Ncdex Tips - Coriander rises on strong buying interest as on 14 July, 2015

Ncdex Tips - Coriander prices rose by 0.67 % on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the limited stocks on account of  narrow coming from the major increase belts. At the NCDEX, coriander futures for this July 2015     concord, was trading at Rs. 11,624 per quintal, up by 0.67 %  after staring at Rs. 11,525  opposite the back stopper price of Rs. 11,547. It join the intra-day top of Rs. 11,725 till the trading. (Today At 11.45 AM ).

Sentiment better further as the investors grow their holdings tracking the surge in the need for the commodity.

Coriander is normal in South Asian,  Mediterranean, Tex-Mex, Latin American, Middle Eastern, ,Portuguese, Scandinavian cuisineand Chinese, Central Asian, Indian and African,

NCDEX Agro Outlook Tips Of 05.05.2015

Agro Outlook

CORIANDER
Coriander prices were up by 1.17 percent to Rs 10,221 per quintal in futures trade today after participants enlarged positions amid tight supplies on fall in arrivals from producing belts against pickup in demand in the spot market. At the NCDEX dhaniya futures for May 2015 contract was trading at Rs. 10,221 per quintal, up by 1.17 percent after opening at Rs. 10,151 against the previous closing price of Rs. 10,103. It touched the intra-day high of Rs. 10,278 till the trading.

CASTOR SEED
Castor seed futures traded higher by 0.46 percent to Rs 3,697 per quintal today after speculators enlarged positions following rising demand from consuming industries in spot markets. At the NCDEX, castor seed futures for May 2015 contract were trading at Rs. 3,697 per quintal tonnes, up by 0.46 percent, after opening at Rs. 3,670 against the previous closing price of Rs. 3,680. It touched the intra-day high of Rs. 3,700 till the trading. Traders said strong demand from consuming industries, including paint, soap and lubricant amid forecast of deficient rains this monsoon season, influenced castorseed prices at futures trade. Besides, pick-up in export demand also supported the uptrend in castorseed prices, they added.

Today's NCDEX Agro News Of 30/04/2015

Agro Outlook

CHANA
Chana prices closed lower by 0.05 per cent on Wednesday 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 2015 contract closed at Rs. 4,205 per quintal, down by 0.05 percent, after opening at Rs. 4,210 against the previous closing price of Rs. 4,207. It touched the intra-day low of Rs. 4,185.

CASTOR SEED
Castor seed futures rose on the National Commodity & Derivatives Exchange Limited (NCDEX) as speculators enlarged their positions, tracking a firm trend at spot market on strong retailers and export demand. At the NCDEX, castor seed futures for May 2015 contract were trading at Rs. 3,733 per quintal tonnes, up by 0.13 percent, after opening at Rs. 3,729 against the previous closing price of Rs. 3,728. It touched the intra-day high of Rs. 3,744 till the trading. Besides, expectation of improving demands from paint and lubrication industries also supported the upside. Castor is a non-edible oilseed crop; basically a cash crop, with average 46 percent oil recovery.

Today's Agro Outlook Update Of 28/04/2015

Agro Outlook

CASTOR SEED
Castor seed prices rose by 0.34 percent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the rise in demand from consuming industries against restricted arrivals in domestic markets which in turn encouraged the investors to enlarge their holdings. At the NCDEX, castor seed futures for May 2015 contract were trading at Rs. 3,824 per quintal tonnes, up by 0.34 percent, after opening at Rs. 3,794 against the previous closing price of Rs. 3,811. It touched the intra-day high of Rs. 3,838 till the trading. 

CHANA

Chana prices closed higher 1.44 percent on Friday 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 May 2015 contract closed at Rs. 4,099 per quintal, up by 1.44 percent, after opening at Rs. 4,062 against the previous closing price of Rs. 4,041. It touched the intra-day high of Rs. 4,131.

