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| As on Jan 20, 2020 12:00 AM |
Your results on : Mid Session |
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| Chana fell to fresh contract lows amid expiry of the near month futures as traders eyed the latest progress in sowing. Agri ministry data showed that acreage under pulses stood at of 157.33 lakh hectares as against 150 lakh hectares (lh) in the same week last year. There has been an impressive spurt of 10.38% in the acreage under Chana, which currently stands at 105.35 lh despite a moderate performance by Madhya Pradesh- the leading producing state. The benchmark Chana futures for March tanked to a low of Rs 4136 per quintal, down 3% on the day, extending their recent fall. The counter has dropped on a consistent basis after topping out at six week high of Rs 4535 per quintal in the middle of last month. The near month January futures are expiring today and currently linger at Rs 4455 per quintal, down 0.34% on the day. Powered by Commodity Insights |
Quotes as on 16th January 2020, Annual % Change WHEAT US - HRW (Gulf) $239, 1 EU - France Grade 1 (Rouen) $225, - 6 MAIZE (CORN) US - 3YC (Gulf) $178, - 17 BARLEY EU - France (Rouen) $195, 14 SOYABEANS US - No.2 (Gulf) $368, 8 Argentina (Up River) $365, 6 RICE Thailand 5% Broken $417, 7 Powered by Commodity Insights |
| Following a strong surge in the area under Wheat, the total planted area in the current rabi season to 641 lakh hectares (lh) as on 17th January 2020, recording a 8.6% surge compared to the corresponding period last year, according to data released by the Agriculture Ministry on Friday. The acreage under Wheat stood at 330.20 lh, up more than 11%. The area under coarse cereals is up by 13.5% to over 53 lh. Maize area rose by 8.50% to 15.31 lh. Rabi oilseeds area stood at 79.25 lh, up just 0.10% on year. Area under the primary rabi oilseed Mustard stood at 68.98 lh, down 0.45%. The Acreage under Pulses stood at 157.33 lh, up 5.22%. There has been an impressive spurt of 10.38% in the acreage under Chana, which currently stands at 105.35 lh. Powered by Commodity Insights |
LME Inventories Data - 17 January 2020 Aluminium 1340725 (-13150), Copper 125250 (-1525), Nickel 182934 (-78), Lead 66250 (-125), Zinc 51450 (-1250. All figures in tonnes, Daily change in bracket.
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The Indian rupee stayed weak against the dollar in early trades on Monday, 20 January 2020 as concerns over rising crude oil price following rising tensions in the Middle East and North Africa weighed on sentiments. Foreign fund inflows and positive opening in domestic equities supported the local currency. Foreign institutional investors remained net buyers in the capital markets, putting in Rs 264.26 crore on Friday, as per provisional data. The domestic currency opened at Rs 71.08 against the dollar and dropped to a low of 71.12 so far during the day. In the spot currency market, the Indian unit was last seen trading at 71.07. The rupee had settled at 71.08 against the US dollar on Friday. Domestic indices were trading higher on positive Asian cues. At 9:20 IST, the barometer index, the S&P BSE Sensex, was up 188.3 points or 0.45% at 42,133.40. The Nifty 50 index was up 36.55 points or 0.30% at 12,388.90. Overseas, Asian stocks were trading higher on Monday as Wall Street extended its run of record peaks on solid US economic data and lashes of liquidity from the Federal Reserve. In US, stocks closed higher on Friday, ending the week at new record high, helped by data suggesting the economy and corporate profits are in good health. Meanwhile, the dollar began the week on a firm note on Monday as economic data pointed to strength right across the U.S. economy, reducing the likelihood of interest rate cuts. Against a basket of currencies, the greenback was steady at 97.620, a whisker below a three-week high hit on Friday (DXY). Powered by Commodity Insights |
UK retail sales volume, including auto fuel, dropped 0.6 percent on month in December, following a 0.8 percent decrease in November, data from the Office for National Statistics showed Friday. This was the fifth consecutive month of no growth. Excluding auto fuel, retail sales fell 0.8 percent, the same pace of decline as logged in November. Food store sales fell 0.7 percent and non-food store sales slid 1.1 percent in December. Meanwhile, automotive fuel sales advanced 2.5 percent. Annual growth in retail sales volume, including auto fuel, improved to 0.9 percent from 0.8 percent a month ago. Excluding auto fuel, retail sales volume increased 0.7 percent after rising 0.6 percent in November. Powered by Commodity Insights |
Euro area current account surplus fell to EUR 34 billion from EUR 36 billion in October, the European Central Bank reported Friday. However, the surplus was larger than the EUR 27 billion logged in November 2018. The visible trade surplus dropped to EUR 26 billion from EUR 32 billion. Likewise, the surplus on services fell to EUR 10 billion from EUR 11 billion. Meanwhile, primary income climbed to EUR 7 billion from EUR 6 billion and the deficit on secondary income narrowed to EUR 10 billion from EUR 13 billion. In the 12-month period to November, the current account posted a surplus of EUR 357 billion or 3 percent of GDP compared to EUR 367 billion or 3.2 percent of GDP in the year ended November 2018. Powered by Commodity Insights |
COMEX Gold futures gained from two week low yesterday as global stocks saw a muted response to phase one US-China trade deal. However, US equities hit record highs, capping gains in Gold. The COMEX Gold futures are currently trading at $1555 per ounce, up 0.30% on the day. MCX Gold futures are trading at Rs 39783 per 10 grams, up 0.24% on the day. Gold might not extend the gains much though as Indian bullion demand stays tepid. India's Gold imports stood at Rs 17564 crore in December 2019, down 3.30% compared to December 2018. In April-December 2019, the total imports stood at Rs 161924 crore, down 5.83%. Silver imports fell by a massive 66.69% on year ago basis to Rs 779 crore in December 2019. Silver imports in April-December 2019 also tumbled 25.52% to Rs 16085 crore. Powered by Commodity Insights |
