Mustard Physical Market in Lawrence Road Opened with Strong Sentiment
At Lawrence Road market in New Delhi, Mustard Condition started strong at Rs. 4400-4425 per quintal, up by 1.37 per cent from previous dayn#39;s price level. Mustard in New Delhi Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Lawrence Road Mustard Condition 4400-4425 +60 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in Bags.
1 buy rm seed@@4177 sl 4100 target 4240/4320/4370 14/08/2015 11:54:00
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 14 August 2015
rm seed up dates
gold tips
| 1 | sell silver@35900 sl 36200 target 35600/35300/34900 | 14/08/2015 | 11:13:36 |
| 1 | sell gold@25810 sl 26000 target 25600/25400/25200 | 14/08/2015 | 11:12:56 |
nse tips
| 1 | sell bank nifty@18430-18450 sl 18550 target 18300/18200/18100 | 14/08/2015 | 11:08:49 |
| 2 | buy biocon@470 sl 465 target 475/480/485 | 14/08/2015 | 11:06:29 |
| 3 | buy tata power@69.60 sl 67 target 72/75/785-7 days | 14/08/2015 | 10:57:16 |
Tuesday 11 August 2015
Rajasthan Castor Seed Physical Market Trading with Weak Sentiment
At Sumerpur market , Castor Seed Loose price is trading lower at Rs. 3670 per quintal, down by 0.14 per cent from previous dayn#39;s price level. Arrivals were reported at 64 per quintal, down by 96 per quintal as compared to previous day. Castor Seed Loose price at Jodhpur market is offered at Rs. 3650 per quintal, unchanged against previous close. steady as against previous dayn#39;s arrival. Castor Seed in Rajasthan Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Sumerpur Castor Seed Loose price 3670 -5 Jodhpur Castor Seed Loose price 3650 0 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in per quintal.
Strong Sentiment Witnessed in Sambhal Mentha Oil Physical Market
At Sambhal market , Mentha Oil closed high at Rs. 1032 per Kg, up by 1.67 per cent as against previous day. Estimated market supply was at 50 Drums(1-drum=180kg), down by 50 Drums(1-drum=180kg) from previous dayn#39;s arrivals. Mentha DMO closed firm at Rs. 720 per Kg, higher by 0.7 per cent as against previous day. Mentha Flakes at Sambhal market ended high at Rs. 1065 per Kg, up by 0.95 per cent from previous day. Mentha Crystal at Sambhal market closed strong at Rs. 1100 per Kg, up by 0.46 per cent against previous day. nnbsp; Mentha Oil in Sambhal Market (Prices in Rs. per Kg) Market Commodity/Variety Price Change Absolute Sambhal Mentha Oil 1032 +17 Sambhal Mentha DMO 720 +5 Sambhal Mentha Flakes 1065 +10 Sambhal Mentha Crystal 1100 +5 nnbsp;
Hanumangarh: Guar Finished Unchanged in Physical Market
At Hanumangarh market , Guar Seed Loose closed at Rs. 3400 per quintal, unchanged as compared to previous close. Guar Seed All Paid closed at Rs. 3600 per quintal, unchanged against previous close. unchanged as compared to previous dayn#39;s arrival. nnbsp; Guar in Hanumangarh Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Hanumangarh Guar Seed Loose 3400 0 Hanumangarh Guar Seed All Paid 3600 0 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in Quintal.
Strong Sentiment Witnessed in Rajasthan Guar Physical Market
At Sri Ganganagar market , Guar Loose is trading firm at Rs. 3500 per quintal, up by 1.45 per cent from previous dayn#39;s price level. Traders reported arrivals at 500 Quintal, higher by 100 Quintal from previous trading day. Guar All paid is offered high at Rs. 3700 per quintal, higher by 1.37 per cent against previous trading day. Guar Loose at Nagaur market is quoted at Rs. 3500 per quintal, unchanged as compared to previous close. Total market arrivals are at 150 Quintal, higher by 50 Quintal from previous dayn#39;s arrivals. Guar Loose at Alwar market is offered at Rs. 3600 per quintal, steady as against previous close. Estimated market supply was at 100 Quintal, unchanged as compared to previous dayn#39;s arrival. Guar Gum at Alwar market is trading weak at Rs. 7900 per quintal, lower by 1.25 per cent from previous trading day. Guar All paid at Churu market is quoted firm at Rs. 3800 per quintal, higher by 2.7 per cent from previous dayn#39;s price level. Trade sources reported arrivals at 300 Quintal, unchanged as compared to previous dayn#39;s arrival. nnbsp; Guar in Rajasthan Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Sri Ganganagar Guar Loose 3500 +50 Sri Ganganagar Guar All paid 3700 +50 Nagaur Guar Loose 3500 0 Alwar Guar Loose 3600 0 Alwar Guar Gum 7900 -100 Churu Guar All paid 3800 +100 nnbsp;
Guar in Bikaner Physical Market Trading Steady
At Bikaner market , Guar Seed Loose is trading at Rs. 3500 per quintal, steady as against previous close. Arrivals were reported at 200 Quintal, unchanged as compared to previous dayn#39;s arrival. Guar Seed All Paid is offered weak at Rs. 3650 per quintal, down by 1.35 per cent from previous price level. Guar Seed Loose at Khajuwala market is quoted weak at Rs. 3500 per quintal, lower by 0.57 per cent as compared to previous day. Trade sources reported arrivals at 150 Quintal, up by 50 Quintal as against previous day. Guar Seed All Paid at Khajuwala market is offered weak at Rs. 3640 per quintal, lower by 0.57 per cent from previous dayn#39;s price level. Guar Seed Loose at Nokha market is trading lower at Rs. 3500 per quintal, lower by 1.41 per cent from previous dayn#39;s price level. Total arrivals are at 200 Quintal, lower by 50 Quintal from previous dayn#39;s arrivals. Guar Seed All Paid at Nokha market is quoted lower at Rs. 3626 per quintal, lower by 1.41 per cent from previous dayn#39;s price level. nnbsp; Guar in Bikaner Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Bikaner Guar Seed Loose 3500 0 Bikaner Guar Seed All Paid 3650 -50 Khajuwala Guar Seed Loose 3500 -20 Khajuwala Guar Seed All Paid 3640 -21 Nokha Guar Seed Loose 3500 -50 Nokha Guar Seed All Paid 3626 -52 nnbsp;
