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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Gold futures Ended Lower in the Domestic Market

Gold futures ended lower in the domestic market on Monday tracking a bearish trend in the overseas market led by profit-booking by investors and speculators in the precious metal following a recent rally amidst speculation that the US Federal Reserve may push back the timeline for a maiden interest rate hike in almost a decade due to global headwinds which threaten to crimp growth in the world’s biggest economy, bolstering the lure for Gold as a store of value.
 

Stronger dollar also curbed the appeal of Gold as an alternative asset. Stronger greenback makes the bullion more expensive for those holding other currencies, thus dimming demand.
 

However, the losses in the bullion were trimmed by speculation that China may up stimulus after growth slipped to the weakest since the global financial crisis in Q3 2015, bolstering the outlook for the bullion, which is a hedge against the inflationary risk of monetary stimulus.


Gold may trade on a cautious note today ahead of US housing data and Fed Chair Janet Yellen’s speech in which she may offer some cues over the timing of a US rate hike.


At the MCX, Gold futures for December 2015 contract closed at Rs 27,006 per 10 gram, down by 0.53 per cent after opening at Rs 27,111, against the previous closing price of Rs 27,150. It touched the intra-day low of Rs 26,922.   

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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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Mustard seed ends lower on increased arrivals

Mustard Seed prices closed lower by 1.24 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal. At the NCDEX, Mustard Seed futures for August 2015 contract closed at Rs. 4,052 per quintal, down by 1.24 per cent, after opening at Rs. 4,099 against the previous closing price of Rs. 4,103. It touched the intra-day low of Rs. 4,042.Sentiment weakened further due to the sluggish export demand as a result of the weak demand for the commodity.EU-27 accounts to about 34 per cent of worlds RM seed production, others major producers are China (23 per cent), Canada (19 per cent), India (14 per cent), Australia (3 per cent), Ukraine (2%). India produces 5.5 million MT to7 million MT annually.

And we Saw That Mustard Seed prices closed lower by 0.65 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal. At the NCDEX, Mustard Seed futures for August 2015 contract closed at Rs. 4,098 per quintal, down by 0.65 per cent, after opening at Rs. 4,122 against the previous closing price of Rs. 4,125. It touched the intra-day low of Rs. 4,070. Sentiment weakened further due to the sluggish export demand as a result of the weak demand for the commodity. EU-27 accounts to about 34 per cent of worlds RM seed production, others major producers are China (23 per cent), Canada (19 per cent), India (14 per cent), Australia (3 per cent), Ukraine (2 per cent). India produces 5.5 million MT to7 million MT annually.

 

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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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Commodity Updates : Mustard Seed prices closed lower by 1.35 %

Commodity Updates : Mustard Seed prices closed lower by 1.35 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal. At the NCDEX, Mustard Seed futures for July 2015 contract closed at Rs. 4,174 per quintal, down by 1.35 per cent, after opening at Rs. 4,237 against the previous closing price of Rs. 4,231. It touched the intra-day low of Rs. 4,151.

Barley prices closed lower by 0.82 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors booked profits at the higher on account of the weak physical markets and also due to the fall in the demand from beer and cattle-feed makers. At the NCDEX, barley futures for July 2015 contract closed at Rs. 1,208.5 per quintal, down by 0.82 per cent, after opening at Rs. 1,217 against the previous closing price of Rs. 1,218.5. It touched the intra-day low of Rs. 1,206.

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शेयर बाजार की गिरावट पर लगा ब्रेक, सेंसेक्स 50 अंक चढ़ा

सेंसेक्स और निफ्टी में दो दिन से जारी गिरावट पर ब्रेक लग गया है। आज के कारोबार में मिडकैप और स्मॉलकैप शेयरों में खरीददारी का माहौल बना हुआ है। हालांकि बैंक, ऑटो और रियल्टी इंडेक्स दो फीसदी तक टूट गए है। बैंक निफ्टी 0.50 फीसदी गिरकर 17,635 के स्तर पर है। जबकि मीडिया इंडेक्स आधा फीसदी बढ़कर 2,082 पर है।

