Commodity Updates

Cotton on MCX settled down by -2.13% at 20170 on expectation of higher arrivals and sluggish demand at higher prices. Arrivals increased to 208,000 bales per day, highest daily arrivals in last one month. The physical market arrivals are estimated to be adequate in near-term despite of slight delay in arrivals.   Trading Ideas:   * Cotton trading range for the day is 19950-20530.    * Cotton prices ended with losses on expectation of higher arrivals and sluggish demand at higher prices.    * Arrivals increased to 208,000 bales per day, highest daily arrivals in last one month.    * The physical market arrivals are estimated to be adequate in near-term despite of slight delay in arrivals.   * Cotton prices in spot market dropped by 390.00 rupees and settled at 19500.00 rupees.   Get More Trading Tips So Click Here >> Commodity Tips And Give A Missed Call On @...

Indian rupee opened lower by 5 paise at 63.60 per dollar on Monday versus 63.55 Thursday.   The rupee will remain under pressure on the back of a strong dollar. We expect the spot USD-INR pair to trade in a range of 63.50-63.80 for the day.   Friday gave the dollar bears a big boost with a big endorsement of a weaker dollar.   Get Commodity Tips >> Missed Call >> 7089009189 And Like This Page >> Investment Visor .

ADRs ended higher on Friday. In the IT space, Infosys was up 0.27 percent at USD 18.50 and Wipro rose 1.44 percent at USD 5.64.   In the banking space, ICICI Bank gained 0.99 percent at USD 11.22 and HDFC Bank added 2.53 percent at USD 109.   In the other sectors, Tata Motors gained 1.06 percent at USD 31.37 and Dr Reddy's Laboratories added 1.99 percent at USD 38.36.  Get Commodity Tips >> Missed Call >> 7089009189 And Like This Page >> Investment Visor .

Crude oil prices rallied to fresh 4-year highs on Friday, as the dollar reversed a short-lived rally ignited by President Donald Trump's encouragement of a stronger U.S. currency. The oil prices sustained its rally even as U.S. drillers continued to add rigs. The oil rig count was up 12 to 759 in the week to January 26, with the biggest weekly rise seen in the Permian field since 2013. Meanwhile, the U.S. expanded at a 2.6% annual pace in fourth quarter.  Consumer spending was up sharply, a sign that the economy is doing well. There was also a substantial increase in new orders for U.S. manufactured durable goods in the month of December. The Commerce Department said durable goods orders spiked by 2.9 percent in December after rising 1.7 percent in November.   Benchmark crude oil futures for February delivery gained by $0.63 or 1% at $ 66.14 a barrel on the New York Mercantile Exchange. Brent crude for March delivery was up by 10 cents or 0.1% to $7...

ADRs ended higher on Friday. In the IT space, Infosys was up 0.27 percent at USD 18.50 and Wipro rose 1.44 percent at USD 5.64.   In the banking space, ICICI Bank gained 0.99 percent at USD 11.22 and HDFC Bank added 2.53 percent at USD 109.   In the other sectors, Tata Motors gained 1.06 percent at USD 31.37 and Dr Reddy's Laboratories added 1.99 percent at USD 38.36.    Get Daily Commodity Tips and Recommendation So Missed Call This Number @ 7089009189 And Like This Page >> Investment Visor .

Rmseed trading range for the day is 4035-4119.    Mustard seed dropped as pressure seen as new season mustard has commenced in Rajasthan while in Madhya Pradesh it will start from the first week of February.    India 2017-18 mustard seed output expected to fall by 10% on lower acreage and moisture stress.    NCDEX accredited warehouses mustard seed stocks dropped by 68 tonnes to 9133 tonnes.    In Alwar spot market in Rajasthan the prices remains unchanged by 0 Rupees to end at 3973.5 Rupees per 100 kg.   Get Commodity Tips So Give a Missed Call @ 7089009189 And Like This Page >> Investment Visor .