Tips & updates : RBI, SEBs to file AIR on remittances, power consumption

Today, the revenue department asked the Reserve bank to file Annual Information Return (AIR) Click for Options tips on certain foreign remittances and state electricity boards on power used by several kind of steel makers.

Expert said the directive is aimed at using the AIR route to detect cases of Service Tax and Excise evasion. Over the last few years, the govt has been gathering information from third party sources to detect cases of incorrect declarations & tax evasion.

CBEC - A notification in this regard is issued by the Central Board of Excise and Customs in the Finance Ministry. "The medium of AIR has been extensively used in case of income tax and in latest times has been expanded to indirect taxes as well. In continuation of the same the govt declared two new categories of regulators who would be required to submit an AIR from the up coming fiscal year," M S Mani, Deloitte India, told.

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Natural Gas ascend by over 3% in domestic market 24 Dec, 2015

Natural Gas futures ascend by over 3 per-cent in the native market on yesterday amid hopes that frigid weather in parts of the US(United States) may increase winter heating demand for the fuel in the world’s biggest gas consuming nation.

Latest weather forecasting models have called for cold weather across the US Midwest in end December, raising hopes of a increase in requirement for gas-fired heating at offices and homes.

Around 49 per-cent of US households use natural gas for heating purposes. November to March is the peak United States gas heating season.

At the MCX, Natural Gas futures for Dec 2015 contract ended at Rs 128.8 per mmBtu, up by 3.37 per-cent, after unlocking at Rs 125.4, against the previous closing price of Rs 124.6. It attained an intra-day high of Rs 129.4

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Agri tips & update :Castorseed drops today 21 Dec, 2015

                                                Ncdex Outlook

 
 

 
Castor seed : Today Castor seed prices fell down by 0.64 per-cent at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of new supply of the commodity in the major mandies as well as strong production estimates.

NCDEX : January 2016 contract for Castor seed futures was trading at Rs. 3,863 per quintal tonnes, down by 0.64 per-cent, after unlocking at Rs. 3,882 against the preceding closing price of Rs. 3,888. It reached the intra-day low of Rs. 3,852 till the trading time.

 

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Agri news : Jeera ended low 16 Dec, 2015

Agri tips & updates : Jeera prices closed lower by 2.96 per-cent on yesterday at the National Commodity & Derivatives Exchange Limited on account of a surge in the supply from the manufacturing areas in the midst of a decline in the export requirement. 

At the NCDEX, Dec 2015 contract for jeera futures closed at Rs. 14,595 per quintal, down by 2.96 per-cent, after opening at Rs. 14,975 as compared to the previous closing price of Rs. 15,040. It touched the intra-day low of Rs. 14,595.

world wide output of Jeera is nearly 2.2 lakh MT each year, of which India produces about 1.5 lakh MT yearly. 

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Mcx update : Copper surges on supply cuts

mcx copper tips

Copper futures soared by over 2.5 per-cent in the native market on Friday last week as investors, observers and speculators booked fresh positions in the industrial metal as investors & speculators cheered the announcements from leading copper producers who told that, they would cut outcome as requirement eases in China, the world’s largest copper consumer.

Further more, China’s lending data topped estimates as credit growth picked up in Nov, easing fears over an economic slowdown in the world’s biggest metals consuming nation, brightening the requirement overview for copper. New local currency loans issued by China’s banks and financial institutions came in at 709 billion Yuan in November, up from Oct's 15-month low of 513.6 billion Yuan.

Copper may expand gains today as China’s industrial outcome, retail sales & fixed-asset investment numbers for Nov, came in better than the expectations bolstering outlook.

At the MCX, Copper futures for February 2016 contract closed at Rs 318.75 per kg, up by 2.69 per cent after opening at Rs 310.7, as compared to the previous ending price of Rs 310.4. It attained the intra-day high of 321.65.

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Maize & Mustard seed closed low due to weak demand 10 Dec, 2015

Prices of mustard seed closed lower by 1.5 per-cent on yesterday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on account of the weak crushing and export requirement of mustard meal. 

 

At the NCDEX,Dec 2015 contract for Mustard Seed futures closed at Rs. 4,608 per quintal, went down by 1.5 per-cent, after unlocking at Rs. 4,680 against the preceding closing price of Rs. 4,678. It reached an intra-day low of 4,596.

Maize prices closed down by 1.16% on yesterday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of heavy selling activity by the traders on account of higher global supplies & weak erofftakes from the local buyers.

NCDEX : Maize futures for Dec 2015 contract closed at Rs. 1,528 per quintal, down by 1.16 per-cent, after opening at Rs. 1,535 in against with the previous closing price of Rs. 1,546. It attained the intra-day low of Rs. 1,520. 

