Currently, Domestic commodities markets are trading with positive note. All the indexes at Multi Commodity Exchange (MCX) are showing upward trend. At MCX futures, MCXCOMDEX is trading at 3,567.69 (up by 0.47%), MCXMETAL is trading at 4,515.29 (up by 0.40%), MCXAGRI is trading at 2,909.84 (up by 0.08%), and MCXENERGY is trading at 3,305.79 (up by 0.74%). (At 11:29 AM today).
At NCDEX, the Dhaanya, an agri commodity index, is currently trading at 1,128.24, down by 0.3% (At 11:27 AM today).
On the domestic front, crude oil futures are trading with positive note on the back of persisting unrest in Libya, boosting concern that political tensions will spread to other North Africa and Middle East energy exporters. April future surged as much as $2.51 to $104.42 per barrel in the New York on Friday as Libyan leader Muammar Qaddafi sent troops to recapture towns in the western part of the country and prepared to quash protest in the capital.
Moreover, signs of U.S. economic recovery also boosted the demand outlook for oil in the country, as the Department of Labor showed yesterday that the U.S. unemployment rate declined to 8.9%, the lowest level since April 2009, boosting optimistic view of U.S. economic.
At MCX, crude future for March contract is trading at Rs. 4,736.00, up by 0.81%, after opening at Rs. 4,705.00 against the previous close price of Rs. 4,698.00 per barrel. (At 11:26 AM today).
The top gainers at MCX are Crude oil for July contract (1.54%), Silver for March contract (1.23%), Silver for September contract (1.20%), Potato TRWR for March contract (1.18%) and Silver M for November contract (1.14%). (At 11:24 AM today).
The top losers at MCX are Iron ore for April contract (-2.74%), Iron ore for March contract (-2.03%), Potato for May contract (-1.79%), Cardamom for March contract (-1.71%) and Cardamom for April contract (-1.67%). (At 11:22 AM today).
The top gainers at NCDEX are Silver for May contract (2.7%), Silver for July contract (2.2%), Maize for May contract (1.4%), Maize for April contract (1.2%) and Gold for August contract (1.1%). (At 11:19 AM today).
The top losers at NCDEX are Potato for June contract (-4.0%), Potato for July contract (-3.9%), chilli for June contract (-3.0%), Potato for August contract (-2.6%) and Potato for May contract (-2.4%). (At 11:17 AM today).
Copper futures are trading with positive note on the back of strengthening of global economy that boosted the demand for the metal, mainly used in building and electricity transmission grids.
U.S. service industries expanded in February to 59.7, and manufacturing grew at the fastest pace in almost seven years, according to the reports. The U.S. Department of Labor showed yesterday that U.S. initial jobless claims fell substantial by 23,000 to 368,000 in the week ended February 26, 2011 as compared to previous figure of 391,000. While, U.S. unemployment rate declined to 8.9%, the lowest level since April 2009, boosting optimistic view of U.S. economic.
Since, London Metal Exchange (LME) is close today; all the base metals are trading with little changed at multi Commodity Exchange (MCX) tracking cues from the domestic market.
At MCX, copper future for February contract is trading at Rs. 449.15 per kg, up by 0.19%, after opening at Rs. 448.30 against the previous close price of Rs. 448.30. (At 11:12 AM today).
At MCX, Lead future for March contract is trading at Rs. 118.70 per kg, up by 0.25%, after opening at Rs. 118.40 against the previous close price of Rs. 118.40. (At 11:09 AM today).
At MCX, Zinc future for March contract is trading at Rs. 111.30 per kg, up by 0.31%, after opening at Rs. 111.35 against the previous close price of Rs. 111.65. (At 11:06 AM today).
At MCX, Nickel future for March contract is trading at Rs. 1,301.50 per kg, up by 0.17%, after opening at Rs. 1,300.10 against the previous close price of Rs. 1,299.60. (At 11:00 AM today).
Gold futures climbed in the Indian bullion market on global cues. April future advanced on Friday as much as 0.86% to $1,428.6 per ounce on the COMEX as mounting political tensions in Libya enhanced the investment appeal for the precious metal as a protection of wealth. Turmoil in Libya renewed after opposition leaders in Libya rejected a mediation offer by Venezuelan President Hugo Chavez and prepared to push toward Qaddafi’s stronghold.
Gold for April contract, at MCX, is trading at Rs.21,091.00 per 10 grams, up by 0.18%, after opening at Rs. 21,069.00 against the previous close price of Rs. 21,054.00 with intra-day high of Rs. 21,105.00 till the trading. (At 10:56 AM today).
