Embed Size (px)
Citation preview
WISE M NEYA Weekly Update from SMC
(For private circulation only)
INDIA HOPES HIGH FOR NEXTPRESIDENT OF INDIA ELECTIONS ON 17TH JULY, 2017
2017: Issue 588, Week: 17th - 20th July
Bra
nd s
mc
412
Broking - Equity, Commodity & Currency | Wealth Management | Insurance Broking |
Real Estate Advisory | Mortgage Advisory | Distribution of IPOs, Mutual Funds, FDs & Bonds |
Investment Banking | NBFC Financing | AIF-II | PMS | Institutional Broking |Clearing Services |
NRI & FPI Services | Research
Call Toll-Free
1800 11 0909
NSE INB/INF/INE 230771431, BSE INB/INF 011343937, MSEI INB/INF 260771432 INE 260771431, CDSL/NSDL-IN-DP-130-2015 (SMC Global Securities Ltd.), NCDEX/MCX (8200)/NMCE/ICEX-INZ000035839 (SMC Comtrade Ltd.), PMS INP000003435 (SMC Investments and Advisors Ltd.) IRDAI Regi: No: DB 272/04 License No. 289, Valid upto 27/01/2020 (SMC Insurance Brokers Pvt. Ltd.), Merchant Banker INM000011427 (SMC Capitals Ltd.)
SMC Global Securities Ltd., CIN No.: L74899DL1994PLC063609 | SMC Comtrade Ltd., CIN : U67120DL1997PLC188881 | REGISTERED OFFICE: 11/6-B, Shanti
Chamber, Pusa Road, New Delhi - 110005, Tel +91-11-30111000 | Email us at: [email protected]
DELHI | MUMBAI | KOLKATA | AHMEDABAD | CHENNAI | BENGALURU | DUBAI | NEW YORK | ATLANTA | ORLANDO
Follow us on
employees
2,850+Workforce of
2,500+Large network of
sub-brokers & authorised persons
cities across India,
UAE & USA
500+ Covers
unique clients
18,00,000+Serving over
as on 31st March, 2017
Awarded by:
PROPERTY CONSULTANT OF THE YEAR - RESIDENTIAL
BEST EQUITY BROKINGHOUSE-DERIVATIVE
SEGMENT
INDIA'S BESTMARKET ANALYST
(COMMODITY FUNDAMENTAL)
Awarded by:
AWARDEDTHE BESTTIME ANDAGAIN.
www.smcindiaonline.com
triverse
From The Desk Of Editor
(Saurabh Jain)
SMC Global Securities Ltd. (hereinafter referred to as “SMC”) is a registered Member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited and its associate is member of MCX stock Exchange Limited. It is also registered as a Depository Participant with CDSL and NSDL. Its associates merchant banker and Portfolio Manager are registered with SEBI and NBFC registered with RBI. It also has registration with AMFI as a Mutual Fund Distributor.
SMC has applied with SEBI for registering as a Research Entity in terms of SEBI (Research Analyst) Regulations, 2014. SMC or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing /dealing in securities Market.
SMC or its associates including its relatives/analyst do not hold any financial interest/beneficial ownership of more than 1% in the company covered by Analyst. SMC or its associates and relatives does not have any material conflict of interest. SMC or its associates/analyst has not received any compensation from the company covered by Analyst during the past twelve months. The subject company has not been a client of SMC during the past twelve months. SMC or its associates has not received any compensation or other benefits from the company covered by analyst or third party in connection with the research report. The Analyst has not served as an officer, director or employee of company covered by Analyst and SMC has not been engaged in market making activity of the company covered by Analyst.
The views expressed are based solely on information available publicly available/internal data/ other reliable sources believed to be true.
SMC does not represent/ provide any warranty express or implied to the accuracy, contents or views expressed herein and investors are advised to independently evaluate the market conditions/risks involved before making any investment decision.
tock markets globally made fresh highs, as investors lapped up equities after U.S.
Federal Reserve Chairwoman Janet Yellen signaled that the Fed won't rush to Stighten monetary policy as inflation remains persistently below target. Also hopes of
a strong earnings season lifted the sentiments of the investors. The recent data from US
showed that the number of Americans filing for unemployment benefits fell for the first time
in a month and producer prices unexpectedly rose in June. Reflecting global demand, Chinese
exports rose 17.3 percent in the month of June and Imports rose at a pace of 23.1 percent.
