 31, up 9% on year due to timely onset of monsoon and excess rains in June.

  Soybean area coverage during last week is higher by 1.07 million hectare to 10.63 million hectare compared to 9.56 million hectare in corresponding period of kharif 2014.

  Prices of the bean will also under pressure on expectation of higher supply from United States after the United States department of agriculture (USDA) rose 2015-16 United States soybean production forecast in its World Agriculture Supply and Demand Estimates report.

  The USDA hiked US, the world's biggest bean grower, 2015-16 production estimates to 105.7 million tons compared to 104.8 in the previous month estimates and 108 million tons a year ago.

  Prices of the bean will also be down on weak demand for the Indian soymeal in export market, said analysts.

  India soymeal exports in the month of June dropped 20.43% from a year earlier on higher prices of the soybean in the local market, data released from Solvent Extractors Association of India (SEA) showed today.

   Soybean oilmeal exports dropped to 2,098 tons in June compared to 2,637 tons for the corresponding period a year earlier, data from SEA of India showed.

  Soybean for August delivery traded in Rs 3,222-3,317 per 100 kilogram range in the past five trading sessions. Soybean for August delivery is expected to trade in Rs 3,060-3,380 per 100 kilograms on the National Commodity & Derivative Exchange next week.

  Crude palm oil may trade flat next week on on subdued demand for the oil in export market following weak Malaysia palm oil export data and on short covering, said analysts.

  Malaysia palm oil exports during July 1-20 dropped 15.52% compared to a month earlier on weak demand from China, India & Subcontinent and European Union.

  Malaysia palm oil exports slipped to 907,574 tons during July 1-20 compared to 1.07 million tons for the same period a month ago, Dow Jones reported citing data from Intertek, a private surveyor.

  Prices of the palm oil will also be down on higher supply in domestic market following robust imports data, said analysts.

  Crude palm oil imports climbed 11.54% to 571,495 tons in June compared to 512,358 tons in the same period a month ago, data release from the Solvent Extractors Association (SEA) of India showed.

  However, sharp fall in the crude plam oil prices will be cushioned by buying at lower level after prices plunged to near 3% in past two-trading weeks, said analysts.

  Domestic palm oil for August delivery slumped nearly 3% and traded in range of Rs 433.8-416.4 per 10 kilograms on the MCX, on weak demand.

  CPO for August delivery in the past five sessions traded in Rs 416.40-426.80 per 10 kilograms and may trade in Rs 412-434 per 10 kilograms range on the MCX in next week, said Harshal Mehta a techical analyst with Nirmal Bang.

  Soyoil prices may also fell next week on oversupply woes following robust imports, said analysts.

  Prices of the soyoil will be under pressure on oversupply woes following robust production data from Argentina, the world's third biggest soyoil producer, said analysts.

  The country produced 3.6 million tons of soy oil in the first half of the year, 3.5% more than the same period last year, the ministry data showed.

  India's soyoil imports jumped to 154,090 tons in June compared to 99,682 tons for the same period a year ago, data released by the SEA of India showed.

  Soyoil traded in Rs 565-579.50 per 10 kilogram range in the past five trading sessions. Soyoil for August delivery is expected to trade in Rs 564-592 per 10 kilograms rang next week on the National Commodity & Derivative Exchange (NCDEX), said Mehta.

  However, prices of the mustard seed, the main rabi crop, are expected to trade higher in supply worries and on improved China demand, said analysts.   

   According to latest USDA report, global rapeseed production is forecast to decline 3.5 million tons in 2015/16 as a slight decrease in area reduces total output to 68.1 million tons.

  In Europe, Oil World has estimated the production of 22 million tons as compared to 24.1 million tons in 2014/15.

  In domestic market prices of mustard seeds were also supported by lower supply after arrivals were low at 500,000 bags compared to 600,000 bags earlier.

  Prices of rape seed will also be supported by hope of improvement in demand from China after the Chinese government lifts a ban on Indian rapeseed meal which was imposed three years ago on quality concerns, Reuters reported Wednesday citing China's quarantine authority.

  Last month, both the countries have inked a sanitary protocol and agreed to ensure Indian meal meets Chinese standards, the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ), China's quality watchdog, said in a statement.

  RM seed for August traded in Rs 4,102-4,209 per 100 kilogram range for past five trading session. RM seed for August delivery may trade in Rs 4,140-4,280 per kilogram range next week, said Mehta.

Spices complex seen range bound on lack of export demand

 

  NEW DELHI, AUG 1 Prices in the spices complex seen range bound in the coming week in the absence of fresh export contracts and recent rains in various producing centres, said traders and analysts.

  India received 21% above normal rains during week ended Jul 29, according to India Met Department (IMD).

