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Commodity News-
- GOLD STEADY AFTER ECB CASH INJECTION TO BANKS.
- OIL DOWN AS U.S. DURABLE GOODS ORDERS TUMBLE.
- COPPER CLIMBS TO TWO-WEEK HIGH AFTER ECB INJECTION.
- INDIAN SPICES COMPLEX TRADE BULLISH.
NCDEX Tips and Trend-
Menthaoil February contract was up by 9.33% to Rs 2,124 per kg, sugar March contract was up by 0.10% to Rs 2,873 per 100 kgs, potato April contract was up by 1.21% to Rs 864.60 per 100 kgs, potatotrwr April contract was up by 0.65% to Rs 724.50 per 100 kgs, cotton April contract was up by 0.46% to Rs 17460.00 per bales, chanaDel April contract was up by 0.13% to Rs 3,750 per 100 kgs, almond February contract was up by 1.60% to Rs 365.50 per kg while CPO March contract was down by 0.40% to Rs 546.90 per 10 kgs, cardamom March contract was down by 4.00% to Rs 922.80 per kg and kapas March contract was down by 1.25% to Rs 818.40 per 20 kgs.
Guar Seed futures declined Wednesday on profit booking by the traders on the back of subdued demand along with rising arrival in the spot market. In NCDEX guar seed March contract closed at Rs.18380 per quintal, a decline of 2.14% against the previous close.
Chana futures fell Wednesday on profit booking by the traders on the back of rising arrivals from the fresh crop. In NCDEX chana March contract is trading at Rs.3718 per quintal, a decline of 1.30% on 15:45 IST against the previous close.
