Rupee went down by 4 paise to 66.86 7 Jan, 2016

Today, the INR(rupee) went down by 4 paise to 66.86 as compared to the US dollar in early trade on Thursday after the Chinese central bank, PBoC, set the yuan midpoint to its lowest & weakest level since March 2011.

The People's Bank of China fixed the official guidance rate 0.5 per-cent weaker than Wednesday's fix of 6.5314, which is its biggest daily fall since 2015's August month. The Chinese yuan fell down by 0.39 per-cent to 6.58 against the greenback.

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75 per-cent blue chips below 5-year PEs 5 Jan, 2016

Should investors can pick large-cap stocks over mid-caps at this juncture? More than 75 per-cent of the blue chips across sectors were trading below their 5-year average price-to-earnings (PE) ratios.

In comparison, around 55% of the mid-cap stocks are trading greater than their 5-year average PEs; which means, large-caps are cheaply as compared to small-caps.

Large-caps have been at the receiving side in the previous few months on account of foreign institutional selling, resulting in contracted valuations.

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Sensex slides, Nifty-50 under pressure 4 Jan, 2016

The Nifty-50 today, came under pressure to break below its critical support level of 7,950, weighed down by losses in IT, oil & gas,banks, metal and auto stocks.Click For Bank nifty futures tips

Today, the S&P BSE Sensex tumbled more than 150 points in morning trade, tracking Asian markets which were trading lower after China factory activity contracted & the chinese currency yuan weakened to near a 5-year low.

The INR(rupee) fell 17 paise to 66.31 against the US(United States) dollar in early trade on today after weak Chinese manufacturing PMI readings sparked selling across Asian currencies. Native currency ended at 66.14 against the greenback on Friday previous week.

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Sensex, nifty, commodity updates this year 1 Jan, 2016

Year 2015 might have become washedout year for local equities, but analysts at top brokerage firms estimate the equity benchmark Sensex to re-form up to the 35,000 level, a 30 per-cent upside from yesterday's closing of 26,117.54, in the year 2016. Click For Commodity Tips

In a poll conducted by researchers among 10 brokerage firms, the majority projected Nifty-50 to grow up to 38 per-cent in the year 2016 to scale a peak of 11,000 by Dec 2016.

For this year, the index was down by over 6 per-cent amid worries over an interest rate hike by the US Federal Reserve, decrement in the value of yuan, a crash in prices of commodity such as crude & a slowdown in world wide economic growth.

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Today mcx copper remains dominant 31 Dec, 2015

Copper futures ahead in the native market on yesterday as investors, traders and speculators booked fresh positions in the industrial metal amidst hopes that production cuts in China may decrease a supply glut.

In Accordance with media reports, nine leading Chinese copper producers have agreed to cut production of the base metal by an overall 200,000 metric tons in the January-March 2015 Q(quarter).

China is the world’s largest consumer of copper, accounting for more than 40 per-cent of the metal’s world wide consumption.

The focus is now on China’s official factory data set for release on last week Friday which may show that manufacturing shrank for a fifth straight in Dec month, highlighting weakness in the manufacturing sector of the world’s second biggest economy.

Copper may retreat today on profit-booking by investors, after the stellar gains in newely sessions, and ahead of this New Year.

MCX : February 2016 contract for Copper futures ended at Rs 318.4 per kg, up by 0.55 per-cent after opening at Rs 316.25, as compared to the previous ending price of Rs 316.65. It reached the intra-day high of Rs 318.85.

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HDFC, Bharti Airtel, L&T top gainers, Sensex starts flat 30 Dec, 2015

Today, The S&P BSE Sensex unlocked on a flat note in morning trade, led by gains in HDFC, ITC, HDFC, Tata Motors and Bharti Airtel.

The Nifty50 unlocked flat, but was still trading above its critical support level of 7,900, supported by gains in power, metal, realt, and capital goods stocks.

Shares of DB Realty discharged over 3 per-cent, while that of Tata Steel earned 1 per-cent. In the mean time, Religare shares  slided around 3 per-cent.

