At Rajkot market , Castor Seed Loose price is trading lower at Rs. 3575-3715 per quintal, down by 0.67 per cent from previous trading day. Total arrivals are at 50 per quintal, down by 91 per quintal from previous trading day. Castor Seed Loose price at Gondal market is offered at Rs. 3530-3780 per quintal, steady against previous close. Traders reported arrivals at 100 per quintal, down by 204 per quintal from previous dayn#39;s arrivals. Castor Seed Loose price at Patan market is quoted at Rs. 3800-3850 per quintal, steady as against previous close. Trade sources reported arrivals at 3750 per quintal, lower by 1875 per quintal from previous dayn#39;s arrivals. Castor Seed Loose price at Harij market is offered strong at Rs. 3840-3875 per quintal, up by 1.31 per cent against previous day. Todayn#39;s arrivals are at 1125 per quintal, up by 75 per quintal as compared to previous day. Castor Seed Loose price at Mehsana market is trading high at Rs. 3840-3860 per quintal, higher by 0.65 per cent from previous trading day. Arrivals were reported at 800 per quintal, steady as against previous dayn#39;s arrival. Castor Seed Loose price at Kadi market is quoted at Rs. 3825-3875 per quintal, steady as against previous close. Estimated market supply was at 1600 per quintal, lower by 160 per quintal from previous dayn#39;s arrivals. Castor Seed in Gujarat Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Rajkot Castor Seed Loose price 3575-3715 -25 Gondal Castor Seed Loose price 3530-3780 0 Patan Castor Seed Loose price 3800-3850 0 Harij Castor Seed Loose price 3840-3875 +50 Mehsana Castor Seed Loose price 3840-3860 +25 Kadi Castor Seed Loose price 3825-3875 0 nnbsp;
Which is massages given in this blog it's just our opinion trading is ur own risk we are not responsible for profit & loss
Friday 7 August 2015
Castor Seed in Gujarat Physical Market
Nizamabad: Turmeric Trading Higher in Physical Market
At Nizamabad market , Turmeric Nizam is trading strong at Rs. 7500 per quintal, higher by 1.35 per cent from previous dayn#39;s price level. Arrivals were reported at 700 quintals, down by 100 quintals as compared to previous day. Turmeric Finger Double Polish is offered high at Rs. 8000 per quintal, up by 1.27 per cent from previous price level. Turmeric Gattah(Unpolished) at Nizamabad market is quoted high at Rs. 7000 per quintal, up by 1.45 per cent as compared to previous day. Turmeric Double Polished Gattah at Nizamabad market is offered firm at Rs. 7500 per quintal, higher by 1.35 per cent from previous dayn#39;s price level. Turmeric in Nizamabad Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Nizamabad Turmeric Nizam 7500 +100 Nizamabad Turmeric Finger Double Polish 8000 +100 Nizamabad Turmeric Gattah(Unpolished) 7000 +100 Nizamabad Turmeric Double Polished Gattah 7500 +100 nnbsp;
Gross NPAs of MSMEs better than large companies, RBI's Mundra says
: Bad loans of micro small and medium enterprises sector as a whole is tad better than the total bad loans of large companies in the banking sector offering more opportunity for banks to expand loans, SS Mundra, Deputy Governor, Reserve Bank of India said Friday.
Even within the MSME sectors, the gross NPA of micro sectors, or of small companies, is slightly lesser than that of the small sector industries and the ones bigger than them, Mundra said at a function.
"Banks to be sensitive towards the lifecycle needs of their MSME clients and develop innovative products that are suitable to their unique and seasonal requirements for working capital and for capital expenditure purposes," the deputy governor said.
Pointing out at the various initiatives taken by the Reserve Bank and the Government of India like Trade Receivables Discounting System (TReDS) and rehabilitation of sick SMSMEs the Deputy Governor hoped that these will go a long way in supporting and nurturing the sector.
While speaking about the efforts that needed to be taken to help revive the MSME sector in the country, Mundra stressed on the need for an exchange platform in the banking system which trades in the MSME sector.
"A paradigm shift in financing of micro, small and medium Enterprises (MSMEs) will also happen as and when new Small Finance banks are licensed. These will make the financing of MSMEs more competitive in the coming days," Mundra said. "Banks will be able to face this competition only if they are more sensitive to the needs of the small entrepreneurs."
Micro, small and medium enterprises (MSME) contribute nearly 8% of the country's GDP, 45% of the manufacturing output and 40% of the exports. They provide the largest share of employment after agriculture.
"A very important thing which is yet to come into existence within the priority sector guidelines and which would be very very relevant and important in banking sector community is the " trades"- the exchange on which the trade receivables of MSME can be traded- this is work in progress," said the deputy governor. "We have received seven applications in RBI for setting of trade."
In order to revive the MSME sector in the country the banks can take use of e-commerce as well, the deputy governor said.
"With the e-commerce sector growing so wide, the small units can be helped by this as it allows them to become vendors to these e-commerce companies," Mundra said.
Govt refers aluminium duty hike request to revenue department
: The Ministry of Commerce & Industry has referred Aluminium Association of India's request for custom duty hike on metal to Department of Revenue.
Earlier requests were examined by Department of Revenue as part of the Budget 2015-16 and had not been acceded to.
Aluminium Association of India has requested for hiking basic custom duty on aluminium products from 5% to 10% and to increase basic custom duty on aluminium scrap to bring it at par with the duty on primary metal amid sliding prices of the metal in global market.
Aluminium production was 2.047 million tons in 2014-15 while 1.12 million tons was imported in the fiscal year gone by.
Domestic aluminium prices slumped 6.77% for the past five-straight trading weeks and traded in range of Rs 107.8-99.7 per kilograms on the Multi-Commodity and Exchange (MCX).
Pulses Physical Market Steady in Dabra
At Dabra market , Masoor Medium is trading at 5200-5300 per quintal, steady as against previous close. Chana Desi is offered at 4200-4300 per quintal, unchanged against previous close. nnbsp; Pulses in Dabra Market (Prices in per quintal) Market Commodity/Variety Price Change Absolute Dabra Masoor Medium 5200-5300 0 Dabra Chana Desi 4200-4300 0 nnbsp;
Newai: Mustard in Physical Market Trading Steady
At Newai market , Mustard Seed Loose is trading at Rs. 4200-4250 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 4200-4250 0 nnbsp; Note: The above mentioned prices are in Rs. per 10kg and arrivals are in .
Kota: Soybean Trading Higher in Physical Market
At Kota market , Soybean Plant is trading strong at Rs. 3200-3225 per quintal, up by 0.78 per cent from previous trading day. Soybean Mandi is offered firm at Rs. 3100-3150 per quintal, up by 3.28 per cent as compared to previous day. Estimated market supply was at 15000 Bags, up by 2000 Bags as compared to previous day. Soybean in Kota Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Kota Soybean Plant 3200-3225 +25 Kota Soybean Mandi 3100-3150 +100 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in Bags
India Jul CPI seen at 4%, RBI rate cut likely in Sep: BofAML
: India's retail inflation will likely fall to 4% in July, sharply lower than the Reserve Bank of India's target of 6% while industrial output will continue to remain weak, paving the way for a repo rate cut in September, Bank of America Merrill Lynch said Friday.
A better than expected monsoon, lower oil prices have resulted in easing consumer, wholesale and agricultural inflation with the central bank likely to cut its lending rate by 25 basis points next month, Bank of America said.
India's retail inflation quickened to 5.4% in June forcing the Reserve Bank to pause its rate cut cycle.
Agflation is expected to be well under control while wholesale deflation is expected to further worsen to 2.9%, Bank of America estimates.
India's industrial output is expected to expand 3.5% in June higher than 2.7% in May largely on base effects underscoring a slow recovery, the bank estimates.
BoFAML believes that further rate cuts by the Reserve Bank of India is contingent upon lending rate cut by banks, which will also aid in boosting the anemic growth in industrial output, especially since credit growth has slipped below 10% owing to slower expansion in reserve money.
"We think time is running out for further lending rate cuts this fiscal," said Indranil Sen Gupta. "With capital flows drying up it is difficult for the RBI to pump in sufficient reserve money to soften lending rates."