Mustard in Rajasthan Physical Market Finished Strong
At Jaipur market , Mustard Condition closed strong at Rs. 4485-4490 per quintal, up by 0.56 per cent from previous trading day. Total arrivals are at 40000 Bags, unchanged as compared to previous dayn#39;s arrival. Mustard Condition at Alwar market ended strong at Rs. 4250-4275 per quintal, higher by 0.59 per cent as against previous day. Estimated market supply was at 3000 Bags, lower by 2000 Bags as against previous day. Mustard Non Condition at Sri Ganganagar market closed at Rs. 4000-4020 per quintal, unchanged as compared to previous close. Estimated market supply was at 500 Bags, lower by 100 Bags as against previous day. Mustard in Rajasthan Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Jaipur Mustard Condition 4485-4490 +25 Alwar Mustard Condition 4250-4275 +25 Sri Ganganagar Mustard Non Condition 4000-4020 0 nnbsp;
Soybean in Physical Market Closed Strong in Nagpur
At Nagpur market , Soybean Plant closed strong at Rs. 3300-3325 per quintal, higher by 0.76 per cent from previous dayn#39;s price level. Soybean Mandi closed firm at Rs. 3050-3190 per quintal, up by 1.59 per cent against previous trading day. Arrivals were reported at 20000 Bags, lower by 5000 Bags from previous trading day. Soybean in Nagpur Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Nagpur Soybean Plant 3300-3325 +25 Nagpur Soybean Mandi 3050-3190 +50 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in Bags.
Soymeal in Kota Physical Market Trading Higher
At Kota market , Soymeal is trading strong at Rs. 29000 MT, up by 3.2 per cent from previous trading day. Soymeal in Kota Market (Prices in Rs. MT) Market Commodity/Variety Price Change Absolute Kota Soymeal 29000 +900 nnbsp; Note: The above mentioned prices are in Rs. MT and arrivals are in
Kerala Physical Market: Cardamom Trading Firm
At Kochi market , Cardamom Loose(Max. Price) is trading high at Rs. 958 per kg, higher by 10.62 per cent from previous dayn#39;s price level. Estimated market supply was at 73736 kgs, higher by 33513 kgs as against previous day. Cardamom Loose(Avg. Price) is offered firm at Rs. 666 per kg, higher by 7.59 per cent from previous price level. steady as against previous dayn#39;s arrival. nnbsp; Cardamom in Kerala Market (Prices in Rs. per kg) Market Commodity/Variety Price Change Absolute Kochi Cardamom Loose(Max. Price) 958 +92 Kochi Cardamom Loose(Avg. Price) 666 +47 nnbsp; Note: The above mentioned prices are in Rs. per kg and arrivals are in kgs
Sugar Physical Market in Muzaffarnagar Trading
At Muzaffarnagar market , Sugar M-31(Khatauli) is trading firm at Rs. 2750 per quintal, higher by 6.59 per cent from previous dayn#39;s price level. Sugar M-31((Deoband) is offered high at Rs. 2675 per quintal, up by 7.86 per cent from previous price level. Sugar Nanauta at Muzaffarnagar market is quoted firm at Rs. 2490 per quintal, up by 3.75 per cent as against previous day. Sugar Morna at Muzaffarnagar market is offered high at Rs. 2500 per quintal, higher by 4.17 per cent from previous trading day. Sugar Sehora at Muzaffarnagar market is trading firm at Rs. 2640 per quintal, up by 8.87 per cent as compared to previous day. nnbsp; Sugar in Muzaffarnagar Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Muzaffarnagar Sugar M-31(Khatauli) 2750 +170 Muzaffarnagar Sugar M-31((Deoband) 2675 +195 Muzaffarnagar Sugar Nanauta 2490 +90 Muzaffarnagar Sugar Morna 2500 +100 Muzaffarnagar Sugar Sehora 2640 +215 At Muzaffarnagar market ,Sugar SHYAMLI(M-31) is offered firm at Rs. 2650 per quintal, up by 6.85 per cent from previous price level. Sugar TIKOLA(M-31) at Muzaffarnagar market is quoted high at Rs. 2650 per quintal, higher by 1.92 per cent from previous dayn#39;s price level. Sugar in Muzaffarnagar Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Muzaffarnagar Sugar SHYAMLI(M-31) 2650 +170 Muzaffarnagar Sugar TIKOLA(M-31) 2650 +50 nnbsp;
Coriander Seed Trading Higher in Madhya Pradesh Physical Market
At Guna market , Coriander Seed Badami is trading firm at Rs. 8200 per quintal, up by 1.23 per cent from previous dayn#39;s price level. Arrivals were reported at 500 quintals, unchanged as compared to previous dayn#39;s arrival. Coriander Seed Eagle is offered strong at Rs. 9500 per quintal, up by 5.56 per cent as compared to previous day. Coriander Seed Badami at Neemuch market is offered at Rs. 8200-8700 per quintal, steady as against previous close. Estimated market supply was at 1000 quintals, up by 200 quintals from previous dayn#39;s arrivals. Coriander Seed Eagle at Neemuch market is trading at Rs. 8800-9000 per quintal, steady against previous close. Coriander Seed Scotter at Neemuch market is quoted at Rs. 10000-10300 per quintal, unchanged as compared to previous close. nnbsp; Coriander Seed in Madhya Pradesh Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Guna Coriander Seed Badami 8200 +100 Guna Coriander Seed Eagle 9500 +500 Neemuch Coriander Seed Badami 8200-8700 0 Neemuch Coriander Seed Eagle 8800-9000 0 Neemuch Coriander Seed Scotter 10000-10300 0 nnbsp;
