Daily Commodity Report as on Monday, April 03, 2017

Date : Monday, April 03, 2017 URL : www.achiieversequitiesltd.com Page No - 1

Open High Low Close % Cng OI

Gold 28600 28775 28576 28742 0.28 6111Silver 42040 42360 41901 42326 0.42 11205

Alum. 126.9 127.7 126.4 126.8 -0.35 3680Copper 383.1 384.5 378.3 380.75 -0.79 13313Lead 150.05 151.85 149.4 151 0.30 1456Nickel 653.3 658.4 645.5 651 -0.31 27392Zinc 182.7 183.85 178.4 178.85 -2.88 4231

Crude 3260 3288 3245 3284 0.46 13171Nat. Gas 207.5 210.2 205.2 205.8 -0.68 6748

Cardamom 1306 1315.9 1300.1 1303.8 -0.68 508Turmeric 6440 6454 6362 6376 -0.50 9025

Jeera 18165 18420 18010 18120 -0.28 9996Dhaniya 7651 7690 7651 7665 0.49 35220

Wheat 1675 1684 1675 1681 0.30 4390

Soyabean 2939 2953 2936 2941 -0.17 86450Ref. Oil 625 628.2 622.5 623.1 -0.43 53890CPO 514 514.5 510.1 512.7 0.06 6744RMSeed 3989 4002 3932 3953 -0.68 41850Menthol 996 998.7 988.6 992.9 -0.23 2598Cotton 21120 21180 20950 21040 -0.24 7777

USDINR 65.04 65.16 64.95 65.09 -0.02 1713440EURINR 69.78 69.78 69.47 69.66 -0.59 57352GBPINR 81.22 81.39 80.99 81.20 -0.02 37692JPYINR 58.29 58.34 58.02 58.29 -0.64 15909

Market Round upPrecious Metals

Gold prices gained as uncertainty over U.S. President Donald Trump's tax and investment plans and elections in Europe fuelled demand for bullion as a safe haven.

Base Metal

Silver prices gained buoyed by a weaker dollar, after the release of mostly negative economic data.

Crude oil prices gained on a growing sense that OPEC and non-member Russia would extend their production cut, seeking to drive the market higher.

Natural gas prices dropped as investors began to contemplate how much natural gas will be added to storage as spring begins.

Ref soyoil prices remained under pressure on hope of increasing supply in near term and higher stockpiles. Cereals

Mentha oil prices dropped because of fall in demand in the domestic spot market.Oil and Oilseeds & Others

Soyabean prices dropped on higher arrivals in local mandis and on subdued demand for soymeal from poultry sectors.

Energy Copper slipped as the end of a strike at Peru's biggest copper mine dampened fears of reduced supply that had driven the metal higher this quarter.

Zinc prices dropped as LME zinc finished the day down 3.1 percent at $2,770 due to concerns over failure in output cut by zinc smelters.

Nickel prices dropped after LME prices dropped by 1 percent at $10,030 on prospects of rising Indonesian supply.Spices

1

Turmeric prices dropped as pressure continues as turmeric output is expected to be bumper. Currency

Jeera settled down on late selling after prices earlier gains on a lower output forecast.

Date : Monday, April 03, 2017 URL : www.achiieversequitiesltd.com Page No - 2

TRADING IDEA

OPEN 28600 SUP-2 28499 Gold trading range for the day is 28499-28897.

HIGH 28775 SUP-1 28621

LOW 28576 P.P. 28698

MCX Gold Jun 2017

CLOSE 28742 RES-1 28820 Comments by the president of the New York Federal Reserve meanwhile reinforced expectations of U.S. interest rate hikes this year.

