CAPITALSTARS MONDAY COTTON FUTURES AGRI MARKET NEWS UPDATE 06 May 2019

Cotton futures (Apr) is seen to go down further & test 22000-21800 levels

  CAPITALSTARS INVESTMENT ADVISOR

India's cotton imports are likely to rise by 80% this crop year (October 2018 to September 2019), due to short supply of quality material for textile mills. Drought in the major growing & poor quality of late picked crop is poor due to the paucity of moisture in the field, have restricted the spinning millsto procure this soft commodity. Further, the demand side is also dull since the export is estimated to decline to 4.7 million bales in 2018-19, from 6.9 million last year. On the other hand, U.S cotton futures-the price setter is trading near to its seven-week low weighed down by the news that Donald Trump has said he will raise tariffs on $200bn (£152bn) of Chinese goods, because talks on a US-China trade deal are moving "too slowly". The US president tweeted that tariffs of 10% on certain goods would rise to 25% on Friday, and $325bn of untaxed goods could face 25% duties "shortly". Chana futures (May) is expected to witness more correction towards 4250 levels owing to increased selling pressure on the spot markets. Prices of pulses like chana, masur, urad and moong have been falling with increased arrival of the Rabi crop in mandis and the government offloading stock in the open market. Guar seed futures (May) will probably see correction towards 4320-4290 levels, while guar gum futures (May) is likely to plunge towards 8650-8600 levels, due to weakness in oil prices. Oil prices tumbled by more than 2 percent to $60.52 a barrel on Monday after U.S. President Donald Trump on Sunday said he would sharply hike tariffs on Chinese goods this week, risking derailing months of trade talks between the world’s two biggest economies.

HAPPY TRADING!!!!!!!!!!!!!!!!!!

Click here to visit my website : https://bit.ly/1h8KZUM

Free Trial link : https://bit.ly/2u2GUhK

Any queries CALL US : 9977499927

CLICK HERE FOR GET DETAILS & JOIN OUR BEST ADVISORY  -

Visit our website : http://www.capitalstars.com/free-trial

CAPITALSTARS CALL US : 9977499927

Equity Tips , Intraday Stock Tips , FreeTrading Tips  , Sebi Registered advisory Company , Capitalstars Video Gallery,Free Trading tips , equity Tips , sebi registered advisory company , Mcx Tips  . 

CAPITALSTARS MONDAY COTTON FUTURES AGRI MARKET NEWS UPDATE 11 MARCH 2019

Cotton futures (Mar) is expected to trade sideways to up in the range of 20600- 20850 levels. 

CAPITALSTARS INVESTMENT ADVISOR

This season the gap between demand-supply will possibly widen as there would be no third, fourth or fifth pickings, which are usual practice every year. Due to shortage of rain this year, there will be no third and fourth pickings in most of the cotton-growing states. In regular course in India, farmers take 4 to 5 pickings. On the export front, Indian traders have signed contracts to ship 800,000 bales of cotton to China as demand surged from the world's biggest consumer of the fibre due to a rally in prices in China. However, one should keep a close watch on the price movement of the U.S cotton as this counter is on a roller coaster ride getting hit by a stronger dollar and weak US export sales data. Chana futures (Apr) will possibly trade with an upside bias in the range of 4150-4190. In news, the government of Maharashtra has sought permission from the Centre for the procurement of Chana. Also, there are market talks that the government is likely to relax quantitative restrictions on import of yellow peas from April as 2018-19 (JulJun) pulses output is seen lower on year. For 2018-19, the cap on yellow peas import was set at 100,000 tn. Mentha oil (Mar) is most likely to breach the resistance near 1645 & move further ahead towards 1660-1680 levels. The overall sentiments are bullish as demand from both domestic and export fronts are emerging at existing price levels. Besides, delayed sowing in the largely concentrated in Barabanki, Sambhal and Chandausi in Uttar Pradesh is likely to affect the crop yield.

HAPPY TRADING!!!!!!!!!!!!!!!!!!

Click here to visit my website : https://bit.ly/1h8KZUM

Free Trial link : https://bit.ly/2u2GUhK

Any queries CALL US : 9977499927

CLICK HERE FOR GET DETAILS & JOIN OUR BEST ADVISORY  -

Visit our website : http://www.capitalstars.com/free-trial

CAPITALSTARS CALL US : 9977499927

Equity Tips , Intraday Stock Tips , FreeTrading Tips  , Sebi Registered advisory Company , Capitalstars Video Gallery,Free Trading tips , equity Tips , sebi registered advisory company , Mcx Tips  . 