Pulses in Jaipur Physical Market Started the Day Higher
At Jaipur market , Chana Desi opened high at Rs. 4525 per quintal, up by 0.56 per cent from previous dayn#39;s price level. Moong Desi opened at Rs. 6500 per quintal, steady against previous close. Moth Local at Jaipur market started lower at Rs. 6200 per quintal, lower by 1.59 per cent as against previous day. Urad Local at Jaipur market opened weak at Rs. 6800 per quintal, lower by 2.86 per cent from previous dayn#39;s price level. Chawala Red at Jaipur market started the day lower at Rs. 3800 per quintal, lower by 2.56 per cent as compared to previous day. Pulses in Jaipur Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Jaipur Chana Desi 4525 +25 Jaipur Moong Desi 6500 0 Jaipur Moth Local 6200 -100 Jaipur Urad Local 6800 -200 Jaipur Chawala Red 3800 -100 nnbsp;
INDIA FX: USD/INR opens at over 7-week high after PBoC devalues currency
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SPOT 1-YR FWD 1-YR FWD 1-MONTH FUTURES
PREMIUM ABSOLUTE
(Rs)
Last 64.1825-64.1925 ---------- --------- 64.3325-64.3350
Open 64.1600-64.1700 ---------- --------- 64.3000-64.3025
High 64.2000-64.2100 ---------- --------- 64.3550-64.3575
Low 64.1100-64.1200 ---------- --------- 64.2525-64.2550
(Rs)
Prev 63.8700-63.8800 7.04-7.09% 4.34-4.36 64.1050-64.1075
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9:15AM//USD/INR opens at over 7-week high after PBoC devalues currency
Dollar/rupee opened at over seven-week high Tuesday after the People's Bank of China devalues its currency, Yuan, by almost 2% against the US dollar to levels last seen three years ago in a bid to boost the economy, dealers said.
"PBoC devalued its currency, which should have an impact on our currency as well," said a dealer with a private-sector bank.
At 9:15AM, the dollar/rupee traded at Rs 64.19/$1 compared to previous close of Rs 63.87/$1 and Rs 64.16/$1 at open.
A weaker yuan could threaten other economies in the region that compete with Chinese exports, and the move sent other currencies in Asia lower. A weaker yuan could encourage other central banks in the region to also devalue their currencies to stay competitive.
Chinese exports slumped 8.3% in July, the biggest drop in four months and far worse than expectations for a 1% fall. Exports to the European Union fell 12.3% in July while those to the United States dropped 1.3%.
The People's Bank of China says the move was a one-off to align onshore and offshore rates in another step toward deregulation of the foreign exchange market. The PBOC also says that the yuan's strength relative to other currencies provided room for adjusting its value.
Meanwhile, the currency pair was also supported on comments from the Federal Reserve Bank of Atlanta President Dennis Lockhart as he said that the decision to hike rates should come soon.
"I think the point of 'liftoff' is close," Lockhart said in prepared remarks for an address to the Atlanta Press Club. "The economy has made great gains and is approaching an acceptable normal, conditions are no longer extraordinary."
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8:55AM//USD/INR seen up as PBoC devalues Yuan to boost economy; Outflows eyed
Dollar/rupee may open up Tuesday after the People's Bank of China devalues its currency Yuan as it allowed the yuan to depreciate almost 2% against the US dollar to levels last seen three years ago, dealers said.
"Capital flight can be seen from our markets after the Yuan was devalued," said a dealer with a public sector bank.
Dollar/rupee may open around Rs 64.05-64.10/$1 Tuesday compared with previous close of Rs 63.87/$1, he added.
A weaker yuan could threaten other economies in the region that compete with Chinese exports, and the move sent other currencies in Asia lower. A weaker yuan could encourage other central banks in the region to devalue their currencies to stay competitive.
Chinese exports slumped 8.3% in July, the biggest drop in four months and far worse than expectations for a 1% fall. Exports to the European Union fell 12.3% in July while those to the United States dropped 1.3%.
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8:40AM//USD/INR NDF extends gain; Dlr index extends fall to 4th-day
Dollar/rupee in the inter-bank offshore market extended gains for the second straight day Tuesday, while the dollar index extended its fall for the fourth straight day on comments from Fed officials stating that low inflation is still a concern for the world's largest economy.
The dollar index, which tracks the strength of the greenback against six major currencies, traded at 97.43 Tuesday during early Asian trades compared with 97.62 at close in New York time.
