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Government-owned Food Corporation of India (FCI) says the jute industry’s standard for sacks (also termed gunny bags) has been insensibly diluted, to its loss and that of grain storage.

FCI, a largest consumer of jute, says this has meant problems for the Public the Distribution System (PDS). Each year, the agency buys 0.8-1 million tonnes of sacking, valued at Rs 6,000 crore, on behalf of itself and state procurement agencies.

In a letter to the government’s Jute Commissioner, it has said: “During the last one year, specifications of jute gunny bags have been revised two times, diluting bag weight, breaking strength, etc. Thereby, FCI had to face huge difficulties due to bleeding bags, resistance from PDS authorities and wastage of foodgrain. It is understood that there is (yet another) proposal to use higher proportions of TD-6 twills and other lower grade jute in the manufacture of bags. This could further dilute the quality, making it worse (for storage).”
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कमोडिटीज की बात करें तो इस बीच चने में गिरावट बढ़ गई है। वायदा में इसका दाम 6 हजार रुपये के नीचे आ गया है। दरअसल मंडियों में नई मूंग की आवक शुरु हो गई है और अगले महीने से नई उड़द भी बाजार में होगी। ऐसे में सभी दाल की कीमतों पर दबाव बढ़ गया है। एनसीडीईएक्स पर चने का अक्टूबर वायदा 1.3 फीसदी टूट कर 5990 रुपये के नीचे आ गया है।

उधर सोने का भाव एक साल की ऊंचाई पर है। लेकिन गोल्डमैन सैक्स को इस तेजी पर भरोसा नहीं है। गोल्डमैन सैक्स ने कहा है कि ये तेजी सिर्फ अमेरिका और उत्तर कोरिया के बीच तनाव की वजह से आई है और इस साल के अंत में सोना 1250 डॉलर के आसपास ही रह सकता है। एमसीएक्स पर सोना 0.06 फीसदी की हल्की बढ़त के साथ 30240 रुपये के आसपास कारोबार कर रहा है। वहीं, चांदी 0.2 फीसदी की बढ़त के साथ 41515 रुपये के आसपास कारोबार कर रही है।

इस बीच कच्चे तेल में कल की तेजी पर आज ब्रेक लग गया है। अमेरिका में फिर से समूद्री तूफान की चेतावनी है। ऐसे में इलाके की ज्यादातर रिफाइनरी बंद हो गई हैं। इसकी क्षमता अमेरिका में कुल रिफाइनिंग का करीब 20 फीसदी है। वहीं बेस मेटल में रौनक बढ़ गई है। सभी मेटल बढ़त के साथ कारोबार कर रहे हैं। एमसीएक्स पर कच्चा तेल 0.2 फीसदी की बढ़त के साथ 3130 रुपये के आसपास नजर आ रहा है। वहीं कॉपर और जिंक दोनों 0.6 फीसदी की बढ़त के साथ कारोबार कर रहे हैं।

रिपल्स एडवाइजरी की निवेश सलाह

सोना एमसीएक्स (अक्टूबर वायदा): खरीदें - 30200, स्टॉपलॉस - 29950 और लक्ष्य - 30600

चांदी एमसीएक्स (दिसंबर वायदा): खरीदें - 41500, स्टॉपलॉस - 41150 और लक्ष्य - 42000

कच्चा तेल एमसीएक्स (सितंबर वायदा): खरीदें - 3100, स्टॉपलॉस - 3070 और लक्ष्य - 3150

कॉपर एमसीएक्स (नवंबर वायदा): खरीदें - 447, स्टॉपलॉस - 444 और लक्ष्य - 451

जिंक एमसीएक्स (सितंबर वायदा): खरीदें - 200, स्टॉपलॉस - 198.50 और लक्ष्य - 202.5

निफ़्टी फ्यूचर टिप्स और फ्री ट्रायल के लिए क्लिक करे >> http://www.ripplesadvisory.com/services.php.

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Dynamic ranges' Market Outlook:
Market is expected to stay on the upside, until it goes beneath 9940
Indian Market Outlook:
Remaining week Nifty Index made fresh all time excessive of 10115 and closed above a psychological stage of ten thousand. however this rally may not maintain if Nifty trades under 9944 (previous day low) and small cap trades below 7700 level. FII & professional has created a short position in remaining 10 days for 213259 contracts.

