Mcx Commodity Market News : Morning Session : 01.08.2016
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Strong demand lifts nickel futures by 0.77% 01/08/2016 11:41
Nickel futures were trading higher during the morning trade in the domestic market on Monday as participants widened their bets amid an upward trend at domestic market on the back of rise in demand from alloy-makers.
Further, an increase in domestic demand from alloy-makers at the domestic spot markets, fueled the upward trend in nickel prices at the futures trade. At the MCX, nickel futures for August 2016 contract is trading at Rs 718 per kg, up by 0.77 per cent
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Mentha oil futures zoom 0.99% on uptick in demand 01/08/2016 11:02
Mentha oil futures were trading higher during the morning trade in the domestic market on Monday as investors and speculators widened their positions in the agri-commodity amid surge in physical demand from major consuming industries for Mentha oil in the domestic spot market. At the MCX, Mentha oil futures for August 2016 contract were trading at Rs 915.40 per kg, up by 0.99 per cent
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Centre making all efforts to boost steel production: Min 01/08/2016 09:43
Union Minister for Steel Birender Singh has said the Centre is making all efforts boost steel production so that India could become the second largest steel producer in the world.
Commenting on the issue, Union Minister for Steel Birender Singh told the media, "The central government has started taking steps to boost the country's steel production. Rs 62,000 crore will be spent to enhance the production capacity of steel manufacturing plants."
"India is at present the third largest steel producer in the world. The Centre is taking steps so that it can grab the second spot in the next two-three years," he added.
As per reports, the Steel Ministry has set a target of producing 200 million tonnes of steel next year.
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Cardamom futures slide 0.77% on muted demand 01/08/2016 10:57
Cardamom futures were trading lower during the morning trade in the domestic market on Monday as investors cut down their bets in the agri-commodity amid a fall in physical demand for Cardamom in the domestic spot market. Further, sufficient supplies amid higher physical arrivals from the major Cardamom producing belts in the country too exerted downward pressure on domestic Cardamom prices. At the MCX, Cardamom futures for August 2016 contract is trading at Rs 952.30 per kg, down by 0.77 per cent
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Crude oil rebounds on bargain-buying 01/08/2016 08:56
Crude oil futures closed higher in the domestic market on Friday rebounding from bear-market territory as investors went bargain-buying after prices fell to the lowest level in more than three months amid persistent concerns over a supply glut. According to market experts, elevated stocks of fuel products amid slowing global demand growth is expected to keep prices under pressure in the near-term. At the MCX, Crude oil futures for August 2016 contract closed at Rs. 2783 per barrel, up by 0.40 per cent
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Silver up on firm overseas cues 01/08/2016 08:55
Silver futures closed higher in the domestic market on Friday tracking a firm trend in global market.
Analysts attributed the rise in silver prices at the futures trade to a firm trend overseas as dollar’s safe-haven appeal weakened after the US Federal Reserve reiterated a gradual approach to raising interest rates. At the MCX, Silver futures for September 2016 contract closed at Rs 47,435, per 1 kg, up by 0.15 per cent
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Gold rises on weak US economic data 01/08/2016 08:54
Gold futures closed higher in the domestic market on Friday after a report on U.S. economic growth came in weaker than expected, pushing the dollar lower and lifting prices for the precious metal higher to a three-week high. Gold saw further support as many investors believe that the Federal Reserve lacks the confidence to lift rates too abruptly without further signs of strength in the U.S. economy. At the MCX, Gold futures for August 2016 contract closed at Rs 31,530, per 10 gram, up by 1.61 per cent
Free Commodity News ( Call - 9841986753)
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Keep Refresh for Fresh Tips
Strong demand lifts nickel futures by 0.77% 01/08/2016 11:41
Nickel futures were trading higher during the morning trade in the domestic market on Monday as participants widened their bets amid an upward trend at domestic market on the back of rise in demand from alloy-makers.
Further, an increase in domestic demand from alloy-makers at the domestic spot markets, fueled the upward trend in nickel prices at the futures trade. At the MCX, nickel futures for August 2016 contract is trading at Rs 718 per kg, up by 0.77 per cent
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Mentha oil futures zoom 0.99% on uptick in demand 01/08/2016 11:02
Mentha oil futures were trading higher during the morning trade in the domestic market on Monday as investors and speculators widened their positions in the agri-commodity amid surge in physical demand from major consuming industries for Mentha oil in the domestic spot market. At the MCX, Mentha oil futures for August 2016 contract were trading at Rs 915.40 per kg, up by 0.99 per cent
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Centre making all efforts to boost steel production: Min 01/08/2016 09:43
Union Minister for Steel Birender Singh has said the Centre is making all efforts boost steel production so that India could become the second largest steel producer in the world.
Commenting on the issue, Union Minister for Steel Birender Singh told the media, "The central government has started taking steps to boost the country's steel production. Rs 62,000 crore will be spent to enhance the production capacity of steel manufacturing plants."
"India is at present the third largest steel producer in the world. The Centre is taking steps so that it can grab the second spot in the next two-three years," he added.
As per reports, the Steel Ministry has set a target of producing 200 million tonnes of steel next year.
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Cardamom futures slide 0.77% on muted demand 01/08/2016 10:57
Cardamom futures were trading lower during the morning trade in the domestic market on Monday as investors cut down their bets in the agri-commodity amid a fall in physical demand for Cardamom in the domestic spot market. Further, sufficient supplies amid higher physical arrivals from the major Cardamom producing belts in the country too exerted downward pressure on domestic Cardamom prices. At the MCX, Cardamom futures for August 2016 contract is trading at Rs 952.30 per kg, down by 0.77 per cent
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Crude oil rebounds on bargain-buying 01/08/2016 08:56
Crude oil futures closed higher in the domestic market on Friday rebounding from bear-market territory as investors went bargain-buying after prices fell to the lowest level in more than three months amid persistent concerns over a supply glut. According to market experts, elevated stocks of fuel products amid slowing global demand growth is expected to keep prices under pressure in the near-term. At the MCX, Crude oil futures for August 2016 contract closed at Rs. 2783 per barrel, up by 0.40 per cent
********************************************
Silver up on firm overseas cues 01/08/2016 08:55
Silver futures closed higher in the domestic market on Friday tracking a firm trend in global market.
Analysts attributed the rise in silver prices at the futures trade to a firm trend overseas as dollar’s safe-haven appeal weakened after the US Federal Reserve reiterated a gradual approach to raising interest rates. At the MCX, Silver futures for September 2016 contract closed at Rs 47,435, per 1 kg, up by 0.15 per cent
*****************************************
Gold rises on weak US economic data 01/08/2016 08:54
Gold futures closed higher in the domestic market on Friday after a report on U.S. economic growth came in weaker than expected, pushing the dollar lower and lifting prices for the precious metal higher to a three-week high. Gold saw further support as many investors believe that the Federal Reserve lacks the confidence to lift rates too abruptly without further signs of strength in the U.S. economy. At the MCX, Gold futures for August 2016 contract closed at Rs 31,530, per 10 gram, up by 1.61 per cent