  Export contracts continued to be negligible as buyers are waiting market to settle down, said traders.

  Earlier traders were expecting that export demand will pick from gulf countries after the Ramzan, said an analyst.

  India is a major producer and exporter of spices. India's spices export grew 9% to 893,920 tons during 2014-15 as against 817,250 tons a year earlier, according to data from Spices Board.

JEERA SEEN DOWN

  Jeera prices may remain under pressure in the absence of export orders and comfortable stocks, said Subhrenil Dey, analyst with SMC Comtrade.

  "Jeera harvest will start in Syria and Turkey, the two other major producers, in August and it may impact demand of Indian jeera," said Dey.

  However, there are conflicting reports about the size of crop and the quality of jeera in the two countries, said a trader.

  Meantime, heavy rains in some parts of Gujarat hit trading activity there, said traders.

  Domestically, there is regular demand and market prices for lower quality jeera and revival of rains in western India may limit the trade operations and prospects of good sowing in next season, said a report from Angel Commodities.

  Jeera September resumed week lower at Rs 15,815 against the precious closing of Rs 15,935 per quintal. The contract fell to Rs 14,940 on Wednesday due to emergence of profit booking and weak buying support.

  However, towards week-end Sept contract recovered partially to Rs 15,475 per quintal on fresh buying.

  As per third advance estimate of Gujarat government jeera production in 2014-15 is estimated at 158,000 ton down 54.3% on year, according to a report from Angel Commodities.

  During 2013-14, the Gujarat jeera output was 346,000 ton, the report said.

  India is the leading jeera producer while Syria and Turkey are the other major producers.

  India's jeera export during 2014-15 rose to 155,500 ton from 121,500 ton a year ago, according to Spices Board.

  In Delhi physical market, jeera Ganesh declined to Rs 15,000-15,100 per quintal from Rs 15,600-15,700 per quintal on increased arrivals amid weak demand.

 

CHILLI MAY RANGE BOUND

  Prices of chilli are likely to move in a narrow range as traders are awaiting the report of sowing with the fresh spell of rains, said traders.

  Sowing of chilli is in progress in Andhra Pradesh and Telangana two main producing states of the country.

  "Initial reports are not promising but sowing may pick up in the coming days," said a trader.

  There were reports of export demand from Bangladesh and Malaysia in Guntur market, the trader added.

  Volume of business continued to be restricted on the National Commodity and Derivatives Exchange (NCDEX) due to lack of any positive report on export front.

  On NCDEX, Chilli Teja Sept contract resumed trading lower at Rs 9,298 per quintal and on Tuesday it recovered to Rs 9,320 on renewed support.

  Later, prices reacted to Rs 9,204 on selling pressure.

  In the Delhi spot market chilli teja ruled unchanged at Rs 10,800-11,000 per quintal.

  India exported 347,000 tons chilli in 2014-15 up 4% on year.

  India's 2014-15 chilli output is projected lower due to adverse weather while exports are rising due to poor output in China.

  Bangladesh, China, Srilanka, Malaysia, gulf countries are some of the major importers of Indian chilli.

CORIANDER- SELLING SEEN

  "Coriander prices may decline in the coming as selling is expected the present higher levels," said Vijay Sharma, a local trader.

  In producing centres of Rajasthan and Madhya Pradesh fresh rains were reported which may help sowing in the coming months, he said.

  "Coriander may decline as no fresh export buying is coming while stockiest may unload their stocks," said Dey.

  Last week, NCDEX has withdrawn the special margin on the commodity but it failed to push the prices up, said a trader.

  On the NCDEX, coriander September contract opened lower by Rs 43 to Rs 12,105 but improved to Rs 12,115 on the same day.

  However, on Thursday, the contract fell to Rs 11,300 on profit booking but later recovered to Rs 11,476 on Friday per quintal.

  In Delhi spot market coriander medium quality steady at Rs 11,500-12,500 per quintal.

India's 2014-15 coriander exports spurted to 46,000 tons up from 24,650 tons a year ago.

TURMERIC MAY DECLINE

  Turmeric prices are likely to remain easy as recent rains may brighten the crop prospects, said Dey.

  Turmeric acreage is reported higher in Tamil Nadu and Maharashtra while sowing operations are going on in Andhra Pradesh and Telangana, said a trader.

  Turmeric sowing in Andhra Pradesh stood at 49,000 hectare until Jul 22 as against 40,000 hectare a year ago.

  In Telangana nearly 63% sowing of turmeric as been completed, said a report of Angel Commodities.

  Turmeric acreage stood at 31,279 hectares in Telangana, the report said.

  Maharashtra, Andhra Pradesh, Telangana, Tamilnadu and Odisha are the main producing centres.

