Mcx Commodity News - Evening Session : 28.07.2016
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Silver futures zoom on positive overseas cues 28/07/2016 16:29
Silver futures were trading higher during the evening trade in the domestic market on Thursday as traders widened their bets tracking a firm trend at global markets. Silver rallied in global markets after the US Fed indicated that it would take a slow, measured approach to any interest rate hikes amid a weak dollar raising demand for the safe-haven, supported the prices of white metal at the futures trade. At the MCX, silver futures for September 2016 contract is trading at Rs 47,746 per kg, up by 1.55 per cent
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Firm physical demand lifts Mentha Oil 28/07/2016 16:28
Mentha Oil futures were trading higher during noon trade in the domestic market on Thursday as investors and speculators booked fresh positions in the agri-commodity amid a pickup in physical demand for menthe oil in the domestic spot market.
Further, restricted supplies amid lower physical arrivals from the major menthe oil producing belts in the country also exerted upward pressure on domestic cardamom prices. At the MCX, Mentha oil futures for July 2016 contract were trading at Rs 931.20 per kg, up by 0.57 per cent
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Yellow metal shines after FOMC meet 28/07/2016 16:00
Gold futures were trading higher during the evening trade in the domestic market on Thursday as traders widened their bets in the precious metal after the US Fed left interest rates unchanged while reiterating its intention to tighten borrowing costs gradually even as the US economy shows signs of improvement, bolstering the lure for the bullion as a store of value. The US Fed stressed that the risks to the world’s biggest economy have now subsided with the labour market recovery gaining traction, a sign that conditions to tighten monetary policy are now becoming more favorable.
At the MCX, gold futures for August 2016 contract is trading at Rs 31,217 per 10 grams, up by 0.75 per cent
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Aluminium futures rise on spot demand 28/07/2016 15:51
Aluminium futures were trading higher during the afternoon trade in the domestic market on Thursday as traders widened their bets amid surge in physical demand for aluminium in the domestic spot market. At the MCX, aluminium futures for July 2016 contract is trading at Rs 106.70 per kg, up by 0.23 per cent
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Lead in firm gear 28/07/2016 14:50
Lead futures were trading higher during noon trade in the domestic market on Thursday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for lead from battery-makers, in the domestic spot market.
Upbeat US housing data signaled an improved demand outlook for the metal as contracts to purchase existing homes in the US rose 0.2 per cent in June from May when they had dropped 3.7 per cent.
At the MCX, Lead futures for July 2016 contract is trading at Rs 120.45 per kg, up by 0.29 per cent
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Zinc futures zoom on uptick in demand 28/07/2016 14:28
Zinc futures were trading higher during the afternoon trade in the domestic market on Thursday as investors created speculative positions amid uptick in demand in the domestic spot markets and covering-up of short positions. Further, firm trend at spot market on pick up in demand from consuming industries, supported zinc prices in futures trade. At that MCX, zinc futures for July 2016 contract is trading at Rs 146.75 per kg, up by 0.82 per cent,
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Firm physical demand buoys Cardamom 28/07/2016 14:25
Cardamom futures were trading higher during noon trade in the domestic market on Thursday as investors and speculators booked fresh positions in the agri-commodity amid a pickup in physical demand for cardamom in the domestic spot market.
