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Showing posts from September, 2016

Nifty ends above 8600

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The Nifty saw biggest fall in four weeks.  The 50-share index was up 19.90 points or 0.2 percent at 8611.15. The Sensex was up 38.43 points or 0.1 percent at 27865.96.  GAIL, ONGC, M&M, Tata Steel and SBI were top gainers while Cipla, ITC, HUL, Coal India, Dr Reddy's and HUL were losers in the Sensex. Get live News Updates visit us at http://ripplesadvisory.com/free-trial.php or One Missed Call on @98-27-80-80-90.

Ref.Soyaoil market update

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Ref.Soyaoil on NCDEX settled up by 0.38% at 655.85 on short covering after prices dropped on fear of lower demand. India 2016-17 edible production may rise 20% on favourable weather condition this year. Domestic edible oil production 2016-2017 is seen at 6.97 million tons compared to 5.82 million tons last year. Edible oil consumption to rise by 6% to 22.15 million tons in the year while imports are expected to increase by nearly 7% to 15.48 million tons compared to 14.58 million tons in the year ago period. Kharif and Rabi production of these oilseeds at 23.43 million ton compared to 5.72 million ton a year ago. U.S. soy processors crushed 2.6 percent fewer beans in August than a year ago and the pace fell below market expectations due to declines at plants in the Southwest, the National Oilseed Processors Association (NOPA) said. Get live News Updates visit us at  http://ripplesadvisory.com/free-trial.php  or One Missed Call on @98-27-80-80-90. Trading I...

Natural Gas Market Update

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Naturalgas on MCX settled up 0.45% at 199.20 prices fell from the day's high of 202.80 level as expectations that cooler weather is approaching outweighed a bullish inventory report. The US EIA reported that U.S. natural gas stocks increased by 49 billion cubic feet for the week ending September 23. While market were expecting a storage addition of around 55 billion cubic feet. The five-year average for the week is an injection of around 97 billion cubic feet, and last year’s storage addition for the week totaled 96 billion cubic feet.  Natural gas inventories rose by 52 billion cubic feet in the week ending September 16. Natural gas prices have risen by nearly 90% since March, when prices fell to near 109 level. Now that the summer cooling season is mostly behind us, demand will drop until the winter heating season kicks in around the first of November. Storage additions are well below year. Get live News Updates visit us at http://ripplesadvisory.com/free-trial.php ...

Jeera Update Update

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Jeera on NCDEX settled down by -1.03% at 17285 amid expectation of better crop next year. However downside seen limited amid poor supplies due to fag-end of the season and hopes of good export demand. Reports of lower output in other producing countries, Turkey and Syria will help the Indian exporters to clinch more export deals.  Expectations of good demand for the coming festive season may also support the upward price trend. In 2016- 17, the output of jeera is seen falling in other major producers Syria and Turkey to 10,000 ton and 12,000 ton respectively from 15,000 ton and 17,000 ton in 2015-16. As per market source, India is likely to export 40,000-45,000 ton more jeera in coming months. As per fourth advance estimate of Gujarat State for 2015-16, jeera production is pegged at 238,000 ton as against 197,000 ton a year ago. However, it is much lower than 2013-14 output when the state produced 346,000 ton jeera. Get live News Updates visit us at http://ripplesadv...

Ncdex Turmeric Market Update

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Turmeric on NCDEX settled up by 2.03% at 7240 due to rising demand at the spot market. Further, forecast of heavy rains in Telengana and Maharashtra which damages standing turmeric crop too fuelled the uptrend. Turmeric stocks are low this year because of weak output and arrivals have been falling in all the major producing centres.  According to the recent report from Andhra Pradesh Agriculture Department, area under turmeric in the state stood higher at 13,992 hectares against 13,031 hectares same period a year ago. In Telangana the area under turmeric was up at 45,633 hectares as compared to 40,630 hectares a year ago period. Get live News Updates visit us at  http://ripplesadvisory.com/free-trial.php  or One Missed Call on @98-27-80-80-90. Trading Ideas: Turmeric trading range for the day is 7024-7372.  Turmeric prices ended with gains due to rising demand at the spot market.  Turmeric stocks are low this year because of weak outpu...

