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Crude oil futures closed lower in the domestic market on Monday as nagging worries about rising domestic production outweighed optimism about prospects for an extended agreement on output cuts by OPEC and other major producers.
Crude had come under fresh pressure last week as U.S. production showed further growth and gasoline supplies surprisingly increased.
At the MCX, crude oil futures for May 2016 contract closed at Rs 3187 per barrel, down by 0.65 per cent, after opening at Rs 3220, against a previous close of Rs 3208. It touched the intra-day low of Rs 3176.
Jeera trading range for the day is 18425-19505.Jeera prices ended with losses on profit booking amid slowdown in buying activities due to higher prices.There are expectations that jeera production in current season may decrease slightly from last year as against earlier expectations of higher crop.NCDEX accredited warehouses jeera stocks dropped by 6 tonnes to 903 tonnes.In Unjha, a key spot market in Gujarat, jeera edged down by -55.85 Rupees to end at 18828.55 Rupees per 100 kg.
Turmeric trading range for the day is 6092-6332.Turmeric settled flat on steady pace of new crop supplies amid higher production restricted the gains. Turmeric farmers and traders have been hit hard by poor sales during peak season.NCDEX accredited warehouses turmeric stocks gained by 79 tonnes to 3496 tonnes.In Nizamabad, a major spot market in AP, the price ended at 5862.5 Rupees gained 2.5 Rupees.
Soyabean trading range for the day is 3020-3084.Soyabean prices dropped tracking weakness in spot demand on increasing arrivals in local mandis.All India soybean arrivals were stood at 125,000-130,000 bags (90 kilogram per bag) as compared to 120,00-125,000 bags.NCDEX accredited warehouses soyabean stocks dropped by 6821 tonnes to 162282 tonnes.At the Indore spot market in top producer MP, soybean gained 14 Rupees to 3121 Rupees per 100 kgs.
Menthaoil trading range for the day is 941.1-961.9.Mentha oil spot at Sambhal closed at 1099.50 per 1kg. Spot prices was down by Rs.-9.00-.Mentha oil prices ended with losses on profit booking and fall in demand in the domestic spot market. Further, ample stocks position on higher supplies from producing regions too influenced mentha oil prices.Stock positions of Mentha in MCX accredited warehouses were around 6443 drums, which is 12 drums less against previous day.
Aluminium trading range for the day is 123.6-126.2.Aluminium gains as support seen from environmental crackdown which has risen to the top of the domestic policy agenda and aluminium smeltersAluminium stocks in LME-registered warehouses fell to their lowest since Nov. 2008.United company RUSAL says Q1 total alumina production declined by 2.6 pct quarter-on-quarter.
Nickel trading range for the day is 589.3-608.1.Nickel remained under pressure on weak stainless steel sector and as more Indonesian NPI production capacity has been brought online. Nickel market is being underestimated and more opportunities could lie in nickel rather than zinc, Royal Nickel Corp president and CEO Mark Selby said.The global market for refined nickel deepened its deficit to 4,400 tonnes in February from a deficit of 1,100 tonnes in January.
Zinc trading range for the day is 164.7-169.1.Zinc ended with small gains as prices struck a note of caution as investors continued to grapple with geopolitical risks amid mixed fundamentals.The chance that Emannuel Macron will win French presidential election increased, with concerns over eurozone political risk down, also supported prices.US March new home sales and April Richmond Feds manufacturing index will be released today.
Copper trading range for the day is 359.5-366.9.Copper gains as centrist candidate Emmanuel Macrons strong performance in the first round of the French presidential election boosted appetiteFreeport-McMoRan Inc warned it would punish workers for absenteeism at its Indonesian unit, a day after one of its main unions announced plans to go on a strike.The global refined copper market had a 51,000 tonne surplus in January, up from a 44,000 tonne surplus in January last year, ICSG said.
Naturalgas trading range for the day is 192.2-205.2.Natural Gas prices dropped as traders monitored shifting weather forecasts to assess the outlook for early-spring demand and supply levels.Weather systems will impact, with showers and cooling combining to drive slightly stronger than normal demand.Prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting forecasts on early-spring demand.
Crudeoil trading range for the day is 3133-3275.Crude oil dropped on lack of confirmation that OPEC will extend output cuts, while Russia indicated it can lift output.Russian output could climb to its highest rate in 30 years if producers do not extend a 6-month supply reduction deal beyond June 30.Sentiments remain weak on signs that rising US shale production offset efforts by OPEC to cut output by almost 1.8mbpd in the first half of the year.
