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The big news

Where to invest in stock market today?

15 September 2014

 

Where to invest in stock market today?

Equity Calls   : 15-Sept-2014

 

Analyst

Share

Trade

Initiate

Stop Loss

Target

   

Hindalco

Sell

168

171

159

     

R K Arora,CEO, Smart Equity

   

Adani Port

Buy

294

285

350

     

Harish Kapoor, Director, VR Investments

 

Disclaimer: Kindly remember the trading call is Analyst opinion based on his/her research. Market Times/Analyst is not responsible for any losses which may or may not arise.

 


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Earn before closing from equity market

12 September 2014

Equity in next 1 hour   : 12-Sept-2014

 

Analyst

Share

Trade

Initiate

Stop Loss

Target

   

Cipla

Buy

582

578

595

     

R K Arora,CEO, Smart Equity

   

Ashapura MineChem

Buy

71

68

125

     

Harish Kapoor, Director, VR Investments

 

Disclaimer: Kindly remember the trading call is Analyst opinion based on his/her research. Market Times/Analyst is not responsible for any losses which may or may not arise.

 


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India will oust China as top cotton producer this year: USDA

12 September 2014

India will be the world's No. 1 cotton grower this year, ousting China from the top spot for the first time in over 30 years, U.S. government said on Thursday, reflecting a dramatic shift in global supplies amid uncertainty over Beijing's farm policy.

If the projections by the U.S. Department of Agriculture (USDA) are accurate, it will mark the end of China's dominance of the global cotton market just as Beijing scraps its stockpiling program. The state reserve's purchasing has supported the country's farmers and boosted global prices for the past three years.

It also comes as the country's textile industry loses its competitive edge with soaring labor and raw material costs forcing some yarn makers to shift production overseas.

The estimate also marks the first official nod from the USDA, whose crop estimates are often used as a benchmark across global agricultural markets, to an inflection point in world cotton supply and demand.

The switch by the two top growers had been expected after Chinese farmers cut plantings amid uncertainty over the state support program and a planting frenzy in India since August after a late monsoon favored growing conditions. (Graphic: reut.rs/1qHISxi)

But shrinking local output will force China's mills to import more foreign supplies once they have eaten through inventories that have swelled to over 60 million bales.


"We're at the beginning of this transition where China will use its stocks, and in four or five years, they may become a big net importer again," said Peter Egli, director of risk management at British merchant Plexus Cotton Ltd.

While China's acreage is expected by many traders and analysts to be on a long-term downtrend, farmers in India may be protected by government support programs.

In its report on Thursday, the USDA hiked its estimate for India by 1 million bales to 30 million 480-lb bales of cotton for the 2014/15 crop year that began on Aug. 1.

That would be down from the country's estimated 2013/14 output of 31 million bales, but high enough to propel the country into top spot for the first time since USDA records began in 1966.

China, which has been the largest producer for over 30 years, is projected to cut output for a second straight year with output of 29.5 million bales this year, down from 32 million bales last season.

Output peaked at 37 million bales during the 2007/08 crop year and production has hovered near those high levels since the government in 2011 launched a stockpiling initiative that kept local prices high, drove huge demand for imports, and caused the nation's inventories to balloon.

India's output meanwhile took off sharply in the early 2000s. The country surpassed the United States as the world's second-largest producer in the 2005/06 season.

"It's not been a question of if India will become No. 1. It's been a question of when," Egli said. 

 


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CBOT Soybean Trading Below $10

11 September 2014

Chicago's best-traded soybean futures contract trading below $10 a bushel for the first time, weighed by growing confidence in a huge US harvest, crossing a rubicon some analysts believe could signal a further strong price decline.
November soybean futures touched $9.87 a bushel on Wednesday, the lowest ever level for the contract
The decline reflected reduced concerns that cooler US temperatures later this week will bring widespread frost to the Midwest, potentially ending prematurely development of a crop which is lagging in its maturity, while early results from the South remain strong.
'Highest rating in 20 years'
Indeed, the US Department of Agriculture overnight rated the crop at 72% "good" or "excellent", a historically high number.
"Soybean crop conditions are the highest in 20-years, matching 1994," said Terry Reilly at Chicago broker Futures International.
The USDA is expected later this week to raise its forecast for the US soybean yield from the current forecast of a record 45.4 bushels per acre, with investors expecting an upgrade to 46.3 bushels per acre.
And hopes are high for South American soybean crops too, with AgroConsult on Monday lifting to 95.1m tonnes its forecast for the Brazilian crop harvested early in 2015, and 56.6m tonnes for Argentina.


