Today's Share market overview 31 Dec, 2015

India beats China through GDP growth in 2015; may grow 7-7.5% in 2016.

Expect revenue growth of atleast 10-15% in CY16: ITD Cementation.

NSE to include Jet Airways, 3 others in F&O segment on 1st jan.

Cadila Healthcare hits 52-week low, down 15% on USFDA warning for 2 units.

Full benefits of digitisation to show in FY17 earnings: Hathway.

Foodgrain outcome dips in 2015; Revival unlikely in New Year.

It's been a wild ride: Investing in China in 2015.

Energy, iron ore, precious metals suffered losses in 2015 year.

Videocon Industries redeems $194.40 mn FCCBs.

Hold 29.38% in Tide Water Oil post open offer.

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Natural Gas futures Drop Ahead of Storage Data

commodity updates - Natural Gas futures Ended Down in the domestic market on Thursday as investors and speculators stayed cautious ahead of Thursday’s weekly storage data which may signal the strength of the demand for the heating fuel in the world’s biggest economy.
 

In the week ended November 6, US gas supplies climbed by 49 billion cubic feet, the EIA said.
 

Meanwhile, colder than normal weather forecasts in parts of the US bolstered the demand outlook for the heating fuel, trimming losses in natural gas futures. November to March is the peak US gas heating season. About 49 per cent of US households use natural gas for heating .
 

At the MCX, Natural Gas futures for November 2015 contract closed at Rs 155.9 per mmBtu, down by 0.95 per cent, after opening at Rs 157.1, against the previous closing price of Rs 157.4. It touched an intra-day low of Rs 154.6.

 

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Cardamom prices rise by 1.03 percent on Tuesday

 

Cardamom prices rose by 1.03 per cent on Tuesday 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 862.50 per kg, up by 1.03 per cent, after opening at Rs. 855 against the previous closing price of Rs. 853.70. It touched the intra-day high of Rs. 853 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,  Kumbum,Thekkady, and Pattiveeran Patti in Kerala.

 

 

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RESEARCH VIA COMMODITY CALLS : BUY DHANIYA, ZINC, NG, CRUDE OIL

REVIA NCDEX: BUY DHANIYA MAY ABOVE 9724 TGTS 9764/9834 SL 9684 (9977785000) WWW.RESEARCHVIA.COM  
REVIA NCDEX: DHANIYA HIT 1ST TGT 9764 CMP 9779 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA MCX: BUY ZINC ABOVE 122.15 TGTS 122.55/123.25/124.25 SL 121.65 (9977785000) WWW.RESEARCHVIA.COM
REVIA MCX: ZINC HIT 1ST TGT 122.55 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA MCX: BUY NG ABOVE 274.40 TGTS 276.40/279.40/283.40 SL 272.40 (9977785000) WWW.RESEARCHVIA.COM
REVIA MCX: NG HIT 1ST TGT 276.40 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

REVIA MCX: BUY CRUDE OIL ABOVE 6160 TGTS 6180/6210/6250 SL 6130 (9977785000) WWW.RESEARCHVIA.COM
REVIA MCX: CRUDE OIL HIT 1ST TGT 6180 BOOK PART PROFIT (9977785000) WWW.RESEARCHVIA.COM

FOR MORE INFORMATION CALL ON THIS  MOB. NO. 9977785000 OR VISIT ON http://www.researchvia.com

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DAILY MCX NCDEX REPORT 12 MARCH 2014

Precious Metals
                                                        D A I L Y B U Z Z
GOLD
Extending its falling trend, gold prices moved down by 0.37 per cent to Rs 30,013 per 10 gram in futures trade today as participants indulged in trimming positions even as the metal recovered in global markets.

At the Multi Commodity Exchange, gold for delivery in April eased by Rs 110, or 0.37 per cent, to Rs 30,013 per 10 gm in a business turnover of 2,011 lots. Likewise, the metal for delivery in far-month June shed Rs 73, or 0.25 per cent, to Rs 29,368 per 10 gm in 299 lots.

Globally, gold rose as much as 0.3 per cent to $1,344.02 an ounce in Singapore today.

SILVER
Silver prices fell by 0.30 per cent to Rs 46,762 per kg in futures trade today as speculators trimmed their positions despite a firming trend in the overseas markets.