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Air India announced new year special offers 30 Dec, 2015

Commodity tips & updates

Air India announced two special schemes for passengers, which could enable them to ring in 2016 year in style. The promotional offers are New Year Special & Lucky 1st.Click For Commodity tips

 
New Year Special offers, passengers all-inclusive one-way fare of 5,016 rs for travel between the metros on flights departing between 8 pm on Dec 31, and 8 am on January 1, the national carrier told in a statement.

Going through the 2nd scheme, valid for travel between January 1 & 15, passengers travelling in Business or Economy class on its Boeing 777 flights on Delhi-Mumbai-Delhi sector will stand a chance to win an upgrade to 1st Class. A lucky draw will be there at the boarding gate before take off, it contributed.

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Commoditiy is an issue but Equities will rise in 2016

Economy of India has gone ino a new era of low commodity prices and inflation. The breakdown on corruption means crony capitalists can no longer swing deals for their advantage

The prices of commodity collapse threw markets off gear in the year 2015. Will the story be repeat in 2016? Experts at the ET Roundtable believe it can repeat again and are cautious regarding the 1st few months.

But once commodity prices stabilise, earnings could recover & fund flows may resume. Year 2016 may end with a 10-15 per-cent increase for the Sensex, while corporate earnings could grow by 13-14 per-cent.

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RESEARCH VIA DAILY COMMODITY REPORT FOR 20 NOV 13

Precious Metals
GOLD     SILVER 
                                                     D A I L Y B U Z Z
The trend in gold futures for December delivery on India's Multi Commodity Exchange (MCX) looks sideways to bearish for the day and intra-day traders are advised to sell on rise. MCX gold futures was seen trading with a gain of 0.13 at Rs.30090 per 10 grams as of 16.08 IST on Tuesday.

Gold prices continued their weakness in the global market and were seen trading almost steady amid weak physical demand, strengthening equity markets. Meanwhile, India gold futures remained almost steady tracking weak global cues and on appreciation of Indian Rupee against US Dollar.

Comex gold futures for December delivery was seen trading with a gain of $1 at $1273.3 per troy ounce as of 16.07 IST while the futures on India's Multi Commodity Exchange (MCX) was seen trading with a gain of 0.13 at Rs.30090 per 10 grams as of 16.08 IST on Tuesday.

Base Metals & Energy
COPPER      CRUDE OIL
                                                  D A I L Y B U Z Z
              Copper prices rose by 0.08 per cent on Tuesday at the domestic markets after German economic sentiment improved more-than-expected in November, rising to the highest level since October 2009 raising the demand outlook for the industrial metal. ZEW Centre for Economic Research said that its index of German economic sentiment rose by 1.8 points to hit 54.6 in November from October’s reading of 52.8. At the MCX, copper futures for November 2013 contract were trading at Rs. 433.40 per 1 kg, up by 0.08 per cent, after opening at Rs. 432.40 against the previous closing price of Rs. 433.05. It touched the intra-day high of Rs. 433.80 till the trading. (At 4.20 PM today). Sentiment improved further due to the decline in the copper stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME copper stocks fell by 1300 metric tonnes to 447650 metric tonnes as on November 19, 2013.

            Crude oil prices rose by 0.14 per cent on Tuesday at the domestic markets as a probable decline in US crude oil stockpiles last week may signal a pickup in fuel demand in the world’s biggest crude oil consuming nation. US crude oil stockpiles may have declined 1 million barrels last week, according to
analysts’ estimates ahead of Energy Department data. At the MCX, crude oil futures for November 2013 contract were trading at Rs. 5,781 per barrel, up by 0.14 per cent, after opening at Rs. 5,773 against the previous closing price of Rs. 5,773. It touched the intra-day high of Rs. 5,794 till the trading. (At 4.45 PM today). Sentiment improved further after ZEW Centre for Economic Research said that its index of German economic sentiment rose by 1.8 points to hit 54.6 in November from October’s reading of 52.8 in turn raising the demand outlook for the fuel.

Agro Outlook
                                              D A I L Y B U Z Z
India soybean futures dropped on Wednesday as a result of profit booking despite weak Indian
currency and concerns over crop damage in key soybean growing areas due to excess rain fall
activities.

