Free stock updates for 23 Feb, 2016

Wall Street : Wall Street ends higher on yesterday, with the Dow Jones index rising 1.39 per-cent to settle at 16,620.66.Click for Free stock tips

The rise in US stocks was led by a surge in mcx crude oil prices, as international benchmark Brent gained by $1.81, or 5.5 per-cent, to $34.82 a barrel in overnight trade. US mcx crude futures also gained $2.41, or 8.1 per-cent, to $32.05 a barrel.

The International Energy Agency (IEA) on Monday told US(United States) shale oil production may drop by 600,000 barrels per day (bpd) this year and another 200,000 bpd in 2017 year.

Gains were also led by comments by Nigeria, which backed Russia & Saudi Arabia in freezing crude oil production, while giving Iran & Iraq a way out to rebound few of their market shares lost due to the western permissions.

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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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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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Mcx calls : Buy crudeoil , Buy corainder 15 Dec, 2015

Mcx ncdex tips

1. Buy crudeoil above 243-

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India to Soon Become Urea Surplus State

 

Urea Fertilizer - The Indian Government has said that India will soon become a urea surplus state from a deficit state and start exporting it. Commenting on the issue, Union Fertilizer Minister Ananth Kumar, “The country will produce 20 lakh tonnes additional urea this year after a number of pro-active steps, including revival of defunct fertilizer plants, taken by the Government.” "We will soon become a urea surplus country from a urea deficit country as we are going to produce 20 lakh tonnes additional urea this year. We will start exporting urea soon," he added. The Minister also added that there was no crisis of fertilizer anywhere in the country and all states and union territories were satisfied with its availability. Further, to ensure adequate availability of fertilizers, the Government has taken a number of steps that include assessment of month-wise demand, regular monitoring of movement of all major subsidised fertilizers throughout the country by a web-based monitoring system besides other

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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 Futures Closed Bigger in the Domestic Market

Crude oil futures closed bigger in the domestic market on Wednesday as investors and speculators booked fresh positions in the energy commodity as a second straight drop in US crude oil supplies eased fears over a US supply glut. US crude oil stockpiles fell by 2.19 million barrels to 484.8 million barrels in the week ended May 8, 2015, the EIA reported. Meanwhile, gasoline supplies fell 1.1 million barrels, while distillate stockpiles slided by 2.5 million barrels. The International Energy Agency (IEA) raised its forecast for global oil consumption in 2015 by 50,000 barrels/day with world crude desired set to increase by 1.1 million barrels a day this year, or 1.2 %, to average 93.6 million barrels. The agency upgraded its forecast for Non OPEC output growth by 200,000 barrels per day this year amid “surprisingly strong” production in Q1 from the likes of Russia, China, Colombia, Vietnam and Malaysia. US retail sales were little changed in April, compared to expectations of a 0.2 per cent rise, signaling weakness in the world’s largest economy, clouding the demand outlook for the fuel, curbing gains in oil futures. Oil may fall today as IEA’s warning over escalating OPEC supplies and higher production from Non OPEC countries such as Russia may keep oil bulls quiet. 

At the MCX, Crude oil futures, for the May 2015 contract, closed at Rs 3,909 per barrel, up by 0.57 per cent, after opening at Rs 3,900, against the last close price of Rs 3,887. It touched an intraday high of Rs 3,965 till the closing. 

Jeera prices closed lower by 0.8 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 May 2015 contract closed at Rs. 17,450 per quintal, down by 0.8 per cent, after opening at Rs. 17,585 against the previous closing price of Rs. 17,590. It touched the intra-day low of Rs. 17,345.

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DAILY COMMODITY REPORT FOR 10 DEC 2013

Precious Metals

GOLD  SILVER

                                                     D A I L Y B U Z Z

Snapping its two-day losing streak, gold rebounded by Rs 255 to Rs 30,755 per ten grams in the national capital today on low level buying by stockists and retailers for the ongoing marriage season.

However, silver remained under selling pressure for the sixth straight session and shed Rs 30 to Rs 43,470 per kg. It had lost Rs 1,575 in the previous five sessions.

