The Hindu Business Line : Maize futures gain on short covering

Mumbai, Oct 9 Maize futures gained 1.68 per cent to Rs 697 per quintal on short-covering on NCDEX on Tuesday. Sentiments in the futures markets improved on active buying by poultry and starch extractors in the spot markets.

Chana futures were up 1.68 per cent to Rs 2,365 per quintal as traders expect demand to increase during the forthcoming festival season. Prices in Delhi spot market were up by Rs 20 per quintal to Rs 2,400 on Tuesday.

After a sharp fall last week, rapeseed-mustardseed futures bounced back on strong international soya oil markets. It rose 1.64 per cent to Rs 452.95 per 20 kg.

Cardamom on MCX was up 2.17 per cent to Rs 519 per kg as arrivals slowed down considerably. Rubber and kapas futures gained 1.4 per cent and 0.76 per cent to Rs 9,045 per quintal and Rs 409 per 20 kg.

Turmeric futures on NCDEX and potato on MCX were the losers.

NCDEX recorded a turnover of Rs 1,935 crore on Tuesday up to 5.45 pm against Rs 1,692 crore. MCX turnover on Tuesday was Rs 5025 crore against Rs 4,980 crore.

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