At the Multi Commodity Exchange, silver for delivery in July traded lower by Rs 143, or 0.30 per cent, to Rs 46,762 per kg in a business turnover of 32 lots.

Similarly, the white metal for delivery in May declined by Rs 134, or 0.29 per cent, to Rs 45,839 per kg in a business volume of 1,704 lots.

Agro Outlook
                                                      D A I L Y B U Z Z
CARDAMOM
Cardamom futures remained higher and prices added 0.33 per cent to Rs 792 per kg today as speculators enlarged their positions on rising demand in the spot market.

Besides, tight stocks position in the physical market due to restricted arrivals from producing belts further fuelled the uptrend.

At the Multi Commodity Exchange, cardamom for delivery in March added Rs 2.60, or 0.33 per cent, to Rs 792 per kg in a business turnover of 3 lots. However, the spice for delivery in April traded lower by Rs 2, or 0.24 per cent, to Rs 831.50 per kg in 373 lots.

REFINED SOYA OIL
Refined soya oil prices fell 0.66 per cent to Rs 737.45 per 10 kg in futures trading today as speculators locked-in gains driven by sluggish demand in the spot market.

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in April fell by Rs 4.90, or 0.66 per cent, to Rs 737.45 per 10 kg with an open interest of 1,23,870 lots.

Similarly, the oil for delivery in March traded lower by Rs 4.55, or 0.62 per cent, to Rs 733.60 per 10 kg in 28,880 lots.

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TODAY MCX COMMODITY TIPS 11 MARCH 2014

Base Metals & Energy
                                                          D A I L Y B U Z Z
LEAD
Lead futures were up 0.31 per cent at Rs 130.35 per kg as participants enlarged position on rising spot demand at domestic markets amid a firming trend overseas.

At the Multi Commodity Exchange, lead for delivery in March traded 40 paise, or 0.31 per cent, higher at Rs 130.35 per kg, with a turnover of 471 lots. The metal for delivery in April also rose by 30 paise, or 0.23 per cent, to trade at Rs 131.45 per kg, in a business turnover of 3 lots.

ZINC
Zinc futures prices today fell marginally by 0.35 per cent to Rs 126.45 per kg, largely in line with a weak trend in the global markets and subdued spot demand.

At the Multi Commodity Exchange, zinc for delivery in April fell by 45 paise, or 0.35 per cent, to Rs 126.45 per kg, with a business turnover of 44 lots.

Likewise, the metal for delivery in March fell by 40 paise, or 0.32 per cent, to trade at Rs 125.75 per kg, with a business turnover of 844 lots.

Marketmen said besides sluggish domestic demand, a weak trend in the entire base metals at the London Metal Exchange (LME) following weak Chinese economic data, which raised demand concern, put pressure on Zinc futures prices here.

Agro Outlook
                                                         D A I L Y B U Z Z
CHANA
Chana prices moved up by 0.60 per cent to Rs 3340 per quintal in futures trading today as speculators enlarged their positions, driven by rising demand in the spot market against tight supplies from producing regions.

At the National Commodity and Derivatives Exchange, Chana for delivery in April moved up by Rs 20, or 0.60 per cent to Rs 3,340 per quintal with an open interest of 95,430 lots. Similarly, the commodity for delivery in May contract gained Rs 17, or 0.51 per cent to Rs 3382 per quintal in 39690 lots.

JEERA
Jeera prices dropped 1.64 per cent to Rs 10,485 per quintal in futures market today as speculators offloaded positions, triggered by increased supply from producing belts.

Further, expectations of higher production also put pressure on jeera prices.

At the National Commodity and Derivatives Exchange, jeera for delivery in March drifted by Rs 175, or 1.64 per cent to Rs 10,485 per quintal with an open interest of 2,982 lots. Similarly, the spice for delivery in April lost Rs 155, or 1.45 per cent to Rs 10,570 per quintal in 9,129 lots. 