Soybean futures for December delivery on India's National Commodity and Derivatives Exchange (NCDEX) was seen trading with a loss of 1.13% at Rs.3920 per 100 kgs as of 13.14 IST on Wednesday.

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DAILY COMMODITY REPORT FOR 12/NOV/13

Precious Metals
SILVER  GOLD
                                                        D A I L Y B U Z Z

Gold prices recovered by 0.25 per cent to Rs 29,778 per 10 grams in futures trade today as  speculators covered short positions even as precious metal remained weak overseas.

At the Multi Commodity Exchange, gold for delivery in December recovered by Rs 73, or 0.25  per cent, to Rs 29,778 per 10 gram in business turnover of 1,106 lots.

The metal for delivery in far-month February moved up by Rs 50, or 0.17 per cent, to Rs 29,479  per 10 gm in a turnover of 54 lots.

Silver prices recovered by 0.37 per cent to Rs 49,849 per kg in futures trade today, largely  supported by covering-up of short positions by speculators even as the metal weakened in  overseas markets.

Base Metals & Energy
COPPER  CRUDE OIL
                                                       D A I L Y B U Z Z
Lead futures prices rose marginally by 0.07 per cent today to trade at Rs 135.50 per kg on rising demand  in spot markets and positive cues from global markets.

At the Multi Commodity Exchange, lead for delivery in November traded 10 paise, or 0.07 per cent,
higher at Rs 135.50 per kg, with a turnover of 1,229 lots.

The metal for delivery in December also rose by a similar margin to trade at Rs 136.55 per kg, in a
business turnover of 133 lots.

Analysts said besides strong domestic demand from battery-makers, a firm trend in base metals at the

London Metal Exchange influenced lead prices at futures trade here.

Agro Outlook
CHANA  DHANIYA
                                                      D A I L Y B U Z Z
Sugar futures dropped due to poor demand and ample stocks with mills, and many trade and  industry officials believe the contract could fall further.

The key December contract was down 0.11 percent at 2,837 rupees per 100 kg at 1033 GMT on
the National Commodity and Derivatives Exchange.

India started the new sugar-marketing year with carry-forward stocks of 8.8 million tonnes. The
country is expected to produce 25 million tonnes this year against a demand of 23 million tonnes.

A pick-up in exports could help mills in trimming inventory and support prices, dealers said.

Indian traders have struck deals to export about 175,000 tonnes of raw sugar for DecemberJanuary delivery, marking their first sale in the new season that started on Oct. 1.

Spot sugar was unchanged at 3,200.00 rupees per 100 kg at the Kolhapur market in topproducing Maharashtra state. 

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RESEARCH VIA COMMODITY TIPS FOR 09/OCT/13

Precious Metals

SILVER  GOLD

                                                          D A I L Y B U Z Z

Gold futures prices today rose by 0.22 per cent to Rs 29,549 per 10 gram as speculators enlarged positions, largely in tandem with a firming trend overseas.

At the Multi Commodity Exchange, metal prices for delivery in December gained Rs 63, or 0.22 per cent, to trade higher at Rs 29,549 per 10 gram in a turnover of 1,349 lots.

Similarly, the metal prices for delivery in February 2014 edged up by Rs 22, or 0.05 per cent, to Rs 29,230 per 10 gram, clocking a business volume of 9 lots.

Gold rose by 0.17 per cent to USD 1,324.70 an ounce in Singapore today.

Amid a weak trend in the Asian region, silver prices fell by Rs 167, or 0.34 per cent, to trade at Rs 49,463 per kg in futures trade today as speculators reduced positions.

At the Multi Commodity Exchange, silver for delivery in December contract traded Rs 167, or 0.34 per cent, lower at Rs 49,463 per kg in business turnover of 884 lots.

In a similar fashion, the white metal for delivery in far-month March fell by Rs 174, or 0.34 per

cent lower, at Rs 50,601 per kg in four lots.

Base Metals & Energy

COPPER CRUDE OIL

                                                       D A I L Y B U Z Z

Zinc fell by 0.22 per cent to Rs 115.90 per kg in futures trade today as speculators trimmed positions tracking low demand in domestic spot markets even as metal firmed in the global market.