Further, restricted supplies amid lower physical arrivals from the major cardamom producing belts in the country also exerted upward pressure on domestic cardamom prices. At the MCX, Cardamom futures for August 2016 contract is trading at Rs 942.1 per kg, up by 0.59 per cent,
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Spot demand lifts Nickel futures by 1.28% 28/07/2016 13:37
Nickel futures were trading higher during the afternoon trade in the domestic market on Thursday as traders raised their bets amid a firming trend at domestic market on the back of increased demand from alloy-makers. Further, the increase in domestic demand from alloy-makers at the domestic spot markets, helped the upside in nickel prices at the futures trade. At the MCX, nickel futures for July 2016 contract is trading at Rs 702.90 per kg, up by 1.28 per cent
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Upbeat physical demand bolsters Zinc 28/07/2016 13:25
Zinc futures rose during noon trade in the domestic market on Thursday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for zinc in the domestic spot market. Further, China’s industrial profits rose 5.1 per cent in June 2016 from the same month a year ago, notching up the biggest gain since March, signaling a recovery in the world’s second biggest economy, boosting the demand prospects for metals. At the MCX, zinc futures for July 2016 contract is trading at Rs 146.75 per kg, up by 0.82 per cent,
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Improved US, China demand outlook buoys Copper 28/07/2016 12:12
Copper futures rose during noon trade in the domestic market on Thursday as investors and speculators booked fresh positions in the industrial metal as the fastest pace of growth in China’s industrial profits in three months in June signaled a pickup in the economic recovery in the world’s biggest metals consumer, bolstering the demand prospects for copper. China’s industrial profits rose 5.1 per cent, year on year, in June 2016. Further, US capital goods orders rose in June for the first time in three months, up 0.2 per cent from May, signaling a rebound in the manufacturing sector of the world’s biggest economy, supporting metals. At the MCX, Copper futures for August 2016 contract is trading at Rs 328.15 per kg, up by 0.63 per cent
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Gold shines post Fed verdict 28/07/2016 12:08
The yellow metal was trading higher during late morning trade in the domestic market on Thursday as investors and speculators booked fresh positions in the precious metal after the US Federal Reserve left interest rates unchanged while reiterating its intention to tighten borrowing costs gradually even as the US economy shows signs of improvement, bolstering the lure for the bullion as a store of value. The Fed stressed that the risks to the world’s biggest economy have now subsided with the labour market recovery gaining traction, a sign that conditions to tighten monetary policy are now becoming more favorable. Gold, a non-interest bearing asset, will benefit from a slow pace of US rate hikes. At the MCX, gold futures for August 2016 contract is trading at Rs 31,220 per 10 grams, up by 0.76 per cent
Evening Session - Commodity News
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Keep Refresh for Fresh News
Silver futures zoom on positive overseas cues 28/07/2016 16:29
Silver futures were trading higher during the evening trade in the domestic market on Thursday as traders widened their bets tracking a firm trend at global markets. Silver rallied in global markets after the US Fed indicated that it would take a slow, measured approach to any interest rate hikes amid a weak dollar raising demand for the safe-haven, supported the prices of white metal at the futures trade. At the MCX, silver futures for September 2016 contract is trading at Rs 47,746 per kg, up by 1.55 per cent
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Firm physical demand lifts Mentha Oil 28/07/2016 16:28
Mentha Oil futures were trading higher during noon trade in the domestic market on Thursday as investors and speculators booked fresh positions in the agri-commodity amid a pickup in physical demand for menthe oil in the domestic spot market.
Further, restricted supplies amid lower physical arrivals from the major menthe oil producing belts in the country also exerted upward pressure on domestic cardamom prices. At the MCX, Mentha oil futures for July 2016 contract were trading at Rs 931.20 per kg, up by 0.57 per cent
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Yellow metal shines after FOMC meet 28/07/2016 16:00
Gold futures were trading higher during the evening trade in the domestic market on Thursday as traders widened their bets in the precious metal after the US Fed left interest rates unchanged while reiterating its intention to tighten borrowing costs gradually even as the US economy shows signs of improvement, bolstering the lure for the bullion as a store of value. The US Fed stressed that the risks to the world’s biggest economy have now subsided with the labour market recovery gaining traction, a sign that conditions to tighten monetary policy are now becoming more favorable.
At the MCX, gold futures for August 2016 contract is trading at Rs 31,217 per 10 grams, up by 0.75 per cent
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Aluminium futures rise on spot demand 28/07/2016 15:51
Aluminium futures were trading higher during the afternoon trade in the domestic market on Thursday as traders widened their bets amid surge in physical demand for aluminium in the domestic spot market. At the MCX, aluminium futures for July 2016 contract is trading at Rs 106.70 per kg, up by 0.23 per cent
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Lead in firm gear 28/07/2016 14:50
Lead futures were trading higher during noon trade in the domestic market on Thursday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for lead from battery-makers, in the domestic spot market.
