India’s Crackdown On Cash Tempers De Beers Diamond Sales

Anglo American said on Tuesday demand at its latest De Beers diamond sale showed a slowdown in response to India’s withdrawal of high-value banknotes, but was still higher than a year ago when commodity trade was slumping.

Prime Minister Narendra Modi’s decision to scrap 500 rupee and 1,000 rupee banknotes as part of a crackdown on tax dodgers and counterfeiters has dented consumer spending in a country where most people are paid in cash, and buy what they need with cash.

Anglo American said rough diamond sales for De Beers’ final sale of the year amounted to $418 million, compared with the $476 million value of the previous sales cycle this year.

“While the trade in lower value rough diamonds is experiencing a temporary slowdown as a result of the demonetisation programme in India, demand across the rest of the product mix continued to be healthy,” Bruce Cleaver, CEO of De Beers, said.

 

 

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नॉन एग्री कमोडिटी मार्केट में गिरावट, क्या करें

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नॉन एग्री कमोडिटी मार्केट में आज भारी गिरावट आई है। घरेलू बाजार में क्रूड और नैचुरल गैस समेत सोना और चांदी में भी तेज गिरावट आई है। वहीं बेस मेटल्स में भी कॉपर, लेड और जिंक में बिकवाली हावी है। एग्री कमोडिटी में आज खाने के तेल कमजोर हैं जबकि ग्वार में बढ़त पर कारोबार हो रहा है। लेकिन चीनी और गेहूं में बिकवाली हावी है। इंपोर्ट ड्यूटी खत्म होने के बाद से गेहूं पर लगातार दबाव बना हुआ है।

नोटबंदी के बाद आज पहली बार रिटेल महंगाई दर के आंकड़े जारी होंगे। हालांकि इस दौरान पूरे कमोडिटी बाजार पर असर पड़ा है और थोक में चीनी करीब 5 फीसदी सस्ती हो गई है जबकि गेहूं भी रिकॉर्ड स्तर से नीचे आ गया है। आज खाने के तेलों में भी दबाव है।

अमेरिका में आज से फेडरल रिजर्व की दो दिनों की बैठक शुरू होने जा रही है और इससे पहले सोने पर दबाव बढ़ गया है। ग्लोबल मार्केट में सोना पिछले करीब 10 महीने के निचले स्तर पर कारोबार कर रहा है। इस तिमाही के दौरान सोने में करीब 12 फीसदी की गिरावट आ चुकी है और पिछले 18 साल में सोने के लिए ये दूसरी सबसे खराब तिमाही साबित होने जा रही है। माना जा रहा है कि अमेरिका में ब्याज दरें बढ़ने के बाद सोने में गिरावट गहरा सकती है, इसीलिए गोल्ड ईटीएफ से लोग लगातार पैसा निकाल रहे हैं। सोने के साथ चांदी में भी कमजोरी है।

वहीं कल की तेजी के बाद कच्चे तेल में भी आज कमजोर कारोबार हो रहा है। नायमैक्स पर क्रूड 53 डॉलर के नीचे है जबकि ब्रेंट में 56 डॉलर के नीचे कारोबार हो रहा है। इस बीच लंदन मेटल एक्सचेंज पर कॉपर में भी कमजोरी देखी जा रही है। वहीं डॉलर के मुकाबले रुपये में भी हल्की कमजोरी है।

  1.  सोना एमसीएक्स (फरवरी वायदा) : बेचें – 27650, स्टॉपलॉस – 27745 और लक्ष्य – 27200
  2. सोना एमसीएक्स (फरवरी वायदा) : बेचें – 27695, स्टॉपलॉस – 27835 और लक्ष्य – 27455
  3. चांदी एमसीएक्स (मार्च वायदा) : खरीदें – 41380, स्टॉपलॉस – 41190 और लक्ष्य – 41830
  4. कच्चा तेल एमसीएक्स (दिसंबर वायदा) : खरीदें – 3530, स्टॉपलॉस – 3495 और लक्ष्य – 3610
  5. कॉपर एमसीएक्स (फरवरी वायदा) : बेचें – 393, स्टॉपलॉस – 396.5 और लक्ष्य – 386
  6. निकेल एमसीएक्स (दिसंबर वायदा) : खरीदें – 758, स्टॉपलॉस – 745 और लक्ष्य – 780
  7. सोया तेल एनसीडीईएक्स (दिसंबर वायदा) : खरीदें – 720, स्टॉपलॉस – 716 और लक्ष्य – 728
  8. चीनी एनसीडीईएक्स (मार्च वायदा) : बेचें – 3640, स्टॉपलॉस – 3680 और लक्ष्य – 3540

White metal falls ahead of FOMC meeting

Silver futures fell during afternoon trade in the domestic market on Tuesday as investors and speculators exited their positions in the precious metal on looming worries over an imminent interest rate hike by the US Federal Reserve in a key meeting that begins later in the day.

The US Fed is widely expected to raise interest rates in a two-day meeting on December 13-14, which could boost the US dollar. Precious metal is highly sensitive to rising interest rates, which lift the opportunity cost of holding non-yielding assets. 

 At the MCX, silver futures for March 2017 contract is trading at Rs 41,538 per kg, down by 0.45 per cent, after opening at Rs 41620, against a previous close of Rs 41724. It touched the intra-day low of Rs 41411.