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MCX PRECIOUS METALS TIPS, AGRO OUTLOOK 25 FEB 2014

Precious Metals
                                                               D A I L Y B U Z Z
GOLD
Gold rebounded from intraday lows on Monday, adding to last week's gains, as speculators ditched equities on persistent worries over the pace of the US economic recovery and China's growth. Investors on Friday had increased bullish bets on bullion after prices broke through tough resistance at $1,300 an ounce, with weak US manufacturing data and uncertainty over China's economic expansion lifting the metal's safe haven appeal.

Gold hit a low of $1,318.71 an ounce earlier in the session, but stood at $1,327.00 by 0710 GMT,
up $3.99. Last week's rally lifted prices to a 3-1/2 month high at $1,332.10, and gold has gained more than 9 percent so far this year.

"I think $1,335 seems to be capped for the time being," said the chief dealer at Lee Cheong Gold
Dealers in Hong Kong, referring to the next resistance level.

"There are small amounts of buying in the physical side, although selling is also not that much. Premiums haven't changed at all," he said.

Political tensions in Thailand have yet to spur safe-haven buying but could affect trading activity. Prime Minister Yingluck Shinawatra has left Bangkok and is staying 150 km (90 miles) away, her office said on Monday, without specifying the location.

Agro Outlook
                                                               D A I L Y B U Z Z

CHANA
Amid strong domestic demand, chana prices rose 0.63 per cent to Rs 3,013 per quintal in futures trade today as speculators enlarged position.

At the National Commodity and Derivative Exchange, chana for delivery in April rose by Rs 19, or 0.63 per cent to Rs 3,013 per quintal with an open interest of 84,260 lots.

In a similar fashion, the commodity for delivery in May traded higher by similar margin to Rs 3,057 per quintal in 28,230 lots.

Analysts attributed the firmness in chana futures to rising demand at spot market from dal millers against limited arrivals from producing regions.

REFINED SOYA OIL
Refined soya oil traded higher by 0.25 per cent to Rs 695.40 per 10 kg in futures trade today as speculators created positions amid pick-up in domestic demand due to the ongoing marriage season. At the National Commodity and Derivatives Exchange, refined soya oil for delivery in May rose by Rs 1.70, or 0.25 per cent, to Rs 695.40 per 10 kg with an open interest of 52,580 lots. Similarly, the oil for delivery in May edged up by Rs 1.55, or 0.22 per cent, to Rs 704.65 per 10 kg in 87,310 lots. 

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MCX COMMODITY GOLD TIPS, SILVER UPDATE 21 FEB 2014

Precious Metals
D A I L Y B U Z Z
GOLD
Gold prices moved down further by 0.47 per cent to Rs 29,890 per 10 grams in futures trade today and indulged in offloading of positions, taking weak cues from the global market.

At the Multi Commodity Exchange, Gold for delivery in April declined by Rs 141, or 0.47 per cent, to Rs 29,890 per 10 grams in business turnover of 524 lots.

Likewise, the metal for delivery in far-month June shed Rs 135, or 0.46 per cent, to Rs 29,410 per 10 grams in 20 lots.

SILVER
Silver prices fell by 0.85 per cent to Rs 47,380 per kg in futures trade today, tracking a weak trend in the global market.

At the Multi Commodity Exchange, Silver for delivery in March fell by Rs 407, or 0.85 per cent, to Rs 47,380 per kg in business turnover of 1,098 lots.

Similarly, the white metal for delivery in May declined by Rs 399, or 0.82 per cent, to Rs 48,400 per kg in business volume of 70 lots.

FOR MORE INFORMATION CALL ON THIS  MOB. NO. 9977785000 OR VISIT ON http://www.researchvia.com

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RESEARCH VIA DAILY COMMODITY AGRO TIPS, BASE METALS & ENERGY UPDATES 06 FEB 2014

Agro Outlook

                                                         D A I L Y B U Z Z

CARDAMOM

Cardamom futures rose nearly three per cent to Rs 841.50 per kg in futures trade today as speculators enlarged positions driven by rising demand in spot markets amid thin arrivals.

At the Multi Commodity Exchange, cardamom for delivery in March rose by Rs 24.50, or 2.99 per cent, to Rs 841.50 per kg, with a business turnover of 926 lots.

The delivery in February also up by Rs 22.50, or 2.86 per cent, to Rs 809.20 per kg, with a trading volume of 677 lots. 