At the Multi Commodity Exchange, zinc prices for delivery in November shed 25 paise, or 0.22 per cent, to Rs 115.90 per kg in business turnover of seven lots.

In similar fashion, the metal for delivery in October traded lower by 20 paise, or 0.17 per cent, to Rs 114.60 per kg in 305 lots.

Market analysts said sluggish domestic demand in the spot market mainly put pressure, but a firming trend in base metals overseas limited the fall.

Agro Outlook

CHANA DHANIYA

                                                    D A I L Y B U Z Z

Supported by strong demand in the spot market and restricted arrivals from producing regions, cardamom prices rose further by Rs 2.40 to Rs 751 per kg in futures trade today.

At the Multi Commodity Exchange, cardamom for delivery in November added Rs 2.40, or 0.32 per cent, to Rs 751 per kg in business turnover of 388 lots.

Similarly, the spice for delivery in October edged up 60 paise, or 0.08 per cent, to Rs 706.50 per kg in 546 lots.

Mentha oil prices moved up by 0.18 per cent to Rs 870.80 per kg in futures trade today as speculators created fresh positions amid rising demand from consuming industries in the spot market.

Besides, tight supplies in the physical market following less arrivals from Chandausi in Uttar Pradesh also supported the uptrend.

At the Multi Commodity Exchange, mentha oil for delivery in October month rose by 1.60, or 0.18 per cent, to Rs 870.80 per kg in business turnover of 206 lots.

Likewise, the oil for delivery in November edged up by Rs 1.30, or 0.15 per cent, to Rs 884.50 per kg in 6 lots.

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COMMODITY REPORT FOR 26/AUG/2013

Precious Metals

S I L V E R   GOLD

                                                   D A I L Y B U Z Z

Gold futures prices today fell by 0.61 per cent to Rs 31,200 per 10 gram as speculators offloaded their positions, taking cues from the global market.Besides, profit-booking by speculators also put pressure on gold futures.

At the Multi Commodity Exchange, gold pr ices for delivery in December fell by Rs 193, or 0.61per cent, to Rs 31,200 per 10 grams in business turnover of 16 lots.

Similarly, metal prices for delivery in October declined by Rs 173, or 0.55 per cent, to Rs 31,271per 10 gram in 393 lots.

Market analysts said the fall in gold futures was mostly attributed to a weak trend overseas asinvestors weighed the minutes of the US Federal Reserve's last meeting, which reinforced
expectations that stimulus will be tapered amid strengthening dollar, reducing appeal for the precious metal as an alternative investment .

Globally, gold prices fell 0.8 per cent to trade at $1,355.30an ounce in Singapore.

Base Metals & Energy

C O P P E R      C R U D E O I L 

                                                   D A I L Y B U Z Z

Supported by a positive economic data and increased domestic demand, copper prices rose by 0.88 per cent to Rs 474.50 per kg in futures trade today as participants enlarged positions.

At the Multi Commodity Exchange, copper for delivery in August traded higher by Rs 4.15, or 0.88 per cent, to Rs 474.50 per kg in business turnover of 1,751 lots.

The metal for delivery in far-month November shot up by Rs 3.20, or 0.67 per cent to Rs 478.50 per kg in 388 lots.

Globally, copper for delivery in three months climbed 0.20 per cent to $7,336 per tonne on the London Metal Exchange.

Crude oil futures prices today rose by 0.71 per cent to Rs 6,777 per barrel as speculators enlarged positions, tracking a firming trend in the Asian region.

At the Multi Commodity Exchange, Crude oil prices for delivery in September traded Rs 48, or 0.71 per cent higher at Rs 6,777 per barrel, with a business turnover of 490 lots.

The crude oil prices for October also up by Rs 47, or 0.64 per cent, to Rs 6,771 per barrel, with a business volume of 208 lots.

Agro Outlook

CHANA    DHANIYA

                                              D A I L Y B U Z Z

Soybean future prices firmed up by Rs 72 to Rs 3,350 per quintal in futures trade today on increased buying by traders in line with firm overseas cues.

Marketmen said rise in price in international markets, supported by low supply and rising domestic demand mainly improved the sentiment here in futures trade.