Bank Nifty gave breakout of its psychological stage of 25000 and closed at 24811. remaining week, nine banking stocks have announced their Q1 result out of which yes financial institution and HDFC bank shocked market with rallying 7.59 p.c and a pair of.5 percent after outcome announcement.
The Small Cap Index closed at 7803 after making low of 7701; the Index opened at 7783 and made a excessive of 7894.
Nifty to open hole down by way of 7 points at 10032 in opposition to Friday's shut of 10039 as per SGX Nifty.
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The domestic markets are prone to open lower as Asian inventory markets hunch on Friday after the us know-how shares retreated from latest rallies. The early indicator of NSE Nifty 50 index SGX Nifty, fell 0.74 percent to 9,998.5 as of 0:50 am.

Stocks of L&T, Alembic, Bhageria Industries, Coromandel world, Equitas Holdings, Escorts, Heidelberg Cement, India Cements, Karur Vysya, LIC Housing, NIIT, Oberoi Realty, Shakti Pumps and SKF will in center of attention nowadays in advance of the company income for the April-June quarter.

Stock  to watch out on Friday -

Reliance Industries: the federal government has slapped ONGC, Reliance Industries and Royal Dutch Shell with a demand of USD 3.9 billion (about Rs 25,487 crore) in dues following an arbitration award in its favour, the state-owned firm stated the day prior to this. The demand notice pertains to interpretation of the contract for the Panna-Mukta and Tapti (PMT) oil and fuel fields within the Arabian Sea.
ITC: various conglomerate ITC the day before today pronounced 7.37 per cent upward push in standalone net revenue to Rs 2,560.50 crore for the primary quarter ended June 30, 2017, driven mainly via earnings increase from FMCG and cigarettes business.
ICICI bank: persevering with asset quality woes and lack of two key revenue streams crimped the bottomline of the country’s largest personal sector lender ICICI bank, which yesterday suggested a marginal 3 per cent upward push in June quarter consolidated net at Rs 2,605 crore.

