MUMBAUI: Major commodity futures bourses in India, MCX and NCDEX failed to recover on Tuesday from its previous losses. The global slowdown has forced speculators to keep a gap from trading and they engaged in profit booking.
MCX Comdex- Agri, Energy and Metal contracts are being traded lower by 1.83 percent to 1884.13 while NCDEX FutexAgri down by 0.55 percent to 1816.01. However, at present NCDEX Agri stood marginally up by 0.05 percent to 1899.38.
As per experts, agri contracts in both counters are likely to go up further tracking the spot market reports of increased demand in the wake of festive season. MCX Agri down by 0.10 percent to 1390.95. MCX Bullion contracts have also extended its early negatives sentiments in the morning session. Gold and silver contracts are being traded at lower levels.
Crude oil prices have continued to trade down in the international markets on the back of stronger US dollar against major currencies. Taking this MCX Energy too drowned sharply by 3.47 percent to 2045.14.
MCX Metal condition is also very poor at present because of prevailing weak sentiments over base metals in the global markets. MCX Metal dipped by 0.79 percent to 2158.11.
