SEBI Registration NO.---- INA000001530 Investment in stock and commodity market are subject to market risk. Please do not trade on those tips which are not provided through SMS or messenger.

Commodity Important Updates for 12 Sept 2016

Commodity Notifications

Nickel futures were trading lower during the morning trade in the domestic market on Monday as investors and speculators cut down their bets amid fall in demand from alloy-makers at the domestic spot market.

Mentha oil futures were trading higher during the morning trade in the domestic market on Monday as participants widened their bets in the agri-commodity amid surge in physical demand from major consuming industries for mentha oil in the domestic spot market.

Cardamom futures were trading higher during the morning trade in the domestic market on Monday as investors & speculators build up fresh positions in the agri-commodity amid surge in physical demand for cardamom in the domestic spot market.

Crude oil On Friday as investors & speculators exited positions in the energy commodity due to a surprise drop in US crude inventories.The Energy Information Administration reported a whopping 14.5 million-barrel drop in US crude stocks for the week ended on 2nd September.

Gold futures closed marginally higher in the domestic market on Friday as investors & speculators extended their positions in the precious metal amid uncertainty over the outlook for monetary policies in some of the world’s biggest economies.Further, Boston Federal Reserve Bank of President Eric Rosengren urged policymakers to tighten interest rates as waiting too long may overheat the US economy.

Silver futures closed lower in the domestic market on Friday as investors and speculators exited their positions in the precious metal tracking overseas cues.At the MCX, silver futures for December 2016 contract closed at Rs 46,240 per kg, down by 1.01 %, after opening at Rs 46,719, against a last close of Rs 46,714. It touched the intra-day low of Rs 46,125.

Read More – Commodity Updates

 

2
 
error: Content is protected !!