Gold up as Stocks fall on Deutsche Bank worries; Dollar caps Gains

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Get live News Updates visit us at http://ripplesadvisory.com/free-trial.php or One Missed Call on @98-27-80-80-90 Gold inched up on Friday as equities fell on the back of worries about the health of Deutsche Bank, spurring some safe-haven demand for the yellow metal, but a firmer dollar capped gains and the metal was on track to end the week down over 1 percent. Spot gold had risen 0.2 percent to $1,322.80 an ounce by 0439 GMT. It has risen 1 percent in September. U.S. gold futures were mostly flat at $1,326.40 an ounce.  Deutsche Bank shares slumped to a record low after a report that trading clients had withdrawn excess cash and positions held in the largest German lender. "Probably the news on Deutsche Bank is spurring some buying," said Ronald Leung, chief dealer, Lee Cheong Gold Dealers in Hong Kong. "Gold might trade in the range of $1,310-$1,340 until China comes back from holidays," he added. China's markets will be closed starting on Oct. 1 ...

ICICI Prudential Life Shares lists below its Issue Price

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Shares of ICICI Prudential Life Insurance Company Ltd on Thursday changed hands at a lower price in the markets on its debut as against its issue price of Rs 334.  The stock closed at Rs 297.55 in the NSE after opening at Rs 330. The company raised Rs 6,057 crore, coming out with a premium initial public offer (IPO) recently which was oversubscribed by just over 10 per cent.  During the intra-day trade, the stock touched a high of Rs 333.90 just short of its issue price and a low of Rs 295.15 and closed at Rs 297.55. Get live News Updates visit us at http://ripplesadvisory.com/free-trial.php or One Missed Call on @98-27-80-80-90

Mallya Bets on Judiciary for relief from Criminal Cases

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A defiant liquor baron Vijaya Mallya on Thursday asserted that he would get judicial relief soon from criminal charges filed against him by a consortium of banks for defaulting on loans his defunct airline raised. "I have a great faith in the Indian judicial system and I am sure judicial relief will come our way sooner than later," Mallya said in a transcript read out in absentia at the 100th annual general meeting (AGM) here of the United Breweries (Holdings) Ltd as he is in London since March 2 when he left India.  Terming the grounding of Kingfisher Airlines as a business failure, Mallya said actions by various government departments against his were unprecedented in the Indian corporate history. "What started as a genuine business failure of Kingfisher Airlines has turned out to be a nightmare despite the fact that the business had failed due to high fuel prices, adverse govern policies, high taxation and the failure of IAE V2500 engines," claimed Mallya ...

कच्चे तेल में मुनाफा वसूली, सोना चमका

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दो दिनों की तेजी के बाद अब कच्चे तेल में मुनाफावसूली हावी हो गई है। ब्रेंट क्रूड हल्की गिरावट के साथ 49 डॉलर पर कारोबार कर रहा है। वहीं नायमैक्स पर भाव 47 डॉलर पर है। वहीं बाजार की गिरावट के बाद सोने की चमक बढ़ गई है। कॉमैक्स पर सोने का भाव करीब 1327 डॉलर के आस-पास है।    सोना एमसीएक्स: बेचें - 31150, स्टॉपलॉस - 31225 लक्ष्य - 31000.    नैचुरल गैस एमसीएक्स: बेचें - 199, स्टॉपलॉस - 200 लक्ष्य - 197.   Get live News Updates visit us at http://ripplesadvisory.com/free-trial.php or One Missed Call on @98-27-80-80-90

