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 pe
Minara Resources Ltd., Australia's second-largest nickel producer, reported second-quarter production dropped 15 percent after a pipeline failure at the Murrin Murrin plant in Western Australia. Nickel has touched a low of Rs 894.1 a kg after opening at Rs.898, and last traded at Rs 912.3.For today market is looking for the support at 899.5, a break below could see a test of 886.8 and where as resistance is now likely to be seen at 919.6, a move above could see prices testing 927.
Zinc volumes on the Shanghai Futures Exchange surged in the second quarter of this year, reinforcing pICICI Securities has maintained its BUY rating on Motherson Sumi Wiring India, keeping its target price unchanged at Rs50 — a 25% upside from the current market price of Rs40.
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Featured, India Business, Analyst View, Stock Markets, Auto Sector, ICICI Securities, India, Motherson Sumi Wiring
Motilal Oswal Financial Services has reiterated a BUY rating on Marico, maintaining its target price at Rs1,050 — a 20% upside from the current market price of Rs875.
Featured, Company Results, Analyst View, Futures & Options, Bullion Update, India, Kalyan Jewellers, Motilal Oswal
Motilal Oswal Financial Services has reiterated a BUY rating on Kalyan Jewellers, maintaining a target price of Rs700 — an 18% upside from the current market price of Rs591.
Motilal Oswal Financial Services has reiterated a BUY rating on Nuvama Wealth, raising its target price to Rs2,100 — a 16% upside from the current market price of Rs1,804.
Godrej Properties Share Price Could Reach Rs 2,350: Motilal Oswal Financial Services Remains Bullish
Featured, India Business, Analyst View, Stock Markets, Godrej Properties, India, Motilal Oswal, Real Estate
Godrej Properties Ltd reported a 22% year-on-year rise in pre-sales to Rs 86.5 billion in the first quarter of FY27, an 8% beat on brokerage estimates, driven by strong launches across Bengaluru, t
Motilal Oswal Financial Services has retained its BUY rating on DLF Limited, setting a target price of Rs755, implying a 17% upside from the current market price of Rs643.
Main Regional Stories
Motilal Oswal has reiterated a BUY rating on Blue Dart Express with a target price of Rs 6,100, implying 15% upside from the current market price of Rs 5,284.
Maharashtra has become the first Indian state to formally outlaw analogue paneer, a non-dairy imitation product linked to health complaints, in a sweeping one-year ban announced by Food and Drugs Administration (FDA) Commissioner Tukaram Mundhe.
Artificial intelligence is systematically reshaping the labor market, but not uniformly.
Featured, India Business, Analyst View, Stock Markets, Cummins India Ltd, Engineering Sector, India, Motilal Oswal
Motilal Oswal Financial Services has reiterated a Buy rating on Cummins India, trimming its target price slightly to Rs 6,500 from Rs 6,600, still implying 20% upside from the current market price of Rs 5,402.