Chinese authorities will release second quarter GDP numbers next week on 17th July.
Back at home, breaking boundaries, both Sensex and Nifty moved higher as inflation hit a
record low, offering the Reserve Bank of India (RBI) leeway for a policy rate cut. Also the
positive global cues post dovish statement from the Federal Reserve Chair Janet Yellen on
further rate hike supported the bulls. However, some nervousness also played on market
participants' minds following muted earnings posted by the country's largest software
exporter TCS. India's retail inflation fell to a new low in June as consumer prices rose 1.53
percent in June, compared to last year, slower than the 2.18 percent increase seen in May.
At below 2 percent, inflation has now fallen below the lower bound of the RBI's flexible
inflation target of 4 percent (+/- 2 percent). With weak inflation and Industrial growth that
came a rate of 1.7 percent for the month of May compared to 2.8 percent recorded in the
prior month, expectations of further cut in interest rates have risen by the Reserve bank of
India (RBI).
On the commodity market front, CRB index saw five months continuous decline and July is
already trading in negative zone and this is a concern for the market. However, in the last
week market saw some recovery owing to some upside in bullion, energy pack and some
industrial commodities, but recovery was marginal. Surging global stock markets is
dampening the safe haven demand of gold. Gold can face resistance near $1250 in COMEX
and 28600 in MCX while it has support near $1180 in COMEX and $27000 in MCX. Overall
crude oil can trade in the range of 2700-3100 in MCX. GDP of China, CPI of Newzeland, ECB
Bank Lending Survey, CPI of UK, Euro-Zone ZEW Survey, German ZEW Survey, BOJ Outlook
Report, BOJ Policy Balance Rate, Unemployment Rate of Australia, ECB Rate Decision, ECB
Asset Purchase Target, CPI of Canada etc are data and events, which are schedule this
week, hence it is advised to keep an eye on these triggers while trading in commodities.
Contents
Equity 4-7
Derivatives 8-9
Commodity 10-13
Currency 14
IPO 15
FD Monitor 16
Mutual Fund 17-18
SMC GLOBAL SECURITIES LTD.
REGISTERED OFFICES:
11 / 6B, Shanti Chamber, Pusa Road, New Delhi 110005.
Tel: 91-11-30111000, Fax: 91-11-25754365
MUMBAI OFFICE:
Lotus Corporate Park, A Wing 401 / 402 , 4th Floor ,
Graham Firth Steel Compound, Off Western Express Highway,
Jay Coach Signal, Goreagon (East) Mumbai - 400063
Tel: 91-22-67341600, Fax: 91-22-67341697
KOLKATA OFFICE:
18,Rabindra Sarani, Poddar Court, Gate No-4,5th Floor, Kolkata-700001
Tel : 91-33-39847000 Fax No : 91-33-39847004
AHMEDABAD OFFICE :
10/A, 4th Floor, Kalapurnam Building, Near Municipal Market,
C G Road, Ahmedabad-380009, Gujarat
Tel : 91-79-26424801 - 05, 40049801 - 03
CHENNAI OFFICE:
Salzburg Square, Flat No.1, III rd Floor, Door No.107, Harrington Road,
Chetpet, Chennai - 600031.
