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International Commodities Evening Update, April 29

International Commodities Evening Update, April 29

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Published by Angel Broking
29th April, 2013
29th April, 2013

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Categories:Types, Business/Law
Published by: Angel Broking on Apr 29, 2013
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Commodities Evening Update
 
International Commodities
Monday | April 29, 2013
 
Content 
Day’s o
verviewMarket HighlightsOutlookImportant Events for Today
Angel Commodities Broking Pvt. Ltd.
Registered Office: G-1, Ackruti Trade Centre, Rd. No. 7, MIDC, Andheri (E), Mumbai - 400 093.Corporate Office: 6th Floor, Ackruti Star, MIDC, Andheri (E), Mumbai - 400 093. Tel: (022) 2921 2000MCX Member ID: 12685 / FMC Regn No: MCX / TCM / CORP / 0037 NCDEX : Member ID 00220 / FMC Regn No: NCDEX / TCM / CORP / 0302
Disclaimer:
The information and opinions contained in the document have been compiled from sources believed to be reliable. The company does not warrant its accuracy, completeness andcorrectness. The document is not, and should not be construed as an offer to sell or solicitation to buy any commodities. This document may not be reproduced, distributed or published, in whole or in
part, by any recipient hereof for any purpose without prior permission from “Angel Commodities Broking (P) Ltd”. Your feedback is appreciated on
Research Team
Vedika Narvekar - Sr. Research Analyst
vedika.narvekar@angelbroking.com(022) 2921 2000 Extn :6130
Saif Mukadam
 –
Research Analyst
saif.mukadam@angelbroking.com(022) 2921 2000 Extn :6136
Anish Vyas - Research Analyst
anish.vyas@angelbroking.com(022) 2921 2000 Extn :6104
 
 
Commodities Evening Update
 
International Commodities
Monday | April 29, 2013
 
Performance during the day
as at 4.30 pm
 –
29
April ’13
 
Index Open High Low Last% Chgfrom PrevdayNifty
5877.60 5918.65 5868.80 5904.10 0.56
Sensex
19306.67 19428.94 19284.40 19387.50 0.52
Nikkei
13978.98 13983.87 13852.20 13884.13 -0.30
Kospi
1948.87 1948.97 1934.68 1940.70 -0.20
FTSE
16664.69 16867.60 16662.70 16662.70 1.44
Source: Reuters
as at 4.30 pm
 –
29
April ’13
 
Currency Open High Low Current% Chg fromPrev dayDollar Index
82.45 82.52 82.185 82.23 -0.41
Euro/$ Spot
1.3029 1.31 1.3026 1.3087 0.47
INR/$ Spot
54.398 54.398 54.18 54.18 -0.36
Source: Reuters
as at 4.30 pm
 –
29
April ’13
 
Commodity Unit Open High Low Last% ChgfromPrev daySpot Gold
$/oz
1461.71 1475.90 1461.59 1472.71 0.70
Comex Gold
Mar’13
 
$/oz
1462.70 1475.50 1462.30 1472.00 1.27
MCX Gold
 –
 
June’13
 
Rs/10gms
27200.00 27329.0 27132.0 27176.00 -0.05
Spot Silver
$/oz
23.93 24.39 23.93 24.27 1.21
Comex Silver
May’13
 
$/oz
28.23 24.355 23.915 24.24 2.03
MCX Silver
 –
 
May’13
 
Rs/kg
45150 45450 45081 45260 0.48
Crude Oil Nymex
 –May ‘
13
$/bbl
92.70 93.46 92.43 93.39 0.42
ICE -Brent CrudeOil*
$/bbl
102.79 103.25 102.57 103.14 -0.02
MCX Crude Oil
April’ ’13
 
Rs/bbl
5066 5072 5031 5068 -0.06
Copper LME - 3Month
$/tonne
7000.00 7135.00 6980.00 7112.50 1.06
MCX Copper -
April’13
 
Rs/kg
382.60 385.90 379.50 384.00 0.44
Zinc LME - 3 Month
$/tonne
1883.25 1897.00 1879.00 1892.00 0.37
Zinc MCX - April
’1
3
Rs/kg
101.00 101.00 100.00 100.45 -0.45
Lead LME - 3Month
$/tonne
2036 2042 2018 2030 -0.04
Lead MCX -April
’1
3
Rs/kg
109.40 109.70 108.40 108.95 -0.64
Nickel LME - 3Month
$/tonne
15200 15357 15181 15305 0.74
Nickel MCX -April
’1
3
Rs/kg
827.00 829.30 820.10 825.90 0.13
Aluminum LME - 3Month
$/tonne
1879.00 1888.00 1871.50 1876.75 0.11
Aluminum MCX -April
’1
3
Rs/kg
100.20 100.50 99.80 99.90 -0.50
Source: Reuters
.
News and Analysis
European RMPI increased to 44.2-mark in April.US dollar index decline by 0.41 percent today.European markets are trading higher as the Italy formed the newgovernment coupled with the expectations that the major centralbanks over the world may continue with the monetary stimuluspackages. Asian market ended on positive note. US stock futures aretrading in green.European Raw Materials Price Index (RMPI) increased by 0.5 points to44.2-mark in April as against a rise of 43.7-level in March.Spot gold prices increased by 0.7 percent today on the back of optimistic global market sentiments coupled with weakness in DX.Further, expectation that the major central banks over the world maycontinue with the monetary stimulus packages supported prices totrade on positive note. Additionally, favourable economic data fromEurope acted as a positive factor for the prices. In the Indian market,appreciation in the Indian Rupee capped sharp gains in the prices.Taking cues from rise in spot gold prices coupled with upside in thebase metal packs, Spot silver prices rose by 1.21 percent today.Further, optimistic global markets sentiments coupled with weaknessin DX supported prices to trade in green. Additionally, favorableeconomic data from Europe acted as positive factor.The base metals pack traded on a positive note on the back of weakness in DX coupled with rise in risk appetite in the global marketsentiments. Further, favorable economic data from Euro zone alongwith expectation of rise in pending home sales data from USsupported prices to trade in green. Additionally, expectation amongthe investors that major central banks over the world may continuewith the monetary easing acted as a positive factor.Copper, the leader of the base metals complex increased by 1.06percent on the back of weakness in DX, upbeat global marketsentiments along with expectation of rise in US pending home salesdata. Further, decline in LME inventory by 0.3 percent along withfavorable economic data from Euro zone supported prices to trade onpositive note. In the Indian, market appreciation in the Indian Rupeecapped sharp gains in the prices.Nymex crude oil prices increased by 0.42 percent today on the backof rise in risk appetite in the global market sentiments, weakness inDX along with favorable economic data from Euro zone. Further,expectation of positive economic data from US supported prices totrade in green. Additionally, expectation among the investors thatmajor central banks over the world may continue with the monetaryeasing acted as a positive factor.

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