Commodities & Bullion

Silver imports fall sharply in June

Posted on Saturday, July 19, 2014 - 04:42 am

June saw a sharp rise in the import bill for gold, along with a fall in silver imports.

In May last year, the Reserve bank of India directed banks not to import gold on a consignment basis, denting inflows in June. This year, there was some easing in the number of entities allowed to import. As a result, gold import surged to $ 3.1 billion in June, from $ 1.9 billion a year earlier.


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Posted by on Saturday, July 19, 2014 - 04:42 am.
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Gold futures up 0.5% on firm global cues

Posted on Friday, July 18, 2014 - 16:39 pm

Markets firm up in late trades; Sensex up over 100 points

Sensex was up over 100 points at 25,671 while the Nifty gained around 29 points at 7,671


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Posted by on Friday, July 18, 2014 - 16:39 pm.
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Cardamom up 0.7% on rising demand

Posted on Friday, July 18, 2014 - 15:39 pm

Goldman sells M&M shares worth Rs 1.3k cr

Golboot Holdings, the Cyprus-based entity controlled by Goldman held 1.91% stake in M&M


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Posted by on Friday, July 18, 2014 - 15:39 pm.
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Crude oil up 0.3% on overseas cues

Posted on Friday, July 18, 2014 - 14:39 pm

Goldman sells M&M shares worth Rs 1.3k cr

Golboot Holdings, the Cyprus-based entity controlled by Goldman held 1.91% stake in M&M


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Posted by on Friday, July 18, 2014 - 14:39 pm.
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Nickel down 0.2% on global cues

Posted on Friday, July 18, 2014 - 13:42 pm

Goldman sells M&M shares worth Rs 1.3k cr

Golboot Holdings, the Cyprus-based entity controlled by Goldman held 1.91% stake in M&M


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Posted by on Friday, July 18, 2014 - 13:42 pm.
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Mentha oil down 1.3% on profit-booking

Posted on Friday, July 18, 2014 - 12:39 pm

Cotton prices could fall amidst poor demand from spinning mills

Demand for cotton from domestic spinning mills might decline, with China continuing to reduce yarn imports. According to spinning mills, their …


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Posted by on Friday, July 18, 2014 - 12:39 pm.
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Silver futures up 0.63% on global cues

Posted on Friday, July 18, 2014 - 11:39 am

Cotton prices could fall amidst poor demand from spinning mills

Demand for cotton from domestic spinning mills might decline, with China continuing to reduce yarn imports. According to spinning mills, their …


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Posted by on Friday, July 18, 2014 - 11:39 am.
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Tea prices decline 13.5% in South India

Posted on Friday, July 18, 2014 - 10:39 am

Tea prices in South India have declined by 13.5% to Rs 90 per kg between January and May 2014 as against Rs 104 per kg in the corresponding period last year despite lower production due to extreme weather conditions during this period.


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Posted by on Friday, July 18, 2014 - 10:39 am.
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Cotton prices could fall amidst poor demand from spinning mills

Posted on Friday, July 18, 2014 - 09:39 am

Demand for cotton from domestic spinning mills might decline, with China continuing to reduce yarn imports. According to spinning mills, their low purchasing power has also led to a fall in demand.


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Posted by on Friday, July 18, 2014 - 09:39 am.
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Cotton sowing gains at cost of paddy, groundnut

Posted on Friday, July 18, 2014 - 08:41 am

Cotton growers in Gujarat and Maharashtra, two major growing states in India, are gearing up to bring more area under it with the monsoon reaching the state. The delay in the arrival of monsoon has affected the sowing of paddy and groundnut in Gujarat; farmers are diverting that area to cotton. In some other states, the area earmarked for pulses is also being diverted to cotton, a short-cycle crop.


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Posted by on Friday, July 18, 2014 - 08:41 am.
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Delayed rains lead to higher salt output, prices decline

Posted on Friday, July 18, 2014 - 07:39 am

A deferred monsoon resulting in more production and, thereby, more supply of raw salt has led to prices of the commodity falling 15-30 per cent in recent weeks. From the usual Rs 700-750 a tonne, prices are now Rs 550-600 a tonne, say those in the sector.


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Posted by on Friday, July 18, 2014 - 07:39 am.
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Price stabilisation fund may operate via Nafed

Posted on Friday, July 18, 2014 - 06:39 am

Today’s picks

Nifty, Bank Nifty, Tata Power, Coal India & IDFC


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Posted by on Friday, July 18, 2014 - 06:39 am.
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Crude Turns Up Sharply; Fibonacci Resistance at 104.33

Posted on Friday, July 18, 2014 - 01:38 am

Daily

Crude Turns Up Sharply; Fibonacci Resistance at 104.33

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses


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Posted by on Friday, July 18, 2014 - 01:38 am.
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Zinc rises 0.5% on global cues, spot demand

Posted on Thursday, July 17, 2014 - 21:39 pm

Infra stocks extend rally after RBI eases lending norms

Jaypee Infra, Sadbhav Engg, IRB Infra, Punj Lloyd, ITNL and Kolte Patil are up 5-14% on the Bombay Stock Exchange.


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Posted by on Thursday, July 17, 2014 - 21:39 pm.
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Gold futures down marginally on weak global cues

Posted on Thursday, July 17, 2014 - 20:39 pm

Infra stocks extend rally after RBI eases lending norms

Jaypee Infra, Sadbhav Engg, IRB Infra, Punj Lloyd, ITNL and Kolte Patil are up 5-14% on the Bombay Stock Exchange.


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Posted by on Thursday, July 17, 2014 - 20:39 pm.
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Copper down 0.07% on global cues

Posted on Thursday, July 17, 2014 - 19:39 pm

Markets end flat amid range bound trades

Sensex ended up 11 points at 25,561 and the 50-share Nifty gained 16 points to end at 7,640


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Posted by on Thursday, July 17, 2014 - 19:39 pm.
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Trafigura targets $8 bn Indian metals market with online store

Posted on Thursday, July 17, 2014 - 18:39 pm

Switzerland-based Trafigura has launched an online store in India to sell aluminium, copper and other metals, seeking a slice of the $ 8 billion market and becoming the first big commodities trader to cater to hordes of small manufacturers dotting the country.


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Posted by on Thursday, July 17, 2014 - 18:39 pm.
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Silver falls 0.41% on weak global cues

Posted on Thursday, July 17, 2014 - 17:41 pm

Markets end flat amid range bound trades

Sensex ended up 11 points at 25,561 and the 50-share Nifty gained 16 points to end at 7,640


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Posted by on Thursday, July 17, 2014 - 17:41 pm.
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Cardamom up 0.7% as demand picks up

Posted on Thursday, July 17, 2014 - 16:39 pm

Ahluwalia Contracts surges 20% in three days on Rs 615 crore fresh orders

Today, the stock surged 10% to Rs 126 on back of heavy volumes on the National Stock Exchange.


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Posted by on Thursday, July 17, 2014 - 16:39 pm.
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Lead up 0.1% on spot demand

Posted on Thursday, July 17, 2014 - 15:39 pm

Ahluwalia Contracts surges 20% in three days on Rs 615 crore fresh orders

Today, the stock surged 10% to Rs 126 on back of heavy volumes on the National Stock Exchange.


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Posted by on Thursday, July 17, 2014 - 15:39 pm.
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