NCDEX, MCX News Update: Turmeric futures Edge Lower on NCDEX

TurmericIn the National Commodity and Derivatives Exchange (NCDX), Turmeric futures edged lower on Wednesday, 6 December 2017, on anticipation of onset of new season crop and lower exports figures. Supplies from the govt auctions and new arrivals of medium quality supplies have forced the price further.

Turmeric futures contract for December delivery was trading Rs. 7,290.00, edged lower by 0.25 percent or Rs 18.00 from its last closing of Rs. 7,308.00. However, the open interest (OE) of the contract remained at 2,735 lots.

The contract for April delivery was being traded at Rs. 7,304.00, reduced by 0.76 percent or Rs 56.00 from its earlier closing of Rs. 7,360.00. The OE of the contract stood at 7, 275 lots on the NCDEX.

Sensex & Nifty open weak ahead of RBI policy; rupee falls against USD

stock market down Stock Tips – Sensex, Nifty opened lower on Wednesday before the outcome RBI’s bi-monthly policy meeting due later today. At 11 am, BSE Sensex lost 68.78 points to 32,735.66 while NSE Nifty dropped 29.30 points at 10,088.95. The Indian rupee falls 6 paise to 64.44 against the U.S dollar at the interbank FX market ahead of the result of RBI’s monetary policy.

Shares of Reliance Industries cut the losses of key indices whereas, HDFC Bank, State Bank of India, ICICI Bank, ITC, HDFC dragged.

Shares of Infosys Ltd, Coal India Ltd, Kotak Mahindra Bank and Sun Pharma were the only major gainers on Sensex after Reliance, rose up to 0.6 percent while SBI, Tata Steel, Hero MotoCorp, Bajaj Auto and ITC traded in red.

In Nifty-50 pack, shares of Tech Mahindra, Reliance Industries, Infosys, Kotak Mahindra Bank and Zee Entertainment were the top gainers, while Hindalco Vedanta, Tata Steel, Bajaj Auto and Eicher were the top losers in today’s trade.

NCDEX Market: Turmeric, coriander, crude palm oil rise

Turmeric power price Turmeric prices were trading up by 0.80 percent to Rs 7,538/quintal in futures trade today on uptick in domestic and export demand. At the NCDEX, turmeric for delivery in the October month was trading higher by Rs 60, or 0.80% to Rs 7,538/quintal with an open interest of 10,145 lots. Simultaneously, prices of Coriander rose 1.93 percent to Rs 4,551/quintal in futures trade as members widened positions amid rising spot demand, while crude palm oil for delivery this month rose by Rs 1.80, or 0.33% to Rs 543.30/10 kg, in a business turnover of 169 lots. Likewise, the oil for delivery in October went up by Rs 1.20, or 0.22% to Rs 539.80 per 10 kg in 138 lots.