Upbeat US housing data signaled an improved demand outlook for the metal as contracts to purchase existing homes in the US rose 0.2 per cent in June from May when they had dropped 3.7 per cent.
At the MCX, Lead futures for July 2016 contract is trading at Rs 120.45 per kg, up by 0.29 per cent
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Zinc futures zoom on uptick in demand 28/07/2016 14:28
Zinc futures were trading higher during the afternoon trade in the domestic market on Thursday as investors created speculative positions amid uptick in demand in the domestic spot markets and covering-up of short positions. Further, firm trend at spot market on pick up in demand from consuming industries, supported zinc prices in futures trade. At that MCX, zinc futures for July 2016 contract is trading at Rs 146.75 per kg, up by 0.82 per cent,
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Firm physical demand buoys Cardamom 28/07/2016 14:25
Cardamom futures were trading higher during noon trade in the domestic market on Thursday as investors and speculators booked fresh positions in the agri-commodity amid a pickup in physical demand for cardamom in the domestic spot market.
Further, restricted supplies amid lower physical arrivals from the major cardamom producing belts in the country also exerted upward pressure on domestic cardamom prices. At the MCX, Cardamom futures for August 2016 contract is trading at Rs 942.1 per kg, up by 0.59 per cent,
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Spot demand lifts Nickel futures by 1.28% 28/07/2016 13:37
Nickel futures were trading higher during the afternoon trade in the domestic market on Thursday as traders raised their bets amid a firming trend at domestic market on the back of increased demand from alloy-makers. Further, the increase in domestic demand from alloy-makers at the domestic spot markets, helped the upside in nickel prices at the futures trade. At the MCX, nickel futures for July 2016 contract is trading at Rs 702.90 per kg, up by 1.28 per cent
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Upbeat physical demand bolsters Zinc 28/07/2016 13:25
Zinc futures rose during noon trade in the domestic market on Thursday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for zinc in the domestic spot market. Further, China’s industrial profits rose 5.1 per cent in June 2016 from the same month a year ago, notching up the biggest gain since March, signaling a recovery in the world’s second biggest economy, boosting the demand prospects for metals. At the MCX, zinc futures for July 2016 contract is trading at Rs 146.75 per kg, up by 0.82 per cent,
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Improved US, China demand outlook buoys Copper 28/07/2016 12:12
Copper futures rose during noon trade in the domestic market on Thursday as investors and speculators booked fresh positions in the industrial metal as the fastest pace of growth in China’s industrial profits in three months in June signaled a pickup in the economic recovery in the world’s biggest metals consumer, bolstering the demand prospects for copper. China’s industrial profits rose 5.1 per cent, year on year, in June 2016. Further, US capital goods orders rose in June for the first time in three months, up 0.2 per cent from May, signaling a rebound in the manufacturing sector of the world’s biggest economy, supporting metals. At the MCX, Copper futures for August 2016 contract is trading at Rs 328.15 per kg, up by 0.63 per cent
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Gold shines post Fed verdict 28/07/2016 12:08
The yellow metal was trading higher during late morning trade in the domestic market on Thursday as investors and speculators booked fresh positions in the precious metal after the US Federal Reserve left interest rates unchanged while reiterating its intention to tighten borrowing costs gradually even as the US economy shows signs of improvement, bolstering the lure for the bullion as a store of value. The Fed stressed that the risks to the world’s biggest economy have now subsided with the labour market recovery gaining traction, a sign that conditions to tighten monetary policy are now becoming more favorable. Gold, a non-interest bearing asset, will benefit from a slow pace of US rate hikes. At the MCX, gold futures for August 2016 contract is trading at Rs 31,220 per 10 grams, up by 0.76 per cent
