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NCDEX Aug Soybean edged higher mainly on short covering from the lower levels. Prices are still under pressure due to disappointed meal exports figures and good monsoon rains in the soybean bowl in Madhya Pradesh. As per SOPA, press release, the arrivals of soybean improved during June to 4.5 lt compared to Apr and May. Overall, arrivals this season is 89.25 lt compared to 75 lt last year. Outlook Soybean futures expected to trade sideways due to expectation of improving sowing progress in central India due to fast progress of monsoon rains. Moreover increasing import duty for edible oil will support oilseed prices. However, declining meal exports may put extra pressure on Oilseeds as the sowing season progressing. If you want to know more about our services, please visit  Commodity tips

Oil prices rose on Friday as U.S. oil producers in the Gulf of Mexico cut more than half their output in the face of a tropical storm and as tensions continued in the Middle East. Brent crude futures were up 37 cents, or 0.6%, at $66.89 per barrel by 0115 GMT. The international benchmark settled down 0.7% on Thursday after hitting its highest since May 30 at $67.52 a barrel. U.S. West Texas Intermediate (WTI) crude futures were up 34 cents, or 0.6%, at $60.54 a barrel. The U.S. benchmark closed 0.38% lower on Thursday after marking its highest since May 23 at $60.94. By Thursday, oil companies in the Gulf of Mexico had cut more than 1 million barrels per day (bpd) of output, or 53% of the region's production, due to Tropical Storm Barry. The storm was forecast to become a category one hurricane with at least 74-mile-per hour (119 km-per-hour) winds. "Brent crude oil ... extended its gains as storms in the Gulf of Mexico halted production of oil and U....

Gold prices rose on Friday and were on track to post a weekly gain, consolidating above $1,400 as renewed Sino-U.S. trade tensions amid global growth jitters and prospects of an interest rate cut by the U.S. Federal Reserve stoked safe-haven demand. Spot gold was up 0.3% at $1,407.69 per ounce as of 0426 GMT. Gold has risen nearly 0.6% so far this week. U.S. gold futures were up 0.2% at $1,409.90 an ounce. "We have a slightly weaker U.S. dollar, tensions in the Middle East and once again, prolonged trade dispute between the U.S. and China, which are all supportive," said Michael McCarthy, chief market strategist, CMC Markets. Fed Chair Jerome Powell indicated on Thursday that a rate cut is likely at the Fed's next meeting as businesses slow investment due to trade disputes and a global growth slowdown. Meanwhile, U.S. President Donald Trump said China was not living up to promises it made on buying agricultural products from American farmers. ...

HDFC Shares Gain after CLSA Raises Target Housing Development Finance Corporation shares gained a percent intraday after CLSA raised price target of its top pick. "We maintain buy call and raised price target to Rs 2,730 from Rs 2,500, implying 20.7 percent potential upside after analysing Annual Report of the company," CLSA said, adding the company is capitalising on affordable housing opportunity. It is well placed to play housing demand & is among top picks, the brokerage said. NTPC Gains after CLSA Retains Buy NTPC shares gained more than a percent intraday after global brokerage CLSA retained its buy call with a target price at Rs 157, implying 22 percent upside on potential SJVN merger. "SJVN acquisition if happens is value-accretive M&A & better energy mix with renewables," the research firm said, adding acquisition would help NTPC triple its hydro capacity & double the share of renewables. SJVN could double h...

Gold prices rose 0.57 per cent to Rs 35,036 per 10 gram in futures trade Thursday as speculators built up fresh positions in domestic markets. On the Multi Commodity Exchange, gold for delivery in August contracts traded higher by Rs 197, or 0.57 per cent, to Rs 35,036 per 10 gram in a business turnover of 18,207 lots. Analysts said the rise in gold prices was mostly on the back of fresh positions built up by the participants. However, a weak trend overseas limited the gains in gold futures. Globally, the precious metal prices fell 0.84 per cent at USD 1,424.30 an ounce in New York. If you want to know more about our services please visit  Commodity Tips

Oil futures hit a six-week high on Thursday as a storm built in the Gulf of Mexico, threatening crude output, while an incident with a British tanker in the Middle East highlighted ongoing tensions in the region. U.S. West Texas Intermediate (WTI) crude futures were up 34 cents, or 0.6%, at $60.77 a barrel by 0337 GMT, after earlier touching the highest since May 23 at $60.83. They gained 4.5% in the previous session. Brent crude futures reversed early losses and were up 30 cents, or 0.5%, at $67.31 a barrel, after rising to as high as $67.38, the highest since May 30. They ended Wednesday up 4.4%. Five boats believed to belong to Iranian Revolutionary Guards approached a British oil tanker on Wednesday and asked it to stop in Iranian waters close by, but withdrew after a British warship warned them over radio, a U.S. defence official said on Thursday. Tensions have been high in the Middle East after attacks on tankers and the downing of a U.S. drone by Iran last ...