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Axis bank The Competition Commission of India has considered the proposed combination and approved the subscription to 14,25,79,161 equity shares of Max Life by the Bank. KEC International The company has secured new orders of Rs. 816 crores across its various businesses Brigade Enterprise Brigade Group signs a Joint Development Agreement for an Office Space in Whitefield, Bengaluru with a Development Value of Rs.340 Crores. Vedanta Vedanta Aluminium Expands Alumina Refining Capacity to 3.5 million tonnes per annum (MTPA)”. Anup Engineering Board fixed 23rd April 2024 as the Record Date for bonus issue Gufic Biosciences The company has incorporated a wholly owned subsidiary, “VEIRA LIFE FZE,” in Dubai for the marketing, distribution, and sale of pharmaceutical products. GE Power The company received orders worth Rs 774.9 crore from Jaiprakash Power. Suryoday Small Finance Bank The company reported disbursements at Rs 2,340 crore, up 39% YoY in the fourth quarter, gross advances at Rs 8,650 crore, up 41% YoY and total deposits at Rs 7,775 crore, up 50% YoY. RBL Bank The company reported total deposits at Rs 1.03 lakh crore, up 22% YoY as of March 31 and gross advances at Rs 85,640 crore, up 5% YoY. Vodafone Idea The board will meet on April 6 to consider share issuance proposals of equity and/or convertible shares on a preferential basis. L&T Finance Holdings The company reported retail loan book at Rs 80,010 crore in the fourth quarter, up 31% YoY and retail disbursements at Rs 15,030 crore, up 33% YoY
Fri. Apr 12th, 2024

*Agri-Commodity Update – 06-Feb-2024* *Domestic Agri-Future market Update* # *NCDEX Turmeric Apr* crossed above previous day high but could not sustain as it face resistance near 15,950 levels. Turmeric prices is supported on expectation of lower production this season. # *NCDEX Jeera Feb* is moderately higher but trading within the previous session range. traders are expecting bumper crop this season but good physical demand may keep prices in range of 26,000-27,000 levels. # *NCDEX Dhaniya Apr* traded under pressure for the second consecutive day weigh down by lower physical demand. However, production is expected to be lower this season due to less area in Gujarat and Rajasthan. # *NCDEX Castor Feb* slipped to 3-weeks low due to improving supplies in the physical market. # *NCDEX Cocud Feb* is trading under pressure but in a broad range with strong support near 2,430 levels. Improving kapas arrivals putting pressure on prices in 2024. # *NCDEX Guar seed Mar* recover about 1% in today’s trade to 5400 levels but still within the previous session range. Exports down 6% to 3.08 lakh tonnes Vs 3.28 lt last year during Apr-Dec period. # *NCDEX Kapas* continue to trade under pressure near 1480 levels as physical arrivals reaching record highs last week crossing 2 lakh bales per day. # *MCX Cottoncndy Mar* trading moderately higher near 57,600 levels. *International Market Update* # ICE Cotton trading positve today near 4-month highs supported by good export demand for US cotton coupled with strength in the crude oil prices. # Cbot Soybean is trading mostly unchanged near previous day closing. In the previous session it touched 3-year low prices and recovered due to bargain buying. # Export inspections of US soybeans rose by 60.3% to 1.42 mt in the week ending Feb 01: USDA # Brazil´s soybean crop estimate was cut to 156.1 mt from the previous projection of 160.3 mt: Abiove # Soybean harvesting in Brazil remained at a fast pace reaching 16% of the estimated area # Malaysian palm oil futures rose for a second consecutive session on Tuesday, tracking strength in rival edible oils and buoyed by expectations of lower output in the world’s second-biggest producer. # Palm oil stocks were seen falling to 2.14 million metric tons in January, down 6.62% from December : Reuters # Crude palm oil output was seen at 1.37 million tons, an 11.83% decline from the previous month

By earn Feb 6, 2024 #market
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*Agri-Commodity Update – 06-Feb-2024*

*Domestic Agri-Future market Update*

# *NCDEX Turmeric Apr* crossed above previous day high but could not sustain as it face resistance near 15,950 levels. Turmeric prices is supported on expectation of lower production this season.

# *NCDEX Jeera Feb* is moderately higher but trading within the previous session range. traders are expecting bumper crop this season but good physical demand may keep prices in range of 26,000-27,000 levels.

# *NCDEX Dhaniya Apr* traded under pressure for the second consecutive day weigh down by lower physical demand. However, production is expected to be lower this season due to less area in Gujarat and Rajasthan.

# *NCDEX Castor Feb* slipped to 3-weeks low due to improving supplies in the physical market.

# *NCDEX Cocud Feb* is trading under pressure but in a broad range with strong support near 2,430 levels. Improving kapas arrivals putting pressure on prices in 2024.

# *NCDEX Guar seed Mar* recover about 1% in today’s trade to 5400 levels but still within the previous session range. Exports down 6% to 3.08 lakh tonnes Vs 3.28 lt last year during Apr-Dec period.

# *NCDEX Kapas* continue to trade under pressure near 1480 levels as physical arrivals reaching record highs last week crossing 2 lakh bales per day.

# *MCX Cottoncndy Mar* trading moderately higher near 57,600 levels.

*International Market Update*

# ICE Cotton trading positve today near 4-month highs supported by good export demand for US cotton coupled with strength in the crude oil prices.

# Cbot Soybean is trading mostly unchanged near previous day closing. In the previous session it touched 3-year low prices and recovered due to bargain buying.

# Export inspections of US soybeans rose by 60.3% to 1.42 mt in the week ending Feb 01: USDA

# Brazil´s soybean crop estimate was cut to 156.1 mt from the previous projection of 160.3 mt: Abiove

# Soybean harvesting in Brazil remained at a fast pace reaching 16% of the estimated area

# Malaysian palm oil futures rose for a second consecutive session on Tuesday, tracking strength in rival edible oils and buoyed by expectations of lower output in the world's second-biggest producer.

# Palm oil stocks were seen falling to 2.14 million metric tons in January, down 6.62% from December : Reuters

# Crude palm oil output was seen at 1.37 million tons, an 11.83% decline from the previous month

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