Tel: 044-39109100, Fax -044- 39109111
SECUNDERABAD OFFICE:
206, 3rd Floor, above CMR Exclusive, Bhuvana Towers, S.D.Road,
Secunderabad - 500003
Tel: 91-40-30780298/99, 39109536
DUBAI OFFICE:
2404, 1 Lake Plaza Tower, Cluster T, Jumeriah Lake Towers,
PO Box 117210, Dubai, UAE
Tel: 97145139780 Fax : 97145139781
Email ID : [email protected]
NEW YORK OFFICE:
Alliance Bernstein Building
1345 Avenue of the Americas
Second Floor, New York, NY 10105
Phone: (212) 878-3684
Toll-Free: (855) 589-1915
Fax: (866) 852-4236
Printed and Published on behalf of
Mr. Saurabh Jain @ Publication Address
11/6B, Shanti Chamber, Pusa Road, New Delhi-110005
Website: www.smcindiaonline.com
Investor Grievance : [email protected]
Printed at: S&S MARKETING102, Mahavirji Complex LSC-3, Rishabh Vihar, New Delhi - 110092 (India)
Ph.: +91-11- 43035012, 43035014, Email: [email protected]
10
SPICES
Soybean futures (Aug) will possibly trade sideways to down in the range of 2900-3100 levels. With the ongoing sowing season, there is cautiousness amid concerns of deficient rainfall impacting crop growth and induced a fear of re-sowing across key producing areas of Madhya Pradesh and Maharashtra. Presently, soybean prices are near a five-year low, and this is discouraging farmers from sowing the crop this season, hence they are not much interested and they are shifting mostly to cotton. While realization on soybean is seen around Rs.37,000 per ha, that on cotton would be around Rs.100,000 per ha. Secondly, crushers have been on the sidelines for making any bulk purchases amid low sales of meal. The uptrend of mustard futures (Aug) is likely to persist till it's taking support near 3620 levels, while the upside may remain restricted as there is resistance near 3740 levels. Fundamentally, mustard seed supply in the country is said to be abundant and thus any sharp rise in the commodity is unlikely. Stocks in the country as on June 31, estimated at 33.5 lac tons, which is more than sufficient to cater domestic demand for the remaining season (Feb-Jan). Ref. soy oil futures (Aug) may witness correction towards 635-630 levels. CPO futures (July) may trade with a downside bias & test 472 levels. Spot refined soy oil at the benchmark Indore declined marginally by Rs.2 to trade at Rs.640/10kg amid subdued demand. The buying momentum of edible oils are not picking pace as most of the central and western part of India, the major consuming belts has not received enough rains so temperatures are still high in those regions due to which retail demand is not improving.
OIL AND OILSEEDS
OTHER COMMODITIES
Kapas futures (April) has broken the major support near 860 levels & in days to come can see more downside till 820 levels. The sentiments have turned bearish on reports stated by the International Cotton Advisory Committee that India will likely be the world's largest producer for the third consecutive season with production growing by 6% to 6.1 million tons. An early and adequate monsoon, a higher minimum support price, and the prospect of better returns from cotton compared to competing crops have encouraged farmers in India to expand area by 8% to 11.3 million hectares. In addition, the U.S Department of Agriculture also reported that the world cotton stocks for 2017/18 is increased 934,000 bales owing in large part to an upward revision of 500,000 bales for India's estimated 2016/17 crop. Mentha oil futures (July) after witnessing an uptrend, may now go for a correction towards 920-910 levels due to profit booking from higher levels & facing resistance near 970 levels. The situation of the spot markets are that the sellers are asking for higher price, but buyers are doing only need-based buying as they are slightly cautious to buy at higher levels. Cotton oil seed cake futures (Aug) may continue to witness consolidation in the range of 1550-1650 levels. The demand is still dull from cattle feed manufacturers as they are still not ready to procure cotton oil cake at higher prices as Tur churi, Bajara churi, Guar churi and Chana churi which were priced way lower are still available in the range of Rs.1200-Rs.1500 /100Kgs which are used as substitutes for cotton oil cake. Another factor is the slow progress of monsoon, which traders are keeping a close watch are hence cautious in buying.
Bullion counter can remain on a weaker path on lack of safe haven demand and hawkish comments from Fed but short covering at lower levels cannot be denied. Local currency rupee can move in the range of 64-65. Gold can face resistance near $1250 in COMEX and 28600 in MCX while it has support near $1180 in COMEX and $27000 in MCX. Silver has key support near 34500 in MCX and $14 in COMEX. And it has resistance near 38500 in MCX and $17.50 in COMEX. India's gold imports in June more than tripled from a year ago as retail demand jumped ahead of the start of a new sales tax that prompted jewellers and bullion dealers to replenish stocks. According to GFMS “June gold imports climbed to an estimated 75 tonnes from 22.7 tonnes a year ago” Surging global stock markets is also dampening the safe haven demand of gold as, the MSCI world index hit a record high for the fourth time in less than a month as investors took Federal Reserve Chair Janet Yellen's Congressional testimony as a green light for risk-taking. The US economy is healthy enough for the Fed to raise interest rates, though low inflation and a low neutral rate could leave the central bank with diminished flexibility, Yellen stated last week. Geopolitical concerns out of the Korean peninsula are likely to supportive for the broader precious complex, while the Trump-Russia collusion story continues to create uncertainty across markets.