CORIANDER

Coriander prices rose by 1.13 per cent to Rs 8,173 per quintal in futures trade today as speculators enlarged their positions supported by rising demand in the spot markets amid limited stocks on account of restricted arrivals from the major growing belts.

Sentiment improved further as the investors enlarged theirAt the National Commodity and Derivative Exchange, coriander for February delivery gained Rs 91, or 1.13 per cent, to Rs 8,173 per quintal with an open interest of 27,900 lots.

Similarly, the spice for delivery in April traded higher by Rs 37, or 0.42 per cent, to Rs 8,920 per quintal, with an open interest of 27,060 lots. 

Base Metals & Energy

D A I L Y B U Z Z

CRUDE OIL

Crude oil futures traded 0.61 per cent higher at Rs 6,112 per barrel today as speculators created fresh positions amid a firm trend in Asia.

At the Multi Commodity Exchange, Crude oil for delivery in February gained Rs 37, or 0.61 per cent, to Rs 6,112 per barrel, with a business turnover of 2,764 lots. 

Oil for March delivery moved up by Rs 35, or 0.58 per cent, to Rs 6,102 per barrel, with a business volume of 171 lots. Marketmen said the rise in crude oil futures was largely in tandem with a firming trend in Asia as extra cold weather in the United States bolstered demand for heating fuel. 

Meanwhile, crude oil for March delivery advanced by 40 cents to $97.59 a barrel in midmorning trade at the New York Mercantile Exchange. 

READ MORE :  COMMODITY TIPS

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DAILY COMMODITY REPORT ON BASE METALS ENERGY & AGRO 29 JAN 2014

Base Metals & Energy
NICKEL 
                                                             D A I L Y B U Z Z
Amid a weak global trend and low domestic demand, nickel prices declined 0.52 per cent to Rs 907.60
per kg in futures trade today as speculators trimmed their positions.

Sentiment remained bearish after industrial metals retreated in global markets as manufacturing data from China fell below expectations.

At the Multi Commodity Exchange, nickel for delivery in January declined by Rs 4.70, or 0.52 per cent, to Rs 907.60 per kg in a business turnover of 1,158 lots.

Similarly, the metal for delivery in February shed Rs 4.50, or 0.49 per cent, to Rs 913.50 per kg in 168
lots.

Market analysts said speculators trimmed their positions in line with a bearish global trend that put
pressure on nickel prices at futures trade.

Meanwhile, nickel fell 0.3 per cent to $14,750 a tonne at the London Metal Exchange.

Agro Outlook
                                                       D A I L Y B U Z Z
CARDAMOM
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
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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RESEARCH VIA MCX DAILY COMMODITY UPDATE 24 JAN 2014

Precious Metals
SILVER  GOLD
                                                     D A I L Y B U Z Z
GOLD
Tracking a weak global trend, gold prices declined by 0.18 per cent to Rs 29,187 per ten grams
in futures trade today as speculators offloaded their positions.

At the Multi Commodity Exchange, gold for delivery in February declined by Rs 54, or 0.18 per cent, to Rs 29,187 per ten grams in a business turnover of 1,498 lots.

Similarly, the yellow metal for delivery in April traded lower by Rs 31, or 0.11 per cent, to Rs 28,615 per ten grams in 53 lots.

SILVER
Silver prices declined 0.20 per cent to Rs 44,391 per kg in futures trade today as speculators trimmed positions on weak global trend.

At the Multi Commodity Exchange, Silver for delivery in March fell by Rs 89, or 0.20 per cent, to Rs 44,391 per kg in business turnover of 2,026 lots.

Likewise, the white metal for delivery in May declined by Rs 51, or 0.11 per cent, to Rs 45,405 per kg in 77 lots.

Agro Outlook
CARDAMOM
                                                    D A I L Y B U Z Z
Continuing its rising streak for the fourth day, cardamom prices gained 0.30 per cent to Rs 739.60 per kg in futures trading today as speculators enlarged positions, driven by rising demand in the spot market.

Tight supplies in the physical market following less arrivals from producing regions also influenced cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in March gained Rs 2.20, or 0.30 per
cent, to Rs 739.60 per kg in a business turnover of 8 lots. Likewise, the spice for delivery in February edged up by 90 paise, or 0.13 per cent, to Rs 708.60 per kg in 57 lots.

