Pepper August delivery gained Rs 507 and settled at Rs 20690/quintal tracking firm international markets, robust domestic demand amidst lower supplies. Prices in the international market are holding firm. Globally, stocks are estimated to be lower. Spot pepper climbed 776 rupees to end at 20,341 rupees per 100 kg in Kochi. The contract touched the intraday high of Rs 20775/quintal while low of Rs 20250/quintal. Now support for the pepper is seen at 20368 and below could see a test of 20047. Resistance is now likely to be seen at 20893, a move above could see prices testing 21097.
Guar yesterday we have seen that market has moved 1.26% on concerns about the monsoon, good demand for guar gum and poor supplies. Patchy rains may hamper guar sowing. Lower rains in the major cultivating regions are supporting buying. In the Jodhpur spot market, guar gained 27 rupees to end at 2,416 rupees per 100 kg. Market has opened at 2520 & made a low of 2502 versus the day high of 2583. The total volume for the day was at 473530 lots and the open interest was at 186540.Now support for the guar is seen at 2520 and below could see a test of 2470. Resistance is now likely to be seen at 2601, a move above could see prices testing 2632.
Nickel yesterday ended lower tracking weakness in LME prices despite rise in other base metal counters. Nickel has touched a low of Rs 887.2 a kg after opening at Rs.896.7, and last traded at Rs 894.For today market is looking for the support at 886.2, a break below could see a test of 878.3 and where as resistance is now likely to be seen at 902.9, a move above could see prices testing 911.7. 
Zinc ended positive benefited from arbitrage buying from China.
Copper ended positive on strength in equities markets, but investor interest was subdued as wide
Crude gained as Wall Street lent support with some robust quarterly reports that raised hopes for oil demand going forward. Meanwhile, the International Energy Agency said China has become the world's biggest energy user, surpassing the US last year. China consumed 2.25 billion tons of oil equivalent last year, about 4% more than the US. Now support for the crude is seen at 3533 and below could see a test of 3498. Resistance is now likely to be seen at 3630, a move above could see prices testing 3692.American EV giant Tesla Motors reigns supreme in the realm of electric vehicles (EVs), but it recently sent shockwaves through the entire automotive industry by confirming that its sales declined f
News in Focus
Merida Bikes, a Taiwan-based bicycle company with R&D headquarters in Germany, has announced the launch of two new electric mountain bikes (e-MTBs), dubbed the Merida eOne-Forty and eOne-Sixty.
The realm of Norwegians roads is poised for a transformative change as the number of all-electric vehicles (BEVs) is expected to surpass the number of conventional gasoline-powered vehicles by the
In this episode, Arman advises Abhira to retire to the room because, he is making sure that Kaveri agrees. Abhira doesn't want to hear all of Arman's explanations. She claims Arman meant her.
The episode primes with the dialogue of Angad mentioning to Sahiba that he admired the way she wrapped the muffler.
Heralding a new era of high-performance luxury coupes, Mercedes recently took wraps off the 805-HP AMG GT63 S E Performance, which claims to be the brand’s fastest-accelerating production vehicle e
Main Regional Stories
In a tactical move aimed at boosting demand and adjusting production, American multination electric automotive giant Tesla has once again trimmed down the prices of three of its EVs, viz. the Model S, Model X and Model Y, in the United States.
Excitement is at the peak as Ford is gearing up to launch the highly anticipated 2024 Ford Mustang Mach-E, and recent revelations about the compact electric SUV’s pricing have sparked further anticipation among enthusiasts and potential buyers ali
In the fiercely competitive and highly dynamic electric vehicle (EV) landscape, Xiaomi's eagerly awaited SU7 made a thunderous entry, eclipsing competitors like Tesla and other industry stalwarts.
Amidst Europe’s burgeoning EV landscape, a surprising trend seems to have emerged as a significant portion of these eco-friendly automobiles is found to originate from the manufacturing hubs of China.
