Today Rising demand lifts zinc futures by 0.36%

 

Zinc futures were trading higher during the morning trade in the domestic market on Friday as investors and speculators widened their bets in the industrial metal amid uptick in physical demand from consuming industries at the domestic spot markets.

Further, participants indulged in building up their positions in the industrial metal led by rise in physical demand from consuming industries, supported prices of zinc at futures trade.

At the MCX, zinc futures for November 2016 contract is trading at Rs 168.75 per kg, up by 0.36 per cent, after opening at Rs 168.35, against a previous close of Rs 168.15. It touched the intra-day high of Rs 169.20.

 

 

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Today Zinc futures little changed on muted demand

 

Zinc futures were little changed during the morning trade in the domestic market on Tuesday as investors and speculators remained on the sidelines in the industrial metal amid muted physical demand from consuming industries at the domestic spot markets.

Further, participants indulged in trimming their positions in the industrial metal due to slide in physical demand from consuming industries, influenced prices of zinc at futures trade.

At the MCX, zinc futures for November 2016 contract is trading at Rs 164.65 per kg, down by 0.09 per cent, after opening at Rs 164.65, against a previous close of Rs 164.80. It touched the intra-day low of Rs 164.25.

 

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Today Zinc futures gain on upsurge in demand in Market

 

Zinc futures were trading higher during the morning trade in the domestic market on Friday as investors and speculators build up fresh positions in the industrial metal amid subdued physical demand from consuming industries at the domestic spot markets.

Further, participants indulged in widening their positions in the industrial metal led by rise in demand from consuming industries, supported prices of zinc at futures trade.

At the MCX, zinc futures for October 2016 contract is trading at Rs 158.05 per kg, up by 0.32 per cent, after opening at Rs 158, against a previous close of Rs 157.55. It touched the intra-day high of Rs 158.30 e

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Uptick in demand lifts zinc futures by 0.13%

Zinc futures were trading higher during the morning trade in the domestic market on Tuesday as investors and speculators widened their positions in the industrial metal amid a surge in demand from consuming industries at the domestic spot markets.

Further, participants build up fresh positions in the industrial metal due to a rise in demand from consuming industries, supported prices of zinc at futures trade. 

At the MCX, zinc futures for October 2016 contract is trading at Rs 160.20 per kg, up by 0.13 per cent, after opening at Rs 159.85, against a previous close of Rs 160. It touched the intra-day high of Rs 160.20.

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Zinc futures Drags by 0.46% Sluggish demand in the Market

 

Zinc futures were trading lower during the morning trade in the domestic market on Tuesday as participants trimmed their positions led by a decline in the spot demand from consuming industries at the domestic spot markets.

Further, a fall in demand for zinc at the domestic spot market was led by cutting down of bets by traders in the spot markets, influenced zinc prices at futures trade.

At that MCX, zinc futures for August 2016 contract is trading at Rs 151.85 per kg, down by 0.46 per cent, after opening at Rs 152.20, against a previous close of Rs 152.55. It touched the intra-day low of Rs 151.85 

 

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Today Zinc futures fall on subdued Demand At the market

 

Zinc futures were trading lower during the morning trade in the domestic market on Thursday as speculators trimmed their bets in the industrial metal amid subdued demand in the spot market. Further, reduction in demand from the consuming industries in the domestic spot markets, influenced the downtrend.

At the MCX, zinc futures for July 2016 contract is trading at Rs 145.65 per kg, down by 0.10 per cent, after opening at Rs 145.80, against a previous c lose of Rs 145.80. It touched the intra-day low of Rs 145.45 

 

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Top Headlines For Todays Stocks Market .

