Stock Market Free Tips and News For 25 March 2015

Stock Market News: Mustard Seed prices ended lower by 0.27 % on Tuesday 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 ended at Rs. 3,377 per quintal, down by 0.27 %, after opening at Rs. 3,378 against the last ending price of Rs. 3,386. It touched the intra-day low of Rs. 3,372.

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NIFTY FUTURES 

NIFTY: BUY BANK NIFTY ABOVE 18395 TGTS 18435/18500/18600 SL 18345 

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CASH: BUY TATACHEM ABOVE 419 TGTS 422.50/428/435.50 SL 415 

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EQUITY HNI: BUY TATAELXSI ABOVE 1110 TGTS 1123/1145 SL 1095 

OPTIONS HNI 

OPTION HNI: BUY JSWENERGY 120 CALL ABOVE 3.40 TGTS 4.15/5.15 SL 2.65 

STOCK FUTURES 

FUTURE: AURO PHARMA MADE A HIGH OF 1185.80 ALMOST HITTING OUR 1ST TGT 1186 BOOK PART PROFIT 

STOCK OPTIONS 

OPTION: BUY EXIDE 185 CALL ABOVE 1.75 TGTS 2.25/3/4.25 SL 1 

STOCK FUTURES 

FUTURE: BUY WOCKPHARMA ABOVE 1912 TGTS 1915/1920/1927 SL 1908 

ULTRA EQUITY 

ULTRA CASH: BUY MCX ABOVE 1185 TGTS 1195/1205 SL 1175 

STOCK FUTURES 

FUTURE: WOCK PHARMA HIT 1ST TGT 1915 BOOK PART PROFIT 

STOCK FUTURES 

FUTURE: WOCK PHARMA MADE A HIGH OF 1194 NEAR TO OUR 2ND TGT 1196 BOOK MORE PROFIT

Barley prices ended lower by 1.44 % on Tuesday 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. 1,126.5 per quintal, down by 1.44 %, after opening at Rs. 1,141 against the last ending price of Rs. 1,143. It touched the intra-day low of Rs. 1,106.5.

Chana prices ended lower by 0.39 % 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 the NCDEX, chana futures for April 2015 contract ended at Rs. 3,613 per quintal, down by 0.39 %, after opening at Rs. 3,630 against the last ending price of Rs. 3,627. It touched the intra-day low of Rs. 3,604.

Maize prices ended lower by 0.24 % on Tuesday 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. 1,258 per quintal, down by 0.24 %, after opening at Rs. 1,243 against the last ending price of Rs. 1,261. It touched the intra-day low of Rs. 1,233.

Jeera prices ended higher by 1.12 % on Tuesday 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 the NCDEX, jeera futures for April 2015 contract ended at Rs. 14,485 per quintal, up by 1.12 %, after opening at Rs. 14,360 against the last ending price of Rs. 14,325. It touched the intra-day high of Rs. 14,680.

Crude oil futures surged in the domestic market on Tuesday as investors and speculators booked fresh positions in the energy commodity after a lower than expected US stockpile build % week eased concerns over a widening global supply glut. The gauge measuring US manufacturing climbed to 55.3 in March from 55.1 in February, with a reading above 50 signaling expansion. US sales of new homes surged 7.8 % to a 539,000 annual pace, the most since February 2008, in February 2015. Oil may fall today ahead of EIA data which may show that US crude supplies expanded from more than a three-decade high % week. At the MCX, Crude oil futures, for the April 2015 contract, ended at Rs 2,995 per barrel, up by 2.22 %, after opening at Rs 2,929, against the last close price of Rs 2,930. It touched an intraday high of Rs 3,047 till the ending.

Gold futures increased in the domestic market on Tuesday as investors and speculators booked fresh positions in the precious metal tracking a positive trend in the overseas market as traders continued to weigh the US interest rate outlook. However, a stronger dollar curbed the demand for gold as an alternative asset in the overseas market, trimming gains in the bullion. Stronger greenback makes gold more expensive for those holding other currencies, thus dimming desired. Inflation in the US climbed for the first time in four months, supporting gold, a hedge against rising consumer prices. US consumer prices rose 0.2 % in February 2015 from the last month.

At the same time, a pickup in inflation will boost the prospects of the Fed moving towards a rate hike in the coming months, dimming gold’s appeal as a store of value.

Federal Reserve Bank of St. Louis President James Bullard warned that investors risk a US interest rate surprise unless market expectations over monetary tightening and FOMC’s outlook are on the same page.

Gold may fall today after better than expected US inflation data upped bets of US monetary tightening. At the MCX, Gold futures for April 2015 contract ended at Rs 26,351 per 10 gram, up by 0.58 % after opening at Rs 26,169, against the last ending price of Rs 26,198. It touched the intra-day high of Rs 26,389 till the ending.

Natural Gas futures surged in the domestic and overseas market on Tuesday as investors and speculators booked fresh positions in the energy commodity after a cold b% was set to hit the US Northeast region later in the week, lifting the demand outlook for the heating fuel. Latest weather forecasting models showed that a polar b% may hit the northern US through March 28, bringing rain and snow, bolstering the need for heating at homes and offices. At the MCX, Natural Gas futures for March 2015 contract ended at Rs 174 per 1 kg, up by 2.11 % after opening at Rs 170.90, against the last ending price of Rs 170.40 It touched the intra-day high of Rs 175.70 till the ending.

Zinc futures climbed in the domestic market on Tuesday as investors and speculators booked fresh positions in the industrial metal as Euro area private sector growth hit a four-year high in March, signaling a pickup in the 19-member economy, lifting the demand outlook for industrial metals. A combined gauge measuring Euro area manufacturing and services climbed to 54.1 this month from 53.3 in February, with a reading above 50 signaling expansion.

