Share Market Tips | Stock Market Tips | MCX Tips

* Palm rises, buoyant ahead of Lunar New Year festivity * Prices expected to be range-bound - trader * Palm may slide into 2,256-2,274 ringgit/tonne range - technicals By Liz Lee KUALA LUMPUR, Jan 30 (Reuters) - Malaysian palm oil futures rose on early Wednesday, recovering from their largest fall in two weeks in the previous session, on buoyant sentiment ahead of the Lunar celebration. The benchmark palm oil contract for April delivery 1FCPOc3 on the Bursa Malaysia Derivatives Exchange climbed 0.35 percent to 2,302 ringgit ($560.51) a tonne at the midday break. Trading volumes stood at 15,404 lots of 25 tonnes each. 1FCPO-TOT The futures contract rose to its highest in nearly seven months supported by related edible oil prices on Monday, and charted a sixth session of gains in seven. It then fell 1.4 percent on Tuesday, recording the largest decline in two weeks. "Market will likely continue to range here in anticipation of the long holiday,...

Positive global trend and raised demand by local jewellers at the spot market helped gold trade with healthy gains in the domestic futures market in Wednesday's session.  As per Reuters, gold prices edged up on Wednesday to hit their highest since May 2018, supported by uncertainty over US-China trade relations and expectations that the Federal Reserve will keep rates on hold.  Silver also traded with strong gains on upbeat demand for the metal by industrial units and coin makers.  The MCX Gold was trading at Rs 32,952 per 10 grams, up by Rs 52, while MCX Silver was trading Rs 174 higher at Rs 40,440 a kilo around 11 am.  Brokerage Choice Broking expects a bullish movement in MCX Gold and silver for the day.  Disclaimer:- The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before taking any investment decisions. Best Share Market News, Click Here...

Mentha oil prices surged in the domestic futures market on Wednesday, riding on higher demand coupled with restricted arrival from producing regions.  Around 11:05 am, MCX Mentha oil was trading at Rs 1,596.30 per kg, up by Rs 47.60, or 3.07 percent.  Raising of bets by speculators, driven by surging demand from consuming industries at the spot market against limited supplies from key producing regions, drove mentha oil prices higher in futures trade.  Disclaimer:- The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before taking any investment decisions. Best Share Market News, Click Here To Get More News - NCDEX Tips , for 2 Days Free Trial give a missed call @9644405056 and Get Share Market Services.

Indian Sugar Mills Association (ISMA) has sent a letter to the government asking for the minimum selling price (MSP) to be raised to 35-36 rupees ($0.49-$0.51) a kilogram at factory gates from 29 rupees currently. Sugar stockpiles in India, which is set to become the world’s biggest producer, almost doubled to 15.4 million tons as of Dec. 31 from a year earlier following bumper output, according to ISMA data. Higher local prices will prompt millers to sell more in the domestic market and potentially reduce exports, supporting global prices. The mills are also under pressure as cane growers seeking one-time payments. Indian mills owed about 190 billion rupees to farmers as of Dec. 31. The dues may climb to as much as 350 billion rupees if their cash flow doesn’t improve. Disclaimer:- The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before taking any investment decisions. Best...

The West Bengal government is set to issue an order restricting cold storages in the State from opening before March 1 for loading potatoes. While the storage period of potatoes usually extends from March 1 to November 30, it is often seen that many cold storages start loading by mid-February. West Bengal is the second largest potato-growing State, with an average annual production of around 100-110 lakh tonnes. Early loading leads to immature potatoes finding their way into cold storages, said a top official of Department of Agricultural Marketing in West Bengal, the Hindu Business Line reported. Loading of immature potatoes leads to deterioration in quality, thereby affecting the marketability of the produce, the official said. Disclaimer:- The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before taking any investment decisions. Best Share Market News, Click Here To Get Mor...

Shares of the online marketplace were down 1 percent in after-hours trading, reversing course after an initial jump following eBay's move to pay a quarterly dividend of 14 cents per share. eBay Inc forecast March quarter revenue below Wall Street estimates after reporting disappointing growth in the volume of sales on its platform during the key holiday quarter, overshadowing news of its first-ever dividend. Shares of the online marketplace were down 1 percent in after-hours trading, reversing course after an initial jump following eBay's move to pay a quarterly dividend of 14 cents per share. The lackluster forecast comes as San Jose, California-based eBay faces demands from two prominent activist shareholders to sell some divisions and restructure others in the midst of fierce competition with Amazon.com Inc and other online stores. eBay said consumer spending during December, a normally busy shopping period, was slow despite more buyers using its platform. ...

The private sector lender posted 131% jump in its Q3FY19 net profit at Rs 1,681 crore, beating market estimates. CLSA and Macquarie have given mixed views on Axis Bank’s Q3 performance. While they both see internals to be strong, CLSA is more optimistic on earnings rebound ahead. The latter, believes headline loan growth seems optically weak. It touched a 52-week high of Rs 703.00. The private sector lender posted 131 percent jump in its Q3FY19 net profit at Rs 1,681 crore, beating market estimates. Analysts were expecting third-quarter profit growth in the range of 50-110 percent over the same period last year, partly driven by lower provisions. The company had reported a profit of Rs 726.44 crore in a year ago period. Net interest income (NII) was up 18 percent at Rs 5603.6 crore versus Rs 4,732 crore in Q3FY18. Brokerage: CLSA | Rating: Buy | Target: Raised to Rs 840 from Rs 800 The global research firm said that earnings could rebound ahead and...