Indian shares rise for 2nd day as FM's comment boosts lenders

Indian shares rose for a second consecutive session as lenders such as State Bank of India SBI.NS rallied after Finance Minister Arun Jaitley said the government would soon announce new measures to tackle non-performing assets (NPAs). The government and the Reserve Bank of India would announce the measures in "a couple of days", Jaitley said at a CNBC-TV18 event. Lenders also got a boost from expectation of good demand for Yes Bank 's YESB.NS up to $750 million share sale announced on Thursday. broader sentiment remained cautious, with the NSE index .NSEI poised to record its first weekly loss in three, retreating from a record high hit last week. "Yes Bank's Qualified Institutional Placement yesterday was subscribed at almost 1,500 rupees per share and this has improved the sentiment in the sector, resulting in a rally in bank stocks. The finance minister's statement on the NPAs issue too was a positive," said Rakesh Tarway, head of research at Reliance Securities Ltd. The broader NSE index .NSEI was up 0.44 percent at 9,126 by 0510 GMT, while the benchmark BSE index .BSESN was 0.52 percent higher at 29,484.97. ICICI Bank ICBK.NS and State Bank of India SBI.NS were among the top gainers on the Nifty 50 index, rising more than 2 percent each after Jaitley's comments. Yes Bank rose as much as 1.72 percent. Bharat Petroleum Corp BPCL.NS was the top loser as oil retailers fell after CLSA analysts forecast a weak January-March quarter for major oil marketing companies.

Gold falls in Asia as Trump ready for showdown vote

Gold prices drifted weaker on Friday in Asia on political risk concerns as a dramatic inter-party showdown loomed in the U.S. as the votes needed to replace the Obama-era healthcare law fell short on Thursday and President Donald Trump's office said he was "done negotiating" and wanted an up-or-down decision on Friday. Republican leaders failed to rally enough support to pass the GOP bill in a planned Thursday vote in the House. At a Republican House caucus meeting Thursday night, Office of Management and Budget Director Mick Mulvaney said that if Trump does not get a vote on the proposal, he will move on to other priorities and leave the ACA, also known as Obamacare, in place. Earlier, House Majority Leader Rep. Kevin McCarthy told CNN that House debate on the bill will start Friday morning. Later, House Speaker Paul Ryan issued a terse statement: "We have been promising" this, and "tomorrow we're proceeding." Members of the Freedom Caucus, Republican legislators, however vow to vote "no." Gold for April delivery on the Comex division of the New York Mercantile Exchange fell 0.28% to $1,243.75 a troy ounce, while copper traded dropped 0.98% at $2.625 as a cloudy supply picture appears to have been resolved in the case of a major mine. A strike at BHP Billiton (LON:BLT)'s Escondida copper mine in Chile, the world's largest copper mine, is expected to end after workers decided to invoke a rarely used legal provision to allow them to extend their old contract Overnight, gold prices traded lower on Thursday, after the dollar steadied, amid a mixed batch of U.S. economic data, ahead of a key House vote on a healthcare bill to repeal and replace Obamacare. Gold prices pulled back from a session high of $1,253.15 in early morning U.S. trade weighed by a rise in the dollar, as new home sales data confounded expectations while initial jobless claims rose faster than expected. The Commerce Department said on Thursday new home sales increased 6.1 % to a seasonally adjusted annual rate of 592,000 units last month compared to expectations of a 0.7% increase to 565,000 units. Elsewhere, initial jobless claims increased by 15,000 to 258,000 in the week ending March 18 from the previous week’s revised total of 243,000 against analysts’ expectations of a drop by 1,000 to 240,000.

Soymeal in Indore

Physical Market Opened SteadyAt Indore market , Soymeal started at Rs. 24000 MT, steady as against previous close. nnbsp; Soymeal in Indore Market (Prices in Rs. MT) Market Commodity/Variety Price Change Absolute Indore Soymeal 24000 0 nnbsp; Note: The above mentioned prices are in Rs. MT and arrivals are in .

Castor Seed in Rajasthan Physical Market Trading FirmA

At Jodhpur market , Castor Seed Loose price is trading firm at Rs. 4750-4770 per quintal, higher by 3.25 per cent as compared to previous day. Total arrivals are at 90 per quintal, higher by 52 per quintal from previous dayn#39;s arrivals. Castor Seed Loose price at Sumerpur market is offered firm at Rs. 4500-4600 per quintal, up by 3.37 per cent against previous trading day. Traders reported arrivals at 800 per quintal, higher by 400 per quintal from previous dayn#39;s arrivals. Castor Seed in Rajasthan Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Jodhpur Castor Seed Loose price 4750-4770 +150 Sumerpur Castor Seed Loose price 4500-4600 +150 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in per quintal. buy castro seed in evrey dip for stockists with in 3 months it will hit target 6800 cmp@ 4900

zinc

buy zinc @ 184.60 sl 183 target 187/189/191