Silver trading range for the day is 40650-41430.Silver opened with gap down as investors pulled out of safe-haven assets after pro-European candidate Emmanuel Macron won the first round.Silver dropped after polls indicated Mr Macron would emerge victorious against anti-EU candidate Marine Le Pen in the run-off vote, scheduled for May 7.Support seen after North Korea said that it was ready to sink a US aircraft carrier, as two Japanese navy ships joined a U.S. carrier group.
Gold trading range for the day is 28824-29404.Gold fell after centrist Macron led the first round of voting in the French presidential election, boosting stocks and triggering a sell-off of safe-haven bullion.Centrist Emmanuel Macron took a big step towards the French presidency on Sunday by winning the first round of voting and qualifying for a May 7 runoff.Holdings of SPDR Gold Trust, the worlds largest gold-backed exchange-traded fund, rose 0.17 percent to 860.17 tonnes on Monday.
Reliance Industries: Consolidated net profit of Reliance IndustriesBSE 1.57 % grew 11.54 per cent to Rs 8,053 crore for the quarter ended March 31, 2017 against Rs 7,220 crore reported for the corresponding quarter last year.
Indiabulls Housing Finance: Mortgage lender Indiabulls Housing Finance reported a 24 per cent increase in net profit for the March quarter on robust growth in individual home loans, and forecast better days as Prime Minister’s affordable housing push with interest rate subvention has made cost of borrowing insignificant.
Biocon: Biocon said that the company’s board of directors will consider issue of bonus shares at its meeting scheduled on Thursday, April 27m 2017.
Bharti Airtel: Bharti AirtelBSE 1.15 % plans to soon enter the home automation or smart home segment with its Internet of Things (IoT) and machine-to-machine solutions in a move aimed at expanding its revenue base, allowing users to control elements such as lighting, heating, air conditioning, music and security systems through smartphones.
PPharma companies: Honchos of India’s leading drug companies met on Monday evening in Ahmedabad to take stock of a recent diktat by the health ministry on prescription of medicines by their generic name. Sun Pharmaceutical IndustriesBSE 0.04 % managing director Dilip Shanghvi and Pankaj Patel of Zydus Cadila were among those who gathered in the Gujarat city to discuss the matter, ET has learnt.
Reliance Communications: The shareholders of Anil Ambani-owned Reliance Communications and Aircel approved the merger of the mobile businesses of their companies, which will create India’s fourth-largest telecom operator by revenue and subscribers.
HCL Technologies: The IT company has agreed to acquire Urban Fulfillment Services, a provider of mortgage business process & fulfilment services, in a $30 million deal that is expected to bolster the software firm’s capability in the area of BPO and debt servicing.
JM Financial: The company on Monday announced that the board of directors of JM FinancialBSE 1.38 % Asset Management, a subsidiary of JM Financial, at its meeting held on April 24, 2017, has approved the buy-back of up to 10 per cent of the outstanding equity capital subject to the necessary approvals as may be required.
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Foreign investment limit in Ujjivan Fin comes down to 47%
Bull’s Eye: Buy Bajaj Auto, Tata Comm, Bharat Forge, MMTC, CESC
Jaitley says 7-8 pc growth ‘absolute normal’ for India
ADB buys 3.95% in micro-lender Satin Creditcare for Rs 64 cr
Govt aims to end APMC monopoly with new model agri-mkt law
India Inc overseas borrowing rises 11.6% to $1.69 bn in Mar
PPG raises offer for Akzo Nobel to $29 billion
SBI announces special 35 basis points discount rate for construction finance
Market Closing: Equity benchmarks rallied sharply on first day of the week as the Sensex gained 290.54 points or 0.99 percent at 29655.84, supported by HDFC Bank, HDFC, Reliance Industries and L&T.
The Nifty closed above psychological 9,200-mark for the first time since April 12, up 98.55 points or 1.08 percent at 9,217.95.
ACC was the biggest gainer among Nifty stocks, up 7.5 percent followed by UltraTech Cement, Grasim, GAIL, Ambuja Cements, Axis Bank, HDFC Bank, L&T and Maruti Suzuki.
