Mcx Commodity Market News : Evening Session - 23.9.2016
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Cardamom futures drop 0.80% on tepid demand
23/09/2016 14:04
CARDAMOM: DOWN TREND
Cardamom futures were trading lower during the afternoon trade in the domestic market on Friday as participants reduced their positions in the agri-commodity amid sluggish physical demand for cardamom in the domestic spot market. Further, sufficient supplies amid higher physical arrivals from the major cardamom producing regions, too influenced the downtrend in the domestic cardamom prices. At the MCX, cardamom futures for October 2016 contract is trading at Rs 1,125.40 per kg, down by 0.80 per cent, after opening at Rs 1,135.20, against a previous close of Rs 1,134.50. It touched the intra-day low of Rs 1,125.10 (at 14:03 hours).
Silver loses sheen on profit-booking, weak global cues
23/09/2016 13:59
SILVER: DOWN TREND
Silver futures were trading lower during the afternoon trade in the domestic market on Friday as investors and speculators trimmed their positions in the precious metals at the domestic spot markets.
The prices for silver decline at futures trade due to a weak trend in the precious metals overseas and profit-booking by participants at existing levels.
At the MCX, silver futures for December 2016 contract is trading at Rs 47,150 per kg, down by 0.88 per cent, after opening at Rs 47,289, against a previous close of Rs 47,568. It touched the intra-day low of Rs 47,060 (at 13:52 hours).
Copper futures little change on muted demand
23/09/2016 12:35
COPPER: UPTREND
Copper futures were little changed during the noon trade in the domestic market on Friday as participants remained on the sidelines in the industrial metal on low demand from consuming industries in the domestic spot markets. Besides, a slide in demand from consuming industries at the spot market, mainly influenced copper prices at futures trade.
At the MCX, copper futures for November 2016 contract is trading at Rs 326.70 per kg, down by 0.02 per cent, after opening at Rs 326.25, against a previous close of Rs 326.75. It touched the intra-day low of Rs 325.60 (at 12:30 hours).
Crude oil futures in reverse gear on technical sell-off
23/09/2016 12:26
CRUDEOIL: UPTREND
Crude oil futures were trading lower during the noon trade in the domestic market on Friday as investors and speculators trimmed their positions due to a technical sell-off following 2 sessions of strong gains and on caution ahead of OPEC ministers’ meeting next week in Algeria to dicuss possible production co-operation to rein in global oversupply.
The crude oil prices also fell due to a rise in crude supplies, with global production already exceeding consumption almost without interruption since mid-2014.
At the MCX, crude oil futures for October 2016 contract is trading at Rs 3,076 per barrel, down by 0.81 per cent, after opening at Rs 3,090, against a previous close of Rs 3,101. It touched the intra-day low of Rs 3,065 (at 12:16 hours).