At the National Commodity and Derivatives Exchange, soybean for October gained Rs 72, or2.20 per cent, to Rs 3,350 per quintal, with an open interest of 84,850 lots.

Prices for November contract also spurted by Rs 66.50, or 2.02 per cent, to Rs 3,360 per quintal,clocking an open interest of 86,060 lots.

Mentha oil prices were up Rs 6.50 to Rs 859 per kg in futures trade today as speculators enlarged

positions, driven by a rising demand in the spot market against restricted arrivals from producing belts.

At the Multi Commodity Exchange, mentha oil for delivery in August month rose by Rs 6.50, or 0.76 percent, to Rs 859 per kg in business turnover of 244 lots.

Similarly, the oil for delivery in September moved up by Rs 6.50, or 0.75 per cent, to Rs 874.80 per kg in214 lots.

In a similar fashion, the spice for delivery in October traded higher by Rs 2.70, or 0.34 per cent, to Rs 791per kg in 30 lots.

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Commodity Update For 19/july/2013

Precious Metals

                                                         D A I L Y B U Z Z

Taking positive cues from the global markets, silver traded higher by 0.62 per cent to Rs 41,180 per kg in futures market today as speculators enlarged their positions.

At the Multi Commodity Exchange, silver for delivery in December rose by Rs 255, or 0.62 per 

cent, to Rs 41,180 per kg in business turnover of 365 lots.

Likewise, the white metal for delivery in September gained Rs 181, or 0.45 per cent, to Rs 

40,335 per kg in 8,624 lots.

Base Metals & Energy

                                                          D A I L Y B U Z Z

Nickel prices moved up by 3,60, or 0.35 per cent to Rs 830.90 per kg in futures market on 

Thursday as speculators enlarged positions, tracking a firming trend in spot market on good 

demand from alloy-makers but weak overseas cues, limtied the gains.

At the Multi Commodity Exchange, nickel for delivery in August gained Rs 3.60, or 0.35 per 

cent, to Rs 830.90 per kg in business turnover of 130 lots.

In a similar fashion, the metal for delivery in September rose marginally by 70 paise, or 0.07 

per cent, to Rs 840.50 per kg in 3 lots.

In the international market, nckel dropped 0.6 per cent to $ 13,893 a tonne at the London 

Metal Exchange.

Agro Outlook

                                                       D A I L Y B U Z Z

Cardamom prices declined by 1.32 per cent to Rs 758 per kg in futures trade today as speculators trimmed their positions amid adequate stocks.

At the Multi Commodity Exchange, cardamom prices for delivery in August declined by Rs 

10.20, or 1.32 per cent, to Rs 758 per kg, with a business turnover of 1,100 lots.

Likewise, the spice prices for delivery in September declined by Rs 8, or 1 per cent, to Rs 788.20 per kg, with a trading volume of 108 lots.

Market analysts said besides profit-booking, subdued demand in the spot markets against 

adequate stocks position also kept pressure on cardamom prices at futures trade.

Potato futures prices today fell by 2.25 per cent to Rs 646.30 per quintal on profit booking by 

traders due to lower domestic demand.

Besides, increased supplies in the physical market from producing regions too dampened 

sentiments.At the Multi Commodity Exchange, potato prices for September delivery fell by Rs 

14.90, or 2.25 per cent, to Rs 646.30 per quintal, with a business volume of 64 lots.

The commodity for delivery in August slipped by Rs 13.80, or 1.93 per cent, to Rs 700 per 

quintal, with a trading volume of 93 lots.

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MCX UPDATE FOR 11/JUNE/2013

Agri Reports:
Oil and Oilseeds Insight: Moderate gains could be noticed in domestic soybean, backed by the anticipation of lower arrivals across the major markets. The IMD has forecast fairly widespread rainfall in the major growing states, mainly Maharashtra and Madhya Pradesh, which could push prices higher today. The anticipation of weakness in the rupee could support gains in prices as soy meal exports could increase. However, investors should be cautious as higher global supplies, mainly from South America could cause lackluster demand for Indian soy meal. In the near-term, we could see corrections in prices as the major importers of Indian soy meal could restrict imports at higher prices.
Spices Insight: 
Commodity                Contract       S2         S1        CLOSE         R1          R2
Turmeric NCDEX        Jul-13       5540      5583         5632        5672        5708
Jeera NCDEX             Jul-13      13243   13278        13318     13367       13411
Chilli NCDEX             Jul-13        5850     5909          5974       6023         6069
Cardamom MCX        Jun-13        676        681         685.4         691           696
Dhaniya NCDEX        Jul-13        6440     6516          6599       6734         6853