% CNG 0.28 RES-2 28897 BUY GOLD JUN 2017 @ 28650 SL 28500 TGT 28800-28950.MCX

HIGH 42360 SUP-1 42032

LOW 41901 P.P. 42196

Gold on MCX settled up 0.28% at 28742 as uncertainty over U.S. President Donald Trump's tax and investment plans and elections in Europe fuelled demand for bullion as a safe haven. Gold rebounded from early losses asthe dollar turned flat after a Federal Reserve official's seemingly dovish remarks and uninspiring data on the U.S. economy tamped down the sanguine mood from earlier in the week. Earlier in the session, gold had droppedby the most in over than three weeks. It failed to break resistance at its 200-day moving average, triggering early technical selling. An index of world stocks dipped on Friday as investors locked in profits, also boosting gold.Data showing the largest annual increase in U.S. inflation in nearly five years and comments by the president of the New York Federal Reserve meanwhile reinforced expectations of U.S. interest rate hikes this year. Gold isunderpinned in the coming months by doubts over Trump's ability to enact tax cuts and investment spending and an uncertain political outlook in Europe. Gold demand in India rose this week due to a festival and as localprices adjusted to an appreciating rupee, while higher prices kept a check on demand elsewhere in Asia. Dealers in India were charging a premium of up to $1 an ounce over official domestic prices. They were charging apremium of $2.00 last week. In top consumer China, premiums fell to about $8 to $10 an ounce against the international benchmark from levels $10 to $12 last week. Technically, now Gold is getting support at 28621 andbelow same could see a test of 28499 level, And resistance is now likely to be seen at 28820, a move above could see prices testing 28897.

MCX Silver May 2017 TRADING IDEA

OPEN 42040 SUP-2 41737 Silver trading range for the day is 41737-42655.

Prices remained steady with global political uncertainty, the upcoming elections in Europe in particular, seen supporting prices of the metal.

Silver prices gained buoyed by a weaker dollar, after the release of mostly negative economic data.

Page No - 3

CLOSE 42326 RES-1 42491

% CNG 0.42 RES-2 42655

Silver on MCX settled up 0.42% at 42326 buoyed by a weaker dollar, after the release of mostly negative economic data while uncertainty over the outcome of the European elections continued to increase demand for themetals. Prices remained steady with global political uncertainty, the upcoming elections in Europe in particular, seen supporting prices of the metal, driving the metal to its best quarter in a year. Prices recovered from a dipearlier in the session, as the dollar slumped to lows, after the latest batch of economic data revealed a slowdown in personal spending and consumer sentiment. The University of Michigan said its consumer sentiment indexslipped to 96.9 in March from an initial estimate of 97.6, which was well below forecast of an unchanged reading. The Commerce Department said consumer spending, which accounts for more than two-thirds of U.S.economic activity, rose 0.1% against expectations of a 0.2% increase. The precious metal has benefited from a flight to safety in recent months, as investors sought refuge in the yellow metal amid uncertainty over theoutcome of European election and growing concerns that President Trump’s promised economic stimulus package may be delayed. Data showing the largest annual increase in U.S. inflation in nearly five years and commentsby the president of the New York Federal Reserve meanwhile reinforced expectations of U.S. interest rate hikes this year. A stronger dollar makes bullion more expensive for holders of other currencies, while higher interestrates lead to higher bond yields and dampen demand for non-yielding bullion. Technically now Silver is getting support at 42032 and below same could see a test of 41737 level, And resistance is now likely to be seen at42491, a move above could see prices testing 42655.

BUY SILVER MAY 2017 @ 42050 SL 41850 TGT 42240-42480.MCX

Holdings at ishares silver trust dropped by 0.17% i.e. 17.68 tonnes to 10274.29 tonnes from 10291.97 tonnes.

Date : Monday, April 03, 2017 URL : www.achiieversequitiesltd.com

Federal Reserve official's seemingly dovish remarks and uninspiring data on the U.S. economy tamped down the sanguine mood from earlier in the week.

Gold prices gained as uncertainty over U.S. President Donald Trump's tax and investment plans and elections in Europe fuelled demand for bullion as a safe haven.

MCX Crudeoil Apr 2017 TRADING IDEA

OPEN 3260 SUP-2 3229 Crudeoil trading range for the day is 3229-3315.

The U.S. energy department released report saying the country's oil demand for that month was up 0.9 percent at 19.234 million barrels per day.

HIGH 3288 SUP-1 3256

LOW 3245 P.P. 3272

Crude oil prices gained on a growing sense that OPEC and non-member Russia would extend their production cut, seeking to drive the market higher.

