Thursday, 13 February 2014

NCDEX Tips for February 13, 2014

DAILYBUZZ

CHANA

  • Chana prices rose 0.62 per cent to Rs 2,931 per quintal in futures trading today as speculators enlarged positions, supported by pick up in demand in the spot market.
  • At the National Commodity and Derivative Exchange, chana for delivery in February rose by Rs 18, or 0.62 per cent to Rs 2,931 per quintal with an open interest of 24,210 lots.
  • Similarly, the commodity for delivery in March edged up by Rs 4, or 0.13 per cent to Rs 3,042 per quintal in 94,040 lots.

MENTHA OIL

  • Amid strong demand from consuming industries and lower arrivals from producing regions, mentha oil prices rose 0.51 per cent to Rs 792.90 per kg in futures trading today as speculators enlarged positions.
  • At the Multi Commodity Exchange, mentha oil for delivery in February moved up by Rs 4, or 0.51 per cent to Rs 792.90 per kg in business turnover of 260 lots.
  • Similarly, the oil for delivery in March gained Rs 2.80, or 0.35 per cent to Rs 802 per kg in 76 lots.

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