Thursday, December 8, 2016

Cardamom futures rise by 1.24% today

Agro-Commodity: Cardamom futures rose over 1 per cent during morning trade in the domestic market on Thursday as investors & speculators build up new positions in the agri-commodity among pick up in physical demand for cardamom in the domestic spot market. 

At the MCX, for December 2016 contract cardamom futures is trading at Rs 1254 per kg, up by 1.24 per cent, after opening at Rs 1254, against last close of Rs 1238.70. It touched the intra-day higher of Rs 1254.
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Wednesday, December 7, 2016

Base Metal: lead futures down by 0.35%

Lead futures drop during morning trade in the domestic market on Wednesday as investors & speculators exited their positions in the industrial metal among drop in physical demand for lead, from battery-makers, in the domestic spot market.

Moreover, a down trend in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade.

At the MCX, for December 2016 contract lead futures is trading at Rs 158.35 per kg, downward by 0.35 per cent, after opening at Rs 158.25, against a last close of Rs 158.90. It touched the intra-day lower of Rs 158.05.
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Tuesday, December 6, 2016

Base Metal: lead futures down by 0.67% in moring


Lead futures drop during morning trade in the domestic market on Tuesday as investors & speculators exited their positions in the industrial metal amid drop in physical demand for lead, from battery-makers, in the domestic spot market.

Moreover, a down trend in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade.

At the MCX, for December 2016 contract lead futures is trading at Rs 156.40 per kg, down by 0.67 per cent, after opening at Rs 156.85, against a last close of Rs 157.45. It touched the intra-day lower of Rs 156.05.

Read More - Lead Updates
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Monday, December 5, 2016

Demonetisation shock : Oil demand growth in India will slowdown

Oil demand growth in the world's rapidly-growing crude market may weaken as the government's cash crackdown slows the economy. 

Diesel and gasoline use, which account for more than half of India's oil demand, will slow or contract this month and perhaps early next year, as per reports. Expansion in the world's fastest-growing major economy is universally expected to ease temporarily after Prime Minister Modi last month withdrew high-value currency notes in a country where almost all consumer payments are in cash. 

Diesel consumption could drop as much as 12 % and gasoline demand as much as 7 % his month, according to reports.
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