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Cardamom futures were trading lower during the morning trade in the domestic market on Monday as speculators booked profits at prevailing levels amid easing demand in the spot market. Analysts said besides profit-booking by participants a t the existing level, fall in demand against adequate stocks position, mainly led to decline in cardamom prices at futures trade. At the MCX, cardamom futures for May 2018 contract was trading at Rs 930.20 per kg, down by 1.78 percent, after opening at Rs 940, against a previous close of Rs 947.10. It touched the intra-day low of Rs 930.20. Two days Free Trials and best services packages for dealing in Stock market click here to get >> MCX & NCDEX Tips By Ripples Advisory One Missed call on @9644405056

Sugar Sugar is trading at Rs 2,700 per quintal at the Rajkot market. In the coming days, prices are expected to fall to Rs 2,650 per quintal. Distress sales by mills due to higher sugar output and poor off-take from stockists and bulk consumer are keeping prices under pressure. Storage problems due to record output will further weigh on prices. Chana Chana is trading at Rs 3,514 per quintal price at the benchmark Bikaner spot market. For the week ahead, prices are expected to head towards Rs3,460. Weak demand from millers due to the lean season for consumption of products, mainly dal and besan, coupled with record output would keep the undertone weak in near term despite various measures taken by the government recently. Two days Free Trials and best services packages for dealing in Stock market click here to get >> Commodity Tips One Missed call on @9644405056

BENGALURU - Gold prices were little changed on Monday as investor interest in the yellow metal dropped as the U.S. dollar steadied and there were signs of easing tensions on the Korean peninsula, reducing the safe-haven demand for gold. Spot gold fell 0.1 percent to $1,320.80 per ounce at 0428 GMT. U.S. gold futures for June delivery declined 0.1 percent to $1,322 per ounce. Gold is set for a slight monthly decline of 0.2 percent for April "Gold is still tracked very closely with the dollar," said Helen Lau, analyst at Argonaut Securities. The dollar index, which touched a 3-1/2-month high of 91.986 on Friday, was steady at 91.552. Markets were mostly quiet on Monday with Japan, China and India on holiday and as much of Asia will be closed on Tuesday. "Geopolitical risks also seem to be turning around... Everybody want to comes to the table and negotiate a deal," Lau added. At their summit on Friday, North Korean leader Kim Jong Un Kim ...

SINGAPORE - Oil prices edged lower on Monday as a rising rig count in the United States pointed to higher production, but prices held near more than three-year highs and were on track to rise for a second consecutive month. The oil complex has been driven by supply concerns amid prospects of the United States reimposing sanctions on Iran, while OPEC-led producers continue to withhold supplies. Brent crude futures, the international benchmark, dipped 39 cents, or 0.5 percent, to $74.25 a barrel at 0305 GMT. Prices climbed as high as $75.47 last week, levels not seen since November 2014. U.S. West Texas Intermediate (WTI) crude futures were at $67.89 a barrel, down 21 cents, or about 0.3 percent, from their last settlement. "There's a small drop in trading this morning but volumes are low and there's not much commitment in the selling. The overall trend is positive and there's potential for the market to close higher again today," said Michael McC...

“The recent hurdle placed around 10640 has been crossed on a closing basis and thus we may see an extension of this move towards 10,750 – 10,800 in coming days. On the lower side, the immediate base seems to have shifted higher towards 10,640 – 10,600 (earlier hurdle becomes support) from 10,495,” said Sameet Chavan of Angel Broking. The Nifty ended April 27 expiry week closer to 10,700 levels, up 1.2 percent week-on-week. Given the current momentum on D-Street, the index is on track to hit 10,800-10,900 levels, experts said. “There was lot ambiguity among market participants after approaching the Nifty approached its strong resistance zone of 10,600-10,640. But, it managed to breakout post the April expiry. Sameet Chavan, Chief Analyst - Technicals, and Derivatives at Angel Broking, sees the Nifty heading towards 10,750-10,800 levels in the short-term. “Despite some terrible days in the global market, our benchmarks managed to shrug off all these developments and displayed ...