  On National Commodity and Derivatives Exchange (NCDEX), turmeric for September delivery opened marginally lower at Rs 6,972 per quintal and fell to Rs 6,750 on the same day on selling pressure.

  Later prices jumped to Rs 7,292 to close the week at Rs 7,236 per quintal.

  In the Delhi spot market turmeric single polish gattha improved by Rs 200 to Rs 7,600-7,700 per quintal on fresh demand from masala manufacturers.

  India's 2014-15 turmeric export stood at 86,000 ton up from 77,500 ton a year ago.

CARDAMOM MAY UP

  Cardamom prices are likely rule steady with higher possibilities of rising due to good export demand, said Sumit Bairathi.

  New crop supplies have starting rising the producing centre, said a local trader.

  "Exporters are main buyers in auctions to fulfill their export commitments. However, as soon as domestic buyers enter the market, prices will go up," hoped Bairathi.

  Weekly arrivals at auction centres are estimated around 450 ton.

  In the Delhi spot market cardamom Robin was traded at Rs 570-580 per kilogram.

(End)

Raymond net lose narrows in Q1 on higher revenue growth

Raymond after market hours Friday reported narrowing down of its consolidated net loss at Rs 137.2 million for the first quarter ended June 30 on account of high revenue growth.

  The garment maker had posted a consolidated net loss of Rs 328.5 million during the April-June period of previous financial year.

  Raymond's total consolidated income from the operation during the quarter under review increased by 2.27% to Rs 11.22 billion compared with Rs 10.97 billion during the same period a year ago.

  "The current quarter witnessed a subdued consumer sentiment in the domestic market and sluggish demand in the exports market, particularly in the garmenting and automotive segments," said Gautam Hari Singhania, chairman and managing director, Raymond

  Singhania also said that despite these challenges, Raymond has been able to register a marginal top-line growth at the consolidated level and margin improvement at EBITDA level.

  Friday, share prices of Raymond Ltd ended at Rs 469.30, up 1.97% on the Mumbai Stock Exchange.

Shriram Transport Finance Q1 net profit up 5% to Rs 3.21 bln

Shriram Transport Finance Company (STFC) on Friday said its net profit increased marginally by 5% to Rs 3.21 billion in the first quarter ended Jun 30 as the commercial vehicle financier's bottomline was dented by an increase in non-performing loans.

  The company's revenue registered a growth of 17% to Rs 23.52 billion compared with Rs 20.16 billion a year ago.

   Net interest margins, a measure of profitability, improved to 6.76% for the quarter as against 6.54% a year ago, however asset quality worsened in the last three months.

   On a sequential basis, bad loans have gone up to 4.1% of the loan book in the quarter from 3.8 % in March causing the company to make higher provisioning, which went up by 22% to Rs 3.96 billion for the quarter, compared with Rs 3.24 billion previous quarter.

  Friday, share prices of Shriram Transport Finance closed at Rs 890.05, up 3.18%, while the benchmark Sensex rose 1.48% to close at 28,114.56 on the Mumbai Stock Exchange.

SPARC narrows net lose in Q1 on higher income, lower expenses

   Sun Pharma Advanced Research Company Ltd, the research arm of Sun Pharmaceuticals, Saturday posted a narrowed first quarter lose on account of higher income and slight decline in total expenditure.

  The research arm of Sun Pharmaceuticals reported net lose of Rs 16.50 million in the quarter ended Jun 30. 2015 compared with net lose of Rs 97.4 million during the same period a year ago.

  Total income rose during the quarter under consideration rose 21.17% to Rs 434.4 million from Rs 358.5 million a year ago, while total expenditure slightly fell to Rs 452.6 million from Rs 469.5 million a year ago.

  Earlier today, SPARC, separately, said it has received complete response letter from the US Food and Drug Administration for its new drug application for preservative-free eye drop, Latanoprost.

  Friday, share prices of SPARC ended at Rs 408.80, up 1.01% on the Mumbai Stock Exchange.

 

State-run OMC cuts diesel, petrol prices for third time in July

State-run OMC cuts diesel, petrol prices for third time in July

 

   MUMBAI, AUG 1: The government-run oil marketing companies late Friday cut the retail prices of petrol and diesel for the third time this month by Rs 2.43 per litre and Rs 3.60 per litre, respectively, effective from Saturday.

  After the cut, petrol prices in Delhi will become Rs 64.47 per litre, down from Rs 66.90 per litre. The new diesel price will be Rs 46.12 per litre compared with previous rate of Rs 49.72 per litre.

  On July 16, the base diesel and petrol prices were reduced by Rs 2 per litre, although some states including Delhi raised local taxes, which nullified this reduction.