Gold Demand May Fall to 750 Tonne In 2016 On High Price WGC

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India's gold demand is likely to fall to around 750-800 tonnes in 2016, as against 860 tonnes last year, mainly due to sharp rise in prices and jewellers' strike following new regulations, World Gold Council has said. "In the first half of this year, gold demand fell to 248 tonnes.    We think that demand will be better in the second half on the back of good monsoon," WGC India MD Somasundaram PR told PTI on the sidelines of an Assocham event. He pegged the gold demand at 750-800 tonnes for the 2016 calendar year.    In August, WGC had reported that the country's gold demand fell by 30 per cent to 247.4 tonnes during the first six months of 2016 from 351.5 tonnes in the year-ago period. Asked about the reasons for fall in demand, Somasundaram said: "Prices have risen sharply this year. Jewellers strike because of imposition of excise duty and pan card complexities are some other factors for the likely decline in demand".  ...

Shares in Asia mixed as China heads for long holiday next week

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Asian shares were mixed on Friday with investors keeping tabs on local data sets and noting an expected outcome for the Caixin China manufacturing PMI. The Nikkei 225 fell 1.55%, while the S&P/ASX 200 dropped 0.80% and the Shanghai Composite rose 0.08% ahead a major holiday period starting next week.    The Caixin manufacturing PMI for September came in at 50.1 as expected with holidays in China next week in focus going forward. "The readings for the manufacturing PMI over the past three months seem to indicate that the economy has begun to stabilise," Zhengsheng Zhong, director of macroeconomic analysis at Caixin said. Get live News Updates visit us at http://ripplesadvisory.com/free-trial.php or One Missed Call on @98-27-80-80-90    But Zhong cautioned that an increasingly strained fiscal budget could pose a risk to sustainable growth. "Given that the growth rate of fiscal income has slowed recently while expenditures have...

Nifty starts October series above 8600; Sensex

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The Nifty continued to hover around 8600 level. The Sensex was down 17.64 points at 27809.89 and the Nifty down 7.05 points at 8584.20.    The market breadth was marginally positive as about 877 shares advanced against 684 declining shares on the BSE. Get live News Updates visit us at http://ripplesadvisory.com/free-trial.php or One Missed Call on @98-27-80-80-90   

Rupee opens flat at 66.85 per dollar

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The Indian rupee remained unchanged in opening at 66.85 per dollar on Friday against previous close of 66.85.India's overnight raid on terror camps at the Line of Control jarred all markets in India. Feels the USD-INR pair is likely to trade in a range of 66.60- 66.90/dollar depending on further news. For more news about call and connect with us @98-27-80-80-90 Get live News Updates visit us at http://ripplesadvisory.com/free-trial.php or One Missed Call on @98-27-80-80-90

NCDEX MARKET UPDATE

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Soyabean on NCDEX settled up by 0.63% at 3203 due to supply worries in domestic market following report of lower acreages and on improved demand in export market. Soyabean prices were supported by lower acreages number and on higher demand export market. According to data published by Agriculture Ministry soybean sowing until Sep 23 stood at 11.47 million tons compared to 11.62 million tons in the same period a year ago. Prices of the bean were also supported by higher demand for United States soybean following robust export sales data. Trading Ideas: Soyabean trading range for the day is 3146-3246. Soyabean prices gained due to supply worries in domestic market following report of lower acreages and on improved demand in export market Soyabean prices were supported by lower acreages number and on higher demand export market. According to data soybean sowing stood at 11.47 million tons compared to 11.62 million tons in the same period a year ago. At the Indore ...

Menthaoil Trading Range for the day is 860.9-879.7.

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Mentha oil on MCX settled up by 0.79% at 871.6 amid a surge in physical demand for mentha oil in the domestic spot market. Besides, insufficient stocks position on restricted supplies from producing regions also added support to mentha oil prices uptrend.  China and Japan have reduced their buying quantity in the recent past due to the economic slowdown had impacted Mint product's exports which declined substantially from the export basket by 18% in terms of volume and 4% in terms of value year-on-year. Exports of mint products stood at 21,150 tonne in FY16 valued at RS. 2,577.59 crore against 25,750 tonne valued at RS. 2,689.25 crore in FY15. For more Latest For news on Indian Stock Market Tips,Mcx Commodity Market Tips please visit us at  http://ripplesadvisory.com/free-trial.php  or call at 09827808090. Initially, India’s mentha oil output was estimated to remain lower this year from 32,000 tonnes produced during last year. But, rainfalls later improve...