Steady Sentiment Witnessed in Warangal Red Chilli Physical Market
At Warangal market , Red Chilli Teja began at Rs. 9400-10000 per quintal, unchanged as compared to previous close. Arrivals were reported at 3000 bags, down by 1000 bags from previous trading day. Red Chilli Wonder Hot started at Rs. 9800-10500 per quintal, steady against previous close. Red Chilli 341 at Warangal market started the day at Rs. 9200-9800 per quintal, unchanged as compared to previous close. Red Chilli Denvor Delux at Warangal market opened at Rs. 9200-9800 per quintal, steady as against previous close. Red Chilli Fatki at Warangal market started at Rs. 6200-7400 per quintal, unchanged as compared to previous close. Red Chilli in Warangal Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Warangal Red Chilli Teja 9400-10000 0 Warangal Red Chilli Wonder Hot 9800-10500 0 Warangal Red Chilli 341 9200-9800 0 Warangal Red Chilli Denvor Delux 9200-9800 0 Warangal Red Chilli Fatki 6200-7400 0 nnbsp;
Turmeric Physical Market in Warangal Trading with Steady Sentiment
At Warangal market , Turmeric Finger is trading at Rs. 7100-7200 per quintal, steady as against previous close. Traders reported arrivals at 150 bags, steady as against previous dayn#39;s arrival. Turmeric Rounds is offered at Rs. 7100-7200 per quintal, steady against previous close. steady as against previous dayn#39;s arrival. Turmeric in Warangal Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Warangal Turmeric Finger 7100-7200 0 Warangal Turmeric Rounds 7100-7200 0 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in bags.
Soybean in Physical Market Trading Lower in Indore
At Indore market , Soybean Plant is trading lower at Rs. 3150-3200 per quintal, down by 0.78 per cent from previous trading day. Soybean Mandi is offered weak at Rs. 3070-3120 per quintal, lower by 0.95 per cent from previous price level. Estimated market supply was at 55000 Bags, higher by 20000 Bags as against previous day. Soybean in Indore Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Indore Soybean Plant 3150-3200 -25 Indore Soybean Mandi 3070-3120 -30 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in Bags.
Chandausi Mentha Oil Physical Market Trading
At Chandausi market , Mentha Oil is trading lower at Rs. 950 per Kg, lower by 0.52 per cent from previous dayn#39;s price level. Mentha DMO is offered lower at Rs. 860 per Kg, lower by 0.58 per cent as compared to previous day. Mentha Flakes at Chandausi market is quoted high at Rs. 1055 per Kg, higher by 0.48 per cent from previous day. Mentha Crystal at Chandausi market is offered at Rs. 1085 per Kg, unchanged as compared to previous close. nnbsp; Mentha Oil in Chandausi Market (Prices in Rs. per Kg) Market Commodity/Variety Price Change Absolute Chandausi Mentha Oil 950 -5 Chandausi Mentha DMO 860 -5 Chandausi Mentha Flakes 1055 +5 Chandausi Mentha Crystal 1085 0 nnbsp;
Cardamom Trading Weak in Kerala Physical Market
At Kochi market , Cardamom Loose(Max. Price) is trading weak at Rs. 980 per kg, lower by 2.97 per cent as against previous day. Total arrivals are at 55893 kgs, up by 1737 kgs from previous trading day. Cardamom Loose(Avg. Price) is offered lower at Rs. 634 per kg, lower by 2.46 per cent from previous price level. unchanged as compared to 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) 980 -30 Kochi Cardamom Loose(Avg. Price) 634 -16 nnbsp; Note: The above mentioned prices are in Rs. per kg and arrivals are in kgs.
Groundnut Cake Trading Weak in Gujarat Physical Market
At Gondal market , Groundnut Cake is trading weak at Rs. 26500 MT, lower by 1.85 per cent from previous dayn#39;s price level. Groundnut DOC 40% is offered weak at Rs. 23000 MT, down by 4.17 per cent as against previous day. Groundnut DOC 45% at Gondal market is quoted weak at Rs. 26000 MT, down by 3.7 per cent from previous day. Groundnut Cake in Gujarat Market (Prices in Rs. MT) Market Commodity/Variety Price Change Absolute Gondal Groundnut Cake 26500 -500 Gondal Groundnut DOC 40% 23000 -1000 Gondal Groundnut DOC 45% 26000 -1000 nnbsp;
Mentha Oil in Sambhal Physical Market Trading Weak
At Sambhal market , Mentha Oil is trading weak at Rs. 1005 per Kg, lower by 0.5 per cent from previous trading day. Arrivals were reported at 100 Drums(1-drum=180kg), up by 50 Drums(1-drum=180kg) from previous trading day. Mentha DMO is offered lower at Rs. 710 per Kg, down by 0.7 per cent as compared to previous day. Mentha Flakes at Sambhal market is quoted lower at Rs. 1045 per Kg, lower by 0.19 per cent as against previous day. Mentha Crystal at Sambhal market is offered lower at Rs. 1085 per Kg, lower by 0.46 per cent from previous trading day. Mentha Oil in Sambhal Market (Prices in Rs. per Kg) Market Commodity/Variety Price Change Absolute Sambhal Mentha Oil 1005 -5 Sambhal Mentha DMO 710 -5 Sambhal Mentha Flakes 1045 -2 Sambhal Mentha Crystal 1085 -5 nnbsp;
Haryana: Bt Cotton in Physical Market Trading Unchanged
At Bhiwani market in Haryana, B.T Cotton Narma is trading at Rs. 4500 quintal, unchanged as compared to previous close. B.T Cotton at Adampur market is offered at Rs. 4700 quintal, unchanged against previous close. Bt Cotton in Haryana Market (Prices in Rs. quintal) Market Commodity/Variety Price Change Absolute Bhiwani B.T Cotton Narma 4500 0 Adampur B.T Cotton 4700 0 nnbsp;
Sri Ganganagar: Cotton Trading Steady in Physical Market
At Sri Ganganagar market , Cotton J-34 is trading at Rs. 3384 Maund, unchanged as compared to previous close. Cotton in Sri Ganganagar Market (Prices in Rs. Maund) Market Commodity/Variety Price Change Absolute Sri Ganganagar Cotton J-34 3384 0 Note: The above mentioned prices are in Rs. Maund and arrivals are in quintal.
Mentha Oil Physical Market Trading with a Weak in Rampur
At Rampur market , Mentha Oil is trading lower at Rs. 1005 per Kg, down by 1.47 per cent from previous trading day. Estimated market supply was at 5 Drums(1-drum=180kg), unchanged as compared to previous dayn#39;s arrival. Mentha Oil in Rampur Market (Prices in Rs. per Kg) Market Commodity/Variety Price Change Absolute Rampur Mentha Oil 1005 -15 Note: The above mentioned prices are in Rs. per Kg and arrivals are in Drums(1-drum=180kg).
Mentha Oil in Physical Market Trading Lower in Barabanki
At Barabanki market , Mentha Oil is trading weak at Rs. 970 per Kg, down by 2.02 per cent as compared to previous day. Arrivals were reported at 300 Drums(1-drum-180kg), steady as against previous dayn#39;s arrival. nnbsp; Mentha Oil in Barabanki Market (Prices in Rs. per Kg) Market Commodity/Variety Price Change Absolute Barabanki Mentha Oil 970 -20 Note: The above mentioned prices are in Rs. per Kg and arrivals are in Drums(1-drum-180kg).
Jeera(Cumin Seed) in Anandpur Kalu(Raj.) Physical Market Trading Steady
At Anandpur Kalu(Raj.) market in Pali(Raj.), Jeera(Cumin Seed) Loose is trading at Rs. 11000-14500 per quintal, steady as against previous close. Jeera(Cumin Seed) in Pali(Raj.) Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Anandpur Kalu(Raj.) Jeera(Cumin Seed) Loose 11000-14500 0 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in quintals.
Jeera (Cumin Seed) in Spot Market Opened Lower in Mehsana
At Unjha market in Mehsana , Jeera(Cumin Seed) Loose started weak at Rs. 14250 per quintal, lower by 1.72 per cent from previous trading day. Estimated market supply was at 3000 quintals, steady as against previous dayn#39;s arrival. Jeera(Cumin Seed) NCDEX started the day lower at Rs. 14750 per quintal, down by 1.67 per cent against previous trading day. Jeera(Cumin Seed) Machine Cut at Unjha market started the day lower at Rs. 16250 per quintal, down by 1.52 per cent as against previous day.
Base Metal:Copper plunges to 5-yr low on demand worries, higher stockpiles
Copper plunges to five-year low on afternoon trades Friday on demand concerns from Euro-zone and China and on higher stockpiles of the metal, said analysts.
"Base metals were down on global demand worries and on higher supply," said Priyanka Jhaveri an analyst with Kotak Commodities.
Base metals were down on demand worries from Euro-zone following weaker than expected industrial production activity in Germany, the biggest metal consumer in Euro-zone, said analysts.
Germany industrial production s.a for month of June fell unexpectedly to 1.4% compared to analysts' expectation of 0.4% gain and 0.0% a month ago, government data showed.
Germany imports for month of June dropped 0.5% compared to consensus estimation of 0.5% growth and 0.7% growth a month ago while exports dropped 1% compared to analysts forecast of 0.5% decline and 1.6% expansion a month ago, government data showed.
Prices of base metals were also down on growing fears about China's slowing economic growth. Traders worry that contracting manufacturing activity and falling home prices will translate into reduced demand for the metal.