Going ahead into a week with decent earnings data so far coupled with a state election, the index is expected to continue with the upward momentum," says Dinesh Rohira The Indian equity market continued on a strong trend channel from its lowest level despite a weak support from global and domestic factors and sustained with the winning regime for consecutive weeks. The Nifty50 index opened with an upward gap on Friday and managed to break out from its strong resistance level of 10,650 on a closing basis. Despite a poor set of earnings announcement and truncated momentum, the index settled with 1.21 percent gain on weekly basis to close at 10,692 levels. Further, the index managed to stretch above 10,700 levels on an intraday basis, but weak market vindication pulled off the index. However, it signed an influential bullish regime going forward in upcoming series. Although no major formation was seen on the chart it made a relatively bullish candlestick ...

Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 17 points or 0.16 percent. Nifty futures were trading around 10,747-level on the Singaporean Exchange. The Nifty50 is expected to open higher on Monday tracking positive trend seen in other Asian markets. The index closed 74 points higher at 10,692 on Friday. Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 17 points or 0.16 percent. Nifty futures were trading around 10,747-level on the Singapore Stock Exchange. Wall Street closed nearly flat on Friday as inflation worries and struggling technology and energy stocks were offset by an advance in the consumer discretionary sector led by Amazon, said a Reuters report. Asian shares rose again on Monday as tensions in the Korean Peninsula eased and first-quarter earnings shone, although some investors pondered whether this sunny outlook could dim in the near future, it said. MSCI’s br...

Total income of Wipro slipped marginally 0.05% on a sequential basis to Rs 14,304.60 crore, whereas the figures fell 4.92% on a YoY basis. Sumit Bilgaiyan Wipro has posted a lower-than-expected profit of 6.64% QoQ fall in net profit at Rs 1,803 crore in Q4FY18 over Rs 1,931.30 crore in Q3FY18. Total income of Wipro slipped marginally 0.05% on a sequential basis to Rs 14,304.60 crore, whereas the figures fell 4.92% on a YoY basis. The earlier company has informed that its profit may take a hit of 65-75 basis points in the Q4FY18 as one of its telecom clients is undergoing insolvency proceedings. However, the company has hadn't named the client. Though, management is confident that the company will return to growth trajectory starting Q2FY19. Management expects topline to be in the range of USD 2,015 million to USD 2,065 million in Q1FY19. Wipro’s revenue and earnings growth has been a laggard in over the past three years mainly due to certain client-specific i...

NEW YORK- Oil prices edged lower on Friday, although Brent still gained for a third straight week amid supply concerns should the United States reimpose sanctions on Iran. Brent crude futures fell 10 cents, or 0.1 percent, to settle at $74.64 a barrel. This month, the global benchmark hit highs above $75, a level was last seen in late 2014. U.S. West Texas Intermediate (WTI) crude futures fell 9 cents to settle at $68.10 a barrel, also a 0.1 percent loss. Brent gained about 0.5 percent this week - its third consecutive weekly gain - while WTI posted a weekly loss of about 0.5 percent. Hedge funds and other money managers cut their combined futures and options position in U.S. crude in New York and London by 17,021 contracts to 455,885 during the week to April 24, the U.S. Commodity Futures Trading Commission (CFTC). U.S. President Donald Trump will decide by May 12 whether to reimpose sanctions on Iran that were lifted as part of an agreement with six other world...

