subject: Today Indian Stock Market is volatile.It may be not more good for all [print this page] Today Indian Stock Market is volatile.It may be not more good for all
At NCDEX, the Dhaanya, an agri commodity benchmark index, was closed at 1,101.24 down by 1.2%.
Indias iron ore exports are likely to decline by 50% this month, due to lower demand from China, the biggest buyer, and discouraging declining sentiments by the domestic mining companies.
Yesterday at the MCX, the market breadth was positive with 55 commodities advanced and 18 commodities declined. Similarly at NCDEX the market breadth was positive note with 128 commodities advanced and 68 commodities declined.
The top gainers at MCX were Potato for May contract (4.00%), IronOre for May contract (3.81%), Potato for June contract (3.56%), Potato TRWR forMay contract (3.01%) and Potato TRWR for April contract (2.60%).
Similarly the top losers at MCX were Platinum for June contract (-3.83%), Copper for April contract (-2.25%), Nickel for March contract (-2.18%), Nickel for April contract (-2.08%) and Copper for June contract (-2.04%).
Moreover, the gainers at NCDEX were Potato for June contract (3.4%), Coriander for May contract (3.1%), Potato for July contract (3.0%), Coriander for April contract (2.9%), Potato for May contract (2.7%).
The top losers at NCDEX were Guar seed for April contract (-4.0%), Guar seed for May contract (-4.0%), Guar seed for June contract (-3.7%), Guar Gum for May contract (-3.5%) and Huar Gum for April contract (-3.2%).
Yesterday at MCX, the top traded commodities in terms of quantity were Silver M for April contract with 111,547 lots, Copper for April contract with 101,329 lots, Crude Oil for April contract with 101,094 lots, Silver for May contract with 77,069 lots, Silver MIC for April contract with 64,680 lots and Nickel for March contract with 34,274 lots.
On the domestic arena, at MCX Crude Oil for September contract closed at INR 4,934.00. It touched a high of INR 4,940.00 and a low of INR 4,930.00 after opening at INR 4,931.00. Crude Oil for August contract closed at INR 4,902.00, it touched a high of INR 4,915.00 and a low of INR 4,870.00 after opening at INR 4,908.00.
Gold for October contract closed at INR 21,599.00, it touched a high of INR 21,677.00 and a low of INR 21,549.00 after opening at INR 21,574.00. Gold for August contract closed at INR 21,302.00, it touched a high of INR 21,370.00 and a low of INR 21,200.00 after opening at 21,261.00.
Silver for December contract closed at INR 57,744.00, it
touched a high of INR 58,150.00 and a low of INR 57,410.00 after opening at INR 57,704.00. Silver for September contract closed at INR 56,989.00, it touched a high of INR 57,200.00 and a low of INR 56,487.00 after opening at INR 56,574.00.
Looking at the falling onion prices due to bumper harvest, the agriculture ministry is thinking of lowering of the minimum export price (MEP) to $175 a tonne from the current $225 a tonne.
Sugarcane growers from across the state are planning to stage a massive agitation against the state government for its failure to fulfill some of their demands including introduction of State Advisory Price (SAP) mechanism and payment of sugarcane dues to farmers for the present sugarcane year (2010-11).