Traders said low level buying by stockists and retailers for the ongoing marriage season led the recovery in gold.

They said silver remained under selling pressure against reduced offtake by industrial units and surrendered fresh ground.

On the domestic front, gold of 99.9 and 99.5 per cent purity rebounded by Rs 255 each to Rs 30,755 and Rs 30,555 per ten grams, respectively. It had lost Rs 750 in last two days. Sovereign rose by Rs 100 to Rs 25,200 per piece of eight gram.

On the other hand, silver ready continued to slide by Rs 30 to Rs 43,470 per kg and weeklybased delivery.

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 0.42 per cent to Rs 705.50 per kg in futures trade today as speculators booked profits at prevailing levels amid subdued demand in the spot market.

Besides, adequate stocks position in the physical market following increased arrivals from producing belts also put pressure on cardamom.

At the Multi Commodity Exchange, cardamom for delivery in December fell by Rs 3, or 0.42 per 

cent to Rs 705.50 per kg in business turnover of 104 lots. Similarly, the spice for delivery in January shed Rs 2.30, or 0.31 per cent to Rs 733.50 per kg in 113 lots.

Analysts said besides profit-booking by speculators at prevailing higher levels, subdued demand in the spot market mainly influenced cardamom prices at futures trade. 

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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 MCX NCDEX TIPS FOR 29/OCT/13

Precious Metals
SILVER  GOLD

                                                      D A I L YB U Z Z

Gold prices fell 0.24 per cent to Rs 30,460 per 10 gram in futures trade today as participants reduced their positions largely in tandem with a weak trend overseas amid profit booking.

At the Multi Commodity Exchange, Gold for delivery in far-month February next year eased by Rs 73, or 0.24 per cent, to Rs 30,460 per 10 gram in business turnover of 26 lots.

Likewise, the metal for delivery in December shed Rs 63, or 0.20 per cent, to Rs 30,797 per 10 gram in 613 lots.

Analysts said a weakening trend in the overseas markets, before the US Federal Reserve begins a meeting where policy makers may decide on the pace of monetary stimulus, mainly weighed on the gold prices in futures trade here.

Globally, gold fell 0.23 per cent to USD 1,349.80 an ounce in Singapore today.

Base Metals & Energy

COPPER CRUDE OIL

                                                     D A I L Y B U Z Z

Lead prices traded marginally higher by 0.37 per cent to Rs 134.80 per kg in futures trade today as

speculators created fresh positions after a rise in demand from battery-maker in the spot market.

At the Multi Commodity Exchange, lead for delivery in October traded higher by 50 paise, or 0.37 per

cent, to Rs 134.80 per kg in business turnover of 3,474 lots.

Likewise, the metal for delivery in November edged up by 35 paise, or 0.26 per cent, to Rs 136.05 per kg in 441 lots.

Market analysts said fresh positions built up by speculators on the back of a rise in demand from battery-maker in the spot market mainly helped lead prices to trade higher in futures trade.

Nickel prices moved up by 0.55 per cent to Rs 895.50 per kg in futures trading today as speculators

enlarged their positions, driven by pick up in demand from alloy-maker in the spot market.

At the Multi Commodity Exchange, nickel for delivery in October rose by Rs 4.90, or 0.55 per cent, to Rs 895.50 per kg in business turnover of 2,815 lots.

Likewise, the metal for delivery in November moved up by Rs 4.30, or 0.48 per cent, to Rs 902.30 per kg in 367 lots.

Market analysts attributed the rise in nickel futures to pick up in demand from alloy-maker in the spot

market.

Agro Outlook

CHANA  DHANIYA

                                                   D A I L Y B U Z Z

Cardamom prices up by 2.12 per cent to Rs 758 per kg in futures trade today after speculators

built up positions supported by rising demand at spot markets.

Besides, tight stocks position in the spot market following lower arrivals from producing regions

also influenced prices.

