Date: 08/04/2015
Energy
Natural Gas futures rallied in the domestic and overseas market on Thursday as investors and speculators booked fresh positions in the energy commodity as a bigger than expected drop in US gas supplies signaled improving demand for the heating fuel in the world’s biggest gas consumer. US gas stockpiles fell 18 billion cubic feet in the week ended March 27, compared to expectations of a decline of 10 billion cubic feet, and a rise of 12 billion cubic feet in the prior week. At the MCX, Natural Gas futures for April 2015 contract closed at Rs 169 per 1 kg, up by 3.17 percent after opening at Rs 163.5, against the previous closing price of Rs 163.8. It touched the intra-day high of Rs 170.2 till the closing.
Agro Outlook
Jeera prices closed higher by 3.98 percent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors increased their holdings in the commodity in the midst limited arrivals from growing regions. At the NCDEX jeera futures for April 2015 contract closed at Rs. 15,290 per quintal, up by 3.98 percent, after opening at Rs. 14,845 against the previous closing price of Rs. 14,705. It touched the intra-day high of Rs. 15,290. Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year.
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