Stock Market News: Mustard Seed prices ended lower by 0.06 % on Wednesday 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 April 2015 contract ended at Rs. 3,378 per quintal, down by 0.06 %, after opening at Rs. 3,375 against the previous ending price of Rs. 3,380. It touched the intra-day low of Rs. 3,362.
Free Tips For 26 March 2015
NIFTY FUTURES
NIFTY: BUY NIFTY ABOVE 8500 TGT 8520/8550/8600 SL 8475
ULTRA FUTURES
ULTRA FUTURE: BOOK PROFIT IN BIOCON SELL CALL AT CMP 431.60 NEAR TO OUR 1ST TGT 430 AS REC TO SELL YESTERDAY @ 435.00
NIFTY FUTURES
NIFTY: BUY BANK NIFTY ABOVE 18210TGTS 18250/18310/18410 SL 18160
OPTIONS HNI
OPTION HNI: BUY JSWENERGY 120 CALL ABOVE 1.70 TGTS 2.45/3.45 SL 0.95
ULTRA OPTIONS
ULTRA OPTION: BUY HEXAWARE 290 CALL ABOVE 3.25 TGTS 4.25/5.25 SL 2.25
STOCK OPTIONS
OPTION: BUY EXIDE 185 CALL ABOVE 1 TGTS 1.5/2.25/4 SL 0.25
ULTRA FUTURES
ULTRA FUTURE: SELL JUBILANT FOOD BELOW 1515 TGTS 1505/1491 SL 1525
EQUITY HNI
EQUITY HNI: BUY PVR ABOVE 684 TGTS 691/701 SL 676
STOCK FUTURES
FUTURE: BUY ADANI ENTERPRISE ABOVE 613.50 TGTS 616.50/621.50/628.50 SL 609.50
EQUITY HNI
EQUITY HNI: PVR BUY CALL HIT 1ST TGT 691 HIGH OF 696.75 BOOK PART PROFIT
DOMESTIC FOREX PACK
FOREX: BUY EURINR ABOVE 68.89 TGTS 69.09/69.39 SL 68.69
Barley prices ended lower by 0.49 % on Wednesday 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 NCDEX, barley futures for April 2015 contract ended at Rs. 1,115 per quintal, down by 0.49 %, after opening at Rs. 1,119 against the previous ending price of Rs. 1,120.5. It touched the intra-day low of Rs. 1,108.
Jeera prices ended higher by 0.24 % on Wednesday 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 April 2015 contract ended at Rs. 14,535 per quintal, up by 0.24 %, after opening at Rs. 14,600 against the previous ending price of Rs. 14,500. It touched the intra-day high of Rs. 14,720.
Maize prices ended lower by 1.67 % on Wednesday 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 April 2015 contract ended at Rs. 1,239 per quintal, down by 1.67 %, after opening at Rs. 1,242 against the previous ending price of Rs. 1,260. It touched the intra-day low of Rs. 1,233.
Chana prices ended higher 0.11 % 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 April 2015 contract ended at Rs. 3,620/quintal, up by 0.11 %, after opening at Rs. 3,613 against the previous ending price of Rs. 3,616. It touched the intra-day high of Rs. 3,635.
Crude oil futures surged in the domestic market on Wednesday as investors and speculators booked fresh positions in the energy commodity as the smallest increase in US crude production since January eased concerns over a worsening global supply glut.
US oil output climbed 3,000 barrels per day to 9.42 million barrels in the week ended March 20, the EIA said. Meanwhile, US refineries operated at 89 % of capacity last week, up from 88.1 % in the prior week, signaling a pickup in fuel demand in the world’s biggest fuel consumer.
Investors shrugged off an uptick in US crude stockpiles to the most on records dating back to August 1982. US crude supplies climbed 8.17 million barrels to 466.7 million barrels last week, while supplies at Cushing, Oklahoma, the biggest US oil storage hub, rose 1.91 million barrels to a record 56.3 million barrels last week. Investors cast aside a drop in US durable goods orders in February, down 1.4 % from the previous month, signaling a slowdown in manufacturing in the world’s biggest economy.
