New Delhi [India], Jan. 15 : Policybazaar.com has launched a new television campaign, with the tagline 'Policybazaar.com par term insurance lena bhool kar bhi mat bhoolna'. The campaign aims to highlight the importance of having a term insurance plan.
The new TV commercial will see actress Achint Kaur as a Seance medium.
With this campaign, Policybazaar.com intends to give a push to the consumers' buying decisions, by focusing on the challenges that the family would have to face in their absence, including inability to sustain the current lifestyle. A month long campaign is designed by the in-house team of Policybazaar.com and executed by K Silent Productions. The TV campaign will go on air on January 15, 2017.
Cotton on MCX settled down by -0.1% at 20390 on profit booking after prices gained amid increasing prospects of higher imports and improved demand from bulk consumers. The production of cotton is expected to touch around 345 lakh bales during 2016-17 as compared to around 338 lakh bales produced in 2015-16 crop year. Cotton Association of India (CAI) expects that on account of better weather conditions across all cotton growing regions of the country there will be an improvement in productivity. Cotton production fell to about 386 lakh bales in 2014-15 which had earlier reached a record high of over four crore bales during the 2013-14 crop year. The production declined further during the 2015-16 crop year to around 338 lakh bales, the lowest during the last five years.
Cardamom on MCX settled up by 0.35% at 1469.3 in view of restricted supplies, exporters demand and weather woes in producing centres. Exporters are still in the market hoping good export business due to prevailing high prices in global markets and lower supplies from Guatemala-the other producer. Cardamom prices are likely to trade higher tracking expected fall in arrivals and concern over standing crop. Supply scenario is expected to improve this week. But, the main problem persistently affecting the trade is that only a third of the participants is still active at the auctions and in the open market trading. Harvesting trend is any indication, the total output during the current season might come to around 40 per cent of the previous crop. Exporters continued to stay active.
Maize prices settled flat as pressure seen from ample global supplies. In India, maize has been sown in around 13.95 lakh hectares which is higher than 12.87 lakh hectare covered during corresponding period last year. Total maize crop area could be around 15 lakh hectares for the Rabi season during 2016/17. Due to cash crunch in the market, farmers are bringing less stock in the market as traders are not able to pay the farmers. Traders are hoping for the situation to be under control soon but currently, market trades are badly affected. The area under the rabi maize crop across the country was at 1.01 mln ha up 6.4% from a year ago, according to data released by the farm ministry. A year ago, farmers had sown maize across 953,600 ha.
Jeera on NCDEX settled up by 1.27% at 17205 due to tight stocks due to lower output last year. Further, fresh export enquiries from China also added support to jeera prices. Jeera sowing stood at 276,000 hectare in Gujarat versus 268,000 a year ago. However, reports of adverse weather in the producing centres are a concern. Prevailing above normal temperature in producing centres may hit the growth of plants. India imported around 2,550 ton jeera during Apr-Oct as against negligible in the previous year. India's jeera exports are likely to rise 30% to 88,000 ton during Apr-Dec, because of robust demand from overseas market and negligible stocks in other exporting nations.
Turmeric on NCDEX settled up by 0.18% at 6620 on anticipation of rising physical as well as export demand at the spot market. According to trade sources turmeric output is expected to be around 600,000 ton. Retailers are buying as per their requirement while bulk buyers are waiting for further fall in prices. Turmeric crop is in good condition and production is expected to be higher next season. Turmeric output is seen higher at 7 million bags thanks to higher sowing and favourable weather conditions. Turmeric acreage in Telangana and Andhra Pradesh was higher this year as compared last year. India exported about 51,147 ton in 2016-17 until August which is up by 32% compared to last year in the corresponding period of 38,761 ton, as per the data released by commerce ministry.
Mustard Seed on NCDEX settled up by 0.9% at 3913 tracking firmness in spot demand amid lower level buying. Mustard sowing is completed on 6.953 million hectare as compared to 6.276 million hectare, higher by 10.8%. Congenial sowing conditions and higher prices forced farmers to take buoyant sowing of Mustard in Rajasthan, Madhya Pradesh and Uttar Pradesh. Mustard sowing in Uttar Pradesh has crossed normal acreage of the season. Favourable weather conditions (cool and dry) during last month has led Mustard crop to be good to excellent conditions. Temperatures were reported below normal during last 7-8 days which will help in improving the crop conditions in turn on yields. Crop is in vegetative to flowering and pod formations.