COMMODITY NEWS: CRUDE OIL PRICES FELL BY 1.75 PERCENT

DATE: 23/04/2015

Base Metals & Energy

CRUDE OIL
Crude oil prices fell by 1.75 percent on Wednesday at the domestic markets after industry data on U.S. stockpiles showed solid builds across categories indicating that the demand for the commodity in US, world’s largest crude oil consumer is weak. The American Petroleum Institute said crude oil stocks rose by 5.5 million barrels last week, while distillate inventories gained 1.7 million barrels and gasoline supplies increased by 1.1 million barrels. At the MCX, crude oil futures for May 2015 contract were trading at Rs. 3,530 per barrel, down by 1.75 percent, after opening at Rs. 3,580 against the previous closing price of Rs. 3,593. It touched the intra-day low of Rs. 3,520 till the trading.

Agro Outlook

CASTOR SEED
Castor seed prices fell by 0.14 percent on Wednesday 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 May 2014 contract was trading at Rs. 3,655 per quintal tonnes, down by 0.14 percent, after opening at Rs. 3,655 against the previous closing price of Rs. 3,660. It touched the intra-day low of Rs. 3,635 till the trading.

MCX-NCDEX COMMODITY UPDATES OF 22/04/2015

Base Metals

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.

MCX COPPER, NCDEX CHANA TIPS OF 21.04.2015

Base Metals 
COPPER

Copper futures fell in the domestic market on Monday as investors and speculators exited positions in the industrial metal as fresh stimulus from policymakers in China failed to alleviate concerns over a worsening slowdown in the world’s biggest metals consumer that threatens to cut copper demand.China’s central bank cut the amount of funds that banks in China need to set aside as reserves by 1 percentage point or 100 basis points to 18.5 percent in response to last week’s data which showed the slowest pace of growth since the Global Financial Crisis last quarter while gains in factory output and retail sales weakened. At the MCX copper futures for April 2015 contract were trading at Rs. 382.3 per 1 kg, down by 0.44 percent, after opening at Rs. 386.1, against the previous closing price of Rs. 384. It touched the intra-day low of Rs. 382.15 till the trading.

Agro Outlook

CHANA
Chana prices closed lower by 1.82 percent on Friday 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 April 2015 contract closed at Rs. 4,035 per quintal, down by 1.82 percent, after opening at Rs. 4,056 against the previous closing price of Rs. 4,110. It touched the intra-day low of Rs. 4,022.

COMMODITY REPORT ON CRUDE OIL & CHANA OF 20.04.2015

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.

Crude oil prices rose by 0.46 percent: BASE METAL & ENERGY TIPS

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.

MCX CRUDE OIL, NCDEX CHANA UPDATES OF 16/04/2015

Base Metals & Energy

CRUDE OIL

Crude oil futures ended higher in the domestic market on Tuesday in the midst of continuing unrest in Yemen and mixed long-term forecasts on demand and production. The EIA estimates that brent will average $56 a barrel for the remainder of the year before increasing to $76 a barrel in 2018. Oil may extend gains today as energy traders await the release of the EIA weekly storage report on Wednesday. At the MCX, Crude oil futures, for the April 2015 contract, closed at Rs 3,342 per barrel, up by 2.11 percent, after opening at Rs 3,276, against the previous close price of Rs 3,273. It touched an intraday high of Rs 3,354 till the closing.

Agro Outlook

CHANA

Chana prices closed higher 2.12 percent on Monday 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. 3,950 per quintal, up by 2.12 percent, after opening at Rs. 3,950 against the previous closing price of Rs. 3,868. It touched the intra-day high of Rs. 3,950. Moreover, the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices.