Dollar/rupee in the non-deliverable forwards market maturing in one month, traded at Rs 64.06/$1 compared to previous close of Rs 64.04/$1 and onshore spot previous close of Rs 63.87/$1.
Federal Reserve Vice Chairman Stanley Fischer said Monday that low inflation in the US, while probably restrained by temporary factors, remains a concern as the labor market nears a sweet spot.
Fischer's remarks indicate that while he is pleased with progress on employment, he may be waiting for signs inflation will start moving up toward the central bank's target.
The Federal Open Market Committee meets Sep 16-17 for a meeting at which many investors and economists expect it will raise interest rates for the first time in almost 10 years.
"Employment has been rising pretty fast relative to previous performance, and yet inflation is very low," he said in an interview to Bloomberg Television. "And the concern about this situation is not to move before we see inflation, as well as employment, returning to more normal levels."
However, the dollar failed to react to positive comments from the Federal Reserve Bank of Atlanta President Dennis Lockhart as he said that the decision to hike rates should come soon.
"I think the point of 'liftoff' is close," Lockhart said in prepared remarks for an address to the Atlanta Press Club. "The economy has made great gains and is approaching an acceptable normal, conditions are no longer extraordinary."
Crude oil may extend gain Tue on weak rupee, short-covering
Crude oil prices are likely to extend gain for second straight trading day in opening session Tuesday on weakening of local currency against the dollar trimming the prospects of higher imports and as investors may cover short positions at lower levels, analysts said.
"Rupee depreciation and low level buying will push the prices of crude," said Ajay Kumar Kedia, research analyst with Kedia Commodities.
At 9:30AM rupee depreciated to Rs 64.19/$1 as compared to previous close of Rs 63.87/$1.
Crude oil prices may also be supported on short-covering after prices fell to over four-month low, analysts said.
Domestic crude oil prices fell by nearly 4% to Rs 2,824 per barrel in past three straight trading sessions (Aug 5-7), its lowest level since Mar 19 on weak demand from bulk consumers and oversupply woes in global markets.
Meanwhile, China devalued its yuan currency following a run of poor economic data that underscored the market view that fundamentals are too weak to warrant higher oil prices.
China devalued the yuan on Tuesday in what its central bank called a "one-off depreciation" of nearly 2% as its economy grows at its slowest pace in decades, guiding the currency to its lowest point in almost three years.
Investors will keep a close watch on American Petroleum Institute (API) coming later today and Energy Information Association (EIA) inventories data which will be released on Wednesday.
West Texas Intermediate, the US benchmark, for September delivery jumped 3.17% to $44.96 a barrel on the New York Mercantile Exchange Monday.
Brent, European benchmark for September contract surged 4.19% to $51.02 per barrel, on the London-based ICE Futures Europe Exchange Monday.
Crude oil for August delivery rose 1.27% to Rs 2,860 per barrel, at the closing of trades Monday, on Multi-Commodity Exchange (MCX).
Crude oil prices for August delivery are likely to find support at Rs 2,745 per barrel and resistance at Rs 2,943 per barrel today on Multi-Commodity Exchange (MCX).
Base Metal Outlook: Copper seen flat Tue on demand hope, strong dollar
Copper may open flat Tuesday on hope of demand hope from China and as strong dollar dents investors' purchasing power for buying dollar-denominated commodities, said analysts.
"Base metals will be up on China demand hope while strong dollar will cap the prices at higher level," said Netra Deshpande an analyst with Emkay Global Financial Services.
Prices of the industrial metals will be supported as investors hoping more stimulus measures from China's central bank following slew of weak economic data, said analysts.
China's central bank cut the currency's reference rate by a record 1.9%, allowing depreciation to combat a slump in exports.
China imports fell 8.1% in July compared to analysts' estimate of 8.1% fall and 6.1% de-growth for the same period a year earlier, data by the National Bureau Statistics of China showed.
Exports in China also declined to 8.3% for the same period compared to 2.8% growth a year ago.
China Jan-Jul copper, copper product imports fell 9.5% to 2.59 million tons on year, government data showed.
China is the world's largest consumer of copper accounting for about 40% of total global demand and major consumer of other industrial metals.
However, sharp fall in the red metal prices will be capped by strong dollar against other currencies, said analysts.
At 9:50AM dollar index, which measures the strength of greenback against its six major trading partners, jumped 0.24% to 97.43.
Red metal prices will also be under pressure on higher stockpiles of the metal on LME, indicating oversupply situation, said analysts.
Copper stockpiles rose by 1,800 tons to 354,125 tons, LME data showed on Friday, its highest level since January 2014.
On Monday, copper for August delivery at the close of trades jumped 2.80% to Rs 338.95 per kilogram on the MCX.
MCX copper prices are likely to find support at Rs 324.1 per kilograms while resistance is seen at Rs 348.1 per kilograms today.
London Metal Exchange (LME) copper prices may open at $ 5,263.50 per MT and find support at $4,964 MT and resistance at $5,581 per MT.
MCX aluminium for July delivery at close of trades climbed 1.49% to Rs 101.85 per kilograms on the MCX.
Meanwhile, Goldman Sachs Group Inc, global investment bank, trimmed aluminium prices estimates by 21% from 2016 through 2018 on oversupply woes, Bloomberg reported.
The bank cuts its aluminium prices forecast to $1,525 ton in 2016, to $1,625 in 2017 and to $1,700 in 2018 from $1,925, $2,100 and $2,200 respectively previously estimated as it expects supply surplus of about 2.5 million tons to 3 million tons from 2016 to 2019.