China services PMI came at 53.8 in July compared to 51.9 a month ago, a survey by Caixin/Markit Economics showed.
A reading above 50 points indicates growth on a monthly basis, while one below that points to a 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 prices were also supported after jumped to highest since January 2014 and inventories rose a eighth day on London Metal Exchange (LME), indicating oversupply woes, said analysts.
Copper stockpiles jumped by 725 tons to 352,325 tons, LME data showed.
Base metals were also down as investors are caution ahead of United States, the second biggest metal consumer, Non-Farm payrolls data due later in the day today.
Upbeat Non-farm data will fuel expectation of September rate hike which in turn may lift US Dollar higher and drag down commodities in general.
On Tuesday, Dennis Lockhart, Federal Reserve President of Atlanta expressed his support for an interest rate hike in September.
Lockhart, a voting member of Federal Open Market Committee this year, said to Wall Street Journal that it would take 'significant deterioration' in the United States economy for him not to support a September rate hike.
In its latest policy review last month, the central bank reiterated its resolve to hike rates later this year as the economy was poised for expansion and labour market was expected to improve further. A pick-up in US economy, the world's biggest, augurs well for emerging market especially for exporting companies.
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'.
Copper for August delivery dropped 0.26% to Rs 330.30 per kilograms on the MCX.
Lead for August delivery slipped 0.60% to Rs 108.25 per kilograms on the MCX, its lowest level since July 31.
Prices of zinc for August delivery plunged 0.29% to Rs 118.60 per kilograms on the MCX, its lowest level since April 2, 2014.
Nickel for August delivery dropped 0.22% to Rs 692.60 per kilograms on the MCX, its lowest level since July 7.
However, prices of aluminium traded flat in afternoon trades Friday on short covering and on higher supply, said analysts,
Prices of the aluminium were supported as investors bought back oversold position after prices plunged to two-year low on Thursday, said analysts.
On Thursday, aluminium for August delivery plunged 0.34% to Rs100.55 per kilograms on the MCX, its lowest since May 16, 2013.
However, sharp gain in the metal prices was cushioned by higher supply of that metal from China, said analysts.
China's exports of primary aluminium rose to 20,412 tons in the first six months of the year, a surge of 66% from the same period a year ago while exports of semi-finished aluminium products jumped by 44% to 2.22 million tons.
Meanwhile it is estimated that global inventories are at about 14 million tons.
Aluminium for August delivery fell 0.05% to Rs 100.50 per kilograms on the MCX. The metal prices traded as high as at Rs 100.80 per kilograms on the MCX.
TNS STOCKS: Fall Fri on Fed rate hike fear ahead of NFP data; BHEL slumps
Indian shares declined in afternoon trades Friday as investors feared a probable rate hike in September after strong United States jobless claims amid weak earnings from Bharat Heavy Electricals.
Global risk appetite dropped as investors awaited non farm payrolls data for the month July, which might indicate a probable rate hike in September.
Thursday, jobless claims declined more than expected, sparking fears of a September rate hike.
Jobless claims came at 270,000 for the week ended Jul 31 lower than analysts' estimate of 273,000 and 267,000 a week ago, a government data showed.
On Tuesday, Dennis Lockhart, Federal Reserve President of Atlanta expressed his support for an interest rate hike in September.
Lockhart, a voting member of Federal Open Market Committee this year, said to Wall Street Journal that it would take 'significant deterioration' in the United States economy for him not to refrain from supporting a September rate hike.
In its latest policy review last month, the central bank reiterated its resolve to hike rates later this year as the economy was poised for expansion and labour market was expected to improve further. A pick-up in US economy, the world's biggest, augurs well for emerging market especially for exporting companies.
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'.
Meanwhile, shares also fell after heavyweight index component Bharat Heavy Electricals posted weak first quarter earnings.
BHEL posted first quarter profit of Rs 338.9 million compared to Rs 1.93 billion in the same period a year ago.
Meanwhile, sales slumped to Rs 42.08 billion from Rs 50.67 billion in the same period a year ago.
Meanwhile, locally investors also focused on corpus funds coming in from the state run retirement fund after it said that it would invest nearly Rs 50 billion in the equity markets this fiscal.
The Employees' Provident Fund Organisation (EPFO) will allocate Rs 50 billion in the present fiscal for exchange traded funds that track the country's two main share indexes, but could increase that to as much as Rs 70 billion to Rs 80 billion, fund commissioner K.K.Jalan.
Yesterday, Central Provident fund Commissioner, K.K. Jalan said that to begin with, EPFO will invest in two exchange traded funds, one built around the Nifty index of the National Stock Exchange and another around BSE's Sensex. Going forward, it may diversify its basket of ETFs.
According to a decision by the central board of EPFO, the retirement fund manager will invest up to 5% of its incremental corpus in ETFs in the current financial year. In other words, between 6 August and 31 March 2016, EPFO will pump in between Rs 50 billion and Rs 60 billion in the stock market.
At 1:50PM, India's benchmark index, the S&P BSE Sensex declined 0.30% to 28,215.80 on the Mumbai stock exchange. The measure opened at 28,327.11 compared to previous close of 28,298.13.
The 50-share Nifty slipped 0.33% to 8,560.80 on the National Stock exchange. The measure opened at 8,580.80 compared to previous close of 8,588.65.
Overseas investors net bought Rs 4.48 billion worth local shares Thursday, provisional data from the stock exchanges showed.
The following stocks/sectors recorded significant movement on the stock exchanges today:
Bombay Dyeing & Manufacturing Company Ltd: The flagship company of Wadia Group, slipped 6.1% to Rs 81.65 after reporting net loss in the fiscal first quarter on higher finance costs and weak sales.
IVRCL Ltd: A Hyderabad based company, spurted 1.8% to Rs 12.03 Friday after the company announced that it has allotted shares to lenders in accordance to the restructuring agreement.
Jaypee Infratech Ltd: A local infrastructure development and real estate company, slumped 6.6% to Rs 14.75 after fiscal first quarter net profit dropped 43.2% on weak sales and higher finance costs.
Mangalore Chemicals & Fertilizers Ltd: A Bangalore-based fertilizer company, fell 2.55% to Rs 59.15 Friday after fiscal first quarter net loss widened on one-time cost.
Sun Pharmaceuticals Ltd: India's biggest drugmaker, gained 0.65% to Rs 852after its Israel unit Taro posted strong earnings for the first quarter.
Uflex Ltd: A local packaging company, jumped 3.7% to Rs 181.60 after the company said that fiscal first quarter group profit climbed 22% on strong sales.
Vedanta Ltd: The flagship company of Anil Agarwal led Vedanta Resources Plc, climbed 1.7% to Rs 129 on talk to restart iron ore mining operations at the Codli mines in Goa next week.
Future Retail Q1 net profit slips 91% on higher costs; Shares dn
Future Retail Ltd, the flagship company of Kishore Biyani owned Future group, Friday said fiscal first quarter net profit slipped 90.8% on higher finance costs and higher expenses. Shares of the company fell.
Net profit fell to Rs 61 million in the three months ended June 30 compared to Rs 665 million in the same period a year ago, Future Retail said in a statement to the stock exchanges today.
Net sales of the company jumped 22.8% to Rs 28.46 billion while other income surged 10.14% to Rs 92.3 million in the Apr-Jun quarter.
The company's finance costs rose 6.2% to Rs 1.51 billion in the first quarter while total expenses climbed 22.2% to Rs 27.48 billion in the quarter.
At 1:55PM, Future Retail fell 2.7% to Rs 125 on the Mumbai stock exchange. The 30-share Sensex index fell 0.18% to 28,247.60.
LME base metals inventory - Aug 7 - Table
Inventories of base metals, in tonnes, on the London Metal Exchange Friday:
----inventory----
Aug 7 Aug 6 change chg in pct
copper 352,325 351,600 725 0.21
aluminium 3,396,150 3,404,475 -8,325 -0.24
lead 210,075 212,800 -2,725 -1.28
zinc 428,325 429,650 -1,325 -0.31
nickel 456,678 458,490 -1,812 -0.40
tin 6,630 6,565 65 0.99
aluminium alloy 13,040 13,040 nil nil
aluminium alloy (NASAAC) 49,300 49,440 -140 -0.28
M&M Q1 net profit falls 3%; Shares climb as earnings beat estimates
Mahindra & Mahindra Ltd, the nation's biggest sports utility vehicle maker, said Friday fiscal first quarter net profit dropped 3.2% on weak sales. Shares rallied as profit and revenues beat consensus estimates.
Net profit of the maker of Scorpio SUV rose to Rs 8.52 billion in the three months ended Jun 30 compared to Rs 8.81 billion in the same period a year ago, the company said in statement to the stock exchanges today.