ONGC: India’s biggest oil and fuel producer ONGC the day gone by suggested a eight.2 per cent drop in its June quarter net revenue after sharp discount in natural fuel charges took away gains comprised of greater oil prices. Oil and pure fuel Corp (ONGC) stated a net revenue of Rs three,884.73 crore, or Rs 3.03 a share, in April-June compared to Rs four,232.54 crore, or Rs 3.30 per share, in the identical period of the earlier fiscal, the company stated in a remark.
Punjab national Bank: State owned Punjab national financial institution (PNB) yesterday said it plans to raise as much as Rs 3,000 crore by way of apply on public offer, rights problem or QIP. The board of directors of the financial institution will meet next month to consider the concept, the bank mentioned in a regulatory filing.
Reliance Capital: Reliance Capital has mentioned a 15 per cent upward thrust in consolidated web profit at Rs 238 crore within the first quarter ended June 30, 2017.
Maruti Suzuki: India’s largest carmaker Maruti Suzuki India the day gone by posted over 4 per cent upward push in net profit at Rs 1,556.4 crore for the primary quarter ended June 30 as high commodity prices and GST-related expenses took a toll on its final analysis.
idea: Telecom operator concept mobile the previous day posted a lack of Rs 815.9 crore in the first quarter ended June 30, impacted by using sustained force from disruptive tariffs of Reliance Jio. that is the 0.33 straight quarter loss for the Aditya Birla group agency as it has no longer been able to get well from the power of aggressive tariff struggle caused by Mukesh Ambani-led Reliance Jio Infocomm.
Biocon: Bio-pharmaceutical agency Biocon the previous day said a 51.20 per cent decline in its consolidated web revenue to Rs 81.3 crore for the quarter ended June 30, as a consequence of weakening of the us buck and GST impact. the company had posted a web profit of Rs 166.6 crore for the corresponding quarter of the earlier fiscal, Biocon stated in a BSE filing.
Glenmark Pharma: Glenmark prescribed drugs yesterday mentioned a 47 per cent upward thrust in consolidated net revenue to Rs 333.38 crore for the first quarter ended June, mainly on account of powerful sales in america and India.
Motilal Oswal financial services: Motilal Oswal monetary products and services the day gone by mentioned a 29 per cent bounce in web profits at Rs 101.6 crore, for the first quarter of 2017-18, and saw strong boom throughout its companies together with asset administration.
Tata espresso: Tata espresso the previous day posted a 29.93 per cent drop in consolidated net profit at Rs 44.91 crore in the first quarter ended June on lower earnings.
IDFC: IDFC Ltd the previous day registered a increase of over 65.2 per cent in consolidated web profit at Rs 299.40 crore for the primary quarter ended June 30, 2017.
Dr Reddy’s Laboratories: Dr Reddy’s Laboratories restricted the day prior to this said its consolidated revenue after tax (PAT) for the quarter ended June 30 used to be down through 53 per cent to Rs 59.1 crore (as per IFRS), owing to worth erosion in the usa market and implementation of GST in India.
HDFC: Shares of loan participant HDFC the day before today jumped just about 6 per cent, adding Rs 15,171.66 crore to its market capitalisation, even as the company said a marginal decline in consolidated web profit for the first quarter ended June 30.
Amtek Auto: The nationwide firm legislation Tribunal (NCLT) yesterday appointed an intervening time decision professional to hold out the insolvency technique of debt-ridden auto component maker Amtek Auto, in keeping with a regulatory submitting. The insolvency continuing in opposition to the company, initiated through a consortium of banks led by way of corporation financial institution, has been familiar by using the NCLT.
Indian Markets on Thursday:
The benchmark BSE Sensex retreated from report high levels to shut flat at 32,383.30 because of selling in IT, pharma, oil and gasoline and expertise shares. The Sensex closed marginally greater by way of 0.eighty four level at 32,383.30. right through the day, the barometer rallied over 260 factors to touch fresh excessive of 32,642.91 following buying spree in financials, banks, realty, auto, IT, FMCG and oil and gasoline stocks.
on the other hand, late promoting in blue-chips like Reliance Industries, ITC, Infosys, TCS and Bharti Airtel dragged down the index from the record level to close flat. The 50-share Nifty of NSE scaled all-time excessive of 10,114.85 in day alternate, but closed flat at 10,020.55 as 33 index elements ended with losses.
Indian rupee very best closing: The rupee the day before today staged an improbable comeback after its three—session lustreless alternate and ended at a recent two-and-a-half month high of sixty four.eleven a buck after the us foreign money took an immense knock amid the Fed indicating it's going to maintain a sluggish percent of monetary tightening. The Federal Reserves’ remark came after the 2-day policy meet where the important bank kept key coverage rates unchanged however anticipated to start winding down its enormous bond holdings soon.
The home forex preferred by using an exceptional 26 paise, or 0.40 per cent. that is the best closing for the home foreign money due to the fact could 16, when it had settled at 64.08.
US markets ended on document highs:
Markets are A swoon in know-how and transportation shares led the S&P 500 somewhat lower on Thursday on a day filled with company income reports, however the Dow industrials set a file closing high, helped by means of a leap in Verizon. Twitter shares fell 14.1 percent. The social media platform dissatisfied traders with stagnant month-to-month active person growth. Verizon shares surged 7.7  percent.
The S&P 500 expertise sector used to be the worst performing main group, falling 0.8 % while facebook shares gained 2.9 percent after the social media firm’s outcomes. After the bell, Amazon.com shares fell 2.7 percent after the e-commerce firm’s results.
The Dow Jones Industrial moderate rose 85.54 points, or 0.39 %, to 21,796.fifty five, the S&P 500 misplaced 2.41 points, or 0.10 percent, to 2,475.42 and the Nasdaq Composite dropped 40.56 factors, or 0.63 percent, to 6,382.19. Twitter shares fell 14.1 %. The social media platform disillusioned buyers with stagnant month-to-month active person increase. Verizon shares surged 7.7 percent. The No. 1 U.S. wireless provider’s quarterly revenue topped expectations.
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Here are the stocks to watch out for on Wednesday’s intra-day alternate.
Prestige Estate Projects : the real property player is looking to lift dollars with the aid of divesting stake throughout its business verticals, starting with the industrial and retail portfolios, stated a daily. the company, mentioned to have sounded out some prime private-fairness gamers, has more than one realty companies starting from retail to business to resorts.
Banking stocks: Finance Minister Arun Jaitley these days stated banks have an publicity of Rs 97,681 crore in the telecom sector, which is grappling with financial stress. In a written reply to the Rajya Sabha, Jaitley stated SBI Chairman has mentioned that stress within the telecom sector has reached "extremely unsustainable ranges" due to erosion of topline and salary of the service suppliers, said a daily.
Suzlon Energy: the corporate received order from Alfanar team of 50.forty MW wind power challenge.
Hero MotoCorp: Hero MotoCorp has suggested its Q1FY18 outcomes on Tuesday which stood at (YoY): revenue after tax at Rs 914 crore vs Rs 883 crore (+three.5%). earnings stood at Rs eight,612.9 crore vs Rs eight,010 crore.
TD power methods: the corporate has obtained order of Rs 750 crore from European MNC.
HDFC, PVR and Nestle India: HDFC and Federal financial institution, Bharat financial, Muthoot Finance and L&T Finance, Nestle India and PVR and Inox leisure will announce their quarterly earnings on Wednesday.
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Oil prices fell in Asian trade on Monday, wiping out some of the gains of the previous session amid worries lower growth targets in China could cut oil demand and ongoing concern over Russia's compliance with a global deal to cut oil output. But worries over escalating violence in the Middle East put a floor under prices. Brent crude futures dropped 20 cents, or 0.4%, to $55.70 a barrel as of 0459 GMT after settling 1.5% higher in the previous session. 

