Mcx Commodity Market News : Morning Session - 29.9.2016
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Sebi unveils option contracts in commodity trading
29/09/2016 08:56
Capital markets watchdog Securities and Exchange Board of India (Sebi) has said that it has permitted commodity derivative exchanges to launch options contracts for trading with the aim of growing liquidity and enticing more investors to the commodities market. Sebi said commodity options will ease hedging by market participants and help expand the commodity derivatives market. The exchanges have been allowed to trade in options following a recommendation by the Commodity Derivatives Advisory Committee (CDAC), Sebi said in a circular. At present, only futures contracts based on individual commodities are traded on commodity bourses. As per reports, every exchange will need prior approval from Sebi for launching options trading for which detailed norms will be released later. The move comes exactly a year after the former commodity markets regulator, the Forward Markets Commission, was merged with Sebi.
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Gold dips on weak demand
29/09/2016 08:56
Gold futures closed lower in the domestic market on Wednesday as demand for haven assets dulled in the wake of the first U.S. presidential debate. Gold and the dollar typically move inversely, and a higher dollar can diminish the appeal of the yellow metal priced in dollars. At the MCX, gold futures for October 2016 contract ended at Rs 30,949 per 10 grams, down by 0.09 per cent, after opening at Rs 30,980, against a previous close of Rs 31,978. It touched the intra-day low of Rs 30,866.
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Silver up on firm global cues
29/09/2016 08:57
Silver futures closed higher in the domestic market on Wednesday as speculators widened positions amid a firm trend in precious metals overseas. Analysts said that speculative positions created by participants tracking a firm trend in global market for precious metals raised demand for the commodities including precious metals. This influenced silver prices at the futures trade. At the MCX, silver futures for December 2016 contract closed at Rs 45,623 per kg, up by 0.28 per cent, after opening at Rs 45,363, against a previous close of Rs 45,494. It touched the intra-day high of Rs 45,700.
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Crude oil rises as OPEC agrees to cap production
29/09/2016 08:58
Crude oil futures closed higher in the domestic market on Wednesday following news that the Organization of the Petroleum Exporting Countries had agreed on the need to cap crude production. Members of the Organization of the Petroleum Exporting Countries and other big oil producers held discussions Wednesday on the sidelines of an energy forum in Algeria on ways to help stabilize the oil market. At the MCX, crude oil futures for October 2016 contract closed at Rs 3068 per barrel, up by 3.13 per cent, after opening at Rs 2980, against a previous close of Rs 2975. It touched the intra-day high of Rs 3070.
Free Mcx Commodity Trend Update ( Call - 9094047040)
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Join Our Whatsapp No : 9841986753
Keep Refresh for Fresh Tips
Sebi unveils option contracts in commodity trading
29/09/2016 08:56
Capital markets watchdog Securities and Exchange Board of India (Sebi) has said that it has permitted commodity derivative exchanges to launch options contracts for trading with the aim of growing liquidity and enticing more investors to the commodities market. Sebi said commodity options will ease hedging by market participants and help expand the commodity derivatives market. The exchanges have been allowed to trade in options following a recommendation by the Commodity Derivatives Advisory Committee (CDAC), Sebi said in a circular. At present, only futures contracts based on individual commodities are traded on commodity bourses. As per reports, every exchange will need prior approval from Sebi for launching options trading for which detailed norms will be released later. The move comes exactly a year after the former commodity markets regulator, the Forward Markets Commission, was merged with Sebi.
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Join Our Whatsapp No : 9841986753
Gold dips on weak demand
29/09/2016 08:56
Gold futures closed lower in the domestic market on Wednesday as demand for haven assets dulled in the wake of the first U.S. presidential debate. Gold and the dollar typically move inversely, and a higher dollar can diminish the appeal of the yellow metal priced in dollars. At the MCX, gold futures for October 2016 contract ended at Rs 30,949 per 10 grams, down by 0.09 per cent, after opening at Rs 30,980, against a previous close of Rs 31,978. It touched the intra-day low of Rs 30,866.
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Join Our Whatsapp No : 9841986753
Silver up on firm global cues
29/09/2016 08:57
Silver futures closed higher in the domestic market on Wednesday as speculators widened positions amid a firm trend in precious metals overseas. Analysts said that speculative positions created by participants tracking a firm trend in global market for precious metals raised demand for the commodities including precious metals. This influenced silver prices at the futures trade. At the MCX, silver futures for December 2016 contract closed at Rs 45,623 per kg, up by 0.28 per cent, after opening at Rs 45,363, against a previous close of Rs 45,494. It touched the intra-day high of Rs 45,700.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Crude oil rises as OPEC agrees to cap production
29/09/2016 08:58
Crude oil futures closed higher in the domestic market on Wednesday following news that the Organization of the Petroleum Exporting Countries had agreed on the need to cap crude production. Members of the Organization of the Petroleum Exporting Countries and other big oil producers held discussions Wednesday on the sidelines of an energy forum in Algeria on ways to help stabilize the oil market. At the MCX, crude oil futures for October 2016 contract closed at Rs 3068 per barrel, up by 3.13 per cent, after opening at Rs 2980, against a previous close of Rs 2975. It touched the intra-day high of Rs 3070.