At the Multi Commodity Exchange, cardamom for delivery in November rose by Rs 15.80, or

2.12 per cent, to Rs 758 per kg, with a business turnover of 877 lots.

The spice for delivery in December increased by Rs 7.50, or 0.99 per cent, to Rs 762.40 per kg

with a trading volume of 253 lots.

Traders said firm demand in the physical market against restricted arrivals from producing belts

mainly influenced cardamom prices at futures trade.

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COMMODITY UPDATE FOR 15/10/2013

Precious Metals

SILVER GOLD

                                                        D A I L Y B U Z Z

Gold futures prices recovered by 0.11 per cent to Rs 28,395 per 10 gram on Monday as speculators enlarged their positions in tune with a better trend overseas.

At the Multi Commodity Exchange, gold for delivery in December up by Rs 30, or 0.11 per cent, to Rs 28,395 per 10 gram, with a business turnover of 345 lots.

In a similar fashion, the metal for delivery in the far-month February next year contracts gained Rs 26, or 0.09 per cent, to Rs 28,150 per 10 gram, with a trade volume of 7 lots.

Silver prices fell 0.31 per cent to trade at Rs 46,745 per kg in futures trade today as speculators reduced positions amid a weakening trend in the global markets.

Besides, a weak trend in the precious metals at the domestic bullion market also weighed on silver futures. At the Multi Commodity Exchange, Silver for delivery in December lost Rs 146, or 0.31 per cent, to Rs 46,745 per kg in business turnover of 457 lots.

In a similar fashion, the white metal for delivery in far-month march, next year contracts traded Rs 95, or 0.20 per cent lower, at Rs 48,049 per kg in ten lots.

Base Metals & Energy

COPPER CRUDE OIL

                                                           D A I L Y B U Z Z

Nickel prices moved down by 0.34 per cent to Rs 856.90 per kg in futures trade today as speculators reduced their position, driven by weak demand from alloy-makers in the spot

market.

Besides, a lower global trend further gloomed the sentiment.

At the Multi Commodity Exchange, nickel for delivery in November declined by Rs 2.90, or 0.34 per cent, to Rs 856.90 per kg in business turnover of 10 lots.

Similarly, the metal for delivery in October shed Rs 2.40, or 0.28 per cent, to Rs 848.50 per kg in 284 lots.

Aluminium futures prices fell by 0.40 per cent to Rs 112.85 per kg today as speculators trimmed positions amid a weak trend in metal at the London Metal Exchange.

At the Multi Commodity Exchange, aluminium for delivery in October lost 45 paise, or 0.40 per cent, to Rs 112.85 per kg, with a business turnover of 104 lots.

The metal for delivery in November also shed 30 paise, or 0.26 per cent, to trade at Rs 114.50 per kg in a turnover of 4 lots.

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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DAILY COMMODITY REPORT FROM RESEARCH VIA FOR 10/10/13

Precious Metals

SILVER GOLD 

                                                       D A I L Y B U Z Z

Silver prices fell 0.34 per cent to Rs 49,783 per kg in futures trade today as speculators booked profits amid a weak trend in the global markets.

At the Multi Commodity Exchange, silver prices for delivery in December traded lower by Rs 169 or 0.34 per cent, to Rs 49.783 per kg in business turnover of 723 lots.

Similarly, the white metal prices for delivery in March next year declined by Rs 143 or 0.28 per cent to Rs 50.969 per kg in business volume of four lots.

In the international market, silver prices traded 0.72 per cent lower at USD 22.13 an ounce in Singapore.

Base Metals & Energy

COPPER CRUDE OIL

                                                      D A I L Y B U Z Z

Tracking a weak global trend, copper prices fell by 0.30 per cent to Rs 454.90 per kg in futures trading today.

At the Multi Commodity Exchange, copper for delivery in November declined by Rs 1.35 or 0.30 per cent to Rs 454.90 per kg in business turnover of 2,169 lots.

Likewise, the metal for delivery in February next year shed Rs 1.05, or 0.22 per cent, to Rs 465.70 per kg in 40 lots.