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Gold trading range for the day is 29139-29587.Gold prices rose as investors awaited the first-round of voting in the presidential French election at the weekend and possible announcements about tax changes in US. There was potential for safe-haven buying of gold after France said security forces were fully mobilized for the weekend vote.SPDR gold trust holdings gained by 0.52% i.e. 4.44 tonnes to 858.69 tonnes from 854.25 tonnes. C
Silver trading range for the day is 40913-41663.Silver dropped as investors kept an eye on the upcoming French presidential vote that is seen as too close to call. Bullish expectations concerning Trumps tax reform plan, which is viewed as a pro-growth policy, had fuelled the recent post-election Trump rally.Holdings at ishares silver trust dropped by 0.29% i.e. 29.45 tonnes to 10119.87 tonnes from 10149.32 tonnes.
Jeera trading range for the day is 18775-19575.Jeera prices ended with losses tracking weakness in spot demand on profit booking. However downside seen limited amid lower production estimates by Gujarat Agriculture Department in its 3rd advance estimates for 201617.NCDEX accredited warehouses jeera stocks gained by 15 tonnes to 909 tonnes.In Unjha, a key spot market in Gujarat, jeera edged down by -137.5 Rupees to end at 18884.4 Rupees per 100 kg.
Turmeric trading range for the day is 6022-6474.Turmeric prices gained on lower arrivals and steady increase in demand at lower levels. At Nizamabad market arrivals were reported at 15000 quintals, lower by 3000 quintals as against previous day.NCDEX accredited warehouses turmeric stocks gained by 209 tonnes to 3417 tonnes.In Nizamabad, a major spot market in AP, the price ended at 5860 Rupees gained 60 Rupees.
Soyabean trading range for the day is 3021-3087.Soyabean prices gained on account of diminishing supplies in the domestic market. Soybean arrivals in local mandis are expected to gather pace after May 20. NCDEX accredited warehouses soyabean stocks dropped by 1677 tonnes to 169103 tonnes.At the Indore spot market in top producer MP, soybean gained 18 Rupees to 3107 Rupees per 100 kgs.
Menthaoil trading range for the day is 939.5-958.3.Mentha oil spot at Sambhal closed at 1108.50 per 1kg. Spot prices was up by Rs.5.00-.Mentha oil prices gained amid rise in demand in the domestic spot market.Further, tight stocks position on restricted supplies from producing regions, too supported mentha oil prices.India exported 21,150 metric tonnes of mentha and allied products, valued at Rs 2,577.59 crore in FY16.
Aluminium trading range for the day is 123.4-127.Aluminium dropped on profit booking tracking LME prices fell 0.5 percent amid rise in Shanghai stocks.LME holdings are sitting at just 1.7 million tons and inventories in Shanghai, meanwhile, are at their highest in about a year.Market needs to closely watch the implementation of crackdowns on illegal aluminium projects.
Nickel trading range for the day is 595.5-621.1.Nickel dropped on profit booking tracking weakness in LME prices dropped by 1.5 percent to $9,345 as a smaller discount indicates tighter supply.Worlds nickel market was in deficit of 20,000 tonnes during the first two months of 2017, according to latest data from WBMS.The discount of LME cash nickel to the three-month contract shrank to $50 a tonne from $67.50 late last month, the largest since January 2015.
Zinc trading range for the day is 163.5-172.5.Zinc dropped tracking LME prices closed 1.8 percent lower at $2,584 as recent price gains have spurred miners around the world to increase output.WBMS data show global zinc market was in 177,000 tonnes of deficit during January and February 2017, compared to 258,000 tonnes of deficit in 2016.Expected shortages of zinc, may not materialize this year because recent price gains have spurred miners around the world to increase output.
Copper trading range for the day is 357.9-368.5.Copper dropped as worries over political instability and global demand prompted investors to cut bets on higher prices.Chinas refined copper output rose 8.5 percent in March from a year ago to 764,000 tonnes, its highest since at least December 2015.The International Copper Study Group said the global world refined copper market showed a 51,000-tonne surplus in January.
Naturalgas trading range for the day is 195.9-208.5.Natural gas prices ended with losses as momentum-based traders pile on to a recent losing skid tied to a weak time of year for demand. A late-winter rally has been followed up by a steady retreat throughout April, a time of year when temperate weather often lowers demand for the heating fuel.The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. rose by 54 billion cubic feet.