Silver for March contract, at MCX, is trading at Rs.52,270.00 (up by 1.23%) after opening at Rs. 52,925.00 against the previous close of Rs. 51,636.00 with intra-day high of Rs. 52,925.00 till the trading. (At 10:55 AM today).
At NCDEX, the Dhaanya, an agri commodity index, is currently trading at 1,128.24, down by 0.3% (At 11:27 AM today).
On the domestic front, crude oil futures are trading with positive note on the back of persisting unrest in Libya, boosting concern that political tensions will spread to other North Africa and Middle East energy exporters. April future surged as much as $2.51 to $104.42 per barrel in the New York on Friday as Libyan leader Muammar Qaddafi sent troops to recapture towns in the western part of the country and prepared to quash protest in the capital.
Moreover, signs of U.S. economic recovery also boosted the demand outlook for oil in the country, as the Department of Labor showed yesterday that the U.S. unemployment rate declined to 8.9%, the lowest level since April 2009, boosting optimistic view of U.S. economic.
At MCX, crude future for March contract is trading at Rs. 4,736.00, up by 0.81%, after opening at Rs. 4,705.00 against the previous close price of Rs. 4,698.00 per barrel. (At 11:26 AM today).
The top gainers at MCX are Crude oil for July contract (1.54%), Silver for March contract (1.23%), Silver for September contract (1.20%), Potato TRWR for March contract (1.18%) and Silver M for November contract (1.14%). (At 11:24 AM today).
The top losers at MCX are Iron ore for April contract (-2.74%), Iron ore for March contract (-2.03%), Potato for May contract (-1.79%), Cardamom for March contract (-1.71%) and Cardamom for April contract (-1.67%). (At 11:22 AM today).
The top gainers at NCDEX are Silver for May contract (2.7%), Silver for July contract (2.2%), Maize for May contract (1.4%), Maize for April contract (1.2%) and Gold for August contract (1.1%). (At 11:19 AM today).
The top losers at NCDEX are Potato for June contract (-4.0%), Potato for July contract (-3.9%), chilli for June contract (-3.0%), Potato for August contract (-2.6%) and Potato for May contract (-2.4%). (At 11:17 AM today).
Copper futures are trading with positive note on the back of strengthening of global economy that boosted the demand for the metal, mainly used in building and electricity transmission grids.
U.S. service industries expanded in February to 59.7, and manufacturing grew at the fastest pace in almost seven years, according to the reports. The U.S. Department of Labor showed yesterday that U.S. initial jobless claims fell substantial by 23,000 to 368,000 in the week ended February 26, 2011 as compared to previous figure of 391,000. While, U.S. unemployment rate declined to 8.9%, the lowest level since April 2009, boosting optimistic view of U.S. economic.
Since, London Metal Exchange (LME) is close today; all the base metals are trading with little changed at multi Commodity Exchange (MCX) tracking cues from the domestic market.
At MCX, copper future for February contract is trading at Rs. 449.15 per kg, up by 0.19%, after opening at Rs. 448.30 against the previous close price of Rs. 448.30. (At 11:12 AM today).
At MCX, Lead future for March contract is trading at Rs. 118.70 per kg, up by 0.25%, after opening at Rs. 118.40 against the previous close price of Rs. 118.40. (At 11:09 AM today).
At MCX, Zinc future for March contract is trading at Rs. 111.30 per kg, up by 0.31%, after opening at Rs. 111.35 against the previous close price of Rs. 111.65. (At 11:06 AM today).
At MCX, Nickel future for March contract is trading at Rs. 1,301.50 per kg, up by 0.17%, after opening at Rs. 1,300.10 against the previous close price of Rs. 1,299.60. (At 11:00 AM today).
Gold futures climbed in the Indian bullion market on global cues. April future advanced on Friday as much as 0.86% to $1,428.6 per ounce on the COMEX as mounting political tensions in Libya enhanced the investment appeal for the precious metal as a protection of wealth. Turmoil in Libya renewed after opposition leaders in Libya rejected a mediation offer by Venezuelan President Hugo Chavez and prepared to push toward Qaddafi’s stronghold.
Gold for April contract, at MCX, is trading at Rs.21,091.00 per 10 grams, up by 0.18%, after opening at Rs. 21,069.00 against the previous close price of Rs. 21,054.00 with intra-day high of Rs. 21,105.00 till the trading. (At 10:56 AM today).
Silver for March contract, at MCX, is trading at Rs.52,270.00 (up by 1.23%) after opening at Rs. 52,925.00 against the previous close of Rs. 51,636.00 with intra-day high of Rs. 52,925.00 till the trading. (At 10:55 AM today).
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