The automaker's net sales fell marginally by 2.9% to Rs 97.08 billion in the Apr-Jun period compared to Rs 100.06 billion in the corresponding period a year ago.
Total expenses of the Anand Mahindra unit fell nearly 3.7% to Rs 88.10 billion in the first quarter.
Automotive segment revenue of the Anand Mahindra-led group for the fiscal first quarter stood at Rs 62.59 billion compared to Rs 62.76 billion in the previous year while farm equipment sales fell to Rs 35.72 billion from Rs 38.93 billion in the same period.
"While the consumer demand remains weak, the better than expected rain received in the monsoon season thus far, provides room for optimism on this front as well," Mahindra & Mahindra said in the note.
The company's EBITDA margin expanded to 12.7% in Apr-Jun period from 12.4% a year ago compared to analysts' estimate of 11.4%
Shares gained as net profit of the company came better than expected. Consensus estimates expected the auto maker to post a first quarter profit to fall 11.4% to Rs 7.84 bln while revenue was expected fall 2.8% to Rs 99.73 billion in the same period.
Meanwhile, the company's consolidated net profits slipped 7.3% in the fiscal first quarter on weak sales and lower other income.
Group net profit dropped to Rs 8.31 billion in the three months ended Jun 30 compared to Rs 8.96 billion for the same period a year earlier.
The company's consolidated net sales slipped 3.8% to Rs 94.37 billion in the quarter while other income fell 19% to Rs 1.16 billion in the Apr-Jun period.
At 2:45PM, shares of Mahindra & Mahindra jumped 4.46% to Rs 1,255 on the Mumbai stock exchange.
GOLD UP DATES
| 1 | GOLD 1ST TARGET ACHIEVED | 07/08/2015 | 12:22:18 |
| 2 | BUY GOLD@24740 SL 24600 TARGET 24840/24940/25040 | 05/08/2015 | 17:31:10 |
India Oilseed Output Latest Soybean CY15 - 10.71 Mln Tn
Key Indian oilseeds annual output in million tonne for the crop year ending October. (Source: Solvent Extractors' Association of India, Ministry of Agriculture.)
soybean groundnut rapeseed sesame castor sunflower
& mustard
2014-15** 10.71 6.65 6.76 0.77 1.82 0.38
2013-14* 11.86 9.71 7.88 0.72 1.73 0.50
2012-13 14.67 4.70 8.03 0.69 1.96 0.54
2011-12 12.21 6.96 6.60 0.81 2.30 0.52
2010-11 12.74 8.27 8.18 0.89 1.35 0.65
2009-10 9.96 5.43 6.61 0.59 1.01 0.85
2008-09 9.91 7.17 7.20 0.64 1.17 1.16
2007-08 10.97 9.18 5.83 0.76 1.05 1.46
2006-07 8.85 4.86 7.44 0.62 0.76 1.23
2005-06 8.27 7.99 8.13 0.64 0.99 1.44
2004-05 6.87 6.77 7.59 0.67 0.79 1.19
2003-04 7.82 8.13 6.29 0.78 0.80 0.93
2002-03 4.65 4.12 3.88 0.44 0.43 0.87
2001-02 5.93 7.03 5.08 0.70 0.65 0.68
2000-01 5.28 6.41 4.19 0.52 0.88 0.65
1999-00 7.08 5.26 5.79 0.48 0.77 0.69
1998-99 7.14 8.98 5.67 0.53 0.84 0.94
1997-98 6.46 7.37 4.70 0.57 0.83 0.89
1996-97 5.38 8.64 6.66 0.60 0.89 1.27
** Third advance estimates for 2014-15 by agriculture ministry
* Final estimates for 2013-14 by agriculture ministry
IVRCL Infra jumps on allotting shares to CDR lenders
IVRCL Ltd, a Hyderabad based company, spurted Friday after the company announced that it has allotted shares to lenders in accordance to the restructuring agreement.
Thursday, IVRCL has issued 24.15 million shares of Rs 2/share, at issue price of Rs 24.39/share to CDR lenders as the restructuring agreement, the company said in a statement to the stock exchanges after market hours.
The allotment is towards conversion of the 4th tranche of FITL into equity, for the quarter ended June 30,2015.
At 11:40AM, shares of IVRCL advanced 2.7% to Rs 12.11 on the Mumbai stock exchange.
Pulses in Jaipur Physical Market Opened Weak
At Jaipur market , Chana Desi started the day weak at Rs. 4350 per quintal, down by 2.79 per cent as compared to previous day. Moong Desi started weak at Rs. 6100 per quintal, lower by 3.17 per cent from previous price level. Moth Local at Jaipur market opened lower at Rs. 6000 per quintal, lower by 4.76 per cent from previous dayn#39;s price level. Urad Local at Jaipur market opened at Rs. 6800 per quintal, steady as against previous close. Chawala Red at Jaipur market started the day at Rs. 3800 per quintal, steady against previous close. Pulses in Jaipur Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Jaipur Chana Desi 4350 -125 Jaipur Moong Desi 6100 -200 Jaipur Moth Local 6000 -300 Jaipur Urad Local 6800 0 Jaipur Chawala Red 3800 0 nnbsp;
Pulses in Jaipur Physical Market Opened Weak
At Jaipur market , Chana Desi started the day weak at Rs. 4350 per quintal, down by 2.79 per cent as compared to previous day. Moong Desi started weak at Rs. 6100 per quintal, lower by 3.17 per cent from previous price level. Moth Local at Jaipur market opened lower at Rs. 6000 per quintal, lower by 4.76 per cent from previous dayn#39;s price level. Urad Local at Jaipur market opened at Rs. 6800 per quintal, steady as against previous close. Chawala Red at Jaipur market started the day at Rs. 3800 per quintal, steady against previous close. Pulses in Jaipur Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Jaipur Chana Desi 4350 -125 Jaipur Moong Desi 6100 -200 Jaipur Moth Local 6000 -300 Jaipur Urad Local 6800 0 Jaipur Chawala Red 3800 0 nnbsp;
Mahindra & Mahindra, Tata Motors' Q1 net profit, margins to fall
Mahindra & Mahindra Ltd., India's biggest sports utility vehicle maker, and Tata Motors Ltd., the maker of the Jaguar-Land Rover luxury car, are expected to says profit fell in the fiscal first-quarter and operating profit margin narrowed.
Mahindra & Mahindra's margins are expected to be weak at 11.4% compared to 12.4% in the same period last year, Emkay Global said in a report.
The automaker is expected to report a 11% drop in net profit to Rs 7.84 billion while net sales are expected to fall 2.8% to Rs 99.73 billion in the quarter.
Meanwhile, Tata Motors is expected to report EBITDA margins at 15.2% in the first quarter compared to 18.2% in the same period last year, the report added.
The company's net profit is expected to fall 44.9% to Rs 29.36 billion while net sales is expected to drop 6.7% to Rs 603.3 billion in the first quarter.
At 11:15AM, Mahindra & Mahindra rose 1.21% to Rs 1,411.10 while Tata Motors climbed 1.50% to Rs 388.75 on the Mumbai stock exchange.The 30-share Sensex index rose 0.02% to 28,299.43.
Bombay Dyeing slips on reporting Q1 net loss on higher costs
: Bombay Dyeing & Manufacturing Company Ltd., the flagship company of Wadia Group, slipped after reporting net loss in the fiscal first quarter on higher finance costs and weak sales.
Net loss of the company stood at Rs 533.7 million in the three months ended Jun 30 compared to loss of Rs 536.3 million a year earlier and profit of Rs 1.78 billion a quarter ago, Bombay Dyeing said in a statement to the stock exchanges on Thursday after market hours.
The company's net sales slipped 27.4% to Rs 3.93 billion in the Apr-Jun period while finance cost climbed 15.5% to Rs 628 million in the quarter.
Other income of the company declined to Rs 40.2 million in the three months ended June compared to Rs 114.1 million a year earlier.
Revenue from textile segment declined 34.7% to Rs 878.9 million in the quarter while revenue from polyester slipped to Rs 2.74 billion from Rs 3.94 billion a year earlier.
At 11:35AM, Bombay Dyeing slipped 5.06% to Rs 82.60 on the Mumbai stock exchange.
TNS STOCKS:Sun Pharma spurts as unit Taro's Q1 profit surges over one-fold
Sun Pharmaceuticals Ltd, India's biggest drugmaker, gained Friday after its Israel unit Taro posted strong earnings for the first quarter.
Thursday, Taro said that its first quarter profit surged 125% to $103.6 million in the June quarter from $46 million in the same period a year ago.
Revenues in the quarter surged 65% to $215 million compared to 130.2 million in the same period a year ago.
However, sales volumes declined 10% as a result of increase in competitor activity in United States.
Parent Sun Pharma will unveil its first quarter earnings on Aug 11.
