Commodity Updates

Turmeric on NCDEX settled down by -1.36% at 7256 tracking weak demand in physical markets despite of an expectation of improvement in up country demand for new season crop. However downside seen limited following weak arrivals amid reports of lower output and due to poor crop prospects as sowing was down due to prevailing lower prices at the time of sowing.   Trading Ideas:    * Turmeric trading range for the day is 7086-7502.   * Turmeric prices ended with losses tracking weak demand in physical markets despite of an expectation of improvement in up country demand for new season crop.   * Prices also seen supported following weak arrivals amid reports of lower output.   * Arrivals of new crop turmeric are limited at present in Nizamabad market.   * In Nizamabad, a major spot market in AP, the price ended at 7457.15 Rupees dropped -92.85 Rupees.   Get More Trading Tips So Click Here...

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 .

Soyabean trading range for the day is 3489-3595.    Soyabean prices gained amid supply concerns in global market and demand hope.    Lower production this year along with supply concerns in global market tempted farmers and stockist to hoard their producer in order to get higher returns.    NCDEX accredited warehouses soyabean stocks dropped by 511 tonnes to 213704 tonnes.    At the Indore spot market in top producer MP, soybean gained 1 Rupees to 3615 Rupees per 100 kgs.   Get Commodity Tips So Give a Missed Call @ 7089009189 And Like This Page >> Investment Visor .

ADRs ended mostly lower on Wednesday. In the banking space, ICICI Bank fell 0.90 percent at USD 10.99 and HDFC Bank shed 1 percent at USD 106.38.   In the IT space, Infosys was up 0.05 percent at USD 18.46 and Wipro gained 1.66 percent at USD 5.51.   In the other sectors, Tata Motors slipped 2.41 percent at USD 31.56 and Dr Reddy's Laboratories was down 0.25 percent at USD 39.44.    Get Commodity Tips So Give a Missed Call @ 7089009189 And Like This Page >> Investment Visor .

The Indian rupee gained in the early trade on Thursday. It has opened higher by 17 paise at 63.52 per dollar versus previous close 63.69.   The US dollar continues to weaken further with dollar index at 3-year lows. The key trigger for weakness is a statement from the US Treasury secretary that a weaker dollar helps US exports.   Get Commodity Tips So Give a Missed Call @ 7089009189 And Like This Page >> Investment Visor .

Silver on MCX settled down -0.63% at 38733 as pressure seen amid an end to uncertainty created by a three-day U.S. government shutdown capped gains. Data showed euro zone consumer confidence jumped much more than expected in January, underlining the strong momentum in its economy.    Bullion traded in a tight range after the U.S. Senate voted to pass a temporary spending plan through Feb. 8 to end the government shutdown. The dollar extended recent weakness against a basket of major currencies to hit a fresh three-year low, after the euro surged on consumer confidence data indicating strong momentum in the region's economy.   Trading Ideas:    * Silver trading range for the day is 38056-39424.    * Silver dropped as pressure seen amid an end to uncertainty created by a three-day U.S. government shutdown capped gains.   * Data showed euro zone consumer confidence jumped much more than expected in Janu...

Gold on MCX settled up 0.26% at 29911 as the U.S. dollar fell to fresh three-year lows, but an end to uncertainty created by a three-day U.S. government shutdown capped gains. The dollar extended recent weakness against a basket of major currencies to hit a fresh three-year low, after the euro surged on consumer confidence data indicating strong momentum in the region's economy.   Trading Ideas:    * Gold trading range for the day is 29724-30026.   * Gold gained as the U.S. dollar fell to fresh three-year lows, but an end to uncertainty created by a three-day U.S. government shutdown capped gains.   * The U.S. economy is likely to grow in 2018 at its fastest pace in three years, fuelled by the biggest tax overhaul since the 1980s.   * Gold demand in China firmed as retailers stocked up ahead of the Chinese New Year while price discounts widened in India.   Get Daily Profit Using Our Commodity Tips ...

Crude palm Oil on MCX settled up by 0.96% at 559.1 on profit booking after prices gained on the back of bullish sentiment at an industry conference. Palm oil output is expected to see seasonal declines in the first quarter of the year before picking up and heading towards peak production in the third quarter.   Indonesia's crude palm oil (CPO) exports in December likely edged lower because of lower demand after an import tax hike started on edible oils in India, Indonesia's biggest CPO importer, while output fell for a second month. Exports of CPO from Indonesia, the world's biggest palm oil producer, fell slightly to 2.51 million tonnes in December from 2.52 million in November.   Trading Ideas:    * CPO trading range for the day is 546.2-567.2.    * Crude palm oil ended with losses on profit booking after prices gained on the back of bullish sentiment at an industry conference.    * Palm oil output is ex...

Cotton on MCX settled down by -0.96% at 20610 on higher output of the fibre. The rating agency expects cotton prices to drop to Rs 105-110 per kg in the cotton year (Oct-Sep) compared to around Rs 117 per kg a year ago. India's cotton acreage is estimated to have increased by 19% in the current year to 12.3 million hectares compared to 10.3 million hectares a year ago.   The planted area under cotton is also 7% higher than the 5-year average of 11.5 million hectares. However, total yield is estimated to drop by around 7% to 520kg/hectare on erratic monsoon rains and anticipated pest-related woes. Lower cotton prices may be a boon in disguise for spinners as it will help protect their margin.   Trading Ideas:    * Cotton trading range for the day is 20377-20997.    * Cotton prices remained under pressure on higher output of the fibre.    * India's cotton acreage is estimated to have increased by 19% in the...

The Indian rupee opened lower at 63.90 per dollar on Tuesday versus previous close 63.87.   Any rally around or move above 64 is meeting with customer selling. For today, expect a range of 63.70-63.90 to hold.   The yields of the Indian benchmark is trying to find a base just above 7.40 percent. Expect today's range between 7.44-7.48 percent.   Get Daily Trading Tips Click Here >> Commodity Tips Or Missed call This Number @ 7089009189 And Like This Page >> Investment Visor .