Oil may extend gains today as shrinking US production gains signal easing worries over a supply surplus. At the MCX, Crude oil futures, for the April 2015 contract, ended at Rs 3,094 per barrel, up by 3.30 %, after opening at Rs 2,982, against the last close price of Rs 2,995. It touched an intraday high of Rs 3,111 till the ending.
Gold futures ended higher in the domestic market on Wednesday as investors and speculators booked fresh positions in the precious metal tracking a firm trend in the overseas market as a weaker dollar boosted the appeal of the bullion as an alternative asset.
Gold may extend gains today amid renewed safe haven appeal and speculation of lower US interest rates for longer. At MCX, Gold futures for April 2015 contract ended at Rs 26,483 per 10 gram, up by 0.50 % after opening at Rs 26,280, against the previous ending price of Rs 26,351. It touched the intra-day high of Rs 26,498 till the ending.
Zinc futures ended flat in the domestic market on Wednesday as investors and speculators stayed cautious over booking fresh positions in the industrial metal amid weak physical demand for zinc in the domestic spot market. At the MCX, Zinc futures for March 2015 contract ended at Rs 129.80 per 1 kg, up by 0.04 % after opening at Rs 129.30, against the previous ending price of Rs 129.75. It touched the intra-day high of Rs 129.90 till the ending.
Natural gas futures ended sharply lower in the domestic and overseas market on Wednesday as investors and speculators booked profits in the energy commodity ahead of weekly supplies data which may show a modest withdrawal in stockpiles. US gas stockpiles likely fell by 10 billion cubic feet in the week ended March 20, analysts said ahead of EIA data on Thursday. Stockpiles fell 56 billion cubic feet in the same week last year while the five-year average decline stood at 19 billion cubic feet. At the MCX, Natural Gas futures for March 2015 contract ended at Rs 171 per 1 kg, down by 1.72 % after opening at Rs 173.10, against the previous ending price of Rs 174 It touched the intra-day low of Rs 169.20 till the ending.
About Derivatives Updates
Bank Nifty Index opened upward at
18310.10 with +32.85 points from the last day ending at 18331.45 and ended
negative at 18310.10. From the opening we saw constantly selling in Bank Nifty,
and near 2.15 O’clock Bank Nifty Index traded with day maximum of 18433.00 and slide
downward with continues selling and near ending Nifty Index traded with day low-lying
of 18271.60 and ended negative at 18310.10 with -0.12%, -21.35 points downward.
At the end of the market day Bank Nifty futures Loosed -0.34%, -63.25 points
downward to close at -18327.95 from the last day ending at 18391.20 with
premium of +17.85 points and percent change in open interest of -13.81%.
Nifty futures opened upward at 8580.10
with +6.25 point from the last day ending at 8573.85. From the opening we saw
normal buying in Nifty Futures near 2.15 O’clock Nifty Futures traded with day maximum
of 8587.70 and slide downward with constantly selling and near closing Nifty
Index traded with day low-lying of 8522.45 and ended negative at 8535.00 with
-0.45%, -38.85 points downward. And the full day Nifty Index traded between
8587.70 to 8522.45. At the end of the day Nifty futures Loosed -0.45%, -38.85
points downward to close at -8535.00 from the last day ending at 8522.45 with
premium of +4.20 points and percent change in open interest of -34.74%.
Rupee weakens against dollar due
to admiration of USD overseas
Rupee slide by six paise at 62.32
against the dollar in trade today at the Interbank Foreign Exchange due to admiration
of the US currency overseas. Fresh desired for the dollar from importers also
weighed on the local currency but a bigger opening in the domestic equity
market limited the rupee's losses. The rupee had inched upward by one paisa
against the American currency to close at 62.26 in yesterday's trade.
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