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MCX Trading in India

The Multi Commodity Exchange of India (MCX) is a commodity exchange based in Mumbai, India. It was founded in 2003 and is the largest commodity exchange in India. MCX offers trading in a variety of commodities, including metals, energy, and agricultural products.

How to Trade on MCX

To trade on MCX, you will need to open a trading account with a broker. Once you have opened an account, you will be able to trade in a variety of contracts. Contracts are agreements to buy or sell a certain amount of a commodity at a certain price on a certain date.

Benefits of Trading on MCX

There are a number of benefits to trading on MCX. First, MCX is a regulated exchange, which means that your trades are protected. Second, MCX offers a variety of contracts, which gives you the flexibility to trade the commodities that you are most interested in. Third, MCX offers a variety of trading tools and resources, which can help you to make informed trading decisions.

Risks of Trading on MCX

There are also some risks associated with trading on MCX. First, the prices of commodities can fluctuate significantly, which means that you could lose money if the price of the commodity that you are trading falls. Second, you could lose money if you do not close your trade before the expiration date. Third, you could lose money if you do not have enough margin to cover your losses.

Conclusion

MCX is a popular choice for traders who want to trade in a variety of commodities. However, it is important to understand the risks associated with trading before you start trading.

Here are some additional tips for trading on MCX:

·         Do your research. Before you start trading, make sure that you understand the risks involved and that you have a trading plan.

·         Start small. Don't invest more money than you can afford to lose.

·         Use stop-loss orders. Stop-loss orders will automatically sell your position if the price of the commodity falls below a certain level. This can help you to limit your losses.

·         Be patient. Trading is a long-term investment. Don't expect to get rich quick.

If you really Wish to earn good income from MCX Trading one should think of Joining SHARETIPSINFO MCX TIPS for regular profit.

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Jain Irrigation on May 26 reported a more than three-fold jump in its consolidated net profit to Rs 976.89 crore in the March quarter of FY23 and also reduced debt by Rs 2,683 crore post-merger of its global arm with Rivulis.

The company posted a consolidated net profit of Rs 279.06 crore in the year-ago period, according to a regulatory filing.

Its total income increased 27.14 percent to Rs 1,745.41 crore during the fourth quarter of 2022-23 from Rs 1,372 crore in the year-ago period.

For the year 2022-23, the company's net profit more than doubled to Rs 831.94 crore from Rs 328.63 crore in FY22. The total income increased to Rs 5,761.80 crore from Rs 4,749.94 crore in the said period.

"The company is back on track. Overall, it has been a good quarter. We have successfully completed the merger of International Irrigation Business with Rivulis (MergeCo) (backed by Singapore-based Temasek Group). This transaction has helped reduce the company's debt by Rs 2,800 crore," Jain Irrigation CEO and Vice Chairperson Anil B Jain said in a virtual conference.

The transaction proceeds have been utilised for repayment of debt of International Irrigation Business and Jain International Trading, along with other liabilities, he told reporters.

The company's consolidated debt, which stood at Rs 6,404.9 crore as on March 31, 2022, came down to Rs 3,721.9 crore as on March 31, 2023.

"We plan to bring down the overall consolidated debt by Rs 600 crore from our internal accruals by next fiscal year," he said, adding that debt will be reduced by improving the working capital cycle and higher revenue.

Post-merger, the CEO said, the company holds an 18.7 percent stake in the merged company valued at $137.5 million and has the option to increase its holding up to 20 percent.

Jain said the company will continue the growth momentum in FY23-24 as well and aims for a 30 percent increase in revenue, banking on strong rural demand.

At present, much of the company's business comes coming from western and southern India and it is also seeing good demand from north India, he said, adding, there won't be a negative impact on the business due to the India Meteorological Department's forecast of El Nino in the short term.

The company had a consolidated order book of Rs 2,355 crore as on March 31, 2023, he added.

The Jalgaon-based company is into manufacturing micro-irrigation systems, PVC and HDPE pipes, plastic sheets, agro-processed products, renewable energy solutions, tissue culture plants, financial services and other agricultural inputs.