ZINC-CORIANDER DATA BY RESEARCH VIA 10.04.2015

Base Metals

Zinc futures fell in the domestic market on Thursday as investors and speculators exited positions in the industrial metal after retail sales in the Euro area fell for the first time in five months in February 2015, signaling a faltering recovery in the 19-member economy, clouding the demand outlook for industrial metals. Retail sales fell 0.2 percent in February from the previous month, when they rose 0.9 percent. At the MCX, Zinc futures for April 2015 contract is trading at Rs 133.60 per 1 kg, down by 0.48 percent after opening at Rs 134.15, against the previous closing price of Rs 134.25. It touched the intra-day low of Rs 133.35.

Agro Outlook
Coriander prices fell by 0.56 percent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX, coriander futures for April 2015 contract were trading at Rs. 9,240 per quintal, down by 0.56 percent, after opening at Rs. 9,292 against the previous closing price of Rs. 9,292. It touched the intra-day low of Rs. 9,191 till the trading.

UPDATES OF MCX COPPER, NCDEX JEERA BY RESEARCH VIA

DATE: 09/04/2015

Base Metals 

Copper prices rose by 0.03 percent on Wednesday at the domestic markets as concerns over a disruption to supplies continued to support prices. Chilean state copper commission Cochilco said that the country is expected to produce 5.94 million tons of copper in 2015, down from a previous estimate of 6.0 million tons. Chile produces around a third of the world's copper and is the world's biggest exporter of the metal. At the MCX copper futures for April 2015 contract were trading at Rs. 380.70 per 1 kg, up by 0.03 percent, after opening at Rs. 380 against the previous closing price of Rs. 380.60. It touched the intra-day high of Rs. 382.40 till the trading.

Agro Outlook 

Jeera prices closed higher by 2.81 percent on Tuesday 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. 15,720 per quintal, up by 2.81 percent, after opening at Rs. 15,450 against the previous closing price of Rs. 15,290. It touched the intra-day high of Rs. 16,150. Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year.

RESEARCH VIA PRESENT LATEST UPDATE ON NATURAL GAS & JEERA

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.

Base Metals & Agro Outlook DAILY REPORT 07.04.2015

Base Metals

Zinc futures soared in the domestic market on Thursday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for zinc from the domestic spot market. Upbeat Euro area factory data which signaled a pickup in the 19-member economy also lifted the demand outlook for zinc. The Eurozone manufacturing PMI rose to the highest level in ten months at 52.2 in March from 51 in February, with a reading above 50 signaling expansion. At the MCX, Zinc futures for April 2015 contract closed at Rs 132.45 per 1 kg, up by 1.38 percent after opening at Rs 130.9, against the previous closing price of Rs 130.65. It touched the intra-day high of Rs 132.8 till the closing.

Agro Outlook
Chana prices closed higher 1.83 percent on Wednesday 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. 3,675 per quintal, up by 1.83 percent, after opening at Rs. 3,602 against the previous closing price of Rs. 3,609. It touched the intra-day high of Rs. 3,679. 

Coriander prices rose by 4 percent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the limited stocks on account of restricted arrivals from the major growing belts. At the NCDEX dhaniya futures for April 2015 contract was trading at Rs. 9,155 per quintal, up by 4 percent after opening at Rs. 8,810 against the previous closing price of Rs. 8,803. It touched the intra-day high of Rs. 9,155 till the trading.

RESEARCH VIA DAILY Energy & Agro Outlook Updates 06.04.2015

Natural Gas futures closed higher in the domestic market on Tuesday as investors and speculators booked fresh positions in the energy commodity as forecasts for cooler weather in parts of the US lifted the demand outlook for the heating fuel. Latest weather forecasting models called for colder temperatures in the US East Coast and the Midwest from April 4 to April 6, 2015. At the MCX, Natural Gas futures for April 2015 contract closed at Rs 167 per 1 kg, up by 0.18 percent after opening at Rs 166.6, against the previous closing price of Rs 166.7. It touched the intra-day high of Rs 169.3 till the closing.

