DATE: 17.04.2015
Base Metals & Energy
CRUDE OIL
Crude oil prices rose by 0.46 percent on Thursday at the domestic markets as positive US economic data lifted the demand outlook for the fuel. The Federal Reserve’s Beige Book showed that the world’s biggest economy expanded from mid-February to the end of March led by gains in retail sales and rising demand for business services. US home builder sentiment rose in April while factory output eked out a gain for the first time in four months in March. The gauge measuring US home builder sentiment climbed to the highest level since January at 56 in April from 52 in March. US manufacturing output rose 0.1 per cent in March from the previous month. At the MCX, crude oil futures for June 2015 contract were trading at Rs. 3,512 per barrel, up by 0.46 percent, after opening at Rs. 3,512 against the previous closing price of Rs. 3,496. It touched the intra-day high of Rs. 3,532 till the trading.
Agro Outlook
CASTOR SEED
Castor seed prices fell by 0.49 percent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh supply of the commodity in the major mandies as well as strong production estimates. At the NCDEX, castor seed futures for April 2015 contract was trading at Rs. 3,646 per quintal tonnes, down by 0.49 per cent, after opening at Rs. 3,675 against the previous closing price of Rs. 3,664. It touched the intra-day low of Rs. 3,646 till the trading.
Castor seed prices fell by 0.49 percent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of fresh supply of the commodity in the major mandies as well as strong production estimates. At the NCDEX, castor seed futures for April 2015 contract was trading at Rs. 3,646 per quintal tonnes, down by 0.49 per cent, after opening at Rs. 3,675 against the previous closing price of Rs. 3,664. It touched the intra-day low of Rs. 3,646 till the trading.
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