CLOSE 3284 RES-1 3299 Energy services firm Baker Hughes said U.S. oil rigs increased by 10 to 662 in the week, making the first quarter the strongest for oil rig additions since mid-2011.

% CNG 0.46 RES-2 3315 BUY CRUDEOIL APR 2017 @ 3240 SL 3200 TGT 3285-3320.MCX

HIGH 384.5 SUP-1 377.9

LOW 378.3 P.P. 381.2

Crudeoil on MCX settled up 0.46% at 3284 on a growing sense that OPEC and non-member Russia would extend their production cut, seeking to drive the market higher. The U.S. energy department released supply anddemand figures for January, the latest month available, saying the country's oil demand for that month was up 0.9 percent at 19.234 million barrels per day, while production rose 60,000 bpd to 8.835 million barrels. Energyservices firm Baker Hughes said U.S. oil rigs increased by 10 to 662 in the week, making the first quarter the strongest for oil rig additions since mid-2011. There was a growing sense that the Organization of the PetroleumExporting Countries (OPEC) and non-OPEC oil production giant Russia would agree to continue their production cut deal seeking to drive prices higher. OPEC and non-OPEC producers including Russia agreed late last year tocut output by almost 1.8 million barrels per day (bpd) during the first half of the year in order to rein in a global supply overhang and prop up prices. Yet so far, alternative supplies, including from the United States whereproduction is soaring, and doubts that Russia was complying with its promised cuts, have prevented market re-balancing. Still, over the past week, a growing consensus has emerged that the supply cut would be extendedinto the second half of the year - and that Russia would increasingly comply. Technically market is under short covering as market has witnessed drop in open interest by -9.19% to settled at 13171 while prices up 15 rupees,now Crudeoil is getting support at 3256 and below same could see a test of 3229 level, And resistance is now likely to be seen at 3299, a move above could see prices testing 3315.

MCX Copper Apr 2017 TRADING IDEA

OPEN 383.1 SUP-2 375.0 Copper trading range for the day is 375-387.4.

Page No - 4

CLOSE 380.8 RES-1 384.1

% CNG -0.79 RES-2 387.4

Date : Monday, April 03, 2017 URL : www.achiieversequitiesltd.com

Copper on MCX settled down -0.79% at 380.75 as the end of a strike at Peru's biggest copper mine dampened fears of reduced supply that had driven the metal higher this quarter. Activity in China's manufacturing sectorunexpectedly expanded at the fastest pace in nearly five years in March, adding to evidence that the world's second-largest economy has gained momentum early this year, an official survey showed. Freeport McMoRan Inc'sIndonesian unit is close to reaching a deal that would allow the world's biggest publicly listed copper producer to temporarily resume concentrate exports, Indonesia's mining minister said. The failure of BHP Billiton andworkers at its Escondida mine to agree on a wage deal after a long and bitter strike has stoked some concerns over the possible fate of other key contract talks at copper mines in Chile over the next year. Workers at Peru'sbiggest copper mine, Freeport-McMoRan Inc's Cerro Verde, will resume work after voting to end a nearly three-week strike that had halved output, the union said. Chile's state copper company Codelco produced 1.83 milliontonnes of copper in 2016, of which 1.71 million tonnes came from its wholly-owned mines, down 1.4 percent from a year ago, the company said. Copper stocks held in LME warehouses, which have been declining for almosttwo straight weeks, fell another 6,375 tonnes to 291,175 tonnes, exchange data showed. Technically market is under fresh selling as market has witnessed gain in open interest by 16.87% to settled at 13313 while pricesdown -3.05 rupees, now Copper is getting support at 377.9 and below same could see a test of 375 level, And resistance is now likely to be seen at 384.1, a move above could see prices testing 387.4.

SELL COPPER APR 2017 @ 382.50 SL 386.00 TGT 379.80-374.80.MCX

Freeport-McMoRan Inc's Indonesian unit is close to reaching a deal that would allow the copper producer to temporarily resume concentrate exports.