 

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Due to US supply drop Crude Oil vanish over 1 % 10 Dec, 2015

Today, Crude oil futures plummeted over 1 per-cent in the native market while tumbling to a 6 year low in the overseas market as investors, observers and speculators regained to a heavy sell-off in the energy commodity amidst continued fears that a global oil glut may exacerbate due to the fallout of the OPEC’s decision to maintain production at high levels, and sluggish world wide growth of economy which may weaken requirement.

The OPEC past week voted to refrain from a cutback in production as the cartel aggressively battles to protect market share amidst high-cost producers.

In the mean time, US(United States) storage levels fell down for the 1st time in eleven weeks but remained at the highest level for this time of the year since 1930 and nearly 120 million barrels above the 5-year average, a sign that the market is flooded with oil.

MCX : December 2015 contract for Crude oil futures ended at Rs 2,496 per barrel, down by 1.27 per-cent, after opening at 2,559, in against with the previous close price of Rs 2,528. It attained an intraday low of Rs 2,478.

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Barley , Jeera closed low today 8 Dec, 2015

Prices of Barley closed low by 1.08 per-cent yesterday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors booked profits at the higher on account of the weak physical markets and also due to the fell down in the requirement from beer and cattle-feed makers. At the NCDEX, barley futures for December 2015 contract closed at Rs. 1,460 per quintal, down by 1.08 per cent, after opening at Rs. 1,480 against the previous closing price of Rs. 1,476. It attained the intra-day low of Rs. 1,452.5.

Sentiment weakened further on account of a surge in the arrivals of the commodity along with the inactive requirement on higher levels. 

At MCX, Jeera prices ended lower by 1.65 per-cent on yesterday on account of a surge in the supply from the producing regions in the midst of a decline in the export requirement. 

At the NCDEX, jeera futures for December 2015 contract closed at Rs. 15,530 per quintal, down by 1.65 per cent, after opening at Rs. 15,740 against the previous closing price of Rs. 15,790. It attained the intra-day low of Rs. 15,460.

Global outcome of Jeera is nearly 2.2 lakh MT yearly, of which India produces around 1.5 lakh MT per year.

US crude hovers above $40, Crude tips for 3 Dec, 2015

Crude Updates : Today, US rough costs were suspend around $40, in the wake of falling more than 4 for every penny a day prior on a startling ascent in stockpiles, while Brent was weighed around worries that OPEC will keep its result roof unaltered.

Today, US unrefined was exchanging at $40.23 per barrel at 0300 GMT , up 29 pennies, yet went down about 14 for each penny since the begin of November month.

Universally exchanged Brent was up 23 pennies at $42.72. It finished at $42.49 on yesterday, the least since Walk 2009.

Inventories of US unrefined rose for a tenth straight week, climbing 1.2 million barrels, rather than investigators' desires of an abatement of 471,000 barrels, information from the United States Vitality Data Organization appeared on yesterday.

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Zinc futures fell by 0.86 per-cent today, 02 Dec, 2015

Zinc futures fell by 0.86 per-cent to Rs 104.30 per kg today as speculators decreased positions in the midst of a weak trend globally. Besides this, low demand in native spot markets fuelled the downtrend. 

Zinc futures for Dec 2015 contract, at MCX, were trading at Rs 104.30 per kg, down by 0.86 per-cent after opening at Rs. 104.65 against the previous closing price of Rs. 105.20. It reached the intra-day low of Rs. 103.80 till the trading. (At 4.08 PM today). 

Moreover, losses were limited due to the decline in the zinc stockpiles at the London Metal Exchange (LME) on account of the strong requirement for the commodity. LME zinc stocks fell by 2600 metric tonnes to 540000 metric tonnes as on Dec 2, 2015.

Major refined zinc exporting countries are Canada, Australia and Rep. of Korea, while major refined zinc importing countries includes USA, China and Germany.

Copper slumps on sluggish 2 Dec, 2015

Today, prices of Copper fell down by 0.35 per-cent after producing activity in the US(United States)contracted at the fastest pace since July 2009 in Nov, dampening optimism over the strength of the economy and fanning hopes the Fed Reserve could delay increasing interest rates until upcoming year. 

The Institute for Supply Management said its index of purchasing managers fell to 48.6 previous month from a reading of 50.1 in Oct. At the MCX, copper futures for February 2016 contract were trading at Rs.309.25 per 1 kg, down by 0.35 per-cent, after opening at Rs. 310.05 against the previous closing price of Rs. 310.35. It touched the intra-day low of Rs. 308.50 till the time of trade. (At 4.30 PM today).

