Maize Futures Earn On Short Covering

Mumbai: Maize futures earned 1.68 per cent to Rs 697 per quintal on short-covering on NCDEX on Oct 9. Sentiments in the futures markets improved on active purchasing by poultry and starch extractors in the spot markets. Chana futures were increased 1.68 per cent to Rs 2,365 per quintal as traders expect demand to increase during the forthcoming festival season. Prices in Delhi spot market were increased by Rs 20 per quintal to Rs 2,400 on Oct 9. Cardamom on MCX was up 2.17 per cent to Rs 519 per kg as arrivals slowed down considerably. Rubber and kapas futures gained 1.4 per cent and 0.76 per cent to Rs 9,045 per quintal and Rs 409 per 20 kg. Turmeric futures on NCDEX and potato on MCX were the losers.NCDEX reported a turnover of Rs 1,935 crore on Oct 9, up to 5.45 pm against Rs 1,692 crore. MCX turnover on Oct 9, was Rs 5025 crore against Rs 4,980 crore.