Guar seed June contract opened higher by Rs 8 on NCDEX today. Guar seed traded strong following Guar gum during trading session. Prices are expected to remain strong on positive sentiments for short run. June contract is expected to take support near 3240. “Guar is expected to remain bullish technically,” said Anil Patadia, commodity analyst [...]
On the NCDEX, major May contract agri commodities exhibited a mixed trend Tuesday. Pepper gained weight while turmeric dropped. Palm oil on MCX traded on a negative node. Pepper settled at Rs 29358/quintal due to a squeeze in local supplies and lower stocks. It touched a high of Rs.29492 and a low of Rs.28495. Unseasonal [...]
Castor Seed shows mixed sentiments in today’s trading session as Castor Seed prices at NCDEX, May contract has given an opening at 4995 per quintal and after making intraday high of 5015 it started trading down side and made an intraday low at 4970 and still expected to trade down side. Slackness in demand and [...]
NCDEX May soybean futures ended higher on Tuesday due to short covering after continuous fall in the last 4-5 trading sessions. There is market talk that the India can get soy meal export order from China and firm soybean futures of soybean at CBOT provided support to the bulls. Weekly export inspections report released on [...]
Rating agency Crisil, which holds a 12% stake in commodity exchange NCDEX, is planning to sell 5% in the bourse to JM Financial Trustee Company, trustee to a private equity fund sponsored by JM Financial. The trustee company has made an application to Foreign Investment Promotion Board (FIPB) for acquiring up to 5% stake.
MUMBAI (Commodity Online): Chana futures added some modest gains in the early trading on the NCDEX counter due to the fresh buying activity driven by short supply in the spot market Wednesday. NCDEX chana August contract advanced Rs six at Rs 2,318 a quintal and so far fluctuated between Rs 2,322- 2,309 a quintal. September [...]
NCDEX Maize Aug contract opened up at 1081 per quintal vs. previous close of 1079.6 made an intraday low at 1081 and rose because of. Maize prices went up in spot market because of good demand from poultry feed and starch manufacturers. Stockists also release their stocks in lower quantities hoping further price rise. The [...]
Here are some How to resources for India Commodity Futures Trading Beginners Guide to Commodities Futures Trading in India Indian markets have recently thrown open a new avenue for retail investors and traders to participate: commodity derivatives. For those who want to diversify their portfolios beyond shares, bonds and real estate, commodities is the best [...]
The daily turnover volume at the National Commodity and Derivative Exchange (NCDEX) stood at Rs 35.44 billion (one-way). There were 438 members (1,978 users) participated in trading on Aug 26, 2009 up to 5:00 p.m. There were more than 87,802 trades put through by them. Active trades were witnessed in Guar Seed, Chana, Soya Oil, [...]
Aug 26 Pepper futures prices rose by 1.56 per cent on the National Commodity and Derivatives Exchange today as traders indulged in increasing their positions to meet the coming marriage season demand.Pepper for November contract rose by 1.56 per cent to Rs 15,495 per quintal, clocking an open interest in 260 lots. Read More
