Thursday, 12 April 2012

Indian Market commodity Futures Turnover

Futures turnover at commodity bourses in India Market, the world's biggest buyer of bullion and second largest wheat grower, jumped 51.3% to Rs 182,26,000 crore in the last fiscal year, spurred by MCX gold and agricultural commodities. More Information about indian stock market visit the site

Volumes in agricultural commodities jumped 50.74% to Rs 21,94,000 core in the fiscal year that ended in March, while bullion futures volumes jumped 85.33% to Rs 101,81,998 crore, data from the regulator showed.

The commodity indian stock market regulator has taken a series of steps from limiting position limits to imposition of margins to check excessive speculation in agricultural commodities, after banning trade in guar gum and seed in late March.

India, which allowed futures trading in commodities in 2003, has 24 commodity bourses, including six operating at the national level.

Tuesday, 10 April 2012

Gold Ntraday Tips For Tomorrow in India

Gold Ntraday Tips For Tomorrow in India, the world's largest consumer of the yellow metal, booked stray deals after a three-week long strike, seeking to replenish stocks for a gold buying festival slated later in the month, dealers said. More Information about Ntraday Tips For Tomorrow visit the site

* "Few orders are there on the lower side... market is slowly gearing up ahead of Akshaya Tritiya," said a dealer with a private bullion importing bank in Mumbai.

* Jewellers in India ended their three-week strike on Saturday after assurance the federal government would consider scrapping a budget proposal to levy excise duty on unbranded jewellery.

People will be buying now after closing shops for weeks together as wedding season is on," said Harshad Ajmera, proprietor of JJ Gold House. "There were good retail sales yesterday."

Gold for June delivery on the Multi Commodity Exchange (MCX) was up 0.48% at Rs 28,333 per 10 grams.

* "A level of Rs 27,200-27,500 will be good enough for market to activate," said the private bank dealer.

Saturday, 7 April 2012

NSE Stock Market Today Note

The Indian NSE Stock market gained momentum for the third consecutive session on Tuesday, led by banks, on speculation that the RBI may cut rates in credit policy that is schedule to be announced on April 17. Even oil & gas and metals stocks added more gains. The market shed some gains in the last hour of trade due to moderate profit booking in European markets after yesterday's rally. More Information about NSE Stock Market visit the site

• The Sensex closed at 17597.4 up 199.3 points or 0.7% and the Nifty ended at 5358.5, up 40.6 points or 0.8%. Broad market indices too ended in the positive as the BSE Mid Cap and Small Cap indices gained 1% and 1.1% respectively.

• Market breadth was positive, as the A/D ratio was 1.76:1 on the BSE.

• NSE cash turnover stood at Rs. 10574 cr. vs. Rs. 9254 cr. in the previous session.

• As per the provisional figures on Tuesday, FIIs were net buyers of Rs. 332 crores in the cash
market, while they were net buyers of Rs. 931 crores in the F&O market. DIIs were net buyers of Rs.
200 crores in the cash market.


• All the metals ended in the green with Nickel gaining 2.6% while Copper rose by 1.2%. Zinc and Aluminium ended higher by 1% and 0.2% respectively.

• Oil for May delivery slipped $1.04 to $104.19 a barrel.

• Gold futures for April delivery fell $33.10 to $1,646.90 an ounce.

Tuesday, 3 April 2012

Stock Market NSE extends Facility to Convert e-Gold Unit into Coin

Financial Technologies promoted National Spot Exchange (NSE), today said it is extending the facility of physical conversion of e-Gold units into one gram of gold coins. "The latest move to allow e-Gold delivery in 2 gm denominations is a benefit that is unique to this product alone. More Information about stock market nse visit the site

No other commodity investment product in gold available in India has this facility. Certain other features such as transparent pricing, seamless trading and zero holding costs have made this product a preferred investment option for retail investors and HNIs," NSEL managing director and CEO Anjani Sinha.

In e-Gold, investors have found a unique way to park their money in gold without having to worry about purity or physical security that is inherent to jewellery and physical bullion, he added. This launch was to mark the completion of two years of launch of 'e-Gold' - India's first commodity investment product in demat form.

This is in addition to the existing delivery denomination options available in 8 gms, 10 gms, 100 gms and 1 kg lots. E-Gold comprised 18% of NSEL's total turnover in the FY12. PTI SM ABC