COPPER
Copper prices fell by 0.29 percent on Tuesday at the domestic markets after Japan’s index of leading economic indicators rose less-than-expected last month signaling weak sentiment in the region which reduced the demand outlook for the metal. In a report, Cabinet Office said that Japan’s index of leading economic indicators rose to a seasonally adjusted 104.8, from 105.0 in the preceding month whose figure was revised down from 105.3. At the MCX copper futures for April 2015 contract were trading at Rs.379.80 per 1 kg, down by 0.29 per cent, after opening at Rs. 381.25 against the previous closing price of Rs. 380.90. It touched the intra-day low of Rs. 378.55 till the trading.
Agro Outlook
CHANA
Chana prices closed lower by 1.11 percent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. At the NCDEX chana futures for May 2014 contract closed at Rs. 3,915 per quintal, down by 1.11 percent, after opening at Rs. 3,950 against the previous closing price of Rs. 3,959. It touched the intra-day low of Rs. 3,900.
Chana prices closed lower by 1.11 percent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. At the NCDEX chana futures for May 2014 contract closed at Rs. 3,915 per quintal, down by 1.11 percent, after opening at Rs. 3,950 against the previous closing price of Rs. 3,959. It touched the intra-day low of Rs. 3,900.
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