Base Metals & Energy
Crude Oil prices fell by 1.29 percent on Friday at the domestic markets after OPEC said that its output surged in March, adding to a global glut. The Organization of the Petroleum Exporting Countries (OPEC) said that its March production jumped 810,000 barrels per day (bpd), to 30.79 bpd which is equivalent to a third of global supply. At the MCX, crude oil futures for June 2015 contract were trading at Rs. 3,513 per barrel, down by 1.29 percent, after opening at Rs. 3,536 against the previous closing price of Rs. 3,559. It touched the intra-day low of Rs. 3,500 till the trading.
Agro Outlook
Chana prices closed higher 1.36 percent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the traders enlarged their holdings in the commodity on account of the good demand in the market. At the ncdex chana futures for April 2015 contract closed at Rs. 4,103 per quintal, up by 1.36 percent, after opening at Rs. 4,089 against the previous closing price of Rs. 4,048. It touched the intra-day high of Rs. 4,122.
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