Non Agri-Reports:
Metals Insight:
Commodity                    Contract        S2          S1          CLOSE         R1           R2
Copper COMEX              Jun-13       3.219     3.229          3.239        3.245       3.250
Copper LME 3M               Fwd         7116      7141            7168         7192       7213
Copper MCX                   Jun-13      411.3      413.9        416.90        418.5       420.0
Lead LME 3M                   Fwd         2118      2138            2161         2173        2184
Lead MCX                       Jun-13      122.5     123.9         125.50        126.4       127.1
Zinc LME 3M                     Fwd         1863     1874           1887          1896        1905
Zinc MCX                       Jun-13       107.0     107.8         108.60        109.2       109.7
Nickel LME 3M                 Fwd       14763    14824          14890       14972      15045
Nickel MCX                     Jun-13      857.6     862.1           867.1         872.4      877.1
Aluminium LME 3M          Fwd         1914      1919            1925          1932       1940
Aluminium MCX             Jun-13       108.8     109.6          110.4         111.1      111.8
Steel MCX                      Jun-13      27740    27830         27930        28190      28250

Bullion Insight:
Gold: This morning, gold future prices are trading at $1383.60, down 0.10%. The Bank of Japan kept its benchmark rate unchanged and retains its asset purchase program to spur the economic growth. This supported the yen against the dollar and limited the fall in gold prices in the morning. From the euro-zone, UK's industrial production and manufacturing numbers might increase at a slower pace, and should pressurize the pounds against the dollar and weigh down gold prices. During the US hours, it is expected that the NFIB small business optimism should improve on the back of recovery in the US economy while business inventories might stockpile, having a mixed impact on the dollar and gold prices. However, the dollar might appreciate in the evening on the back of concerns that the Fed might scale down the stimulus program from $85 billion to $65 billion, which should pressurize gold prices. At the MCX, we expect a positive opening for non-agri commodities, backed by the depreciation in the rupee against the dollar.Therefore, volatility in the dollar is expected during the US hours. Overall, we recommend remaining on the selling side.

Silver: Silver prices in the morning are trading at $21.81, down 0.50%. From the euro-zone, the UK's industrial production and manufacturing numbers would increase at a slower pace, which should pressurize the pound against the dollar and extend the downside in silver prices. During the US hours, it is expected that the NFIB small business optimism might improve on the back of economic recovery in the US while business inventories might increase, which should have a mixed impact on the dollar. However, the dollar might appreciate in the evening on the back of concerns that the Fed might scale back the stimulus program from $85 billion to $65 billion, which should pressurize silver prices. At the MCX, we expect a positive opening in the non-agri commodities backed by depreciation in the rupee against the dollar. Therefore, we expect some volatility in the dollar during the US hours. Overall, we recommend remaining on the selling side.

Commodity              Contract            S2            S1           CLOSE         R1           R2
Gold Comex              Aug-13         1374.7     1380.0        1386.00     1389.9     1393.5
Gold MCX                 Aug-13          27605      27796           28011       28126      28233
Silver Comex             Jul-13          21.32        21.61             21.93         22.12      22.30
Silver MCX                Jul-13          42753       43415            44162        44557    44924

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Commodity Market Update For 30/may/2013

Gold News

Gold rebounded smartly at the domestic market today on emergence of fresh demand from stockiest and traders as well as good retail buying.

Silver also gained owing to renewed industrial demand. Brisk low-level buying, ongoing wedding season off take and sliding rupee valuations too supported the price trend in the yellow metal. Rupee today hit nearly 10-month low of 56.17 against the greenback. 

Standard gold of 99.5 per cent purity rose by Rs 240 to conclude at Rs 26,630 per 10 gm from Tuesday's closing level of Rs 26,390. 