Crude palm Oil on MCX settled down by -0.19% at 587.7 on profit booking after prices gained amid supply worries from in Malaysia. Malaysia palm oil exports during Jan 1-10 climbed 8% compared to a month earlier on strong demand from China and Middle East, data showed. Malaysia palm oil exports jumped to 351,907 tons during Jan 1-10 compared to 325,590 tons for the same period a month ago, DowJones reported citing data from Intertek, a private surveyor. Malaysia's CPO output for December month fell by 6.4% to 1.48 million tons compared to 1.57 million tons in November, data showed. Indonesian palm oil exports probably rose to the highest level in 13 months in November as some buyers replenished stockpiles. Exports of palm and kernels oils increased 5.4% from October to 2.54 million tonnes.
Ref.Soyaoil on NCDEX settled up by 0.51% at 723.55 on demand hope in local mandis and on supply worries. Reports of heavy rains damaging crops lent support to the prices. Supply concerns in Argentina may shift demand to US. In addition to it, availability of other edible oil is improving in domestic market and fueling weakness in oil market.The export of oil meals more than doubled in December 2016 mainly driven by high demand of non-genetically modified (GMO) soybean meal from France. As per data compiled by Solvent Extractors’ Association of India, the country exported 194,309 tons in December 2016, an increase of 130% from 84,218 tons reported same period last year.
Soyabean on NCDEX settled up by 0.1% at 3041 as investors covered short position at lower level amid supply worries from Argentina. Soybean arrivals were pegged at approximately 450,000 bags. Demand from processors was steady due to limited demand from domestic poultry sector. Crushers are not able to procure soybean below Rs 2,950/100kg from most of the market yards of the country as farmers are unwilling to sell below Rs 2,950-Rs 3,000/100kg so crushers have to procure soybean around Rs 3,000/100kg. Conab, the Brazilian government agency, has raised the Brazil’s 2016/17 soybean production forecast to 103.8 million tonnes from its December forecast of 102.45 million tonnes. The figure is slightly above the forecast of 103.5 million tonnes estimated in the Reuters poll.
Mentha oil on MCX settled up by 0.54% at 1032.1 amid rising demand at the spot market. Besides, tight stocks position following restricted arrivals from major producing belts of Chandausi in Uttar Pradesh also added support to mentha oil prices. As per local sources, during last three weeks around 20 percent arrivals have decreased in the spot markets which will support the mentha prices. Sources mentioned that nearly 14500 MT of mint products were exported in six months of the current financial year. This implies that export demand for the complete financial year can be between 27000 and 29000 MT quite cheaper, versus 23000 of total exports last year. Farmers are keeping most of the stocks in their hands. Most buyers are willing to buy at these levels.
Aluminium on MCX settled up 1.63% at 121.50 gained tracking firmness from LME Aluminium closed up 1.80 percent at $1,790 as support seen after China's National Development and Reform Commission said it had approved 23 fixed-asset investment projects worth 184.0 billion yuan ($26.53 billion) in December. While earlier in the session prices dropped after U.S. President-elect Donald Trump failed to offer concrete stimulus plans, while the London Metal Exchange electronic trading platforms did not open. In the other news the Obama administration on Thursday (Jan 12) filed a trade complaint against China for using "artificially cheap" loans and raw materials to boost its aluminium industry at the expense of US competitors.
Nickel on MCX settled up 1.92% at 701.80 recovered from the day's low of 661.10 sliding more than 5 percent in earlier trade to its lowest since mid-September, after Indonesia eased a ban on metal ore exports. An official said yesterday that Indonesia would allow exports of nickel ore and bauxite if smelters built could absorb at least 30 percent of low-grade ore output. Reacting to the news the Three-month nickel on the London Metal Exchange fell to its lowest since mid September at $9,660 a tonne after the news, and was at $10,000 a tonne in official midday trading, down 1.8 percent. Yesterday LME's electronic trading platform LMESelect also reopened after a five-hour delay. Information on what caused the outage was not available yet.