Moreover, losses were limited due to the sharp decline in the copper stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME copper stocks fell down by 3825 metric tonnes to 239200 metric tonnes as on Dec 2, 2015.

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Crude oil plunged by 3 %, Mcx crude tips for 16 Nov, 2015

Today, Crude oil futures plunged by 3 per-cent in the native market on Friday as investors & speculators cut risky bets in the energy commodity which sank to the lowest level in 11 weeks in the overseas market as concerns over a world wide supply glut worsened.

OPEC, the cartel which accounts for about 40 per-cent of global crude supplies, said that surplus crude inventories were at the highest level in at least a decade due to record production. A rate increase in US oil rig count for the 1st time in almost 3 months last week signaled an increase in production, going ahead, threatening to exacerbate a supply glut. Baker Hughes told that the number of rigs drilling for oil in the US crept up by 2 to 574 last week.

A smaller than estimated increase in US retail sales in October signaled a slowdown in consumer spending in the world’s largest economy which may curb fuel demand. US retail sales rose a paltry 0.1 per-cent in October from September when they stood little changed. Moreover, a gauge measuring US consumer sentiment surged to a four-month high of 93.1 in November from 90 in October. Oil may expand losses today as a renewed Japan recession curbs fuel requirement. At the MCX, Crude oil futures, Nov 2015 contract ended at Rs 2,689 per barrel, down by 3 per-cent, after opening at Rs 2,759, against the preceding close price of Rs 2,771. It attained an intraday low of Rs 2,677.

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Barley prices ended high by 0.45 %; Agri tips & market view of 28 Oct, 2015

Agri tips & updates : Barley prices ended high by 0.45 per-cent on yesterday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of strong requirement from beer & cattle-feed making industries against prohibited supply in physical markets. November 2015 contract at the NCDEX, barley futures closed at Rs. 1,438 per quintal, went up by 0.45 per-cent, after unlocking at Rs. 1,428 in against to the previous closing price of Rs. 1,431.5. It reached the intra-day high of Rs. 1,446.

The consumption requirement for Barley in country mainly comes for malt, animal feed & poultry. Barley malt is majorly used for the manufacturing of alcoholic beverages in the country.

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Ncdex Trading : Cardamom prices fell down by 0.13 27Oct, 2015

Cardamom - Trading tips for today, prices fell down by 0.13 per-cent at the Multi Commodity Exchange (MCX) due to the adequate stocks availability in the physical market on account of more supply from the producing belts of Chandausi in UP(Uttar Pradesh). November 2015 contract at MCX for Cardamom futures were trading at Rs. 775 per kg, went down by 0.13 per-cent, after unlocking at 771.10 against the previous closing price of Rs. 776.

It touched the intra-day low of Rs. 771.10 till the time of trade. (At 10.45 morning today). Sentiment weakened further as the traders booked profits at the prevailing levels in the midst of a subdued requirement for the commodity.

Kerala (70 per-cent), Karnataka (20 per-cent) and Tamil Nadu (10 per-cent) are the cardamom growing states in India while about 90 per-cent of the produce is consumed within the nation. The important markets for cardamom in country are Vandanmendu, Kumily, Thekkady, Kumbum, Bodinayakanur & Pattiveeran Patti in Kerala.

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Mcx crude tips & updates : Crude Oil closed lower 26 Oct, 2015

Last week, Crude oil futures ended lower in the native market on Friday in the midst of a miniscule build in US(United States) oil rigs last week. Oil services firm Baker Hughes told the US(United States) oil rig count for the week ending on Oct. 16 fell by 1 to 594. It marked the 8th straight week of weekly declines, as US(United States) production continues to hover near 2015 yearly lows. Energy traders have kept a close eye on the rig count since a shocking move by OPEC last November triggered a downturn in world wide oil prices. Moreover, losses were limited as signs of a pickup in the 19-member Euro area economy bolstered the demand outlook for the fuel. A combined gauge measuring Euro area manufacturing and services clinches to the highest level in two months at 54 in October, with a reading above 50 signaling expansion, Market experts told. 

Mcx crude tips & calls

In the meantime, the ECB also indicated that it may boost its QE program to accelerate the region’s economic recovery, auguring well for crude oil. Bargain buying also limited the losses as prices hit a near-three week low after the EIA reported an 8 million barrels rise in US(United States) oil supplies previous week, raising fears over a global supply glut.

At the MCX, October 2015 contract for Crude oil futures closed at Rs 2,927 per barrel, went down by 0.81 per-cent, after opening at Rs 2,956, against the previous close price of Rs 2,951. It attained an intraday low of Rs 2,895.

