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Aluminium futures gain on spot demand
21/10/2016 14:21
Aluminium futures were trading higher during the afternoon trade in the domestic market on Friday as speculators built up fresh positions on uptick in demand from consuming industries in the spot market. Analysts said fresh positions created by participants following pickup in demand from consuming industries in the spot market, mainly influenced aluminium prices at futures trade. At the MCX, aluminium futures for October 2016 contract is trading at Rs 107.80 per kg, up by 0.09 per cent, after opening at Rs 108.20, against a previous close of Rs 107.70. It touched the intra-day high of Rs 108.25 (at 14:22 hours).
Nickel bears rule the roost
21/10/2016 13:05
Nickel futures fell during noon trade in the domestic market on Friday as investors and speculators exit positions in the industrial metal amid weak physical demand for nickel, from alloy-makers, in the domestic spot market.
Traders weighed mixed US economic data as existing home sales rose 3.2 per cent in September, a leading index climbed 0.2 per cent last month but jobless claims surged by 13,000 last week, the biggest increase since July.
At the MCX, nickel futures for October 2016 contract is trading at Rs 672 per kg, down by 0.47 per cent, after opening at Rs 674.9, against a previous close of Rs 675.2.It touched the intra-day low of Rs 671.3. (at 12:56 PM).
Zinc higher after ECB decision
21/10/2016 12:56
Zinc futures rose during noon trade in the domestic market on Friday 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, sentiment improved after the European Central Bank (ECB) at a meeting on Thursday refrained from tinkering with interest rates and kept its bond buying program unchanged but indicated that its QE program may run past the scheduled end-date of March 2017 as it looks to trigger a sustained rebound in Euro area inflation and boost growth with risks to the outlook still tilted to the downside.
At the MCX, zinc futures for October 2016 contract is trading at Rs 152.5 per kg, up by 0.10 per cent, after opening at Rs 152.7, against a previous close of Rs 152.35. It touched the intra-day low of Rs 152.75 (at 12:31 PM).
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
Aluminium futures gain on spot demand
21/10/2016 14:21
Aluminium futures were trading higher during the afternoon trade in the domestic market on Friday as speculators built up fresh positions on uptick in demand from consuming industries in the spot market. Analysts said fresh positions created by participants following pickup in demand from consuming industries in the spot market, mainly influenced aluminium prices at futures trade. At the MCX, aluminium futures for October 2016 contract is trading at Rs 107.80 per kg, up by 0.09 per cent, after opening at Rs 108.20, against a previous close of Rs 107.70. It touched the intra-day high of Rs 108.25 (at 14:22 hours).
Nickel bears rule the roost
21/10/2016 13:05
Nickel futures fell during noon trade in the domestic market on Friday as investors and speculators exit positions in the industrial metal amid weak physical demand for nickel, from alloy-makers, in the domestic spot market.
Traders weighed mixed US economic data as existing home sales rose 3.2 per cent in September, a leading index climbed 0.2 per cent last month but jobless claims surged by 13,000 last week, the biggest increase since July.
At the MCX, nickel futures for October 2016 contract is trading at Rs 672 per kg, down by 0.47 per cent, after opening at Rs 674.9, against a previous close of Rs 675.2.It touched the intra-day low of Rs 671.3. (at 12:56 PM).
Zinc higher after ECB decision
21/10/2016 12:56
Zinc futures rose during noon trade in the domestic market on Friday 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, sentiment improved after the European Central Bank (ECB) at a meeting on Thursday refrained from tinkering with interest rates and kept its bond buying program unchanged but indicated that its QE program may run past the scheduled end-date of March 2017 as it looks to trigger a sustained rebound in Euro area inflation and boost growth with risks to the outlook still tilted to the downside.
At the MCX, zinc futures for October 2016 contract is trading at Rs 152.5 per kg, up by 0.10 per cent, after opening at Rs 152.7, against a previous close of Rs 152.35. It touched the intra-day low of Rs 152.75 (at 12:31 PM).
