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Mumbai, Feb. 20 The Forward Markets Commission's decision to raise margins on jeera futures to 13 per cent by imposing an additional margin of 5 per cent failed to dampen investor sentiment.

Though opening low by Rs 150 per quintal, jeera futures gained 3.45 per cent to Rs 11,090 per quintal on reports of crop damage and speculative buying.

Strong spot prices of Rs 10,600 per quintal further added to the bullishness.

Guarseed futures, which fell Rs 200 per quintal in the last 15 days, saw some buying interest at the lower levels since Monday.

It was up 2.39 per cent to Rs 1,887 per quintal. Chana futures on NCDEX rose 1.64 per cent to Rs 2,042 per quintal reducing the spread with spot prices, which ruled at Rs 2,300 per quintal.

Soya counter up

Refined soya oil and soyabean futures on NCDEX were marked up 0.18 per cent and 0.64 per cent at Rs 445 per 10 kg and Rs 1,452 per quintal, respectively.

Turmeric futures for April delivery were up a tad up at Rs 1,998 per quintal.

Rubber futures on MCX were down 0.68 per cent to Rs 10,370 on weak international markets.

Kapas and kapaskhali on MCX lost 0.53 per cent and 0.64 per cent to Rs 431 per 20 kg and Rs 358 per 50 kg, respectively.

Potato Agra futures closed lower 0.39 per cent at Rs 367 per quintal as concern over crop damage eased.

Keeping in line with the downward trend, mentha oil futures on MCX were down 0.43 per cent at Rs 582 per kg.

NCDEX registered a turnover of Rs 3,007 crore (Rs 3,229 crore, up to 11 p.m.) up to 5 pm on 92,580 (103,980) trades, while on MCX it was Rs 2,867 crore (Rs 3,580 crore, up to 11 p.m.) on 53,150 (65,244) trades.

Active trades were seen in chana, pepper, guarseeds, refined soy oil, jeera and gold.

More Stories on : Commodity Markets | Spices & Condiments

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