However, renewed contraction in Chinese manufacturing sector in March clouded the demand outlook for the base metal, trimming gains in Zinc futures. China’s manufacturing PMI slide to 49.2 this month from 50.7 in February, with a reading below 50 signaling shrinkage. At the MCX, Zinc futures for March 2015 contract ended at Rs 129.75 per 1 kg, up by 0.15 % after opening at Rs 128.80, against the last ending price of Rs 129.55. It touched the intra-day high of Rs 130.25 till the ending.

About Forex Updates

Rupee gains profit against dollar on increased selling of USD

Rupee strengthened by 12 paise at 62.34 against the US dollar today at the Interbank Foreign Exchange market on increased selling of the American currency by exporters. Besides bigger opening in domestic equity market, a weakening dollar against other currencies overseas after the US Federal Reserve moistened expectations for an early interest rate hike, supported the rupee. The rupee had ended higher by six paise at 62.46 in the last session on Friday on sustained selling of dollars, wrapping upward its best weekly performance in about two months.

About Derivatives Updates

Nifty futures opened downward at 8551.25 with -13.75 point from the last day ending at 8565.00. Nifty opened at 8551.25 and near 1.30 O’clock Nifty Futures traded with day low of 8548.00 and moved upward with constantly buying and near 2.45 O’clock Nifty Futures traded with day max of 8653.35 and at the end of the market Nifty Futures ended positive at 8578.65 with +0.16%, +13.65 points upward. And the full day Nifty Index traded between 8653.35 to 8548.00. At the end of the day Nifty futures Gained profit of +0.16%, +13.65 points upward to end at +8578.65 from the last day ending at 8565.00 with premium of +35.70 points and percent change in open interest of -11.28%.

Bank Nifty Index opened downward at 18348.35 with -100.65 points from the last day ending at 18449.00 and ended negative at 18331.45. From the opening we saw constantly selling in Bank Nifty, and near 1.30 O’clock Bank Index traded with day low of 18289.75 and near ending of the market Bank Nifty moved upward with constantly buying and traded with day max of 18546.25, at the end of the market day Bank Index ended negative at 18331.45 with -0.64%, -117.55 points downward. At the end of the market day Bank Nifty futures Loosed -0.57%, -105.95 points downward to close at -18390.00 from the last day ending at 18495.95 with premium of +58.55 points and percent change in open interest of -9.03%.

Commodity Tips and Updates for 24 March 2015

Stock Market News: Crude oil futures fell in the domestic market on Monday as a rise in the Indian rupee against the US dollar more than offset the gains witnessed in the energy commodity in the overseas market. A stronger rupee tends to exert downward pressure in the fuel in the domestic market. Further, Saudi Arabian Oil Minister Ali al-Naimi said that the Saudi Kingdom is pumping nearly 10 million barrels of oil per day, which is close to a record, signaling worries over a worsening global supply glut. US economic data came in mixed as sales of existing homes rose last month while a gauge of national activity fell, clouding the demand outlook for the fuel in the world’s biggest crude consumer. US sales of existing homes climbed 1.2 per cent to a 4.88 million annual rate in February 2015 while the Chicago Fed National Activity index fell to -0.11 in February from -0.10 in January, with a reading below 0 signaling contraction.

Crude futures may extend losses today ahead of data which may show that US crude supplies rose from over a three decade high last week. At the MCX, Crude oil futures, for the April 2015 contract, closed at Rs 2,930 per barrel, down by 0.61 per cent, after opening at Rs 2,930, against the previous close price of Rs 2,948. It touched an intraday low of Rs 2,859 till the closing.

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ULTRA CASH: BUY THERMAX ABOVE 1135 TGTS 1145/1160 SL 1125 

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CASH: BUY SINTEX ABOVE 120.50 TGTS 121.50/123.50/128.50 SL 119 

FUTURE BONANZA 

FUTURE BONANZA: BUY HINDUSTAN UNILEVER (HUL) ABOVE 903 TGTS 913/927 SL 893 

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STOCK OPTIONS 

OPTION: PFC 280 CALL HIT 1ST TGT 4.25 HIGH OF 4.55 REC TO BUY @ 3.25 YESTERDAY BOOK PART PROFIT

Gold futures ended tad higher in the domestic market on Monday 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 demand for the bullion as an alternative asset. Stronger greenback makes gold cheaper for those holding other currencies, thus bolstering demand. While the FOMC in its latest policy statement stressed that it will wait before raising interest rates until it is “reasonably confident” of inflation returning to target levels, a top official from the central bank, Federal Reserve Bank of San Francisco President John Williams saw the case for a hike in rates in mid-summer, curbing the lure for gold as a store of value. Gold may extend gains today after Fed vice chairman Stanley Fisher stressed that there won’t be a “smooth upward path” for rates.

At the MCX, Gold futures for April 2015 contract closed at Rs 26,198 per 10 gram, up by 0.06 per cent after opening at Rs 26,162, against the last ending price of Rs 26,182. It touched the intra-day high of Rs 26,220 till the closing.

Natural Gas futures plummeted in the domestic and overseas market on Monday as forecasts for mild spring weather threatened to curb the demand for the heating fuel. The Commodity Weather Group expects mostly average temperatures in the contiguous US from April 2 to April 6.

At the MCX, Natural Gas futures for March 2015 contract closed at Rs 170.40 per 1 kg, down by 2.46 per cent after opening at Rs 173.50, against the previous closing price of Rs 174.70. It touched the intra-day low of Rs 167.90 till the closing.

Hot Buzz

Zinc futures surged 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. Investor confidence in the Euro area climbed this month, signaling a pickup in the 19-member economy, lifting the demand outlook for industrial metals. The gauge measuring Euro area consumer confidence rose to -3.7 in March from -6.7 in February. At the MCX, Zinc futures for March 2015 contract closed at Rs 129.55 per 1 kg, up by 1.25 per cent after opening at Rs 127.70, against the last ending price of Rs 127.95. It touched the intra-day high of Rs 129.90 till the closing.