बाजार में कारोबार के इस दौरान गेल, एक्सिस बैंक, इंफोसिस, डॉ रेड्डीज, जी एंटरटेनमेंट, सिप्ला और वेदांता जैसे दिग्गज शेयरों में 1.5-1.1 फीसदी की मजबूती आई है। हालांकि टाटा मोटर्स, एनएमडीसी, आईसीआईसीआई बैंक, एचसीएल टेक, हीरो मोटो, सन फार्मा और एचयूएल जैसे दिग्गज शेयरों में 1.8-0.5 फीसदी की गिरावट दर्ज की गई है।

इन शेयरों में खबरों के चलते तेज हलचल

एक्सिस बैंक: आरबीआई ने एफआईआई निवेश की बैन लिस्ट से बाहर किया। साथ ही बैंक ने डिपॉजिट रेट 0.10-0.20% तक घटाया, नई दरें 9 जून से लागू होंगी।

वेदांता लिमिटेड: सब्सिडियरी केर्न इंडिया में 4.98 हिस्सेदारी 31.5 करोड़ डॉलर में खरीदी है।

इंफोसिस: कंपनी के सीईओ ने एनालिस्ट में कहा कि इस साल आय में 10-12 फीसदी की ग्रोथ रहने की उम्मीद है। साथ ही हाल में कंपनी 5 करोड़ डॉलर की 6 बड़ी डील मिली है।

रिलायंस कैपिटल: गुजरात इंटरनेशनल फाइनेंस टेक (गिफ्ट) सिटी ने बुधवार को रिलायंस कैपिटल लिमिटेड को स्‍पेशल इकोनॉमिक जोन के इंटरनेशनल फाइनेंस सर्विस सेंटर में 5 लाख वर्ग फुट जमीन का आवंटन किया है। गिफ्ट सिटी में ऑफि‍स स्‍पेस और रेसीडेंसियल प्रोजेक्‍ट के निर्माण पर रिलायंस कैपिटल अगले तीन सालों के दौरान 200 करोड़ रुपए का निवेश करेगी। इसके लिए रिलायंस कैपिटल ने बुधवार को एक समझौता पत्र पर हस्‍ताक्षर भी किए हैं।

जेपी एसोसिएट्स, जेपी इंफ्रा, जेपी पावर: जेपी ग्रुप ने बुधवार को कहा कि उसने 22,000 करोड़ रुपए मूल्‍य की संपत्तियों की बिक्री प्रक्रिया शुरू कर दी है। यह प्रक्रिया इस साल सितंबर तक पूरी हो जाएगी। इस खबर के बाद फ्लैगशिप कंपनी जयप्रकाश एसोसिएट्स के शेयर 20 फीसदी तक टूट गए थे। कंपनी ने बयान जारी कर कहा है कि जेपी ग्रुप ने 22,000 करोड़ रुपए से अधिक मूल्‍य की संपत्तियों को बेचने की प्रक्रिया शुरू कर दी है और यह प्रक्रिया सितंबर 2015 तक पूरी कर ली जाएगी।कंपनी ने आरोप लगाया है कि कुछ लोग गलत खबरों के जरिये ग्रुप की विश्‍वसनीयता को ठेस पहुंचा रहे हैं, ऐसी खबरें आ रही हैं कि कंपनी लोन डिफॉल्‍टर हो गई है। कंपनी ने कहा है कि वह इन सभी खबरों का खंडन करती है और अपने सभी शेयरधारकों से बिना डरे इन पर विश्‍वास न करने का आग्रह करती है।

जेके टायर: जेके टायर एंड इंडस्‍ट्रीज ने बुधवार को इंडिया ऑपरेशन के लिए विवेक कामरा को प्रेसीडेंट नियुक्‍त करने की घोषणा की है। कामरा की यह नियुक्ति अरुण के बाजोरिया के स्‍थान पर की गई है। बाजोरिया को इंटरनेशनल ऑपरेशन का डायरेक्‍टर और प्रेसीडेंट बनाया गया है।

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Mcx Commodity Tips and News for 6 June 2015

Mcx Commodity Tips : Chana prices closed lower by 1.3 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. At NCDEX, chana futures for June 2015 contract closed at Rs. 4,712 per quintal, down by 1.3 per cent, after opening at Rs. 4,755 against the previous closing price of Rs. 4,712. It touched the intra-day low of Rs. 4,644.