Chile's state copper company Codelco produced 1.83 million tonnes of copper in 2016, of which 1.71 million tonnes came from its wholly-owned.

Copper slipped as the end of a strike at Peru's biggest copper mine dampened fears of reduced supply that had driven the metal higher this quarter.

TRADING IDEA

OPEN 182.7 SUP-2 175.0 Zinc trading range for the day is 175-185.8.

HIGH 183.9 SUP-1 177.0

LOW 178.4 P.P. 180.4

MCX Zinc Apr 2017

SUP-2 638.7 Nickel trading range for the day is 638.7-664.5.

CLOSE 178.9 RES-1 182.4 Korea Zinc Inc, the world's third-largest zinc smelter, has agreed to take a 15 percent drop in annual processing fees for 2017.

% CNG -2.88 RES-2 185.8 SELL ZINC APR 2017 @ 180.00 SL 181.80 TGT 178.80-177.00.MCX

Page No - 5

CLOSE 651.0 RES-1 657.7

% CNG -0.31 RES-2 664.5

Date : Monday, April 03, 2017 URL : www.achiieversequitiesltd.com

Nickel on MCX settled down -0.31% at 651 after LME prices dropped by 1 percent at $10,030 on prospects of rising Indonesian supply. Indonesia's state-owned miner Aneka Tambang (Antam) has been granted an initialapproval to export up to 2.7 million tonnes of nickel ore over the next 12 months, a mining ministry official said. There was news that 4 Indonesian nickel ore mining firms are applying for ore export quotas, and Antam gotthe initial clearance for Indonesian nickel ore exports. But, the export quota of 2.70 million WMT is much below its application amount of 6 million WMT, raising market doubts over 2017 nickel ore shipments from Indonesia,world’s number one nickel ore supplier before its 2014 export ore ban.Prices for medium and high-grade nickel ore in China’s domestic market are expected to hold largely stable in the coming week. Nickel ore inventories atseven major Chinese ports kept falling last week. Nickel ore inventories at seven major Chinese ports were down 100,000 tonnes last week. At present, domestic high-grade NPI producers are facing tough conditions,weakening their acceptance to high-priced ore. Supply of medium and high-grade nickel ore is expected to remain tight, and such conditions are not expected to improve in the short term despite after the end of monsoonseason in Surigao, the Philippines. Activity in China's manufacturing sector unexpectedly grew at its fastest pace in nearly five years in March, adding to evidence that the world's second-largest economy has gainedmomentum early this year, an official report showed. Technically now Nickel is getting support at 644.8 and below same could see a test of 638.7 level, And resistance is now likely to be seen at 657.7, a move above couldsee prices testing 664.5.

SELL NICKEL APR 2017 @ 656.00 SL 664.00 TGT 648.00-636.00.MCX

Activity in China's manufacturing sector unexpectedly grew at its fastest pace in nearly five years in March, adding to evidence that economy has gained momentum.

Indonesia's state-owned miner Aneka Tambang has been granted an initial approval to export up to 2.7 million tonnes of nickel ore over the next 12 months.

Nickel prices dropped after LME prices dropped by 1 percent at $10,030 on prospects of rising Indonesian supply.

Zinc prices standouts among a brightening outlook for base metals, with supply constraints and China-driven demand set to lift prices in coming months.

Zinc prices dropped as LME zinc finished the day down 3.1 percent at $2,770 due to concerns over failure in output cut by zinc smelters.

