Rupee rose 9 paise today 25 Jan, 2016

The rupee rose 9 paise to 67.53 as compared to US dollar in early trade on Monday amid positive cues from other Asian currencies.Click For Bullion tips

Domestic currency : The local currency ended with 39 paise high at 67.63 on Friday last week on fresh dollar selling by banks & exporters.

Most other Asian markets traded higher following on the rally seen in US markets on Friday last week and jump in prices of mcx crude. Japan's Nikkei was trading higher by a per-cent while the South Korean Kospi went up 0.95 per-cent. Hong Kong's Hang Seng index went up by 2 per-cent. China's CSI 300 index was also trading higher by a per-cent.

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Today mcx copper remains dominant 31 Dec, 2015

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

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

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

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

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

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

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Bullion tips & market updates for 28 Dec, 2015

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Bullion traders told the pick-up in buying kept gold prices higher, but gains were prohibited due to closure of world wide markets for Christmas festival.

Lending support to previous day gains, gold prices rose further by Rs 15 to Rs 25,690 per 10 gms at the bullion market today following a buying surge by retailers & jewellers.

Moreover, silver prices went down Rs 25 to Rs 34,300 per kg due to lack of buying support from industrial units & coin-makers.

In the national capital, gold of 99.9 per-cent & 99.5 per-cent purity advanced by Rs 15 each to Rs 25,690 & Rs 25,540 per 10 gms, respectively. It has gained Rs 125 yesterday.

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Commoditiy is an issue but Equities will rise in 2016

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

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

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

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Commodity updates : Equities extend holiday rally 24 Dec, 2015

Today's news : Asian equities delivered some last-minute Christmas cheer, continuing to rally on the last full trading day of the week before the holiday. Oil prices recovery boosted energy stocks in the areas, with US crude nearly 1 per-cent high in Asia trading following a 4 per-cent rally overnight.

Data on yesterday displayed inventories of US crude fell by 5.9 million barrels in the previous week, compared with estimations for an increase of 1.1 million barrels.

More healthy economic data saw all 3 major US(United States) averages rally 1 per-cent overnight, their 3rd day of gains. U.S. personal consumption expenditures rose 0.3 per-cent on-month in Nov after remaining flat in Oct month, contributing to the market's optimistic mood one day after better-than-expected 3rd-quarter growth data.

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Reliance Communications is going to talk with shareholders of Aircel to merge businesses

RCom - "Reliance Communications" is going to talk with shareholders of telecom operator Aircel for a potential merger of the wireless or mobile businesses for both of the companies.

The idea is to mutually derive estimated substantial benefits of in-country consolidation, including operating expenditure (opex) & capital expenditure synergies & revenue enhancement, RCom told in a statement. "The discussions are non-binding in nature. Any transaction will be subject to due diligence, definitive documentation & regulatory, shareholders' and other 3rd party approvals. Hence, there is no certainty that any transaction will result," the company told.

The potential combination will exclude RCom's towers & optical fibre infrastructure, for which RCom is proceeding with an asset sale, as declared on Dec 4, 2015.

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Commodity tips : Buy lead above 112.75 21 Dec, 2015

MCX : BUY LEAD ABOVE 112.75 TGT 113.25/113.85/114.45 SL 112.25

MCX : LEAD BUY CALL HIT 1ST TGT 113.25 HIGH OF 113.30 BOOK PART PROFIT



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Silver trading flat today 21 Dec, 2015

Silver futures were trading on a flattish note at the time of noon trade in the native market on Monday as traders continued to digest the US Fed Reserve’s decision last week to increase interest rates for the 1st time in almost a decade, dimming the appeal of the precious metal as a store of value, given that Silver doesn’t earn any interest.

The Fed exited it’s near-zero interest rate era, increasing the TGT(target) of its federal funds rate to 0.25 per-cent to 0.5 per-cent, from 0 to 0.25 per-cent previously, but the world’s top central bank indicated that the pace of rate tightening will be gradual and data-dependent, supporting the bullion.

Moreover, worries that a worsening commodity rout may reignite world wide deflation dented the appeal of Silver, a hedge against inflation.

MCX : Silver futures for March 2015 contract is trading at Rs 33,940 per kg, up by 0.02 per cent after opening at Rs 34,033, against the previous closing price of Rs 33,933. At 12 O 'Clock it reached the intra-day high of Rs 34,075.

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Nifty -50 below 7,750; Sun Pharma sinks 7% 21 Dec, 2015

The 30-share index regained some of the morning losses, but still trading at 25,480, down 40 pts or 0.15 per-cent. It attained a high of 25,487.91 and a low of 25,413.54 in morning trade.

The Nifty-50 was at 7,755 down 7 pts or 0.10 per-cent. It reached a high of 7,758.50 and a low of 7,733.45 in the first 30 mins of trade.

The S&P BSE Midcap Index went up 0.36 per-cent and BSE S&P Smallcap Index was trading 0.23 per-cent higher.

Hindalco (up 1.2 per-cent), Tata Motors (up 0.95 per-cent), Lupin (up 1 per-cent), and HDFC (up 0.82 per-cent) were among the major Sensex gainers.