Jeera prices closed lower by 0.89 per cent on Tuesday 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 June 2015 contract closed at Rs. 17,790 per quintal, down by 0.89 per cent, after opening at Rs. 18,100 against the previous closing price of Rs. 17,950. It touched the intra-day low of Rs. 17,540.

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Agro Outlook News and Updates for 29 May 2015

D A I L Y B U Z Z

Mcx commodity tips : Maize prices closed higher by 0.25 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of a rise in the demand from exporters and poultry industries. At the NCDEX, maize futures for July 2014 contract closed at Rs. 1,187 per quintal, up by 0.25 per cent, after opening at Rs. 1,185 against the previous closing price of Rs. 1,184. It touched the intra-day maximum of Rs. 1,192.

Mustard Seed prices closed lower by 1.1 % on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal. At NCDEX, Mustard Seed futures for June 2015 contract closed at Rs. 4,225 per quintal, down by 1.1 per cent, after opening at Rs. 4,255 against the previous closing price of Rs. 4,272. It touched the intra-day low of Rs. 4,213.

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Research Via Base Metals,Energy Crude Oil Tips & Agro Cardamom Update For 04 Feb 2014

Base Metals & Energy
CRUDE OIL
                                                                D A I L Y B U Z Z

Crude oil futures prices today fell by 0.76 per cent to Rs 6,122 per barrel after speculators indulged in
reducing positions triggered by weak Chinese data.

The trading sentiment weakened at futures trade after Crude oil prices declined in Asian trade as data
showing weak Chinese manufacturing activity fuelled concerns over energy demand in the world's
second largest economy, marketmen said.

At the Multi Commodity Exchange, crude oil for delivery in February fell Rs 47, or 0.76 per cent, to Rs 6,122 per barrel in 1,749 lots.

Similarly, the oil for March delivery moved down by Rs 39, or 0.63 per cent, to Rs 6,120 per barrel in
140 lots.

Meanwhile, crude oil for March delivery eased 51 cents at $96.98 a barrel on the New York Mercantile Exchange in mid-morning trade today

Agro Outlook
CARDAMOM
                                                       D A I L Y B U Z Z
Chana prices fell by 1.15 per cent to Rs 3,108 per quintal in futures market today, as speculators
booked profits, driven by a weak trend at the spot market on sluggish demand.
Expectations of higher production this season also put pressure on the chana futures prices.
At the National Commodity and Derivative Exchange, chana for delivery in April fell by Rs 36, or
1.15 per cent, to Rs 3,108 per quintal, with an open interest of 75,120 lots.
Similarly, the commodity for delivery in February declined Rs 31, or 1.05 per cent, to Rs 2,922
per quintal, with open interest of 9,130 lots.
Traders said besides profit-booking by speculators, subdued demand in the spot market at
existing higher levels mainly led to the fall in chana prices at futures trade. 

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Mcx commodity tips: Zinc futures were trading higher 22 May 2015

Mcx commodity tips: Zinc futures were trading higher in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for zinc in the domestic spot market. Further, a leading index for China signaled a pickup in growth in the world’s second biggest economy, lifting the demand outlook for zinc. The China leading index climbed 1.1 per cent in April from March, when it rose 0.5 per cent. At the MCX, Zinc futures for May 2015 contract is trading at Rs 139.85 per 1 kg, up by 0.11 per cent after opening at Rs 140.10, against the previous closing price of Rs 139.70. It touched the intra-day high of Rs 140.65.

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Domestic oil seed and edible oil close mix

Mcx commodity tips: Natural Gas traders exited positions in the energy commodity with prices of the weather-sensitive fuel ending lower by about 1 per cent in the domestic market on Tuesday amid concerns that an above normal supply build may erase a deficit to the five-year average. Analysts expect a 99 billion cubic feet uptick in US gas stockpiles last week, compared to a five-year average of 89 billion cubic feet. The EIA’s storage report is due on Thursday. However, weather forecasts remain supportive with above-normal temperatures across the eastern half of the US likely to bolster cooling demand for the fuel.

At the MCX, Natural Gas futures for May 2015 contract closed at Rs 189.7 per 1 kg, down by 0.99 per cent after opening at Rs 191.90, against the previous closing price of Rs 191.60. It touched the intra-day low of Rs 187.8 till the closing.

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