Live Mcx Market Update

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Gold Gold Gold on MCX settled down -0.07% at 30955 as trades were flat and Fed speeches offered little guidance on interest rates. Fed Chair Janet Yellen confined her remarks before Congress to issues related to bank regulation. Yellen didn’t say much about monetary policy during her testimony before the House Financial Services Committee, but several Fed officials were slated to make remarks this week, which could have implications for currency and stock market trading — and influence demand for precious metals. For more Latest For news on Indian Stock Market Tips,Mcx Commodity Market Tips please visit us at  http://ripplesadvisory.com/free-trial.php  or call at 09827808090. Silver Silver on MCX settled up 0.2% at 45583 traded in the range after prices fell more than 1.5 percent in the previous session, its biggest one-day loss in nearly three weeks, strength in the U.S. dollar and as investors assessed Federal Reserve Chair Janet Yellen's testimony...

`India inflicted Significant Casualties on Terrorists in LoC surgical strikes`

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India caused "significant casualties" on terrorists and those who support them during surgical strikes across the India-Pakistan border late on Wednesday, the Indian Army has said.  "India cannot allow terrorists to operate across the LoC (Line of Control) and strike with impunity," Director General Military Operations Lt. Gen. Ranbir Singh told a hurriedly called press briefing here, soon after a meeting of the Cabinet Committee on Security.  "I had spoken to the Pakistan DGMO and we expect the Pakistan Army to cooperate with us to eliminate the threat of terror," he said," adding: "The strikes were carried out based on specific and credible information," he said, adding. For more Latest For news on Indian Stock Market Tips,Mcx Commodity Market Tips please visit us at http://ripplesadvisory.com/free-trial.php or call at 09827808090.

Equity Markets rise on Positive Global cues

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Positive global indices on the back of higher crude oil prices lifted the Indian equity markets during the early morning trade session on Thursday. Both the key indices traded with gains of almost half a per cent each, as healthy buying was witnessed in stocks of automobile, banking, and oil and gas.  The wider 51-scrip Nifty of the National Stock Exchange (NSE) gained 42.95 points or 0.49 per cent, to 8,788.10 points. The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,423.14 points, traded at 28,436.33 points (at 9.30 a.m.) -- up 143.52 points or 0.51 per cent from the previous close at 28,292.81 points. The Sensex has so far touched a high of 28,475.57 points and a low of 28,418.32 points during the intra-day trade. For more Latest For news on Indian Stock Market Tips,Mcx Commodity Market Tips please visit us at http://ripplesadvisory.com/free-trial.php or call at 09827808090.

L&T Construction Secures orders worth Rs 2,046 cr

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Country’s leading multinational conglomerate Larsen & Toubro Ltd on Thursday said its construction arm has bagged orders worth Rs 2,046 crore across heavy civil infrastructure, building & factories, transportation infrastructure and power transmission & distribution business segments.  “The construction arm of L&T has won orders worth Rs 2,046 crores across various business segments,” Larsen & Toubro Ltd said in a filing to the Bombay Stock Exchange on September 29, 2016.  The power transmission & distribution business of the company has bagged engineering, procurement and construction orders worth Rs 826 crore. Further, the company’s heavy civil infrastructure business has earned an order worth Rs 675 crore in the metro sector. For more Latest For news on Indian Stock Market Tips,Mcx Commodity Market Tips please visit us at http://ripplesadvisory.com/free-trial.php or call at 09827808090.