At 11PM, shares of Sun Pharma gained 0.77% to Rs 853 on the Mumbai stock exchange.
Uflex surges as Q1 group profit spurts 22% amid strong sales
Uflex Ltd, a local packaging company, jumped Friday after the company said that fiscal first quarter group profit climbed 22% on strong sales.
Group profit climbed to Rs 756 million in the Apr-Jun quarter from Rs 620 million in the same period a year ago.
Group sales jumped Rs 15.69 billion in the first quarter from Rs 14.95 billion in the same period a year ago.
Total expenses declined 3% to Rs 14.56 billion while finance costs dropped 4.2% to Rs 467.8 million in the same period a year ago.
At 11:25AM, shares of Uflex jumped 3.2% to Rs 180.80 on the Mumbai stock exchange.
(End)
Jeera(Cumin Seed) in Rajkot Physical Market Started the Day Weak
At Rajkot market in Rajkot(Guj.), Jeera(Cumin Seed) Loose started weak at Rs. 11000-14375 per quintal, lower by 2.14 per cent from previous dayn#39;s price level. Arrivals were reported at 200 quintal, up by 70 quintal as against previous day. Jeera(Cumin Seed) in Rajkot(Guj.) Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Rajkot Jeera(Cumin Seed) Loose 11000-14375 -315 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in quintal.
Red Chilli in Physical Market Began Steady in Khargone
At Bedia market in Khargone, Red Chilli No. 12 began at Rs. 11500-11800 per quintal, unchanged as compared to previous close. Red Chilli Indu 2070 started the day at Rs. 11500-12000 per quintal, steady against previous close. Red Chilli MICO (Teja) at Bedia market started at Rs. 12000 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 11500-11800 0 Bedia Red Chilli Indu 2070 11500-12000 0 Bedia Red Chilli MICO (Teja) 12000 0 nnbsp;
Steady Sentiment Witnessed in New Delhi Red Chilli Physical Market
At New Delhi market , Red Chilli Teja(Khamam) started at Rs. 11000-12000 per quintal, unchanged as compared to previous close. Red Chilli Pala 12 at New Delhi market started the day at Rs. 9500-9800 per quintal, unchanged as compared to previous close. Red Chilli 334 at New Delhi market opened at Rs. 9500-9800 per quintal, steady as against previous close. Red Chilli Fatki at New Delhi market started at Rs. 8000-8200 per quintal, steady against previous close. Red Chilli Packing at New Delhi market opened at Rs. 9500-9800 per quintal, unchanged as compared to 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) 11000-12000 0 New Delhi Red Chilli Pala 12 9500-9800 0 New Delhi Red Chilli 334 9500-9800 0 New Delhi Red Chilli Fatki 8000-8200 0 New Delhi Red Chilli Packing 9500-9800 0 nnbsp;
Gold trades flat ahead United States nonfarm payroll data, ETF outflows
Gold traded flat in morning trades Friday ahead of United States nonfarm payroll data which may give Federal Reserve's stance on interest rate hike and on weak investment demand, said analysts.
"Gold trades flat ahead of NFP data while ETF outflows showed weaker investor interest which put pressure on the prices," said Madhavi Mehta an analyst with Kotak Commodities.
Prices of the yellow metal were flat as investors are cautious ahead nonfarm payroll data unemployment rate data to be released later today.
United States jobless claims dropped indicating improving job scenario in the world's biggest economy.
Jobless claims came at 270,000 for the week ended Jul 31 lower than analysts' estimate of 273,000 and 267,000 a week ago, a government data showed.
On Tuesday, Dennis Lockhart, Federal Reserve President of Atlanta expressed his support for an interest rate hike in September.
Lockhart, a voting member of Federal Open Market Committee this year, said to Wall Street Journal that it would take 'significant deterioration' in the United States economy for him not to support a September rate hike.
In its latest policy review last month, the central bank reiterated its resolve to hike rates later this year as the economy was poised for expansion and labour market was expected to improve further. A pick-up in US economy, the world's biggest, augurs well for emerging market especially for exporting companies.
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'.
However, subdued investment demand following sharp drop in SPDR Gold Trust holding put pressure on the yellow metal prices , said analysts.
Holdings of SPDR Gold Trust, the world's biggest gold-backed exchange-traded fund, fell to 667.93 tons on Thursday compared to 670.62 tons on Wednesday, its lowest level since September 2008.
At 10:50AM gold for October delivery rose 0.09% to Rs 24,762 per 10 grams on the MCX. The yellow metal traded as high as at Rs 24,739 per 10 grams on the MCX.
Jaypee Infratech slips as Q1 net profit drops 43% on weak sales
By GuruvaishnaviJaypee Infratech Ltd., a local infrastructure development and real estate company, slipped after fiscal first quarter net profit dropped 43.2% on weak sales and higher finance costs.
Net profit fell to Rs 260.9 million in the three months ended Jun 30 compared to Rs 459.6 million in the corresponding period a year earlier, Jaypee Infratech said in a statement to the stock exchanges on Thursday after market hours.
The company's net sales slipped 27% to Rs 5.13 billion in the Apr-Jun period while finance costs climbed 9% to Rs 2.3 billion in the quarter from Rs 2.11 billion a year ago.
Other income of the company declined 72% to Rs 10.5 million in the first quarter.
At 10:50AM, Jaypee Infratech slipped 6% to Rs 14.85 on the Mumbai stock exchange.
Crude may snap 2-day fall Fri lower US inventories, short-covering
Crude oil prices are likely to snap two-day fall in opening session Fri on falling United States stockpile and as investors may cover short positions at lower level, analysts said.
"Lower US inventories and lower level buying which will push the prices,"
US oil inventories rose by 2.4 million barrels to 459.6 million barrels for week ended Jul 31 against analysts' expectation for an increase by 1.1 million barrels, data by American Petroleum Institute (API) showed.
US oil inventories rose by 4.2 million barrels to 463.9 million barrels for week ended Jul 31 against analysts' expectation for an increase by 1.2 million barrels, data by Energy Information Association (EIA) showed.
Crude oil prices were also supported on short-covering after prices fell to over four-month low, analysts said.
Domestic crude oil prices fell by more than 3% to Rs 2,847 per barrel in past two straight trading sessions, its lowest level since Mar 19 on weak demand from global markets and increasing supplies from OPEC, analysts said.
Crude oil may also be supported after United States jobless claims dropped indicating improving job scenario in the world's biggest economy.
Jobless claims came at 270,000 for the week ended Jul 31 lower than analysts' estimate of 273,000 and 267,000 a week ago, a government data showed.
West Texas Intermediate, the US benchmark, for September delivery slumped1.09% to $44.66 a barrel on the New York Mercantile Exchange Thursday.
Brent, European benchmark for September contract fell 0.14% to $49.52 per barrel, on the London-based ICE Futures Europe Exchange Thursday.
Crude oil for August delivery fell 1.45% to Rs 2,847 per barrel, at the closing of trades Thursday on Multi-Commodity Exchange (MCX).
Crude oil prices for August delivery are likely to find support at Rs 2,787 per barrel and resistance at Rs 2,925 per barrel today on Multi-Commodity Exchange (MCX).
Seen flat ahead of NFP data; Q1 earnings, parliament session eyed
Indian shares are expected to open lower ahead of United States nonfarm payroll data which may give Federal Reserve's stance on interest rate hike amid parliament session and earnings eyed.
"Indian markets are expected to open negative tracking SGX Nifty," Angel Broking said in a report.
A government data will release employment data and unemployment rate data later today.
United States jobless claims dropped indicating improving job scenario in the world's biggest economy.
Jobless claims came at 270,000 for the week ended Jul 31 lower than analysts' estimate of 273,000 and 267,000 a week ago, a government data showed.
On Tuesday, Dennis Lockhart, Federal Reserve President of Atlanta expressed his support for an interest rate hike in September.
Lockhart, a voting member of Federal Open Market Committee this year, said to Wall Street Journal that it would take 'significant deterioration' in the United States economy for him not to support a September rate hike.
In its latest policy review last month, the central bank reiterated its resolve to hike rates later this year as the economy was poised for expansion and labour market was expected to improve further. A pick-up in US economy, the world's biggest, augurs well for emerging market especially for exporting companies.
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'.
Locally, investors will keep close watch on key earnings by apex companies and progress of parliament session.
Mahindra & Mahindra, Tata Motors, Bharat Heavy Electricals, Grasim, Sobha and others will unveil their first quarter earnings later today.
Nifty Put Call Ratio and Open Interest have increased to 1.50 from 1.10.
Rise in the ratio may be due to increase in Put Option of 8,200 and decrease in Call Option of 8,500.
Put Option of 8,500 and Call Option of 8,700 are highest number of contracts traded.
On Thursday, India's benchmark index, the S&P BSE Sensex rose 0.42% to 28,343.16 on the Mumbai stock exchange.