  "Since last price change, there has been a decrease in international prices of both Petrol and Diesel. USD/INR exchange rate has, however, depreciated during this period. Combined impact of both these factors warrants a downward revision in prices, the impact of which is being passed on to the consumers with this price decrease," a statement by the Indian Oil Corporation Ltd (IOCL) said late Friday evening.  

   "The movement of prices in international oil market and USD/INR exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes," the statement added.

  IOCL also said that prices of non-subsidised LPG cylinders (14.2kg) in Delhi have been reduced to Rs 585 from Rs 608.50 per cylinder, a cut of Rs 23.50 per cylinder. The price of subsidised LPG will, however, remain the same.

  State-owned fuel retailers viz IOC, Bharat Petroleum Corp and Hindustan Petroleum Corp revise petrol and diesel prices on 1st and 16th of every month based on average imported cost and dollar/rupee exchange rate in the previous fortnight.

Magma Fincorp Q1 net profit flat on higher NPA provision

 Magma Fincorp Q1 net profit flat on higher NPA provision

 

  

  MUMBAI, AUG 1 : Magma Fincorp Ltd Saturday said its first quarter consolidated net profit remained little changed after the company made higher provision for non-performing assets as per the revised regulatory framework for Non-Banking Finance Companies.

  Magma Fincorp reported consolidated net profit of Rs 452.2 million for the quarter ended Jun 30, 2015 compared with Rs 434 million a year ago, while total income rose nearly 12% to Rs 6.08 billion during the same quarter from Rs 5.44 billion a year ago.

  On Nov 10, 2014, the Reserve Bank of India revised NBFCs rule to mark bad loans. NBFCs from Nov 10 have to mark a loan as bad loans if the interest has not been paid for 90 days or 3 months as against earlier rule of six months.

  To compile with this rule, the company had to make extra provision for NPAs causing the same to jump to Rs 872.46 million in the June quarter from Rs 468.35 million a year ago.

   Friday, share prices of Magma Fincorp ended at Rs 91.10, up 3.29% on the Mumbai Stock Exchange.

weekly calls nse

 buy Apollo @1369 sl 1320 target 1440/1486/1530

 buy Barth forge@1150 sl 1084 target 1230/1300/1360

 buy Hcl tech@995 sl 950 target 1075/1100/1225 

 buy M&M@1365 sl 1300 target 1430/1530/1630

 buy just dial above @1100 sl 1002 taregt 1200/1300/1350 cmp@1085

colpa lsell below @1995 sl 2105 target 1953/1860/1750

Bpcl  sell below @920 sl 988 target 880/848/815

jubilant food sell below @1822 sl 1890 taregt 1734/1662/1591

Castrol sell below@490 sl 515 taregt 476/465/404

Tatachemical sell below@480 sl 498 target 466/451/404

Indore: Pulses Closed Steady in Physical Market

Indore: Pulses Closed Steady in Physical Market

At Indore market , Chana Kantewala ended at Rs. 4450 per quintal, unchanged as compared to previous close. Arrivals were reported at 500 quintals, down by 500 quintals as compared to previous day. Chana Dal finished at Rs. 5550 per quintal, unchanged against previous close. Masoor Medium Barik at Indore market ended at Rs. 6850 per quintal, steady as against previous close. Estimated market supply was at 400 quintals, steady as against previous dayn#39;s arrival. Moong Chamki at Indore market ended lower at Rs. 6000 per quintal, lower by 7.69 per cent from previous dayn#39;s price level. Todayn#39;s arrivals are at 800 quintals, steady as against previous dayn#39;s arrival. Urad Local at Indore market finished strong at Rs. 7400 per quintal, higher by 1.37 per cent from previous trading day. Arrivals were reported at 500 quintals, unchanged as compared to previous dayn#39;s arrival. Tur MH Line at Indore market finished weak at Rs. 7400 per quintal, lower by 1.33 per cent as compared to previous day. Trade sources reported arrivals at 150 quintals, steady as against previous dayn#39;s arrival. Pulses in Indore Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Indore Chana Kantewala 4450 0 Indore Chana Dal 5550 0 Indore Masoor Medium Barik 6850 0 Indore Moong Chamki 6000 -500 Indore Urad Local 7400 +100 Indore Tur MH Line 7400 -100 nnbsp;

Turmeric in Physical Market Trading Steady in Sangli

Turmeric in Physical Market Trading Steady in Sangli

At Sangli market , Turmeric Rajapuri/Selam Finger is trading at Rs. 8800-8900 per quintal, unchanged as compared to previous close. Total arrivals are at 1500 quintals, steady as against previous dayn#39;s arrival. Turmeric Medium is offered at Rs. 8200-8300 per quintal, steady against previous close. Turmeric Desi Kadappa at Sangli market is quoted at Rs. 7500-7600 per quintal, steady as against previous close. Turmeric in Sangli Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Sangli Turmeric Rajapuri/Selam Finger 8800-8900 0 Sangli Turmeric Medium 8200-8300 0 Sangli Turmeric Desi Kadappa 7500-7600 0 nnbsp;

