8/13/2019 MCX Commodity Market Updates By Theequicom 12-December

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11112222----DECDECDECDEC.... ----2013201320132013DAILY MCX NEWSLETTER

8/13/2019 MCX Commodity Market Updates By Theequicom 12-December

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BULLION

E Group report said unfortunately gold

naged the rally recently off anemic volume

a decline in open interest and therefore

me might suggest that gains were short

ering. However, with the last COT report

itioning placing the gold market net spec

g 48,522 contracts as of last week, it is

atable just how many players were caught

rt. On the other hand, gold might have

ied off a fresh downside breakout in the

lar, especially since the Dollar has seen a

es of declines in the face of good numbers

perhaps even hints of a looming budget

l.

ian demand continues to be muted on

her prices and import curbs despite the

dding season- a seasonally strong period

gold. At India's Multi Commodity

hange (MCX), gold for February delviery

up 0.17% to Rs 29586 per 10 gms. Gold

ures have steadily risen from the beginning

his month at 28829 to 29500 levels but still

rt of the 30,000 mark.

ENERGY

India government may not implement a

hike in diesel prices although state elect

are over. According to India Ratings (Ind

one time hike in prices can reduce under

recoveries. The quantum of gross under

recoveries (GUR) are guided by USD/IN

global oil prices.

Rupee remains vulnerable due to uncert

macro-economic environment. Iran nucl

deal did help in cooling down the marke

bullishness could emerging on increased

energy demand for heating in winter mo

Diesel gross under recoveries touched R

litre in mid-September on weak Rupee a

decreasing to Rs 3.5 lt in May.

Rating impact:

Despite increasing GUR, Ind-Ras rating

OMCs are likely to remain unchanged a

are based on the strategic importance of

sector to the sovereign. There is a strong

likelihood of government support if req

unless there is any perceived weakening

linkages, possibly due to a significant in

in the proportion of GUR they are forced

bear.

BASE METAL

India lead futures edged up on Thursday on

short covering amid depreciation of Indian

Rupee (INR) against US Dollar (USD). The

commodity is expected to trade with a

positive bias during intra-day trade.

INR was seen touching 61.85 against USD, a

apreciation of 0.61% as of 9.30 IST on

Thursday.

MCX nickel for October delivery was seen

trading on a positive note and is expected to

continue with the trend for the day.

8/13/2019 MCX Commodity Market Updates By Theequicom 12-December

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: A

A : 29650, 29800

: 29200, 28900

A : B

: A

A : 46250, 46500

: 45200, 44700

A : B

BULLION

8/13/2019 MCX Commodity Market Updates By Theequicom 12-December

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ENERGY

: A

A : 6060, 6100

: 5970, 5930A : B

: B

A : 270.50, 274.00

: 259.50, 256 00

A : B

8/13/2019 MCX Commodity Market Updates By Theequicom 12-December

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BASE METAL

: AA : 458.00, 462.00

: 450.50, 447.50

A : B

: A

A : 133.00, 134.50

: 129.50, 130.50

A : B

8/13/2019 MCX Commodity Market Updates By Theequicom 12-December

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: A

A : 122.50, 123.50

: 119.50, 118.00

A : B

: A

A : 111.50, 112.50

: 109.00, 108.00

A : B

: A

A : 872.00, 877.00 : 858.00, 852.50

A : B

8/13/2019 MCX Commodity Market Updates By Theequicom 12-December

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1254.69

20.290

03.290

98.34

AA A 04.343

AA 735.50

A 1386.00

61.8725

01.3793

102.557

00.8867

B 01.6361

A 01.0589

8/13/2019 MCX Commodity Market Updates By Theequicom 12-December

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8/13/2019 MCX Commodity Market Updates By Theequicom 12-December

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