BULLIONS
Crude oil prices may continue to trade on a volatile path as increase in China crude oil imports are supporting the prices while supply glut in US is keeping the upside capped. Overall crude oil can trade in the range of 2700-3100 in MCX. According to customs data “China imported 36.11 million tonnes or 8.79 million barrels per day (bpd) of crude oil in June, again making the country the world's top buyer for the month as June imports were up 17.9 percent from a year earlier. OPEC compliance with production cuts slipped to 98 percent in June, but more importantly output from exempt (from cutting)members Libya and Nigeria is currently about 700,000 bpd higher than at the time of the November OPEC agreement, offsetting about 60 percent of the OPEC cuts. In recent past, oil has been under pressure as investors lost faith in a deal between OPEC and non-OPEC producers to reduce output. U.S. oil production has risen by more than 10 percent over the past year to 9.4 million bpd. OPEC expected demand for its crude to decline next year as rivals pump more, pointing to a market surplus in 2018 despite efforts to tighten supply. Natural gas may trade on volatile path in the range of 180-210 in MCX. U.S. Energy Information Administration showed that domestic supplies of natural gas rose by 57 billion cubic feet for the week ended July 7. Warmer than normal weather is forecast to cover most of the United States for the next 8-14 days, which should increase cooling demand which should spill over into natural gas demand.
ENERGY COMPLEX
Base metals may trade sideways with positive path amid supply concerns and better China economic data. China exports economy rose 11.3 percent from a year earlier, while imports expanded 17.2 percent. China posted a trade surplus of $42.77 billion in June wider than May's $40.81 billion. Copper may move in the range of 370-395 in MCX. Workers at the Zaldivar copper mine in Chile, owned by Antofagasta Plc and Barrick Gold Corp, will resume talks with Antofagasta after voting to strike. China's imports of copper and copper products for June were unchanged with May at 390,000 tonnes, reflecting a decline in refined imports this year. Lead can trade in the range of 143-156. Zinc can move in the range of 174-187. Zinc prices have climbed to their highest in more than three months as the market worries about falling stocks in exchange warehouses, shortages and expectations of stronger demand from top consumer China. Zinc inventories in warehouses monitored by the Shanghai Futures Exchange have plummeted more than 50 per cent to below 67,000 tonnes since January. Nickel can move in the range of 570-610 in MCX. Aluminum prices may trade in the range of 122-128 in MCX. Russia's Rusal has resumed construction of its long stalled Taishet aluminium smelter project in Siberia in expectation of a widening global aluminium deficit. Aluminium surged higher on concerns over potential supply curbs by major producer, China and this has sparked a rally in the metal. Aluminium stocks in LME fell another 6,525 tonnes, taking them back towards near nine-year low.
Turmeric futures (Aug) are on clouds nine & this bullish momentum is likely to persist as it has the potential to test 8000 levels. During the rally, some corrections may come on the way, but the dips can be taken as a buying opportunity for long term gains. The main reason for the bullishness is that the rainfall in turmeric growing regions in Telangana, Tamil Nadu, Karnataka and Maharashtra during the first 40 days of the four-month southwest monsoon has been below normal, which may have an adverse impact on the standing turmeric crops. The price of the yellow spice at the spot markets of Erode has already touched Rs.9000 a quintal & more upside is expected in days to come. The uptrend of cardamom futures (Aug) seems to remain intact & expected to take support near 990 levels, however more gains will emerge only if the counter breaches the resistance near 1050 levels. The export enquiries are being reported there but non-availability of exportable grade capsules is hindering the buying activities. Good quality capsules would be coming only from the second round of picking which is likely from middle of next month. Jeera futures (Aug) is looking bullish as it can test 21000 levels support by tight demand-supply situation prevailing in the country. It is estimated that around 15 lac bags (55kg each) of cumin seed now expected to left in hands of farmers, which is lower to meet domestic and export demand. Coriander futures (Aug) is likely to take support near 4800 levels. The supplies on the spot markets are on the lower side mainly due to farmers engagement with Kharif crop sowing.
BASE METALS
11
TECHNICAL RECOMMENDATIONS
COMMODITY
COPPER MCX (AUGUST) contract closed at `380.85 on 13th July'17. The contract made its high of
412.50 on 01st Mar'17 and a low of 357.65 on 08th May'17. The 18-day Exponential Moving Average of
the commodity is currently at 380.60.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 57. One can buy in the
range of 380 - 378 with the stop loss of 375 for a target of 392.
