Mcx Commodity Market News : Evening Session - 13.102016
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Cardamom remains buoyant in noon trade
13/10/2016 13:07
Cardamom futures jumped by more than 1.5 per cent during noon trade in the domestic market on Thursday as investors and speculators booked fresh positions in the agri-commodity amid a pickup in physical demand for cardamom in the domestic spot market.
Further, restricted supplies amid lower physical arrivals from the major cardamom producing regions also exerted upward pressure on domestic cardamom prices.
At the MCX, cardamom futures for October 2016 contract is trading at Rs 1176 per kg, up by 1.51 per cent, after opening at Rs 1170, against a previous close of Rs 1158.50. It touched the intra-day high of Rs 1190.1 (at 10:23 hours).
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Upbeat physical demand buoys Mentha Oil
13/10/2016 13:05
Mentha oil futures rose during noon trade in the domestic market on Thursday as investors and speculators booked fresh positions in the agri-commodity amid a pickup in physical demand for mentha oil in the domestic spot market.
Further, restricted supplies amid lower physical arrivals from the major mentha oil producing regions also exerted upward pressure on domestic mentha oil prices.
At the MCX, mentha oil futures for October 2016 contract were trading at Rs 878 per kg, up by 0.97 per cent after opening at Rs 870.10, against the previous closing price of Rs 869.60. It touched the intra-day high of Rs 879.5 (at 12:55 PM).
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Yellow metal shines on positive overseas cues
13/10/2016 12:34
Gold futures were trading higher during the noon trade in the domestic market on Thursday as investors and speculators widened their positions in the precious metal on firm trend in global markets.
Analysts attributed the recovery in gold prices to increased buying by participants amid positive global cues, supported the upmove.
At the MCX, gold futures for December 2016 contract is trading at Rs 29,810 per 10 grams, up by 0.54 per cent, after opening at Rs 29800, against a previous close of Rs 29651. It touched the intra-day high of Rs 29840 (at 12:23 hours).
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Lead futures fall on diminishing demand
13/10/2016 12:20
Lead futures were trading lower during the noon trade in the domestic market on Thursday as participants cut down their bets in the industrial metal due to muted physical demand for lead, from battery-makers, in the domestic spot market.
Further, a fall in demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade. At the MCX, lead futures for October 2016 contract is trading at Rs 134.25 per kg, down by 0.63 per cent, after opening at Rs 135.70, against a previous close of Rs 135.10. It touched the intra-day low of Rs 134.15 (at 12:16 hours).
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Oil lower on US supply rise
13/10/2016 12:13
Crude oil futures fell during late morning trade in the domestic market on Thursday as investors and speculators exit positions in the energy commodity after US crude storage levels rose significantly last week, worsening fears of a global supply glut.
The industry-funded American Petroleum Institute (API) said on Wednesday that US crude oil supplies climbed by 2.7 million barrels in the week ended October 7, 2016. Analysts were expecting crude oil inventories in the US to increase by 250,000 barrels last week. The EIA will release separate US crude inventory data on Thursday.
Doubts are emerging over the OPEC’s plan to slash output by 200,000 to 700,000 barrels a day reached late September as Russia remains non-committal over a production cut.
At the MCX, crude oil futures for October 2016 contract is trading at Rs 3331 per barrel, down by 0.60 per cent, after opening at Rs 3331, against a previous close of Rs 3386. It touched the intra-day low of Rs 3322. (At 11:58 AM).
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Join Our Whatsapp No : 9841986753
Keep Refresh for Fresh Tips
Cardamom remains buoyant in noon trade
13/10/2016 13:07
Cardamom futures jumped by more than 1.5 per cent during noon trade in the domestic market on Thursday as investors and speculators booked fresh positions in the agri-commodity amid a pickup in physical demand for cardamom in the domestic spot market.
Further, restricted supplies amid lower physical arrivals from the major cardamom producing regions also exerted upward pressure on domestic cardamom prices.
At the MCX, cardamom futures for October 2016 contract is trading at Rs 1176 per kg, up by 1.51 per cent, after opening at Rs 1170, against a previous close of Rs 1158.50. It touched the intra-day high of Rs 1190.1 (at 10:23 hours).
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Join Our Whatsapp No : 9841986753
Upbeat physical demand buoys Mentha Oil
13/10/2016 13:05
Mentha oil futures rose during noon trade in the domestic market on Thursday as investors and speculators booked fresh positions in the agri-commodity amid a pickup in physical demand for mentha oil in the domestic spot market.
Further, restricted supplies amid lower physical arrivals from the major mentha oil producing regions also exerted upward pressure on domestic mentha oil prices.
At the MCX, mentha oil futures for October 2016 contract were trading at Rs 878 per kg, up by 0.97 per cent after opening at Rs 870.10, against the previous closing price of Rs 869.60. It touched the intra-day high of Rs 879.5 (at 12:55 PM).
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Join Our Whatsapp No : 9841986753
Yellow metal shines on positive overseas cues
13/10/2016 12:34
Gold futures were trading higher during the noon trade in the domestic market on Thursday as investors and speculators widened their positions in the precious metal on firm trend in global markets.
Analysts attributed the recovery in gold prices to increased buying by participants amid positive global cues, supported the upmove.
At the MCX, gold futures for December 2016 contract is trading at Rs 29,810 per 10 grams, up by 0.54 per cent, after opening at Rs 29800, against a previous close of Rs 29651. It touched the intra-day high of Rs 29840 (at 12:23 hours).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Lead futures fall on diminishing demand
13/10/2016 12:20
Lead futures were trading lower during the noon trade in the domestic market on Thursday as participants cut down their bets in the industrial metal due to muted physical demand for lead, from battery-makers, in the domestic spot market.
Further, a fall in demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade. At the MCX, lead futures for October 2016 contract is trading at Rs 134.25 per kg, down by 0.63 per cent, after opening at Rs 135.70, against a previous close of Rs 135.10. It touched the intra-day low of Rs 134.15 (at 12:16 hours).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Oil lower on US supply rise
13/10/2016 12:13
Crude oil futures fell during late morning trade in the domestic market on Thursday as investors and speculators exit positions in the energy commodity after US crude storage levels rose significantly last week, worsening fears of a global supply glut.
The industry-funded American Petroleum Institute (API) said on Wednesday that US crude oil supplies climbed by 2.7 million barrels in the week ended October 7, 2016. Analysts were expecting crude oil inventories in the US to increase by 250,000 barrels last week. The EIA will release separate US crude inventory data on Thursday.
Doubts are emerging over the OPEC’s plan to slash output by 200,000 to 700,000 barrels a day reached late September as Russia remains non-committal over a production cut.
At the MCX, crude oil futures for October 2016 contract is trading at Rs 3331 per barrel, down by 0.60 per cent, after opening at Rs 3331, against a previous close of Rs 3386. It touched the intra-day low of Rs 3322. (At 11:58 AM).
