Mcx Commodity Market News : Morning Session
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Uptick in demand lifts nickel futures by 0.59%
03/11/2016 10:49
Nickel futures were trading higher during the morning trade in the domestic market on Thursday as investors and speculators widened their positions in the industrial metal amid uptick in physical demand for nickel from major consuming industries at the domestic spot market. Nickel prices rise on account of building up of fresh positions by traders in the industrial metal amid an increase in physical demand from alloy-makers at domestic spot markets. At the MCX, nickel futures for November 2016 contract is trading at Rs 695 per kg, up by 0.59 per cent, after opening at Rs 694.70, against a previous close of Rs 690.90. It touched the intra-day high of Rs 695.20 (at 10:47 hours).
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Mentha oil futures flat on subdued demand
03/11/2016 10:42
Mentha oil futures were flat during the morning trade in the domestic market on Thursday as participants remained on the sidelines in the agri-commodity amid subdued physical demand for mentha oil from major consuming industries in the domestic spot market. Further, trimming of positions by traders in the spot market due to slide in demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on higher supplies from producing regions, influenced mentha oil prices at futures trade. At the MCX, mentha oil futures for November 2016 contract were trading at Rs 944.40 per kg, down by 0.01 per cent after opening at Rs 944.90, against the previous closing price of Rs 944.50. It touched the intra-day low of Rs 941.50 (at 10:43 hours).
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Muted demand drags down cardamom futures by 0.87%
03/11/2016 10:39
Cardamom futures were trading lower during the morning trade in the domestic market on Thursday as investors and speculators remained on the sidelines in the agri-commodity amid muted physical demand for cardamom in the domestic spot market. Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, too influenced the downtrend in the domestic cardamom prices. At the MCX, cardamom futures for November 2016 contract is trading at Rs 1295 per kg, down by 0.87 per cent, after opening at Rs 1309.90, against a previous close of Rs 1306.30. It touched the intra-day low of Rs 1290 (at 10:38 hours).
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Uptick in demand lifts nickel futures by 0.59%
03/11/2016 10:49
Nickel futures were trading higher during the morning trade in the domestic market on Thursday as investors and speculators widened their positions in the industrial metal amid uptick in physical demand for nickel from major consuming industries at the domestic spot market. Nickel prices rise on account of building up of fresh positions by traders in the industrial metal amid an increase in physical demand from alloy-makers at domestic spot markets. At the MCX, nickel futures for November 2016 contract is trading at Rs 695 per kg, up by 0.59 per cent, after opening at Rs 694.70, against a previous close of Rs 690.90. It touched the intra-day high of Rs 695.20 (at 10:47 hours).
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Join Our Whatsapp No : 9841986753
Mentha oil futures flat on subdued demand
03/11/2016 10:42
Mentha oil futures were flat during the morning trade in the domestic market on Thursday as participants remained on the sidelines in the agri-commodity amid subdued physical demand for mentha oil from major consuming industries in the domestic spot market. Further, trimming of positions by traders in the spot market due to slide in demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on higher supplies from producing regions, influenced mentha oil prices at futures trade. At the MCX, mentha oil futures for November 2016 contract were trading at Rs 944.40 per kg, down by 0.01 per cent after opening at Rs 944.90, against the previous closing price of Rs 944.50. It touched the intra-day low of Rs 941.50 (at 10:43 hours).
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Muted demand drags down cardamom futures by 0.87%
03/11/2016 10:39
Cardamom futures were trading lower during the morning trade in the domestic market on Thursday as investors and speculators remained on the sidelines in the agri-commodity amid muted physical demand for cardamom in the domestic spot market. Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, too influenced the downtrend in the domestic cardamom prices. At the MCX, cardamom futures for November 2016 contract is trading at Rs 1295 per kg, down by 0.87 per cent, after opening at Rs 1309.90, against a previous close of Rs 1306.30. It touched the intra-day low of Rs 1290 (at 10:38 hours).