Barley prices closed lower by 0.78 per cent on Monday 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. 1,139 per quintal, down by 0.78 per cent, after opening at Rs. 1,143 against the previous closing price of Rs. 1,148. It touched the intra-day low of Rs. 1,138. Barley is a cereal grain derived from the annual grass Hordeum vulgare. This mostly adaptable crop is popular in temperate areas where it is grown as a summer crop and tropical areas where it is sown as a winter crop

Jeera prices closed lower by 1.98 per cent on Monday 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 NCDEX, jeera futures for April 2015 contract closed at Rs. 14,320 per quintal, down by 1.98 per cent, after opening at Rs. 14,590 against the previous closing price of Rs. 14,610. It touched the intra-day low of Rs. 14,200.

Chana prices closed higher 0.72 per cent on Monday 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 April 2015 contract closed at Rs. 3,637 per quintal, up by 0.72 per cent, after opening at Rs. 3,607 against the previous ending price of Rs. 3,611. It touched the intra-day high of Rs. 3,642.

Mustard Seed prices closed lower by 0.5 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. 3,381 per quintal, down by 0.5 per cent, after opening at Rs. 3,405 against the previous closing price of Rs. 3,398. It touched the intra-day low of Rs. 3,410.

Maize prices ended lower by 1.5 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 April 2015 contract closed at Rs. 1,245 per quintal, down by 1.5 per cent, after opening at Rs. 1,269 against the previous closing price of Rs. 1,264. It touched the intra-day low of Rs. 1,238.

About Nifty Futures

Nifty futures opened upward at 8619.95 with +14.90 point from the last day of ending at 8602.05. From the morning we saw constantly selling in Nifty Futures, Nifty Futures opened with day max of 8625.00 and slide downward, near ending of the market Nifty traded with day low of 8552.75 and at the end Nifty closed negative at 8565.00 with -0.43%, -37.05 points downward. And the full day Nifty Index traded between 8625.00 to 8552.75. At the end of the day Nifty futures Loosed -0.43%, -37.05 points downward to close at -8565.00 from the last day ending at 8552.75 with premium of +14.10 points and percent change in open interest of -3.99%.

About Forex

Sliding euro lifts summer plans for Indian With the euro deploring by more than 15 percent over the previous year, Indians are packing their bags for trips to European countries as summer vacations approach. Currency fluctuations have led to a decreased of at least 10 percent in rates of European tour packages and travel companies claim 30 to 35 percent growth in queries and conversions for Europe this season.

Stock Market News and Tips For 23 March 2015

Stock Market News: Chana prices ended higher 0.28 %on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the traders enlarged their holdings in the commodity on account of the good desired in the market. At the NCDEX, Chana futures for April 2015 contract ended at Rs. 3,614 per quintal, up by 0.28 per cent, after opening at Rs. 3,614 against the previous closing price of Rs. 3,604. It touched the intra-day high of Rs. 3,623.

Stock Market Tips

STOCK FUTURES

FUTURE: BUY CIPLA ABOVE 705.50 TGTS 708.50/713.50/720.50 SL 701.50

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OPTION: BUY BHARTI AIRTEL 380 CALL ABOVE 9.50 TGTS 10.50/12/14.50 SL 8

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ULTRA CASH: BUY UBL ABOVE 956 TGTS 964/974 SL 946 

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EQUITY HNI: BUY BAJAJFINSV ABOVE 1345 TGTS 1360/1380 SL 1330

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NIFTY: BUY BANK NIFTY ABOVE 18635 TGTS 18675/18735/18835 SL 18585

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FUTURE: BUY BPCL ABOVE 734.50 TGTS 737.50/742.50/749.50 SL 730.50

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EQUITY HNI: BAJAJFINSV BUY CALL MADE A HIGH OF 1359 NEAR TO OUR 1ST TGT 1360 BOOK PART PROFIT 

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OPTION: BUY NIFTY 8400 CALL ABOVE 201 TGTS 211/226/251 SL 186 

NIFTY FUTURES

NIFTY: BANK NIFTY MADE A HIGH OF 18665 NEAR TO OUR 1ST TGT 18675 BOOK PART PROFIT AND REVISE SL AT COST 

Mustard seed prices ended higher by 0.5 %on Friday 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 the NCDEX, mustard seed futures for April 2015 contract ended at Rs. 3,398 per quintal, up by 0.5 per cent, after opening at Rs. 3,378 against the previous closing price of Rs. 3,381. It touched the intra-day high of Rs. 3,410.

Barley prices ended lower by 0.61 %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 desired from beer and cattle-feed makers. At the NCDEX, barley futures for April 2015 contract ended at Rs. 1,145.5 per quintal, down by 0.61 per cent, after opening at Rs. 1,152.5 against the previous closing price of Rs. 1,152.5. It touched the intra-day low of Rs. 1,145.

Maize prices ended higher by 2.09 %on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of a rise in the desired from exporters and poultry industries. At the NCDEX, maize futures for April 2015 contract ended at Rs. 1,271 per quintal, up by 2.09 per cent, after opening at Rs. 1,232 against the previous closing price of Rs. 1,245. It touched the intra-day high of Rs. 1,272

Jeera prices ended lower by 1.15 %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 April 2015 contract ended at Rs. 14,640 per quintal, down by 1.15 per cent, after opening at Rs. 14,765 against the previous closing price of Rs. 14,810. It touched the intra-day low of Rs. 14,555.

Gold futures surged in the domestic and overseas market on Friday as investors and speculators booked fresh positions in the precious metal as the dollar tumbled against a basket of key currencies, boosting the appeal of the yellow metal as an alternative asset. The Fed decreased its forecasts for interest rates at the end of 2015 to 0.625 %, from December’s estimate of 1.125 %.

At the MCX, Gold futures for April 2015 contract ended at Rs 26,182 per 10 gram, up by 0.85 %after opening at Rs 25,980, against the last ending price of Rs 25,962. It touched the intra-day maximum of Rs 26,236 till the ending.