` `
`
` ` `
JEERA NCDEX (AUGUST) contract closed at 19835 on 13th July'17. The contract made its high of
20050 on 28th Apr'17 and a low of 17705 on 31st May'17. The 18-day Exponential Moving Average of the
commodity is currently at 18919.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 51. One can buy in the
range of 19700 - 19600 with the stop loss of 19500 for a target of 20000.
`
` `
`
` ` `
ALUMINIUM MCX (JULY) contract closed at 123.40 on 13th July'17. The contract made its high of
127.10 on 26th May'17 and a low of 119.75 on 26st June'17. The 18-day Exponential Moving Average of
the commodity is currently at 123.07.
On the daily chart, the commodity has Relative Strength Index (14-day) value of 48. One can buy in the
range of 123 – 122 with the stop loss of 120 for a target of 127.
`
` `
`
` ` `
COPPER MCX (AUGUST)
JEERA NCDEX (AUGUST)
ALUMINIUM MCX (JULY)
NOTES : 1) These levels should not be confused with the daily trend sheet, which is sent every morning by e-mail in the name of Daily report- commodities (Morning Mantra).
2) Sometimes you will find the stop loss to be too far but if we change the stop loss once, we will find more strength coming into the commodity. At the moment, the stop loss will be far as we are seeing the graphs on weekly basis and taking a long-term view and not a short-term view.
EXCHANGE COMMODITY CONTRACT CLOSING DATE TREND TREND RATE TREND SUPPORT RESISTANCE CLOSING
PRICE CHANGED CHANGED STOP/LOSS
NCDEX SOYABEAN AUG 2984.00 06.07.17 UP 3023.00 2900.00 - 2850.00
NCDEX JEERA AUG 19835.00 13.07.17 UP 19835.00 19000.00 - 18500.00
NCDEX REF.SOY OIL AUG 639.00 15.06.17 Sideways
NCDEX RM SEEDS AUG 3652.00 06.07.17 UP 3665.00 3550.00 - 3500.00
NMCE PEPPER MINI AUG 51280.00 11.05.17 Down 55957.00 - 52000.00 54000.00
NMCE RUBBER AUG 13690.00 13.07.17 Sideways
MCX MENTHA OIL JULY 943.30 23.03.17 Down 978.20 - 950.00 970.00
MCX CARDAMOM AUG 1022.70 06.07.17 Sideways
MCX SILVER SEP 36590.00 04.05.17 Down 38052.00 - 37700.00 38500.00
MCX GOLD AUG 27837.00 04.05.17 Down 28072.00 - 28600.00 29200.00
MCX COPPER AUG 380.85 29.06.17 UP 388.25 372.00 - 365.00
MCX LEAD JULY 146.95 23.06.17 UP 142.30 142.00 - 140.00
MCX ZINC JULY 180.20 23.06.17 UP 174.50 174.00 169.00
MCX NICKEL JULY 591.50 30.03.17 Down 653.00 - 610.00 630.00
MCX ALUMINIUM JULY 123.40 12.04.17 Sideways
MCX CRUDE OIL JULY 2964.00 15.06.17 Down 2903.00 - 2975.00 2985.00
MCX NATURAL GAS JULY 192.20 01.06.17 Down 194.30 - 202.00 205.00
TREND SHEET
*Closing as on 13.07.17
COMMODITY
NEWS DIGEST
CRB index saw five months continuous decline and July is already trading in negative zone and
this is a concern for the market. However, in the last week market saw some recovery owing to
some upside in bullion, energy pack and some industrial commodities, but recovery was
marginal. Downside in dollar index also supported upside. Oil climbed as a lower 2018 forecast
on U.S. crude production and speculation of possible output curbs in Libya and Nigeria fueled
buying. The U.S. Energy Information Administration lowered its WTI and Brent oil-price
forecasts for this year and next and cut its 2018 U.S. production forecast by 1% to 9.90 million
barrels a day. Natural gas prices too strengthened. Limited buying was witnessed in bullion
counter. Gold prices rose after U.S. Federal Reserve Chair Janet Yellen said the central bank
would only gradually tighten monetary policy, curbing speculation that interest rates would
rise more than once this year. Appreciation in local currency capped the upside of this counter.
In base metals, copper and nickel prices strengthened, zinc was sideways whereas aluminum
and lead shed some of their previous gain. Copper futures rose, buoyed by a weaker U.S.
dollar. China's imports of copper and copper products for June were unchanged with May at
390,000 tonnes. Zinc prices climbed to their highest in more than three months on Wednesday
as the market worried about falling stocks in exchange warehouses, shortages and
expectations of stronger demand from China, but, couldn't sustain at the higher levels.
