http://ripplesadvisory.com Click here and watch out the best Share and Stock Market recommendations or One missed call on 9644405056.
Saudi oil giant Aramco is buying an equity stake in Malaysian firm Petronas' major refining and petrochemicals project in the southeast Asian country, investing a total of $7 billion, the companies confirmed on Tuesday.
In a joint statement, the firms said Aramco will take a 50 percent stake in select ventures and assets in the Refinery and Petrochemical Integrated Development (RAPID) project developed by Malaysian state-controlled Petroliam Nasional Berhad, known as Petronas.
The deal signing was formally witnessed by Malaysian Prime Minister Najib Razak and Saudi King Salman, currently on a state visit to Malaysia.Petronas' Chief Executive Officer Wan Zulkiflee Wan Ariffin told reporters Aramco will take a 50 % stake in RAPID's refinery and cracker project.
Silver remained in range as market players looked ahead to U.S. President Trump's address to Congress on Tuesday for further details on his promises of tax reform. Investors also looked ahead to a speech by Federal Reserve Chair Janet Yellen on Friday for further hints on the timing of the next U.S. rate hike. In addition, market players will keep an eye out on a revised reading of fourth-quarter U.S.growth data on Tuesday to gauge the strength of the economy.
Get live News Updates visit us at http://ripplesadvisory.com or One Missed Call on @9644405056.
Cardamom futures were trading higher during the morning trade in the domestic market on Tuesday as investors and speculators built up fresh bets in the agri-commodity amid increase in physical demand for cardamom in the domestic spot market. Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, supported the upward trend in the domestic cardamom prices.
http://ripplesadvisory.com or One Missed Call on @9644405056.
At the MCX, cardamom futures for March 2017 contract is trading at Rs 1478 per kg, up by 0.56 %, after opening at Rs 1478.90, against a previous close of Rs 1469.70. It touched the intra-day high of Rs 1483.80.
Turmeric trading range for the day is 6604-6896.Turmeric prices dropped on weak physical demand at the spot market.In coming days, arrivals are expected to increase which could put pressure over prices.On the export front, country exported about 74,524 tons; up by 32% during April-Nov period compared to last year exports of 56,471 tons.In Nizamabad, a major spot market in AP, the price ended at 6980 Rupees dropped -1.25 Rupees.
Get live News Updates visit us at http://ripplesadvisory.com or One Missed Call on @9644405056.
Trading Ideas
Turmeric trading range for the day is 6604-6896.
Turmeric prices dropped on weak physical demand at the spot market.
In coming days, arrivals are expected to increase which could put pressure over prices.
On the export front, country exported about 74,524 tons; up by 32% during April-Nov period compared to last year exports of 56,471 tons.
In Nizamabad, a major spot market in AP, the price ended at 6980 Rupees dropped -1.25 Rupees.
Copper ended the session on 27 Feb 2017 at INR 395.05 per kg, up 0.27%. The prices tested a high of INR 395.80 per kg and a low of INR 390.50 per kg. Technical charts suggest that breach above INR 398 and 400 per kg will be beneficial for Copper. Indian Copper was not able to move past important resistance levels of Rs 398 on Monday.
http://ripplesadvisory.com Click here and watch out the best Share and Stock Market recommendations or One missed call on 9644405056.
Further appreciation from here can take prices close to INR 400 per kg. On the lower side Rs 392 and 390 per kg are the support levels. Till the prices are able to breach resistances, sell on rise is advisable. Losses are expected in Copper with opening can be near Rs 393 and 394 per kg.
NCDEX Sugar futures witnessed a lax movement yesterday amid mixed cues from the physical market. The NCDEX March Sugar futures have recently recovered from a three and half week low of Rs 3780 per quintal as traders focused on reports stating an early closure of the sugarcane crushing season this year.
Get live News Updates visit us at http://ripplesadvisory.com or One Missed Call on @9644405056.
The futures ended at Rs 3810 per quintal, down 0.21% on the day as spot prices managed to stay supported. Spot quotes were around Rs 3940 per quintal in Muzzafar Nagar, flat on the day. Sugar despatched by sugar mills across the country from 1st October 2016 to 31st January 2017, as reported by the sugar mills, is lower by 7.5 lac tons as compared to the sugar despatched in the first 4 months of the previous sugar season 2015-16 SS. The trend of lower sales noticed from October 2016, has continued even in January 2017.