U.S. West Texas Intermediate (WTI) crude futures fell 23 cents, or 0.4%, to $53.10 a barrel after closing the previous session up 1.4%. "The main drag affecting markets today is the lowering of growth targets by China and tighter regulatory controls which implies less demand for oil and commodities in general," said Jeffrey Halley, senior market strategist at Oanda brokerage in Singapore.

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Mustard Seed on NCDEX settled up by 0.37% at 3787 tracking weakness in spot demand on expectation of higher supply. With the expectation of good crop in 2016/17, the new season supplies will be at higher size in the country. In addition to that the carryover stocks from last year might be higher as country imported record mustard oil and exported multiyear low mustard meal. 

 

 However, the prices will get some support from the increase in minimum support price (MSP) of Rapeseed & Mustard to Rs. 3,700 per quintal for 2016/17 from Rs. 3,350 per quintal last year. Further the mustard crop is still waiting for harvest the weather will be very crucial in next one month. India's agriculture department in second advance estimated pegged mustard seed crop at 7.912 million tons as compared to 6.797 million tons a year ago. Sources projected new mustard crop between 6.5-7 million tons.

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                Trading Ideas  

Rmseed trading range for the day is 3733-3827.

Mustard seed prices ended with losses tracking weakness in spot demand on expectation of higher supply. 

With the expectation of good crop in 2016/17, the new season supplies will be at higher size in the country. 

Sources projected new mustard crop between 6.5-7 million tons. 

In Alwar spot market in Rajasthan the prices dropped -64.4 Rupees to end at 3922 Rupees per 100 kg. 

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Silver remained in range as market players looked ahead to U.S. President Trump's address to Congress on Tuesday for further details on his promises of tax reform. Investors also looked ahead to a speech by Federal Reserve Chair Janet Yellen on Friday for further hints on the timing of the next U.S. rate hike. In addition, market players will keep an eye out on a revised reading of fourth-quarter U.S.growth data on Tuesday to gauge the strength of the economy. 

 

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Copper ended the session on 27 Feb 2017 at INR 395.05 per kg, up 0.27%. The prices tested a high of INR 395.80 per kg and a low of INR 390.50 per kg. Technical charts suggest that breach above INR 398 and 400 per kg will be beneficial for Copper. Indian Copper was not able to move past important resistance levels of Rs 398 on Monday. 

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 Further appreciation from here can take prices close to INR 400 per kg. On the lower side Rs 392 and 390 per kg are the support levels. Till the prices are able to breach resistances, sell on rise is advisable. Losses are expected in Copper with opening can be near Rs 393 and 394 per kg.

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NCDEX Sugar futures witnessed a lax movement yesterday amid mixed cues from the physical market. The NCDEX March Sugar futures have recently recovered from a three and half week low of Rs 3780 per quintal as traders focused on reports stating an early closure of the sugarcane crushing season this year.

