Today Cardamom futures zoom 1.29% on pickup in demand

 

Cardamom futures were trading higher during the morning trade in the domestic market on Thursday as investors and speculators build up fresh positions in the agri-commodity amid pick up in physical demand for cardamom in the domestic spot market. Further, insufficient supplies amid restricted physical arrivals from the major cardamom producing regions, too supported the uptrend in domestic cardamom prices.

At the MCX, cardamom futures for September 2016 contract is trading at Rs 1,153.50 per kg, up by 1.29 per cent, after opening at Rs 1,138, against a previous close of Rs 1,138.80. It touched the intra-day high of Rs 1,155. 

 

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Today Gold up As market Await fed outcome In Market

Gold futures closed higher in the domestic market on Tuesday as investors awaited hints from the U.S. Federal Reserve on the timing of the next interest-rate increase.

The Fed will conclude a two-day policy meeting on Wednesday. Although, no monetary-policy moves are expected, its statement will be watched closely for clues to future action.

At the MCX, Gold futures for August 2016 contract closed at Rs 30910, per 10 gram, up by 0.01 per cent after opening at Rs 30,873, against the previous closing price of Rs 30,907. It touched the intra-day high of Rs 30,950.

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Market Buzz - Akzo Nobel India hits 9-mth High on upbeat Q4 .

 

** Akzo Nobel India rises as much as 6 pct to 1,440 rupees, its highest since Aug. 14, 2015

 

** The maker of paints, varnishes and enamels on Friday posted an 18 pct jump in March-qtr profit
 

** Recommends a special dividend of 50 rupees ($0.75) per share, in addition to normal dividend of 20 rupees/shr
 

** ICICI Securities says company's Q4 performance exceeded its expectations on all counts; upgrades stock to "buy" from "hold" and raises PT to 1,610 rupees from 1,417 rupees  

 

** Brokerage expects consolidated sales and earnings to grow at CAGRs of 13 pct and 14 pct, respectively, over FY16-FY18 ($1 = 66.8500 Indian rupees) 

 

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Agro Updates - Chana Ends lower on Higher Arrivals

Chana prices closed lower by 2.19 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. At the NCDEX, chana futures for May 2016 contract closed at Rs. 5,399 per quintal, down by 2.19 per cent, after opening at Rs. 5,487 against the previous closing price of Rs. 5,520. It touched the intra-day low of Rs. 5,355.
 

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.
 

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Agro updates - Chana Ends Higher On Restricted Stocks.

Chana prices closed higher 3.45 per cent on Thursday 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 2016 contract closed at Rs. 5,100 per quintal, up by 3.45 per cent, after opening at Rs. 4,972 against the previous closing price of Rs. 4,930. It touched the intra-day high of Rs. 5,127.

 

Moreover, the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices.

 

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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.

Agro Updates - Chana Ends Lower As Demand Weakens

Agro Updates - Chana prices closed lower by 0.51 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 the NCDEX, chana futures for April 2016 contract closed at Rs. 4,253 per quintal, down by 0.51 per cent, after opening at Rs. 4,275 against the previous closing price of Rs. 4,275. It touched the intra-day low of Rs. 4,220.
 

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.