China's economy expanded at the slowest pace since 1990 as cooling domestic demand and property investment amid trade wars with the United States weighed heavily on growth last year. In the whole year of 2019, gross domestic product grew 6.1 percent, which was well within the target of 6-6.5 percent, data from the National Bureau of Statistics showed Friday. Nonetheless, this was the weakest expansion since 1990 and slower than the expected 6.2 percent. Moreover, growth moderated from 6.6 percent in 2018. China's growth for 2019 matched the projections of the International Monetary Fund and the World Bank. In the fourth quarter, gross domestic product climbed 6.0 percent year-on-year, the same rate as seen in the third quarter and in line with expectations. The 6 percent was the lowest in nearly three decades. Powered by Commodity Insights |
| NCDEX Refined Soya oil futures are trading on a flat note at Rs 889 per 10 kg after recent spurt. Traders are eyeing at the falling edible oil imports. Prices are consolidating around one month low. As per the latest release from the Solvent Extractor's Association of India (SEA), the import of vegetable oils during Oil Year 2019-20 (Nov.'19 to Dec.'19) i.e. edible oil and non-edible oil is reported at 22.5 lakh tons compared to 23.4 lakh tons for the same period of last year, down by 3.8%. Import of Vegetable Oils during December 2019 is reported at 11.28 lakh tons compared to 12.11 lakh tons for December 2018, recording a drop of 7%. This consists of 11.07 lakh tons of edible oils and 20901 tons of non-edible oils. The stock position of edible oils at various ports is estimated at 860000 tonnes. Pipeline stocks level fell to lowest level in four months at 515000 tonnes as on 1st January 2020. Powered by Commodity Insights |
Japan's tertiary industry activity 1.3 percent month-on-month in November, data from the Ministry of Economy, Trade and Industry showed on Friday. Among the major industries, retail trade, wholesale trade, living and amusement-related services, business services, medical, health care and welfare, real estate business, transport and postal activities, and goods rental business increased. Meanwhile, information and communication industry, electricity, gas, heat supply, water supply, and financial and insurance declined in November. On a yearly basis, tertiary industry activity declined 1.4 percent in November. Powered by Commodity Insights |
The Indian rupee depreciated against the dollar in early trades on Friday, 17 January 2020 tracking weak opening in domestic equities and foreign fund outflows. Foreign institutional investors (FIIs) remained net sellers in the capital markets, as they sold shares worth Rs 395.24 crore on Thursday, as per provisional data. Rise in crude oil prices and foreign fund outflows also weighed on the domestic unit. The domestic currency opened at Rs 70.98 against the dollar and dipped to a low of 71 so far during the day. In the spot currency market, the Indian unit was last seen trading at 70.97. The Indian rupee on Thursday had closed at 70.93 against the dollar. Rupee pared its early gains despite the US-China signing the phase-1 trade deal, as huge uncertainty still remains, which might make it difficult for China and the US to reach a comprehensive trade deal. The United States on Wednesday signed the first phase of a trade deal with China, which President Donald Trump described as historic, concluding more than a year of tough negotiations between the two largest economies of the world. Domestic indices were trading flat in early trade. At 9:20 IST, the barometer index, the S&P BSE Sensex, was down 11.80 points or 0.03% at 41,920.76. The Nifty 50 index was down 6.80 points or 0.06% at 12,348.70. Overseas, Asian stocks were trading higher on Friday after global stock indexes and Wall Street posted more records, with strong corporate earnings and upbeat US economic data adding to optimism after China and the US signed a partial trade deal. In US, stocks rallied again on Thursday, with all three benchmark indexes closing at new records, following the signing of a trade truce between the US and China on Wednesday and Senate approval of a new trade deal between the US, Mexico and Canada on Thursday. Meanwhile, the US Dollar Index Futures that tracks the greenback against a basket of other currencies was slightly lower, down 0.02% to 97.30. The index has remained strong after falling at the beginning of the year. The dollar and the Chinese yuan remained steady a day after China and the U.S. signed a phase one trade deal aimed at easing tensions between the two largest economies in the world. Powered by Commodity Insights |
| India's Pulses imports fell 37% to Rs 608 crore in December 2019 compared to December 2018. However, in April-December 2019, the imports rose 46% to 8210 crore. Spices exports stood at Rs 2093 crore in December 2019, up 10.73%. In April-December 2019, Spices exports gained 19.24% to Rs 20000 crore. Gems and Jewellery exports fell 7.55% in December to Rs 17167 crore and recorded a drop of 5.45% to Rs 196350 crore in April-December 2019. Powered by Commodity Insights |
| India's Gold imports stood at Rs 17564 crore in December 2019, down 3.30% compared to December 2018. In April-December 2019, the total imports stood at Rs 161924 crore, down 5.83%. Silver imports fell by a massive 66.69% on year ago basis to Rs 779 crore in December 2019. Silver imports in April-December 2019 also tumbled 25.52% to Rs 16085 crore. Powered by Commodity Insights |
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