 

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The futures ended at Rs 3810 per quintal, down 0.21% on the day as spot prices managed to stay supported. Spot quotes were around Rs 3940 per quintal in Muzzafar Nagar, flat on the day. Sugar despatched by sugar mills across the country from 1st October 2016 to 31st January 2017, as reported by the sugar mills, is lower by 7.5 lac tons as compared to the sugar despatched in the first 4 months of the previous sugar season 2015-16 SS. The trend of lower sales noticed from October 2016, has continued even in January 2017.

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भारतीय बास्केट के कच्चे तेल की अंतर्राष्ट्रीय कीमत शुक्रवार को 55.18 डॉलर प्रति बैरल दर्ज की गई। यह गुरुवार को दर्ज कीमत 55.48 डॉलर प्रति बैरल से कम है। पेट्रोलियम एवं प्राकृतिक गैस मंत्रालय के अधीनस्थ पेट्रोलियम नियोजन एवं विश्लेषण प्रकोष्ठ (पीपीएसी) ने सोमवार को यह जानकारी दी। 

 

Fore More Update www.ripplesadvisory.com  Miss Call This No.9644405056. 

रुपये के संदर्भ में भारतीय बास्केट के कच्चे तेल की कीमत शुक्रवार को घटकर 3687.76 रुपये प्रति बैरल हो गई, जबकि गुरुवार को यह 3707.99 रुपये प्रति बैरल थी। रुपया शुक्रवार को 66.84 रुपये प्रति डॉलर के स्तर पर बंद हुआ।

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ओपेक की क्रूड उत्पादन कटौती डील के चलते कच्चे तेल में कटौती कायम है जिसके चलते क्रूड के भाव चढ़ गए है। फिलहाल ब्रेंट क्रूड 56 डॉलर पर कारोबार कर रहा है जबकि सोने में रिकवरी आई है और ये 3.5 महीने की ऊंचाई पर टिका हुआ है वहीं ट्रंप के संबोधन पर भी कमोडिटी और करेंसी बाजार की नजरें टिकी हुई है।

 

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कच्चा तेल एमसीएक्स: खरीदें - 3600, स्टॉपलॉस - 3540, लक्ष्य - 3700.

सोना एमसीएक्स: खरीदें - 29550, स्टॉपलॉस - 29400, लक्ष्य - 29800.

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Click Here www.ripplesadvisory.com   Miss Call This No.9644405056.

 

As per second advance estimates for 2016/17, Production of jeera in Gujarat will be 2.21 lt, down almost 11% compared to last year production of 2.38 lt. In the current Rabi season, Gujarat farmers have planted Jeera in 2,78,700 hectares, down by 16,700 hectares compared to last year acreage of 2,95,400 hectares at the same time.

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India's economy is expected to have slowed sharply to a near three-year low in the final three months of 2016, as demand wilted following Prime Minister Narendra Modi's surprise decision to ban high-value currency notes, a Reuters poll of economists showed.

Modi's announcement on Nov. 8 ordering the removal of 500-rupee and 1,000-rupee notes took out around 86 percent of the currency in circulation, putting activity on the skids in a predominantly cash-reliant economy. 

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The poll of 30 economists taken over the past week showed India's gross domestic product growth slowed to 6.4 percent annually in the October-December quarter. Several economists were uncertain about the full impact of the currency ban.

In July-September, India's economic growth had accelerated to 7.3 percent from a year ago, making it the fastest-growing major economy in the world. That title will be lost to China if the Reuters consensus is met, putting the country's growth at its lowest since March 2014, with China's economy having grown 6.8 percent during the same period. 

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http://www.ripplesadvisory.comAccording to statistics showed in 2016, Peru produced 7.763 million tons of iron ore, increased by 6%, to 442,000 tons compared with the same period of 2015. In December of 2016, the country's iron ore production totaled 583,000 tons, increased by 22.1% compared with the same period of 2015. Production remained normal, but after December of 2012, the production was 634,000 tons since in December of 2016, the country's iron ore production reached to the second highest level in the past few years.

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Yieh United Steel Corp. (Yusco), the largest integrated stainless steel mill in Southeast Asia, has announced to hike its export prices by US$60~70/ton for stainless steel products for March. 