भारतीय बास्केट के कच्चे तेल की अंतर्राष्ट्रीय कीमत शुक्रवार को 55.18 डॉलर प्रति बैरल दर्ज की गई। यह गुरुवार को दर्ज कीमत 55.48 डॉलर प्रति बैरल से कम है। पेट्रोलियम एवं प्राकृतिक गैस मंत्रालय के अधीनस्थ पेट्रोलियम नियोजन एवं विश्लेषण प्रकोष्ठ (पीपीएसी) ने सोमवार को यह जानकारी दी।
Fore More Update www.ripplesadvisory.com Miss Call This No.9644405056.
रुपये के संदर्भ में भारतीय बास्केट के कच्चे तेल की कीमत शुक्रवार को घटकर 3687.76 रुपये प्रति बैरल हो गई, जबकि गुरुवार को यह 3707.99 रुपये प्रति बैरल थी। रुपया शुक्रवार को 66.84 रुपये प्रति डॉलर के स्तर पर बंद हुआ।
Gold was steady on Tuesday, after falling from a 3-1/2-month high in the previous session, as investors awaited a speech by U.S. President Donald Trump later in the day for more clarity on his economic policy.
Spot gold was little changed at $1,252.90 per ounce at 0241 GMT. The metal hit its highest since Nov. 11 at $1,263.80 in the previous session on Monday. U.S. gold futures fell 0.4 percent to $1,253.80. Spot gold still targets $1,278 per ounce, following its break above a resistance at $1,249, Reuters Technical analyst Wang Tao said.
Click Here www.ripplesadvisory.com Miss Call This No.9644405056.
Investors are looking towards U.S. President Donald Trump's policy speech to a joint session of Congress on Tuesday night where he is expected to provide clues on his plans to cut taxes.
Get live News Updates visit us at http://ripplesadvisory.com or One Missed Call on @9644405056.
U.S. crude oil edged higher for a second day on Tuesday, underpinned by high compliance with OPEC's production cuts even as the market remains anchored by rising U.S. production.
The Organization of the Petroleum Exporting Countries (OPEC) has so far surprised the market by showing record compliance with oil-output curbs, and could improve in coming months as the biggest laggards - the United Arab Emirates and Iraq - pledge to catch up quickly with their targets.
"With the prospect of OPEC extending the current cuts even longer, we would expect to see prices continue to push higher from here," ANZ said in a note. West Texas Intermediate crude oil added 11 cents, or 0.2 %, to $54.16 a barrel by 0337 GMT, while benchmark Brent crude oil added 17 cents, or 0.3 percent, to $56.10 a barrel.
U.S. producers boosted crude production to over 9 million bpd during the week ended Feb. 17 for the first time since April 2016 as energy firms search for more oil, according to federal data. U.S. drillers added five oil rigs in the week to Feb. 24, bringing the total count up to 602, the most since October 2015, energy services firm Baker Hughes Inc said on Friday.
ओपेक की क्रूड उत्पादन कटौती डील के चलते कच्चे तेल में कटौती कायम है जिसके चलते क्रूड के भाव चढ़ गए है। फिलहाल ब्रेंट क्रूड 56 डॉलर पर कारोबार कर रहा है जबकि सोने में रिकवरी आई है और ये 3.5 महीने की ऊंचाई पर टिका हुआ है वहीं ट्रंप के संबोधन पर भी कमोडिटी और करेंसी बाजार की नजरें टिकी हुई है।
Click Here www.ripplesadvisory.com Miss Call This No.9644405056.
कच्चा तेल एमसीएक्स: खरीदें - 3600, स्टॉपलॉस - 3540, लक्ष्य - 3700.
सोना एमसीएक्स: खरीदें - 29550, स्टॉपलॉस - 29400, लक्ष्य - 29800.
Click Here www.ripplesadvisory.com Miss Call This No.9644405056.
As per second advance estimates for 2016/17, Production of jeera in Gujarat will be 2.21 lt, down almost 11% compared to last year production of 2.38 lt. In the current Rabi season, Gujarat farmers have planted Jeera in 2,78,700 hectares, down by 16,700 hectares compared to last year acreage of 2,95,400 hectares at the same time.
Sugar prices at futures counter closed lower on Wednesday on profit booking by the market participants expecting government interventions. The government has asked sugar mills to ensure adequate supplies to consumers. There are reports of 15% drop in sugar output till February 15’ 2017 compared to last year production.
Click Here www.ripplesadvisory.com Miss Call This No.9644405056.
Cotton prices are trading firm on good export demand for the good quality cotton. As per Cotton Corporation of India (CCI), around 30 lakh bales of cotton have been exported from the country as against a planned target of some 50-60 lakh bales this cotton season.