Read More...

Malaysia palm oil stocks in August above 2mil tonnes

10 September 2014

Malaysia's palm oil inventory rose above the two million tonnes level in August, which was the first time for 2014.
The Malaysian Palm Oil Board (MPOB) said on Wednesday the inventory rose 21.9% to 2.05 million tonnes from the 1.68 million tonnes in July.
Slowing export demand has resulted in increase in palm oil inventory apart from a rise in production. Malaysian output has swollen mainly due to a crop-friendly weather. Overall this would imply that the sellers in the derivative/futures market shall continue to have weekend parties in near future.


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Israel offers help in ganga cleaning project

09 September 2014

Israel has expressed interest in sharing its expertise on water purification and waste water treatment under Prime Minister Narendra Modi's pet project for cleaning river Ganga.
The Centre had set a target of three years to rejuvenate the polluted holy river Ganga and has formed an integrated plan 'Namaami Gange' in this regard.
"We have already met the Union Water Resources Minister Uma Bharti and the concerned Secretary few times, we want to be involved. We offered our knowledge, technology and technical know-how (for the project)," Israel's Head of Economic and Trade Mission Yonatan Ben-Zaken told reporters
Speaking on sidelines of a seminar on 'Water Security & Waste Water Management', he said Israel is known for its capabilities and expertise in waste water treatment, purification and water reuse for agriculture and industry.
"We are in talks and we think that cleaning industrial pollutants from the river (Ganga) should be first priority," Yonatan said.
Emphasising on the need to make Ganga rejuvenation a mass movement, Modi had yesterday said the first priority of the Namaami Gange mission should be to prevent fresh generation of pollutants.
Modi was chairing the first high level meeting of the mission.
As many as 11 Israeli companies participated at the seminar, which was a B2B (business-to-business) interaction between Israeli and Indian companies.
The companies included Aqwise, Biopetroclean, Amiad, Ayala Aqua and Nisco.
The 25 Indian companies that were invited for the event included L&T, Punj Lloyd, IVRCL, Essar, Engineers India Ltd (EIL), Bharat Heavy Electricals Ltd (BHEL) and National Thermal Power Corporation


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Investors put in Rs 1 lakh cr in mutual fund schemes in Aug

09 September 2014

Investors have pumped in over Rs 1 lakh crore in various mutual fund schemes in August, making it the second consecutive monthly inflow.
As per the latest data available with the Securities and Exchange Board of India, investors have put in Rs 1,00,181 crore in mutual fund schemes (MF) last month after pouring in a staggering Rs 1,13,216 crore in July.
Prior to that, there was an outflow of Rs 59,726 crore in June.
At gross level, MFs mobilised Rs 43.67 lakh crore in August, while there were redemptions worth Rs 42.67 lakh crore as well. This resulted in a net inflow of over Rs 1 lakh crore.
This significant level of funds mobilisation has also led to increase in the total assets under management of MFs that surged to Rs 10.12 lakh crore as on August 31, from Rs 10.06 lakh crore in the previous month.
According to market analysts, investors have put in most of the money in equity mutual fund and equity-linked savings schemes.
MF is an investment vehicle that pools funds from many investors for investing in securities such as stocks, bonds, money market instruments and similar assets.
The strong inflow in MF schemes coincided with a gain in BSE's benchmark Sensex by around three per cent last month.
Overall, during the current financial year so far (April-August), MF on a net basis have mobilised around Rs 3 lakh crore as compared to Rs 53,783 crore garnered in the entire 2013-14 fiscal.


Read More...