Zinc on MCX settled up 1.36% at 186.10 on short covering as traders are now making long positions which appear to be being re-established as fundamentals are strong and, while suspended capacity remains idle, the deficit is likely to draw down stocks of concentrates and refined metal. Sentiments still remain firm for Zinc prices as fundamentals still look more bullish - mine output shortages are leading to lower treatment charges, in turn causing some smelters to cut output in China. Growing demand will therefore require a greater drawdown in refined metal stocks. For now LME stocks are only drifting lower. Although there is idle mine capacity that can be reactivated to alleviate the supply deficit, there are few signs of this unfolding yet.
Copper on MCX settled up 2.2% at 401.90 suddenly pushed higher as trading on LMEselect got under way, having been closed for 5 hours. Support also seen as the dollar weakened on U.S. president-elect Donald Trump's failure to give clear policy details at his first news conference since November. Also supply disruption concerns came to the fore as proposed ban on exports of unprocessed copper concentrates in Indonesia is likely to come into force on January 12 supported the prices to test 400 level mark. Apart from this, possibility of supply disruption has also risen after workers at Chile's Escondida copper mine rejected a wage offer from BHP Billiton.
Naturalgas on MCX settled up 3.81% at 231.60 extended sharp gains once again prices climbed to a more than one-week high after data showed that natural gas supplies in storage in the U.S. fell more than expected last week. Support seen after the US EIA said in its weekly report that natural gas storage in the U.S. declined by 151bcf in the week ended January 6, exceeding market expectations for a drop of 144bcf. That compared with a withdrawal of 49bcf in the preceding week, 168 billion a year earlier and a five-year average drop of 167bcf. Total natural gas in storage currently stands at 3.160tcf, according to the US EIA, 10.3% lower than levels at this time a year ago and around 0.1% below the five-year average for this time of year.
Crudeoil on MCX settled up 0.67% at 3613 on reports key OPEC members were starting to cut production as promised and on forecasts of strong demand growth in China. The Organization of the Petroleum Exporting Countries agreed in November to cut oil production to try to reduce a global supply glut that has depressed prices for more than two years. Several OPEC members appear to be implementing the deal. Saudi Arabia has cut oil output to its lowest in almost two years, its energy minister said, as the world's largest oil exporter leads OPEC's drive to eradicate a global glut and prop up prices. Energy Minister Khalid al-Falih said output had fallen below 10 million barrels per day - more than it had promised as part of a global output cut deal between OPEC and non-OPEC producers.
Silver on MCX settled down -0.36% at 40859 in last minutes trade while earlier in the session prices gained as the dollar fell after U.S. President-elect Donald Trump's long-awaited news conference gave few details on economic policy. Yesterday Federal Reserve Chair Janet Yellen did not comment on the outlook for the U.S. economy or monetary policy in remarks to teachers, saying improving U.S. education could help raise living standards. Also several Fed officials on Thursday cautioned that the fiscal and tax plans sketched out by the incoming Trump administration could spur a short-term economic boost that would result in longer-run inflation and debt problems.
Gold on MCX settled up 0.33% at 28393 tracking gain's from Comex Gold which was higher in yesterday's session gained in the line of expectation rising above $1200 an ounce for the first time since November, while prices settled with limited gains of $3.20 to settle at $1,199.80/oz, after rising near $1210 earlier in the day. Gold failed to hold that benchmark amid mixed signals on interest rates from a number of Federal Reserve officials. One Fed member said he favored three rate hikes in 2017, another wants two, while another said one rate hike would be most appropriate. The trio of Fed speeches took place ahead of remarks tonight from Fed Chair Janet Yellen. While markets were in a cautious mood all day amid concerns about the political transition between Obama and Trump.
New Delhi [India], Jan. 13 : With recent government notification to bring stents under the country's drug price control order, the prices of the life saving device would be regulated and capped by the National Pharmaceutical Pricing Authority (NPPA).
In view of the latest notification and its wider implications on healthcare technology providers, Healthcare Federation of India (NATHEALTH) has suggested that the government needs to form a Health Technology Assessment Board for standardising and regulating the stent quality in India.