Maharashtra Pulses Physical Market Finished Steady

Maharashtra Pulses Physical Market Finished Steady

At Jalna market in Maharashtra, Tur Red closed at Rs. 6000-7200 per quintal, unchanged as compared to previous close. Total arrivals are at 25 quintals, down by 25 quintals as compared to previous day. Tur White finished at Rs. 6000-7200 per quintal, steady against previous close. Chana Gauran at Jalna market finished at Rs. 4350-4450 per quintal, steady as against previous close. Total market arrivals are at 25 quintals, down by 25 quintals as compared to previous day. Chana Pila at Jalna market closed at Rs. 4450-4600 per quintal, steady as against previous close. Estimated market supply was at 25 quintals, lower by 25 quintals as compared to previous day. Pulses in Maharashtra Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Jalna Tur Red 6000-7200 0 Jalna Tur White 6000-7200 0 Jalna Chana Gauran 4350-4450 0 Jalna Chana Pila 4450-4600 0 nnbsp;

Guar in Haryana Physical Market Trading Lower

Guar in Haryana Physical Market Trading Lower

At Adampur market , Guar Seed Loose is trading lower at Rs. 3650 per quintal, down by 1.35 per cent from previous trading day. Total arrivals are at 500 quintal, down by 100 quintal from previous dayn#39;s arrivals. Guar Seed All Paid is offered weak at Rs. 3750 per quintal, down by 1.32 per cent from previous price level. Guar Loose at Bhiwani market is trading firm at 3750 per quintal, higher by 2.74 per cent from previous dayn#39;s price level. Guar Gum at Bhiwani market is quoted strong at 8800 per quintal, higher by 5.71 per cent as against previous day. nnbsp; Guar in Haryana Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Adampur Guar Seed Loose 3650 -50 Adampur Guar Seed All Paid 3750 -50 Bhiwani Guar Loose 3750 +100 Bhiwani Guar Gum 8800 +475 nnbsp; Guar Seed Loose price at Siwani market is offered high at Rs. 3750 per quintal, up by 0.67 per cent from previous trading day. Arrivals were reported at 500 Bags, steady as against previous dayn#39;s arrival. Guar Seed Loose price at Ellanabad market is trading high at Rs. 3700 per quintal, up by 2.78 per cent as against previous day. Total arrivals are at 100 Bags, down by 50 Bags from previous dayn#39;s arrivals. Guar Gum at Ellanabad market is quoted weak at Rs. 7800 per quintal, down by 5.45 per cent from previous dayn#39;s price level. Guar in Haryana Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Siwani Guar Seed Loose price 3750 +25 Ellanabad Guar Seed Loose price 3700 +100 Ellanabad Guar Gum 7800 -450 nnbsp;

Mentha Oil in Physical Market Trading Strong in Rampur

Mentha Oil in Physical Market Trading Strong in Rampur

At Rampur market , Mentha Oil is trading high at Rs. 1030 per Kg, higher by 1.48 per cent from previous trading day. Traders reported arrivals at 10 Drums(1-drum=180kg), steady as against previous dayn#39;s arrival. Mentha Oil in Rampur Market (Prices in Rs. per Kg) Market Commodity/Variety Price Change Absolute Rampur Mentha Oil 1030 +15 nnbsp; Note: The above mentioned prices are in Rs. per Kg and arrivals are in Drums(1-drum=180kg).

Sambhal : Mentha Oil in Physical Market Trading Firm

Sambhal : Mentha Oil in Physical Market Trading Firm

At Sambhal market , Mentha Oil is trading high at Rs. 1035 per Kg, higher by 1.97 per cent as compared to previous day. Total arrivals are at 100 Drums(1-drum=180kg), steady as against previous dayn#39;s arrival. Mentha DMO is offered at Rs. 720 per Kg, unchanged against previous close. Mentha Flakes at Sambhal market is quoted strong at Rs. 1070 per Kg, higher by 1.9 per cent from previous day. Mentha Crystal at Sambhal market is offered strong at Rs. 1115 per Kg, higher by 2.76 per cent against previous day. Mentha Oil in Sambhal Market (Prices in Rs. per Kg) Market Commodity/Variety Price Change Absolute Sambhal Mentha Oil 1035 +20 Sambhal Mentha DMO 720 0 Sambhal Mentha Flakes 1070 +20 Sambhal Mentha Crystal 1115 +30 nnbsp;

Soybean in Rajasthan Physical Market Trading.

Soybean in Rajasthan Physical Market Trading.