Market analysts said rising demand in the spot market amid tight supplies from producing
region led to the uptrend in cardamom for the fourth-day at futures trade. 

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REVIA DALILY COMMODITY UPDATE FOR 21 JAN 2013

Precious Metals
GOLD  SILVER
                                                                D A I L Y B U Z Z
GOLD
Gold prices rose by 0.27 per cent to Rs 29,345 per ten grams in futures trade today as speculators created fresh positions, tracking firm global trend.
At the Multi Commodity Exchange, Gold for delivery in February rose by Rs 80, or 0.27 per cent, to Rs 29,345 per ten grams in a business turnover of 952 lots.
Similarly, the metal for delivery in April gained Rs 57, or 0.20 per cent, to Rs 28,701 per ten grams in 88 lots. Market analysts said speculators created fresh positions in tandem with a firm global trend where gold rose to six-week high that led to rise in gold prices at futures trade. 
SILVER
Silver prices moved up by 0.18 per cent to Rs 46,200 per kg in futures trading today as speculators enlarged their positions, supported by a higher global trend.
At the Multi Commodity Exchange, Silver for delivery in May rose by Rs 83, or 0.18 per cent, to Rs 46,200 per kg in a business turnover of 40 lots.
Likewise, the white metal for delivery in March moved up by Rs 74, or 0.16 per cent, to Rs 45,210 per kg in 1,935 lots.

Base Metals & Energy
LEAD  NICKEL
                                                              D A I L Y B U Z Z
LEAD
Lead prices traded higher by 0.26 per cent to Rs 135.55 per kg in futures market today as speculators
created fresh positions due to rise in demand from battery-makers in the spot market.

At the Multi Commodity Exchange, lead for delivery in January rose by 35 paise, or 0.26 per cent, to Rs 135.55 per kg in a business turnover of 1,385 lots.

Likewise, the metal for delivery in February traded higher by 30 paise, or 0.22 per cent, to Rs 136.75 per kg in 114 lots. Market analysts said speculators created fresh positions after a rise in demand from
battery-makers in the spot market helped lead prices to trade higher at futures trade.

NICKEL
Tracking a lower global trend, nickel prices fell by 0.86 per cent to Rs 890.50 per kg in futures trade
today as speculators trimmed their positions.

At the Multi Commodity Exchange, nickel for delivery in January fell by Rs 7.70, or 0.86 per cent, to Rs 890.50 per kg in a business turnover of 3,361 lots.

Similarly, the metal for delivery in February lost Rs 7.30, or 0.81 per cent, at Rs 897.20 per kg in 255
lots. Tracking a lower global trend, nickel prices fell by 0.86 per cent to Rs 890.50 per kg in futures trade today as speculators trimmed their positions. Market analysts said speculators trimmed their positions in tandem with a lower global trend that put pressure on nickel prices at futures trade. Meanwhile, the metal lost 1.4 per cent to $14,494 a tonne on the London Metal Exchange.

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RESEARCH VIA DAILY COMMODITY REPORT FOR 20 JAN 2014

Precious Metals
GOLD SILVER
                                                             D A I L Y B U Z Z
Gold prices ended the week above Rs 29,000 level by gaining Rs 231 to Rs 29,265 per ten grams in futures trade Friday as the market participants enlarged their positions, moving in tandem with a firming trend overseas. At the Multi Commodity Exchange (MCX), gold for delivery in April rose by Rs 231 to settle at Rs 29,265 per ten grams after moving in range of Rs 28,911 - Rs 29,310.

Similarly, silver for delivery in March climbed by Rs 591 to Rs 45,136 per Kg.

Gold in overseas markets, which normally set price trend on the domestic front, moved higher by nearly 1 percent.

Spot gold last traded up USD 9.50 or 0.76 percent at USD 1,253.20 an ounce after making a high and low of USD 1,256.20 and USD 1,237.20 respectively in intra-day trade.

