Mcx Commodity News for Cardamom, Silver, Nickel, Crudeoil : Evening Session - 25.10.2016

Mcx Commodity Market News : Evening Session 

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Cardamom futures gain on upsurge in demand
25/10/2016 16:49
Cardamom futures were trading higher during the evening trade in the domestic market on Tuesday as investors and speculators extended their positions in the agri-commodity amid upsurge in physical demand for cardamom in the domestic spot market along with export demand. Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, too supported the uptrend in the domestic cardamom prices. At the MCX, cardamom futures for November 2016 contract is trading at Rs 1228.90 per kg, up by 0.20 per cent, after opening at Rs 1249, against a previous close of Rs 1226.40. It touched the intra-day high of Rs 1253 (at 16:50 hours).

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White metal shines on global cues
25/10/2016 16:43
Silver futures were trading higher during the evening trade in the domestic market on Tuesday as participants widened their bets in the precious metal tracking positive cues from global markets.
Further, analysts attributed the rise in silver prices at futures trade to a firm trend in the precious metal overseas where silver rose to the highest in more than 2 weeks after European manufacturing data added to evidence of a pick up in the region's economy, boosting the demand outlook for metals.
At the MCX, silver futures for December 2016 contract is trading at Rs 42323 per kg, up by 0.63 per cent, after opening at Rs 42151, against a previous close of Rs 42058. It touched the intra-day high of Rs 42417 (at 16:33 hours).

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Nickel futures zoom 1.46% on uptick in demand
25/10/2016 16:38
Nickel futures were trading higher during the evening trade in the domestic market on Tuesday as investors and speculators build up fresh bets in the industrial metal amid an increase in physical demand for nickel from major consuming industries in the domestic spot market. The prices of nickel rise due to raising of positions by participants in the industrial metal on account of upsurge in spot demand from alloy-makers at domestic spot markets.
At the MCX, nickel futures for October 2016 contract is trading at Rs 687.50 per kg, up by 1.46 per cent, after opening at Rs 680.40, against a previous close of Rs 677.60. It touched the intra-day high of Rs 688.30 (at 16:41 hours).

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Crude oil futures rise ahead of US data
25/10/2016 16:37
Crude oil futures were trading higher during the evening trade in the domestic market on Tuesday as investors and speculators widened their positions in the energy commodity ahead of the release of the US crude inventory data.
However, a flurry of top-level comments from OPEC members regarding chances of an output cut restricted further rise in prices.
At the MCX, crude oil futures for November 2016 contract is trading at Rs 3403 per barrel, up by 1.43 per cent, after opening at Rs 3360, against a previous close of Rs 3355. It touched the intra-day high of Rs 3414 (at 16:33 hours).