Stock Market News: Chana prices closed lower by 1.37 per cent on Monday 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. Chana futures for April 2015 contract ended at Rs. 3,669/quintal, down by 1.37 %, after opening at Rs. 3,730 against the last ending price of Rs. 3,720. It touched the intra-day low of Rs. 3,758.
Stock Market Tips/Free Calls
COMMODITY HNI
MCX: COPPER R=373. 50/376 S=370/367, ALUMINIUM R= 111.50/ 112.10 S=110. 50/110.00 LEAD R=110. 10/110.80 S=108. 80/ 108.20, ZINC R=126. 30/127.00, S=125. 25 /124.70
ULTRA COMMODITY
MCX: COPPER R=373. 50/376 S=370/367, ALUMINIUM R= 111.50/ 112.10 S=110. 50/110.00 LEAD R=110. 10/110.80 S=108. 80/ 108.20, ZINC R=126. 30/127.00, S=125. 25 /124.70
COMMODITY TIPS
MCX: COPPER R=373. 50/376 S=370/367, ALUMINIUM R= 111.50/ 112.10 S=110. 50/110.00 LEAD R=110. 10/110.80 S=108. 80/ 108.20, ZINC R=126. 30/127.00, S=125. 25 /124.70
BASE METALS & ENERGY PACK
MCX: COPPER R=373. 50/376 S=370/367, ALUMINIUM R= 111.50/ 112.10 S=110. 50/110.00 LEAD R=110. 10/110.80 S=108. 80/ 108.20, ZINC R=126. 30/127.00, S=125. 25 /124.70
COMMODITY HNI
MCX: GOLD R1-25800 R2-25870 R3-25940 S1-25651 S2-25580 S3- 25500, SILVER R1=35600 R2= 35800 R3= 36000 S1-35130 S2-34900 S3- 34700
BULLIONS PACK
MCX: GOLD R1-25800 R2-25870 R3-25940 S1-25651 S2-25580 S3- 25500, SILVER R1=35600 R2= 35800 R3= 36000 S1-35130 S2-34900 S3- 34700
STOCK FUTURES
FUTURE: AXIS BANK HIT 1ST TGT 579.50 HIGH OF 580.50 BOOK PART PROFIT
ULTRA EQUITY
ULTRA CASH: BUY BAJAJFINSV ABOVE 1283.15 (CMP-1282.15) TGTS 1295/1310 SL 1269.15
DOMESTIC FOREX PACK
FOREX: GBPINR HIT 1ST TGT 93.33 HIGH OF 93.3675 BOOK PART PROFIT
Barley prices ended higher by 0.08 % on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of strong demand from beer and cattle-feed making industries against restricted supply in physical markets. At the NCDEX, barley futures for April 2015 contract closed at Rs. 1,190 per quintal, up by 0.08 per cent, after opening at Rs. 1,193 against the previous closing price of Rs. 1,189. It touched the intra-day high of Rs. 1,223.5.
Maize prices closed higher by 0.69per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of a rise in the demand from exporters and poultry industries. Maize futures for March 2015 contract closed at Rs. 1,305 per quintal, up by 0.69 per cent, after opening at Rs. 1,299 against the previous closing price of Rs. 1,296. It touched the intra-day high of Rs. 1,315.
Mustard Seed prices closed lower by 0.18 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 April 2015 contract closed at Rs. 3,398 per quintal, down by 0.18 per cent, after opening at Rs. 3,421 against the previous closing price of Rs. 3,404. It touched the intra-day low of Rs. 3,396. Sentiment weakened further due to the inactive export demand as a result of t he weak
EU-27 accounts to about 34 per cent of worlds RM seed production, others major producers are China (23 %), Canada (19 %), India (14 %), Australia (3 percent), Ukraine (2 percent). India produces 5.5 million MT to7 million MT annually.
Crude oil futures jumped deeper into the bear terrain on Monday as investors and speculators exited positions in the energy commodity tracking bearish cues from the overseas market as US oil output continued to rise despite a price collapse, threatening to worsen a global supply glut.
The Fed’s oil extraction index climbed 0.4 per cent from January and 14.4 p er cent from February 2014 to 179.8 in February 2015. The IEA warned that Cushing, the US’ largest oil storage hub is 70 per cent full as record stockpiles threatened to fill tanks in the US, straining the country’s oil storage capacity. Meanwhile, oil production in Libya, Africa’s biggest oil reserves holder has doubled from a few weeks ago to around 490,000 barrels per day. The US and Iran are moving closer to a political agreement, paving way for a landmark nuclear deal that could lead to the removal of sanctions against oil-rich Iran, flooding markets with more crude. US factory output fell for the third month on the trot in February while confidence among homebuilders declined to the lowest level in eight months in March, signaling a slowdown in the world’s biggest economy, dimming the demand outlook for the fuel.
US factory production declined 0.2 per cent in February from the previous month when it slipped 0.3 per cent . The gauge measuring US homebuilder sentiment declined to 53 this month from 55 in February. Oil may extend a decline today as a worsening global supply surplus dampens sentiment.
At the MCX, Crude oil futures, for the March 2015 contract, closed at Rs 2,741 per barrel, down by 4.36 per cent, after opening at Rs 2,852, against the previous close price of Rs 2,866. It touched an intraday low of Rs 2,704 till the closing.
Gold futures ended lower in the domestic market on Monday as investors and speculators exited positions in the precious metal tracking a decline in the bullion in the overseas market amid caution ahead of the two-day policy meet of the US Federal Reserve beginning on Tuesday where the world’s top central bank may offer hints over the timing of a maiden rate lift off since 2006. Fed policymakers are expected to debate on whether to drop the dovish phrase “patient” over rate tightening, which would be a clear sign of a hike in borrowing costs in the near –term. Despite a hiring upsurge, tepid wage gains, strengthening dollar and below target inflation warrant a continued accommodative monetary policy stance from the Fed. A weaker dollar boosted the demand for gold as an alternative asset, trimming losses in the bullion. Weaker greenback makes gold cheaper for those holding other currencies, thus boosting demand. Gold may extend a decline today as investors stick to a cautious approach ahead of the Fed meet. At the MCX, Gold futures for April 2015 contract cl osed at Rs 25,783 per 10 gram , down by 0.41 per cent after opening at Rs 25,875, against the kast ending price of Rs 25,890. It touched the intra-day low of Rs 25,706 till the closing.
Zinc futures closed higher in the domestic market on Monday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for zinc in the domestic spot market while gains in the base metal were curbed by a slowdown in a regional manufacturing gauge in the US which clouded the demand outlook for zinc. The gauge measuring manufacturing activity in the New York region fell to 6.9 in March from 7.78 in February, with a reading above zero signaling expansion. At the MCX, Zinc futures for March 2015 contract ended at Rs 126.10/1 kg, upward by 0.16 % after opening at Rs 127.45, against the last ending price of Rs 126.95. It touched the intra-day max of Rs 127.55 till the closing.
Natural gas futures tumbled in the domestic and overseas market on Monday as investors and speculators exited positions in the energy commodity as forecasts for milder temperatures in the US threatened to curb the demand for the heating fuel. The Commodity Weather Group expects seasonal or higher temperatures across most of the lower 48 states through March 30, 2015. At the MCX, Natural Gas futures for March 2015 contract closed at Rs 171.30 per 1 kg, down by 1.27 per cent after opening at Rs 172.20, against the previous closing price of Rs 173.50. It touched the intra-day low of Rs 169.40 till the closing.
0 comments:
Post a Comment