The Hindu Business Line : Maize futures gain on short covering

Mumbai March 20 Prices of most commodities in the national futures markets remained flat as many of the contracts expired on Tuesday. Chana futures on NCDEX posted a gain of 1.22 per cent to Rs 2,150 per quintal, as traders rolled over their positions to April. Maize futures for April delivery were up 0.93 per cent at Rs 756 per quintal on short covering.

Fresh buying at lower levels pushed up cardamom futures on MCX by 2 per cent to Rs 463 per kg. Rubber futures gained 0.69 per cent to Rs 9,160 per quintal in line with prices on Tokyo Commodity Market, where it was up by 3 yen to 261.5 yen.

Potato dips

Guarseed lost 0.72 per cent to Rs 1,936 per quintal. Potato futures on NCDEX and MCX dipped 0.6 per cent and 2.01 per cent to Rs 646 per quintal and Rs 609 per quintal respectively.

NCDEX has extended trading hours up to 11.30 pm on weekdays and up to 2 pm on Saturdays for arabica and robusta coffee futures from Thursday. However, trading will not be available after 5 pm on contract expiring for the day.

Turnover

NCDEX registered a turnover of Rs 2,592 crore (Rs 2,608 crore, up to 11.30 p.m.) up to 5 p.m. on 78,008 (79,220) trades while in MCX it was Rs 3,259 crore (Rs 8,325 crore up to 11.30 p.m.) up to 5 p.m. on 49,507 (133,284). Active trades were seen in chana, pepper, guarseeds, refined soy oil, jeera and gold.

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