                                                                   Stock Market Headlines

• Macro data, quarterly results key to stock market this week .
• Asian shares trade mixed, Nikkei gains 1%, Kospi, ASX near-flat .
• Sebi expands probe into financial dealings of Mallya firms.
• Weak jobs data may have pushed US Fed hike to September.
• Will make list of wilful defaulters public: RBI Governor.
• ITC up over 2% on progressive resumption of cigarette factories .
• GDP growth slowing; official data counter-intuitive: Ambit .
• Stocks in news: Siemens, ITC, Arvind, SBI, Power Grid, ONGC.
• Have fully complied with AQR norms but NPA pain not over .
• Thyrocare to make stock market debut today.
• MGL IPO in pipeline this month; to raise Rs 1,200 cr .
• E-commerce sector to see $120bn revenue by 2020: Study.
• Home prices hit roof but affordability also at its best: HDFC .
• Maruti plans to widen auto gear shift portfolio .
• Lakshmi Vilas Bank draws up plan to revitalise business .
• Honda to recall 20 million more Takata airbags:
• Samsung to launch two new mid-range phones today in India .
• Financial plan with difference for a special child. 
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Sebi To Tweak Settlement Norms To Exclude Only Serious cases

Markets regulator Sebi is considering changes to its settlement norms by bringing in a new provision that would enable settling all 'insignificant' cases without any "market-wide impact" on payment of certain charges.

 

The cases pertaining to serious securities market violations, which may have severe impact on the markets, would be left out of the consent framework, Sebi Chairman U K Sinha said today.

In the consent settlement process, the entity facing a probe by Sebi is subjected to certain fees and restrictions without admission or denial of alleged irregularities, and the regulator thereafter drops its charges and the investigations with a caveat that all disclosures made to it are correct. The case can still be re-opened if some new facts come up later.

In the past, Sebi has refused consent settlement in some big cases including one Reliance IndustriesBSE -0.30 % and its erstwhile subsidiary Reliance Petroleum for alleged insider trading.

After Sebi refused to allow consent settlement, the Mukesh Ambani-led company had challenged the decision at the SAT, but its plea was rejected there also. Sebi is yet to pass its order in this case and believe that the changes in settlement norms may pave the way for RIL to make a fresh attempt at settlement process. 

 

Read More -  SEBI Certified Company

Top Headlines For Todays Stock Market.

                                                             Stock Market News

• Asia mixed: ASX down 0.2%, Nikkei down 0.5%, Kospi up 0.1% 
•  
• Wall Street ends slightly lower on energy, earnings
• 
  
• Not betting on mkts falling, but Japan, US cues important:Ambit
• 
  
• Maruti Q4 profit seen down 3.4%, discounts & yen may hit margin
• 
  
• Axis Bank Q4 net may slip 7%, provision may hit; NII seen up 13%
• 
  
• Why is Dabur best-positioned staples portfolio in India?
• 
  
• Mkt may touch 8500 next month; wait for dips to buy:Gujral
• 
  
• Focus is on improving rural reach; see normal monsoon: M&M Fin
• 
  
• Bull's Eye: Buy M&M, Jet Airways, RCF, RComm; sell DLF
• 
  
• Stocks in news: Hero, Sun Pharma, EIL, Delta Corp, Excel Corp
• 
  
• Rajya Sabha ethics committee may terminate Mallya's membership
• 
  
• UltraTech Q4 beats estimates, profit rises 11% on strong EBITDA
• 
  
• Expect 10-15% growth in metal prices by FY17: StanChart Bank
• 
  
• Credit Suisse sees 20% downside on TVS Motor, stock falls
• 
  
• iBM deal to put 200bps pressure on margins in FY17
• 
  
• OMCs claim Rs 1.1 lakh crore subsidy on domestic LPG 
•  
• Read More - Stock Tips

!3 April Stock Market Top Headlines:-

                                                          Stock Market Headlines

• Crude rally is a hope rally, may not sustain itself:
• Paytm, MobiKwik, Oxigen watch out! UPI set to eat up your lunch
• India's exports may settle at $50-260 bn in 2015-16
• Panama raids offices of Mossack Fonseca law firm
• Foreign, PE players eye Lafarge's India assets: Sources
• Better monsoon to help co achieve 10-15% growth: PI Industries
• Japanese consortiums bid for GAIL's $7 bn tender
• Wipro to consider buyback of equity shares on April 20
• Stocks in news: L&T, Wipro, Shilpa Medicare, Madhucon, Cairn
• SC asks IBA, FinMin to respond to loan default case
• Monsoon to be above avg; 94% chance of normal-excess rains: IMD
• L&T Finance to raise Rs 750 cr via NCDs
• Customs dept imposes Rs 33 cr fine on Tata Sponge Iron
• Fed's Williams says two or three US rate hikes 'reasonable'
• Govt asks BHEL to take initiatives for power sector
• India to appeal against WTO panel ruling in solar case 
• Read More - Stock Tips