Pure gold of 99.9 per cent purity shot up by Rs 245 to end at Rs 26,775 per 10 gm from Rs 26,530. 

Silver ready (.999 fineness) firmed up by Rs 230 to conclude at Rs 44,660 per kg as against Rs 44,430 yesterday. 

In overseas trade, the yellow metal traded higher on strong Asian demand despite improving US macroeconomic data amid stimulus uncertainty in the world's largest economy. 

Spot gold rose to USD 1,391 an ounce in European trade, while spot silver was up at USD 22.38 an ounce.

Base metals News

Led by nickel, select copper, brass and aluminum utensils prices recovered at the non-ferrous metal market here today on stockiest buying amidst better demand from industrial users. 

Meanwhile, tin declined on subdued demand from alloy industries. 

In the global, the London Metal Exchange (LME) market was closed for a holiday. 

Nickel shot-up by Rs 10 per kg to Rs 990 from last Saturday's closing level of Rs 980. 

Copper sheet cutting and aluminum utensils scrap climbed by Rs 3 per kg each to Rs 459 and Rs 117 from Rs 456 and Rs 114. 

Brass sheet cutting moved up by Rs 2 per kg to Rs 333 from Rs 331. 

Copper cable scrap, copper armiture, copper wire bar and brass utensils scrap all inched up by a rupee per kg to Rs 482, Rs 463, Rs 510 and Rs 323, respectively.

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MCX Commodity Tips ~ Gold, Silver, Copper, Crude Oil Updates Today 10 April 2013

Gold eased at the domestic bullion market today on further selling from stockists and investors and subdued retail buying, mainly influenced by bearish global trend. Silver ended stable amidst thin activity. Standard gold of 99.5 per cent purity fell by Rs 100 to finish at Rs 29,300 per 10 grams from Monday's closing level of Rs 29,400. 

Pure gold of 99.9 per cent purity also slid by a similar margin to conclude at Rs 29,450 per 10 grams from Rs 29,550. Silver ready (.999 fineness) quoted steady at its previous level of Rs 52,500 per kilo. At the global front, gold declined on strong dollar as well as continued outflows from exchangetraded funds (ETF) put pressure on the metal. 

In New York, gold for June delivery slipped USD 3.40 to USD 1,572.50 an ounce on the Comex division of the NYMEX late yesterday. Silver for May contract went down 8 cents to USD 27.14 an ounce.

Brent crude futures rose above $105 per barrel on Tuesday after data showed China's inflation in March was slower than expected, giving its central bank room to keep monetary policy easy and supportive of oil demand in the world's second-biggest consumer. 

Oil prices were also underpinned by worries over increasing tension in North Korea and a stalemate in talks between Iran and Western nations. Front-month Brent futures rose 55 cents to $105.21 per barrel by 0445 GMT, after moving in a $2-range and finishing 0.5 percent higher in a choppy session on Monday. 

U.S. crude futures rose 31 cents to $93.67 per barrel. Brent may trade between $103 and $110 per barrel in coming weeks, LeBrun added. 

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Weekly MCX Commodity Market Report 25 March 2013

Gold prices fell by 0.25 per cent to Rs 29,752 per ten grams in futures trading today as speculators trimmed their positions in tandem with a weak global trend. At the Multi Commodity Exchange, gold for delivery in April fell by Rs 75, or 0.25 per cent to Rs 29,752 per ten grams in business turnover of 8,063 lots. 

In a similar fashion, the yellow metal for delivery in June lost Rs 72, or 0.24 per cent to Rs 30,315 per ten grams in 1,178 lots. Silver prices moved down by Rs 0.59 per cent to Rs 54,737 per kg in futures trade today as speculators offloaded their positions, tracking a weak global trend. 

At the Multi Commodity Exchange, Silver for delivery in May moved down by Rs 326, or 0.59 per cent to Rs 54,737 per kg in business turnover of 10515 lots. Similarly, the white metal for delivery in July lost Rs 308, or 0.55 per cent to Rs 55,987 per kg in 325 lots.

Lead futures prices today rose by 0.68 per cent to Rs 119 per kg on higher spot demand and positive cues from global markets. At the Multi Commodity Exchange, lead for delivery in March traded 80 paise, or 0.68 per cent higher, at Rs 119 per kg, with a turnover of 2,099 lots. 