Agro Outlook
CHANA  DHANIYA
                                                        D A I L Y B U Z Z
Continuing its losing streak for the third straight session, cardamom prices fell by 0.39 per cent
to Rs 758.60 per kg in futures market as speculators engaged in trimming positions due to weak
demand.
At the Multi Commodity Exchange, cardamom for delivery in far-month April fell by Rs 3, or
0.39 per cent, to Rs 758.60 per kg in business turnover of 2 lots.
Similarly, the spice for delivery in March declined by Rs 1.40, or 0.19 per cent, to Rs 731.80 per
kg in 14 lots. However, spice for delivery in February held steady at Rs 703 per kg in 95 lots.
Market analysts said speculators trimmed positions amid weak demand in the spot market
against adequate stocks position which kept pressure on cardamom prices.

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RESEARCH VIA MCX COMMODITY TIPS FOR 09 JAN 2014

Precious Metals
GOLD  SILVER
                                                        D A I L Y B U Z Z
Gold prices fell by Rs 160 to Rs 30,000 per ten grams in the national capital today on sustained selling by stockists against sluggish demand amid a weak global trend.

Silver also dropped by Rs 1,050 to Rs 44,300 per kg on reduced offtake by industrial units, particularly coin makers, amid weak global cues.

In Mumbai, Gold of 99.9 and 99.5 per cent purity traded at Rs 29,850 and Rs 29,700 per ten grams, respectively, while silver enquired at Rs 45,000 per kg.

Traders said sustained selling by stockists against sluggish demand and a weak global trend as strengthening dollar reduced the metal's appeal as an alternative investment mainly led to the fall in the prices of the precious metal.

Gold in Singapore, which normally sets price trend on the domestic front, fell 0.5 per cent to $1,225.71 an ounce and silver by 1.1 per cent to $19.64 an ounce.

At the domestic front, gold of 99.9 and 99.5 per cent purity fell further by Rs 160 each to Rs 30,000 and Rs 29,800 per ten grams, respectively. Sovereign declined by Rs 100 to Rs 25,000 per piece of eight gram. Silver ready dropped by Rs 1,050 to Rs 44,300 per kg and weekly-based delivery by Rs 1,200 to Rs 44,300 per kg.

Base Metals & Energy
COPPER  CRUDE OIL 
                                                          D A I L Y B U Z Z
Nickel prices moved up by 0.13 per cent to Rs 852.20 per kg in futures trade today as speculators
enlarged their positions driven by rising demand from alloy-makers in the spot market.

At the Multi Commodity Exchange, nickel for delivery in January gained Rs 1.10, or 0.13 per cent, to Rs 852.20 per kg in a business turnover of 1,411 lots.

Similarly, the metal for delivery in February moved up by 90 paise, or 0.10 per cent, to Rs 860.40 per kg in 44 lots.

SOURCE : Commodity Tips, mcx ncdex tips

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REVIA PRECIOUS METALS TIPS & AGRO UPDATE 07 JAN 2014

GOLD  SILVER

                                                     D A I L Y B U Z Z

Tracking a firm global trend, gold prices rose by Rs 213 to Rs 28,410 per 10 grams in futures trade today as speculators enlarged their positions.

Sentiment bolstered after gold surged to over 2-week high in overseas markets on speculation that demand will increase in Asia, the largest consuming region, traders said.

At the Multi Commodity Exchange, gold for delivery in far-month April rose by Rs 213, or 0.76 per cent to Rs 28,410 per 10 grams in business turnover of 122 lots.

In a similar fashion, the yellow metal for delivery in February moved up by Rs 162, or 0.56 per cent to Rs 29,130 per 10 grams in 1,529 lots.

Globally, gold climbed one per cent to $1,237.03 an, the highest level since December 18, in Singapore. 

CHANA  DHANIYA

                                                  D A I L Y B U Z Z

Chana prices declined by 0.42 per cent to Rs 3,061 per quintal in futures trading today as participants trimmed positions, triggered by increased supplies from producing regions.

At the National Commodity and Derivative Exchange, chana for delivery in January declined by Rs 13, or 0.42 per cent, to Rs 3,061 per quintal with an open interest of 65,900 lots.

Similarly, the commodity for delivery in February traded lower by similar margin to Rs 3,116 per quintal in 58,850 lots.

Analysts said participants trimmed positions, triggered by increased supplies from producing regions against low demand in the spot market mainly weighed on chana prices at futures trade.