The 50-share Nifty gained 0.044% to 8,605.15 on the National Stock exchange.
Asian markets traded mixed with Hong Kong's Hang Seng index climbing 0.74% to 24,556.76 and Singapore's Straits Times index gaining 0.17% to 3,196.66.
China's Shanghai Composite index dropped 0.88% to 3,662 and Japan's Nikkei fell 0.28% to 20,606.74.
Nifty futures for August dropped 0.28% to 8,589.50 in Singapore.
Overseas investors net bought Rs 4.48 billion worth local shares Thursday, provisional data from the stock exchanges showed.
Fluctuate Fri on strong US jobs data; NFP data, Q1 earnings eyed
Indian shares fluctuated in opening trades Friday as investors worried amid strong United States jobless claims data amid caution ahead of first quarter earnings of heavyweight companies.
United States jobless claims dropped indicating improving job scenario in the world's biggest economy.
Jobless claims came at 270,000 for the week ended Jul 31 lower than analysts' estimate of 273,000 and 267,000 a week ago, a government data showed.
Meanwhile, investors also remained on the sidelines ahead of the first quarter earnings of apex companies including Tata Motors and Mahindra and Mahindra Ltd.
At 9:30AM, India's benchmark index, the S&P BSE Sensex declined 0.11% to 28,320.33 on the Mumbai stock exchange. The measure opened at 28,327.11 compared to previous close of 28,298.13.
The 50-share Nifty slipped 0.01% to 8,588.90 on the National Stock exchange. The measure opened at 8,580.80 compared to previous close of 8,588.65.
Gold Outlook: May fall Fri on strong dollar, ETF outflows
: Gold may fall in opening trades Friday after the dollar strengthened against other currencies and on subdued investment demand following exchange trade fund (ETF) outflows, said analysts.
"Gold prices will be down strong dollar and on subdued investment demand," said Ajay Kumar Kedia an analyst with Kedia Commodities.
Prices of the yellow metal will be under pressure as strong dollar against other currencies dents inventors' appetite for dollar denominated commodities, said analysts.
At 9:30AM dollar index, which measures the strength of greenback against its six major trading partners, rose 0.08% to 97.88.
Prices of the yellow metal will also be down on subdued investment demand following sharp drop in SPDR Gold Trust holding, said analysts.
Holdings of SPDR Gold Trust, the world's biggest gold-backed exchange-traded fund, fell to 667.93 tons on Thursday compared to 670.62 tons on Wednesday, its lowest level since September 2008.
Gold prices will also be under pressure ahead of United States nonfarm payroll data which may give Federal Reserve's stance on interest rate hike, said analysts.
United States jobless claims dropped indicating improving job scenario in the world's biggest economy.
Jobless claims came at 270,000 for the week ended Jul 31 lower than analysts' estimate of 273,000 and 267,000 a week ago, a government data showed.
On Tuesday, Dennis Lockhart, Federal Reserve President of Atlanta expressed his support for an interest rate hike in September.
Lockhart, a voting member of Federal Open Market Committee this year, said to Wall Street Journal that it would take 'significant deterioration' in the United States economy for him not to support a September rate hike.
In its latest policy review last month, the central bank reiterated its resolve to hike rates later this year as the economy was poised for expansion and labour market was expected to improve further. A pick-up in US economy, the world's biggest, augurs well for emerging market especially for exporting companies.
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'.
On Thursday, gold for October delivery at the close of trades rose 0.39% to Rs 24,788 per 10 grams on the MCX.
Gold prices slipped 0.26% to $ 1,087.40 per ounce on the Comex exchange.
On Thursday, at the closing of trades Comex gold for October delivery rose 0.41% to $1,090.20 per ounce on the retreating US dollar and a tumble in global equities as traders awaited US employment data.
Investors are playing it cautious ahead of the monthly jobs report Friday, which could have a significant impact on the outlook for interest rates, said analysts.
MCX gold prices are likely to find support at Rs 24,571 per 10 grams while resistance is seen at Rs 24,957 per 10 grams today.
Comex gold prices are likely to find support at $1,083.90 per ounce while resistance is seen at $ 1,094.40 per ounce today.
NSE TIPS
| 1 | BUY DIVIS LAB @2017 SL 1980 TARGET 2050/2080/2150 5-6DAYS | 07/08/2015 | 09:27:40 |
| 2 | BUY JSW STEEL 910-915 SL 898 TARGET 930/945 | 07/08/2015 | 09:23:51 |
Thursday 6 August 2015
Maharashtra Pulses Physical Market Closed Strong
At Jalna market in Maharashtra, Tur Red closed high at Rs. 7000-7500 per quintal, up by 4.17 per cent from previous trading day. Estimated market supply was at 25 quintals, up by 15 quintals as compared to previous day. Tur White closed strong at Rs. 7000-7800 per quintal, higher by 4 per cent against previous trading day. Chana Gauran at Jalna market closed lower at Rs. 4350 per quintal, lower by 2.25 per cent as against previous day. Total market arrivals are at 10 quintals, down by 15 quintals as compared to previous day. Chana Pila at Jalna market ended lower at Rs. 4450 per quintal, lower by 3.26 per cent as compared to previous day. Todayn#39;s arrivals are at 10 quintals, down by 15 quintals as compared to previous day. nnbsp; Pulses in Maharashtra Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Jalna Tur Red 7000-7500 +300 Jalna Tur White 7000-7800 +300 Jalna Chana Gauran 4350 -100 Jalna Chana Pila 4450 -150 nnbsp;
Mentha Oil in Physical Market Trading Strong in Bareilly
At Bareilly market , Mentha Oil is trading high at Rs. 960 per Kg, up by 1.05 per cent as compared to previous day. Estimated market supply was at 1 Drums(1-drum-180kg), unchanged as compared to previous dayn#39;s arrival. Mentha Oil in Bareilly Market (Prices in Rs. per Kg) Market Commodity/Variety Price Change Absolute Bareilly Mentha Oil 960 +10 nnbsp; Note: The above mentioned prices are in Rs. per Kg and arrivals are in Drums(1-drum-180kg).
End at fresh 2-week high on EPFO starts buying;L&T,Dr Reddy's gain
: Indian shares ended at highest level in two-weeks after the labour minister said that the Employees' Provident Fund Orgatinsation would invest additional funds into equities next year. Larsen & Toubro and Dr Reddy's gained the most among the index components.
"EPFO entering the stock markets has boosted the investors' sentiments which can be seen in today's trade," said K K Mital, head-portfolio management services at Venus Capital Management Inc.
Labour Minister Bandaru Dattatreya today said that the retirement fund could invest more into local equities in the next fiscal year beginning April, by raising current limit set at 5% of total investable assets.
The EPFO has debuted in the stock markets today, set to bring in Rs 60 billion worth funds.
Central Provident fund Commissioner, K.K. Jalan said that to begin with, EPFO will invest in two exchange traded funds, one built around the Nifty index of the National Stock Exchange and another around BSE's Sensex. Going forward, it may diversify its basket of ETFs.
According to a decision by the central board of EPFO, the retirement fund manager will invest up to 5% of its incremental corpus in ETFs in the current financial year. In other words, between 6 August and 31 March 2016, EPFO will pump in between Rs 50 billion and Rs 60 billion in the stock market.
The EPFO plans to commence investing in local shares with an initial corpus of Rs 50 billion on Aug 6 and has tied up with SBI Mutual Fund to manage the process.
However, sharp rise in the key indices were capped after strong services data from United States and comments from the Federal official triggered fear that the Federal Reserve may hike rates in September.
Another data by Markit showed, non-manufacturing PMI came at 55.7 in July compared to 55.2 in June.
United States services PMI came at 60.3, its highest level since Aug 2005 in July, compared to 56 a month earlier, data release by the Institute for Supply Management (ISM) showed.
On Tuesday, Dennis Lockhart, Federal Reserve President of Atlanta expressed his support for an interest rate hike in September.
Lockhart, a voting member of Federal Open Market Committee this year, said to Wall Street Journal that it would take 'significant deterioration' in the United States economy for him not to support a September rate hike.
In its latest policy review last month, the central bank reiterated its resolve to hike rates later this year as the economy was poised for expansion and labour market was expected to improve further. A pick-up in US economy, the world's biggest, augurs well for emerging market especially for exporting companies.
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".
India's benchmark index, the S&P BSE Sensex rose 0.42% to 28,343.16 on the Mumbai stock exchange. The measure opened at 28,291.88 compared to previous close of 28,223.08.
The 50-share Nifty gained 0.044% to 8,605.15 on the National Stock exchange. The measure opened at 8,585.80 compared to previous close of 8,567.95.
Overseas investors net bought Rs 4.48 billion worth local shares Wednesday, provisional data from the stock exchanges showed.