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Share Market Closing Note

Benchmark indices sustained their early gains and ended over 1 percent higher. Tata Motors, Bajaj Finance and IndusInd Bank stole the limelight, notched 4-5 percentgains.

The Sensex was up 709.96 points or 1.16 percentat 61,764.25, and the Nifty was up 202.80 points or 1.12 percentat 18,271.80. About 2,006 shares advanced, 1,525 shares declined, and 152 shares were unchanged.

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Topic :- Time:2.50 PM

Just In:

Overall, bank credit has grown by around 15% in FY2023, compared with just around 10% over the last year.

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Topic :- Time:2.40 PM

Just In:

After GoAir now its Spice Jet:

SpiceJet insolvency case: India�s bankruptcy court seeks airline�s reply on unpaid dues claim

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Topic :- Time:2.30 PM

CRUDEOIL Trading  View:

CRUDEOIL is trading at 5952. If it breaks and trade below 5940 level then expect some decline in it and if it manages to trade and sustain above 5970 level then some upmove can be seen however important Resistance will be 6030 from here.

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Topic :- Time:2.10 PM

Nifty is trading at 18280 spot level. If it manages to trade and sustain above 18300 level then expect some quick upmove in the market and if it breaks and trade below 18240 level then some decline can be seen.

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Topic :- Time:1.30 PM

GOLD Trading View:

GOLD is trading at 60830. If it breaks and trade below 60780 level then expect some decline in it and if it manages to trade and sustain above 60900 levels then expect some quick upmove in it.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 749.40. If it manages to trade and sustain above 750 level then expect some further upmove in it and if it breaks and trade below 748.80 level then some decline can follow in Copper.

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Topic :- Time:12.10 PM

Just In:

Zomato pilots B2B logistics service as it searches for revenue growth

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Topic :- Time:12.00 PM

Nifty spot is trading at 18260. If it manages to trade and sustain above 18280 level then expect some upmove and if it breaks and trade below 18240 level then some decline can be seen in the market.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex jumps 600 points, TCNS tumbles 18%

2. Aditya Birla Fashion to hunt for ₹800 crore for TCNS acquisition

3. JSW plans to offload some colour stake for $100 mn

4. Blackstone ignores Max hurdle to etch hospital deal

5. Zen Tech trades 8% up after Q4 profit jumps 510%

6. Paytm up 5% on sustained growth in Q4; JPMorgan sees 37% upside

7. UPL shares trade marginally higher on hopes of robust Q4 earnings

8. Coal India slumps as higher wage provisioning plays spoilsport in Q4

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 08 May,2023:

Nifty is likely to remain volatile throughout the week and is expected to follow global cues.

Nifty spot if manages to trade and sustain above 18120 level then expect some upmove in the market and if it breaks and trade below 18000 level then some decline can be seen in the Nifty. Please note this is just opening view and should not be considered as the view for the whole day.

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Paytm had achieved its operating profitability milestone in the third quarter, well ahead of its September 2024 guidance.

Paytm's revenue rose 52 percent to Rs 2,335 crore in the March quarter (Q4) while loss narrowed to Rs 168 crore from Rs 763 crore in the year-ago period.

The company’s payments services revenue grew by 41 percent YoY to Rs 1,467 crore in Q4FY23. Excluding prior quarters’ UPI incentive from the government, payments revenue grew 28 percent YoY.

The company said that it has improved its payments segment profitability with Q4FY23 net payment margin expanding 158 percent YoY to Rs 687 crore while the net payments margin was Rs 554 crore, up 107 percent YoY after excluding the previous quarters’ UPI incentive. In FY23, the company’s net payments margin grew 2.9X to Rs 1,970 crore.

Paytm’s gross merchandise value (GMV) increased 40 percent YoY at Rs 3.62 lakh crore in Q4 FY 2023. With a focus on creating additional payment monetisation, the company’s subscription revenues continue to grow with 68 lakh merchants paying for device subscriptions as of March 2023, almost doubling its growth YoY from 29 lakh as of March 2022.

Paytm’s credit distribution business, in partnership with multiple lenders, has grown to 1.2 crore (up 82 percent YoY) loans while the total value of loans amounted to Rs 12,554 crore, registering a growth of 253 percent YoY.