It was a bearish week for oil seeds and edible oil counter. The agriculture department in
Rajasthan has estimated mustard output in 2016-17 (Jul-Jun) to rise by 21% on year to 3.94 mln
tn because of higher yields. Rajasthan is one of the major producers of mustard seed in the
country. In spices, jeera saw magical upside on strong export numbers. It was just few points
shy away from 20000 marks. Profit booking by participants at existing level, fall in demand
against adequate stocks position, mainly led to decline in cardamom prices at futures trade.
Amid pick up in demand at domestic spot market and restricted supplies from producing
regions, mentha oil prices traded up. Sugar prices saw no respite and it fell further on bearish
news. The Indian Sugar Mills Association has pegged the country's sugar output in 2017-18 (Oct-
Sep) at 25.1 mln tn, up 23.6% from 20.3 mln tn produced in the previous year.
WEEKLY COMMENTARY
COMMODITY UNIT 13.07.17 DIFFERENCEQTY. QTY.
CASTOR SEED MT 50568.00 50955.00 387.00
CORIANDER NEW MT 23230.00 22542.00 -688.00
COTTON SEED O.C MT 14734.00 16802.00 2068.00
GUARGUM MT 16827.00 15435.00 -1392.00
GUARSEED MT 11676.00 11715.00 39.00
JEERA NEW MT 1007.00 1265.00 258.00
MAIZE MT 3732.00 4066.00 334.00
RM SEED MT 30071.00 29779.00 -292.00
SOYBEAN MT 36950.00 37284.00 334.00
TURMERIC MT 5351.00 5440.00 89.00
WHEAT MT 10540.00 10690.00 150.00
06.07.17 COMMODITY UNIT 13.07.17 DIFFERENCE
QTY. QTY.
CARDAMOM MT 0.90 1.00 0.10
COTTON BALES 39200.00 34600.00 -4600.00
GOLD KGS 20.00 20.00 0.00
GOLD MINI KGS 456.00 79.00 -377.00
GOLD GUINEA KGS 4.25 4.22 -0.03
MENTHA OIL KGS 949315.10 1310267.15 360952.05
SILVER (30 KG Bar) KGS 8996.01 2873.19 -6122.82
05.07.17
•Futures contract in Chana (Symbol: CHANA) expiring in the months of September, October and November available on NCDEX for trading from July 14, 2017.
•China's iron ore imports rose 15% in June from a year ago as higher steel prices led to greater demand.
•US Initial claims for state unemployment benefits dropped 3,000 to a seasonally adjusted 247,000 for the week ended July 8.
•OPEC's compliance with production cuts fell in June to its lowest levels in six months.
•Additional margin on both long side and short side reduced from existing 10% to 5% on all the running contracts and yet to be launched contracts in Jeera (JEERAUNJHA) w.e.f July 12, 2017.
•Approved warehouses of the NCDEX would now be available for withdrawal of commodities on all Saturdays except those Saturdays which are declared as a holiday by the Exchange.
•The agriculture department in Rajasthan has estimated mustard output in 2016-17 (Jul-Jun) to rise by 21% on year to 3.94 million tons because of higher yields.
•The government had 32.3 million tons wheat in its stock, up 2.1 million tons on year and 2 million tons higher than the buffer norm of nearly 30.0 million tons, as of July 1. - FCI
•ISMA has pegged the country's sugar output in 2017-18 (Oct-Sep) at 25.1 million tons, up 23.6% from 20.3 million tons produced in the previous year.
