How is Baisakhi celebrated?

Baisakhi, celebrated with joyous music and dancing, is New Year's Day in Punjab. It falls on April 13, though once in 36 years it occurs on 14th April. It was on this day that the tenth Sikh Guru, Guru Gobind Singh, founded the Khalsa (the Sikh brotherhood) in 1699. The Sikhs, therefore, celebrate this festival as a collective birthday.

Sikhs visits gurdwaras (Sikh temples) and listen to kirtans (religious songs) and discourses. After the prayer, kada prasad (sweetened semolina) is served to the congregation. The function ends with langar, the community lunch served by volunteers. With no particular religious nuance, Hindus and Sikhs celebrate in a community sort of way - folk dances, music and a feeling of camaraderie underline these celebrations.

Processions are taken out, at the head of which are the panj piaras. Mock duels and bands playing religious tunes are part of the processions. Schoolchildren also enthusiatically take part in them.
For people in villages this festival is a last opportunity for relaxing before they start harvesting of corn. Processions and feasting follow readings of the holy scripture of the Sikhs, Guru Granth Sahib.
It is a day of celebration, particularly in the rural farming areas where the farmer rejoices at the sight of the fruits of his labour - the harvested crop. After 6 to 8 months of hard toil in the fields, this is the day any farmer would look forward to. 

WE WISH ALL OF YOU HAPPY BAISHAKHI IN ADVANCE STAY HAPPY 

LME Inventory Data For 12 April

Copper +3475 ,

Aluminium +2650, 

Nickel +1008

Zinc +1225,

Lead -800,

Tin +15

Commodity Inventories plays an important role in commodity trading, specially in future trading. It directly provides you an idea about commodity demand and supply. Inventories of commodites, with low inventories typically leading to more volatile future prices and increasing the risk of a "stockout" (inventory exhaustion). Commodity Calls collects the data for its members from various sources and present it for the your convenience. Inventory data of commodities is used on the relationship between inventories and commodity futures risk premiums.

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Infosys Q4 profit seen down 3% QoQ

Infosys will kickstart the earnings season with its fourth quarter results on Friday. India's second largest software services provider cheered the street in Oct-Dec after several dismal quarters.

The company is expected to meet forecast in Jan-Mar, or maybe just miss it due to British Pound depreciation to the US Dollar. But the big question is will it guide or not guide for FY14?

Analysts on average expect Infosys to report a net profit of Rs 2,297 crore, down 3 percent sequentially, while Rupee revenue is seen up 3 percent at Rs 10,730 crore, according to a CNBC-TV18 poll. In US Dollar terms, revenue is expected to rise 4 percent at USD 1,987 million in Q4.

"We expect Infosys to meet its guidance in constant-currency terms, but 0.3 percentage point cross-currency revenue growth headwind might just make it difficult to meet guidance in reported terms," said Viju George and Amit Sharma of JP Morgan.

The analysts expect it to report 2.4 percent Dollar organic revenue growth, while Lodestone will add another 1.3 percent to growth quarter-on-quarter.

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LME INVENTORY DATA FOR 11 APRIL

Metal	Change from previous day
Aluminium	-10800
Copper	2250
Lead	-75
Nickel	678
Tin	40
Zinc	1175

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Goldman Sachs cuts gold price targets

Goldman Sachs cut its gold price forecasts for a second time in six weeks on Wednesday, citing expectations for an acceleration in US economic growth and the metal's recent lack luster price performance.

The bank lowered its 2013 average gold price forecast to $1,545 an ounce from $1,610 and its 2014 price view to $1,350 an ounce from $1,490.

It also advised that investors close a long COMEX gold position, recommended in late 2010, and replace it with a short COMEX position.

Goldman had already cut its gold forecasts in late February, reducing its 2013 price view from $1,810 an ounce. Its current forecast amounts to a fall in the average gold price year-on-year for the first time since 2001, when the metal's 12-year bull run began.

JAI MATA DI 

STOCK MARKET UPDATES 

NIFTY OUTLOOK 

 Trend: - CONSOLIDATE 

 Resistance: - 5635, 5725 

 Support: - 5480, 5390 

 Strategy: - SELL ON HIGH

BANK NIFTY OUTLOOK 

 Trend: - CONSOLIDATE 

 Resistance: -11245, 11442 

 Support: -10895, 10730 

 Strategy: - SELL ON HIGH 

STOCK FUTURE TIPS FOR TODAY 

SELL WIPRO LTD FUTURES BELOW 397 

TG-390/385 

SL-403.5

BUY LUPIN FUTURES ABOVE 628 

TG-635

SL-706 

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LME Inventory Data Apr 10

Metal	Change from previous day
Aluminium	-250
Copper	375
Lead	-150
Nickel	912
Tin	-25
Zinc	-8175

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Sensex pares gains after rising over 150 points in early trade

After opening with a strong positive gap and surging further up, the Indian stock market gave up some gains this morning with a few front line stocks facing some resistance at higher levels.

A positive close on Wall Street overnight and the resultant rally in some Asian markets set up a firm start for stocks on the Indian bourses today. Bargain hunting after the previous session's sharp setback too contributed to the upmove.

The BSE benchmark Sensex, which spurted to 18,382.26 in early trades, gaining more than 150 points in the process, is currently up just 37 points or 0.2% at 18,263.48. The Nifty index of the National Stock Exchange is up 8.55 points or 0.16% at 5503.65, more than 30 points off an early high of 5536.40.

Realty, metal, information technology, capital goods and healthcare stocks are trading higher. Select stocks from banking, power and oil sections are also up in positive territory with smart gains. A few stocks from PSU space are up sharply, while FMCG stocks are relatively subdued. Automobile stocks are trading lower.

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LME Inventory Data For 09 April

Metal	Change from previous day
Aluminium	-9825
Copper	8150
Lead	-150
Nickel	-78
Tin	35
Zinc	-7125

LMEInventory acts as a common carrier, providing universal, non-discriminatoryaccess to all suppliers and consumers of information with respect to itsdiscussion groups and contributed commentaries. LME Inventory does not exerciseany editorial control over the content of the discussion groups or contributedcommentaries. LME Inventory does not necessarily endorse any statements thatare made or assert the truthfulness or reliability of the information provided.

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Option tips and Commodity tips for the day 09 April

OPTION CALLS 

BUY BHARTI CALL 290@ 5 

SL. 3.50 

TRG. 7-9

STOCK TIPS 

SELL ICICI BANK @ 1105

 SL 1011 

TGT 990

PRE-MARKET COMMODITY CALL:

BUY COPPER (APR) ABOVE 409

TG-410.50/412.50/415 

SL-406.50

MARKET WRAP

•  Sensex down 0.07%@18437.78 pts, while Nifty down 0.19%@5542.95 pts. 
•  European indices CAC, DAX & FTSE all were up today 0.32%, to 0.69 % resp. 
•  NASDAQ was down 0.65% while Dow Jones Ind. Avg. was down with 0.28%. 

Sensex down 12.45@18437.78 Nifty down 10.30@5542.95. The Sensex edged lower on Monday, extending falls for a fourth consecutive session, as software services exporters fell ahead of what is widely expected to be a lackluster earnings season, and as foreign funds continued to exit local holdings. Infosys & TCS down near 1.15 % prov. 

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