At Bundi market , Soybean Plant is trading at Rs. 3200-3250 per quintal, steady as against previous close. Soybean Mandi is offered at Rs. 3150-3200 per quintal, unchanged against previous close. Arrivals were reported at 50 Bags, unchanged as compared to previous dayn#39;s arrival. Soybean Plant at Baran market is quoted lower at Rs. 3150-3200 per quintal, lower by 1.54 per cent from previous day. Soybean Mandi at Baran market is offered weak at Rs. 3100-3125 per quintal, lower by 0.79 per cent against previous day. Estimated market supply was at 300 Bags, steady as against previous dayn#39;s arrival. Soybean Plant at Bhawani market is trading high at Rs. 3250-3275 per quintal, up by 0.77 per cent as compared to previous day. Soybean Mandi at Bhawani market is quoted high at Rs. 3150-3250 per quintal, higher by 1.56 per cent from previous trading day. Trade sources reported arrivals at 500 Bags, lower by 200 Bags as compared to previous day. nnbsp; Soybean in Rajasthan Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Bundi Soybean Plant 3200-3250 0 Bundi Soybean Mandi 3150-3200 0 Baran Soybean Plant 3150-3200 -50 Baran Soybean Mandi 3100-3125 -25 Bhawani Soybean Plant 3250-3275 +25 Bhawani Soybean Mandi 3150-3250 +50 nnbsp;

Black Pepper Physical Market Trading with a Steady in New Delhi

Black Pepper Physical Market Trading with a Steady in New Delhi

At New Delhi market , Black Pepper Unpolished is trading at Rs. 66000 per quintal, unchanged as compared to previous close. Black Pepper in New Delhi Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute New Delhi Black Pepper Unpolished 66000 0 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in tonnes.

Cardamom in Kerala Physical Market Trading Weak

Cardamom in Kerala Physical Market Trading Weak

At Kochi market , Cardamom Loose(Max. Price) is trading weak at Rs. 916 per kg, lower by 4.08 per cent from previous dayn#39;s price level. Estimated market supply was at 45221 kgs, lower by 22940 kgs from previous dayn#39;s arrivals. Cardamom Loose(Avg. Price) is offered lower at Rs. 619 per kg, down by 0.48 per cent as compared to previous day. steady as against previous dayn#39;s arrival. Cardamom in Kerala Market (Prices in Rs. per kg) Market Commodity/Variety Price Change Absolute Kochi Cardamom Loose(Max. Price) 916 -39 Kochi Cardamom Loose(Avg. Price) 619 -3 nnbsp; Note: The above mentioned prices are in Rs. per kg and arrivals are in kgs.

Coriander Seed Physical Market in Rajkot(Guj.) Opened with Steady Sentiment

Coriander Seed Physical Market in Rajkot(Guj.) Opened with Steady Sentiment

At Gondal(Guj.) market in Rajkot(Guj.), Coriander Seed Badami started at Rs. 10250 per quintal, steady as against previous close. Estimated market supply was at 350 quintals, higher by 50 quintals as against previous day. Coriander Seed Eagle opened lower at Rs. 9500-9750 per quintal, down by 7.14 per cent as compared to previous day. unchanged as compared to previous dayn#39;s arrival. Coriander Seed in Rajkot(Guj.) Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Gondal(Guj.) Coriander Seed Badami 10250 0 Gondal(Guj.) Coriander Seed Eagle 9500-9750 -750 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in quintals.

Jeera(Cumin Seed) in Physical Market Trading Weak in Merta City(Raj.)

Jeera(Cumin Seed) in Physical Market Trading Weak in Merta City(Raj.)

At Merta City(Raj.) market in Nagaur(Raj.), Jeera(Cumin Seed) Loose is trading lower at Rs. 10000-15500 per quintal, down by 1.27 per cent as compared to previous day. Arrivals were reported at 300 quintals, down by 100 quintals from previous trading day. nnbsp; Jeera(Cumin Seed) in Nagaur(Raj.) Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Merta City(Raj.) Jeera(Cumin Seed) Loose 10000-15500 -200 Note: The above mentioned prices are in Rs. per quintal and arrivals are in quintals.