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बड़े बुलियन कारोबारियों के खाते सीज

नोटबंदी के बाद से भारी मात्रा में सोने की बिक्री और अब नए नोटों की हेराफेरी के मामले की जांच के तहत एक्सिस बैंक ने देश के बड़े बुलियन कारोबारियों के खाते सीज कर दिए हैं। सीएनबीसी-आवाज़ को सूत्रों से जानकारी मिली है कि एक्सिस बैंक के अलावा कुछ दूसरे बैंकों ने भी इन कारोबारियों के खातों को सीज कर दिया है।
सूत्रों का दावा है कि इन कारोबारियों में रिद्धी सिद्धी बुलियन के पृथ्वीराज कोठारी का भी नाम शामिल है। दरअसल नोटबंदी के बाद सिर्फ दो-तीन दिनों में करीब 15 टन सोने की बिक्री की संभावना जताई गई है। कई बड़े बुलियन कारोबारियों पर पुराने नोट के बदले भारी मात्रा में सोना बेचने की आशंका जताई गई है। हाल ही में आयकर विभाग की जांच में इस बात का खुला भी हुआ है और इसीलिए इन कारोबारियों के खातों को सीज करना पड़ा है।

Asian shares wobble as investors await Fed, dollar dips

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Asian shares were on tenterhooks on Tuesday as investors awaited the Federal Reserve’s meeting that begins later in session for clues on the outlook for US monetary policy, while crude oil prices pulled back after their surge to 18-month highs. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent in early trade, while Japan’s Nikkei stock index slid 0.5 percent as the dollar came off highs against the yen. 

The Fed is widely expected to hike interest rates for the first time in 2016 at a two-day meeting, with markets pricing in a nearly 100 percent chance of a quarter percentage point increase to the Fed’s target range of 0.25 to 0.50 percent. What matters most to investors is the Fed’s statement and economic projections, which will be examined for any signs of reaction to Donald Trump’s surprise victory in the November 8 US presidential election.

Indian ADRs: ICICI Bank, Infosys, Dr Reddy’s Lab down

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Indian ADRs ended mostly lower on Monday. In the IT space, Infosys shed 0.27 percent at USD 14.70 and Wipro was up 0.11 percent at USD 9.35. In the banking space, ICICI Bank fell 1.50 percent at USD 7.86 and HDFC Bank declined 0.31 percent at USD 63.30. In the other sectors, Tata Motors added 3.12 percent at USD 35.04 and Dr Reddy’s Laboratories shed 0.51 percent at USD 46.38.

Pulkit Trivedi Facebook India’s new Industry Director

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Facebook today announced the appointment of Pulkit Trivedi as Industry Director for e-commerce, retail, travel and financial services verticals. In his new role, Trivedi “will lead in building and maintaining strategic relationships with clients in the country”, Facebook India said in a statement here. Pulkit comes to Facebook with over 18 years of extensive industry experience covering sales, business development and partnerships for Indian and multinational technology companies such as Google, Intel, Microsoft, IBM and HCL.

Most recently, Pulkit held the position of Head of Industry, e-commerce, at Google India and had been with the company since April 2012. He was responsible for driving a large business for Google India.

Long-term IT earnings growth seen in high single-digits

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Donald Trump’s recent rhetoric on H1B visas are less of an issue for the IT sector. IT sector will continue to wrestle with challenges regardless of the US president elect’s negative bias towards immigrant workers. Long-term earnings growth for IT may be in high-single digits at best. He believes there is more room for earnings corrections. In a normal case, India has a lot going for it domestically, he said, admitting that demonetization has created a disruptive effect.  ➤

There will be some colour in the third quarter earnings in January, he said. As regards RBI policy which kept the rates unchanged, he said it was a non-event. Although people were expecting a cut, they were cognizant of the real impact of cut will be minimal.

OMCs hit record high on rise in oil prices

Shares of oil marketing companies such as Oil Natural Gas Corporation and Oil India hit fresh 52-week high on the Bombay Stock Exchange following OPEC and Non-OPEC deal to cut crude oil production which pushed oil prices higher. Following surge in oil prices, shares of ONGC gained as much as 2.46 % to hit 52-week high in intra-day at Rs 314.45 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company rose 1.95% to Rs 312.75 apiece on the National Stock Exchange. Among others, Oil India surged 2.44% and touched 52-week high of Rs 453.80 per share on the BSE. Meanwhile, the broader benchmark BSE Sensex was trading at 26,620.40, down 126.78 points, or 0.47 %, at 12:14 hours.

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Growth in global coal demand to slow over next five years – IEA

Growth in global coal demand will slow over the next five years due to lower consumption in China and the United States and as renewable energy sources gain ground, the International Energy Agency (IEA) said on Monday.

The IEA said last year that the world’s top coal consumer, China, could be facing peak coal demand for the first time due to measures to cap coal use to tackle air pollution and curb excess supply.

“In China, coal demand is in structural and slow decline driven by a new economic growth model and diversification of coal,” the Paris-based IEA said in its medium-term coal market report.

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 Even though China’s consumption is likely to have peaked, the country will still be the largest coal user over the next five years.Its coal demand should decrease slightly to 2.816 billion tonnes of coal equivalent by 2021, compared to 2.896 billion tonnes of coal equivalent in 2014.

Globally, the IEA expects coal demand to total 5.636 billion tonnes by 2021, compared to 5.400 billion tonnes last year, when coal demand dropped for the first time this century.This equates to 0.6 % average annual growth from 2015 to 2021, below the 2.5 % average yearly growth over the past decade.