Cardamom futures recover on spot demand
Cardamom futures recovered on improved demand in
the spot market. Improved demand from consuming industries which in turn
encouraged the investors to enlarge their holdings mainly pushed up the
prices.
The contract for May delivery
was trading at Rs 768.50 /Kg, up by 0.42% or Rs 3.20 from its previous
closing of Rs 765.30 /Kg. The open interest of the contract stood at
1972.00 lots.
The contract for June delivery was
trading at Rs 786.30 /Kg, up by 0.40% or Rs 3.10 from its previous
closing of Rs 783.20 /Kg. The open interest of the contract stood at
1420.00 lots on MCX.
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Chana futures trade lower on profit booking
Chana futures traded lower on NCDEX on profit-booking by speculators and subdued demand in the spot market.
The contract for May delivery was trading at Rs
3,439.00, down by 0.95% or Rs 33.00 from its previous closing of Rs
3,472.00. The open interest of the contract stood at 62920 lots.
The contract for June delivery was trading at Rs
3,521.00, down by 0.76% or Rs 27.00 from its previous closing of Rs
3,548.00. The open interest of the contract stood at 110390 lots on
NCDEX.
Copper futures moves up, registers strongest daily gain in 18-month
Copper futures rose more than 6
percent on Friday, its strongest daily gain in 18 months, as economic
stimulus moves by central banks raised investor confidence over growth
of industrial metals demand.
Copper futures for most actively traded July delivery closed at $3.2900 per pound on the Comex metals division of New York Mercantile Exchange. While copper on the London Metal Exchange closed at $7,265 per tone.
Pepper future trade lower on NCDEX
Pepper futures traded lower on NCDEX due to
rising of new crop supply from major pepper producing areas. However,
Quality issues in warehouse stocks are also putting pressure on the
market sentiments.
The contract for May delivery was trading at Rs
35620.00, down by 0.06% or Rs 20.00 from its previous closing of Rs
35640.00. The open interest of the contract stood at 680 lots on NCDEX.
Gold ends flat on Friday erasing earlier gains
Gold futures ended flat on
Friday, erasing earlier gains after faster-than-expected US job growth
reduced any need for the Federal Reserve to boost monetary stimulus. The
metal came under pressure as the S&P 500 and Dow industrials
rallied to intraday records after data showed US nonfarm payrolls rose
165,000 last month and the jobless rate fell to 7.5 percent, the lowest
since December 2008.
Gold futures for June
delivery settled down $3.40 an ounce at $1,464.20 an ounce on the Comex
division of New York Mercantile Exchange. While spot gold edged up 16
cents to $1,466.40 an ounce.
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