Business Daily from THE HINDU group of publications
Wednesday, Dec 06, 2006
ePaper
Business Daily from THE HINDU group of publications Wednesday, Dec 06, 2006 ePaper |
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Agri-Biz & Commodities
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Commodity Markets Commodity traders press panic button Our Bureau
Mumbai , Dec. 5 Commodity traders today unwound positions in guarseed, chana and maize to book some early gains following the punitive action by FMC. Sentiment, however, improved in the evening session. "Traders turned panicky as there were unconfirmed reports of Government banning futures trading in guarseed. Today's suspension order added to the fear," said Mr Harish Galipalli, research head, Karvy Commodities. Guarseed opened low on NCDEX at Rs 2,109 per quintal in the morning and later recovered to Rs 2,150. It, however, closed in the red with a loss of Rs 22 at Rs 2,130.
Maize, pepper dip
Cut in open interest limits saw maize lose 0.30 per cent to Rs 766.50 a quintal on NCDEX. Chana futures on NCDEX closed at Rs 2,744 per quintal after touching a low of Rs 2,705. Pepper on NCDEX lost 2.7 per cent to Rs 10,050 per quintal, while jeera futures on NCDEX lost Rs 78 at Rs 8,395 per quintal. Cardamom on NCDEX also lost 2.07 per cent to close at Rs 378 per quintal. Soyabean January futures gained Rs 9.2 per quintal at Rs 1,373 while soya oil was up 0.35 per cent at Rs 472 per 10 kg.
Related Stories: More Stories on : Commodity Markets | Commodity Exchanges
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