At NCDEX, the Dhaanya, an agri commodity benchmark index, was closed at 1,177.44 up by 0.55%.
Yesterday at the MCX, the market breadth was negative with 15 commodities advanced and 52 commodities declined. Similarly, at NCDEX, the market breadth was negative with 41 commodities advanced and 50 commodities declined.
The top gainers at MCX were BR Crude Oil for March contract (5.06%), BR Crude Oil for April contract (3.38%), Crude Oil for August contract (2.79%), Mentha Oil for April contract (1.61%), Mentha Oil for March contract (1.54%), and Mentha Oil for February contract (1.33%).
Similarly, the top losers at MCX were Cardamom for April contract (-4.00%), Cardamom for May contract (-4.00%), Cardamom for March contract (-4.00%), Cardamom for June contract (-4.00%), Lead for February contract (-3.91%), and Lead Mini for February contract (-3.83%).
Moreover, the gainers at NCDEX were Jeera for March contract (3.9%), Jeera for April contract (3.7%), Jeera for May contract (3.4%), Castor Seed for May contract (3.1%) and Guar Gum for June contract (3.0%).
The top losers at NCDEX were Kapas for April contract (-3.3%), Copper Cathode for February contract (-2.6%), Potato for August contract (-2.5%), Copper Cathode for April contract (-2.3%) and Silver for March contract (-2.3%).
Yesterday at MCX, the top traded commodities in terms of quantity were Crude Oil for March contract with 3,17,269 lots, Silver M for February contract with 1,62,122 lots, Silver for March contract with 1,36,872 lots, Copper for February contract with 1,29,501 lots, Nickel for February contract with 54,032 lots, and Silver MIC for April contract with 50,773 lots.
On the domestic arena, at MCX Crude Oil for March contract closed at INR 4314.00, it touched a high of INR 4473.00 and a low of INR 4252.00 after opening at INR 4311.00. Crude Oil for April contract closed at INR 4412.00, it touched a high of INR 4563.00 and a low of INR 4358.00 after opening at INR 4428.00.
Yesterday at the MCX, the market breadth was negative with 15 commodities advanced and 52 commodities declined. Similarly, at NCDEX, the market breadth was negative with 41 commodities advanced and 50 commodities declined.
The top gainers at MCX were BR Crude Oil for March contract (5.06%), BR Crude Oil for April contract (3.38%), Crude Oil for August contract (2.79%), Mentha Oil for April contract (1.61%), Mentha Oil for March contract (1.54%), and Mentha Oil for February contract (1.33%).
Similarly, the top losers at MCX were Cardamom for April contract (-4.00%), Cardamom for May contract (-4.00%), Cardamom for March contract (-4.00%), Cardamom for June contract (-4.00%), Lead for February contract (-3.91%), and Lead Mini for February contract (-3.83%).
Moreover, the gainers at NCDEX were Jeera for March contract (3.9%), Jeera for April contract (3.7%), Jeera for May contract (3.4%), Castor Seed for May contract (3.1%) and Guar Gum for June contract (3.0%).
The top losers at NCDEX were Kapas for April contract (-3.3%), Copper Cathode for February contract (-2.6%), Potato for August contract (-2.5%), Copper Cathode for April contract (-2.3%) and Silver for March contract (-2.3%).
Yesterday at MCX, the top traded commodities in terms of quantity were Crude Oil for March contract with 3,17,269 lots, Silver M for February contract with 1,62,122 lots, Silver for March contract with 1,36,872 lots, Copper for February contract with 1,29,501 lots, Nickel for February contract with 54,032 lots, and Silver MIC for April contract with 50,773 lots.
On the domestic arena, at MCX Crude Oil for March contract closed at INR 4314.00, it touched a high of INR 4473.00 and a low of INR 4252.00 after opening at INR 4311.00. Crude Oil for April contract closed at INR 4412.00, it touched a high of INR 4563.00 and a low of INR 4358.00 after opening at INR 4428.00.
Gold for April contract closed at INR 20787.00, it touched a high of INR 20849.00 and a low of INR 20693.00 after opening at INR 20720.00. Gold for June contract closed at INR 21106.00, it touched a high of INR 21142.00 and a low of INR 20988.00 after opening at 21099.00.
Silver for March contract closed at INR 49220.00, it touched a high of INR 50199.00 and a low of INR 48621.00 after opening at INR 50150.00. Silver for May contract closed at INR 50007.00, it touched a high of INR 50996.00 and a low of INR 49500.00 after opening at INR 50895.00.
Due to heavy stockiest offering coupled with restrained industrial off take following a bearish trend in London Metal Exchange (LME) the Base metals declined. Nickel fell by Rs 10 per kg to Rs 1,400 as against Rs 1,410 previously. Copper scrap heavy and copper armiture declined by Rs 5 per kg each to Rs 461 and Rs 449, respectively from Rs 466 and Rs 454 previously.
On the back of increased demand in the spot market Mentha oil extended its gains for the second day in futures trade as speculators enlarged their positions. At the Multi Commodity Exchange, Mentha oil for delivery in February contract rose by Rs 13.90, or 1.27 per cent, to Rs 1,105.50 per kg, with a business volume of a single lot.
Sugar factories in the nation, despite facing losses, continue with clearing their cane bills keeping the deadlines in mind. As a result of this, they have paced-up their credit limit fixed with the Banks.
Once the limits will end, the cane bills will again start building up for them. Because of the Industry’s poor financial record in the recent past, Banks now have all the reasons to limit the credit facility extended to the companies falling in the group. Sugar MDEL for the March 2011 contract is currently trading at Rs. 2,944 with an increase of 0.14% at the MCX.
On the global front, Russia said it could extend its decision of putting a ban on grain exports that have so far spurred the food prices globally beyond the reserve expiry date of July 01, 2011.
On the global front, Russia said it could extend its decision of putting a ban on grain exports that have so far spurred the food prices globally beyond the reserve expiry date of July 01, 2011.
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