The following stocks/sectors recorded significant movement on the stock exchanges today:
Drugmakers: Dr Reddy's Laboratories Ltd, India's second biggest drugmaker,and others spurted after global brokerage house CLSA said that the shift to complex drug will drive to re-rating.
Shares of Dr Reddy's climbed 1.8% to Rs 4,270.10 while shares of Lupin spurted 1.4% to Rs 1,703.15 and shares of Aurobindo Pharma advanced 3.14% to Rs 787.70 on the Mumbai stock exchange.
Arvind Ltd: The owner of brands like 'Flying Machine' and 'Arrow', Thursday said fiscal first quarter consolidated profit fell 36% on higher finance costs and one-time cost.
Bajaj Electricals Ltd: A maker of fans and other household appliances, Thursday said fiscal first quarter net profit rose more than two-fold on robust sales and higher other income. Shares of the company jumped.
Dr Reddy's Laboratories Ltd: India's second largest drugmaker, surged to a fresh record high Thursday after the company unveiled its expansion plans and has inked a strategic collaboration with Amgen. Shares advanced.
Mahanagar Telephone Nigam Ltd: A state owned mobile service provider, spurted on talk that government may compensate it for surrendering CDMA spectrum.
Motherson Sumi Systems Ltd: India's biggest maker of automotive rear view mirrors, Thursday said fiscal first quarter consolidated profit rose 62% on higher sales. Shares of the company fell.
Nestle Ltd: The local unit of the Switzerland's biggest food company, slipped after the food safety regulatory denied giving Maggi a clean chit despite an all clear from testing labs in Goa and Mysore.
Rolta India Ltd: A software solutions company, surged after it won smart city and 3D mapping with city modelling projects in the Middle East for $15 million.
Salzer Electronics Ltd: A unit of Salzer Group, declined after Merrill Lynch Capital Markets Espana SA SV and Larsen & Toubro Ltd sold stake in the company.
Siemens Ltd: A local unit of the world's biggest power equipment maker, jumped to record high Thursday after fiscal third quarter net profit surged over ten folds on higher sales and other income. Shares rose.
Tata Global Beverages Ltd: The biggest tea producer in India, Thursday said fiscal first quarter consolidated profit slumped 15.3% on exceptional cost and lower other income.
Jaggery(Gur) Physical Market Trading with a Firm Note in Muzaffarnagar
At Muzaffarnagar market , Jaggery(Gur) Chaku-Gila-gur is trading firm at Rs. 2500 per quintal, up by 4.17 per cent as compared to previous day. Jaggery(Gur) Chaku Sukha-gur(Cold) at market is offered firm at Rs. 2600 per quintal, higher by 6.12 per cent against previous trading day. Jaggery(Gur) Rascut(Fresh) at market is quoted firm at Rs. 2688 per quintal, higher by 3.38 per cent from previous day. Jaggery(Gur) Laddoo(Fresh) at market is offered high at Rs. 2600 per quintal, up by 0.97 per cent from previous dayn#39;s price level. Jaggery(Gur) in Muzaffarnagar Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Muzaffarnagar Jaggery(Gur) Chaku-Gila-gur 2500 +100 nnbsp; Jaggery(Gur) Chaku Sukha-gur(Cold) 2600 +150 nnbsp; Jaggery(Gur) Rascut(Fresh) 2688 +88 nnbsp; Jaggery(Gur) Laddoo(Fresh) 2600 +25 nnbsp;
Erode: Turmeric in Physical Market Finished Steady
At Erode market , Turmeric Finger ended at Rs. 7100-7400 per quintal, unchanged as compared to previous close. Arrivals were reported at 8000 quintals, unchanged as compared to previous dayn#39;s arrival. Turmeric Gattah ended at Rs. 6900-7100 per quintal, unchanged against previous close. Turmeric Sellem at Erode market finished at Rs. 7400-7900 per quintal, unchanged as compared to previous close. Turmeric in Erode Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Erode Turmeric Finger 7100-7400 0 Erode Turmeric Gattah 6900-7100 0 Erode Turmeric Sellem 7400-7900 0 nnbsp;
Nagpur: Soybean in Physical Market Trading Higher
At Nagpur market , Soybean Plant is trading strong at Rs. 3200-3250 per quintal, up by 1.56 per cent as against previous day. Soybean Mandi is offered at Rs. 3100-3200 per quintal, steady against previous close. Arrivals were reported at 25000 Bags, unchanged as compared to previous dayn#39;s arrival. Soybean in Nagpur Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Nagpur Soybean Plant 3200-3250 +50 Nagpur Soybean Mandi 3100-3200 0 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in Bags.
Sugar Physical Market in Muzaffarnagar Trading with Firm Sentiment
At Muzaffarnagar market , Sugar M-31(Khatauli) is trading strong at Rs. 2580 per quintal, up by 4.67 per cent from previous trading day. Sugar M-31((Deoband) is offered high at Rs. 2475 per quintal, up by 4.87 per cent against previous trading day. Sugar Nanauta at Muzaffarnagar market is quoted strong at Rs. 2400 per quintal, up by 11.63 per cent as against previous day. Sugar Morna at Muzaffarnagar market is offered firm at Rs. 2400 per quintal, up by 11.63 per cent from previous trading day. Sugar Sehora at Muzaffarnagar market is trading high at Rs. 2425 per quintal, higher by 7.78 per cent from previous trading day. Sugar in Muzaffarnagar Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Muzaffarnagar Sugar M-31(Khatauli) 2580 +115 Muzaffarnagar Sugar M-31((Deoband) 2475 +115 Muzaffarnagar Sugar Nanauta 2400 +250 Muzaffarnagar Sugar Morna 2400 +250 Muzaffarnagar Sugar Sehora 2425 +175 At Muzaffarnagar market , Sugar Ramala is trading high at Rs. 2400 per quintal, higher by 11.63 per cent as against previous day. Sugar SHYAMLI(M-31) is offered high at Rs. 2560 per quintal, higher by 9.17 per cent as against previous day. Sugar TIKOLA(M-31) at Muzaffarnagar market is quoted strong at Rs. 2600 per quintal, up by 9.7 per cent as against previous day. Sugar MONNET(M-31) at Muzaffarnagar market is offered at Rs. 2335 per quintal, unchanged as compared to previous close. Sugar in Muzaffarnagar Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Muzaffarnagar Sugar Ramala 2400 +250 Muzaffarnagar Sugar SHYAMLI(M-31) 2560 +215 Muzaffarnagar Sugar TIKOLA(M-31) 2600 +230 Muzaffarnagar Sugar MONNET(M-31) 2335 0 nnbsp;
Duggirala: Turmeric in Physical Market Ended Strong
At Duggirala market , Turmeric Bulb finished strong at Rs. 6000-6980 per quintal, up by 0.14 per cent from previous trading day. Total arrivals are at 339 quintals, higher by 44 quintals from previous trading day. Turmeric Funger finished strong at Rs. 6000-6980 per quintal, higher by 0.14 per cent against previous trading day. unchanged as compared to previous dayn#39;s arrival. Turmeric in Duggirala Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Duggirala Turmeric Bulb 6000-6980 +10 Duggirala Turmeric Funger 6000-6980 +10 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in quintals.
Warangal: Turmeric in Physical Market Began Steady
At Warangal market , Turmeric Finger began at Rs. 7100-7200 per quintal, unchanged as compared to previous close. Estimated market supply was at 150 bags, down by 50 bags from previous trading day. Turmeric Rounds began at Rs. 7100-7200 per quintal, steady against previous close. unchanged as compared to previous dayn#39;s arrival. Turmeric in Warangal Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Warangal Turmeric Finger 7100-7200 0 Warangal Turmeric Rounds 7100-7200 0 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in bags.
Red Chilli in New Delhi Physical Market Started the Day Steady
At New Delhi market , Red Chilli Teja(Khamam) started at Rs. 11000-12000 per quintal, unchanged as compared to previous close. Red Chilli Pala 12 at New Delhi market opened at Rs. 9500-9800 per quintal, steady as against previous close. Red Chilli 334 at New Delhi market started at Rs. 9500-9800 per quintal, steady as against previous close. Red Chilli Fatki at New Delhi market opened at Rs. 8000-8200 per quintal, steady against previous close. Red Chilli Packing at New Delhi market opened at Rs. 9500-9800 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) 11000-12000 0 New Delhi Red Chilli Pala 12 9500-9800 0 New Delhi Red Chilli 334 9500-9800 0 New Delhi Red Chilli Fatki 8000-8200 0 New Delhi Red Chilli Packing 9500-9800 0 nnbsp;
Coriander Seed in Physical Market Began Weak in Rajkot(Guj.)
