Black pepper rises on short supply

Gold plunges on weak global trend

Almond prices move up on poor arrival

Bata India net at Rs 47 cr; up 18 pc

Steel price remains flat on some support

NEW DELHI, Mar 29: Steady conditions developed in the local iron and steel market here today following restricted supply against reduced offtake.

Marketmen said small buying interest along with restricted supply, mainly kept the prices around last levels.

Following were today’s quotations in Rs per tonne:

CTD saria (kamdhenu) 8-mm, 49,850, 10-mm, 49,350, 12-mm 48,150, 16-25 mm 48,850.

Rathi tor steel : 8-mm 49,550, 10-mm 49,000, 12-mm 47,750, 16-20 mm 48,500 and 25-32 mm 48,750.

Saria Jai bharat (iso 9002) 8-mm 46,300, 10 mm 45,800 12-mm 45,000, 16-25 mm 45,500.

Amba saria (iso-9002) 8-mm 47,300, 10-mm 46,800, 12-mm 46,000, 16-25-mm 46,500.

Amba shakti: (TMT) 8-mm 47,600, 10 mm 46,800, 12 mm 46,000, 16 to 25 mm 46,500.

M S Angle: (50x5) (50x6) 39,700, (25x3) (32x3) (40x3) 39,200, (40x5) (40x6) 39,900. Angle capital (ISI) (50X5) (50X6) 41,500, (40X5) (40x6) 42,000, (35X5) (65X6) 42,200.

Garder (joist) (150x75) 44,000 (175x85) 44,200 (200x100) 44,000 (125x70) 44,200. T-IRON (40X5) (40X6)(50X6) 43,500.

Ingot and Scrap: Bhivari 36,500, Govindgarh 37,500, Ghaziabad 36,000, Muzaffarnagar 36,100. (PTI)

NHPC commissions all 3 units of Teesta-V

NEW DELHI, Mar 29: State-run National Hydroelectric Power Corp today said it has commissioned all the three units of 510 MW Teesta Stage-V Hydroelectric Project in Sikkim.

Two of the three units of 170 MW each are expected to become commercially operational shortly, while the first unit is already functional, the company said in a statement.

The project would generate 2,573 million units of energy annually. The cost of the project is about Rs 2,650 crore and the provisional tariff approved by the Central Electricity Regulatory Commission is Rs 1.62 per unit.

Teesta-V is one of the six hydro projects identified for execution by NHPC in Sikkim. The company has added 1,420 MW of generation capacity in the last one year with the commissioning of 390 MW Dul Hasti project in Jammu and Kashmir, 520 MW Omkareshwar project in Madhya Pradesh, and Teesta-V.

The run-on-river Teesta-V project would benefit states of Bihar, Orissa, Jharkhand, West Bengal and Sikkim. (PTI)

Black pepper rises on short supply

NEW DELHI, Mar 29: Prices of black pepper rose Rs 100 per quintal on the wholesale kirana market today on increased buying by stockists amid short supply.

However, prices of other commodities ruled steady on little doing.

Traders said increased buying by stockists coupled with short supply pushed up black pepper prices.

Black pepper prices closed at Rs 15,700-15,800 per quintal on stockists amid restricted arrivals from Kerala.

Following are today's quotations (in Rs per quintal):

Ajwain 5,000-7,500 Black pepper common 15,700-15,800 Betelnut (kg) 105-115, cardamom brown (Jhundiwali) 15,300-15,400 and cardamom brown (Kanchicut) 17,000-20,000.

Cardamom small (kg): Chitridar 450-540, cardamom (colour robin) 575-585, cardamom bold 595-605, cardamom extra (bold) 630-660 and cloves (kg) 240-280. (PTI)

Black pepper rises on short supply

NEW DELHI, Mar 29: Prices of black pepper rose Rs 100 per quintal on the wholesale kirana market today on increased buying by stockists amid short supply.However, prices of other commodities ruled steady on little doing.

Traders said increased buying by stockists coupled with short supply pushed up black pepper prices.

Black pepper prices closed at Rs 15,700-15,800 per quintal on stockists amid restricted arrivals from Kerala.

Following are today’s quotations (in Rs per quintal):

Ajwain 5,000-7,500 Black pepper common 15,700-15,800 Betelnut (kg) 105-115, cardamom brown (Jhundiwali) 15,300-15,400 and cardamom brown (Kanchicut) 17,000-20,000.

Cardamom small (kg): Chitridar 450-540, cardamom (colour robin) 575-585, cardamom bold 595-605, cardamom extra (bold) 630-660 and cloves (kg) 240-280.