Crudeoil trading range for the day is 3127-3345.Crude oil prices dropped on renewed concerns that increasing U.S. production and high inventories will thwart OPECs attempts to reduce the global crude glut. Prices seen pressure as doubts emerged over the effect of the OPECnon-OPEC production cut by almost 1.8 million barrels per day (bpd) during the first half of the year.Saudi Arabia and Kuwait, favour extending their production-limiting deal with non-member producers into the second half of the year.
Reliance Industries: Oil-to-telecom conglomerate Reliance IndustriesBSE 0.95 % will announce its financial results for the quarter ended March 31, 2017 on Monday.
UltraTech BSE 2.91 % Cement: The company will also announce its results for the quarter ended March 31, 2017 later in the day. For the previous quarter ended December 31, 2016, UltraTech Cement reported 6.71 per cent year-on-year fall in net profit at Rs 563.42 crore against Rs 527.97 crore in the same quarter last year.
L&T Finance: The company has finalised plans to sell its mutual fund business. The financial services firm of engineering-to-software conglomerate Larsen & Toubro, which had initially planned to sell a minority stake in L&T Mutual Fund, is now scouting for buyers to take over the asset management company, said two people familiar with the development.
Ballarpur Industries: Gautam Thapar-controlled Ballarpur IndustriesBSE 0.51 % (BILT) is in talks with Chinese giant Nine Dragons Paper Group to sell its Malaysian forest arm, Sabah Forest Industries, in a $350million deal, said three people with direct knowledge of the matter. Reviving efforts to divest what was once a crown jewel is yet another attempt by the company to deleverage the BILT balance sheet.
Mahindra Lifespace BSE -1.29 % Developers: Realty firm Mahindra Lifespace DevelopersBSE -1.29 % reported a 64 per cent decline in its consolidated net profit at Rs 17.4 crore for the quarter ended March on higher expenses. Its net profit stood at Rs 48.51 crore in the year-ago period, the company said in a filing to the BSE.
ACC: Cement and ready mixed concrete producer ACCBSE 4.23 % on Friday reported a decline of 9.05 per cent in its consolidated net profit for the first quarter (Q1) of 2017. The company’s consolidated net profit decreased to Rs 211 crore from Rs 232 crore reported during the first quarter of last year.
Dalmia Bharat: Global private equity giant KKR on Friday sold 5.6 per cent stake in Dalmia Bharat for an estimated Rs 575 crore through an open market transaction. The shares were purchased by a host of entities, including Kuwait Investment Authority, Birla Mutual Fund and Franklin Templeton Investment Funds.
Gujarat Hotels: Net profit of Gujarat Hotels rose 62.50 per cent to Rs 1.43 crore in the quarter ended March 2017 as against Rs 0.88 crore during the previous quarter ended March 2016. Sales declined 2.22 per cent to Rs 0.88 crore in the quarter ended March 2017 as against Rs 0.90 crore during the previous quarter ended March 2016.
Capital First: Mumbai-based non-banking finance company Capital First is looking to raise $50 million from International Finance Corporation in five-year non-convertible debentures.
IDFC Bank: In one of the largest office leasing transactions so far this year, IDFC Bank has picked up an entire office building spread over 1.80 lakh sq ft on lease in K Raheja Corp’s mixed-use development Mindspace in Navi Mumbai’s Juinagar locality , said two persons familiar with the development.
TCS: Tata Consultancy ServicesBSE -0.05 % (TCS) recruited over 11,500 people outside India during 2016-17, including graduates from engineering and B-schools in the US, as it ramps up local hiring in offshore markets to tackle visa related challenges.
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US accuses TCS, Infosys of violating H-1B visa norms
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New policy on steel after Cabinet nod, says steel minister Chaudhary Birender Singh
NSE to delist Deccan Chronicle, Koutons Retail, 17 others
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Markets regulator Sebi has decided to make daily cause list public about enforcement action taken against entities for violation of securities laws.
The regulator said that details of quasi-judicial hearings conducted under the securities laws by Adjudicating Officers, Designated Authorities and Whole-Time Members
of Sebi, will be uploaded on the website to enable all stakeholders to be aware of different stages of pending proceedings.
In order to make entities aware of the details of quasi- judicial hearings, it has decided to publish a daily “cause- list” on its website, the regulator said in a
Earlier this week, the Securities and Exchange Board of India (Sebi) launched its revamped website having several user-friendly features and compatible with all
desktop and mobile devices.
