Currently, Domestic commodities markets are trading with negative note. Most of the indices are showing downward trend on Multi Commodity Exchange (MCX) except MCXENERGY. At MCX futures, MCXCOMDEX is trading at 3,518.47 (down by 0.02%), MCXMETAL is trading at 4,419.74 (down by 0.04%), MCXAGRI is trading at 2,815.76 (down by 1.09%), and MCXENERGY is trading at 3,320.40 (up by 0.47%). (At 11:25 AM today).
At NCDEX, the Dhaanya, an agri commodity index, is currently trading at 1,113.52, down by 0.99% (At 11:23 AM today).
On the domestic front, Cardamom futures are trading with positive note on the back of pick-up in spot demand. March future surged by Rs. 33.8, or 3.00%, to Rs. 1,159.60 per kg on the Multi Commodity Exchange (MCX) as speculators enlarged their long positions at the existing lower price to meet marriage season demand. Moreover, restricted arrivals from major producing areas also kept the prices in positive zone.
At Multi Commodity Exchange (MCX), cardamom future for March contract is trading at Rs. 1,159.60 per kg, up by 3.00%, after opening at Rs. 1,149.00 against the previous close price of Rs. 1,125.80. It touched an intra-day high of Rs. 1,159.60 till the trading. (At 11:21 AM today).
The top gainers at MCX are Cardamom for March contract (3.00%), Cardamom for April contract (3.00%), Cardamom for May contract (3.00%), Cardamom for June contract (2.90%) and Refined soya oil for May contract (0.95%). (At 11:20 AM today).
The top losers at MCX are Potato TRWR for March contract (-3.88%), Potato TRWR for May contract (-2.69%), CPO for May contract (-2.56%), CPO for April contract (-2.38%) and Potato TRWR for May contract (-2.19%). (At 11:19 AM today).
The top gainers at NCDEX are Potato for September contract (2.6%), Castor seed for March contract (2.00%), Castor seed for April contract (1.8%), Coriander for April contract (1.8%) and Coriander for March contract (1.5%). (At 11:17 AM today).
The top losers at NCDEX are Guar Gum for March contract (-3.00%), Guar Gum for April contract (-3.00%), Guar Gum for May contract (-3.00%), Guar seed for March contract (-3.00%) and Guar seed for April contract (-3.00%). (At 11:15 AM today).
Mentha oil futures continued to decline in the domestic market due to profits booking by the speculators at existing price level. March contract declined by Rs. 14.8, or 1.30%, to Rs. 1,115.00 per kg on Multi Commodity Exchange (MCX) today. Moreover, sluggish demand in the spot market also kept the prices in the negative zone.
At Multi Commodity Exchange (MCX), mentha oil future for March contract is trading at Rs. 1,119.70 per kg, down by 0.89%, after opening at Rs. 1,115.00 against the previous close price of Rs. 1,129.80. It touched the intra-day low of Rs. 1,115.00 till the trading. (At 11:13 AM today).
Copper for April contract, at MCX, is trading at Rs. 419.55 per kg (down by 0.56%) after opening at Rs. 421.35 against the previous close price of Rs. 421.90 with intra-day low of Rs. 419.30 till the trading. (At 11:12 AM today).
At Multi Commodity Exchange (MCX), natural gas future for March contract is trading at Rs. 177.50 per mmBtu, up by 0.34%, after opening at Rs. 177.50 against the previous close price of Rs. 176.90 per mmBtu. It touched the intra-day high of Rs. 177.70 till the trading. (At 11:11 AM today).
On the international front, The Energy Information Administration (EIA) reported yesterday that U.S. crude stockpiles surged 2.52 million barrels to 348.9 million last week. The impact of rising stockpiles on crude oil prices limited after Libyan leader Muammar Qaddafi stepped attacks on rebel forces, boosting speculation that the turmoil will sustain.
At Multi Commodity Exchange (MCX), crude oil future for March contract is trading at Rs. 4,731.00 per barrel, up by 0.28%, after opening at Rs. 4,725.00 against the previous close price of Rs. 4,718.00. It touched the intra-day high of Rs. 4,740.00 till the trading. (At 11:10 AM today).
Crude oil for April future, at NYMEX, is trading at $104.74 per barrel, up by 36 cents, after opening at $104.45 against the previous close price of $104.38. It touched the intra-day high of $104.97 with a business volume of 7,195 lots till the electronic trading. (At 11:08 AM today).
Precious Metals are trading with positive note as mounting political tensions in Libya and rising oil prices boosted the demand for precious metals as a wealth of protection and an inflation hedge. Crude oil surged as much as 0.9% today after Libyan leader Muammar Qaddafi stepped attacks on rebel forces, boosting speculation that the turmoil will sustain. The concern about rising inflation due to higher crude oil price, traded above $100 per barrel, increased the speculation that China and European Union will tight the monetary policy in order to curb the inflation.
At Multi Commodity Exchange (MCX), gold future for April contract is trading at Rs. 21,062.00 per 10 grams, up by 0.07%, after opening at Rs. 21,065.00 against the previous close price of Rs. 21,047.00. It touched the intra-day high of Rs. 21,086.00 till the trading. (At 11:07 AM today).
At COMEX, gold future for April contract is trading at $1,429.8 per ounce, up by 20 cents, after opening at $1,431.1 against the previous close price of $1,429.6 per ounce. It touched the intra-day high of 1,431.8 with a business volume of 6,603 lots till the electronic trading. (At 11:06 AM today).
At Multi Commodity Exchange (MCX), silver future for May contract is trading at Rs. 54,200.00 per kg, up by 0.44%, after opening at Rs. 54,072.00 against the previous close price of Rs. 53,963.00 per kg. It touched the intra-day high of Rs. 54,245.00 till the trading. (At 11:04 AM today).
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