Sundar Pichai Visits India

Sundar Pichai : After taking over the helm of growing Internet search giant Google as its CEO, Sundar Pichai is in India for his maiden visit.

In the course of his 2-day visit, Pichai will also meet Prime Minister Narendra Modi and President Mr. Pranab Mukherjee, with whom a state dinner has also been scheduled for tomorrow. He will also address students at Shri Ram College of Commerce tomorrow.

Pichai on Wednesday delivered the keynote address at a Google for India event, outlining the company's plans for Asia.

Herer are five takeaways from his address.

1. 100 railway stations to have wi-fi by Dec 2016 in partnership with Railtel.

2. Mumbai Central to go live by January.

3. Google will build new campus, ramp up engineering presence in Hyderabad to make products for India

4. Google will up hiring in Bengaluru.

5. Google will help women from three lakh villages all over India to get online in three years.

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Jeera prices closed lower by 1.4 %

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Jeera prices closed lower by 1.4 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the producing regions in the midst of a decline in the export demand. At the NCDEX, jeera futures for September 2015 contract closed at Rs. 15,440 per quintal, down by 1.4 per cent, after opening at Rs. 15,595 against the previous closing price of Rs.15,660. It touched the intra-day low of Rs. 15,350.
 

Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year.
 

India exports Jeera mainly to the US, UK, UAE, Japan, Brazil, Bangladesh, Singapore and many other countries. Other Major exporters are Syria and Turkey.

 

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Restricted supply, firm demand lifts Cardamom futures

Cardamom prices rose by 0.20 per cent on Thursday at the Multi Commodity Exchange (MCX) on account of good buying support from both exporters and upcountry buyers and also on hopes of improved export demand. At MCX, Cardamom futures for September 2015 contract were trading at Rs 975.40 per kg, up by 0.20 per cent, after opening at Rs. 972 against the previous closing price of Rs. 973.50. It touched the intra-day high of Rs. 976.70 till the trading. (At 10.45 AM today). Sentiment improved further as a result of firm demand in the market against restricted arrivals from producing belts of Chandausi in Uttar Pradesh.Kerala (70 per cent), Karnataka (20 per cent) and Tamil Nadu (10 per cent) are the cardamom growing states in India while about 90 per cent of the produce is consumed within the nation. The important markets for cardamom in India are Vandanmendu, Bodinayakanur, Kumily, Thekkady, Kumbum and Pattiveeran Patti in Kerala.

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Chana Prices Closed Higher 0.53 percent on Thursday

Chana prices closed higher 0.53 percent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the traders enlarged their holdings in the commodity on account of the good demand in the market. At the NCDEX, chana futures for September 2015 contract closed at Rs. 4,760 per quintal, up by 0.53 per cent, after opening at Rs. 4,731 against the previous closing price of Rs. 4,735. It touched the intra-day high of Rs. 4,809.

Moreover, the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices.India is the largest producer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tonnes and contributes around 70 per cent of the total world production.
 

At the NCDEX, chana futures for September 2015 contract closed at Rs. 4,731 per quintal, down by 1.89 per cent, after opening at Rs. 4,830 against the previous closing price of Rs. 4,822. It touched the intra-day low of Rs. 4,697. India is the largest producer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tonnes and contributes around 70 per cent of the total world production.

 

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Crude oil prices notched up handsome gains in the domestic market

Mcx Commodity Tips : Crude oil prices notched up handsome gains in the domestic market on Monday as traders gave thumbs up to the Greek debt deal, easing worries over energy demand in the 19-member Euro area. Greece reached an agreement with its creditors to secure new rescue aid, eliminating any threat of the debt-strapped nation being pushed out of the euro. Prime Minister Alexis Tsipras submitted to creditors’ demands for streamlining value added taxes, broadening the tax base to boost revenue and limiting pension costs, paving way for new European bailout aid worth 86 billion euro, helping the cash-strapped nation to remain a part of the single currency union. However, speculation that an Iran nuclear deal may exasperate a global crude supply glut as the West gradually lifts sanctions on the Islamic nation, kept oil price gains in check. Officials from Iran and the West were said to be nearing a landmark deal on Iran’s disputed nuclear program that may help Iran double its crude shipments. Meanwhile, OPEC, which accounts for about 40 per cent of global crude supplies, cut the demand forecast for its crude by 100,000 barrels per day to 29.2 million barrels per day in 2015 while raising its forecast for non-OPEC supply growth by 180,000 barrels per day to 860,000 barrels per day. The OPEC expects world oil demand to grow 1.28 million barrels per day in 2015, an increase of 100,000 barrels per day from its previous forecast. Oil may trade on a subdued note today amid ongoing talks between Iran and the West and caution ahead of US retail sales data. At the MCX, Crude oil futures, for the July 2015 contract, closed at Rs 3,350 per barrel, up by 0.57 per cent, after opening at Rs 3,316, against the previous close price of Rs 3,331. It touched an intraday high of Rs 3,379.