As of March 2023, 95 lakh borrowers have taken a loan through the platform. For FY23, the total number of loans disbursed grew 163 percent YoY to 4 crore loans amounting to Rs 35,378 crore, surging 357 percent YoY.

Its contribution margin stood at 55 percent, driven by continued improvement in payments profitability and an increasing mix of high-margin businesses like credit distribution.

Contribution profit improved from 30 percent in FY22 to 49 percent in FY23 of revenue to Rs 3,895 crore, up 160 percent YoY. Excluding prior quarters’ UPI incentives, the like-for-like margin increased to 52 percent from 35 percent in Q4FY22.

The user engagement on the platform continued to grow with average Monthly Transacting Users (MTU) for Q4FY23 increasing by 27 percent YoY to 9 crore.

Paytm achieved its operating profitability (in adjusted EBITDA terms) milestone in the third quarter, well ahead of its September 2024 guidance. The company achieved operating profitability on account of the increased pace of monetisation, better cost management, and higher operating leverage. In Q4, its EBITDA before ESOP costs, excluding UPI incentives, rose to Rs 101 crore from a loss of Rs 368 crore in Q4FY22.

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Gambling and stock trading are two activities that involve risk and the possibility of financial gain or loss. However, there are significant differences between the two, and it is essential to understand these differences before deciding to engage in either activity.

Firstly, gambling is an activity in which individuals place bets or wagers on the outcome of a particular event, such as a sports game or a game of chance, such as a casino game. The outcome of the event is determined by chance or luck, and the odds are typically in favor of the house or the bookmaker.

On the other hand, stock trading involves buying and selling shares of publicly traded companies with the goal of making a profit. Unlike gambling, the outcome of stock trading is not determined by chance, but rather by the performance of the company and the overall state of the economy.

One of the most significant differences between gambling and stock trading is the level of risk involved. While both activities involve the possibility of financial loss, gambling is generally considered a higher risk activity due to the reliance on chance and luck. In contrast, stock trading involves a more calculated approach, with investors analyzing the company's financial statements, industry trends, and other factors before making a decision to buy or sell.

Another difference between the two is the level of skill and knowledge required to be successful. While anyone can place a bet in a casino or on a sports game, successful stock trading requires a significant amount of knowledge and skill. Investors must understand financial statements, market trends, and economic indicators to make informed decisions.

Additionally, the time horizon for gambling and stock trading is different. Gambling is typically a short-term activity with immediate results, while stock trading is a long-term investment strategy that requires patience and discipline. Successful investors understand that the value of a stock may fluctuate in the short-term but have confidence that over the long-term, the value will increase.

In conclusion, while gambling and stock trading both involve risk and the possibility of financial gain or loss, they are fundamentally different activities. Gambling relies on chance and luck, while stock trading requires skill and knowledge. Successful investors approach stock trading as a long-term investment strategy, while gambling is typically a short-term activity. Understanding these differences is essential for anyone considering engaging in either activity.

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On the morning of April 13, clients of discount broking platform Shoonya panicked after realising they were unable to put through trades. Reason: a technical error in the broker’s system. To complicate matters further, many traders using the Shoonya app saw their accounts showing trades they had not done.

Thursday being the expiry for weekly contracts in Bank Nifty and Nifty, these traders did not want to take a chance. Unable to square off the positions on Shoonya, they took offsetting positions through other brokers to minimise potential losses. Traders who managed to square off the ghost trades on Shoonya found the reversal trade showing as a new transaction in their accounts at the end of the day.

Many are staring at a loss of anywhere between a few thousands and a few lakhs of rupees. Others saw their profits shrink because of the reversal trades. There were a few lucky ones like Jaipur-based Harsh Khandelwal who ended up with a small profit on positions he took on other platforms to offset the erroneous trades.

“Things were looking bad during the incident, but (the) final outcome turned out to be positive in my case,” he told Moneycontrol, adding that a few of his friends made bigger profits on similar trades.

On the face of it, this may appear to be yet another dispute between a broker and its clients. This is not the first instance of traders losing money because of the broker’s system faltering, neither will it be the last. But the episode needs to be viewed in light of the increasing concern among regulators worldwide due to the explosive growth in equity options trading over the last couple of years, particularly by novice retail investors. It is not just in India that options trading has taken off in a big way; the US market too is witnessing a similar trend.

