MCX COMMODITY TIPS (APR 02)

LME INVENTORIES DATA

Date: 02/04/2012

LME Inventories Data
(in tonnes)	2-Apr	Change	30-Mar
Aluminum	5076925	13575	5063350
Copper	257550	1275	256275
Nickel	100542	660	99882
Lead	376800	225	376575
Zinc	896825	-550	897375
Tin	13090	10	13080

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NCDEX PEPPER TIPS

NCDEX PEPPER MARGINALLY UP IN EARLY TRADES, PROFIT TAKING MAY EMERGE

Date: 02/04/2012

The Black Pepper futures are trading with marginal gains in the early trading sessions on fresh buying at lower levels. In today's early trading sessions,the NCDEX Black pepper for the April delivery moved in the range of Rs39875-39005 and is currently trading higher at Rs 39465, up Rs 315 or 0.18% overthe last close. The open interest added 4% to 4,417 tonnes, indicating freshbuying. Technically, the counter is likely to find resistance at Rs 40050, Rs40650 while support at Rs 39000, Rs 38617 per quintal.

 Vietnam harvest is reported to be arriving to its peak. Serious concerns in India about the futures operations. The silence of American and European buyers and Vietnam dropping light pepper prices changed the market trend which might be easilyseen on graphics this week. India's parity despite being above the competition eased a little reportedly to$8,000 c&f. Vietnam is reported not selling Asta grade while Lampong Asta is said to be at $7,800. Brazil is very slow always willing the best possible price, eventually due to smallerstocks. One point to be considered is that some shipments from Brazil were muchdelayed therefore buyers are receiving now contracts booked last year whichprices are now cheaper than the present ones.

Pepper plummeted for the second week on heavy selling pressure triggered by weakspot demand, reports of Vietnam crop arrivals. The most active April pepper ended the week down by 5.58% at Rs39150 per quintal. As per the latest release from the IPC, the market declinedduring the last week and prices at origins with the exception of Sarawak have decreased. In India, the market was calm with limited activities. Lack of demand have pushed thepepper prices at the domestic market to fall by around 5%, while fob pricedecreased by 2%. In Vietnam, local price stood at VND 123,000 per kg during 26-29 February. However onFriday prices fell by VND 2,000 per kg. Fob prices of Vietnamese black werereported stable.

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MCX CRUDE OIL TIPS

Brent rises above $123 on China data, Mideast supply worries

Date: 02/04/2012

Brent crude rose above $123 on Monday after positive manufacturing data from China eased fears of a sharp economic slowdown in the world's second-largest oil consumer and continuing tension in the Middle East threatened crude supplies.

China's official Purchasing Managers' Index (PMI) , which highlights activity at large factories, beat expectations to hit an 11-month high of 53.1 in March, data showed on Sunday.

Investors have been worried about Chinese growth losing steam as policymakers aim for a more sustainable economy that is less vulnerable to rising prices.

Front-month Brent crude gained 30 cents to $123.18 a barrel by 0641 GMT. The benchmark ended the first quarter on Friday up 14.3 percent, its biggest quarterly rise since the first quarter of 2011.

U.S. crude futures rose 21 cents to $103.23, after rising by more than 4 percent in the previous quarter.

"The Chinese PMI numbers were much better than expected and that would have an impact on oil. This will help answer some of the questions over a potential hard landing in China," said Ben Le Brun, a market analyst at OptionsXpress in Sydney.

Asian shares were also higher on Monday, as risk appetite returned on China's manufacturing data. However, the pickup in production at large factories was attributed to an expected increase as winter ends, and economists warned against reading too much into the stronger-than-expected figure.

Further boosting optimism over China's growth prospects, Vice Premier Li Keqiang said on Monday the government's top priority is to boost domestic consumption to maintain relatively strong economic growth.

The market will also be watching for March U.S. manufacturing data, the ISM index, expected later on Friday for fresh signs of a recovery in the world's biggest oil user.

"The market is currently expecting a mild recovery in March after the drop in the previous month," said analysts at Deutsche Bank in a report.
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FREE NSE NIFTY TIPS

Car Manufacturers Report Robust Growth In Sales In March 2012

Date: 02/04/2012

The expectation of a price rise after the budget has prompted people to buy cars before the end of the fiscal. Consequently car manufacturers have posted record sales for the month of March. About seven vehicle makers have announced healthy sales in March 2012 over the corresponding period a year ago with Tata Motors crossing one lakh unit sales mark.

Car prices are expected to go up in this fiscal as the Finance Minister has announced a hike in excise duty from the current 10% to 12%. As per leading car makers, this hike will lead to an increase in prices upto 3 lakh. The biggest jump has come in for Toyota Kirloskar Motor (TKM) which has reported an increase of 87% in car sales to 18,220 units in March, driven by highest ever monthly sales of its 'Etios' and 'Liva' models.

Tata Motors has reported a jump of 20% in total vehicle sales during March at 100,414 units compared to 83,363 units sold in the same month last year. Its total passenger vehicle sales in the domestic market rose 34% at 36,984 units in March, highest ever in a month, over 27,678 vehicles sold in the year-ago period. In the commercial vehicles segment, the company sold 58,063 units in the domestic market last month against 49,753 units in the same period last year, up 17%.

Mahindra & Mahindra has registered a 25% increase in sales at 47,001 units in March - the highest ever monthly sales number in the history of the company. Similarly, Honda Siel Cars India, joint venture between Japanese auto major Honda and the Siel Group, recorded a three-fold jump in its sales for March 2012 at 11,016 units.

German luxury car maker Audi reported 47% jump at 1,002 units. Two-wheeler maker India Yamaha Motor posted a 14% increase in its total sales at 41,886 units. VE Commercial Vehicles (VECV), a joint venture between the Volvo Group and Eicher Motors, announced a 19.5% rise in its total sales at 6,051 units in March, 2012.

Auto makers like Maruti Suzuki, Hyundai, Tata Motors, Mahindra & Mahindra and India Yamaha had earlier expressed their unhappiness over the government's decision to hike the duties in the Budget.

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MCX GOLD TIPS

INDIAN JEWELLERS' STRIKE STILL ON; SILVER SALES POOR

Date: 02/04/2012

Indian jewellers plan to continue their strike, hurting demand and halting imports of gold and silver in the world's biggest buyer of bullion, an industry body head said on Monday.
"We are still striking... We are expecting to hear from the finance minister in a day or two," said Baccharaj Bamalwa, chairman of All India Gems & Jewellery Trade Federation.

The strike had started on March 17, a day after the finance minister proposed to double the import duty on gold, an excise duty on unbranded jewellery along with a tax on transactions worth more than 200,000 rupees. Imports duty on silver remained unchanged at 6 percent on value.

"If he rolls back (excise) completely, then the strike will be called off, if he has other things in mind, we will continue with the strike," Bamalwa said.
On March 27, Finance Minister Pranab Mukherjee had agreed to examine demand for removal of excise duty and come out with an "acceptable" solution.
The protests have impacted imports of gold and silver, with gold shipments in the

 March quarter estimated to have fallen by as much as 55 percent to 125-150 tonnes.

"There is no business in gold and silver, the whole value chain has shut," said Kumar Jain, vice-president of the Mumbai Jewellers' Association, which groups 10,000 jewellers.
Gold imports for 2012 could fall to their lowest level in two years to 655 tonnes, a Reuter’s poll showed. www.goldennifty.com

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