Gold up on Weaker Dollar after OPEC deal

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For more Latest For news on Indian Stock Market Tips,Mcx Commodity Market Tips please visit us at http://ripplesadvisory.com/free-trial.php or call at 09827808090. Gold prices inched up on Thursday as the dollar slipped following a deal by oil producers to curb output.   FUNDAMENTALS  *Spot gold had risen 0.3 percent to $1,324.76 an ounce by 0047 GMT.  *U.S. gold futures were up 0.4 percent at $1,328.30 an ounce.  *OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.  *The dollar index, which measures the greenback against a basket of currencies, fell 0.1 percent to 95.352.  *The Federal Reserve is considering changing the annual stress tests it gives to U.S. banks to see if they can withstand a massive financial crisis, Yellen said.  * The Fed's chair did not comment ...

ING Selling $300 Million Kotak Mahindra Stake

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Dutch financial services company ING Group is selling a $300 million stake in Indian lender Kotak Mahindra Bank Ltd in a block trade on Thursday, according to a deal term sheet seen by Reuters. The deal has an upsize option of up to $550 million, according to the term sheet, an informal paper with the deal terms for market participants.  The contents of the term sheet were separately confirmed by a source with direct knowledge. An ING spokeswoman confirmed the company was selling part of its stake in Kotak Mahindra.  "We will disclose further details at closing," the spokeswoman said. ING is selling the shares in a price range of 774.50 rupees to 782.30 rupees apiece. Ahead of the news, Kotak Mahindra shares closed at 782.30 rupees in Mumbai trading on Wednesday. For more Latest For news on Indian Stock Market Tips,Mcx Commodity Market Tips please visit us at http://ripplesadvisory.com/free-trial.php or call at 09827808090.

Air India signs code Share Agreement with Air Austral

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National passenger carrier Air India on Wednesday said it has signed a free-flow code share agreement with Reunion Island-based airline Air Austral. "This agreement will enable Air India to code share on Air Austral operated flights on the Chennai-Reunion-Chennai sector as well as beyond Reunion to/from Johannesburg, Seychelles, Mauritius and Madagascar," the airline said in a statement.  "Reciprocally, Air Austral will put its marketing code on Air India operated flights beyond Chennai to/from Mumbai, Delhi and Kochi." According to the airline, the code share will initially be implemented on the Reunion-Chennai-Reunion sector.  "This agreement will enable Air India to reach out to destinations in the Indian Ocean and Africa. We look forward to expand our relationship with Air Austral in future," Seema Srivastava, Executive Director - Strategy and Planning, Air India, was quoted in the statement as saying. For more Latest For news on India...

Today Indian Market Open Up

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The Sensex is up 144.05 points or 0.5 percent at 28436.86,  and the Nifty up 45.65 points or 0.5 percent at 8790.80.  About 393 shares have advanced, 51 shares declined, and 36 shares are unchanged.  Bajaj Auto, ONGC, Axis Bank, ICICI Bank and Maruti are top gainers in the Sensex. For more Latest For news on Indian Stock Market Tips,Mcx Commodity Market Tips please visit us at http://ripplesadvisory.com/free-trial.php or call at 09827808090.

Today Nifty Expiry Day

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F&O cues:  Nifty 8700 Put added 15.2 lakh shares in Open Interest on September 28  Nifty 8750 Put added 9.5 lakh shares in Open Interest  Nifty 8650 Put added 4 lakh shares in Open Interest  Nifty 8850 Call added 4.5 lakh shares in Open Interest  Nifty 8800 Call shed 6.5 lakh shares in Open Interest  Nifty 8700 Call shed 5.9 lakh shares in Open Interest  FIIs in F&O on September 28 FIIs net buy Rs 135 crore in Index Future  FIIs net buy 1430 crore in Index Options  FIIs net sell Rs 356 crore in Stock Future For more Latest For news on Indian Stock Market Tips,Mcx Commodity Market Tips please visit us at http://ripplesadvisory.com/free-trial.php or call at 09827808090.