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RESEARCH VIA DAILY COMMODITY REPORT FOR 17 DEC 2013

Precious Metals

GOLD  SILVER 

                                                    D A I L Y B U Z Z

Gold prices fell 0.45 per cent to Rs 29,299 per 10 grams in futures trading today as participants reduced positions largely in tandem with a weak overseas trend.

At the Multi Commodity Exchange, Gold for delivery in February next year eased by Rs 133, or 0.45 per cent, to Rs 29,299 per 10 grams in a business turnover of 371 lots.

Likewise, the metal for delivery in far-month April shed Rs 85, or 0.29 per cent, to Rs 28,814 per 10 grams in seven lots.

Analysts said a weak trend in the overseas markets amid speculation that Federal Reserve policy makers may decide to start cutting back asset purchases this week, and as a survey showed that holdings in exchange-traded products will contract further next year, mainly weighed on gold prices at futures trade.

Globally, gold fell 0.3 per cent to USD 1,234.90 an ounce in Singapore today.

Base Metals & Energy

COPPER  CRUDE OIL

                                                  D A I L Y B U Z Z

Crude oil futures prices fell by 0.53 per cent to Rs 6,002 per barrel today as speculators trimmed positions despite a firming trend in Asian trade.

At the Multi Commodity Exchange, crude oil for delivery in December fell by Rs 32, or 0.53 per cent, to Rs 6,002 per barrel in 854 lots.

Similarly, oil for delivery in January next year moved down by Rs 30, or 0.49 per cent, to Rs 6,059 per 

barrel in 80 lots. Market analysts said trimming of positions by speculators mainly put pressure on crude oil at futures trade but a firming trend in Asian trade as investors focused on the US Federal Reserve's policy meeting this week for clues about its long-awaited stimulus pullback, capped the losses.

Globally, crude oil for January delivery was up 4 cents at USD 96.66 a barrel on the New York Mercantile Exchange in mid-morning trade today.

Aluminium prices fell by 0.50 per cent to Rs 109.50 per kg in futures trading today as speculators offloaded their positions amid weak cues from global markets.

Besides, subdued demand in the domestic spot markets also weighed on metal prices. At the Multi Commodity Exchange, aluminium for delivery in December declined by 45 paise, or 0.50 per cent, to Rs 109.85 per kg in business turnover of 120 lots.

Similarly, the metal for delivery in January traded lower by 55 paise, or 0.49 per cent, to Rs 111.55 per kg in four lots.

Agro Outlook

CHANA  DHANIYA

                                                D A I L Y B U Z Z

Refined soya oil prices fell by 0.57 per cent to Rs 692 per 10 kg in futures market today as speculators reduced positions, driven by sluggish demand in the spot market against adequate stocks position.

At the National Commodity and Derivatives Exchange, refined soya oil for delivery in December fell by Rs 3.95, or 0.57 per cent, to Rs 692 per 10 kg with an open interest of 20,400 lots.

Likewise, oil for delivery in January traded lower by Rs 3.45, or 0.50 per cent, to Rs 691 per 10 kg in 1,00,460 lots.

Analysts said speculators reducing positions due to subdued demand in the spot market against adequate stocks position led to decline in refined soya oil prices at futures trade.

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DAILY COMMODITY REPORT FOR 11 DEC 2013

Precious Metals

SILVER  GOLD

                                                     D A I L Y B U Z Z

Gold prices rose by 0.83 per cent to Rs 29,324 per ten grams in futures trade today as speculators created fresh positions, tracking a firm global trend.

At the Multi Commodity Exchange, gold for delivery in April rose by Rs 239, or 0.83 per cent, to Rs 28,650 per ten grams in a business turnover of 91 lots.

Similarly, the metal for delivery in February moved up by Rs 207, or 0.71 per cent, to Rs 29,117 per ten grams in 3,919 lots.

Silver prices moved up by 1.81 per cent to Rs 45,849 per kg in futures market today as speculators created fresh positions on higher global trend.

At the Multi Commodity Exchange, silver for delivery in May rose by Rs 813, or 1.81 per cent, to Rs 45,849 per kg in business turnover of 149 lots.

