Turmeric yesterday we have seen that market has moved -0.62% on profit-booking after rising nearly 5 percent in six trading sessions and on hopes of revival in monsoon, which may boost sowing. In Nizamabad, a major spot market in Andhra Pradesh, turmeric was up 110 rupees to 15,085 rupees per 100 kg. Market has opened at 14710 & made a low of 14624 versus the day high of 14822. The total volume for the day was at 2140 lots and the open interest was at 6875.Support for turmeric is at 14597 below that could see a test of 14511. Resistance is now seen at 14795 above that could see a resistance of 14907.
Chana dropped Rs 11 and settled at Rs 2292 per quintal as ample stocks and good rainfall over kharif pulses growing areas that led to sufficient moisture in the soil accelerated sowing. Rainfall in the past week has accelerated sowing of kharif pulses in our area. In Delhi spot market, chana gained 27 rupees to end at 2,199 rupees per 100 kg. The volume was noted at 132800 lots. Support for chana is at 2280 below that could see a test of 2267. Resistance is now seen at 2316 above that could see a resistance of 2339.
Soyabean yesterday we have seen that market has moved -0.46% as sowing picked up in main growing areas. Soybean sowing has been accelerated in central India. Farmers are bringing old stock in spot market fearing prices may fall once new crop arrivals start from October. In the Indore spot market, soybean fell by 6 rupees to 1,894 rupees per 100 kg. Market has opened at 1945 & made a low of 1931 versus the day high of 1955. The total volume for the day was at 47880 lots and the open interest was at 125830.Support for soyabean is at 1929 below that could see a test of 1918. Resistance is now seen at 1953 above that could see a resistance of 1966.
Mentha oil July contract dropped Rs 8 and settled at Rs 697.9 a kg tracking weakness in spot market. The contract made intraday low of Rs 697 a kg and high of Rs 707.2 a kg with the volume of 1883 and total open interest for the same contact was at 4495.Now support for the menthol is seen at 694.2 and below could see a test of 690.5. Resistance is now likely to be seen at 704.4, a move above could see prices testing 710.9.
Pepper August delivery dropped Rs 104 and settled at Rs 19433/quintal as profit-booking emerged after prices rose nearly 10 percent in six trading sessions. Prices have risen significantly in the past week. Spot pepper jumped 439 rupees to end at 19,161 rupees per 100 kg in Kochi. The contract touched the intraday high of Rs 19760/quintal while low of Rs 19291/quintal. Now support for the pepper is seen at 19229 and below could see a test of 19026. Resistance is now likely to be seen at 19698, a move above could see prices testing 19964.
Guar yesterday we have seen that market has moved -1.26% on profit-booking after rising more than 2 peWaaree Energies shares closed 3 percent lower on Friday as overall sentiment in the markets was bearish. As global markets faced selling, Indian equities traded lower for most of the session.
News in Focus
For most large-scale companies, the active user base is in the tens and hundreds of thousands.
Infosys and Formula E have unveiled a next-generation, AI-powered Race Centre designed to fundamentally transform how fans experience motorsport.
In an increasingly privacy-conscious digital landscape, Mozilla’s latest browser release marks a calculated evolution rather than a cosmetic upgrade.
PAYTM Share Price Declined 5.2 percent on Friday as overall market sentiment turned bearish due to uncertainty around Israel-Iran war.
Rigetti Computing Inc (NASDAQ: RGTI) stock price declined 7.5 percent on Friday as the stock faced strong selling pressure.
Main Regional Stories
Palantir Technologies stock declined further on Friday as selling continued in technology stocks.
The partnership between McLaren Racing and Hedera marks a calculated convergence of global sport and enterprise blockchain, positioning both entities at the forefront of fan engagement innovation.
Motilal Oswal Financial Services has initiated coverage on Bajaj Finserv with a Neutral rating and a target price of Rs 1,900, implying moderate upside from current levels.
Featured, India Business, Analyst View, Auto Sector, BOB Capital Markets, Hyundai Motor India, India
Hyundai Motors India (HMIL) has emerged as a structurally resilient auto player, balancing growth ambitions with disciplined profitability.