Zinc Slides On Soft Euro Area Data

Zinc futures tumbled in the domestic market on Tuesday as investors and speculators exited positions in the industrial metal amid weak physical demand for zinc in the domestic spot market. Further, a slowdown in the services sector in the Euro area in March signaled a cooling recovery in the 19-member economy, which may curb demand for the industrial metal. The gauge measuring services activity in the region fell to 53.1 in March from 53.3 in February, with a reading above 50 signaling expansion. At the MCX, Zinc futures for April 2016 contract closed at Rs 120.40 per kg, down by 1.67 per cent after opening at Rs 122.1, against the previous closing price of Rs 122.45. It touched the intra-day low of Rs 119.85.

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Top Headlines Of Stock Market On 2nd Of April

                                  Stock Market News

FY17 earnings growth at 15-17%; bet on banking sector: IL&FS
Cautious due to changing stance of global central banks: Ambit
Fitch downgrades Tata Steel group, puts it on rating watch
Sharepro fraud: Sebi tells cos to do audit before naming new RTA
Vijay Mallya not to appear before ED, seeks extension till May
Reading the Riot Act: How Indian pharma companies got hammered
HCL Tech to acquire complete ownership of Geometric
Govt meets FY16 fiscal deficit target of 3.9%, may improve a bit
EPFO puts on hold new PF withdrawal norms till Apr 30
Nonfarm payrolls add 215K jobs in March, vs expected 205K
RBI policy: 95% of CNBC-TV18 polled respondents expect rate cut
Infographic: How markets fared across the globe in FY16
HCL Tech likely to buy 37% in Geometric: Sources
Exclusive : At risk of loans turning NPAs, JP Infra offers land to banks
ITR asset disclosure norm to affect 1.5 lakh ultra rich: Adhia
Tesla launches revolutionary Model 3, eager fans line up
Happy new financial year! Time to take stock of money matters
Relaxed Safe Harbour Rule to boost India-focused offshore fund
Expand your business knowledge, expand your business size
As your investment knowledge rises, so will your returns

Zinc Updates - High Demand lifts Zinc futures

Zinc futures rose by 0.69 per cent to Rs 115.70 per kg in futures trade today as speculators raised positions in the midst of a strong trend overseas. Besides, high demand in domestic spot markets fuelled the uptrend. Zinc futures for February 2016 contract, at MCX, were trading at Rs 116.70 per kg, up by 0.69 per cent after opening at Rs. 116.35 against the previous closing price of Rs. 115.90. It touched the intra-day high of Rs. 116.85 till the trading.
 

Prices also rose due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME zinc stocks fell by 950 metric tonnes to 458725 metric tonnes as on February 15, 2016.
 

Major refined zinc exporting countries are Canada, Australia and Rep. of Korea, while major refined zinc importing countries are China, USA and Germany.

Eros Media slumps 10% as Q3 net profit decline by 65%

 

Shares of Eros International Media slumped about 10 per cent in Wednesday's trade after the company reported a 65 per cent decline in Q3 profit. The company's net profit for the quarter ending December 30 stood at Rs 37.77 crore against Rs 109.34 crore reported for the same quarter of last financial year. 

 

Reacting to the earnings, the scrip fell 9.59 per cent to hit a low of Rs 180 on the BSE.

 

Net sales during the period under review fell 31.65 per cent to Rs 335.38 crore against Rs 395.34 crore in the corresponding period last financial year, the company said in a filing to BSE.

Zinc Bulls in control on firm physical demand

Zinc futures rose sharply in the domestic market during evening trade in the domestic market on Monday as investors and speculators booked fresh positions in the industrial metal amidst a pickup in physical demand for Zinc in the domestic spot market.

However, concerns that global output cuts may not be enough to offset weakening demand from China, the world’s biggest consumer of the metal, curbed gains in Zinc futures.

Moreover, demand for zinc from the world’s second biggest economy, China, is set to weaken this week due to the Lunar New Year holidays when markets, businesses and factories stay shut.

At the MCX, Zinc futures  for February 2016 contract is trading at Rs 114.65 per kg, up by 0.97 per cent after opening at Rs 113.35, against the previous closing price of Rs 113.55. It touched the intra-day high of Rs 115.75.