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Mcx Commodity Tips and updates for 9 July 2015

Mcx Commodity Tips : Scripting a smart rebound, the yellow metal bounced back on Wednesday as heightened turmoil in China’s equities and fears that Greece may be pushed out of the euro bolstered safe haven demand for Gold. China’s stock market rout showed no signs of easing with the Shanghai Composite bleeding nearly 6 per cent on Wednesday, defying government measures to arrest a near four-week slump in equities. Late Wednesday, China banned major shareholders from selling stakes in listed companies, the latest in a series of measures undertaken by policymakers that have included interest rate cuts to loosening of bank’s reserve requirements and suspension of new share sales to restore confidence in the country’s stock market that has eroded more than USD 3 trillion in value. Meanwhile, Greece has until Thursday night to submit fresh economic reform measures including spending cuts to press for a new bailout and convince European leaders to keep the cash-strapped country in the euro. Greece on Wednesday made an official request for a three-year bailout from Europe’s. The FOMC minutes which highlighted risks from Greece to China, to the US economy stressed that officials are awaiting a further evidence of stronger economic growth including a pickup in consumer spending before deciding to tighten policy. Gold may extend gains today on expectations of delayed US rate lift-off while awaiting Greece’s response to Europe’s calls for a wave of new reforms to win new bailout aid.

At the MCX, Gold futures for August 2015 contract closed at Rs 26,213 per 10 gram, up by 0.70 per cent after opening at Rs 26,008, against the last closing price of Rs 26,032. It touched the intra-day high of Rs 26,248 till the closing.

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Mcx Commodity Tips and Updates for 18 June 2015

Jeera prices closed lower by 0.58 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the producing regions in the midst of a decline in the export demand. At NCDEX, jeera futures for June 2015 contract closed at Rs. 16,300 per quintal, down by 0.58 per cent, after opening at Rs. 16,510 against the previous closing price of Rs. 16,395. It touched the intra-day low of Rs. 16,240.

Barley prices closed higher by 0.24 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of strong demand from beer and cattle-feed making industries against restricted supply in physical markets. At NCDEX, barley futures for June 2015 contract closed at Rs. 1,250 per quintal, up by 0.24 per cent, after opening at Rs. 1,250 against the previous closing price of Rs. 1,247. It touched the intra-day high of Rs. 1,251.

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Agro Outlook Updates and Tips for 1 June 2015

Mcx commodity tips : Jeera prices closed higher by 0.8 % on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors increased their holdings in the commodity in the midst limited arrivals from growing regions. At NCDEX, jeera futures for June 2015 contract closed at Rs. 17,545 per quintal, up by 0.8 per cent, after opening at Rs. 17,480 against the previous closing price of Rs. 17,405. It touched the intra-day maximum of Rs. 17,670.

Maize prices ended lower by 0.26 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of heavy selling activity by the traders on account of higher global supplies and weak offtakes from the local buyers. At NCDEX, maize futures for June 2015 contract closed at Rs. 1,153 per quintal, down by 0.26 per cent, after opening at Rs. 1,155 against the previous ending price of Rs. 1,156. It touched the intra-day low-lying of Rs. 1,153.

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RESEARCH VIA MCX COMMODITY PRECIOUS METALS TIPS & AGRO OUTLOOK 30 JAN 2014

Precious Metals
SILVER  GOLD
                                                             D A I L Y B U Z Z
Gold prices moved down by 0.70 per cent to Rs 28,700 per 10 grams in futures trade today after participants off-loaded positions, taking weak cues from the global market.

At the Multi Commodity Exchange, Gold for delivery in April declined by Rs 203, or 0.70 per cent, to Rs 28,700 per 10 grams in business turnover of 452 lots.

Likewise, the metal for delivery in February shed Rs 133, or 0.48 per cent, to Rs 29,378 per 10 grams in 1,672 lots. Market analysts said a weak trend in the overseas markets amid expectations that stimulus will be cut further as the US Federal Reserve decides on monetary policy, mainly put pressure on the gold prices at futures trade here.

Globally, gold lost 0.6 per cent to USD 1,248.90 an ounce in Singapore.

Agro Outlook
CARDAMOM  MENTHA OIL
                                                           D A I L Y B U Z Z
Cardamom prices rose by 0.40 per cent to Rs 724.90 per kg in futures trade today after speculators enlarged positions supported by good buying in the spot markets.

Sentiment improved further as a result of firm demand in the spot market against restricted arrivals from producing belts.

At the Multi Commodity Exchange, cardamom for February contracts rose by Rs 2.90, or 0.40
per cent, to Rs 724.90 per kg, with a trading volume of 136 lots. The spice for delivery in March
was trading up by Rs 2.80, or 0.37 per cent, to Rs 755 per kg, with a business volume of 44 lots.

Mentha oil prices rose by 0.44 per cent to Rs 819.20 per kg in futures trade today as traders
created fresh positions, driven by pick up in demand from consuming industries in spot markets.
The trading sentiment improved further on lower arrivals from major producing area of Chandausi in Uttar Pradesh.

At the Multi Commodity Exchange, mentha oil for delivery in January rose by Rs 3.60, or 0.44 per cent, to Rs 819.20 per kg, clocking a business volume of 120 lots.

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