The metal for delivery in April also rose by 75 paise, or 0.67 per cent, to Rs 119.75 per kg in a turnover of 360 lots. Taking positive cues from the global markets and better domestic demand, zinc futures prices today edged up by 0.58 per cent to Rs 104.50 per kg as speculators enlarged positions. 

At the Multi Commodity Exchange, zinc for delivery in March up by 60 paise, or 0.58 per cent, to Rs 104.50 per kg, with a business turnover of 1,219 lots. The metal for delivery in April also rose by 55 paise, or 0.52 per cent, to Rs 105.85 per kg in a business volume of 103 lots.

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FREE MCX Commodity (GOLD, COPPER, CRUDE) News Today

Spot gold steadied above $ 1,550 on Tuesday. Gold may remain in range of  Rs. 22,400-22,600 while silver may remain in range of Rs. 53,000-54,500. Copper and other base metals may tad lower and can see some profit booking. Zinc can tumble further lower and can test 101-102 in MCX. Crude oil may also trade in red tracking weak overseas cues. Crude prices can trade in range of Rs. 4,150-4,300 in near term. 

• Precious metals are trading higher on COMEX today. 
• Base metals are trading marginally lower on International bourses today. 
• Crude oil is trading lower on NYMEX today.
• MCX Gold August contract is currently trading at Rs. 22577, it rose by Rs. 105 in today's trade.
• MCX Silver July is trading at Rs. 53787, it is trading flat for the day. 
• MCX Crude Oil July is trading at Rs.  4206, it is trading down by Rs. 15 for the day.
• All Base Metals in MCX are trading flat for the day.

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Today MCX Commodity Market Report and Trends

Bullions may open on firm note tracking positive international cues. Gold may test Rs. 22,900 and silver Rs. 52,000 in domestic market. Spot gold held steady on Tuesday. Base metals may open on flat note amid mixed movement in SHFE. Copper rose on Monday as market sentiment brightened in the wake of solid US manufacturing data last week. Energy prices may also trade flat waiting for further economic data and European news. U.S. crude futures edged up on Tuesday to remain above USD 95 a barrel.

Gold futures moved higher on Tuesday after a warning by ratings agency Standard. Copper prices surged to its highest in more than two months on Monday. Crude prices moved higher on Monday, though the US markets were closed for the Independence Day public holiday.

• MCX Gold August contract is currently trading at Rs. 21755, it is trading flat for the day. 
• MCX Silver July is currently trading at Rs. 50280, it is down by Rs. 280 for the day.
  MCX Crude Oil July contract is currently trading at Rs. 4230. 
• All Base Metals in MCX have opened marginally negative in today's morning  session.
• Lead and Zinc are down by 0.5%. 
• Copper is trading flat for the day.

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MCX Commodity Market (GOLD, COPPER, CRUDE) Report Today

Gold prices got pounded once again on Friday as investors continued to trim down their positions from the safe haven for second straight session. Copper prices surged on Friday as investors opted for bargain hunting. Red metal prices shrugged the decline across rest of the commodities complex. Crude oil prices ended slightly higher in the New York trade on some late hour short covering ahead of the weekend and better than expected durable goods data while it suffered sharp cut in London. Meanwhile, the crude oil prices suffered more in London than the US counterpart due to the loss of Libyan exports. 

Gold futures for August delivery plunged by $19.70, or 1.3%, to settle at $1,500.90 an ounce, after trading as high as $1,549.60 and as low as $1,515, on the Comex division of the New York Mercantile Exchange.

Copper futures for July delivery surged 5.95 cents, or 1.5%, to settle at $4.0985 per lb on the Comex metals division of the New York Mercantile Exchange. Copper for three-month delivery on the LME soared by $90, or 1%, to end at $9,050 a tonne.

Crude oil for August delivery inched up 14 cents, or 0.15%, to $91.16 a barrel on, after trading as high as $92.34 and as low as $89.82 the New York Mercantile Exchange. In London, Brent crude for August delivery shed $2.14, or 2%, to $102.52 a barrel, as high as $108.70 and as low as $103.62 on the ICE.

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