HIGH 658.4 SUP-1 644.8

LOW 645.5 P.P. 651.6

Zinc on MCX settled down -2.88% at 178.85 as LME zinc finished the day down 3.1 percent at $2,770 due to concerns over failure in output cut by zinc smelters. Zinc prices standouts among a brightening outlook for basemetals, with supply constraints and China-driven demand set to lift prices in coming months. Zinc mines in Huayuan County, Hunan Province were forced to slash or suspend production recently since the region stepped upenvironmental protection. Some mines that had passed inspections were also affected by this round of environmental protection and will delay restarts until late April or early May. Activity in China's manufacturing sectorunexpectedly grew at its fastest pace in nearly five years in March, adding to evidence that the world's second-largest economy has gained momentum early this year, an official report showed. Federal Reserve official'sseemingly dovish remarks and uninspiring data on the U.S. economy doused the sanguine mood from earlier in the week. Korea Zinc Inc, the world's third-largest zinc smelter, has agreed to take a 15 percent drop in annualprocessing fees for 2017 as smelters grapple with a dearth of mine supply. The South Korean firm agreed annual treatment charges with Canada's Teck Resources of $172 per tonne, citing unidentified people with knowledgeof the matter. The first major deal of the year, it is likely to set the global benchmark and compares to $188 a tonne in 2016 agreed between Teck and Glencore, the deal that set last year's benchmark. Technically market isunder fresh selling as market has witnessed gain in open interest by 0.38% to settled at 4231, now Zinc is getting support at 177 and below same could see a test of 175 level, And resistance is now likely to be seen at182.4, a move above could see prices testing 185.8.

MCX Nickel Apr 2017 TRADING IDEA

OPEN 653.3

TRADING IDEA

OPEN 18165 SUP-2 17775 Jeera trading range for the day is 17775-18595.

HIGH 18420 SUP-1 17950

LOW 18010 P.P. 18185

NCDEX Jeera May 2017

18120 RES-1 18360 NCDEX accredited warehouses jeera stocks gained by 38 tonnes to 554 tonnes.

% CNG -0.28 RES-2 18595 BUY JEERA MAY 2017 @ 18080 SL 17980 TGT 18180-18350.NCDEX

Page No - 6

CLOSE 6376 RES-1 6434

% CNG -0.50 RES-2 6490 SELL TURMERIC MAY 2017 @ 6400 SL 6520 TGT 6280-6150.NCDEX

NCDEX accredited warehouses turmeric stocks dropped by 159 tonnes to 1785 tonnes.

Date : Monday, April 03, 2017 URL : www.achiieversequitiesltd.com

Turmeric on NCDEX settled down -0.5% at 6376 as pressure continues as turmeric output is expected to be bumper as not only the acreage was higher but weather remained favourable. In coming days, arrivals are expectedto increase which could put pressure over prices. New crop arrivals have started in all the major producing centres of Andhra Pradesh, Telangana, Maharashtra, Odisha. Production in the ongoing season is expected toincrease mainly on higher sowing area and favourable weather conditions in Maharashtra, Telangana and Andhra Pradesh etc. On the export front, country exported about 82,115 tons during April-December period, up by28% compared to last year exports of 64,105 tons. Though, some gains were capped on heavy arrivals from the producing belts. The turmeric arrivals in the country is on higher side during second half of March to 79,534tons compared to 63,965 tons during last month same period. Demand for new turmeric increased. Traders expect the prevailing turmeric price to be maintained for a few more days. At the Erode Turmeric MerchantsAssociation sales yard, finger turmeric sold at Rs. 5,689-8,515 a quintal, while the root variety sold at Rs. 5,506-7,625. At the Regulated Marketing Committee, finger turmeric sold at Rs. 6,449-7,786 a quintal and the rootvariety at Rs. 6,139-6,669. At the Erode Cooperative Marketing Society finger turmeric sold at Rs. 7,256-8,169 and the root variety at Rs. 6,399-6,955. Technically market is under fresh selling as market has witnessed gainin open interest by 4.34% to settled at 9025 while prices down -32 rupees, now Turmeric is getting support at 6341 and below same could see a test of 6305 level, And resistance is now likely to be seen at 6433, a moveabove could see prices testing 6489.

New crop arrivals have started in all the major producing centres of Andhra Pradesh, Telangana, Maharashtra, Odisha.

Turmeric prices dropped as pressure continues as turmeric output is expected to be bumper.

Exporters are likely to fetch better realisation due to the quality of the jeera crop.

Jeera settled down on late selling after prices earlier gains on a lower output forecast.