Turmeric in Physical Market Finished Higher in Nizamabad

Turmeric in Physical Market Finished Higher in Nizamabad

At Nizamabad market , Turmeric Nizam ended strong at Rs. 7400 per quintal, higher by 1.37 per cent as against previous day. Total arrivals are at 1300 quintals, up by 900 quintals from previous trading day. Turmeric Finger Double Polish ended firm at Rs. 8000 per quintal, up by 1.27 per cent as against previous day. Turmeric Gattah(Unpolished) at Nizamabad market closed high at Rs. 6900 per quintal, higher by 1.47 per cent from previous dayn#39;s price level. Turmeric Double Polished Gattah at Nizamabad market closed at Rs. 7400 per quintal, steady as against previous close. Turmeric in Nizamabad Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Nizamabad Turmeric Nizam 7400 +100 Nizamabad Turmeric Finger Double Polish 8000 +100 Nizamabad Turmeric Gattah(Unpolished) 6900 +100 Nizamabad Turmeric Double Polished Gattah 7400 0 nnbsp;

BANK NIFTY TIPS

SELL BANK NIFTY@1880 STOP LOSS 19040 TARGET 18300/18000/17500

NSE TIPS

KOTAK BANK 1 ST TARGET ACHIEVED

copper updates

copper 1st target achieved@340

silver tips

silver 1st target achieved@34100

GOLD TIPS

GOLD BUY ABOVE @24700 STOP LOSS 24450 TARGET 24900/25080/25250 TRADE LESS VOLUME CMP@24650

COPPER TIPS

BUY COPPER @337.50 STOP LOSS 335 TARGET 340/342/346

Guar in Physical Market Trading Firm in Bikaner

Guar in Physical Market Trading Firm in Bikaner

At Bikaner market , Guar Seed Loose is trading high at Rs. 3575 per quintal, higher by 0.7 per cent from previous trading day. Traders reported arrivals at 150 Quintal, lower by 150 Quintal as compared to previous day. Guar Seed All Paid is offered firm at Rs. 3725 per quintal, up by 0.68 per cent against previous trading day. Guar Seed Loose at Khajuwala market is quoted lower at Rs. 3570 per quintal, lower by 0.83 per cent as compared to previous day. Trade sources reported arrivals at 40 Quintal, down by 20 Quintal as against previous day. Guar Seed All Paid at Khajuwala market is offered lower at Rs. 3713 per quintal, down by 0.83 per cent against previous day. nnbsp; Guar in Bikaner Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Bikaner Guar Seed Loose 3575 +25 Bikaner Guar Seed All Paid 3725 +25 Khajuwala Guar Seed Loose 3570 -30 Khajuwala Guar Seed All Paid 3713 -31 nnbsp;

SILVER UP DATES

BUY SIVER ABOVE  @33850 STOP LOSS 33600 TARGET 34100/34400

BANK NIFTY TIPS

SELL BANK NIFTY@18550 STOP LOSS 18700 TARGET 18400/18300/18200

KOTAK BANK

SELL KOTAK BANK@720 STOP LOSS  730 TARGET 710/700/680

NSE TIPS MARUTI

SELL MARUTI @4300 STOP LOSS 4330 TARGET 4260/4220/4180

Rampur Mentha Oil Physical Market Trading with a Weak

Rampur Mentha Oil Physical Market Trading with a Weak

At Rampur market , Mentha Oil is trading lower at Rs. 1015 per Kg, down by 0.49 per cent from previous trading day. Traders reported arrivals at 10 Drums(1-drum=180kg), higher by 5 Drums(1-drum=180kg) as compared to previous day. Mentha Oil in Rampur Market (Prices in Rs. per Kg) Market Commodity/Variety Price Change Absolute Rampur Mentha Oil 1015 -5 Note: The above mentioned prices are in Rs. per Kg and arrivals are in Drums(1-drum=180kg).

Jeera(Cumin Seed) Physical Market in Mehsana Trading with Weak Sentiment

Jeera(Cumin Seed) Physical Market in Mehsana Trading with Weak Sentiment

At Unjha market in Mehsana , Jeera(Cumin Seed) Loose is trading lower at Rs. 14850-14975 per quintal, lower by 0.66 per cent as against previous day. Jeera(Cumin Seed) NCDEX is offered weak at Rs. 16150-16175 per quintal, down by 0.61 per cent from previous price level. Jeera(Cumin Seed) Machine Cut at Unjha market is quoted lower at Rs. 17150-17175 per quintal, lower by 0.58 per cent as against previous day. Jeera(Cumin Seed) in Mehsana Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Unjha Jeera(Cumin Seed) Loose 14850-14975 -100 Unjha Jeera(Cumin Seed) NCDEX 16150-16175 -100 Unjha Jeera(Cumin Seed) Machine Cut 17150-17175 -100 nnbsp;

Red Chilli Physical Market in Khargone Trading with Steady Sentiment

Red Chilli Physical Market in Khargone Trading with Steady Sentiment

At Bedia market in Khargone, Red Chilli No. 12 is trading at Rs. 11800 per quintal, unchanged as compared to previous close. Red Chilli Indu 2070 is offered at Rs. 12000 per quintal, steady against previous close. Red Chilli MICO (Teja) at Bedia market is quoted at Rs. 12300 per quintal, steady as against previous close. Red Chilli in Khargone Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Bedia Red Chilli No. 12 11800 0 Bedia Red Chilli Indu 2070 12000 0 Bedia Red Chilli MICO (Teja) 12300 0 nnbsp;

