Wednesday, 16 March 2016

Soyabean futures edged marginally lower on NCDEX

Soyabean futures edged marginally lower on NCDEX, owing to expectation of lower demand for commodity as edible oil imports increased for February month keeping ample stocks in pipeline. Further, lower soymeal export too pressurised soyabean prices to some extent.

The contract for March delivery was trading at Rs 3660.00, down by 0.25% or Rs 9.00 from its previous closing of Rs 3669.00. The open interest of the contract stood at 8820 lots.

The contract for April delivery was trading at Rs 3727.00, down by 0.27% or Rs 10.00 from its previous closing of Rs 3737.00. The open interest of the contract stood at 82570 lots on NCDEX.

Tuesday, 8 March 2016

Top Market Updates News 09 March 2016.

1. Stocks of Container Corporation of India were trading 2.50 per cent down at Rs 1195.95 (9.24 am) as government will sell 5 per cent stake in the company at a minimum price of Rs 1,195 a piece, to garner Rs 1,165 crore.

2. Triggered by weak global cues, the 30-share Sensex opened 131.96 points down at 24,527.27. Nifty 50 index opened 49.20 points down at 7,436.10.

3. Oil prices fell 3 percent on Tuesday, ending six days of gains for benchmark Brent crude, as Goldman Sachs suggested the rally was unsustainable and industry data showed U.S. stockpiles reached record highs again last week.

4. Gold turned lower on Tuesday, falling below last week’s 13-month high on profit-taking as the market’s recent rally appeared to lose momentum ahead of the next U.S. Federal Reserve meeting.

5. Asian shares stepped back further from two-month highs on Wednesday as a retreat in oil prices and weak Chinese trade data revived concerns about the health of the global economy.

6. Notwithstanding the threat by US-based agri-biotech firm Monsanto to pull out of the country if its royalty income is slashed, the trait value on Bt cotton seeds is set to be cut by a steep 70% to R49 a packet, reports Sandip Das in New Delhi.

7. Foreign portfolio investors’ (FPIs’) appetite for Indian debt paper has started to pick up marginally with the cut-off bid to acquire limits on G-secs coming in at 4.41 basis points at Tuesday’s auction, according to sources in the bond market.

8. Siemens has hived off its healthcare division to the parent (SIE GR, buy, 89 euros) for R3,050 crore, in line with global strategy of managing this division separately.

9. As per a filing with the stock exchanges, the Coal India’s (CIL) board has approved an interim dividend of R27.4/share for FY16. The payout date is March 21, and the ‘record date’ for payment is March 15.

10. The Securities & Exchange Board of India (Sebi) is expected to announce new regulations for algorithm trading after its board meeting on March 12.

11. The export of cashew kernel from India is likely to suffer further with the recent Budget imposing an import duty on raw cashew.

12. Even as sugar prices are improving and the fair and remunerative price (FRP) arrears for the sugar season of 2014-15 and 2015-16 in Maharashtra have come down, sugar mills still owe farmers some R241 crore for the previous season.

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Wednesday, 2 March 2016



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The BSE Sensex advanced over 250 points in the early trade

The BSE Sensex advanced over 250 points in the early trade and the NSE Nifty 50 index reclaimed the 7,400-mark on Thursday as the post-Budget rally continued following creation of fresh bets coupled with a fresh spell of foreign fund inflows. 

Jindal Steel and Power Ltd (JSPL) share price surged further and was trading 7.75 per cent up at Rs 61.90 on reports that the steel company is exploring partial or complete sale of power assets.

commodity Market update news today 02 march 2016

World ending stocks are projected to decrease by 8% to 20.4 million tonnes, which represents about 86% of world cotton consumption in 2015/16. This is the first reduction in world ending stocks since 2009/10.

Over 50,000 MT pulses have been procured from the farmers by various Government agencies at the market prices and decision to import 20,000 MT pulses has been taken.

Near term trend can be expected to be weak for the agri futures markets with Chana, Guar, Kapas and oil complex set for further decline on the back of fall in global markets.

Iraqi government has asked international oil companies (IOCs) to reduce spending plans at southern oil fields in 2016 because Iraq has been struggling to keep up its share of payments to IOCs.

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