Browse Category: commodity tips

Oil Widens Losses On Oversupply Worries

Crude oil futures plunged nearly 2 per cent during evening trade in the domestic market on Friday as investors and speculators weighed the prospects of an increase in supplies from Nigeria and Libya with the two OPEC nations set to bolster exports after disruptions due to domestic conflicts.

Swelling US inventories and reduced prospects for demand growth amid a slowing global economy have also led to bearish bets in the energy commodity. At the MCX, crude oil futures for September 2016 contract is trading at Rs 2,894 per barrel, down by 1.83 per cent, after opening at Rs 2,925, against a previous close of Rs 2,948. It touched the intra-day low of Rs 2,893.

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सोना दो हफ्ते के निचले स्तर पर, क्रूड 2% फिसला

RIPPLE.ADVISORYईरान से एक्सपोर्ट्स बढ़ने की वजह से क्रूड में गिरावट आई है। नायमैक्स पर इसका भाव 44 डॉलर और ब्रेंट पर 47 डॉलर के नीचे पहुंच गया है। वहीं सोना दो हफ्ते के निचले स्तर पर पहुंच गया है। कॉमैक्स पर सोने का भाव 1313 डॉलर पर ट्रेड कर रहा है। उधर, शुक्रवार को डॉलर के मुकाबले रुपया 4 पैसे मजबूत होकर 66.97 पर बंद हुआ।

सोना एमसीएक्स : खरीदें – 30750, लक्ष्य – 30950, स्टॉपलॉस – 30650.

चांदी एमसीएक्स : खरीदें – 44900, लक्ष्य – 45500, स्टॉपलॉस – 44700.

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GODIndian multinational ITC Foods on Tuesday announced entering the coffee beverage segment with the launch of two flavours made of Indian and Latin American beans.

“To the discerning consumers, our Sunbean Gourmet Coffee in two flavours offers a blend of Indian and international bean varietals,” said V.L. Rajesh, Divisional Chief Executive, ITC Foods.

The Nicamalai flavour is a fruity sweet aromatic blend of beans from Nicaragua and Anamalai hills in Tamil Nadu, while Panagari flavour is a fragrant variety with strong aroma from Panamanian beans and Arabica beans from Baba Budangiri hills in Karnataka’s Chikkamagaluru district.

Baba Budangiri is popularly considered to be the birthplace of coffee in India where Baba Budan, a legendary holy saint, planted the first coffee seeds that he had brought from Yemen.

“We will launch the special coffee beverage in our other luxury hotels across the country during this month,” said Rajesh.

Consumers can also buy roasted coffee beans at Rs 800 for 200 grammes packet from the company’s food and beverages outlets in its hotels.For More Information Free Stock Tips, Mcx Tips, Commodity Market Tips, Intraday Trading Tips, Free Equity Tips on Mobile and you can call us on :-9827808090.

Coal India to set up 600 MW Solar Plants in four States

State-run mining major Coal India will develop solar power plants of 600 MW capacity in four states, including West Bengal and Maharashtra, under the second phase of its plan to set up a total 1,000 MW green energy plants.
The Solar Energy Corporation of India (SECI) has already floated tenders for development of solar capacity in the second phase. Coal India has signed an agreement with SECI for setting up of solar power plants of total 1000 MW capacity in different parts of the country. “In the first phase, CIL is going to set up 2×100 MW solar power plants in the state of Madhya Pradesh.
In the second phase CIL is going to develop a capacity of 600 MW in the solar parks of Madhya Pradesh, Chhattisgarh, West Bengal and Maharashtra for which NIT has already been floated by SECI,” the coal major said in its annual report.
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Urjit Patel takes charge as RBI Governor

Urjit Patel has taken charge as Governor of the Reserve Bank of India (RBI), an official statement said here on Monday.
“Urjit R. Patel assumed charge as the twenty-fourth Governor of the Reserve Bank of India effective September 4, 2016 after serving as Deputy Governor since January 2013,” the RBI statement said. Patel, who has been given a three-year term, succeeds Raghuram Rajan, whose three-year term ended on Sunday.
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Saudi Arabia, Russia sign oil pact, may limit output in Future

Saudi Arabia and Russia agreed on Monday to cooperate in world oil markets, saying they will not act immediately but could limit output in the future, sending prices higher on hopes the two top oil producers would work together to tackle a global glut.
The joint statement was signed by the country’s energy ministers in China on the sidelines of a Group of 20 summit and followed a meeting between Russian President Vladimir Putin and Saudi Deputy Crown Prince Mohammed bin Salman.
Russian Energy Minister Alexander Novak said the two countries were moving toward a strategic energy partnership and that a high level of trust would allow them to address global challenges. Saudi Energy Minister Khalid al-Falih said the agreement would also encourage other producers to cooperate. Oil prices soared almost 5 percent ahead of a news conference by the two ministers, but pared gains to trade up 2 percent by 1130 GMT as the agreement yielded no immediate action.
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Rupee opens lower at 67.04 per Dollar

The Indian rupee opened lower at 67.04 per dollar on Thursday against previous close 66.96.
“In the backdrop of Jackson Hole speeches, the focus is now on US Non-Farm Payroll data due tomorrow. The odds of a September Fed rate hike has now gone up.
This has resulted in mild dollar rally against major currencies though rupee has been steady.” “We expect the USD-INR pair to trade in a range of 66.80-67.10/dollar for the day,” he added.
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