Chirounji (new) (kg) 200-250 Dry mango 5,500-26,000 Dhania 6,300-8,800 Dry ginger 9,000-11,500 Kalaunji 9,500-10,500 Mace-Red (kg) 500-510 Mace-Yellow (kg) 470-475 Methiseed 3,100-4,000 Makhana (per kg) 170-215 Nutmeg 340-350 Poppyseed (KG Turkey) 420 Poppseed (KG MP-RAJ) 440-540 Poppyseed (KG U.P.) 380-390 Red chillies 2,700-6,500 Soya bari pariwar (20 kg) 350-400 Saffron (kg) Irani 105000-107000 Saffron (kg) Kashmiri 124000-132000 Soanf 3,500-9,000 Turmeric 3,800-4,900 Tamarind 1,000-1,500 Tamarind without seed 1,800-3,200 Tea (kg) 65-120 Watermelon kernel 8,400-8,500 Jeera common 9,000-9,300 Jeera dollar 9,200-9,300. (PTI)

Gold plunges on weak global trend

NEW DELHI, Mar 29: Gold and silver tumbled in the bullion market here today on heavy selling by stockists, triggered by weak global cues amid end of the marriage and festival season.

Standard gold and ornaments lost Rs 110 each to Rs 12,230 and Rs 12,180 (RPT) Rs 12,180 per 10 gram respectively. The gold had suffered a loss of Rs 60 in the previous day’s trading. Sovereign also lost Rs 25 to Rs 9,925 per piece of eight gram.

Marketmen said the selling pressure gathered momentum on reports of the precious metal falling sharply for the second straight session in the overseas markets.

They said end of the marriage season also led to the fall in prices.

Silver joined the weakening trend and surrendered further ground on selling pressure. Silver ready fell by Rs 660 to Rs 22,990 per kg. It had lost Rs 50 in previous day’s trading. Silver weekly-based delivery also fell by Rs 620 to Rs 22,980 per kg.

Silver coins dropped by Rs 200 to Rs 26,500 for buying and Rs 26,600 for selling of 100 pieces. (PTI)

Almond prices move up on poor arrival

NEW DELHI, Mar 29: Almond California prices shot up by Rs 100 in the wholesale dry fruit market today on poor arrival from overseas markets against increased demand from local parties and stockists.

However, prices of other commodities remained unchanged on some enquiries.

Almond California quoted higher by Rs 100 at Rs 8,600 per 40 kg and its kernel dearer at Rs 300-301 against the previous level of Rs 303-304 a kg.

Following are today's quotations per 40 kg bag: Almond (California) new 8,600 Almond (gurbandi) 5,000 Almond (girdhi) 3,150, Almond kernel (California) 300-301 Almond kernel (gurbandi) (kg) 275-320 and Abjosh Afghani 6,000-13,000, chilgoza raw-new (1 kg) 380, chilgoza (roasted) (1 kg) 750, cashew kernel 1 kg (no 180) 425-430, cashew kernel (no 210) 380-385, cashew kernel no.(240) 315-320, cashew kernel (no 320) 275-280, cashew kernel broken 2 pieces 235-240 cashew kernel broken 4 pieces 205-235, cashew kernel broken 8 pieces 180-210, copra (qtl) 4,900-5,000, coconut powder (25 kg) 1,100-2,000, dry dates red (qtl) 2,100-7,800, fig 3,500-12,000, kishmish kandhari local 5,300-6,000, kishmish kandhari special 11,000-14,000, kiahmish indian yellow 2500-2800, kishmish Indian green 2,800-3,800, pistachio Irani 485-515, pistachio Hairati 485-525, pistachio Peshawari 515-560, pistachio dodi (roasted) 340-350, walnut new 110-200 walnut kernel new (1kg) 350-500. (PTI)

Bata India net at Rs 47 cr; up 18 pc

KOLKATA, Mar 29: The net profit of Bata India for the year ended December 31, 2007, stood at Rs 47.4 crore as compared to Rs 40.1 crore in the previous year, registering a rise of 18.15 per cent.

Total income of the company during the period stood at Rs 890.8 crore as against Rs 797.3 crore in the same period previous year.

Bata India managing director Marcelo Villagran said that improved financial performance was a result of sustained efforts made by the company.

He said that the company was on an aggressive growth path and had implemented forward looking initiatives like investments in large format stores.

Towards this, Bata had adopted an ambitious strategy of opening 70 stores every year for the next few years.

The board declared a dividend of 20 per cent, inclusive of five per cent additional dividend. (PTI)