Mcx Commodity Market News : Morning Session
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Nickel futures climb 3.64% on rising demand
07/11/2016 10:26
Nickel futures were trading higher during the morning trade in the domestic market on Monday as investors and speculators indulged in building up fresh positions in the industrial metal amid an increase in physical demand for nickel from major consuming industries at the domestic spot market. Nickel prices rise on account of widening of positions by traders in the industrial metal amid an uptick in physical demand from alloy-makers at domestic spot markets. At the MCX, nickel futures for November 2016 contract is trading at Rs 723.40 per kg, up by 3.64 per cent, after opening at Rs 702.40, against a previous close of Rs 698. It touched the intra-day high of Rs 724.90 (at 10:26 hours).
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Mentha oil futures down 0.58% on slide in demand
07/11/2016 10:22
Mentha oil futures were trading lower during the morning trade in the domestic market on Monday as participants remained on the sidelines in the agri-commodity amid fall in physical demand for mentha oil from major consuming industries in the domestic spot market. Further, trimming of positions by traders in the spot market was 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 961 per kg, down by 0.58 per cent after opening at Rs 960.20, against the previous closing price of Rs 966.60. It touched the intra-day low of Rs 955.10 (at 10:20 hours).
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Cardamom futures zoom 3% as demand picks up
07/11/2016 10:13
Cardamom futures were trading higher during the morning trade in the domestic market on Monday as investors and speculators build up fresh positions in the agri-commodity amid uptick in physical demand for cardamom in the domestic spot market. 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 1318.50 per kg, up by 3 per cent, after opening at Rs 1299, against a previous close of Rs 1280.10. It touched the intra-day high of Rs 1318.50 (at 10:10 hours).
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Keep Refresh for Fresh Tips
Nickel futures climb 3.64% on rising demand
07/11/2016 10:26
Nickel futures were trading higher during the morning trade in the domestic market on Monday as investors and speculators indulged in building up fresh positions in the industrial metal amid an increase in physical demand for nickel from major consuming industries at the domestic spot market. Nickel prices rise on account of widening of positions by traders in the industrial metal amid an uptick in physical demand from alloy-makers at domestic spot markets. At the MCX, nickel futures for November 2016 contract is trading at Rs 723.40 per kg, up by 3.64 per cent, after opening at Rs 702.40, against a previous close of Rs 698. It touched the intra-day high of Rs 724.90 (at 10:26 hours).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Mentha oil futures down 0.58% on slide in demand
07/11/2016 10:22
Mentha oil futures were trading lower during the morning trade in the domestic market on Monday as participants remained on the sidelines in the agri-commodity amid fall in physical demand for mentha oil from major consuming industries in the domestic spot market. Further, trimming of positions by traders in the spot market was 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 961 per kg, down by 0.58 per cent after opening at Rs 960.20, against the previous closing price of Rs 966.60. It touched the intra-day low of Rs 955.10 (at 10:20 hours).
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Join Our Whatsapp No : 9841986753
Cardamom futures zoom 3% as demand picks up
07/11/2016 10:13
Cardamom futures were trading higher during the morning trade in the domestic market on Monday as investors and speculators build up fresh positions in the agri-commodity amid uptick in physical demand for cardamom in the domestic spot market. 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 1318.50 per kg, up by 3 per cent, after opening at Rs 1299, against a previous close of Rs 1280.10. It touched the intra-day high of Rs 1318.50 (at 10:10 hours).
