Ripples Advisory News Update's

PNB Housing said its board of directors recommended a final dividend of Rs 9 per equity share for 2018-19.

Shares of PNB Housing Finance rallied almost 5 percent intraday on May 10 after the company reported a 51 percent jump in its consolidated net profit at Rs 379.77 crore for the fourth quarter ended March 2019, compared to Rs 251.58 crore in the year-ago period.

The company in its BSE release said that its total income during the quarter rose to Rs 2,148.19 crore, up by 31 percent against Rs 1,638.48 crore in the corresponding quarter of 2017-18.

PNB Housing said its board of directors recommended a final dividend of Rs 9 per equity share for 2018-19.

At 0943 hrs, PNB Housing Finance was quoting Rs 729.50, up 4.51 percent on the BSE.

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Nickel futures jumped over 1 % during evening trade in the domestic market on Monday as investors and speculators extended their positions in the industrial metal on increase in demand from consuming industries in the spot market amid a firm overseas trend. Further, nickel prices were also buoyed after China reported better-than-expected trade data for January as demand picked up both at home and abroad. 

 

At the MCX, nickel futures for February 2017 contract is trading at Rs 719.60 per kg, up by 1.24 per cent, after opening at Rs 713, against a previous close of Rs 710.80. It touched the intra-day high of Rs 720.70.

 

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       Metals Tonnes Change 

Aluminum          2237500 -7900

 

Copper                251525 -3200

 

Nickel                 382584 -660

 

Lead                   188825 -75

 

Zinc                    384175 -1050

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• कॉपर एमसीएक्स: खरीदें - 408, स्टॉपलॉस - 404, लक्ष्य - 414.
• नैचुरल गैस एमसीएक्स: बेचें - 204.1, स्टॉपलॉस - 197, लक्ष्य - 206.

Conab released their first survey results concerning the 2016/17 safrinha corn crop in Brazil. They estimated that the safrinha corn acreage would increase 4.7% from 10.53 million hectares in 2015/16 to 11.03 million hectares in 2016/17. The top four states for safrinha corn acreage in 2016/17 are: Mato Grosso with 36.6% of the total, Parana with 20.7%, Mato Grosso do Sul with 15.0%, and Goias with 11.4%. These four states will account for 83% of the total safrinha corn acreage in Brazil.

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Conab is estimating that the safrinha corn yield will be 5,310 kg/ha (81.7 bu/ac), which is 37.5% more than the 3,861 kg/ha (59.4 bu/ac) produced in 2015/16. This is the same yield increase they have been using for several months. The total safrinha corn production is estimated at 58.59 million tons or 44% more than the 40.67 million tons produced in 2015/16. If verified, the safrinha corn crop would represent 67% of Brazil's total corn production. 

 

Conab increased their estimate for the full-season corn crop slightly from their January estimate. The full-season corn crop in Brazil is now estimated at 28.81 million tons, which is 0.4 million tons more than their January estimate.

LME Copper prices averaged at $ 5666 per tonne by the end of December 2016 compared to $ 4629 per tonne by the end of December 2015, up 22 percent. According to preliminary ICSG data, the refined copper market for September 2016 (excluding the adjustment for changes in China's bonded stocks) showed an apparent production deficit of around 15,000 metric tonnes. 

 

When making seasonal adjustments for world refined production and usage, September showed a production surplus of about 25,000 t. The refined copper balance for the first nine months of 2016, including revisions to data previously presented, indicates a production deficit of around 84,000 tonnes. This compares with a production deficit of around 28000 tonnes for the same period of 2015. In the first nine months of 2016, world apparent refined usage is estimated to have increased by around 3% (565000 tonnes) compared with that in the same period of 2015 mainly due to 

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Chinese apparent demand as world usage excluding China remained essentially unchanged. Chinese apparent demand increased by around 7% in the first nine months of 2016 based on a 2% increase in net imports of refined copper and 7% growth in refined production.

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Copper futures were trading higher during afternoon trade in the domestic market on Friday on the back of a firm overseas trend and increased domestic demand. 

 

Market analysts said besides increased demand from consuming industries, a firm trend in base metals at the LME as strengthening prospects of disruptions at the world s two largest mines threatened to send the market into a global shortage, mainly influenced copper prices at futures trade. 

 

At the MCX, copper futures for February 2017 contract is trading at Rs 395.40 per kg, up by 1.23 per cent, after opening at Rs 392, against a previous close of Rs 390.60. It touched the intra-day high of Rs 395.60.

भारतीय बास्केट के कच्चे तेल की अंतर्राष्ट्रीय कीमत मंगलवार को 54.30 डॉलर प्रति बैरल दर्ज की गई। यह सोमवार को दर्ज कीमत 55.44 डॉलर प्रति बैरल से कम है। पेट्रोलियम एवं प्राकृतिक गैस मंत्रालय के अधीनस्थ पेट्रोलियम नियोजन एवं विश्लेषण प्रकोष्ठ (पीपीएसी) ने बुधवार को यह जानकारी दी।  

 

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रुपये के संदर्भ में भारतीय बास्केट के कच्चे तेल की कीमत मंगलवार को घटकर 3658.08 रुपये प्रति बैरल हो गई, जबकि सोमवार को यह 3725.51 रुपये प्रति बैरल था। रुपया मंगलवार को कमजोर होकर 67.37 रुपये प्रति डॉलर के स्तर पर बंद हुआ, जबकि सोमवार को यह 67.20 रुपये प्रति डॉलर था।