CAPITALSTARS THRUSDAY COTTON FUTURES AGRI MARKET NEWS UPDATE 07 MARCH 2019

Cotton futures (Mar) is likely to test 21120 levels on the higher side.

CAPITALSTARS INVESTMENT ADVISOR

It is reported that Indian traders have contracted for export 5 lakh bales to China for shipments in the next two months. Meanwhile, Cotton deposited in Multi Commodity Exchange accredited warehouse soared to all-time high of 1.81 lakh bales and surged by 56 per cent on Tuesday compared to 1.16 lakh bales logged in the same period last year. The cotton contract continues to attract increased traction from ginners, traders, farmers and corporates among other stakeholders. Chana futures (Mar) will possibly face resistance near 4175 levels amid slackened physical trade activity, ongoing new arrivals. Sentiments are weak due to rise in selling of chana by the NAFED. The latest report on Nafed sale report of Chana Procured under PSS during Rabi-18 season as on 27 February, 2019 shows that the total procured Qty. (Net) is 27,24,051.17 MT, progressive quantity sold is 7,81,115.16 MT, leaving a surplus of 19,42,936.01 MT. Mentha oil (Mar) is expected to trade with an upside bias in the range of 1595-1630 levels on reports of delayed sowing in the major growing regions due to the ongoing weather disturbances. As per reports, farmers are worried as untimely rains and inclement weather conditions may affect the crop yield. The market participants are holding on to the optimistic view that prices of mentha oil should rise because of demand from local consumers due to falling stocks of the previous crop. The new crop of mentha oil is likely to hit markets by June.

HAPPY TRADING!!!!!!!!!!!!!!!!!!

Click here to visit my website : https://bit.ly/1h8KZUM

Free Trial link : https://bit.ly/2u2GUhK

Any queries CALL US : 9977499927

CLICK HERE FOR GET DETAILS & JOIN OUR BEST ADVISORY  -

Visit our website : http://www.capitalstars.com/free-trial

CAPITALSTARS CALL US : 9977499927

Equity Tips , Intraday Stock Tips , FreeTrading Tips  , Sebi Registered advisory Company , Capitalstars Video Gallery,Free Trading tips , equity Tips , sebi registered advisory company , Mcx Tips  . 

TOP CORPORATE NEWS-22 DEC 2014

·BHEL bags Euro 16.96 million contract in Turkey; stk gains
Bharat Heavy Electricals Ltd ( BHEL) rose over 3%, touching to Rs266.75,  after the company bagged a contract for rehabilitation of 3 units of Electrostatic Precipitators for the 430 megawatts Tuncbilek Thermal Power Project in Turkey on EPC basis. BHEL achieves breakthrough by making maiden entry in the Turkish market; Bags Euro 16.96 million contract for Thermal Power Project in Turkey.
·McNally Bharat bags an order worth Rs117.95 cr
McNally Bharat Engineering Company announced that the Company has received an order for Design, Engineering, Supply and Construction of various sub-stations for a Power Project for a value of Rs117.95 crore (approx).
·Thomas Cook launches 'Silver Breaks'