MCX aluminium prices are likely to find support at Rs 98.9 per kilograms while resistance is seen at Rs 104.1 per kilograms today.
nse tips
| 1 | buy hexa wear@282 sl 276 target 288/294/302 | 11/08/2015 | 09:49:08 |
| 2 | BUY BIOCON 474 SL 465 TARGET 483/494/502 | 11/08/2015 | 09:44:17 |
Monday 10 August 2015
mcx up dates
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Week Ahead: ZINC (BUY)
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Kota: Soybean in Physical Market Trading Higher
At Kota market , Soybean Plant is trading strong at Rs. 3250-3300 per quintal, higher by 2.33 per cent from previous trading day. Soybean Mandi is offered firm at Rs. 3100-3160 per quintal, higher by 0.32 per cent as compared to previous day. Total arrivals are at 15000 Bags, unchanged as compared to previous dayn#39;s arrival. Soybean in Kota Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Kota Soybean Plant 3250-3300 +75 Kota Soybean Mandi 3100-3160 +10 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in Bags.
Soybean in Rajasthan Physical Market Trading Strong
At Bundi market , Soybean Plant is trading firm at Rs. 3150-3200 per quintal, up by 1.59 per cent from previous dayn#39;s price level. Soybean Mandi is offered firm at Rs. 3100-3150 per quintal, up by 1.61 per cent as against previous day. Estimated market supply was at 50 Bags, lower by 50 Bags from previous dayn#39;s arrivals. Soybean Plant at Baran market is quoted firm at Rs. 3200-3250 per quintal, up by 0.78 per cent from previous dayn#39;s price level. Soybean Mandi at Baran market is offered strong at Rs. 3000-3150 per quintal, higher by 1.61 per cent from previous trading day. Arrivals were reported at 1200 Bags, lower by 300 Bags from previous trading day. Soybean Plant at Bhawani market is trading high at Rs. 3200-3225 per quintal, up by 0.78 per cent as against previous day. Soybean Mandi at Bhawani market is quoted firm at Rs. 3150-3175 per quintal, higher by 0.79 per cent from previous dayn#39;s price level. Trade sources reported arrivals at 800 Bags, higher by 100 Bags as compared to previous day. Soybean in Rajasthan Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Bundi Soybean Plant 3150-3200 +50 Bundi Soybean Mandi 3100-3150 +50 Baran Soybean Plant 3200-3250 +25 Baran Soybean Mandi 3000-3150 +50 Bhawani Soybean Plant 3200-3225 +25 Bhawani Soybean Mandi 3150-3175 +25 nnbsp;
Coriander Seed in Rajasthan Physical Market Closed Steady
At Baran market , Coriander Seed Eagle finished at Rs. 9375 per quintal, unchanged as compared to previous close. Coriander Seed Badami ended at Rs. 8875 per quintal, steady against previous close. Total arrivals are at 1400 quintals, lower by 100 quintals from previous dayn#39;s arrivals. Coriander Seed Eagle at Bhawani market ended at Rs. 8700 per quintal, unchanged as compared to previous close. Coriander Seed Badami at Bhawani market ended at Rs. 8500 per quintal, unchanged as compared to previous close. Arrivals were reported at 500 quintals, steady as against previous dayn#39;s arrival. Coriander Seed Scooter at Bhawani market finished at Rs. 9200 per quintal, unchanged from previous close. nnbsp; nnbsp; Coriander Seed in Rajasthan Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Baran Coriander Seed Eagle 9375 0 Baran Coriander Seed Badami 8875 0 Bhawani Coriander Seed Eagle 8700 0 Bhawani Coriander Seed Badami 8500 0 Bhawani Coriander Seed Scooter 9200 0 nnbsp;
Maharashtra Physical Market: Soymeal Trading
.
At Dhulia market , Soy meal is trading high at Rs. 29800 MT, up by 1.02 per cent from previous dayn#39;s price level. Soy meal at Nagpur market is offered weak at Rs. 28500 MT, down by 1.72 per cent from previous price level. Soy meal at Nanded market is quoted weak at Rs. 28900 MT, lower by 1.7 per cent from previous dayn#39;s price level. Soy meal at Latur market is offered lower at Rs. 28500 MT, lower by 1.72 per cent from previous trading day. Soy meal at Sangli market is trading lower at Rs. 29600 MT, lower by 1.66 per cent from previous dayn#39;s price level. Soy meal at Sholapur market is quoted weak at Rs. 29200 MT, lower by 1.68 per cent from previous dayn#39;s price level. Soymeal in Maharashtra Market (Prices in Rs. MT) Market Commodity/Variety Price Change Absolute Dhulia Soy meal 29800 +300 Nagpur Soy meal 28500 -500 Nanded Soy meal 28900 -500 Latur Soy meal 28500 -500 Sangli Soy meal 29600 -500 Sholapur Soy meal 29200 -500 At Akola market , Soy meal is trading weak at Rs. 28300 MT, lower by 5.03 per cent from previous trading day. Soy meal at Hingoli market is offered weak at Rs. 29100 MT, lower by 1.69 per cent as compared to previous day. Soy meal at Jalna market is quoted lower at Rs. 28300 MT, lower by 1.74 per cent as against previous day. Soymeal in Maharashtra Market (Prices in Rs. MT) Market Commodity/Variety Price Change Absolute Akola Soy meal 28300 -1500 Hingoli Soy meal 29100 -500 Jalna Soy meal 28300 -500 nnbsp;
Castor Seed in Rajasthan Physical Market Trading Lower
At Sumerpur market , Castor Seed Loose price is trading lower at Rs. 3675 per quintal, down by 0.68 per cent from previous trading day. Estimated market supply was at 160 per quintal, up by 80 per quintal from previous dayn#39;s arrivals. Castor Seed Loose price at Jodhpur market is offered at Rs. 3650 per quintal, steady against previous close. steady as against previous dayn#39;s arrival. nnbsp; Castor Seed in Rajasthan Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Sumerpur Castor Seed Loose price 3675 -25 Jodhpur Castor Seed Loose price 3650 0 Note: The above mentioned prices are in Rs. per quintal and arrivals are in per quintal.