Meanwhile, copper for delivery in three months lost 0.2 per cent to USD 7,228 a tonne on the London Metal Exchange.

Nickel futures today traded marginally lower at Rs 862.50 per kg largely in tune with a weakening trend overseas amid subdued spot demand.

At the Multi Commodity Exchange, nickel for delivery in October weakened by Re 1, or 0.10 per cent, to Rs 862.50 per kg in business turnover of 287 lots.

The metal for delivery in November shed 10 paise, or 0.01 per cent at Rs 872.20 per kg in five lots.

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 OF RESEARCH VIA FOR 08/OCT/2013

Precious Metals

SILVER GOLD

                                           D A I L Y B U Z Z

Gold futures prices rose by 0.79 per cent to Rs 29,000 per 10 gm today as speculators enlarged their positions on the back of firming global trends.

At the Multi Commodity Exchange, Gold for delivery in February, 2014 rose by Rs 228, or 0.79 per cent, to Rs 29,000 per 10 grams, with a business turnover of 11 lots.

In a similar fashion, the metal for delivery in December contracts moved up by Rs 226, or 0.78 per cent, to Rs 29,315 per 10 grams, with a trade volume of 666 lots.

Silver futures prices today rose by 0.75 per cent, to Rs 49,714 per kg, largely in tandem with a firming trend in precious metals in the global markets.

At the Multi Commodity Exchange, silver for delivery in December rose by Rs 368, or 0.75 per cent, to Rs 49,714 per kg in a business turnover of fiv e lots.

Similarly, the white metal for delivery in December traded Rs 352, or 0.70 per cent, higher at Rs 48,549 per kg in a turnover of 551 lots. In the international market, silver traded a shade higher at USD 21.74 an ounce in Singapore.

Base Metals & Energy

COPPER CRUDE OIL

                                            D A I L Y B U Z Z

Buoyed by a firm global trend and increased domestic demand, copper prices rose by 0.54 per cent to Rs 467 per kg in futures trade today.

At the Multi Commodity Exchange, copper for delivery in November traded higher by Rs 2.45, or 0.54 per cent to Rs 456.65 per kg in business turnover of 1,263 lots.

Similarly, the metal for delivery in February next year, edged up by Rs 2.15, or 0.46 per cent to Rs 467 per kg in a turnover of 51 lots.

Globally, copper for delivery in three months traded higher at USD 7,266.25 a tonne on the London Metal Exchange (LME).

Supported by demand in the domestic spot market and a firming global trend, lead futures prices today rose marginally to Rs 127.80 per kg.

At the Multi Commodity Exchange, lead for delivery in November traded 90 paise, or 0.71 per cent, higher to Rs 127.80 per kg, with a turnover of 15 lots.

The metal for delivery in October gained 80 paise, or 0.63 per cent, to Rs 126.80 per kg in a business volume of 434 lots.

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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DAILY COMMODITY REPORT FOR 20/SEPT/2013

Precious Metals

SILVER GOLD

                                        DAILY BUZZ

Silver regained Rs 52,000 per kg level today in futures trade as prices climbed 2.76 cent to Rs 52,097 per kg, taking positive cues from the global market after the US Federal Reserve decided to keep its stimulus programme intact.

At the Multi Commodity Exchange, silver prices for delivery in March contracts rose sharply by Rs 1,398, or 2.76 per cent, to trade at Rs 52,097 per kg, in business turnover of 41 lots. The white metal prices for delivery in December too zoomed by Rs 1,406, or 2.84 per cent, to Rs 50,983 per kg in a turnover of 1,240 lots.

Market analysts said speculative positions created by participants following gains in the precious metals overseas in response to a surprise decision by the US Federal Reserve to keep its massive stimulus programme intact, mainly influenced silver prices at futures trade here.

Besides, a hike in import duty on gold and silver jewellery by 5 per cent to 15 per cent by the government on Tuesday supported the upside, they said.

Globally, silver gained 0.8 per cent to $ 23.13 an ounce in Singapore today after soaring 5.5 percent yesterday.