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Mcx crude tips : Crude oil futures ended lower 23 Oct , 2015

Mcx crude tips : Crude oil futures ended lower in the native market on yesterday after number of people who filed for unemployment assistance in the US rose last week, holding close to the lowest level in 42 years indicating a weak labor market in US(United States), world’s biggest consumer of crude oil which reduced the demand outlook for the fuel. The US(United States) Department of Labor said the number of individuals filing for initial jobless benefits in the week ending 17th October increased by 3,000 to a seasonally adjusted 259,000 from the previous week’s total of 256,000. Sentiment weakened further after US crude oil inventories rose more-than-expected last month.

In a report, Energy Information Administration told that US Crude Oil Inventories rose to a seasonally adjusted annual rate of 8.028M, from 7.562M in the preceding month. At the MCX, November 2015 contract for Crude oil futures, closed at Rs 2,951 per barrel, down by 0.71 per-cent, after opening at Rs 2,983, in comparison to the previous close price of Rs 2,972. It reached an intraday low of Rs 2,943.

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Agri tips : Cardamom dips 0.38% ; Jeera closed 1.34 % 16 Oct, 2015

Agri tips & products updates : Today, Prices of Cardamom fell down by 0.38 per-cent the Multi Commodity Exchange (MCX) due to the sufficient stocks availability in the physical market on account of more supply from the producing regions of Chandausi in UP(Uttar Pradesh). 

At MCX, Cardamom futures for November 2015 contract were trading at Rs. 805 per kg, went down by 0.38 per-cent, after opening at Rs. 805.50 in comparison to its previous closing price of 808.10. It attained the intra-day low of Rs. 804 till the time of trading. At 10.45 AM today. Sentiment weakened further as the traders booked profits at the prevailing levels in the midst of a subdued requirement for the commodity.

Jeera prices closed lower by 1.34 per-cent on yesterday at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the producing regions in the midst of a decline in the export demand. 

Agri tips & calls

At the NCDEX, jeera futures for October 2015 contract closed at Rs. 16,200 per quintal, down by 1.34 per cent, after opening at Rs. 16,270 in against with the last closing price of Rs. 16,420.However, it reached the intra-day low of Rs. 16,075.

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Agri tips : Chana closed high because of increase in demand 14 Oct, 2015

Agri tips & calls

Agri tips & updates : Prices of Chana locked high by 1.79 per-cent on yesterday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the traders expanded their holdings in the commodity on account of the good demand in the market. 

At the NCDEX, October 2015 contract for chana futures closed at Rs. 5,180 per quintal, up by 1.79 per-cent, after opening at Rs. 5,151 in comparison to the last closing price of Rs. 5,089. It attained the intra-day high of 5,187.

Besides this, the prohibited arrivals of the commodity in the physical market because of lower estimated outcome also influenced the chana prices.

Our country is the biggest producer of chickpea then Pakistan, Turkey & Iran. Country produces nearly 6 to 8 million tonnes & contributes around 70 per-cent of the total world production.

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Agri tips, Agro Commodity Calls By Market Expert & Analyst 24 Sep, 2015

Sure Shot Call -

NCDEX : SELL RM SEED OCT BELOW 4237 TGT 4217/4187 SL 4257

Agri tips & Jeera Updates : Jeera locked down by 0.28 per-cent on yesterday at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the producing regions in the midst of a decline in the export demand. 

 

Agri tips

At the NCDEX, October 2015 contract for jeera futures closed at Rs. 15,945 per quintal, went down by 0.28 per-cent, after opening at Rs. 15,970 in against with the previous closing price of Rs. 15,990. It attains the intra-day low of Rs. 15,850.

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Agri tips : Jeera ends high on limited stocks 21 Sep, 2015

Agri tips

Agri tips - Price of Jeera closed higher by 0.03 per-cent on Friday last week at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors enlarged their holdings in the commodity in the midst limited arrivals from growing regions. At the NCDEX, jeera futures for October 2015 contract closed at Rs. 15,830 per quintal, up by 0.03 per-cent, after opening at Rs. 15,895 in against with the previous closing price of Rs. 15,825. It reached the intra-day high of Rs. 16,045.

Sentiment improved further as a result of reduced native supplies in the physical markets & some export enquiries.

World-wide output of Jeera is around to be 2.2 lakh MT yearly, of which India produces about 1.5 lakh MT every year. India exports Jeera mainly to the US, UAE, UK, Japan, Singapore, Brazil, Bangladesh and many other countries. Besides this, other Major exporters are Syria & Turkey.

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