Budget 2016 : Tax Benefits for Gems & Jewellery Likely

The Government is considering a package of tax incentives for the labour-intensive gems and jewellery sectors in the forthcoming Budget to provide a boost to manufacturing as well as exports, reported PTI. For gems and jewellery, which is also the thrust sector under the 'Make in India' programme, the industry has asked to raise customs duty to 15 per cent from the current 10 per cent and abolish the excise duty from the current rate of 6 er cent on imitation jewellery. The suggestions assumes significance as the popularity of Indian imitation jewellery across the globe is increasing and there is a huge demand in countries including the US and Europe. "Extending the tax benefits to the sector will enable competitive manufacturing in the country and also boost exports," media reports added. Finance Minister Arun Jaitley will unveil the Budget on February 29.

Evening Updates - Zinc Gains 1.46 pct as Demand Picks Up

Zinc Updates - Zinc futures rose by 1.46 per cent to Rs 115.05 per kg today as speculators increased positions in the midst of a strong trend globally. Besides, high demand in domestic spot markets fueled the uptrend. Zinc futures for January 2016 contract, at MCX, were trading at Rs 115.05 per kg, up by 1.46 per cent after opening at Rs. 114.35 against the previous closing price of Rs. 113.40. It touched the intra-day high of Rs. 115.70 till the trading. (At 4.15 PM today). Prices also surged due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME zinc stocks fell by 1575 metric tonnes to 474450 metric tonnes as on February 3, 2016.
 

Major refined zinc exporting countries are Canada, Australia and Rep. of Korea, while major refined zinc importing countries are China, USA and Germany.

Zinc Updates - Weak buying activity drags down Zinc futures

Zinc Updates -  Zinc futures fell by 1.81 per cent to Rs 108.45 per kg in futures trade today as speculators reduced positions in the midst of a weak trend overseas. Besides, low demand in domestic spot markets fuelled the downtrend. Zinc futures for January 2016 contract, at MCX, were trading at Rs 108.45 per kg, down by 1.81 per cent after opening at Rs. 109.30 against the previous closing price of Rs. 110.45. It touched the intra-day low of Rs. 108.15 till the trading.

However, losses were curbed due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME zinc stocks fell by 2700 metric tonnes to 473325 metric tonnes as on February 1, 2016.
 

Major refined zinc exporting countries are Canada, Australia and Rep. of Korea, while major refined zinc importing countries are China, USA and Germany.

Zinc futures Surged in the Domestic Market

Zinc updates - Zinc futures surged in the domestic market during noon trade on Thursday as investors and speculators booked fresh positions in the industrial metal amidst a pickup in physical demand for zinc in the domestic spot market.

Further, fresh monetary policy measures in Japan aimed at bolstering growth in the world’s third biggest economy lifted the demand outlook for the metal as the Bank of Japan adopted negative interest rates to spur lending while maintaining its record asset purchase program which includes its 80 trillion yen annual government bond purchases. The apex bank introduced a rate of minus 0.1 per cent on certain excess holdings of cash.

At the MCX, Zinc futures for January 2016 contract is trading at Rs 107.85 per kg, up by 0.33 per cent after opening at Rs 107.6, against the previous closing price of Rs 107.5. It touched the intra-day high of Rs 107.9.

Zinc futures Retreated in the Domestic Market

Zinc Updates - Zinc futures retreated in the domestic market on Monday as investors and speculators exited positions in the industrial metal amidst tepid physical demand for zinc in the domestic spot market.

Further, traders weighed mixed US economic data which cast uncertainty over the base metal’s near-term demand outlook. A gauge of US leading indicators declined for the first time in three months in December 2015, down by 0.2 per cent from the prior month, raising fears over a slowdown in the world’s biggest economy.
 

However, US existing home sales climbed by a record 14.7 per cent to a 5.46 million annual pace in December while the gauge measuring manufacturing climbed to 52.7 this month from 51.2 in December.
 

At the MCX, Zinc futures for January 2016 contract is trading at Rs 101.5 per kg, down by 0.49 per cent after opening at Rs 101.6, against the previous closing price of Rs 102. It touched the intra-day low of Rs 101.4.