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Here is what to expect from Ajay Tyagi#39;s first board meet as Sebi Chairman

Watch CNBC-TV18’s Manisha Gupta detailing about what we can expect from Ajay Tyagi, the new Sebi Chief, in his first board meet. Also watch Kishore Narne, Associate Director and Head of Commodity & Currency at Motilal Oswal Commodites sharing his views on the same.

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Crudeoil to trade in 3137-3217: Achiievers Equities

Achiievers Equities’ commodity report on Crudeoil Crudeoil trading range for the day is 3137-3217. Crude oil dropped as doubt swirling over OPEC’s ability to force global crude inventories to drop, sentiment has turned more bearish. Crude oil inventories unexpectedly rose 900,000 barrels at the end of last week, the American Petroleum Institute (API) showed. Russia said its oil output could climb to the highest rate in 30 years if

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Silver to trade in 39864-41364: Achiievers Equities

Achiievers Equities’ commodity report on Silver Silver trading range for the day is 39864-41364. Silver dropped despite a slump in the dollar, as investors continued to favour riskier assets for the second straight day. U.S. consumer confidence fell from a more than 16-year high in April, but new home sales surge to an eight-month high. Holdings at ishares silver trust gained by 0.61% i.e. 6183 tonnes to 10181.70 tonnes

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Expect Turmeric to trade higher: Angel Commodities

Angel Commodities’ report on Turmeric NCDEX Turmeric prices closed higher due to steady demand in the physical market. The trend is little up on lower arrivals and steady increase in demand at lower levels. Turmeric arrivals in the country is declining in first 20 days in April to 66,025 tonnes (Apr 1-20) compared to 1,15,768 tonnes during the same period in March, as per the Agmarknet data. Outlook

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Expect Cotton futures to trade lower: Angel Commodities

Angel Commodities’ report on Cotton Cotton futures on MCX closed lower on third successive trading session on reports of healthy supplies through imports due to strong rupees. The domestic cotton arrivals in the first 25 days in April are higher by 59% on year at 2.32 lakh tonnes (lt) compared to 1.46 lt last year, as per Agmarknet data. Outlook We expect cotton futures to trade lower

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Expect Sugar prices to trade sideways to lower: Angel Commodities

Angel Commodities’ report on Sugar Sugar Futures closed lower on Tuesday on anticipation of higher availability of sugar as government extends curbs on holding of sugar stocks by six months for the sugar dealers and traders. Meanwhile, as per trade sources, Maharashtra’s sugarcane acreage in 2017-18 (Jul-Jun) is likely to rise 29% on year to 900,000 ha. As per USDA, India’s centrifugal sugar production in marketing year (MY)

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Expect Soybean prices to trade sideways: Angel Commodities

Angel Commodities’ report on Soybean Soybean May futures see a steep fall of 2% on Tuesday due to long liquidation on anticipation of lower demand by the market participants at higher levels. The open interest too decline by 7500 tonnes. As per Agmarknet, arrivals of soybean during Apr 1- 25 is 2,32,853 tonnes while during in Mar it was about 2,83,644 tonnes during same time frame. Outlook

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Jeera futures may trade higher: Angel Commodities

Angel Commodities’ report on Jeera Jeera May futures closed higher on Tuesday on anticipation of better export prospects in coming months after the three successive days of decline. Recently, Gujarat Agriculture Department in its 3rd advance estimates for 2016/17 has revised down the production estimates to 2.12 lt, down 4% from its 2nd estimates and almost 11% compared to last year production of 2.38 lt. Outlook We

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Turmeric to trade in 6144-6300: Achiievers Equities

Achiievers Equities’ commodity report on Turmeric Turmeric trading range for the day is 6144-6300. Turmeric prices traded in the range and settled flat due to lower demand and the supplies too reduced. At Nizamabad market arrivals were reported at 12000 quintals, down by 10000 quintals as against previous day. NCDEX accredited warehouses turmeric stocks gained by 189 tonnes to 3685 tonnes. BUY TURMERIC MAY 2017 @ 6200 SL 6040

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Jeera to trade in 18620-19860: Achiievers Equities

Achiievers Equities’ commodity report on Jeera Jeera trading range for the day is 18620-19860. Jeera prices ended with gains on rising exports demand at the spot market. Gujarat Agriculture Department in its 3rd advance estimates for 2016/17 has revised down the production estimates to 2.12 lt. NCDEX accredited warehouses jeera stocks gained by 33 tonnes to 936 tonnes. BUY JEERA MAY 2017 @ 19350 SL 19200 TGT 19480-19650.NCDEX. Disclaimer:

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