Zinc futures surged in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical desired for zinc in the domestic spot market. At the MCX, Zinc futures for March 2015 contract ended at Rs 127.95 per 1 kg, up by 1.43 % after opening at Rs 125.80, against the last ending price of Rs 126.15. It touched the intra-day maximum of Rs 128.35 till the closing.

Natural Gas futures ended lower in the domestic market on Friday as investors and speculators exited positions in the energy commodity tracking a weak trend in the overseas market as forecasts for milder weather in the central and western US dimmed the desired outlook for the heating fuel. At the MCX, Natural Gas futures for March 2015 contract ended at Rs 174.70 per 1 kg, down by 0.11 %after opening at Rs 176, against the previous closing price of Rs 174.90. It touched the intra-day low of Rs 172.60 till the closing

Bank Nifty Index opened upward at 19345.70 with +198.45 points from the last day ending at 19147.20 and ended negative at 18811.15. From the opening we saw constantly selling in Bank Nifty Bank Nifty Index opened gap upward and trade with day max of 19373.45 and slide downward with continuous selling and near ending of the market Nifty traded with day low of 18739.85 at the end of the market day Bank Index ended negative at 18811.15 with -1.76%, -336.10 points downward. At the end of the market day Bank Nifty futures Gained profit of +0.68%, +130.40 points upward to close at 19379.00 from the last day ending at 19248.60 with premium of +567.85 points and percent change in open interest of +4.21%.

Crude Oil Prices Increased by 0.38 %

Stock Market News: Crude oil prices increased by 0.38 % on Friday at the domestic markets as the dollar weakened, but gains was limited by supply concerns after Kuwait said OPEC had no choice but to maintain output levels. A weaker dollar typically supports prices for commodities denominated in the greenback, making them cheaper for holders of other currencies. Profit Gains were also limited after Iraq's southern oil exports have risen in March as poor weather that delayed cargoes in February cleared, putting OPEC's second-largest producer back within sight of record shipments. At MCX, crude oil futures for February 2015 contract were trading at Rs. 2,873 per barrel, up by 0.38 per cent, after opening at Rs. 2,885 against the last ending price of Rs. 2,862. It touched the intra-day high of Rs. 2,887 till the trading.

Coriander prices increased by 1.53 % on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the limited stocks on account of restricted arrivals from the major growing belts. At NCDEX, coriander futures for April 2015 contract was trading at Rs. 7,521/quintal, up by 1.53 % after opening at Rs. 7,470 against the previous ending price of Rs. 7,408. It touched the intra-day high of Rs. 7,619 till the trading.

Castorseed prices increased by 0.5 % on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the rise in demand from consuming industries against restricted arrivals in domestic markets which in turn encouraged the investors to enlarge their holdings. At NCDEX, castor seed futures for March 2015 contract were trading at Rs. 3,625/quintal tonnes, up by 0.5 %, after opening at Rs. 3,618 against the previous closing price of Rs. 3,607. It touched the intra-day high of Rs. 3,625 till the trading. Castor is a non-edible oilseed crop; basically a cash crop, with average 46 percent oil regaining.

Copper prices slide by 0.39 % on Friday at the domestic markets after manufacturing activity in the Philadelphia-region expanded at the slowest pace in 13 months in March, fuelling concerns over the US economic outlook which reduced the desired outlook for the metal. The Federal Reserve Bank of Philadelphia said that its manufacturing index deteriorated to a reading of 5.0 this month from February’s reading of 5.2. At MCX, copper futures for April 2015 contract were trading at Rs.369.25/1 kg, downward by 0.39 %, after opening at Rs. 370 against the last closing price of Rs. 370.70. It touched the intra-day low of Rs. 367.80 till the trading.

Gold prices slide by 0.02 % on Friday at the domestic markets amid renewed concern that the Federal Reserve will still raise U.S. interest rates, even as policy makers cut their outlook for borrowing costs. However, weak dollar raised the appeal of the bullion as an alternative asset. Weaker dollar makes the precious metal cheaper for those holding other currencies, thus increasing demand. Gold futures for April 2015 contract, at MCX, were trading at Rs. 25,958/10 grams, downward by 0.02 % after opening at Rs. 25,980 against the last ending price of Rs. 25,962. It touched the intra-low low of Rs. 25,906 till the trading.

Mentha oil prices increased by 0.74 % on Friday at the Multi Commodity Exchange (MCX) due to tight stocks position in the physical market due to restricted arrivals from producing belts. At MCX, Mentha oil futures for March 2014 contract, at MCX, were trading at Rs. 802.50/kg, upward by 0.74 % after opening at Rs. 801.60 against the last closing price of Rs. 796.60. It touched the intra-day high of Rs. 805.70 till the trading. 

Zinc prices increased by 0.59 % on Friday at the domestic markets due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the strong desired for the commodity. LME zinc stocks fell by 3250 metric tonnes to 524075 metric tonnes as on March 20, 2015. Zinc futures for March 2015 contract, at MCX, were trading at Rs 126.90/kg, upward by 0.59 % after opening at Rs. 125.80 against the previous closing price of Rs. 126.15. It touched the intra-day high of Rs. 127.15 till the trading.

Copper stocks -850 MT to 341750, Aluminum Stocks +23950 MT to 3976650 MT, Nickel Stocks -1338 MT to 430482 MT, Zinc Stocks -3250 MT to 524075 MT, Lead Stocks -150 MT to 234875 MT.

Free Tips And Stock Market News For 20 March 2015

Stock Market News: Gold futures increased in the domestic and overseas market on Thursday as investors continued to ponder Federal Reserve tea leaves on the prospects of a rate increase by June. Prices increased after somewhat dovish comments from Federal Reserve chair Janet Yellen regarding a potential interest rate increase helped the precious metal regained from an extended slump. Further, weaker dollar boosted the desired for gold as an alternative asset, trimming losses in the bullion. Weaker greenback makes gold cheaper for those holding other currencies, thus boosting desired. Gold may trade on a higher note today after the US Fed policy meet. At MCX, Gold futures for April 2015 contract ended at Rs 25,962/10 gram, upward by 1.28 % after opening at Rs 25,740, against the last ending price of Rs 25,637. It touched the intra-day max of Rs 25,997 till the ending.