Jeera trading range for the day is 19075-19735. Jeera dropped on late profit booking after prices seen supported amid rising domestic and export demand. As per third advance estimates for 201617, production of Jeera in Gujarat revised down to 2.12 lt, down 4% from its 2nd estimates. NCDEX accredited warehouses jeera stocks gained by 21 tonnes to 894 tonnes. In Unjha, a key spot market in Gujarat, jeera edged down by -60.25 Rupees to end at 19021.9 Rupees per 100 kg.
Turmeric trading range for the day is 6054-6210. Turmeric prices ended with gains as support seen due to rising exports demand at the spot market. At Nizamabad market arrivals were reported at 15000 quintals, lower by 3000 quintals as against previous day. NCDEX accredited warehouses turmeric stocks dropped by 318 tonnes to 3208 tonnes. In Nizamabad, a major spot market in AP, the price ended at 5800 Rupees dropped -50 Rupees.
Soyabean trading range for the day is 2966-3100. Soyabean prices gained as supplies are diminishing but the demand for crushing is intact due to encouraging soy meal exports. As per data, arrivals of soybean during Apr 1-15 are 120,423 while during in Mar it was about 1,64,286 tonnes during same time frame. NCDEX accredited warehouses soyabean stocks dropped by 664 tonnes to 170780 tonnes. At the Indore spot market in top producer MP, soybean gained 3 Rupees to 3089 Rupees per 100 kgs.
Menthaoil trading range for the day is 935.6-956.4. Mentha oil spot at Sambhal closed at 1103.50 per 1kg. Spot prices was up by Rs.8.50-. Mentha oil prices gained on short covering amid rise in demand in the domestic spot market. Further, tight stocks position on restricted supplies from producing regions, too supported mentha oil prices. India exported 21,150 metric tonnes of mentha and allied products, valued at Rs 2,577.59 crore in FY16.
Aluminium trading range for the day is 121.7-127.7. Aluminium gains tracking LME prices climbed 2.1%, biggest daily price gain since November, despite news that output in China rose to 2.707 million tonnes in March. The metal is the biggest LME gainer this year with a rise of 15 percent, as high prices and optimism about demand are encouraging additional supply. Total aluminium production in top producer China in March rose to 2.707 million tonnes last month from 2.534 million in February, IAI data showed.
Nickel trading range for the day is 596.4-625.2. Nickel prices gains tracking rise in LME prices reflecting a lack of immediately available supply. The global market for refined nickel deepened its deficit to 4,400 tonnes in February from a deficit of 1,100 tonnes in January. Nickel daily stocks at Shanghai exchange came up by 60 tonnes.
Zinc trading range for the day is 159.7-175.3. Zinc gained as the biggest gainer among other base metals on the back of robust gains in overnight London trading and buoyant equity markets. The most-traded zinc contract on the Shanghai Futures Exchange climbed more than 3 percent to 21,915 yuan ($3,184) a tonne. Zinc daily stocks at Shanghai exchange came down by 3781 tonnes.
Copper trading range for the day is 355.2-369.2. Copper prices gained as investors, speculators and consumers resumed buying after recent losses, expecting increased seasonal demand. Prices also seen by news that Indonesian workers at U.S. mining giant Freeport McMoran Inc will stage a month-long protest against layoffs starting May 1. Rio Tinto cut its copper guidance to 500,000-550,000 tonnes from as much as 665,000 tonnes as a result of a strike at the Escondida mine in Chile.
Naturalgas trading range for the day is 199.7-209.7. Natural gas prices have experienced a volatile week while settled down yesterday at 203.40 after government data. EIA said in its weekly report that natural gas storage in the U.S. rose by 54 billion cubic feet in the week ended April 14. Colder weather system will track over the southern and eastern U.S. from Friday through next Wednesday to bring an increase in demand.
Crudeoil trading range for the day is 3257-3353. Crude dropped but held the psychologically important $50 mark while concerns over rising US oil production seen. OPEC members Saudi and Kuwait signaled that the OPEC, including Russia, would likely extend their oil output cut beyond June. US crude oil production rose to 9.25mbpd, up almost 10% since mid-2016. US inventories of 532mbls remained near all-time records reached in March.
Silver trading range for the day is 40785-42335. Silver prices edged lower amid fading demand despite jitters ahead of the French presidential election and ongoing geopolitical tensions over North Korea. Polls ahead of the French vote, which begins this weekend, give both far-right and far-left candidates a chance of making it into next months run-off. The Labor Department said initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 244,000 for the week ended April 15.