Guar in Physical Market Trading Weak in Jodhpur

Guar in Physical Market Trading Weak in Jodhpur

At Jodhpur market , Guar seed Loose is trading lower at Rs. 3650 per quintal, down by 1.35 per cent as against previous day. Guar seed All Paid is offered lower at Rs. 3850 per quintal, down by 1.28 per cent from previous price level. Guar Gum at Jodhpur market is quoted weak at Rs. 8050 per quintal, down by 0.62 per cent as compared to previous day. Guar in Jodhpur Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Jodhpur Guar seed Loose 3650 -50 Jodhpur Guar seed All Paid 3850 -50 Jodhpur Guar Gum 8050 -50 nnbsp;

Black Pepper in Physical Market Trading Unchanged in Chikmagalur(Kar.)

Black Pepper in Physical Market Trading Unchanged in Chikmagalur(Kar.)

At Chikmagalur(Kar.) market in Chikmagalur, Black Pepper Unpolished is trading at Rs. 63000 per quintal, unchanged as compared to previous close. Black Pepper in Chikmagalur Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Chikmagalur(Kar.) Black Pepper Unpolished 63000 0 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in 

Chilli Sowing Area Reported Down In Madhya Pradesh, Agriwatch Kharif Estimate 2015-16

Chilli Sowing Area Reported Down In Madhya Pradesh, Agriwatch Kharif Estimate 2015-16

In Madhya Pradesh, current year Red Chilli transplanting has been completed. Lower area reported current year. As per Agriwatch Kharif 2015-16 estimate sowing area around 25% down as compared to last year due to fearnnbsp; of virus infection.

Soybean in Indore Physical Market Trading.

Soybean in Indore Physical Market Trading.

At Indore market , Soybean Plant is trading strong at Rs. 3280-3325 per quintal, higher by 0.45 per cent as compared to previous day. Soybean Mandi is offered lower at Rs. 3170-3220 per quintal, down by 0.62 per cent as compared to previous day. Estimated market supply was at 40000 Bags, up by 10000 Bags as against previous day. Soybean in Indore Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Indore Soybean Plant 3280-3325 +15 Indore Soybean Mandi 3170-3220 -20 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in Bags.

Newai: Mustard Trading Unchanged in Physical Market

Newai: Mustard Trading Unchanged in Physical Market

At Newai market , Mustard Seed Loose is trading at Rs. 4250-4270 per 10kg, unchanged as compared to previous close. Mustard in Newai Market (Prices in Rs. per 10kg) Market Commodity/Variety Price Change Absolute Newai Mustard Seed Loose 4250-4270 0 nnbsp; Note: The above mentioned prices are in Rs. per 10kg and arrivals are in .

Jeera (Cumin Seed) Physical Market in Mehsana Trading with Weak Sentiment

Jeera (Cumin Seed) Physical Market in Mehsana Trading with Weak Sentiment

At Unjha market in Mehsana, Jeera (Cumin Seed) Loose is trading lower at Rs. 14850-14975 per quintal, lower by 0.66 per cent as against previous day. Jeera (Cumin Seed) NCDEX is offered weak at Rs. 16150-16175 per quintal, down by 0.61 per cent from previous price level. Jeera (Cumin Seed) Machine Cut at Unjha market is quoted lower at Rs. 17150-17175 per quintal, lower by 0.58 per cent as against previous day.

Cardamom Production Expectations 2015-16

Cardamom Production Expectations 2015-16

In 2015 -16 Cardamom crop expectations is at 25,000 tonnes as compared to last year 20,000 tonnes.nnbsp; Cardamom stocks reported 5,000 tonnes till date.

Mentha Oil Physical Market Trading with a Steady in Barabanki

Mentha Oil Physical Market Trading with a Steady in Barabanki

At Barabanki market , Mentha Oil is trading at Rs. 990 per Kg, unchanged as compared to previous close. Traders reported arrivals at 250 Drums(1-drum-180kg), higher by 190 Drums(1-drum-180kg) from previous dayn#39;s arrivals. Mentha Oil in Barabanki Market (Prices in Rs. per Kg) Market Commodity/Variety Price Change Absolute Barabanki Mentha Oil 990 0 nnbsp; Note: The above mentioned prices are in Rs. per Kg and arrivals are in Drums(1-drum-180kg).

Colgate UPDATE

Colgate approves bonus issue in ratio of 1:1

NTPC PROFIT OF 30TH JULY

NTPC Q1 total revenue Rs 170.84 bln