Mcx Commodity Market News : Morning Session - 28.9.2016
Free Mcx Commodity Trend Update ( Call - 9094047040)
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Keep Refresh for Fresh Tips
Stronger dollar bites Gold
28/09/2016 12:54
Gold futures fell during noon trade in the domestic market on Wednesday as investors and speculators exit positions in the yellow metal as the outcome of the first US Presidential debate with Hillary Clinton emerging stronger than her Republican opponent Donald Trump dimmed the lure for safe haven assets.
Further, a stronger greenback curbed the appeal for the bullion as an alternative asset.
Stronger dollar makes gold more expensive for those holding other currencies, thus dimming demand.
At the MCX, gold futures for October 2016 contract is trading at Rs 30,940 per 10 grams, down by 0.12 per cent, after opening at Rs 30,980, against a previous close of Rs 30,978. It touched the intra-day low of Rs 30,926 (at 12:50 hours).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Upsurge in demand lifts lead futures by 0.35%
28/09/2016 12:01
Lead futures were trading higher during the noon trade in the domestic market on Wednesday as participants widened their positions in the industrial metal due to an increase in physical demand for lead, from battery-makers, in the domestic spot market.
Further, an uptick in demand from battery-makers in the domestic spot market, supported prices of lead at the domestic spot markets. At the MCX, lead futures for September 2016 contract is trading at Rs 130.25 per kg, up by 0.35 per cent, after opening at Rs 130, against a previous close of Rs 129.80. It touched the intra-day high of Rs 130.40 (at 12:02 hours).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Aluminium futures surge 0.23% on pickup in demand
28/09/2016 11:58
Aluminium futures were trading higher during the noon trade in the domestic market on Wednesday as participants widened their positions amidst uptick in physical demand for aluminium in the domestic spot market.
Further, an increase in demand for aluminium at the domestic spot market was led by building up of fresh positions by participants in the spot markets, supported aluminium prices at futures trade.
At the MCX, aluminium futures for September 2016 contract is trading at Rs 108.95 per kg, up by 0.23 per cent, after opening at Rs 108.90, against a previous close of Rs 108.70. It touched the intra-day high of Rs 109.10 (at 11:57 hours).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
US inventory data buoys Crude oil
28/09/2016 11:21
Crude oil futures rose during late morning trade in the domestic market on Wednesday as investors and speculators booked fresh positions in the energy commodity as a surprise decline in US storage levels last week eased concerns over a global supply glut. The Industry-funded American Petroleum Institute (API) said that US crude oil supplies fell by 752,000 barrels in the week ended September 23, 2016. The EIA will release separate US inventory data on Wednesday. Meanwhile, the focus is on an informal meeting of OPEC countries in Algeria today but chances of a deal to cut output are pretty slim. At the MCX, crude oil futures for October 2016 contract is trading at Rs 2,987 per barrel, up by 0.40 per cent, after opening at Rs 2,980, against a previous close of Rs 2,975. It touched the intra-day high of Rs 2,990. (At 11:17 AM).
Free Mcx Commodity Trend Update ( Call - 9094047040)
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Keep Refresh for Fresh Tips
Stronger dollar bites Gold
28/09/2016 12:54
Gold futures fell during noon trade in the domestic market on Wednesday as investors and speculators exit positions in the yellow metal as the outcome of the first US Presidential debate with Hillary Clinton emerging stronger than her Republican opponent Donald Trump dimmed the lure for safe haven assets.
Further, a stronger greenback curbed the appeal for the bullion as an alternative asset.
Stronger dollar makes gold more expensive for those holding other currencies, thus dimming demand.
At the MCX, gold futures for October 2016 contract is trading at Rs 30,940 per 10 grams, down by 0.12 per cent, after opening at Rs 30,980, against a previous close of Rs 30,978. It touched the intra-day low of Rs 30,926 (at 12:50 hours).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Upsurge in demand lifts lead futures by 0.35%
28/09/2016 12:01
Lead futures were trading higher during the noon trade in the domestic market on Wednesday as participants widened their positions in the industrial metal due to an increase in physical demand for lead, from battery-makers, in the domestic spot market.
Further, an uptick in demand from battery-makers in the domestic spot market, supported prices of lead at the domestic spot markets. At the MCX, lead futures for September 2016 contract is trading at Rs 130.25 per kg, up by 0.35 per cent, after opening at Rs 130, against a previous close of Rs 129.80. It touched the intra-day high of Rs 130.40 (at 12:02 hours).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Aluminium futures surge 0.23% on pickup in demand
28/09/2016 11:58
Aluminium futures were trading higher during the noon trade in the domestic market on Wednesday as participants widened their positions amidst uptick in physical demand for aluminium in the domestic spot market.
Further, an increase in demand for aluminium at the domestic spot market was led by building up of fresh positions by participants in the spot markets, supported aluminium prices at futures trade.
At the MCX, aluminium futures for September 2016 contract is trading at Rs 108.95 per kg, up by 0.23 per cent, after opening at Rs 108.90, against a previous close of Rs 108.70. It touched the intra-day high of Rs 109.10 (at 11:57 hours).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
US inventory data buoys Crude oil
28/09/2016 11:21
Crude oil futures rose during late morning trade in the domestic market on Wednesday as investors and speculators booked fresh positions in the energy commodity as a surprise decline in US storage levels last week eased concerns over a global supply glut. The Industry-funded American Petroleum Institute (API) said that US crude oil supplies fell by 752,000 barrels in the week ended September 23, 2016. The EIA will release separate US inventory data on Wednesday. Meanwhile, the focus is on an informal meeting of OPEC countries in Algeria today but chances of a deal to cut output are pretty slim. At the MCX, crude oil futures for October 2016 contract is trading at Rs 2,987 per barrel, up by 0.40 per cent, after opening at Rs 2,980, against a previous close of Rs 2,975. It touched the intra-day high of Rs 2,990. (At 11:17 AM).