Gold trading range for the day is 29141-29419. Gold held steady with tensions surrounding upcoming French elections on Sunday underpinning the safe-haven demand. Feds Kaplan said that two more interest rate hikes this year remains possible but that the U.S. central bank has the flexibility to wait and see how the economy unfolds. New applications for U.S. jobless benefits rose slightly more than expected last week, but a drop in the number of Americans on unemployment rolls to a 17-year low.
MindTree: The company on Thursday reported 5.72 per cent quarter-on-quarter (QoQ) fall in consolidated net profit figures at Rs 97.20 crore for the quarter ended March 31, 2017. It had posted a net profit of Rs 103.10 crore in the same quarter last year.
Diamond PowerBSE -4.23 % and Infrastructure: Diamond Power on Thursday reported widening of its consolidated net loss to Rs 316.83 crore for the March quarter. The loss was higher than the Rs 203.85 crore the company had posted in the January-March period of the previous financial year, 2015-16.
Earnings today: ACCBSE 0.04 %, HDFC BankBSE 0.36 % and Tata MetaliksBSE 0.31 % will announce their results for the quarter ended March 31, 2017 on Friday.
Wipro: WiproBSE 0.30 % is trimming its workforce by 600 employees after a rigorous appraisal process as India’s information technology industry sector grapples with slowing growth and mounting visa costs amid immigration curbs in the US.
Max Financial Services: Goldman Sachs will sell shares worth up to $123 million in Max Financial Services Ltd on Friday, according to a deal term sheet seen by Reuters.
ICICI Bank: Warburg Pincus is the frontrunner to acquire a minority stake in insurer ICICI Lombard General Insurance Co. from Prem Watsa’s Fairfax Financial Holdings, according to reports. ICICI Lombard is a joint venture formed in 2001 between ICICI Bank and Fairfax.
PVR: Multiplex operator PVR said that it has sacked its Chief Business Development Officer Vijay Kapoor on disciplinary grounds. The company has asked Kamal Gianchandani, Chief Business Planning & Strategy, to take over Kapoor’s responsibilities immediately.
Nalco: State-run National Aluminium CompanyBSE -1.25 % (Nalco) offer for sale (OFS), got overwhelming response from investors with the retail portion subscribed 3.17 times on the second and last day of the offer on Thursday, the government announced.
Bajaj Finance: The company on Thursday said it has raised over Rs 500 crore by issuing bonds on private placement basis.
Bharti Infratel: Credit Suisse maintained ‘Outperfrom’ rating on Bharti Infratel and raised target price to Rs 400 from Rs 335 earlier.
Infosys: Rajiv Bansal, former CFO of InfosysBSE 0.04 %, has dragged his former employer to arbitration to claim the remaining Rs 12 crore of his severance pay.
Coal India: Coal IndiaBSE -0.37 % expects to invite bids for long-term coal supplies to the power sector in the next few weeks as the government is close to finalising the policy for such auctions.
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Market at Close : The Sensex was up 85.82 points at 29422.39, while the Nifty was up 32.90 points at 9136.40. Benchmark indices ended the day on a positive note, along with a rally in midcaps.
The Sensex was up 85.82 points at 29422.39, while the Nifty was up 32.90 points at 9136.40. The market breadth was positive, but narrow, as 1,813 shares advanced against a decline of 1,054 shares, while 174 shares were unchanged.
GAIL, Adani Ports, Grasim Industries and Bank of Baroda were top gainers on both the indices, while ICICI Bank, Axis Bank and Yes Bank were the top losers.
The Bank Nifty closed lower by 0.30 percent at 21,491.
ALUMINIUM = ( -11125 )
COPPER = ( 975 )
LEAD = ( -500 )
NICKEL = (786 )
ZINC = (-1075 )
Cardamom futures were trading lower during morning trade in the domestic market on Thursday as investors and speculators exited their positions in the agri-commodity amid subdued physical demand for cardamom in the domestic spot market. Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, influenced the downtrend in the domestic cardamom prices.
At the MCX, cardamom futures for May 2017 contract is trading at Rs 1170.50 per kg, down by 0.70 per cent, after opening at Rs 1166.10, against a previous close of Rs 1178.80. It touched the intra-day low of Rs 1160.20