#stock future

Mentha oil on MCX settled up by 0.97% at 1307.2 as low level buying seen ahead of demand season starts in August. As per Central Institute of Medicinal and Aromatic Plants (CIMAP) mentha sowing touched 3 lakh ha. Sowing witnessed a huge jump this year because of high returns farmers experienced the whole of last year. This led to a fall in prices. The surge in output is likely due to buoyancy in planting intentions, not only in the traditional pockets of Uttar Pradesh and Bihar in recent days, but also in Madhya Pradesh. Due to improving exports prospects, estimates for ending stocks has been reduced even lower than previous year. Export demand of oil in global market is likely to be improved due to recovery in currency which is supportive for prices. Future demand of mentha oil is expected to rise as Colgate-Palmolive sees a rise in Sales by 4%; recorded net sales of Rs. 1,075.9 Crore for Q1. The company expects a pickup in rural demand over the coming quarters. Mentha oil spot at Sambhal closed at 1425.30 per 1kg. Spot prices was down by Rs.-5.50/-.Technically market is under fresh buying as market has witnessed gain in open interest by 5.31% to settled at 1130 while prices up 12.6 rupees, now Mentha oil is getting support at 1289.3 and below same could see a test of 1271.3 levels, and resistance is now likely to be seen at 1322, a move above could see prices testing 1336.7.

Aluminium on MCX settled up 0.11% at 140.6 as a typhoon in China hit the world's top aluminium producer and raised concerns about supply disruptions. Facilities belonging to China Hongqiao Group, the world's top aluminium producer, were damaged by flooding after Typhoon Lekima wreaked havoc in the smelting heartland of Shandong. Chinese aluminium deficit is very small. Expectations of high-season demand in September will accelerate destocking at producers, and this will support prices in the medium term. Demand growth has definitely been downgraded mainly due to the auto industry, adding that the deficit might close and even become a surplus for the rest of the year if consumption remains weak. China's exports of unwrought aluminium and aluminium products stood at 487,000 mt in July, down 6.17% from July 2018 and 4.51% from June, showed data from China Customs released on August 8. This brought exports in the first seven months of the year to 3.47 million mt, with a year-over-year increase of 7.2%. Exports declined from a year ago in July, marking the second month of a year-on-year slide this year, lowered by the relatively high price ratio of SHFE aluminium to its LME counterpart, the recovery of the Chinese yuan from June, and front-loading in May-June. Technically market is under short covering as market has witnessed drop in open interest by -5.04% to settled at 2053 while prices up 0.15 rupees, now Aluminium is getting support at 139.8 and below same could see a test of 139 levels, and resistance is now likely to be seen at 141.3, a move above could see prices testing 142.

लाल निशान में खुले बाजार, सेंसेक्स में 200 अंकों की गिरावट। वैश्विक बाजार में गिरावट के कारण घरेलू शेयर बाजार मंगलवार 13 जुलाई 2019 को बिकवाली के कारण लाल निशान में खुले। बंबई स्टॉक एक्सचेंज का 30 शेयरों का संवेदी सूचकांक सेंसेक्स 117 अंकों की गिरावट के साथ 37646 अंकों पर और नेशनल स्टॉक एक्सचेंज का 50 शेयरों का संवेदी सूचकांक निफ्टी 32 अंकों की गिरावट के साथ 11,076 अंकों पर खुला। सुबह 9.32 बजे सेंसेक्स 201 अंकों की गिरावट के साथ 37,380 अंकों पर और निफ्टी 36 अंकों की गिरावट के साथ 11,072 अंकों पर कारोबार कर रहे हैं। शुरुआती कारोबार में सेंसेक्स में भेल, अपोलो हॉस्पिटल, ग्रेफाइट, हेग, जमना ऑटो के शेयरों में मंदी का माहौल है।

Research Icon- Morning Update For The Day 11 June

Market Opens: Benchmark indices opened on a positive note on June 11 with Nifty around 11,950 level.

The Sensex is up 139.13 points at 39923.65, while Nifty is up 30.80 points at 11953.50. About 352 shares have advanced, 274 shares declined, and 35 shares are unchanged.

DHFL, Vedanta, UltraTech Cement, Tata Steel, IndusInd Bank, ITC, TCS, Coal India are some of the major gainers on the…

Research Icon- Opening Bell For The Date 11 June

NIFTY – Previous Close : 11,922.70 OPEN @ 11,959.85(+37.15)

SENSEX – Previous Close : 39,784.52 OPEN @ 39,900.45(+115.93)

BANK NIFTY – Previous Close : 31,034.00 OPEN @ : 31,172.25(+138.25)

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Ways2Capital : Asian Market Updates

Sensex

Price : 39,571.09 Today’s change: +460.88 (1.18%) Open: 39,591.80 Prev Close : 39,110.20

Nikkei

Price : 21,129.05 Today’s change : -154.32 (-0.73%) Open : 21,180.20 Prev Close : 21,283.40

Hang Seng

Price : 27,284.04 Today’s change :-421.90 (-1.52%) Open : 27,505.50 Prev Close : 27,705.90

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