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ULTRA FUTURE: SELL KOTAK BANK BELOW 1312 TGTS 1302/1288 SL 1322

EQUITY TIPS

CASH: BUY SINTEX ABOVE 123.30 TGTS 124.30/126.30/131.30 SL 121.80

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NIFTY BONANZA: KINDLY EXIT BANK NIFTY BUY CALL SL TRIGGERED

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NIFTY BONANZA: KINDLY EXIT BANK NIFTY BUY CALL SL TRIGGERED

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OPTION: BUY IDEA 175 CALL ABOVE 5.30 TGTS 5.80/6.55/7.80 SL 4.55

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ULTRA CASH: BUY NAUKRI ABOVE 841 TGTS 849/859 SL 831

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ULTRA FUTURE: SELL AXIS BANK BELOW 557.50 TGTS 552.50/545.50 SL 562.50

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EQUITY HNI: BUY TORNTPHARMA ABOVE 1161 TGTS 1172/1186 SL 1147

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ULTRA OPTION: BUY IDFC 170 CALL ABOVE 1.70 TGTS 2.70/4.70 SL 0.70

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ULTRA CASH: SIEMENS BUY CALL HIT 1ST TGT 1375 HIGH OF 1377.10 BOOK PART PROFIT

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ULTRA CASH: BTST BAJAJFINSV HIT FINAL TGT 1500 HIGH OF 1557.65 BOOK FULL PROFIT

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ULTRA CASH: BUY SIEMENS ABOVE 1360 TGTS 1375/1400/1425 SL 1350

Chana prices closed lower by 0.44 per cent on Thursday 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 April 2015 contract ended at Rs. 3,609/quintal, downward by 0.44 %, after opening at Rs. 3,628 against the previous closing price of Rs. 3,625. It touched the intra-day low of Rs. 3,595.

Maize prices closed higher by 0.23 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 NCDEX, Maize futures for March 2015 contract ended at Rs. 1,327/quintal, upward by 0.23 %, after opening at Rs. 1,360 against the last ending price of Rs. 1,324. It touched the intra-day high of Rs. 1,360

Barley prices closed lower by 0.6 per cent on Thursday 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 closed at Rs. 1,153.5 per quintal, down by 0.6 per cent, after opening at Rs. 1,159.5 against the previous closing price of Rs. 1,160.5. It touched the intra-day low of Rs. 1,144.5.

Jeera prices closed higher by 0.55 per cent on Thursday 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 March 2015 contract closed at Rs. 14,590 per quintal, up by 0.55 per cent, after opening at Rs. 14,680 against the previous closing price of Rs. 14,510. It touched the intra-day high of Rs. 14,680.

Mustard Seed prices closed lower by 0.21 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 NCDEX Mustard Seed futures for April 2015 contract ended at Rs. 3,382/quintal, downward by 0.21 %, after opening at Rs. 3,396 against the last closing price of Rs. 3,389. It touched the intra-day low of Rs. 3,402.

Crude oil futures increased in the domestic market on Thursday as investors awaited an industry rig count estimate in the U.S. Speaking to reporters in Kuwait City. Crude oil may fall today on account of the recent EIA data which threatens to worsen a global oversupply. At MCX, Crude oil futures, for the March 2015 contract, ended at Rs 2,706/barrel, upward by 1.50 %, after opening at Rs 2,673, against the previous close price of Rs 2,666. It touched an intraday high of Rs 2,754 till the ending.

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Rupee gains profit for the 4th day vs Dollar, upward by 17 paise

The Indian rupee today appreciated by 17 paise to close at 62.52 against US dollar after the Federal Reserve's pacifist instance on rates eased discharge concerns. Persistent selling of dollars by banks and exporters due to weakness of dollar in the overseas market also helped the domestic currency close the day bigger. The Indian rupee rupee continues higher at 62.38/dollar as against the last ending level of 62.69/dollar at the Interbank Foreign Exchange (Forex) Market. It firmed upward further to 62.35/dollar on the initial heavy selling of dollars from banks and exporters.

About Derivatives News

Nifty futures opened Gap upward at 8765.50 with +60.80 points from the last day ending at 8704.70. From the morning we saw constantly selling in Nifty Futures, Nifty Futures opened with day maximum of 8815.00 and slided downward, near ending of the market Nifty traded with day low-lying of 8752.60 but at the end Nifty moved and ended positive at 8770.10 with +0.75%, +65.40 points upward. And the full day Nifty Index traded between 8815.00 to 8752.60. At the end of the day Nifty futures Gained profit of 0.69%, +60.30 points upward to end at +8765.00 from the last day closing at 8704.70 with premium of 130.35 points and percent change in open interest of +2.55%.

Stock Market News and Free Tips for 19 March 2015

Stock Market News: Gold futures increased in the domestic and overseas market on Wednesday as the US dollar weakened following comments from Federal Reserve chair: Janet Yellen. While Ms. Yellen specified that its benchmark Federal Funds Rate could be raised later this year, she highlight that it will not occur until after the Federal Open Market Committee’s in upcoming meeting in April, at the earliest. A weaker dollar boosted the desired for gold as an alternative asset, cutting losses in the bullion. Weaker greenback makes gold cheaper for those holding other currencies, thus booming desired. Gold may trade on a bigger note today after the US Fed policy meet. At the MCX, Gold futures for April 2015 contract ended at Rs 25,637/10 gram, upward by 0.08 % after opening at Rs 25,631, against the last ending price of Rs 25,617. It touched the intra-day max of Rs 25,697 till the ending.

