Ripples Advisory News Update's: Nifty Futures

The board has recommended a dividend of Rs 12.50 per share i.e. 125 percent for the financial year 2018-19.

Shares of Tata Chemicals rose 6 percent intraday Monday as the company reported a good set of numbers for the quarter ended March 2019.

The company posted a 31 percent jump in its standalone net profit at Rs 230.33 crore in Q4FY19 against Rs 175.20 in the same quarter last year.

Revenue of the company was up 15 percent at Rs 1059.02 crore versus Rs 918.25 crore.

The board has recommended a dividend of Rs 12.50 per share i.e. 125 percent for the financial year 2018-19.

At 11:45 hrs Tata Chemicals was quoting at Rs 589.65, up to Rs 32.15, or 5.77 percent on the BSE.

The share touched its 52-week high Rs 786.95 and 52-week low Rs 550 on 04 May 2018 and 15 February 2019, respectively.

Currently, it is trading 25.15 percent below its 52-week high and 7.1 percent above its 52-week low.

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The Tamil Nadu Agricultural University has advised farmers to take up sowing of sesame.

This major edible oilseed crop is grown in states such as Uttar Pradesh, Rajasthan, Madhya Pradesh, West Bengal and Tamil Nadu.

In Tamil Nadu, sesame is grown in Villupuram, Erode, Thanjavur, Karur, Salem, and Cuddalore districts in all four seasons such as Chithiraipattam, Aadipattam, Karthigaipattam, and Masipattam.

Main varieties cultivated include TMV3, TMV 4, TMV 6, TMV 7 (Brown), Co 1 (black) and SVPR 1(white sesame). About 65 percent of the annual sesame crop is processed into edible oil and 35 percent used in confectionaries.

During the last season (Karthigaipattam), the area under sesame was less compared to the normal area owing to delayed/extended monsoon but the demand for sesame swelled

The ensuing season—Masipattam—would be favorable for sowing sesame, said researchers at the Centre for Agricultural and Rural Development Studies (CARDS), Tamil Nadu Agricultural University after analyzing the price movement at the Sivagiri Regulated Market in Erode district. The farm gate price of quality sesame could range between Rs 57 and Rs 60 a kg, researchers said, advising farmers to take appropriate sowing decisions

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Oil prices fell on Wednesday, weighed down as the US dollar moved further away from three-year lows hit last week.

US West Texas Intermediate (WTI) crude futures were at $61.37 a barrel at 0144 GMT, down 42 cents, or 0.7 percent, from their last settlement. Brent crude futures had dropped 36 cents, or 0.6 percent, from their last close to $64.89 per barrel.

Wang Tao, the Reuters technical commodity analyst, said Brent could fall into a range of $63.92–$64.41 per barrel, as suggested by its wave pattern and a projection analysis.

Traders said the declines were driven by a recovery in the dollar, which potentially hits fuel demand as it makes greenback-denominated oil imports more expensive for countries using other currencies at home.

The dollar steadied against a basket of currencies on Wednesday, having pulled up from three-year lows set last week as traders shaved off some of the bearish bets against the US currency. “The US dollar continues to find a firmer footing,” said Stephen Innes, head of trading for Asia–Pacific at futures brokerage OANDA in Singapore.

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