CAPITAL STROKE UPDATE 7 APRIL 2014 : MCX ZINC

Zinc settled up 0.25% at 120.6.
Zinc trading range for the day is 119.4-122.
Zinc gained despite a government report showing job growth trailed estimates triggered concerns that demand will falter
China's imports of refined zinc surged 84 percent in the first two months of 2014, from a year earlier.
Zinc weekly stocks at Shanghai exchange came down by 1916 tonnes

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CAPITAL STROKE UPDATE 7 APRIL 2014 : MCX NICKEL

Nickel trading range for the day is 965.8-1010.8.
Nickel dropped on profit booking as downside was limited after Indonesia banned ore exports in January to encourage more domestic processing
China imported 77,527 metric tons of refined nickel from Russia last year out of a total 168,190 tons, according to customs.
China’s nickel demand will rise 9 percent this year after the nation consumed 897,000 tons in 2013

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CAPITAL STROKE UPDATE 7 APRIL 2014 : MCX NATURAL GAS

Naturalgas trading range for the day is 262.9-272.3.
Naturalgas dropped as weather forecasting models called for spring like weather to return in many densely-populated US areas by the end of next week.
Investors continued to track weather forecasts, as moderate springtime temperatures typical of this time of year suppress demand.
Total U.S. natural gas storage stood at 822 billion cubic feet, the lowest for this time of year since 2003.

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CAPITAL STROKE UPDATE 7 APRIL 2014 : MCX ALUMINIUM

Aluminium trading range for the day is 106.2-111.2.
Aluminium dropped due to profit booking after prices seen supported as orders to withdraw the metal from warehouses surged while producers curb output.
Canceled warrants, as the orders are known, jumped the most this week since December 2012, London Metal Exchange data showed.
Aluminium weekly stocks at Shanghai exchange came up by 10264 tonnes.


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CAPITAL STROKE UPDATE 4 APRIL 2014 : MCX GOLD

Gold trading range for the day is 27887-28367.

Gold gained but pressure seen on higher side after disappointing U.S. jobless claims data and as investors digested comments from ECB President.

ECB opened the door to turning on its money printing presses to boost the euro zone economy and keep inflation from staying too low

Indian gold imports likely jumped in March from around 25 tonnes in February after the central bank allowed more private banks to ship the metal.

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CAPITAL STROKE UPDATE 4 APRIL 2014 : MCX CRUDE OIL

A China services gauge rose to 51.9 in March from 51 in the previous month. Crude oil futures may trade subdued today as investors stay cautious over the US jobs data which may offer further cues over the health of the country’s economy. At the MCX, Crude Oil futures, for the April 2014 contract closed at Rs 6,058 per barrel, up by 1.58 per cent, after opening at Rs 5,970, against a previous close of Rs 5,964. It touched an intra-day high of Rs 6,065.


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CAPITAL STROKE UPDATE 4 APRIL 2014 : MCX NATURAL GAS

Natural Gas surged in the domestic market on Thursday as investors and speculators booked fresh positions in the energy commodity after US gas stockpiles fell last week, signaling improving demand for the fuel in the world’s biggest economy.

At the MCX, Natural gas futures for April 2014 contract closed at Rs. 270.10 per mmBtu, up by 2.5 per cent, after opening at Rs 262.80, against the previous closing price of Rs 263.50. It touched an intra-day high of Rs 270.60


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CAPITAL STROKE UPDATE 4 APRIL 2014 : MCX COPPER

Copper trading range for the day is 400.8-409.2.

Copper traded in range as support seen after China unveiled a mini-stimulus package but disappointing seen as market expectations for more drastic measures

The U.S. trade deficit unexpectedly widened in February as exports hit a five-month low

Despite a strong aftershock in Chile, production at copper mines in north of the country were little affected.

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CAPITAL STROKE UPDATE 4 APRIL 2014 : MCX ZINC

Zinc trading range for the day is 118.1-121.5

Zinc gained after China's government announced a modest package of stimulus measures to shore up its flagging economy.

The global market for refined zinc is expected to be in deficit by 117,000 tonnes this year - ILZSG

Zinc daily stocks at Shanghai exchange came down by 376 tonnes

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CAPITAL STROKE UPDATE 4 APRIL 2014 : MCX NICKEL

Nickel trading range for the day is 963.5-998.3.

Nickel prices gained as support after weakness in rupee despite data showed US initial jobless claims and foreign trade data were disappointing.

HSBC’s China services Purchasing Managers’ Index rose to 51.9 last month from 51.0 in February

The ECB chief Draghi said the euro zone was experiencing a mild recovery and suffered no deflation risk.
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