Tuesday, 16 February 2016
Friday, 12 February 2016
Commodity Jeera prices hits 2% upper circuit on lower supply in the spot market
Jeera futures continued to trade higher tracking reports of crop
damage in Northern Gujarat due to disease and on concerns on yield
due to lower moisture levels. Jeera Mar contract closed the day at
Rs.14705 per quintal, higher by 1.87% from its previous close.
According to our sources, a disease has affected plant and 5% damage
is expected on output. Spot markets are trading higher taking
positive cues from the futures market.
Advice: Our research team Advice Sold Agri Jeera around 14,700 march Contract
targets 14500, 14300 stop loss 14911.
Wednesday, 10 February 2016
Stock and Commodity Updates for Today
On Wednesday Morning Session, Indian Stock Market opened with the
negative sign. The top Indian Benchmark Indexes are moving down with
the loss around 0.75%. Currently, BSE Sensex Live at 23819.24 with
the drop of 201.74 points & NSE Nifty Live at 7230.65 after
dropping by 67.55 points. Auto, Banking, Real Estate and Pharma
Indexes got struck down by current market condition after dropping by
1.5%. IT and MNC's Sectors are holding the market with the lead of
0.5%. In such a critical situation, few companies like Bata India,
Lupin, NTPC, Gale India and LIC Housing Finance keeps big chances to
give profitable returns.
In MCX Commodity Market, Gold and Silver both are moving down with
the loss. In MCX, Gold April contract is trading at 28280/10 gram
with the loss of 160 rupees & Silver March contract is trading at
36820/10 kilo with the loss of 424 rupees. Crude oil is moving on an
average with the minor loss of 14 points with less expected movement.
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