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Why to Get Stock Tips and Commodity tips From Experts

There are several reasons why it can be beneficial to get stock tips and commodity tips from experts:

Expertise: Experts have a deep understanding of the market and its dynamics. They keep a close eye on the market and have the experience to analyze trends and identify potential opportunities.

Timely information: Experts are often the first to know about important market events and trends. By receiving tips from experts, you can stay informed and make better-informed investment decisions.

Risk management: Experts can provide valuable insights on risk management strategies. They can help you minimize risks and maximize returns.

Objectivity: Experts can provide an objective perspective on the market. They can help you make rational investment decisions based on data and facts rather than emotions.

Performance: Experts often have a track record of successful investment recommendations. By following their advice, you can increase your chances of achieving your investment goals.

Overall, getting stock tips and commodity tips from experts can be a smart investment strategy. However, it's important to remember that no one can guarantee market success, and it's always important to conduct your own research and make informed decisions based on your financial goals and risk tolerance.

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Avalon Technologies IPO | Overall, EMS industry is expected to grow at a CAGR of 32 percent to reach Rs 4.5 lakh crore by FY26, from Rs 1.47 lakh crore in FY22.

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About seven years from now, by 2030, if all goes to plan, India should be exporting $2 trillion worth of goods. That’s a nearly three-fold jump from the current level of $760 billion to about two-thirds of India’s current gross domestic product (GDP) and broadly about 28 per cent of India’s GDP ($7 trillion) by the end of this decade that many have projected.

This is an ambitious goal, but not implausible. The key component that will fuel acceleration on this path would necessarily entail creating several manufacturing hubs across the country that consistently churn out goods of very high global quality. While maintaining, and progressively raising the standard of goods is necessary, the sufficient condition is that these will have to be cost-effective to make Indian shipments attractive to consumers overseas.

Boosting Exports

Within the overall policy matrix, the sequencing of the Foreign Trade Policy 2023, which does not come with a five-year sunset clause this time, is noteworthy. It comes after the productivity-linked incentive  (PLI) scheme that is aimed at creating focused manufacturing value chains. The purpose of the PLI scheme is to create strong incentives for global giants to set up manufacturing bases in India. Besides, these goods that move out from the factory floors powered by the PLI scheme into the highways of global trade, will catapult India among the top rankers of world trade.

The foreign trade policy defines the contours of India’s export flight path on four pillars: (i) Incentive to Remission,  (ii) Export promotion through collaboration - exporters, states, districts and Indian missions, (iii) Ease of doing business, reduction in transaction cost and e-initiatives and (iv) Emerging areas – e-commerce developing districts as export hubs and streamlining SCOMET (Special Chemicals, Organisms, Materials, Equipment and Technologies) policy.

For India to make a decisive leap forward, the backward districts have to figure prominently when policymakers sit down in Delhi and state capitals to draw development plans.

Improving Connectivity

The multiplier effect of new world-class infrastructure such as the Poorvanchal Expressway, Delhi-Dehradun Highway, the new Delhi-Mumbai expressway, the Bengaluru-Chennai expressway, and the Delhi-Srinagar expressway spread far beyond the roads’ visible horizons.

The emphasis on seamless multi-modal connectivity through Pradhan Mantri Gati Shakti National Master Plan and national waterways draws from the premise that these will unleash strong economic benefits encompassing logistics and trade. Such active waterways have made large areas of the hinterland accessible to the routes of trade and commerce, making goods from these areas part of the national and global supply chain network, and opening up new markets for everyone—from farmers to craftspeople to factories.

According to global consulting major McKinsey & Company, there are commercial opportunities for companies to tap beyond the current growth centres, which require a smaller and discrete approach.

“To get the most from this granular approach, companies need to develop customised strategies for each geographic sliver. To do so, they must map priority geographic segments to product categories and extensions,” McKinsey said in its 2014 report “India’s economic geography in 2025: states, clusters and cities”.

