Mumbai: The Government anti-inflationary measures such as imposition of inventory limits by the State Governments and possible ban on futures trading in essential commodities continue to affect sentiments of traders in the commodity futures exchanges.
Almost all the agriculture commodities were locked at their lower circuit on Tuesday.
Chana for May delivery on NCDEX fell 3.98 per cent to Rs 2,629 per quintal on panic selling after Government officials conducted raids on traders to check their inventories in Maharashtra and Delhi.
Turmeric was frozen at the lower circuit of 4 per cent at Rs 3,024 per quintal on heavy selling and long liquidation. Guar gum and guarseed dipped 3.73 per cent and 3.71 per cent to Rs 4,438 per quintal and Rs 1,790 per quintal respectively due to weak spot markets and good south-west monsoon forecast.
Maize shed 3.02 per cent to Rs 739 per quintal on unconfirmed news that exports will be banned to rein in high inflation.
Soya gains
Soya oil futures topped the list of gainers as the most active May contract ended the session at Rs 590 per 20 kg, up 2.51 per cent. Strong sentiment in international edible oil market and rally in Crude Oil prices pushed up soy oil futures.
Good demand in the Guntur spot markets pushed up chilli futures 1.94 per ent to Rs 4930 per quintal. Sharp rise in soyameal prices supported soyabean futures to gain 1.78 per cent to Rs 2,200 per quintal. Strong stockists and millers demand saw mustard seed futures rise marginally by 0.87 per cent to Rs 548 per 20 kg.
MCX recorded a turnover of Rs 4,356 crore up to 5 pm, while it was Rs 2,068 crore in NCDEX.
Almost all the agriculture commodities were locked at their lower circuit on Tuesday.
Chana for May delivery on NCDEX fell 3.98 per cent to Rs 2,629 per quintal on panic selling after Government officials conducted raids on traders to check their inventories in Maharashtra and Delhi.
Turmeric was frozen at the lower circuit of 4 per cent at Rs 3,024 per quintal on heavy selling and long liquidation. Guar gum and guarseed dipped 3.73 per cent and 3.71 per cent to Rs 4,438 per quintal and Rs 1,790 per quintal respectively due to weak spot markets and good south-west monsoon forecast.
Maize shed 3.02 per cent to Rs 739 per quintal on unconfirmed news that exports will be banned to rein in high inflation.
Soya gains
Soya oil futures topped the list of gainers as the most active May contract ended the session at Rs 590 per 20 kg, up 2.51 per cent. Strong sentiment in international edible oil market and rally in Crude Oil prices pushed up soy oil futures.
Good demand in the Guntur spot markets pushed up chilli futures 1.94 per ent to Rs 4930 per quintal. Sharp rise in soyameal prices supported soyabean futures to gain 1.78 per cent to Rs 2,200 per quintal. Strong stockists and millers demand saw mustard seed futures rise marginally by 0.87 per cent to Rs 548 per 20 kg.
MCX recorded a turnover of Rs 4,356 crore up to 5 pm, while it was Rs 2,068 crore in NCDEX.
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