Market updates

A

aishjoe

Member
SENSEX closed down 189 points at 27878.27, Nifty closed at 8477.30 down 0.48%. overall market breadth was mixed, Banking stocks were in limel ight. Asian market trend is muted. Bank of Baroda stocks rallied 15%. CALL PUT TIPS . IN
 
Indian stock market closed negative the fifty share index Nifty closed at 7612.50 down 1.16%. All sectors index closed on Red. Pharma stocks decline higher. Top gainers are BHEL, TCS, ITC, ONGC, and NTPC. Top Losers are VEDL, BPCL, CIPLA, Coal India, Tata Steel.
 
Jeera settled down due to subdued demand at the spot market.Though, expectation of lower yield in some regions of Gujarat likeKutch, Surendranagar due to hot weather and plant disease, cappedlosses to some extent. Investors are expecting export enquiries onreports of good quality jeera production this year. Lower demand inphysical market coupled with reports of muted export orders andexpectation of good production estimates in Gujarat and Rajasthan ispressurizing prices.As per the final rabi sowing report, Gujarat hasplanted more cumin compared to last year sowing progress. Jeera isplanted in about 10.8% more area at 2,95,400 hectares compared to2,66,700 hectares last year same time. As per second advance estimateof Gujarat State for 2015-16, production is pegged at 2.11 lt higher byabout 7% forecasted in revised fourth advance estimate of 1.97 lt. In2013-14 production was 3.46 lt.
 
NCDEX has helped to raise the quality of cotton traded through stringent warehousing standards and surveillance system. the quality of cotton bales delivered on commodity exchanges has been the biggest concern of the industry for many years. Cotton April future gained 0.7%.
 
Turmeric on NCDEX settled upon reports of a shortfall in production in the key growing areas of Andhra Pradesh and Maharashtra. Prices also seen supported due to due to anticipation of fall in output by 15 -20% due to adverse weather.
 
-

sensex and banknifty opened on a positive note today. Traders with good market knowledge are most likely to earn good returns for themselves.
 
Back
Top