Stock Market Tips

STOCK FUTURES 

FUTURE: LUPIN HIT 2ND TGT 1929.50 HIGH OF 1929.85 BOOK MORE PROFIT 

ULTRA FUTURES 

ULTRA FUTURE: SELL COLGATE PALMOLIVE (COLPAL) BELOW 2050 TGTS 2030/2002 SL 2070 

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EQUITY HNI: SELL PVR BELOW 709 TGTS 700/685 SL 719 

EQUITY HNI 

EQUITY HNI: BOOK MINOR PROFIT IN BAJAJFINSV BUY CALL AND EXIT 

NIFTY BONANZA 

NIFTY BONANZA: SELL BANK NIFTY BELOW 19390 TGTS 19310/19210 SL 19490 

ULTRA OPTIONS 

ULTRA OPTION: BUY HDIL 115 PUT ABOVE 3 TGTS 3.50/5 SL 2.50 

STOCK FUTURES 

FUTURE: LUPIN HIT 1ST TGT 1919.50 HIGH OF 1923 

STOCK FUTURES 

FUTURE: LUPIN ALMOST HIT 1ST TGT 1919.50 HIGH OF 1919 BOOK PART PROFIT AT CMP 

NIFTY FUTURES 

NIFTY: SELL NIFTY BELOW 8795 TGTS 8775/8745 SL 8820 

ULTRA OPTIONS 

ULTRA OPTION: APOLLOTYRE 170 CALL MADE A HIGH OF 4.30 NEAR TO OUR 1ST TGT BOOK PART PROFIT AND REVISE SL AT COST 

STOCK FUTURES 

FUTURE: BUY BHEL ABOVE 261.60 TGTS 263.10/265.60/269.10 SL 259.60 

EQUITY TIPS 

CASH: BUY UBL ABOVE 1000 TGTS 1008/1018/1028 SL 990 

OPTIONS HNI 

OPTION HNI: BUY ADANIPOWER 50 CALL ABOVE 1.65 TGTS 2/3 SL 1.25

Chana prices closed lower by 0.44 per cent on Wednesday 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. 3,628/quintal, downward by 0.44 %, after opening at Rs. 3,645 against the previous closing price of Rs. 3,644. It touched the intra-day low of Rs. 3,606.

Barley prices closed lower by 1.19 per cent 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 the NCDEX, barley futures for April 2015 contract closed at Rs. 1,159 per quintal, down by 1.19 per cent, after opening at Rs. 1,172 against the previous closing price of Rs. 1,173. It touched the intra-day low of Rs. 1,155.

Maize prices closed higher by 0.76 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. NCDEX maize futures for March 2015 contract ended at Rs. 1,325/quintal, upward by 0.76 %, after opening at Rs. 1,325 against the previous closing price of Rs. 1,315. It touched the intra-day high of Rs. 1,325

Mustard seed prices closed higher by 0.27 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. Mustard seed futures for April 2015 contract ended at Rs. 3,390/quintal, upward by 0.27 per cent, after opening at Rs. 3,377 against the previous closing price of Rs. 3,381. It touched the intra-day high of Rs. 3,397.

Jeera prices closed lower by 1.19 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 desired. NCDEX, jeera futures for March 2015 contract ended at Rs. 14,540/quintal, downward by 1.19 %, after opening at Rs. 14,655 against the previous closing price of Rs. 14,715. It touched the intra-day low of Rs. 14,400. Global output of Jeera is about 2.2 lakh MT/year, of which India produces around 1.5 lakh MT/year.

Copper futures closed lower in the domestic market on Wednesday as mounting concerns over the health of China's property sector moistened appetite for the red metal. Copper prices may decline as traders keep an eye on upcoming global data. At the MCX, Copper futures for April 2015 contract ended at Rs. 358.30/1 kg, downward by 2.89 % after opening at Rs. 367.15 against the last ending price of Rs. 368.95. It touched the intra-day low of Rs. 357.30 till the ending.

Crude oil futures fell in the domestic market on Wednesday after US crude oil inventories rose more-than-expected last month, official data showed on Wednesday signaling weak demand in US which reduced the demand prospects for the fuel. In a report, Energy Information Administration said that US Crude Oil Inventories rose to a seasonally adjusted annual rate of 9.622M, from 4.512M in the previous month. Sentiment weakened further after Property prices fell again in most major Chinese cities in February indicating weak sentiment in the region which further reduced the demand outlook for the fuel. Crude oil may fall today on account of the recent EIA data which threatens to worsen a global supply glut. At MCX, Crude oil futures, for the March 2015 contract, ended at Rs 2,666/barrel, downward by 3.37 %, after opening at Rs 2,752, against the last close price of Rs 2,759. It touched an intraday low-lying of Rs 2,643 till the ending.

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Rupee rises to 2- week maximum 

The rupee strengthened to its biggest level in 2 weeks on Thursday after a peaceful Fed statement, but further profit gains will depend on foreign fund flows into equity markets during the day. The U.S. Federal Reserve on Wednesday raised a step closer to increasing rates for the first time since 2006, but degraded its economic growth and expansion projections, signalling it is in no rush to push borrowing costs to more normal levels.

Mcx Commodity Updates and Stock Market Free Tips for 18 March 2015

Stock Market News: Crude oil futures increased in the domestic market on Tuesday as investors and speculators booked fresh positions in the energy commodity as a weaker dollar boosted the demand for oil as an alternative asset. Weaker greenback makes crude cheaper for those holding other currencies, thus boosting demand. However, the gains in the fuel were curbed by an uptick in US oil stockpiles last week which signaled a weakening demand for the fuel in the world’s biggest crude consumer. US crude supplies climbed 10.5 million barrels last week, the American Petroleum Institute (API) said.

Further, US housing starts plunged at the sharpest pace since 2011 last month, signaling a faltering housing market recovery in the world’s biggest economy, dimming the demand outlook for the fuel. Starts fell 17 per cent to an annualized rate of 897,000 in February 2015 from the previous month. Crude oil may fall today ahead of EIA data which may show that US stockpiles surged to a fresh record last week, threatening to worsen a global supply glut. At the MCX, Crude oil futures, for the March 2015 contract, closed at Rs 2,759 per barrel, up by 0.66 per cent, after opening at Rs 2,754, against the previous close price of Rs 2,741. It touched an intraday high of Rs 2,782 till the closing.