Sun Pharma (down 6 per-cent), Infosys (down 1.01 per-cent), Wipro (down 0.78 per-cent), HUL (down 0.42 per cent), and TCS (down 0.25 per-cent) were among the major Sensex losers.

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OMG ! Federal Increase rate by 25 bps 17 Dec, 2015

 

FOMC -  Closing months of speculation, observation and for the 1st time in the decade, the US Fed Reserve's rate-setting Fed Open Market Committee (FOMC) increased its Fed Funds Rate by 25 basis pts from the 0-0.25 per-cent range to a target of 0.25-0.5 per-cent.

The historical shift, anticipated for over a year, marks the exit of the zero interest rate policy, which had been into place in the wake of the financial crisis of 2008 year. The result comes on the back of some particularly powerfull macroeconomic data emerging out biggest economy of the world:given the backdrop of slow growth world wide, which is showing in the current commodity slump, the worst since the 2008 crisis.

Experts, moreover, say that more than today's rate increase, the Fed's monetary policy course through the next year will be more important -- in that, how many, if any, further rate hikes can be estimated in 2016.

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Commodity tips & updates for 16 Dec, 2015

Prices of Chana ended lower by 0.08 per-cent on yesterday 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 Dec 2015 contract closed at Rs. 5,078 per quintal, down by 0.08 per-cent, after starting at Rs. 5,095 as compared to the previous closing price of Rs. 5,082. It attained the intra-day low of Rs. 5,035.

 

Ncdex : Maize prices closed down by 1 per-cent on yesterday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of heavy selling activity by the traders on account of higher world wide supplies and weak offtakes from the native buyers.

At the NCDEX, maize futures for Dec 2015 contract closed at Rs. 1,481 per quintal, down by 1 per-cent, after unlocking at Rs. 1,475 against the previous closing price of Rs. 1,496. It attained the intra-day low of Rs. 1,475.

Sentiment weakened further as a result of a decline in the requirement for the commodity segment from bio-fuel making industries tracking the weak world markets. 

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Mcx crude oil updates for 16 Dec, 2015

Traders betting that US(United States) crude prices will bounce above those in the rest of the world if Congress lifts America's oil-export ban may be discouraged.

Negotiators are inching near to a deal that would allow unfettered access to the country's crude for the 1st time in 40 years.

The glut in the US(United States) that depressed prices at the time of height of the shale frenzy spread to the rest of the world current year.

That caused world prices to sink, narrowing the discount for US crude & lowering the chances for producers to sell their oil at a better price in the export market.

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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 11 June 2015

Mcx commodity tips : Mustard seed prices closed higher by 0.17 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the decline in the supply for the commodity in the major markets. At NCDEX, mustard seed futures for June 2015 contract closed at Rs. 4,191 per quintal, up by 0.17 per cent, after opening at Rs. 4,190 against the previous ending price of Rs. 4,184. It touched the intra-day high of Rs. 4,215.

Maize prices closed higher by 0.72 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of a rise in the demand from exporters and poultry industries. At NCDEX, maize futures for June 2015 contract closed at Rs. 1,113 per quintal, up by 0.72 per cent, after opening at Rs. 1,110 against the previous closing price of Rs. 1,105. It touched the intra-day high of Rs. 1,119.

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Mcx commodity tips and News for 9 June 2015

Mcx commodity tips : Maize prices ended lower by 2.87 per cent on Monday 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 the NCDEX, maize futures for June 2015 contract closed at Rs. 1,116 per quintal, down by 2.87 per cent, after opening at Rs. 1,140 against the previous closing price of Rs. 1,149. It touched the intra-day low of Rs. 1,116.

Mustard Seed prices closed lower by 2.55 per cent on Monday 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 June 2015 contract closed at Rs. 4,081 per quintal, down by 2.55 per cent, after opening at Rs. 4,188 against the previous closing price of Rs. 4,188. It touched the intra-day low of Rs. 4,047.

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Mcx Commodity tips and Updates for 8 June 2015

Mcx commodity tips : Mustard Seed prices closed lower by 1.37 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 NCDEX, Mustard Seed futures for June 2015 contract closed at Rs. 4,188 per quintal, down by 1.37 per cent, after opening at Rs. 4,227 against the previous closing price of Rs. 4,246. It touched the intra-day low-lying of Rs. 4,176.

Jeera prices closed lower by 4 per cent on Friday 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 desired. At the NCDEX, jeera futures for June 2015 contract closed at Rs. 16,815 per quintal, down by 4 per cent, after opening at Rs. 17,480 against the previous closing price of Rs. 17,515. It touched the intra-day low of Rs. 16,815.

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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 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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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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Agro Outlook Updates and News for 28/ May 2015

Mcx commodity tips : Chana prices closed higher 1.12 per cent on Wednesday 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 NCDEX, chana futures for June 2015 contract closed at Rs. 4,675 / quintal, up by 1.12 per cent, after opening at Rs. 4,630 against the previous closing price of Rs. 4,623. It touched the intra-day high of Rs. 4,675. 

Jeera prices closed lower by 0.06 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 the NCDEX, jeera futures for July 2015 contract closed at Rs. 17,900 per quintal, down by 0.06 per cent, after opening at Rs. 17,860 against the previous closing price of Rs. 17,910. It touched the intra-day low of Rs. 17,855.

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