Base Metals & Energy

COPPER  CRUDE OIL

                                    D A I L Y B U Z Z

Crude oil futures prices on Thursday moved down by 1.93 per cent to Rs 6,701 per barrel after speculators reduced positions amid strengthening rupee.

However, a firming trend in the Asian region after the US Federal Reserve kept its huge monetary stimulus programme for the economy intact, capped the losses.

At the Multi Commodity Exchange, crude oil for delivery in October fell by Rs 132 or 1.93 per

cent, to Rs 6,701 per barrel in 1,813 lots.

Oil for September delivery shed Rs 108 or 1.58 per cent to Rs 6,715 per barrel in a turnover of

2,340 lots.

Analysts said the fall in crude oil at futures trade was mostly attributed to rise in the rupee's value, making dollar-quoted crude cheaper but a firming trend in the Asian region, limited the losses.

The rupee zoomed by 158 paise to trade at over one-month high of 61.80 against the dollar. Meanwhile, West Texas Intermediate (WTI) crude for October delivery added 52 cents to USD 108.59 per barrel on the New York Mercantile Exchange in mid-morning trade today.

Agro Outlook

CHANA DHANIYA

                                    D A I L Y B U Z Z

Chana prices moved down by 0.54 per cent to Rs 3,141 per quintal in futures market today as

speculators reduced holdings amid sluggish demand in the spot market against adequate supplies.

At the National Commodity and Derivatives Exchange, chana for delivery in October fell by Rs 17, or 0.54 per cent to Rs 3,141 per quintal with an open interest of 1,58,340 lots.

Likewise, the commodity for delivery in September declined by Rs 12 or 0.39 per cent to Rs 3,056 per quintal in 2,970 lots.

Amid rising demand and restricted arrivals from producing regions, Cardamom prices rose for the second day by adding 0.30 per cent to Rs 813.40 per kg in futures trade today as speculators enlarged their positions.

At the Multi Commodity Exchange, cardamom for delivery in November gained Rs 2.40, or 0.30 per cent to Rs 813.40 per kg in business turnover of 4 lots.

Similarly, the spice for delivery in October edged up by 40 paise, or 0.05 per cent to Rs 775.30 per kg in 238 lots.

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REVIA MCX: BUY GOLD ABOVE 33700 TGTS 33750/33850/34000 SL 630 (9977785000) WWW.RESEARCHVIA.COM

Research Via is a leading financial advisory provides free tips on Indian share market like equity tips, stock tips, stock options tips, bullions tips, agro tips, commodity tips, nifty tips, base metals & energy tips, comex tips, international forex tips, domestic forex tips, agri tips, commodity (mcx& ncdex) tips.

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COMMODITY UPDATE FOR 07/aug/2013

Precious Metals

S I L V E R   G O L D                                                          D A I L Y B U Z Z
Gold futures prices today rose by 0.31 per cent to Rs 27,821 per 10 grams as speculators 
covered-up their short positions even as metal weakened overseas.

Weakening rupee also influenced gold prices at futures trade.

At the Multi Commodity Exchange, metal prices for delivery in December gained Rs 86, or 0.31 per cent, to trade higher at Rs 27,821 per 10 gm in a turnover of 325 lots.

Similarly, the metal prices for delivery in October edged up by Rs 53, or 0.19 per cent, to Rs 
27,909 per 10 gm, clocking a business volume of 6,177 lots.

Analysts attributed gains in the precious metal at futures trade to covering-up of short positions 
by speculators even as metal showed weakness in the global market.

Besides, weakening rupee dropped to an all-time low of Rs 61.51 against the dollar, which made imports costlier, also influenced gold prices.

Globally, gold fell USD 11.70, or 0.90 per cent, to USD 1,292.10 an 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
Copper prices rose 0.60 per cent to Rs 430.75 per kg in futures trade today as speculators 
created fresh positions after increased industrial demand in the spot market.

At the Multi Commodity Exchange, copper for delivery in August rose by Rs 2.55, or 0.60 per 
cent to Rs 430.75 per kg in business turnover of 5958 lots.