Kerala: Rubber in Physical Market Closed Lower
At Kottayam market in Kerala, Rubber RSS-4(In Rs.) ended weak at Rs. 11850 Quintals, down by 0.42 per cent as compared to previous day. Rubber RSS-4(IN USD) ended lower at Rs. 185.86 Quintals, down by 0.34 per cent from previous price level. Rubber RSS-4(In Rs.) at Cochin market ended weak at Rs. 11850 Quintals, lower by 0.42 per cent as against previous day. Rubber RSS-4(IN USD) at Cochin market finished weak at Rs. 185.86 Quintals, down by 0.34 per cent as compared to previous day. Rubber in Kerala Market (Prices in Rs. Quintals) Market Commodity/Variety Price Change Absolute Kottayam Rubber RSS-4(In Rs.) 11850 -50 Kottayam Rubber RSS-4(IN USD) 185.86 -0.63 Cochin Rubber RSS-4(In Rs.) 11850 -50 Cochin Rubber RSS-4(IN USD) 185.86 -0.63 nnbsp;
Soybean in Indore Physical Market Trading.
At Indore market , Soybean Plant is trading high at Rs. 3225-3250 per quintal, up by 1.56 per cent from previous trading day. Soybean Mandi is offered lower at Rs. 3000-3140 per quintal, down by 0.32 per cent as compared to previous day. Estimated market supply was at 65000 Bags, up by 25000 Bags as compared to previous day. Soybean in Indore Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Indore Soybean Plant 3225-3250 +50 Indore Soybean Mandi 3000-3140 -10 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in Bags.
Sugar in New Delhi Physical Market Trading Higher
At New Delhi market , Sugar M-30 is trading firm at Rs. 2610 per quintal, up by 2.35 per cent from previous dayn#39;s price level. Sugar S-30 is offered firm at Rs. 2500 per quintal, up by 2.04 per cent from previous price level. unchanged as compared to previous dayn#39;s arrival. Sugar in New Delhi Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute New Delhi Sugar M-30 2610 +60 New Delhi Sugar S-30 2500 +50 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in .
Sugar Physical Market in Vijaywada Trading with Strong Sentiment
At Vijaywada market , Sugar M-30 is trading strong at Rs. 2640 per quintal, up by 2.33 per cent from previous trading day. Sugar S-30 is offered strong at Rs. 2600 per quintal, higher by 4 per cent against previous trading day. unchanged as compared to previous dayn#39;s arrival. Sugar in Vijaywada Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Vijaywada Sugar M-30 2640 +60 Vijaywada Sugar S-30 2600 +100 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in Motars
Guntur Pulses Higher in Physical Market
At Guntur market , Urad Gota Branded is trading strong at Rs. 11100 per quintal, higher by 1.83 per cent from previous dayn#39;s price level. Urad Polished is offered at Rs. 8300 per quintal, steady against previous close. Urad Unpolished at Guntur market is quoted firm at Rs. 8200 per quintal, higher by 0.61 per cent from previous day. nnbsp; Pulses in Guntur Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Guntur Urad Gota Branded 11100 +200 Guntur Urad Polished 8300 0 Guntur Urad Unpolished 8200 +50 nnbsp;
Guar Physical Market in Jodhpur Trading with Weak Sentiment
At Jodhpur market , Guar seed Loose is trading lower at Rs. 3725 per quintal, lower by 1.97 per cent as against previous day. Guar seed All Paid is offered lower at Rs. 3900 per quintal, lower by 2.5 per cent from previous price level. Guar Gum at Jodhpur market is quoted lower at Rs. 7900 per quintal, down by 1.25 per cent as against previous day. nnbsp; Guar in Jodhpur Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Jodhpur Guar seed Loose 3725 -75 Jodhpur Guar seed All Paid 3900 -100 Jodhpur Guar Gum 7900 -100 nnbsp;
Mustard in Hapur Physical Market Trading Weak
At Hapur market , Mustard Seed is trading weak at Rs. 4450-4475 per 10kg, down by 0.56 per cent as against previous day. Mustard in Hapur Market (Prices in Rs. per 10kg) Market Commodity/Variety Price Change Absolute Hapur Mustard Seed 4450-4475 -25 nnbsp; Note: The above mentioned prices are in Rs. per 10kg and arrivals are in .
nse tips
| 1 | sell acc@1395 sl 1430 target 1360/1320/12805-6 days | 10/08/2015 | 14:17:15 |
| 2 | buy coal india@414 s 410 target 418/422/426 | 10/08/2015 | 13:09:05 |
REC surges after Q1 net profit rises 15% on higher income
Rural Electrification Corporation Ltd., a state-run lender to rural power projects, surged Monday after fiscal first quarter net profit rose 15% on higher interest income.