Stock Market Free Tips

NIFTY FUTURES 

NIFTY: BANK NIFTY BUY CALL HIT 1ST TGT 19130 HIGH OF 19159.09 CMP 19152 

STOCK OPTIONS 

OPTION: IDEA 175 CALL HIT 1ST TGT 7 HIGH OF 7.10 BOOK PART PROFIT 

NIFTY FUTURES 

NIFTY: BANK NIFTY BUY CALL MADE A HIGH OF 19125 NEAR TO OUR 1ST TGT 19130 BOOK PART PROFIT AND REVISE SL AT COST 

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OPTION: NIFTY 8500 CALL HIT 1ST TGT 242 HIGH OF 243.70 BOOK PART PROFIT 

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ULTRA FUTURE: BUY ASIAN PAINTS ABOVE 832.50 TGTS 837.50/844.50 SL 827.50 

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NIFTY: REVISION BUY BANK NIFTY ABOVE 19090 (CMP-19081) TGTS 19130/19190 SL 19040 

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OPTION: BUY NIFTY 8500 CALL ABOVE 232 TGTS 242/257/282 SL 217 

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ULTRA FUTURE: BUY LUPIN ABOVE 1890 TGTS 1900/1914 SL 1880 

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FUTURE: BUY RELIANCE INFRA ABOVE 461 TGTS 464/469/476 SL 457 

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EQUITY HNI: TATA ELXSI BUY CALL HIT 1ST TGT 1212 HIGH OF 1216.90 BOOK PART PROFIT 

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OPTION: BUY ADANIPORTS 310 CALL ABOVE 14.50 (CMP-14.15) TGTS 15.50/17/19.50 SL 13 

ULTRA EQUITY 

ULTRA CASH: SIEMENS BUY CALL HIT 1ST TGT 1422 BOOK PART PROFIT 

EQUITY HNI 

EQUITY HNI: BUY TATAELXSI ABOVE 1208 (CMP-1207) TGTS 1220/1250 SL 1196 

STOCK FUTURES 

FUTURE: SELL JUBILANT FOOD BELOW 1560 TGTS 1554/1544/1530 SL 1568

Gold futures fell in the domestic and overseas market on Tuesday as investors and speculators exited positions in the precious metal amid caution ahead of the outcome of the US Federal Reserve’s two-day policy meet on Wednesday in which the world’s top central bank is expected to offer some cues over when it plans to start hiking short-term borrowing costs for the first time since 2006. Investors are fretting that the FOMC may drop the word “patient” from its statement, which would signal a clear readiness to raise interest rates in the near-future, and that may adversely impact the bullion’s demand as a store of value. However, 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 trade on a subdued note today as investors await the Fed policy decision. At the MCX, Gold futures for April 2015 contract closed at Rs 25,617 per 10 gram, down by 0.64 per cent after opening at Rs 25,721, against the last ending price of Rs 25,783. It touched the intra-day low-lying of Rs 25,521 till the ending.

Natural Gas futures soared in the domestic and overseas market on Tuesday as investors and speculators booked fresh positions in the energy commodity as forecasts of a cold blast to hit the US Northeast region later in the week bolstered the demand outlook for the heating fuel. Latest weather forecasting models called for extremely cold weather including rain and snow to hit the northern US through March 23, 2015. At the MCX, Natural Gas futures for March 2015 contract closed at Rs 178.50 per 1 kg, up by 4.20 per cent after opening at Rs 172.40, against the previous closing price of Rs 171.30. It touched the intra-day high of Rs 179.40 till the closing.

Zinc futures ended bigger in the domestic market on Tuesday as investors and speculators booked fresh positions in the industrial metal after German investor confidence climbed in March, signaling a pickup in Europe’s biggest economy, lifting the demand outlook for zinc. The gauge measuring German investor confidence rose to 54.8 in March from 53 in February, ZEW said. A pickup in physical desired for zinc in the domestic spot market also boosted zinc futures. At the MCX, Zinc futures for March 2015 contract closed at Rs 126.70 per 1 kg, up by 0.48 per cent after opening at Rs 125.90, against the last ending price of Rs 126.10. It touched the intra-day maximum of Rs 127.05 till the ending.

Chana prices closed lower by 1.09 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. Chana futures for April 2015 contract ended at Rs. 3,645 per quintal, down by 1.09 per cent, after opening at Rs. 3,669 against the previous closing price of Rs. 3,685. It touched the intra-day low of Rs. 3,601. Maize prices closed higher by 1.07 per cent on Tuesday 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 ended at Rs. 1,318 per quintal, up by 1.07 %, after opening at Rs. 1,315 against the last ending price of Rs. 1,304. It touched the intra-day maximum of Rs. 1,320

Mustard Seed prices closed lower by 0.85 per cent on Tuesday 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. Mustard Seed futures for April 2015 contract ended at Rs. 3,375/quintal, down by 0.85 per cent, after opening at Rs. 3,400 against the last ending price of Rs. 3,404. It touched the intra-day low of Rs. 3,372

Barley prices closed lower by 1.84 per cent on Tuesday 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 April 2015 contract closed at Rs. 1,174 per quintal, down by 1.84 per cent, after opening at Rs. 1,188 against the previous closing price of Rs. 1,196. It touched the intra-day low of Rs. 1,162.5.

Jeera prices closed lower by 3.36 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 March 2015 contract closed at Rs. 14,630 per quintal, down by 3.36 per cent, after opening at Rs. 14,780 against the previous closing price of Rs. 15,035. It touched the intra-day low of Rs. 14,530.

About Forex News

The rupee closed the day at 62.76 against the US currency at the Interbank Foreign Exchange on increased selling of the American currency by banks and exporters amid lower dollar value overseas on listless US manufacturing data. Forex dealers said assisted capital arrivals and a bigger opening of the domestic equity market boosted the rupee sentiments. Yesterday, the rupee had gained profit of 16 paise to closed at 62.81 against the American currency on fresh selling of dollars.