Chana prices closed higher 0.19 percent on Tuesday 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. 3,607 per quintal, up by 0.19 percent, after opening at Rs. 3,598 against the previous closing price of Rs. 3,600. It touched the intra-day high of Rs. 3,634. Moreover, the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices. India produces around 6 to 8 million tonnes and contributes around 70 percent of the total world production.

RESEARCH VIA MCX COPPER - NCDEX CHANA UPDATES

DATE: 06/04/2015

Base Metals & Energy

Copper prices rose by 0.48 per cent on Wednesday at the domestic markets after euro zone’s manufacturing PMI rose unexpectedly last month, data showed on Wednesday signaling improving sentiment in the euro area which raised the demand outlook for the metal. In a report, research group Markit said the euro zone’s manufacturing PMI rose to 52.2, from 51.9 in the preceding month. At the mcx copper futures for April 2015 contract were trading at Rs. 380.25 per 1 kg, up by 0.48 per cent, after opening at Rs. 380 against the previous closing price of Rs. 378.45. It touched the intra-day high of Rs. 382.80 till the trading. However, gains were limited as market players digested a pair of reports on Chinese factory activity, amid growing concerns over a slowdown in the world's second largest economy. China's manufacturing purchasing managers' index inched up to 50.1 this month, just above the 50-point level that separates growth in activity from contraction while China HSBC final manufacturing PMI was revised up to 49.6 in March from an initial estimate of 49.2 but down from 50.7 the previous month.

 

Agro Outlook

Chana prices closed higher 1.88 percent on Wednesday 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. 3,677 per quintal, up by 1.88 per cent, after opening at Rs. 3,602 against the previous closing price of Rs. 3,609. It touched the intra-day high of Rs. 3,679. Moreover, the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices. India produces around 6 to 8 million tonnes and contributes around 70 percent of the total world production.

RESEARCH VIA UPDATES ON CHANA AND NATURAL GAS

Agro Outlook

Chana prices closed higher 0.19 percent on Tuesday 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. 3,607 per quintal, up by 0.19 percent, after opening at Rs. 3,598 against the previous closing price of Rs. 3,600. It touched the intra-day high of Rs. 3,634. Moreover, the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices. India produces around 6 to 8 million tonnes and contributes around 70 percent of the total world production.

Energy
Natural Gas futures closed higher in the domestic market on Tuesday as investors and speculators booked fresh positions in the energy commodity as forecasts for cooler weather in parts of the US lifted the demand outlook for the heating fuel. Latest weather forecasting models called for colder temperatures in the US East Coast and the Midwest from April 4 to April 6, 2015. At the MCX, Natural Gas futures for April 2015 contract closed at Rs 167 per 1 kg, up by 0.18 percent after opening at Rs 166.6, against the previous closing price of Rs 166.7. It touched the intra-day high of Rs 169.3 till the closing.

RESEARCH VIA Base Metals & Agro Outlook Updates

Date:01/04/2015

Base Metals

Zinc prices fell by 0.30 percent on Tuesday at the domestic markets after Federal Reserve Bank of Dallas manufacturing business index fell more-than-expected last month signaling weak sentiment in the region which reduced the demand outlook for the metal. Zinc futures for March 2015 contract, at MCX, were trading at Rs 130.80 per kg, down by 0.30 percent after opening at Rs. 130.25 against the previous closing price of Rs. 131.20. It touched the intra-day low of Rs. 130.25 till the trading.

Agro Outlook

Coriander prices fell by 0.4 percent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX dhaniya futures for April 2015 contract were trading at Rs. 8,940 per quintal, down by 0.4 per cent, after opening at Rs. 8,976 against the previous closing price of Rs. 8,940. It touched the intra-day low of Rs. 8,851 till the trading.