HIGH 6454 SUP-1 6342

LOW 6362 P.P. 6398

Jeera on NCDEX settled down -0.28% at 18120 on late selling after prices earlier gains on a lower output forecast and strong demand from overseas buyers. Exporters are likely to fetch better realisation due to the quality ofthe jeera crop. A recent assessment by the Federation of Indian Spices Stakeholders in Udaipur, Rajasthan, has forecast India’s cumin seed production at 5.83 million bags of 40 kg each (233,280 tonnes) this year against4.20 million bags of 40 kg each (168,320 tonnes) last year. The latest spell of rainfall last week is estimated to have spoiled 30 per cent of the standing crop. Production estimates for 2016-17 are lower due to a decline in thejeera acreage in Gujarat. The Centre pegs production of jeera in the state at 221,000 tonnes, down 11 per cent from last year’s output of 238,000 tonnes. The output is far lower than the normal of 346,000 tonnes in Gujaratin 2013-14. Acreage has fallen to 279,000 hectares this year from 286,000 hectares earlier. According to data, 33,110 tonnes of jeera arrived in the markets between March 1 and March 20, against 34,107 tonnes during thesame period last year. India exports an average of 15,000 tonnes of jeera during March, April and May. Industry players are expecting exports will cross 120,000 tonnes this year against 94,352 tonnes a year ago. Jeeraexports increased 36.7 per cent to 93,724 tonnes during April- December 2016-17. Technically market is under fresh selling as market has witnessed gain in open interest by 20.2% to settled at 9996 while prices down -50rupees, now Jeera is getting support at 17947 and below same could see a test of 17773 level, And resistance is now likely to be seen at 18357, a move above could see prices testing 18593.

NCDEX Turmeric May 2017 TRADING IDEA

OPEN 6440 SUP-2 6306 Turmeric trading range for the day is 6306-6490.

CLOSE

TRADING IDEA

OPEN 996.0 SUP-2 983.3 Menthaoil trading range for the day is 983.3-1003.5.

HIGH 998.7 SUP-1 988.1

LOW 988.6 P.P. 993.4

MCX Menthaoil Apr 2017

LEAD

151.0

CLOSE 992.9 RES-1 998.2

% CNG -0.23 RES-2 1003.5

380.75 178.85 651.0 126.8

COMMODITIES GOLD SILVER CRUDE NAT.GAS COPPER ZINC NICKEL ALUMINUM

28820 42491 3299 209.0

CLOSE 28742 42326 3284 205.8

384.1 182.4 657.7 127.6180.4 651.6 127.0

RESISTANCE29019 42950 3342 214.0 390.3 187.8 670.6 128.928897 42655 3315 212.1 387.4 185.8 664.5 128.3

P. POINT 28698 42196 3272 207.1 381.2

28422 41573 3213 199.0 371.7SUPPORT 28499 41737 3229 202.1 375.0 638.7 125.7

28621 42032 3256 204.0 377.9

OI 6111 11205 13171 6748 13313 4231 27392 3680171.6 631.9 125.0

177.0 644.8 126.3175.0

Negative Positive

SPREAD 144 433 40.00 4.90 4.50 0.35 6.50

TREND Positive Positive Positive Negative Negative Negative Negative

0.25

Date : Monday, April 03, 2017 URL : www.achiieversequitiesltd.com Page No - 7

0

DAILY MARKET LEVEL FOR METAL AND ENERGY

Menthaoil on MCX settled down -0.23% at 992.9 because of fall in demand in the domestic spot market. Further, ample stocks position on higher supplies from producing belts of Chandausi in Uttar Pradesh, too influencedmentha oil prices. Production was lower due to un-favorable weather conditions during the crop’s harvesting period. Traders and stockists in major market of UP maintain that the near term price outlook will be bullish. This isbecause nearly 14500 MT of mint products were exported in six months of the current financial year. Hence mosttraders feel that exportdemand forthe complete financial year can be between27000 and 29000 MT Last yearexports were reported lower at 23000 MT. Farmers are keeping most of the stocks in their hands and as per traders there is willingness amongst the industry persons to buy at prevailing rates. As most of the slocks are heldwith the farmers, purchases are easily made by the industry persons whenever requirement arises. Trade sources estimate that total area under Mentha planting has dropped by 20% to 1.75 lakh ha this season resulting intoa proportionate fall in Mentha oil production this year. However, a pick up in sowing over last couple of weeks have ensured prices falling for the commodity, as low demand further pressurized market sentiments. Technicallymarket is under fresh selling as market has witnessed gain in open interest by 1.13% to settled at 2598 while prices down -2.3 rupees, now Menthaoil is getting support at 988.1 and below same could see a test of 983.3level, And resistance is now likely to be seen at 998.2, a move above could see prices testing 1003.5.

