The global aluminum market was in surplus by 298,000 metric tons in the first quarter of 2010, the World Bureau of Metal Statistics said. That compares with a 926,000-ton surplus in the first quarter of 2009, and with a surplus of 739,000 tons in the whole of 2009, the WBMS said. Aluminium has touched a low of Rs 90.9 a kg after opening at Rs 92.25, and last traded at Rs92.15.For today market is looking for the support at 91.1, a break below could see a test of 90 and where as resistance is now likely to be seen at 93.1, a move above could see prices testing 94.
Natural gas tumbled on global economic concerns that roiled the broader commoditi
Jeera snapped a eight-day losing streak on bargain-buying triggered by a more-than 6 percent loss in eight sessions. Production in 2010 is seen rising to 2.9 million bags of 60 kg each from 2.7 million bags in 2009. Spot rates in Unjha, a key spot market in Gujarat, dropped 18 rupees to end at 12,518 rupees per 100 kg. June contract gained Rs 60 and settled at Rs 12083 a kg. The contract made intraday low of Rs 11953 a kg and high of Rs 12110 a kg. Support for jeera is at 11987 below that could see a test of 11892. Resistance is now seen at 12144 above that could see a resistance of 12206.
Turmeric snapped a two-day losing streak on buying interest at lower levels, a trend that 
Chana ended steady on some spot demand in chana dal from north India as traders speculated that a further fall may be unlikely and a drop in arrivals. Demand in chana dal is improving from the northern part of the country. In Delhi spot market, chana gained 29.5 rupees to end at 2,192.50 rupees per 100 kg. Chana settled steady at Rs 2198 per quintal. The volume was noted at 94420 lots. Support for chana is at 2187 below that could see a test of 2175. Resistance is now seen at 2213 above that could see a resistance of 2227.
Soybean ended firm due to demand in the physical market is improving at lower levels. At the Indore spot market in top producer Madhya Pradesh, soybean edged up by 10 rupees to 1,946 rupees. Soyabean yesterday we have seen that market has moved 0.46%. Market has opened at 1951 & made a low of 1950.5 versus the day high of 1970. The total volume for the day was at 22820 lots and the open interest was at 125500.Support for soyabean is at 1951 below that could see a test of 1941. Resistance is now seen at 1971 above that could see a resistance of 1980.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.
