February 5, 2024
by

Agri-Commodity Update – 05-Feb-2024* *Domestic Agri-Future market Update* # NCDEX Turmeric Apr* recover strongly during the day after it fall in the morning session. Turmeric prices is supported on expectation of lower production this season. # *NCDEX Jeera Feb* down about 2% in today’s trade as market is expecting bumper crop this season but good physical demand may keep prices above 26,180 levels. # *NCDEX Dhaniya Apr* fall more than 2% today but then took support near 7730 levels and recovered to trade near 7800 levels. Production is expected to be lower due to less area in Gujarat and Rajasthan. # *NCDEX Castor Feb* slipped to 2-weeks low due to improving supplies in the physical market. # *NCDEX Cocud Feb* traded lower on selling pressure at higher levels. Improving kapas arrivals putting pressure on prices in 2024. # *NCDEX Guar seed Mar* down 1.70% due to selling pressure amid lower export demand for Guar gum. Exports down 6% to 3.08 lakh tonnes Vs 3.28 lt last year during Apr-Dec period. # *NCDEX Kapas* trading under pressure near 1481 levels as physical arrivals reaching record highs last week at daily average arrivals of 1.91 lakh bales # *MCX Cottoncndy Mar* trading little higher near 57,760 levels. *International Market Update* # ICE Cotton is trading moderately higher as it trading near 3-month high due to robust export volumes from the US. # US soybean continue to trade under pressure weigh down by diminishing export demand from the US. # Hot Weather and Dryness Hurt Argentina Soy;86% of soy is in a fair, good or excellent condition, down from 92% last week # Brazil 2023/2024 soybean crop forecast lowered to 150.35 mln T – StoneX # Malaysian palm oil futures recouped early losses on Monday to trade 1% high, with concerns of lower January output and a weaker ringgit countering weakness in rival edible oils

Agri-Commodity Update – 05-Feb-2024* *Domestic Agri-Future market Update* # NCDEX Turmeric Apr* recover strongly during the day after it fall...

Please follow and like us:
fb-share-icon
Tweet
Pin Share
February 5, 2024
by

Economic Events JAPAN Services PMI (Jan) (06:00): Actual 53.1 Forecast 52.7 Previous 51.5 CHINA Caixin Services PMI (Jan) (07:00): Actual 52.7 Forecast 53.0 Previous 52.9 INDIA Nikkei Services PMI (Jan) (10:30): Actual 61.8 Forecast 60.0 Previous 59.0 UK Composite PMI (Jan) (15:00): Actual 52.9 Forecast 52.5 Previous 52.1 Services PMI (Jan) (15:00): Actual 54.3 Forecast 53.8 Previous 53.4 EUROPE German Trade Balance (Dec) (12:00): Actual 22.2B Forecast 19.0B Previous 20.4B German Composite PMI (Jan) (14:25): Actual 47.0 Forecast 47.1 Previous 47.4 German Services PMI (Jan) (14:25): Actual 47.7 Forecast 47.6 Previous 49.3 Services PMI (Jan) (14:30): Actual 48.4 Forecast 48.4 Previous 48.8 S&P Global Composite PMI (Jan) (14:30): Actual 47.9 Forecast 47.9 Previous 47.6 PPI (YoY) (Dec) (15:30): Actual -10.6% Forecast -10.5% Previous -8.8% PPI (MoM) (Dec) (15:30): Actual -0.8% Forecast -0.8% Previous -0.3%

Economic Events JAPANServices PMI (Jan) (06:00): Actual 53.1 Forecast 52.7 Previous 51.5 CHINACaixin Services PMI (Jan) (07:00): Actual 52.7 Forecast...

Please follow and like us:
fb-share-icon
Tweet
Pin Share
February 2, 2024
by

stock updates TVS Motor The company reported January sales at 3.39 lakh units, up 23% YoY and motorcycle sales at 1.55 lakh units, up 29% YoY. The company’s EV sales stood at 16,276 units, up 34% YoY and total exports at 69,343 units, up 22% YoY Hero MotoCorp The company reported total sales at 4.33 lakh units, up 22% YoY and exports at 12,664 units, up 75% YoY for January. The company’s motorcycle sales stood at 4.02 lakh units, up 21% YoY NMDC The company reported sales at 4.56 MT up 19% YoY and production at 4.54 MT up 8.1% YoY for January Dixon Technologies Nirupam Sahay resigned from the position of president and chief operating officer with immediate effect Sheela Foam Ltd The Company has completed the sale of a piece of land and building situated at Gautam buddha Nagar Rs. 22 Crores Bajaj Electronic Electronics Mart India Limited has commenced the commercial operation of two new Multi Brand Stores under the brand name ‘BAJAJ ELECTRONICS’ on 1st February 2024 Tata Consumer The Board of Directors of the Company, to acquire 100% of the issued equity share capital of Capital Foods Private Limited in a phased manner Bata The Board of Directors of the company accorded its in‐principle approval for monetizing the Company’s freehold industrial land admeasuring approximately 11.54 acres situated in Faridabad Firstsource Solution The company Debuts on Dow Jones Sustainability Index with a 96th Percentile Rating MGL The Company has acquired 100% equity shares of Unison Enviro Private Limited (UEPL) through purchase of shares from its existing shareholders at a cash consideration of Rs. 562.09 Crore Accordingly, UEPL has become Wholly-Owned Subsidiary of the Company FSN E-Commerce Ventures The company will invest $2.5 million into Nysaa Beauty LLC for operational support

stock updates TVS Motor The company reported January sales at 3.39 lakh units, up 23% YoY and motorcycle sales at...

Please follow and like us:
fb-share-icon
Tweet
Pin Share
February 1, 2024
by

Finance Minister Nirmala Sitharaman in #BudgetSpeech – Close to achieving target of 3 crore houses under #PMAwaasYojana – Grameen – Rooftop solar project to give 1 crore households 300 units of free electricity per month – Aim to make 2 crore houses in next 5 years under #PMAwaasYojana – Grameen

Finance Minister Nirmala Sitharaman in #BudgetSpeech – Close to achieving target of 3 crore houses under #PMAwaasYojana – Grameen –...

Please follow and like us:
fb-share-icon
Tweet
Pin Share