Origo Commodities partners with PNB to finance farmers, MSMEs

08 September 2014

Origo Commodities, which is into post-harvest management services, today said it has signed an agreement with the Punjab National Bank for providing finances to farmers and MSMEs against warehouse receipts.
Punjab National Bank has entered into a Memorandum of Understanding (MoU) with Origo Commodities India Pvt Ltd for warehouse receipt financing and is targeting to disburse Rs 500 crore this fiscal.
"Under this MoU, PNB, through warehouse receipts issued by Origo, will cater to the needs of MSMEs and farmers by providing financing against a pledge of agricultural commodities," Origo Commodities said in a statement.
"Both MSMEs and farmers are expected to benefit greatly from this association as Origo and PNB target a disbursement of over Rs 500 crore in the current financial year under this tie up," it added.
The MoU has been signed on a pan-India basis, but there would be a significant focus in southern India.
Origo Commodities is a post-harvest solutions and warehouse management services company in India. It currently operates 300+ warehouses and has over 3.5 million tonnes of commodities with value of USD 1.5 billion under management.
Its services include commodity handling, collateral management and procurement services to farmers, producers, processors and corporate houses.
"This initiative would help change the dynamics of commodity supply chains at the farmer level by creating the opportunity for farmers to fetch a higher price for their produce and protect them from the hassles of distress selling," said, SS Bhatia, GM, MSME, PNB.
MSME financing would help create agriculture and allied infrastructure at rural level and would support farmers and MSME entrepreneurs, he added.
Commenting on the tie-up, Origo Commodities Director Mayank Dhanuka said the association with PNB would help the company reach wider and diversified markets and play a significant role in transforming the rural supply chains.


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Negligible progress in dues recovery from NSEL defaulters: FMC

08 September 2014

Scam-hit National Spot Exchange Ltd has made only a neglible progress in recovery of dues from defaulters, the commodity markets regulator Forward Markets Commission (FMC) has said.
"The Commission has noted that depletion of human resources, lack of financial resources and weak organisational structure at NSEL has posed a major impediment in the recovery process and consequently contributed to negligible progress in recovery of dues by NSEL from the defaulting members," FMC said in a its latest circular.
Recently, FMC had reviewed the progress of recovery of dues from defaulters. The regulator noted that not much progress was made in recovery of dues based on the feedback received from the Monitoring and Auction Committee (MAC), set up to oversee disposal of assets of defaulters on NSEL, it said.
This was communicated while informing NSEL about its decision to wind up the MAC.
Since a three-member committee has been appointed by the High Court to ascertain the dues payable by each defaulter and to recover these, MAC has been wound up with immediate effect, the regulator said.
There was "no need any more to continue with the MAC' as most of the assets of defaulters have been attached by the Economic Offences Wing of Mumbai Police and the same are to be disposed by a legal authority set up under the Maharashtra Protection of Interest of Depositors (in financial establishments) Act, it said.
Some more assets belonging to the defaulters have reportedly been attached by the Enforcement Directorate and are being dealt with under separate proceedings, it added.
"Under the circumstances, all the attached assets shall be subject to liquidation or auction by the respective authorities under the relevant laws," FMC said.
The commodity exchange, a subsidiary of the Jignesh Shah-led Financial Technologies India Ltd, has recovered so far about Rs 360 crore of dues from defaulting members out of the total outstanding amount of Rs 5,689 crore.


Read More...

