Mustardseed yesterday traded with the positive node and settled 0.44% up at 2956 tracking bullish sentiment in the oilseed complex. The total arrivals of mustard seed decreased by 9000 bags from the previous day to 58000 bags in major mandies. In the Jaipur spot market in Rajasthan the price edged up by 2.25 rupee to 580 rupees per 20 kgs. In yesterday's trading session Mustardseed has touched the low of 2940 after opening at 2945, and finally settled at 2956. For today's session market is looking to take support at 2943, a break below could see a test of 2930 and where as resistance is now likely to be seen at 2966, a move above could see prices testing 2976.
Wheat yesterday traded with the positive node and settled 1.46% up at 1376.
Crude Palm oil yesterday traded with the positive node and settled 0.51% up at 572.3 tracking firmness in Malaysian palm oil which rose to a near two-week high on Friday, as traders cited strong export data amid concern that supplies will struggle to keep pace with robust demand. In yesterday's trading session Crude Palm oil has touched the low of 571 after opening at 571.6, and finally settled at 572.3. For today's session market is looking to take support at 571.2, a break below could see a test of 570.1 and where as resistance is now likely to be seen at 573.2, a move above could see prices testing 574.1.
Ref Soyaoil yesterday traded with the positive node and settled 0.87% up at 666.1 due to good demand in the spot market and an increase in Malaysian palm oil prices. At the Indore spot market soyoil edged up by 1.4 rupee to 649.3 rupees 10 kgs. In yesterday's trading session Ref Soyaoil has touched the low of 660.9 after opening at 660.9, and finally settled at 666.1. For today's session market is looking to take support at 662.5, a break below could see a test of 658.8 and where as resistance is now likely to be seen at 668.2, a move above could see prices testing 670.2.
Total world aluminum output in December rose by 70,000 metric tons to 2.128 million tons, from 2.058 million tons in November, according to figures released by the International Aluminum Institute. Aluminium has touched a low of Rs 109.5 a kg after opening at Rs 109.95, and last traded at Rs109.75.For today market is looking for the support at 109.5, a break below could see a test of 109.3 and where as resistance is now likely to be seen at 110, a move above could see prices testing 110.2.
Natural gas climbed on speculation that cold weather in the forecast would lead to Geojit Financial Services has reiterated its BUY recommendation on Lupin Limited, raising the target price to Rs 2,606 from the current market price of Rs 2,261, implying a potential upside of near
News in Focus
Featured, India Business, Analyst View, Geojit Financial Services, India, Lupin, Pharmaceutical Sector
Gold earrings have long been valued for their elegance, versatility, and enduring place in jewellery traditions.
Motilal Oswal Financial Services has reiterated its BUY recommendation on ICICI Bank, assigning a target price of Rs 1,750, implying an upside potential of about 41% from the current market price o
Sportradar Group AG has extended its data and audiovisual betting rights partnership with the All England Club, the governing body behind Wimbledon.
CT Interactive is accelerating its expansion across Latin America by securing certification for an additional 25 online casino games in Peru, one of the region’s most strategically important regula
The European online gaming industry continues to witness rapid expansion as content providers seek access to newly regulated and increasingly competitive markets.
Main Regional Stories
Featured, India Business, Analyst View, Geojit Financial Services, India, Power Sector, Torrent Power
Geojit Financial Services has upgraded Torrent Power Ltd. to a BUY rating with a 12-month target price of Rs. 1,638, implying an upside potential of nearly 15% from the current market price of Rs. 1,424.
Featured, India Business, Analyst View, Stock Markets, Finance Sector, India, Motilal Oswal, Shriram Transport Finance
Motilal Oswal Financial Services has reiterated its BUY recommendation on Shriram Finance (SHFL), assigning a target price of Rs 1,175, implying an upside potential of nearly 29% from the current market price of Rs 913.
Featured, India Business, Analyst View, Stock Markets, Honasa Consumer, ICICI Securities, India, Retail Sector
ICICI Securities has reiterated its BUY recommendation on Honasa Consumer Limited, raising its target price to Rs 550 from Rs 500, implying an upside potential of nearly 32% from the current market price of Rs 417.
Featured, India Business, Analyst View, Agriculture, Balkrishna Industries, Geojit Financial Services, India
Geojit Financial Services has upgraded Balkrishna Industries (BKT) to a BUY rating and assigned a 12-month target price of Rs. 2,547, implying an upside potential of approximately 16% from the current market price of Rs. 2,201.