Likewise, the white metal for delivery in March moved up by Rs 756, or 1.71 per cent, to Rs 44,916 per kg in 6,957 lots.

Base Metals & Energy

COPPER CRUDE OIL

                                                   D A I L Y B U Z Z

Taking weak cues from global markets, aluminium prices fell to Rs 106.75 per kg in futures trading today as speculators offloaded positions.

Further, sluggish demand in the domestic spot markets also weighed on the metal prices.

At the Multi Commodity Exchange, aluminium for delivery in December declined by 55 paise, or 0.51 

per cent, to Rs 106.75 per kg in business turnover of 153 lots. Similarly, the metal for delivery in January 2014 contracts traded lower by 50 paise, or 0.46 per cent, to Rs 108.50 per kg in 13 lots.

Amid a weak trend in the global markets and sluggish domestic demand, zinc futures today fell 0.21 per cent to Rs 116.75 per kg as participants reduced their positions.

At the Multi Commodity Exchange, zinc for delivery in January traded lower by 25 paise, or 0.21 per 

cent, to Rs 116.75 per kg, with a business turnover of six lots.

The metal for delivery in current month fell by 20 paise, or 0.17 per cent, to Rs 115.55 per kg in a 

turnover of 110 lots.

Nickel prices dropped 0.39 per cent to Rs 850.60 per kg in futures trade today after participants 

trimmed holdings tracking a weak trend overseas amid sluggish demand from alloy-makers in the spot 

market. At the Multi Commodity Exchange, nickel for delivery in January next year dropped by Rs 3.30, or 0.39 per cent, to Rs 850.60 per kg in a business turnover of 19 lots. The metal for delivery in current month shed Rs 2.70, or 0.32 per cent, to Rs 842 per kg in 48 lots.

Agro Outlook

CHANA  DHANIYA

                                                D A I L Y B U Z Z

Cardamom prices fell by Rs 12.70 to Rs 615.30 per kg in futures trade today due to the adequate 

stocks availability in the physical market on account of higher supply from the producing belts.

Sentiment weakened further as the traders booked profits at the prevailing levels in the midst of 

a subdued demand for the commodity.

At the Multi Commodity Exchange, cardamom for delivery in December declined Rs 12.70, or 

2.02 per cent, to Rs 615.30 per kg in a business turnover of 3 lots.

Similarly, the spice for delivery in January traded lower by Rs 1.30, or 0.18 per cent, to Rs 719.80 

per kg with trading volume of 249 lots.

Market analysts said offloading of positions by traders amid a weak spot market trend on subdued demand mainly led to a fall in cardamom futures prices.

Adequate stocks position in the physical market also influenced trading in cardamom prices, they said.

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Mcx commodity tips: A resurgent US dollar took toll on Crude oil

Mcx commodity tips: A resurgent US dollar took toll on Crude oil as energy traders indulged in a massive sell-off in the fuel in the domestic and overseas market on Tuesday, pulling prices down by more than 3 per cent. Stronger dollar curbed the demand for the fuel as an alternative asset. Stronger greenback makes oil more expensive for those holding other currencies, thus dimming demand.

The dollar strengthened after better than expected US housing data eased concerns over a slowdown in the world’s biggest economy, powering the lure for risky assets. US housing starts surged to the highest level in more than seven years, up 20.2 per cent to a 1.14 million annual rate in April 2015.

Despite severe fighting in Syria, Yemen and Iraq, with Islamic State Militants strengthening their foothold in Libya, crude supplies from the oil-rich Middle East are increasing, exasperating fears over a global supply glut. Saudi Arabia, the world’s biggest oil producer, said that the country pumped in a record 10.3 million barrels per day of oil in March.

However, US supplies continued to ease, with oil stockpiles falling 5.2 million barrels in the week ended May 15, 2015, the American Petroleum Institute (API) reported late Tuesday.

Oil may rebound today as government data shows a further dip in US crude oil stockpiles.

At the MCX, Crude oil futures, for the June 2015 contract, closed at Rs 3,737 per barrel, down by 3.11 per cent, after opening at Rs 3,859, against the previous close price of Rs 3,857. It touched an intradaylow of Rs 3,728 till the closing.

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