MCX Base Metal, NCDEX Agro Outlook Updates

Date: 31/03/2015

Base Metals & Energy

Zinc prices fell by 0.12 percent on Monday at the domestic markets after Industrial production in Japan fell more-than-expected last month signaling weak sentiment in the region which reduced the demand outlook for the metal. In a report, the Ministry of Economy, Trade and Industry said that industrial production fell to a seasonally adjusted -3.4 percent, from 3.7 percent in the preceding month. Zinc futures for March 2015 contract, at MCX, were trading at Rs 130.05 per kg, down by 0.12 per cent after opening at Rs. 129.90 against the previous closing price of Rs. 130.20. It touched the intra-day low of Rs. 129.40 till the trading.

Natural Gas futures plunged in the domestic and overseas market on Friday as investors and speculators exited positions in the energy commodity amid speculation that the onset of warmer weather in the US may curb demand for the heating fuel. Latest weather forecasting models called for near-normal temperatures across the 48 US states over the next two weeks. At the MCX, Natural Gas futures for April 2015 contract closed at Rs 166.6 per 1 kg, down by 2.34 percent after opening at Rs 170.50, against the previous closing price of Rs 170.60. It touched the intra-day low of Rs 166 till the closing.

Agro Outlook

Castor Seed prices rose by 0.71 percent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the rise in demand from consuming industries against restricted arrivals in domestic markets which in turn encouraged the investors to enlarge their holdings. At the NCDEX, castor seed futures for May 2014 contract were trading at Rs. 3,700 per quintal tonnes, up by 0.71 percent, after opening at Rs. 3,691 against the previous closing price of Rs. 3,674. It touched the intra-day high of Rs. 3,727 till the trading. 

 

Coriander prices fell by 0.53 percent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the ncdex dhaniya futures for April 2015 contract were trading at Rs. 8,585 per quintal, down by 0.53 per cent, after opening at Rs. 8,775 against the previous closing price of Rs. 8,631. It touched the intra-day low of Rs. 8,535 till the trading.

WEEKLY COMMODITY NEWS: Silver Prices Fell Sharply

DATE: 28/03/2015

Precious Metals

Silver prices fell sharply by Rs 197 to Rs 38,900 per kg in futures trade today due to profit- booking at existing levels and weak trend overseas.At the Multi Commodity Exchange, MCX Silver for - delivery in July traded lower by Rs 197, or 0.50 per cent, to Rs 38,900 per kg in a business turnover of just three lots.Also, the white metal for delivery in May declined by Rs 171, or 0.44 percent, to Rs 38,442 per kg in a business volume of 478 lots. In international market, silver prices fell by 0.4 percent to $17.05 an ounce in Singapore.Market analysts said apart from the profit-booking by participants, a weak trend in global markets led to the fall in silver prices at futures trade here.

Base Metal

Crude Oil futures tumbled in the domestic market on Friday as investors and speculators booked profits in the energy commodity after a surge in prices in recent sessions as bombing by Saudi Arabia and its allies against Shiite rebel targets in Yemen sparked fears over disruptions of oil supplies from the Middle East. China’s industrial profits fell by 4.2 percent in the first two months of 2015 from the same period a year ago, signaling weakness in the world’s second biggest economy, darkening the demand outlook for the fuel. At the MCX Crude oil futures, for the April 2015 contract, is trading at Rs 3,187 per barrel, down by 2.03 percent, after opening at Rs 3,214, against the previous close price of Rs 3,253. It touched an intraday low of Rs 3,176.

Agro

Chana edged up by 0.19 percent to Rs 3,618 per quintal in futures trade today as speculators created fresh positions on improved demand in the spot market. Besides, expectations of lower output fuelled the upside. At the National Commodity and Derivatives Exchange, NCDEX Chana for delivery in April moved up by Rs 7 or 0.19 percent, to Rs 3,618 per quintal with an open interest of 1,36,550 lots. Similarly, the commodity for delivery in May traded higher by a similar margin to Rs 3,641 per quintal in 1,06,030 lots. Analysts said apart from a firm trend at spot market on pick up in demand, lower output reports helped chana prices to trade higher at futures trade.