At Gondal(Guj.) market in Rajkot(Guj.), Coriander Seed Badami opened weak at Rs. 9750-10250 per quintal, lower by 2.38 per cent from previous dayn#39;s price level. Traders reported arrivals at 300 quintals, steady as against previous dayn#39;s arrival. Coriander Seed Eagle started lower at Rs. 10000-10125 per quintal, lower by 1.22 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 9750-10250 -250 Gondal(Guj.) Coriander Seed Eagle 10000-10125 -125 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in quintals.
Jeera(Cumin Seed) in Gondal(Guj.) Physical Market Started Lower
At Gondal(Guj.) market in Rajkot(Guj.), Jeera(Cumin Seed) Loose started the day weak at Rs. 14500-15500 per quintal, down by 1.59 per cent as against previous day. Traders reported arrivals at 200 quintals, steady as against previous dayn#39;s arrival. Jeera(Cumin Seed) in Rajkot(Guj.) Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Gondal(Guj.) Jeera(Cumin Seed) Loose 14500-15500 -250 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in quintals.
NSE TIPS
| 1 | SELL HERO MOTORS@2660 SL 2710 TARGET 2610/2550/2500 | 06/08/2015 | 11:15:42 |
| 2 | SELL AXIS BANK@584-585 SL 590 TARGET 580/575/570 | 06/08/2015 | 11:15:00 |
Wednesday 5 August 2015
STOCKS: IGL Q1 net profit falls 10% on selling gas at lower price
Indraprastha Gas Ltd., a Delhi-based gas distributor, said fiscal first quarter profit fell 10% as it sold natural gas at lower prices owing to directives of the sector regulator.
Net profit fell to Rs 1.01 billion in three months ended Jun 30 from 1.14 billion in the corresponding period a year ago, Indraprastha Gas said in a statement to the stock exchanges.
Net sales rose 3% to Rs 8.99 billion in the period while EBITDA margin narrowed to 18% in the quarter compared to 20.6% in the corresponding period year ago.
Operating profit margin narrowed mainly owing to rise in cost of natural gas which the company's was unable to pass on to the consumers.
Cost of natural gas rose 5.53% to Rs 5.58 billion in ther quarter while net sales expanded merely 3%.
Indraprastha Gas fell 1% to Rs 479.80 at the close of trade on the National Stock Exchange.
SELL IGL@475-485 SL 500 TARGET 450/425/400
Mustard in Madhya Pradesh Physical Market.
At Bhind market in Madhya Pradesh, Mustard Seed closed at Rs. 3900-4000 per quintal, unchanged as compared to previous close. Estimated market supply was at 500 quintals, down by 200 quintals from previous dayn#39;s arrivals. Mustard Oil finished at Rs. 8300 per quintal, unchanged against previous close. Mustard Local at Dabra market ended at Rs. 3900-4000 per quintal, unchanged as compared to previous close. Arrivals were reported at 500 quintals, steady as against previous dayn#39;s arrival. Mustard Non-Condition at Morena market ended at Rs. 3900-4050 per quintal, steady as against previous close. Estimated market supply was at 400 quintals, unchanged as compared to previous dayn#39;s arrival. Mustard Condition at Morena market finished at Rs. 4350-4400 per quintal, steady against previous close. Mustard in Madhya Pradesh Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Bhind Mustard Seed 3900-4000 0 Bhind Mustard Oil 8300 0 Dabra Mustard Local 3900-4000 0 Morena Mustard Non-Condition 3900-4050 0 Morena Mustard Condition 4350-4400 0 nnbsp;
Ernakulum: Black Pepper in Physical Market Ended Lower
At Kochi market in Ernakulum, Black Pepper Ungarbled finished lower at Rs. 62600 per quintal, lower by 0.63 per cent from previous dayn#39;s price level. Traders reported arrivals at 20 tonnes, unchanged as compared to previous dayn#39;s arrival. Black Pepper Garbled ended lower at Rs. 65600 per quintal, down by 0.61 per cent against previous trading day. Arrivals were reported at 20 tonnes, unchanged as compared to previous dayn#39;s arrival. Black Pepper in Ernakulum Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Kochi Black Pepper Ungarbled 62600 -400 Kochi Black Pepper Garbled 65600 -400 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in tonnes.
Soybean in Rajasthan Physical Market Trading Strong
At Bundi market , Soybean Plant is trading high at Rs. 3100-3150 per quintal, higher by 0.8 per cent from previous trading day. Soybean Mandi is offered strong at Rs. 2950-3100 per quintal, higher by 5.08 per cent as compared to previous day. Traders reported arrivals at 100 Bags, up by 50 Bags from previous dayn#39;s arrivals. Soybean Plant at Baran market is quoted lower at Rs. 3050-3100 per quintal, down by 1.59 per cent from previous dayn#39;s price level. Soybean Mandi at Baran market is offered weak at Rs. 2900-2950 per quintal, lower by 4.84 per cent against previous day. Traders reported arrivals at 1000 Bags, down by 500 Bags as compared to previous day. Soybean Plant at Bhawani market is trading at Rs. 3100-3150 per quintal, unchanged from previous close. Soybean Mandi at Bhawani market is quoted at Rs. 3050-3100 per quintal, unchanged as compared to previous close. Trade sources reported arrivals at 600 Bags, lower by 100 Bags from previous trading day. Soybean in Rajasthan Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Bundi Soybean Plant 3100-3150 +25 Bundi Soybean Mandi 2950-3100 +150 Baran Soybean Plant 3050-3100 -50 Baran Soybean Mandi 2900-2950 -150 Bhawani Soybean Plant 3100-3150 0 Bhawani Soybean Mandi 3050-3100 0 nnbsp;
Kota: Coriander Seed in Physical Market Trading Steady
At Kota market , Coriander Seed Eagle is trading at Rs. 9000 per quintal, unchanged as compared to previous close. Coriander Seed Badami is offered at Rs. 8300-8400 per quintal, steady against previous close. Arrivals were reported at 1500 quintals, steady as against previous dayn#39;s arrival. Coriander Seed Eagle at Ramganj market is quoted strong at Rs. 8900-9100 per quintal, up by 1.11 per cent from previous dayn#39;s price level. Coriander Seed Badami at Ramganj market is offered high at Rs. 8300-8500 per quintal, higher by 1.19 per cent against previous day. Traders reported arrivals at 7000 quintals, higher by 2000 quintals from previous dayn#39;s arrivals. Coriander Seed Scotter at Ramganj market is trading at Rs. 10000-12000 per quintal, steady against previous close. Coriander Seed in Kota Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Kota Coriander Seed Eagle 9000 0 Kota Coriander Seed Badami 8300-8400 0 Ramganj Coriander Seed Eagle 8900-9100 +100 Ramganj Coriander Seed Badami 8300-8500 +100 Ramganj Coriander Seed Scotter 10000-12000 0 nnbsp;
Jeera(Cumin Seed) Physical Market in Jodhpur(Raj.) Trading with Steady Sentiment
At Jodhpur(Raj.) market in Jodhpur, Jeera(Cumin Seed) Loose is trading at Rs. 15000 per quintal, unchanged as compared to previous close. Traders reported arrivals at 100 quintals, down by 50 quintals as against previous day. Jeera(Cumin Seed) in Jodhpur Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Jodhpur(Raj.) Jeera(Cumin Seed) Loose 15000 0 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in quintals.
Gulbarga(Kalaburagi) Pulses Weak in Physical Market
At Gulbarga(Kalaburagi) market , Tur Red is trading weak at Rs. 8600 per quintal, down by 1.15 per cent from previous trading day. Estimated market supply was at 500 quintals, up by 200 quintals from previous dayn#39;s arrivals. Tur Fatka Dall is offered lower at Rs. 11200-11500 per quintal, down by 1.71 per cent from previous price level. Chana Annagiri at Gulbarga(Kalaburagi) market is quoted lower at Rs. 4900 per quintal, down by 1.01 per cent as against previous day. Trade sources reported arrivals at 300 quintals, unchanged as compared to previous dayn#39;s arrival. Urad Mogar Dal at Gulbarga(Kalaburagi) market is offered at Rs. 10800-11800 per quintal, steady as against previous close. Moong Mogar Dal at Gulbarga(Kalaburagi) market is trading at Rs. 8600-8900 per quintal, unchanged from previous close. Chana Dal at Gulbarga(Kalaburagi) market is quoted at Rs. 5700 per quintal, steady as against previous close. Pulses in Gulbarga(Kalaburagi) Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Gulbarga(Kalaburagi) Tur Red 8600 -100 Gulbarga(Kalaburagi) Tur Fatka Dall 11200-11500 -200 Gulbarga(Kalaburagi) Chana Annagiri 4900 -50 Gulbarga(Kalaburagi) Urad Mogar Dal 10800-11800 0 Gulbarga(Kalaburagi) Moong Mogar Dal 8600-8900 0 Gulbarga(Kalaburagi) Chana Dal 5700 0 nnbsp;
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