WEEKLY STOCK POSITIONS IN WAREHOUSE (MCX)
12
WEEKLY STOCK POSITIONS IN WAREHOUSE (NCDEX)
NCDEX TOP GAINERS & LOSERS (% Change) MCX TOP GAINERS & LOSERS (% Change)
2.80%
2.00%
1.42%
0.92% 0.88%
-3.64%-3.41%
-1.81%
-1.01%
-0.46%
-4%
-3%
-2%
-1%
0%
1%
2%
3%
4%
COTTON GOLD GUINEA CPORBD
PALMOLEIN LEAD NATURAL GAS CRUDE OIL NICKELSILVER MICRO MENTHA OIL
7.25%
4.72%
1.56% 1.37% 1.31%
-3.57%
-3.04%
-2.36%
-1.61%-1.22%
- 6%
- 4%
- 2%
0%
2%
4%
6%
8%
JEERA TURMERICRM SEEDOIL CAKE CORIANDER
MAIZE RABI BARLEY
NEW STEEL LONG SUGAR M KAPAS
COTTON SEEDOIL CAKE
COMMODITY
COMMODITY EXCHANGE CONTRACT 07 13.07.17 CHANGE%
ALUMINIUM LME 3 MONTHS 1920.00 1911.00 -0.47
COPPER LME 3 MONTHS 5809.00 5902.00 1.60
LEAD LME 3 MONTHS 2270.00 2294.00 1.06
NICKEL LME 3 MONTHS 8950.00 9185.00 2.63
ZINC LME 3 MONTHS 2778.00 2826.00 1.73
GOLD COMEX AUG 1209.70 1217.30 0.63
SILVER COMEX SEPT 15.43 15.69 1.69
LIGHT CRUDE OIL NYMEX AUG 44.23 46.08 4.18
NATURAL GAS NYMEX AUG 2.86 2.96 3.50
.07.17
PRICES OF METALS IN LME/ COMEX/ NYMEX (in US $)
WEEKLY STOCK POSITIONS IN LME (IN TONNES)
COMMODITY STOCK POSITION STOCK POSITION DIFFERENCE
06.07.17 13.07.17
ALUMINIUM 1397375 1392625 -4750
COPPER 315925 318550 2625
NICKEL 370284 376476 6192
LEAD 161925 158625 -3300
ZINC 284850 273675 -11175
INTERNATIONAL COMMODITY PRICES
COMMODITY EXCHANGE CONTRACT UNIT 07.07.17 13.07.17 CHANGE(%)
Soybean CBOT NOV Cent per Bushel 1015.50 987.50 -2.76
Soy oil CBOT DEC Cent per Pound 33.32 33.50 0.54
CPO BMD SEPT MYR per MT 2554.00 2557.00 0.12
Sugar LIFFE AUG 10 cents per MT 418.10 418.20 0.02
13
SPOT PRICES (% change) Chana (gram) futures again on trading platform
Leading agri-commodity exchange NCDEX has relaunched the chana futures contract on July 14, 2017 after market regulator SEBI has lifted ban on futures trading in chana (gram) to ensure better price realisation for farmers. The decision was taken after a recent PMO meeting held to assess prices of farm commodities, supply and demand situation against the backdrop of bumper crop in 2016-17 crop year. SEBI in June last year had suspended introduction of any new contracts in chana to curb speculation and check prices.
The country has achieved record pulse production of over 224 lakh tonnes in 2016-17 crop years (July-June), sharply higher than the 164 lakh tons produced in the previous drought-hit year. Due to this, the pulses prices have declined in the domestic market from sharply high levels to even below the minimum support prices. By February 2017, chana prices had fallen down to the MSP set at Rs. 4000 per quintal though prices of the crop firmed up thereafter and have stayed a little above that level. By considering the situation of record pulse production and to ensure better prices to farmers for the rabi (winter) pulse crop, the Agriculture Ministry was in favour of allowing futures trade in chana. This would help farmers to know the future price of the commodity and hedge their produce against price risk. So with prices below or at minimum support price (MSP), SEBI has given a nod for it to be launched back.
The country has harvested more than 90 lakh tons chana in 2016-17 crop year (July-June). In 2016-17 crop season, with a bare minimum of 5 lakh tonnes of carry-in stock, the production of 224 lakh tonnes and the normal annual import of 50 lakh tonnes, the total supply is estimated to around 280 lakh tonnes. The government agencies have procured almost 20 lakh tonnes for buffer stock. The total consumption in 2016-2017 crop seasons is estimated to around 260 lakh tonnes as low prices bring more consumers.
Currently futures contract in Chana expiring in the months of September 2017, October 2017 and November 2017 are be available for trading from July 14, 2017.
Contract Specifications
-2.38
-1.69
-1.15
-0.93
-0.16
0.00
0.30
0.62
0.70
0.72
1.02
1.74
2.01
2.57
3.47
11.70
-4.00 -2.00 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00
SUGAR (KOLKATA)
RAW JUTE (KOLKATA)
GUR (MUZAFFARNGR.)
