MUMBAI: India’s major commodity bourses on Thursday opened with negative sentiments as the volatile market situation across the globe. US economic package announcement coupled with weakening US dollar supported the markets yesterday. However, its impact has shrunk today.
MCX Comdex for Energy, Metal and Agri down by 1 percent to 1799.56, while NCDEX FutexAgri dipped by 0.06 percent to 1812.25. MCX Bullion yesterday acquired moderate momentum on reports of firmness in international market. COMEX Gold surged above $ 800 in yesterday’s trade.
MCX Energy today went down by 1.70 percent to 1812.38 after touring on positive territory yesterday. The Crude prices soared above $43 at NYMEX in yesterday’s trade. However, the gains were limited due to hefty fuel stockpiles in US. Fragileness in dollar also supported the crude prices.
Meanwhile, MCX Agri contracts at present are being traded at lower. According to the analysts, this lower trend would change in the intraday trade. MCX Agri down by 0.21 percent to 1591.76, while NCDEX Agri up by 0.45 percent to 1888.80.
The situation is not different as far as base metal is concern. The base metal contracts were traded with marginal gains yesterday in the global market later dropped due to waning demand from industries. MCX Metal down by 0.69 percent to 2070.61.
MCX top gainers: Potato, Refined Soy Oil, Mentha Oil, Silver, Cardamom
NCDEX top gainers: Coriander, Steel, Chilli, Crude Oil, Gold
MCX top losers: Coriander, Crude Oil
NCDEX top losers: Coriander, Crude Oil, Kapas, Maize