SELL MENTHAOIL APR 2017 @ 991.00 SL 1002.00 TGT 982.00-970.00.MCX

Further, ample stocks position on higher supplies from producing belts of Chandausi in Uttar Pradesh, too influenced mentha oil prices.

Mentha oil prices dropped because of fall in demand in the domestic spot market.

Mentha oil spot at Sambhal closed at 1127.20 per 1kg. Spot prices was down by Rs.-7.20/-.

154.6153.2152.2

147.4148.4149.8

1456

150.8

12:45pm EUR 54.6 54.81:15pm EUR 55.2 551:20pm EUR 53.4 53.41:25pm EUR 58.3 58.31:30pm EUR 56.3 56.21:30pm EUR 0.119 0.1192:30pm EUR 0.002 0.0072:30pm EUR 0.095 0.0967:15pm USD 53.5 53.47:30pm USD 57.2 57.77:30pm USD 0.01 -0.017:30pm USD 68.5 688:00pm USD 0 0

TIME ZONE ECONOMICAL DATA EXP

8

Dallas Federal Reserve Bank President Robert Kaplan said that he would support further interest ratehikes if the U.S. economy takes more steps toward reaching the Fed's goals of full employment and 2percent inflation. "As long as I continue to see us make progress, I will continue to support" furtherrate hikes, Kaplan said at an event at Texas A&M University, adding that he wants the Fed to move"gradually and patiently." Kaplan, who votes this year on Fed policy, repeated his view that theeconomy will likely grow about 2.25 percent this year, but could grow faster, or more slowly,depending in part on the policies the new administration implements. With government debt rising,reform of entitlement programs such as Medicare and Social Security must be on the table, he said."We've got to be really thoughtful about things that might increase debt to GDP," he said. Once theFed has raised rates a bit further, Kaplan and other policymakers have said, it will need to startshrinking its massive balance sheet by allowing maturing mortgage-backed securities and Treasuriesrun off. Asked if he prefers to start with Treasuries or MBS, Kaplan said he would be inclined to act onboth, but to tailor the approach to each type of security.

Activity in China's vast manufacturing sector likely grew for an eighth straight month in March as asurprise rebound in the property market added to a construction boom, boosting sales of buildingmaterials from steel to cement, a poll showed. The official manufacturing Purchasing Managers' Index(PMI) is expected to stay at 51.6 in March, the same as in February which was the second-highestreading since July 2014, according to a median forecast of 31 economists in a poll. While that is wellabove the 50.0 mark which separates expansion from contraction, over a dozen cities haveannounced fresh property cooling measures in recent weeks to slow home price rises, raisingquestions over how long the solid pace of growth can be sustained. Home sales rebounded in the firsttwo months of the year with an increase in new starts, defying previous government curbs to containbubbly prices in big cities such as Beijing. Profits of Chinese industrial firms surged almost 32 percentin the first two months of 2017 -- the fastest pace in nearly 6 years -- as prices of commodities fromcoal to iron ore raced higher. The outlook for China's manufacturing sector is also clouded by U.S.protectionist rhetoric that could hurt exports to its biggest trading destination, although no major U.S.measures have been announced.

