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 p
Copper ended down but recovered some of its early losses supported by speculative buying in commBOB Capital Markets has upgraded Kalyan Jewellers to BUY from HOLD with a target price of Rs 786, implying about 18% upside from Rs 664.
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Featured, India Business, Analyst View, BOB Capital Markets, Bullion Update, India, Kalyan Jewellers
Featured, India Business, Analyst View, Stock Markets, ICICI Securities, India, Steel Sector, Tata Steel
ICICI Securities has retained its BUY call on Tata Steel with a revised sum-of-the-parts target of Rs 230, implying 24% upside from Rs 185 over 12 months.
Axis Securities has kept its BUY call on Pricol Ltd with an unchanged target price of Rs 935, about 28% above the Nov. 5 closing price of Rs 728.
Featured, India Business, Analyst View, Auto Sector, BOB Capital Markets, India, Mahindra & Mahindra
BOB Capital Markets has retained its BUY rating on Mahindra & Mahindra but trimmed its target price to Rs 4,387 from Rs 4,530, still implying about 40% upside from the Rs 3,128 market price.
Featured, India Business, Analyst View, Stock Markets, ICICI Securities, India, Retail Sector, Swiggy
ICICI Securities has maintained its BUY rating on Swiggy but cut its target price to Rs 400 from Rs 520, still implying about 90% upside from the Rs 211 market price.
ICICI Direct, the retail research arm of ICICI Securities, has maintained its BUY call on Stylam Industries with a revised 12-month target price of Rs 3,750, about 21% above the current market pric
Main Regional Stories
ICICI Direct, the retail research arm of ICICI Securities, has reiterated its BUY call on Saregama India with a 12-month target price of Rs 740, about 16% above the Rs 638 market price, after the RPSG Group music label posted a robust September qu
Featured, India Business, Analyst View, Stock Markets, BOB Capital Markets, Cera Sanitaryware, India, Mumbai
BOB Capital Markets has maintained its BUY rating on Cera Sanitaryware with a target price of Rs 6,437, implying about 34% upside from the Nov. 5 closing price of Rs 4,802.
ICICI Securities has maintained its BUY call on Power Grid Corporation of India, trimming its target price to Rs 350 from Rs 360, which implies about 35% upside from the current market price of Rs 260.
Featured, Analyst View, Futures & Options, Stock Markets, Banking Sector, ICICI Securities, India, SBI
ICICI Securities has maintained its BUY call on State Bank of India with an unchanged target price of Rs 1,300, implying about 34% upside from the current market price of Rs 970.
