Currently, Domestic commodities markets are trading with negative note. All the indices are showing downward trend on Multi Commodity Exchange (MCX). At MCX futures, MCXCOMDEX is trading at 3,326.84 (down by 0.05%), MCXMETAL is trading at 4,257.12 (down by 0.04%), MCXENERGY is trading at 2,928.36 (down by 0.02%), and MCXAGRI is trading at 2,928.58 (down by 0.13%). (At 11:28 AM today).
Crude futures declined in the domestic market on the back of tracking weak cues from the global market. At the New York Mercantile Exchange (MCX), Crude oil for March delivery dropped 31 cents to US$ 87.17 per barrel as Egyptian Vice President and some members of the opposition agreed on limited measures in order to resolve the conflict, easing concern that crude oil supply will disrupt through the Suez Canal. At MCX future, Crude Oil for February contract is trading at Rs 3,925.00, down by 1.75%, Crude Oil for March contract is trading at Rs 4,085.00, down by 1.61% and Crude Oil for April contract is trading at Rs 4,223.00, down by 1.40%. (At 5:22 P.M today)The top gainers at MCX future are Kapas for April contract (4.00%), Maize for April contract (2.24%), Mentha Oil for February contract (2.18%), Mentha Oil for March contract (1.97%) and Barley for March contract (1.62%) (At 5:10 P.M today)
Similarly the top losers at MCX future are Cardamom for February contract (-2.01%), Crude Oil for February contract (-1.90%), Crude Oil for May contract (-1.83%), Cardamom for March contract (-1.73%) and Crude Oil for March contract (-1.73%). (At 5:10 P.M today)
The top gainers at NCDEX future are Chilli for February contract (4.0%), Chilli for March contract (4.0%), Chilli for April contract (4.0%), Kapas for April contract (4.0%) and Castor Seed Oilcake for April contract (3.7%). (At 5:02 P.M today)
Similarly the top losers at NCDEX future are Gur for September contract (-3.5%), Natural Gas for February contract (-3.4%), Light Sweet Crude Oil for March contract (-3.3%), Gur for July contract (-3.2%) and Guar Gum for July contract (-3.0%). (At 5:02 P.M today)
On the domestic arena, at MCX future, Crude Oil for February contract is trading at Rs 3,916.00 against Previous close price of Rs 3,995.00 (down by 1.98%). (At 5:08 P.M today)
Gold for April contract is trading at Rs 20,168.00 against Previous close price of Rs 20,162.00 (up by 0.03%). (At 5:08 P.M today)
Natural gas for February contract is trading at Rs 185.80 against Previous close price of Rs 188.70 (down by 1.54%). (At 5:09 P.M today)
Silver for March contract is trading at Rs 44,589.00 against Previous close price of Rs 44,597.00 (down by 0.02%) (At 5:10 P.M today)
On the domestic front, sugar output is estimated to reach at 25 million tonnes, as against 25.5 million tonnes projected at the beginning of the season, ISMA President Narendra Murkumbi said. The trade body (ISMA) has projected the decline due to late rains in Uttar Pradesh, the second biggest producing state of the sweetener.