Panel to submit report on new gas pricing formula by Wednesday

08 September 2014

A four-member panel of secretaries will submit its report on a new gas pricing mechanism by Wednesday, Oil Secretary Saurabh Chandra said today.
The government had last month constituted a committee comprising of secretaries of power, fertilizer and expenditure with additional secretary in the oil ministry as its member secretary, to hold extensive consultations with stakeholders, primarily gas consumers and producers.
"We hope to get it (committee report) by the 10th (of September)," Chandra told reporters on sidelines of the PetroFed Awards function here.
The Cabinet Committee on Economic Affairs had on June 25 deferred by three months the implementation of a formula approved by the previous UPA government which would have doubled gas price to USD 8.4 per million British thermal unit.
The Rangarajan formula, approved by the UPA government, was to be implemented from April 1 but was deferred by three months as general elections were announced. The NDA government on June 25 postponed its implementation by a further three months pending a comprehensive review.
"The (Oil) Minister (Dharmendra Pradhan) has already made a statement on the floor of the Parliament that a new pricing formula will be announced by September 30 and we will stick to that," Chandra said.
Pradhan had told the Parliament last month that the NDA government decided to review the pricing formula keeping in mind public interest and recommendations of the Parliamentary Standing Committee.
Parliamentary Standing Committees on Finance as well as Petroleum had called for a review of the formula suggested by the Dr C Rangarajan headed panel, saying gas price should have some linkage with the cost of production.
According to the Oil Ministry, the cost of gas production varies between USD 1.86 per mmBtu to USD 4.31 per mmBtu but a cost-plus price would be perceived negatively by the market.
Doubling of gas rates would have led to increase in cost of urea, power and CNG.
Every dollar increase in gas price will lead to a Rs 1,370 per tonne rise in urea production cost and a 45 paise per unit increase in electricity tariff (for just the 7 per cent of the nation's power generation capacity based on gas).
Also, there would be a minimum Rs 2.81 per kg increase in CNG price and a Rs 1.89 per standard cubic metre hike in piped cooking gas.
The increase in gas price would bring windfall for the government -- about USD 2.08 billion (Rs 12,900 crore) from additional profit petroleum, royalty and taxes accruing from doubling of gas rates, the ministry estimates.
In their submission to the secretaries panel, energy producers have demanded a natural gas pricing policy that is "legitimate, relevant and credible" to maintain investor interest in Indian E&P sector.
State-owned ONGC in its submissions stated that it needs USD 6-7.15 to break-even on gas it plans to produce from its most prolific KG basin block and a price of between USD 5.25 to USD 17.80 per mmBtu to break-even on production planned from seven small and marginal fields in the western offshore.


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MANDI/SPOT PRICE

Gold(Mumbai) 27,550 [-375] Gold(Delhi) 27,525 [-425] Gold(Chennai) 27,625 [-325]Gold(Jaipur) 27,500 [-450] Gold(Ahmdabad) 27,525 [+500] Silver(Delhi) 42,000 [-1025Silver(Mumbai) 42,100 [-1025] Silver(Chennai) 42,300 [-1200] Silver(Jaipur) 41950 [-1375Silver(Ahmdabad) 41950 [-1375Chana(Rajkot) 2,550 [-50Chana(Bikaner) 2,715 [-8]Dhaniya(Rajkot) 10,000 [+250] Jeera(Rajkot) 9,425 [+155] Mustard Seed(Rajkot) 3,000 [-50]  Mustard Seed(Saharanpur) 3280 [00] Maize(Rajkot) 1,300 [+50] Wheat(Nokha) 1297 [00] Guar Seed(Bikaner) 5506 [00]

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COMMODITY INTRADAY CALL

Midday Trading Call   : 19-Sept-2014

 

Analyst

Commo/Curr

Trade

Initiate

SL

TGT

 
Tarun_SatsangiHeadResearchGlobeCapital.jpg

Turmeric (Oct)

Sell

6,050

6,200

5,700

 
 
 

Tarun Satsangi, Head Research Globe Capital

 
Rupa_mehtaSmriti_Commodities.jpg

Coriander

(Oct)

Sell

11,650

11,780

11,480

 
 
 

Rupa Mehta, Smriti Commodities

 
Shriram_Pitre_Sr.V.P_Anandrathi.jpg

Crude Oil (Oct)

Sell

5615

5665

5510

 
 
 

Shriram Pitre, Sr.V.P, Anandrathi

 
Harish.png

Natural Gas(Oct)

Sell

247

252

237

 
 
 

Harish Galipelli, V.P,Inditrade Derivative and Commodities Ltd.

 
Aurobindoprasad.jpg

Chana (Oct)

Buy

2820

2780

2870

 
 
 

Aurobinda Prasad, Head Research, Karvy Comtrade

 

Disclaimer: Kindly remember the trading call is Analyst opinion based on his/her research. Market Times/Analyst is not responsible for any losses which may or may not arise.

 

 

 

 

The price of rice is still even though arrival has increased in country’s major market yards. The

Equity Calls   : 17-Sept-2014   Analyst Share Trade

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