Similarly, the metal for delivery in November traded higher by Rs 2.10, or 0.48 per cent to Rs 
438.30 per kg in 404 lots.

Market analysts said fresh positions created by speculators on the back of increased industrial 

demand in the spot market mainly helped copper to trade higher at futures trade.

Agro Outlook
CHANA  DHANIYA
                                                   D A I L Y B U Z Z
Sugar futures edged lower on Tuesday on surplus supplies, though an improvement in demand 
due to festivals and prospects of exports due a weak rupee limited the downside.

At 0900 GMT, the key September contract on the National Commodity and Derivatives 
Exchange was down 0.26 per cent at Rs 3,011 ($48.88) per 100 kg.

"In the coming weeks we may see few exports deals happening. The depreciation in the rupee is bringing parity."

The rupee lost as much as 1.5 per cent to 61.80 per dollar on Tuesday, breaking a previous record low of 61.21 on July 8, on sustained worries about the country's record high current account deficit.
.
Spot sugar rose Rs 11 to Rs 3,062 per 100 kg at the Kolhapur market in Maharashtra state.

India is likely to produce 23.7 million tonnes of sugar in the 2013/14 marketing year beginning 
October, down 5.2 per cent from a year earlier, but higher than the local demand of around 23 

million tonnes.

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Commodity Update For 16/july/2013

Precious Metals
                                                           D A I L Y B U Z Z

Silver prices spurted by nearly 1 per cent to Rs 42,590 per kg in futures trade today as participants engaged in creating speculative positions, tracking a firming trend in base metals overseas.

At the Multi Commodity Exchange, silver for delivery in far-month December traded higher by Rs 417, or 0.99 per cent, to Rs 42,590 per kg in business turnover of 33 lots.

On similar lines, the metal for delivery in September traded Rs 290, or 0.94 per cent, higher at Rs 41,870 per kg in a turnover of 1,648 lots.

In the international market, silver climbed 1.2 per cent, to trade at USD 20.17 an ounce in Singapore.

Base Metals & Energy

                                                          D A I L Y B U Z Z

Supported by a firming trend in the global markets, copper prices today rose by 0.47 per cent to Rs 427.70 per kg in futures trade as speculators indulged in enlarging positions.

At the Multi Commodity Exchange, copper for delivery in November edged up by Rs 2, or 0.47 per cent, to Rs 427.70 per kg in business turnover of 103 lots.

Likewise, the metal for delivery in August traded higher by Rs 1.85, or 0.44 per cent, to Rs 421.90 per kg in 1,899 lots.

Lead futures prices today gained 0.44 per cent on rising demand at domestic spot markets amid a firming trend in the global markets after China released data showing the economy grew in line with expectations in the April-June quarter.

At the Multi Commodity Exchange, lead for delivery in August traded 55 paise, or 0.44 per cent, higher at Rs 125.30 per kg, with a turnover of 23 lots.

The metal for delivery in July also up by 45 paise, or 0.36 per cent, to trade at Rs 124.2 per kg, in a business turnover of 524 lots.

Nickel prices moved up by 0.34 per cent to Rs 833.70 per kg in the futures market today as speculators 

enlarged their positions, tracking a firming trend in spot market on increased demand from alloy makers. At the Multi Commodity Exchange, nickel for delivery in August gained Rs 2.80, or 0.34 per cent, to Rs 833.70 per kg in business turnover of 38 lots.

Agro Outlook

                                                     D A I L Y B U Z Z

Cardamom prices fell by 2.16 per cent to Rs 670 per kg in futures trade today as speculators booked profits driven by sluggish demand in the spot market.

Adequate stocks availability in the physical market on increased arrivals from the producing belts also put pressure on the Cardamom prices.

At the Multi Commodity Exchange, cardamom for delivery in July fell by Rs 14.80, or 2.16 per cent, to Rs 670 per kg in business turnover of 88 lots.

Similarly, the spice for delivery in August traded lower by Rs 2, or 0.27 per cent, to Rs 752.20 per kg in 394 lots.

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