Indian ADRs: Tata Motors, ICICI Bank gain; Wipro Down

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Indian ADRs ended mixed on Wednesday. In the banking space, ICICI Bank rose 0.77 percent at USD 7.87 and HDFC Bank declined 1.15 percent at USD 72.26.  In the IT space, Infosys was down 0.13 percent at USD 15.89 and Wipro shed 0.51 percent at USD 9.78.  In the other sectors, Tata Motors gained 1.53 percent at USD 40.59 and Dr Reddy's Laboratories was down 0.13 percent at USD 47.89. For more Latest For news on Indian Stock Market Tips,Mcx Commodity Market Tips please visit us at http://ripplesadvisory.com/free-trial.php or call at 09827808090.

Today's Indian Rupees Open High

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The Indian rupee opened marginally higher at 66.44 per dollar on Thursday against previous close 66.46.  For more Latest For news on Indian Stock Market Tips,Mcx Commodity Market Tips please visit us at  http://ripplesadvisory.com/free-trial.php  or call at 09827808090. "Global currency markets are rangebound in the absence of any major triggers. Rupee is resilient within a broad range of 66-67/dollar."  "We expect the USD-INR pair to trade in a range of 66.25-66.50/dollar for the day," he said.

Asia Gains as crude oil surge Improves risk Appetite

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Asian stocks gained on Thursday in tandem with an oil price rally after OPEC members agreed to curb output - boosting investor risk appetite. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.6 percent. Commodity-heavy Australian shares advanced 0.6 percent and South Korea's Kospi gained 0.7 percent.  Japan's Nikkei rose 0.9 percent after losing 1.3 percent the previous day. Overnight, European shares gained on a recovery in battered Deutsche Bank shares while the Dow rose 0.6 percent and the energy index had its best day since January in light of the OPEC agreement.  Oil prices settled up nearly 6 percent on Wednesday after OPEC struck a deal to limit crude output, seen as a surprise by the market, at its policy meeting in November. It was OPEC's first agreement to cut production since 2008. For more Latest For news on Indian Stock Market Tips,Mcx Commodity Market Tips please visit us at http://ripplesadvisory.com/free-trial.php or...

Wall Street Rallies as OPEC reaches output Deal

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Wall Street ended higher on Wednesday after an OPEC agreement to limit crude output fueled a rally in oil and more than offset nervousness about a tight race for the US presidency. The energy index had its best day since January, climbing 4.34 percent after OPEC sources said the group reached a deal to cut its oil production for the first time since 2008.  Oil prices rallied as much as 6 percent. Chevron climbed 3.20 percent and Exxon Mobil gained 4.40 percent. Shares of Caterpillar Inc, which sells heavy equipment to energy companies, jumped 4.48 percent.  A slump in oil prices has caused steep earnings declines and losses for US energy producers for several quarters. S&P 500 energy companies on average are expected to post a 66 percent drop in third-quarter earnings, according to Thomson Reuters data. For more Latest For news on Indian Stock Market Tips,Mcx Commodity Market Tips please visit us at http://ripplesadvisory.com/free-trial.php or call at 09827...

Today Turmeric Market Update

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Turmeric on NCDEX settled up by 3.33% at 7134 on forecast of heavy rains in turmeric growing areas. Further, expectation of pickup in demand for old crops ahead of festival season too fuelled the uptrend. India's turmeric output in 2016-17 (Jul-Jun) is expected to rise because of better rainfall this season in key growing areas such as Maharashtra, Telangana, Karnataka and Tamil Nadu, report added. Traders are expecting turmeric production in Maharashtra to be around 1.2-1.5 million bags (Each bag of 70 kgs) as against 0.8- 1 million bags in the previous year. According to Andhra Pradesh Agriculture Department, area under turmeric in the state as of Sep 21 stood lower at 14,304 hectares against 15,405 hectares last year. \ For more Latest For news on Indian Stock Market Tips,Mcx Commodity Market Tips please visit us at http://ripplesadvisory.com/free-trial.php or call at 09827808090. Trading Ideas: Turmeric trading range for the day is 6806-7322.  Turmeric p...