CRUDE PALM OIL (KANDLA)
PEPPER MALABAR GAR (KOCHI)
COTTON (KADI)
GUAR GUM (JODHPUR)
GUAR SEED (JODHPUR)
COTTON SEED OIL CAKE (AKOLA)
BARLEY (JAIPUR)
WHEAT (DELHI)
SOYABEAN (INDORE)
MUSTARD (JAIPUR)
CORIANDER (KOTA)
JEERA (UNJHA)
TURMERIC (NIZAMABAD)
Commodity Chana
Ticker Symbol CHANA
Tick Size Rs 1/-
Unit of trading 10MT
Delivery unit 10MT
Quotation/base value Rs. Per Quintal (100 kg)
Position limits Member level: Maximum of 300000 MT or 15 % of Market-wide Open Interest whichever is higher.
Client level: 30000 MT
Quantity variation +/- 5 %
Delivery center Desi Unprocessed Whole Raw Chana to be delivered at Bikaner & Ganj Basoda (Upto the radius of 100 kms from the municipal limits)
Price band The daily price fluctuation limit is (+/-) 3%. If the trade hits the prescribed daily price limit, there will be a cooling off period for 15 minutes. Trade will be allowed during this cooling off period within the price band. Thereafter, the price band would be raised by (+/-) 1% and trade will be resumed. No trade / order shall be permitted during the day beyond the revised limit of (+/-) 4%.
Maximum Order Size 500MT
Minimum Initial Margin 4 %
Mr. Anurag Bansal (Director, SMC Global Securities Ltd.) sharing his views during SME Activator Summit organized
by The Economic Times on 29th June 2017 at Hotel Trident, BKC, Mumbai.
To register, visit www.smcphc.in
Give us a missed call
9560 116 116
Broking - Equity, Commodity & Currency | Wealth Management | Insurance Broking | Real Estate Advisory | Mortgage Advisory |
Distribution of IPOs, Mutual Funds, FDs & Bonds | Investment Banking | NBFC Financing | AIF-II | PMS | Institutional Broking |
Clearing Services | NRI & FPI Services | Research
www.smcphc.in
Investment in securities market are subject to market risks, read all the related document carefully before investing • Insurance is the subject matter of solicitation • All insurance products sold through SMC Insurance Brokers Pvt.
Ltd. • Investment Banking Services provided by SMC Capitals Ltd. • Equity PMS and Wealth management services provided by SMC Investments & Advisors Ltd. • IPOs and Mutual Funds distribution services are provided by SMC
Global Securities Ltd. only as a distributor. • Financing Services provided by Moneywise Financial Services Pvt Ltd. • Commodity broking services provided by SMC Comtrade Ltd. • Real Estate Advisory services are offered through
SMC Real Estate Advisors Pvt. Ltd. • The portfolio management service is not being provided for commodity trading.
NSE INB/INF/INE 230771431, BSE INB/INF 011343937, MSEI INB/INF 260771432 INE 260771431, CDSL/NSDL-IN-DP-NSDL-130-2015 (SMC Global Securities Ltd.), NCDEX/MCX (8200)/NMCE/ICEX-INZ000035839 (SMC Comtrade Ltd.), PMS INP000003435 (SMC Investments and Advisors Ltd.) IRDAI Regi. No: DB 272/04 License No. 289, Valid upto 27/01/2020 (SMC Insurance Brokers Pvt. Ltd.), Merchant Banker INM000011427 (SMC Capitals Ltd.)
DELHI | MUMBAI | KOLKATA | AHMEDABAD | CHENNAI | BENGALURU | DUBAI | NEW YORK | ATLANTA | ORLANDO
SMC Global Securities Ltd., CIN No.: L74899DL1994PLC063609 | SMC Comtrade Ltd., CIN : U67120DL1997PLC188881 | REGISTERED OFFICE: 11/6-B, Shanti Chamber,
Pusa Road, New Delhi - 110005, Tel +91-11-30111000 | Email us at: [email protected]
Follow us on *T&
C a
pp
ly
triverse
MINUTES
Detailed portfolio analysis
Restructure investmentportfolio based onrisk-return profile
Latest news & updates on regular investments
Check health of yourequity & mutual funds portfolio
Simply upload yourConsolidated AccountStatement (CAS)
Choice to enter your portfolio manually
CHECK YOUR equity andmutual funds PORTFOLIO HEALTH
IN 2 MINuteS
CHECK YOUR equity and mutual funds PORTFOLIO HEALTH
IN 2 MINuteS(By simply uploading your CAS report)