According to the policy, “the FTP 2023 aims at process re-engineering and automation to facilitate ease of doing business for exporters. It also focuses on emerging areas like dual-use high-end technology items under SCOMET, facilitating e-commerce export, collaborating with states and districts for export promotion”.

State and district-level policies will have to be strategically dovetailed with national goals to reach, if not exceed, merchandise export targets.

The road to India’s export, and indeed higher GDP levels, is through the districts and states that are economically laggards but have the potential to join the trade route through enhanced infrastructure that will considerably cut down the factory-to-port travel time.

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Topic :- Share Market Closing Note

In yet another volatile session on (March) monthly F&O expiry day, Indian equity markets managed to close with decent gains with Nifty rising above 17,100, and Sensex above 58,000, intraday.

At close, the Sensex was up 346.37 points or 0.60% at 57,960.09, and the Nifty was up 129 points or 0.76% at 17,080.70.

Amid mixed global cues, market started on a positive note and extended the gains as the day progress. However, mid-session selling erased all the gains but final hour buying across the sectors help to end near the days high.

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Topic :- Time:3.00 PM

Nifty spot is trading at 17012. If it hold above 16980 level on closing basis then expect some further pull back in the market in coming sessions and if it closes below above mentioned level then some sluggish move can follow. Avoid open positions for next trading day as NSE and BSE will remain close tomorrow.

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Topic :- Time:2.30 PM

SILVER Trading View:

SILVER is trading at 70574. If it manages to trade and sustain above 70600 level then expect quick upmove in it and possibly Silver can move for 71000 level and if it breaks and trade below 70440 level then some decline can follow in Silver.

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Topic :- Time:2.15 PM

Just In:

HCC shares jump 8% after sale of subsidiary for Rs 1,323 crore

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Topic :- Time:2.00 PM

Nifty is showing upmove now and is likely to turn volatile now. Nifty spot if manages to trade and sustain above 17060-17080 levels then expect some upmove in the market and if it breaks and trade below 17020 level then some decline can follow.

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Topic :- Time:1.40 PM

LME Inventory:

COPPER DECREASED BY 325

ALUMINIUM DECREASED BY 2850

NICKEL INCREASED BY 366

ZINC DECREASED BY 225

LEAD UNCHANGED

TIN UNCHANGED

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Topic :- Time:1.10 PM

Nifty spot if manages to trade and sustain above 17000 level then expect some upmove in the market and if it breaks and trade below 16960 level then some decline can follow in the Nifty.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 773.70.If breaks and trade below 773 level then expect some decline in it and if it manages to trade and sustain above 774.40 level then some upmove can follow in it.

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Topic :- Time:12.20 PM

Just In:

Covid cases in India climb to 5-month high

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Topic :- Time:12.00 PM

Nifty is declining on its expiry day however its still trading in green zone. Good pull back can be seen in the market. Nifty spot if manages to trade and sustain above 16980 level then expect some upmove and if it breaks and trade below 16940 level then some decline can be seen in the market.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex off days high, turns flat; Nifty50 tests 17,000

2. Adani Ent zooms 7% as Group CFO refutes report of incomplete debt repayment

3. Adani Transmission, Adani Ports exposed to contagion risks: Fitch Ratings

4. Symphony slips 7% as stock trades ex-date for share buyback

5. HDFC AMC gains 5% after SBI MF bought over 2% stake via open market

6. Sterling & Wilson jumps 9% as it emerges bidder for Rs 2,100 cr project

7. Hariom Pipe hits new high, up 4% on shareholders nod for preferential issue

8. RBI may take foot off rate hike pedal after next weeks increase

9. SEBI plans a pledge-repledge model

10. Allcargo Logistics recast on track, two demerged entities to hit market soon

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Topic :- Time:11.00 AM

Nifty spot is trading at 16970. If it manages to trade and sustain above 17000 level then expect some upmove and below 16950 level some decline can follow in the market.

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For Today

Positive opening expected.Nifty is likely to follow global cues and is expected to turn volatile as the day progresses. 

Nifty spot if manages to trade and sustain above 17020 level then expect some upmove in the market and if it breaks and trade below 16900 level then some decline can follow in the market. Please note this is just opening view and should not be considered as the view for the whole day.

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