Net profit rose to Rs 14.78 billion for the three months ended Jun 30 compared to Rs 12.82 billion in the corresponding period year ago, Rural Electrification Corp said in a statement to the stock exchanges on Friday after market hours.
The rise in profits was despite a one time RBI mandated allowance against restructured loans of Rs 1.39 billion and an increase in the provisioning against standard loans to 0.30% in a phased manner.
This means that contingent allowance against standard loan assets rose to Rs 327.1 million compared to Rs 143.7 million in the same period a year ago.
Operating income rose 21.3% to Rs 56.62 billion for the quarter ended June 30, while operating expenses went up 22% to Rs 35.85 billion for the same period.
Other income of the company rose 18% to Rs 467.4 million in the Apr-Jun quarter.
At 10AM, REC rose 3.15% to Rs 275.20 on the Mumbai stock exchange. The 30-share Sensex index rose 0.44% to 28,359.04
Gold Outlook: Seen flat Mon on weak dollar, Fed rate hike fear
Gold may open flat Monday after the dollar weakened against other currencies and as United States nonfarm payrolls data suggested that Federal Reserve could hike interest rates as early as next month, said analysts.
"Gold prices will be up on weak dollar while solid US jobs data suggesting Fed rate hike fear which will cap the prices at higher level," said Ajay Kumar Kedia an analyst with Kedia Commodities.
Prices of the yellow metal will be supported by weak dollar against other currencies which boosts 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, slipped 0.20% to 97.62.
Prices of the bullion will also be supported by hope of improvement in physical demand in China and India, the world's top yellow metal consumers, said analysts.
The value of China's gold reserves dropped to $59.24 billion from $62.4 billion.
Premiums in India hovered in range of $1.30-$2.10 an ounce over the global spot benchmark up from $1.50-$2 last week, with ample supply offsetting an improvement in demand.
India's gold imports in fiscal 2015/16 are likely to be between 900 and 1,000 tonnes as lower prices will boost demand during the festive season.
However, sharp gain in the yellow metal prices will be capped as a government data showed there is continued progress in United States jobs scenario increasing the bets of interest rate hike by the Federal Reserve in September.
US nonfarm payroll data came at 215,000 in July lower than analysts' estimates of 223,000. However, the earlier month's figures were revised upward to 231,000 from 223,000 earlier.
Meanwhile, the unemployment claims held at seven-year low of 5.3% in July.
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 667.69 tons on Friday compared to 667.93 tons on Thursday, its lowest level since September 2008.
On Friday, gold for October delivery at the close of trades rose 0.43% to Rs 24,895 per 10 grams on the MCX.
Gold prices rose 0.02% to $ 1,094 per ounce on the Comex exchange.
On Friday, at the closing of trades Comex gold for October delivery rose 0.32% to $1,094 per ounce on weak dollar.
MCX gold prices are likely to find support at Rs 24,588 per 10 grams while resistance is seen at Rs 25,138 per 10 grams today.
Comex gold prices are likely to find support at $1,085.60 per ounce while resistance is seen at $ 1,102.10 per ounce today.
Crude may extend fall to over 4-mo low Mon on oversupply woes, weak demand
Crude oil prices are likely to slump to over four-month low in opening session Monday on increasing supplies in global markets and a disappointing data from China over the weekend showed exports tumbled in the world's second-largest economy, analysts said.
"Weak demand and rising supplies in global markets are likely to pressurise the prices of crude," said Ajay Kumar Kedia, research analyst with Kedia Commodities.
Oil-field services firm Baker Hughes Inc. said Friday that the number of rigs drilling for oil in the U.S. rose for the third straight week. Though there are still 58% fewer rigs operating compared with October 2014, the recent rise in rigs sparked concerns that a glut will continue to weigh on the market.
US production rose to near the highest level since the 1970s in the last week, edging up to 9.5 million barrels per day, according to government data.
Crude oil may also be under pressure after a government data indicated a slowdown in the Chinese economy, analysts said.
China imports fell 8.1% in July compared to analysts' estimate of 8.1% fall and 6.1% de-growth for the same period a year earlier, data by the National Bureau Statistics of China showed.
Exports in China also declined to 8.3% for the same period compared to 2.8% growth a year ago.
West Texas Intermediate, the US benchmark, for September delivery fell 1.77% to $43.87 a barrel on the New York Mercantile Exchange Friday.
Brent, European benchmark for September contract plunged 1.70% to $49.21 per barrel, on the London-based ICE Futures Europe Exchange Friday.
Crude oil for August delivery fell 0.80% to Rs 2,824 per barrel, at the closing of trades Friday, its lowest level since Mar 19, on Multi-Commodity Exchange (MCX).
Crude oil prices for August delivery are likely to find support at Rs 2,770 per barrel and resistance at Rs 2,914 per barrel today on Multi-Commodity Exchange (MCX).
REPEAT/SUGAR WEEKLY: May trade flat on weak demand, govt sops
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 the government is likely to bring in rules to make it compulsory for sugar mills to export surplus sugar, 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 as the government is likely to bring in rules to make it compulsory for sugar mills to export surplus sugar, analysts said.
"Export of excess sugar will help to reduce the surplus output as well as to curb prices," said Abhijeet Banerjee, research analyst with Religare Commodities.
Government may make it compulsory for the sugar mills to export a fixed quantity of sugar to solve the problem of glut and ease industry's liquidity problem, reported Reuters Wednesday.