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Meanwhile, Yusco decided to remain its domestic prices for 300 and 400 grades stainless steel products unchanged for March. Yusco increased its export prices the main reason is due to higher production costs adjustment accordingly.

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As per the International Grains Council (IGC), the forecast for global total grains production to 2.102 billion tonnes, up from 2.094 billion tonnes in January, and up from 2.006 billion in 2015-16. If realized, it would be the first time output has exceeded 2.1 billion tonnes. Total consumption was raised to 2.069 billion tonnes from 2.062 billion tonnes.

The IGC forecast world wheat production in 2016-17 at 752 million tonnes, unchanged from January and compared with the record outturn of 737 million tonnes in 2015-16. World wheat ending stocks were forecast at a record 236 million tonnes, up from 235 million tonnes in January and up 15 million tonnes from 221 million tonnes in 2015-16.

 

The IGC forecast 2016-17 maize production at 1.049 billion tonnes, up from 1.045 billion tonnes in January and compared with 973 million tonnes in 2015-16. The consumption projection was raised to 1.035 billion tonnes from 1.028 billion tonnes in January.Improved weather in South America led the IGC to raise its forecast for world soybean production, to 336 million tonnes, from 334 million in January. The consumption projection, meanwhile, was raised to 334 million tonnes from 333 million. The IGC said global trade is expected to increase to 139 million tonnes.

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Maize on NCDEX settled down by -0.63% at 1412 tracking weakness in spot demand and overseas prices. Mexico's attempts to diversify its supplies of corn could threaten a crucial market for U.S. farmers who are increasingly dependent on exports to unload record stockpiles that are depressing prices. Mexico buys nearly all its corn imports from the United States - shipments that totaled 13.603 million tonnes in the year ending Aug. 31, 2016. The sales account for about 28 % of total U.S. corn exports, according to the U.S. Department of Agriculture.fore more update www.ripplesadvisory.com

         Trading Ideas

*Maize trading range for the day is 1397-1425. 

*Maize prices dropped tracking weakness in spot demand and overseas prices. 

*At Nizamabad market in Andhra Pradesh estimated market supply was at 2000 Qtl, higher by 1000 Qtl from previous day’s arrivals. 

*Traders await fresh acreage forecasts from the U.S. Department of Agriculture's annual outlook forum this week. 

*In Nizamabad maize spot prices dropped -1.85 Rupees to 1476.65 Rupees per 100kgs.
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Aluminium futures fell over 1 per cent during morning trade in the domestic market on Thursday as investors and speculators remained on the sidelines in the industrial metal amid muted physical demand for aluminium at the domestic spot market.

Aluminium trading range for the day is 123.9-127.3.Aluminium gained as prices recovered on short covering despite of concerns that Chinese supply is rising. Chinas home price growth slowed for the fourth straight month as demand cooled further in the biggest cities, official data showed.Aluminum daily stocks at Shanghai exchange came up by 401 tonnes.

At the MCX, aluminium futures for February 2017 contract is trading at Rs 124.60 per kg, down by 1.15 %, after opening at Rs 125.50, against a previous close of Rs 126.05. It touched the intra-day low of Rs 124.50.

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More Update www.ripplesadvisory.com.

Crude oil corrected heavily yesterday as elevated US inventories triggered a profit selling spree, pulling prices off their multi month highs. Crude-oil prices on Wednesday finished lower, snapping a three-session string of gains. West Texas Intermediate crude oil futures on the New York Mercantile Exchange pared 1.4%, to settle at $53.59 a barrel.

 

 The counter has edged up in Asia, adding nearly one dollar to reclaim $54 levels though the overall undertone now remains choppy ahead of the EIA weekly update later on today. MCX Crude oil futures closed down nearly 2% at $3598 per barrel yesterday. The counter should rise near its previous session high of Rs 3662 levels today. 

 

Crude oil has been well supported after OPEC said it was sticking to its agreement to cut production and hoped compliance with the deal would be even higher ( than the existing 90%). Meanwhile, global commodity giant BHP Billiton also sounded upbeat on oil prices in its latest earnings release today. Crude oil prices trended higher in the first half of the 2017 financial year, particularly in the second quarter. OPEC reversed course on 30 November 2016 by agreeing to its first production cut since 2008 and the first cooperative deal with non-OPEC producers since 2001. These developments, and improving fundamentals, led to the price recovery.

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