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- SBI shelves IPO plans for general insurance arm; card JV to hit market in Q4
- Trade setup: Don’t chase any Nifty bounce blindly; stay stock specific
- Saudi stocks dip 3% in first session after oil attack
- Sebi mulls new whistle-blower mechanism for auditors, other 'gate-keepers'
- Tweet Buster: India’s sweet spot & why auto deserves no GST cut
- Global spare oil capacity in US hands after Saudi outage
- Some parts of power sector look up thanks to govt steps
- FPIs turn net buyers, infuse Rs 1,841 cr in September first half
- IPO market: Only 11 cos hit bourses this year compared to 24 in 2018
Commodity Watch
15 Sep | 06:09PM
FUTURES PRICE(Near month contract prices)
SBI shelves IPO plans for general insurance arm; card JV to hit market in Q4
Investor interest for its cards business is very high, and SBI Card listing will happen in the March quarter, Rajnish Kumar said.
Gold faces third weekly fall on upbeat shares, yields
Spot gold fell 0.2% to $1,495.41 per ounce at 11:00 a.m. EDT (1500 GMT), and has fallen about 0.7% for the week so far.
Oil slips as demand concern contends with US-China trade hopes
Brent crude futures fell 28 cents to $60.10 a barrel by 11:24 a.m. EDT (1524 GMT).
Gold rises Rs 70 to Rs 38,695 per 10 gm
Silver prices also witnessed a gain of Rs 172 to Rs 48,400 per kilogram.
Top News
Gold Rate Today: Gold trades lower in afternoon trade, may correct further Commodity outlook: How will bullion, oil, agri-commodities trade today August gems & jewellery exports dive on protests in HK, tariff war Gold’s next hurdle to kick in at Rs 40,300 Gold rises on lingering growth risks as spotlight turns to ECB Oil prices fall after Opec+ talks, ECB rate cut Opec members Iraq, Nigeria agree to cut oil output
Vegetable oils imports rise 5% to 15,86,514 tonnes in August
Overall import of vegetable oils during November 2018 to August 2019 is reported at 12,867,486 tonnes.
Calendar Spread
(Far - Near month contract)
Commodities
SPREAD (Rs)
CHART (Day)
Calendar Spread
(Far - Near month contract)
Calendar Spread means entering a long and short position on the same underlying asset futures but with different delivery months. The strategy to play with calendar spread is to understand how much premium/discount two different contracts are trading at.(Far - Near month contract)
Disclaimer:These Strategies are not ET recommended its a market overview.
(Near Month Futures - Spot Price)
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FUTURES (Rs)
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PREM/DISC
Calender Spread
Premium = Futures Price > Spot Price
Discount = Futures Price < Spot Price
Its relevance in derivatives market is to understand the trend whether it’s bullish or bearish. Moreover it helps arbitrageurs and hedgers to decide on cost of carry.Premium = Futures Price > Spot Price
Discount = Futures Price < Spot Price
Disclaimer:These Strategies are not ET recommended its a market overview.
Hot/Cold Contract
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Gold faces third weekly fall on upbeat shares, yields
Spot gold fell 0.2% to $1,495.41 per ounce at 11:00 a.m. EDT (1500 GMT), and has fallen about 0.7% for the week so far.
Spot gold fell 0.2% to $1,495.41 per ounce at 11:00 a.m. EDT (1500 GMT), and has fallen about 0.7% for the week so far.
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Crude oil futures up on spot demand
The rise in crude oil futures was largely in tandem with a firm trend in markets here.
The rise in crude oil futures was largely in tandem with a firm trend in markets here.
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Commodity Outlook: Buy copper on dips, sell crude oil on rise
MCX Gold has intraday support at Rs 37,750 whereas resistance is at Rs 38,180.
MCX Gold has intraday support at Rs 37,750 whereas resistance is at Rs 38,180.
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Cardamom prices remain robust due to high demand
Cardamom prices have plunged 35 per cent in one month as harvest of new crop begins.
Cardamom prices have plunged 35 per cent in one month as harvest of new crop begins.
Forex Calculator
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Agri Commodities: Guar gum, castor seed, coriander rise on spot demand
Guar seed contracts for August delivery also rose by Rs 16.5 to Rs 4,330 per 10 quintal.
Guar seed contracts for August delivery also rose by Rs 16.5 to Rs 4,330 per 10 quintal.
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Poor response to MMTC tender delays maize imports
"A few big players have also applied for import of maize in large volumes," said Babu.
"A few big players have also applied for import of maize in large volumes," said Babu.
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Cotton futures fall on weak domestic and export demand
In the global market, Indian prices are 10-15 per cent higher than the US, Brazil and Pakistan.
In the global market, Indian prices are 10-15 per cent higher than the US, Brazil and Pakistan.
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Mentha oil futures decline on weak spot demand
Mentha has formed a ‘bearish’ candle while August futures are consolidating in the Rs 1,290-1,315 range.
Mentha has formed a ‘bearish’ candle while August futures are consolidating in the Rs 1,290-1,315 range.
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