Thomas Cook (India) has launched a new product line 'Silver Breaks', exclusively focusing on segment of over 58 years of age - Senior Citizens or 'Silvers'.
The specialised Silver Breaks itineraries offer support for special dietary needs, on-trip medical assistance, handpicked elder friendly hotels, experienced tour managers accompaniment, pre departure meetings, entertainment evenings and high quality easy access vehicles covering destinations such as Thailand, UK and Italy in an outbound segment as well as the Golden Triangle and Kerala on the domestic front.
·MOIL gains on government's plan to dilute stake
MOIL rose by 3% touching to Rs303, after the Department of Disinvestment issued a newspaper advertisement for appointment of merchant bankers for divesting 10% stake in the state-run firm.
The Department of Disinvestment issued a newspaper advertisement for appointment of merchant bankers for divesting 10% stake in state-run MOIL. The government intends to divest 10% stake in MOIL during the current fiscal year through the Offer for Sale ( OFS) route via the stock exchanges mechanism. The government currently holds 71.57% stake in MOIL.
·Suzlon's arm signs new contract in UK; stk gains
 Suzlon Energy rose nearly 9%, touching to Rs13.9,  after the company said its wholly owned subsidiary signed four new contracts totaling over 60 megawatts in the UK.
Suzlon Energy said that its wholly owned subsidiary Senvion SE signed four new contracts totaling over 60 megawatts (MW) in the UK, including the first contract to be signed in the UK with developer RES.
·Essel Propack gets High Court approval for amalgamation
Essel Propack has announced that at the hearing held on December 19, 2014, the Honble High Court of Judicature at Bombay has approved the Scheme of Amalgamation of EP Lamitubes (the wholly owned subsidiary of Essel Propack) with Essel Propack and their respective shareholders.
·Winsome Diamond board approves closure of Goa unit
Winsome Diamonds & Jewellery announced that the Board of Directors of the Company at its meeting held on December 20, 2014, has accorded its approval by requisite majority for closure of industrial establishment situated at Goa.
 

TOP CORPORATE NEWS - 15 DEC 2014

·November 2014 WPI Data at 0%
Inflation for the month of November 2014 came in at 0.00% versus 1.77% seen in October. November WPI Manufacturing at 2.04% vs 2.43% (MoM) .November WPI Food Price at 0.63% vs 2.7% (MoM). November WPI Fuel Inflation down -4.91% vs 0.43% (MoM). Manufacturing inflation came in at 2.04% Vs 2.43% (MoM). Primary Articles inflation came in at -0.98%.Govt keeps September WPI unchanged at 2.38%.
·CPI inflation eases to 4.38%
The CPI inflation declined MoM to 4.38% in November (5.52% in October) mainly contributed by decline in food inflation (3.14% Vs 5.59%). The core CPI also moderated MoM to 5.5%.
·October IIP declines by 4.2%
The IIP growth for October came in at -4.2% compared to 2.5% in September 2014. This was due to sharp contraction in manufacturing sector (-7.6%) with consumer goods contracting by 18.2% and consumer durables declining by 35%.The plunge in industrial growth is negative surprise since other indicators were improving, though it builds case for early rate cuts by RBI.
·Mastek surges 19% on merger plans of its arm
Mastek gained over 19% touching to Rs323.3, after Majesco, the insurance arm and a wholly owned subsidiary of the company announces its plan to merge Cover- All Technologies with itself in a 100% stock for stock transaction. Majesco (formerly known as Majesco Mastek) plans to list Majesco on the NYSE-MKT subject to regulatory and shareholder approvals.
·OIL India signs MOU with Russian firm
OIL India has signed an MOU with M/s. Zarubezhneft, Russia during the India-Russia Annual Summit. As per the Scope of cooperation of MOU both parties intend to work together in the areas of (i) Joint Search and evaluation of hydrocarbon E&P (ii) Technological Association and (iii) Any other areas of common interest. Positive for Oil India.
·Govt set to give Rs20,000 crore orders on behalf of DFC
The Government is all set to give Rs20,000 crore worth of orders on behalf of the Dedicated Freight Corridor(DFC) which is to be commissioned by 2019. Positive for L&T among other infrastructure companies. Further, the Indian Railways is setting up the project aimed to supplement the rail transport capacity with a project cost of over Rs 80,000 crore.
·Standard Life plans to increase its stake in HDFC Life
Standard Life plans to increase its stake in joint venture HDFC Life Insurance to 33% from the current 26% as the insurance bill is likely to get passed in parliament. The stake purchase will happen before HDFC Life lists its shares. However, the valuations suggested in the media reports is significantly higher (Rs20,000 crore Vs consensus estimate of Rs11000 crore) than the consensus estimates for HDFC Life. This is sentimentally positive for HDFC.
· JLR global wholesale volumes up 3.4% YoY
Jaguar Land Rover ( JLR) global wholesale volumes up 3.4% YoY to 41,318 units Jaguar volumes for the month declined by 8.4% YoY to 6,184 units Land Rover volumes increased by 5.8% YoY to 35,134 units
·Tata Chemicals may invest Rs150 crore in Sriperumbudur
Tata Chemicals Ltd, part of $100 billion plus Tata Group, is expected to invest around Rs150 crore into setting up a nutraceuticals manufacturing facility in Sriperumbudur in next three years.