Thursday, March 17, 2011

Mcx Tips Provider

At Multi Commodity Exchange (MCX), Cardamom future for April contract is trading at Rs. 1,140.60 per kg, down by 0.75%, after opening at Rs. 1,146.00 against the previous close price of Rs. 1,140.60. It touched the intra-day low of 1,130.00 till the trading. (At 11:23 AM today).

The top gainers at MCX are Refined soya oil for May contract (1.76%), Sugar MDEL for March contract (1.15%), Nickel for May contract (0.83%), Nickel for March contract (0.70%) and Nickel for April contract (0.60%). (At
11:18 AM today).

The top losers at MCX are Potato TRWR for June contract (-2.99%), Potato TRWR for May contract (-2.98%), Potato TRWR for April contract (-2.88%), Potato for June contract (-2.09%) and Cardamom for July contract (-1.96%). (At
11:17 AM today).

The top gainers at NCDEX are Guar Gum for April contract (2.72%), Guar Gum for March contract (2.72%), Guar Gum for May contract (2.63%), Guar Seeds for May contract (2.20%) and Guar Seeds for April contract (2.12%). (At
11:15 AM today).

The top losers at NCDEX are Potato for August contract (-4.0%), Potato for July contract (-3.98%), Potato for June contract (-2.95%), Potato for May contract (-2.74%) and Turmeric for April contract (-1.91%). (At
11:13 AM today).

Precious metals are trading with negative note in the domestic bullion market on the back of following weak global cues. April future dropped as much as 0.66% to $1,386.8 per ounce on the Commodity Exchange (COMEX) in electronic trading as
Japan’s nuclear crisis intensified from the March 11 strongest earthquake and tsunami, forcing investors to sell the precious metals to cover losses in equities and other commodities. Silver also fell and traded near three month lows.

At Multi Commodity Exchange (MCX), gold future for April contract is trading at Rs. 20,589.00 per 10 grams, down by 0.31%, after opening at Rs. 20,640.00 against the previous close price of Rs. 20,652.00. It touched the intra-day low of Rs. 20,585.00 till the trading. (At
11:10 AM today).

At COMEX, gold future for April contract is trading at $1,393.0 per ounce, down by $3.1, after opening at $1,400.0 against the previous close price of $1,396.1 per ounce. It touched the intra-day low of 1,386.8 with a business volume of 20,067 lots till the electronic trading. (At
11:09 AM today).

Silver for May contract, at MCX, is trading at Rs. 51,827.00 per kg, down by 0.72%, after opening at Rs. 52,100.00 against the previous close price of Rs. 52,203.00. It touched the intra-day low of Rs. 51,650.00 till the trading. (At
11:08 AM today).

Today, gold futures prices will take cues from the global market as The U.S. Department of labor has scheduled to release initial jobless claims at 07:00 PM IST that provides the measure of the number of people filing first time claims for state unemployment insurance. Generally, a low reading is seen as negative for gold prices, while a high reading is seen as positive. Investors are expecting a decrease in this report by 12,000 to 385,000 for the week ended
March 12, 2011 as compared to previous figure of 397,000.

On the international front, The Energy Information Administration (EIA) reported yesterday that
U.S. oil stockpiles increased by 1.7 million barrels in the week ended March 3, 2011 against the forecasts of 2.5 million barrels rise in the stockpiles.

At Multi Commodity Exchange (MCX), crude oil future for March contract is trading at Rs. 4,458.00 per barrel, up by 0.32%, after opening at Rs. 4,435.00 against the previous close price of Rs. 4,444.00. It touched the intra-day high of Rs. 4,459.00 till the trading. (At
11:06 AM today).

Crude oil for April future, at NYMEX, is trading at $98.37 per barrel, up by 39 cents, after opening at $98.10 against the previous close price of $97.98. It touched the intra-day high of $98.70 with a business volume of 12,901 lots till the electronic trading. (At
11:05 AM today).

Copper for April contract, at MCX, is trading at Rs. 423.20 per kg (up by 0.37%) after opening at Rs. 422.10 against the previous close price of Rs. 421.65 with intra-day high of Rs. 423.45 till the trading. (At
11:04 AM today).

Today, copper futures prices will take cues from the global market as the Board of Governors of the Federal Reserve has scheduled to release the U.S. industrial production data at 06:45 PM IST that indicates the volume of production of U.S. industries such as factories and manufacturing. A high reading is seen as positive for copper prices, while a low reading is seen as negative for copper.

At Multi Commodity Exchange (MCX), natural gas future for March contract is trading at Rs. 179.70 per mmBtu, up by 0.22%, after opening at Rs. 179.70 against the previous close price of Rs. 179.30 per mmBtu. It touched the intra-day high of Rs. 179.90 till the trading. (At
11:03 AM today).

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