India's natural rubber (NR) import in February was half of that a year before, at 15,609 tonnes.Industry representatives say this was mainly due to an increase in prices in Thailand, Indonesia,Vietnam and Malaysia, key sources for Indian tyre makers, the largest consumer of rubber.Intermittent showers in most of the growing areas and relative improvement in the price might meanfairly good production in March, too, says the Rubber Board. Production in February was 54 per centmore than in the same month last year, 57,000 tonnes versus 37,000 tonnes. However, consumptiondropped to around 83,000 tonnes in February from 84,320 tonnes a year before, according to theBoard. Truck and bus radial tyre production dropped in the second half of 2016 by 20 per cent, due toboth a slowdown and import from China. From production of 550,000 in June, it went to 450,000radials in December. Two years before, the tyre industry's capacity utilisation was 80 per cent; it isnow 65-70 per cent. NR production in 2016-17 is expected to exceed the anticipated 654,000 tonnes.Rubber Board statistics show it had reached a cumulative 622,000 tonnes by end-February, thefinancial year's first 11 months. This is 17.6 per cent more than the output during the same periodlast year, of 529,000 tonnes. In 2012-13, production touched 913,700 tonnes, the best since 2004-05. Since then, it gradually dropped, to 562,000 tonnes in 2015-16. Average yield dropped from

Sugar production is likely to decline by 19 per cent to 20.3 million tonnes during sugar year (SY)2017, due to poor rainfall during previous monsoon in key producing states like Maharashtra andKarnataka, Icra said in a report. During SY17, Icra said, domestic sugar consumption is expected tofall by 4 per cent to around 24.0 million tonnes compared to SY16. "Despite a decline in the domesticproduction, we project the closing stocks at 4-4.5 million tonnes at the end of SY17 season, which willbe sufficient to meet the requirement of around two months of consumption," said Icra Ratings SeniorVice President Sabyasachi Majumdar."While this is lower than the normal stock requirement of threemonths, the levels of stocks will largely limit dependence on imports during SY17," Majumdar added.Icra opined sugar prices were likely to remain firm in the next 2-3 quarters, due to tight stockposition in the domestic and global markets. This was likely to augur well in terms of profitability ofthe UP-based sugar mills, it said. However, the western and southern sugar mills would continue tobe impacted by the decline in the cane crushing volumes for most of these units. While the pricesdeclined marginally during November-December 2016, it has recovered to around Rs 37,000 pertonne in January-March 2017, due to the tight stock situation. Although, Icra anticipates a 3-4 percent decline in domestic consumption during the SY17, this is unlikely to affect the prices, as the

Date : Monday, April 03, 2017 URL : www.achiieversequitiesltd.com Page No -

Unemployment RateFinal Manufacturing PMIISM Manufacturing PMIConstruction Spending m/mISM Manufacturing PricesFOMC Member Dudley Speaks

PREV

Mon

Spanish Manufacturing PMIOPEC oil output is likely to fall for a third straight month in March, a Reuters survey found onWednesday, as the United Arab Emirates made progress in trimming supplies while maintenance andunrest cut production in exempt nations Nigeria and Libya. The reduction by the UAE has helped boost OPEC compliance this month with its production-cutting deal to 95 percent, up from an initialFebruary estimate of 94 percent and a record high, according to surveys. The Organisation of thePetroleum Exporting Countries pledged to reduce output by about 1.2 million barrels per day (bpd)from Jan. 1 - the first accord on supply curbs since 2008. Non-OPEC countries pledged to cut abouthalf as much.In comments made to Reuters, OPEC Secretary-General Mohammad Barkindo said theOPEC and non-OPEC agreement "is gradually, but steadily working its way to restore balance to theoil markets"."The rebalancing process is already underway," he added. OPEC wants to end a glut thatis keeping oil LCOc1 below $52 a barrel, half the level of mid-2014. But stocks are still high despitestrong OPEC compliance, boosting expectations that the group will seek to prolong the agreement."OPEC is now facing the prospect of falling short of its objective," said Stephen Brennock of oil brokerPVM. "Bulging global oil stockpiles will not draw down to the five-year average unless OPEC-led cutsare extended." Compliance of 95 percent is higher than OPEC achieved in its last cut in 2009, Reuterssurveys show. Analysts including those at the International Energy Agency have put adherence in

NEWS YOU CAN USE

Italian Manufacturing PMIFrench Final Manufacturing PMIGerman Final Manufacturing PMIFinal Manufacturing PMIItalian Monthly Unemployment RatePPI m/m

DAY

Date : Monday, April 03, 2017 URL : www.achiieversequitiesltd.com Page No - 9