Get More Updates: Stock Market News

Commodity Updates for 16 March 2015

Market News: Chana prices closed higher 0.98 per cent on Friday 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 April 2015 contract closed at Rs. 3,721 per quintal, up by 0.98 per cent, after opening at Rs. 3,688 against the previous closing price of Rs. 3,685. It touched the intra-day high of Rs. 3,730. 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.

Mustard seed prices closed higher by 0.35 per cent on Friday 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 the NCDEX, mustard seed futures for April 2015 contract closed at Rs. 3,399 per quintal, up by 0.35 per cent, after opening at Rs. 3,387 against the previous closing price of Rs. 3,387. It touched the intra-day high of Rs. 3,410. India produces 5.5 million MT to7 million MT annually and about 0.15 million MT is retained for sowing and direct consumption as seed which leaves about 4.8-5.1 million MT for crushing and extracting oil.

Jeera prices closed higher by 0.75 per cent 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 the NCDEX, jeera futures for March 2015 contract closed at Rs. 14,705 per quintal, up by 0.75 per cent, after opening at Rs. 14,655 against the previous closing price of Rs. 14,595. It touched the intra-day high of Rs. 14,875. Sentiment improved further as a result of reduced domestic supplies in the physical markets and some export enquiries. Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year. India exports Jeera mainly to the US, UK, UAE, Japan, Brazil, Bangladesh, Singapore and many other countries. Other Major exporters are Syria and Turkey.

Barley prices closed higher by 0.8 per cent on Friday 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. 1,192 per quintal, up by 0.8 per cent, after opening at Rs. 1,185 against the previous closing price of Rs. 1,182.5. It touched the intra-day high of Rs. 1,195. The consumption demand for Barley in India mainly comes for malt, poultry and animal feed. Barley malt is majorly used for the production of alcoholic beverages in the country.

Maize prices closed higher by 0.08 per cent on Friday 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 March 2015 contract closed at Rs. 1,299 per quintal, up by 0.08 per cent, after opening at Rs. 1,299 against the previous closing price of Rs. 1,298. It touched the intra-day high of Rs. 1,299. USA, China and Brazil are the top three maize producing countries in the world while the prominent exporters of maize are USA, Argentina and Brazil. Chief importers are Japan, EU, Malaysia, Taiwan, Indonesia etc.

Crude oil futures sank in the domestic market on Friday as investors and speculators exited positions in the energy commodity after the International Energy Agency (IEA) upped its US oil production forecasts, warning that tanks are at risks of becoming full, while Saudi Arabia, the world’s biggest oil exporter, said that it was “too early to say”, if the OPEC may revise its policy when it meets on June 5, 2015. The IEA boosted its US oil production estimates by about 750,000 barrels per day to 12.56 million barrels per day in 2015. Investors cast aside data which showed that US rig count fell to the lowest level since March 2011 to 866 in the week ended March 13, down 56 from the previous week.

A drop in US consumer sentiment this month signaled a slowdown in the world’s biggest economy, clouding the demand outlook for the fuel. The gauge measuring US consumer sentiment fell to a four-month low of 91.2 in March from 95.4 in February. Crude oil may extend a decline today amid fears that surging US output may widen a global supply glut. At the MCX, Crude oil futures, for the March 2015 contract, closed at Rs 2,866 per barrel, down by 3.89 per cent, after opening at Rs 2,964, against the previous close price of Rs 2,982. It touched an intraday low of Rs 2,846 till the closing.

Gold futures closed higher in the domestic market on Friday as the sharp depreciation of the Indian rupee against the US dollar exerted upward pressure on prices of the bullion in the domestic market; more than offsetting the flat closing in the overseas market. The yellow metal closed little changed in the overseas market on Friday as investors and speculators shied away from booking fresh positions in the bullion as a stronger dollar curbed the demand for gold as an alternative asset. Stronger greenback makes gold more expensive for those holding other currencies, thus dimming demand.

Caution ahead of the US Federal Reserve’s policy meet this week where the Fed may drop the word “patient” over monetary tightening, and probably signal a rate hike towards the middle of the year also curbed the demand for the bullion as a store of value. Meanwhile, US wholesale prices fell for a fourth straight month, down 0.5 per cent in February, dimming the bullion’s appeal as a hedge against inflation. Gold may fall today as investors stick to a cautious stance ahead of the FOMC meet this week. At the MCX, Gold futures for April 2015 contract closed at Rs 25,890 per 10 gram, up by 0.92 per cent after opening at Rs 25,720, against the previous closing price of Rs 25,655. It touched the intra-day high of Rs 25,918 till the closing.

Natural Gas futures rebounded from Thursday’s sharp losses, on Friday, in the domestic market, amid bargain buying by investors and speculators, at existing levels. However, gas prices are likely to come under pressure in the next few sessions as mild weather limits demand for the heating fuel in the world’s biggest fuel consumer, the US. The Commodity Weather Group expects above-normal temperatures across the contiguous states through March 17, 2015. At the MCX, Natural Gas futures for March 2015 contract closed at Rs 173.50 per 1 kg, up by 0.87 per cent after opening at Rs 172.50, against the previous closing price of Rs 172. It touched the intra-day high of Rs 174.50 till the closing.

Zinc futures ended 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, China, the world’s biggest metals consumer, indicated that it may undertake more measures to boost economic growth and lift consumption from consumers and businesses, bolstering the demand outlook for industrial metals. The country’s Premier Li Keqiang said that there are “more tools in our toolbox” to address flagging growth and lift employment.

At the MCX, Zinc futures for March 2015 contract closed at Rs 126.95 per 1 kg, up by 1.03 per cent after opening at Rs 125.90, against the previous closing price of Rs 125.65. It touched the intra-day high of Rs 127.25 till the closing.