India is likely to bring in rules to make it compulsory for sugar mills to export million of tons of surplus supplies to support local price, said Reuters quoting sources.
A final decision rests with Prime Minister Narendra Modi, who discussed the politically sensitive issue at a weekend meeting with ministers, officials and sugar mill bosses, said the two government sources.
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.
Raw sugar October contract on the Intercontinental Exchange (ICE) slumped 2.82% to 10.85 cents per pound for the week ended Aug 6.
White sugar October contract on the London International Financial Futures and Optional Exchange (LIFFE) fell 0.72% to $346.90 per ton for the week ended Aug 6.
Sugar is expected to find support at Rs 2,150 per quintal and resistance at Rs 2,450 per quintal next week, analysts said.
Sugar for October delivery traded in Rs 2,220-2,335 per quintal range in the past five trading session on the National Commodity & Derivatives Exchange.
Base Metal Outlook: Copper seen flat Mon on demand worries, short covering
: Copper may open flat Monday on demand worries from China following weaker than expected economic data and buying at lower level after prices dropped to five-year low on Friday, said analysts.
"Base metals will fall on China demand worries while short covering will cushion the prices at lower level," said Ajay Kumar Kedia an analyst with Kedia Commodities.
Base metals will be down after a government data indicated a slowdown in the Chinese economy.
China imports fell 8.1% in July compared to analysts' estimate of 8.1% fall and 6.1% de-growth for the same period a year earlier, data by the National Bureau Statistics of China showed.
Exports in China also declined to 8.3% for the same period compared to 2.8% growth a year ago.
Prices of red metal will also be under pressure after China Jan-Jul copper, copper product imports fell 9.5% to 2.59 million tons on year, government data showed.
China is the world's largest consumer of copper accounting for about 40% of total global demand and major consumer of other industrial metals.
However, sharp fall in the red metal prices will be cushioned as investors are likely to buy back oversold position after prices dropped to five-year low on Friday, said analysts.
On Friday, copper for August delivery at the close of trades slipped 0.43% to Rs 329.70 per kilogram on the MCX, at its lowest level since July 23, 2010.
Red metal prices will also be under pressure on higher stockpiles of the metal on LME, indicating oversupply situation, said analysts.
Copper stockpiles rose by 725 tons to 352,325 tons, LME data showed on Friday, its highest level since January 2014.
On Friday, copper for August delivery at the close of trades slumped 0.43% to Rs 329.70 per kilogram on the MCX.
MCX copper prices are likely to find support at Rs 324.6 per kilograms while resistance is seen at Rs 335.2 per kilograms today.
London Metal Exchange (LME) copper prices may open at $ 5,147.50 per MT and find support at $5,043 MT and resistance at $5,271 per MT.
MCX aluminium for July delivery at close of trades dropped 0.19% to Rs 100.35 per kilograms on the MCX, at its lowest level since May 23, 2012.
MCX aluminium prices are likely to find support at Rs 99.3 per kilograms while resistance is seen at Rs 102.1 per kilograms today.
REPEAT/CRUDE WEEKLY: May trade flat on oversupply woes, short-covering
Crude futures on Multi-Commodity Exchange are likely to trade flat next week on increasing supplies from global market and as investors may cover short positions at lower level, 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.
Organization of the Petroleum Exporting Countries (OPEC), which includes Saudi Arabia and other big Middle East producers, pumped over 32 million barrels per day in July, up 140,000 barrels per day from June, the Reuters data showed.
Saudi produced more than 10.6 million barrels per day, amounting to its highest level on record, various data showed.
Crude oil prices may also be under pressure on weak global demand forecast, analysts said.
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.
Weak economic data from US and China, world's biggest consumers, will indicate lower demand, analysts said.
Manufacturing activity in United States came lower than expected triggering growth concerns in the world's biggest economy.
US manufacturing PMI came at 52.7 in Jul lower than analysts' at 53.5, a data from Institute for Supply Management (ISM) showed.
Another data showed from Markit showed manufacturing in US remained steady at 53.8 in July.
Government and a private survey showed manufacturing data in China came lower than forecast triggering growth concerns in the Asia's biggest economy.
China NBS manufacturing PMI came at 50 in Jul lower than analysts' estimate of 50.2, a government data showed.
Another data from Caixin/Markit survey showed manufacturing activity in China shrank most in two years.
Caisin/Markit China manufacturing PMI dropped to 47.8 in July compared to 48.2 month ago.
"Prices are likely to be supported on short-covering as prices have a fallen lot," Ajay Kumar Kedia, research analyst with Kedia Commodities.
Domestic crude oil prices fell by more than 28% and traded between the range of Rs 2,826-3,797 per barrel in past six trading sessions on weak demand and increasing supplies from global markets.
Meanwhile, 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.
West Texas Intermediate, the US benchmark, for September delivery slumped 5.49% to $44.53 a barrel on the New York Mercantile Exchange for the week ended Aug 6.
Brent, European benchmark for September contract plunged 5.79% to $49.19 per barrel, on the London-based ICE Futures Europe exchange for the week ended Aug 6.
However, any movement in the local currency will also impact crude oil prices, analysts said.
The local currency rose 0.50% to Rs 63.81/$1 in the week ended Aug 6.
Crude oil is expected to find support at Rs 2,700 per barrel and resistance at Rs 3,250 per barrel, analysts said.
Crude for August delivery traded in Rs 2,826-3,035 per barrel range in the past five trading session on the Multi Commodity Exchange
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silver all targets achieved