It’s consolidated net debt increased to Rs 95,228.5 crore compared with Rs 91,713.9 crore YoY. The net debt/EBITDA ratio has increased to 3.23 times versus 3.01 times in Q4FY17, says Sumit Bilgaiyan, Founder of Equity99. Bharti Airtel has posted its lowest quarterly profit in nearly 15 years, but it's far ahead of our expectations. Airtel posted a consolidated net profit of Rs 83 crore in Q4FY18 against Rs 373 crore in Q4FY17. The company takes a hit from Reliance Jio-led low tariffs and a cut in international termination rates (ITR). On operational parameters, mobile data traffic has increased by 505% YoY to 1,616 billion megabytes (MB) in Q4FY18. India revenue slipped 7.5% YoY on an adjusted basis to Rs 14,796 crore but African business grew at 10.7% due to strong growth in data and Airtel money transaction value. EBITDA is down 11% YoY to Rs 7,000 crore which is better than what we have projected. Debt is still a big overhang on Bharti Airtel. It’s consoli...

BENGALURU - Gold prices languished near a five-week low on Friday, set for a decline of more than 1 percent this week, weighed down by a strong dollar, high U.S. Treasury yields and easing geo-political concerns. Spot gold was unchanged at $1,316.92 per ounce at 0324 GMT, not far from a low of $1,315.06 an ounce hit in the previous session - its weakest since March 21. U.S. gold futures were unchanged at $1,317.60 per ounce. "The strength of the U.S. dollar - combined with the weakness of the eurozone currency, after Mario Draghi speech - is pushing down the yellow metal. The recovery of the greenback is stopping any gold bullish movement," said Activtrades chief analyst Carlo Alberto De Casa. The dollar held near a 3-1/2-month high against a basket of currencies on higher U.S. yields, while the euro was hampered by a dovish tone from the European Central Bank. On Wednesday, the benchmark 10-year Treasury yield reached its highest since January 2014,...

Mentha oil futures were trading lower during the morning trade in the domestic market on Friday as investors and speculators cut down their positions in the agri-commodity amid muted physical demand for mentha oil from major consuming industries in the domestic spot market. Further exiting of bets by traders in the spot market was due to a fall in physical demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on higher supplies from producing regions.  At the MCX mentha oil futures for April 2018 contract was trading at Rs 1487.10 per kg down by 0.42 percent after opening at Rs 1487.10 against the previous closing price of Rs 1493.30. It touched the intra-day low of Rs 1487.10(at 10:24 hours). Two days Free Trials and best services packages for dealing in Stock market click here to get >> MCX Tips One Missed call on @9644405056

BAGHDAD - Iraq failed to attract investment from the top global energy companies in its oil and gas exploration/development contract auction on Thursday, with no major firms winning any bids and only Italy's Eni submitting an offer. The Oil Ministry held an auction to award contracts to international energy companies, with 11 blocks on offer near the borders with Iran and Kuwait and in offshore Gulf waters. "We have decided to speed up the development of border fields after five decades without investments ... leaving them without investments meant wasting the oil wealth of the country," Oil Minister Jabar al-Luaibi said ahead of bidding. "I say to the companies (that will bid), 'thank you' because this means trusting Iraq ... and it means services and education for the citizens who live in the regions where you are going to operate," he added. Five of the exploration blocks failed to attract any bids. Three went to Iraqi-owned, U...

Nifty Energy outperformed the broader indices led by Reliance Industries which jumped 3.5 percent ahead of its Q4 numbers, hitting new record highs in the morning trade. The other performers were BPCL, HPCL, and GAIL India. The Indian equity market was trading on a positive note on Friday morning, thanks to Axis Bank and Reliance Industries adding 3-4 percent helping the Nifty gain 60 points which were trading at 10,678 while the Sensex was up 202 points or 0.58 percent. Bank Nifty was up in the morning trade, gaining 1 percent led by Axis Bank which jumped 4 percent after the company reported its Q4 numbers on Thursday. The other gainers included Yes Bank which added 3 percent followed by ICICI Bank, up 2 percent while State Bank of India gained 1 percent. Bank of India, Canara Bank and PNB were the other gainers. Nifty Energy also outperformed the broader indices led by Reliance Industries which jumped 3.5 percent ahead of its Q4 numbers, hitting new reco...