Stock Market News: Natural Gas futures jumped in the domestic and overseas market on Wednesday as investors and speculators exited positions in the energy commodity ahead of weekly US supplies data to be released on Thursday which may show a stockpile-build last week, signaling weakening demand for the fuel in the world’s biggest fuel consumer. At the MCX, Natural Gas futures for April 2015 contract ended at Rs 163.90 per 1 kg, downward by 2.67 % after opening at Rs 167.3, against the last ending price of Rs 168.4. It touched the intra-day low-lying of Rs 163.4 till the ending.
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STOCK FUTURES
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STOCK FUTURES
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ULTRA FUTURES
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Mustard seed prices ended higher by 1.25 % on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the decline in the supply for the commodity in the major markets. At the NCDEX, mustard seed futures for April 2015 contract ended at Rs. 3,572 per quintal, upward by 1.25 %, after opening at Rs. 3,522 against the last ending price of Rs. 3,528. It touched the intra-day high of Rs. 3,604.
Chana prices ended higher 2.51 % 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 ended at Rs. 3,881 per quintal, upward by 2.51 %, after opening at Rs. 3,790 against the last ending price of Rs. 3,786. It touched the intra-day high of Rs. 3,908.
Jeera prices ended higher by 3.97 % on Wednesday 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 NCDEX, jeera futures for April 2015 contract ended at Rs. 16,365/quintal, upward by 3.97 %, after opening at Rs. 15,600 against the last ending price of Rs. 15,740. It touched the intra-day high of Rs. 16,365.
Barley prices ended higher by 3.54 % on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of strong demand from beer and cattle-feed making industries against restricted supply in physical markets. At the NCDEX, barley futures for April 2015 contract ended at Rs. 1,140/quintal, upward by 3.54 %, after opening at Rs. 1,102 against the last ending price of Rs. 1,101. It touched the intra-day high of Rs. 1,145.
Maize prices ended lower by 0.41 % on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of heavy selling activity by the traders on account of higher global supplies and weak off takes from the local buyers. At NCDEX, maize futures for April 2015 contract ended at Rs. 1,208 per quintal, downward by 0.41 %, after opening at Rs. 1,200 against the last ending price of Rs. 1,213. It touched the intra-day low of Rs. 1,200.
Crude oil futures tumbled in the domestic and overseas market on Wednesday as investors and speculators exited positions in the energy commodity after oil storage in the US hit a fresh record as inventories soared by the most since March 2001, exacerbating a global supply glut. At MCX, Crude oil futures, for the April 2015 contract, ended at Rs 3,182 per barrel, downward by 4.3 %, after opening at Rs 3,303, against the last close price of Rs 3,325. It touched an intraday low of Rs 3,166 till the ending.
Zinc futures ended higher in the domestic market on Wednesday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for zinc in the domestic spot market. At MCX, Zinc futures for April 2015 contract ended at Rs 134.25 per 1 kg, up by 0.22 % after opening at Rs 133.5, against the last ending price of Rs 133.95. It touched the intra-day high of Rs 134.5 till the ending.
Gold futures ended lower in the domestic market on Wednesday as investors and speculators exited positions in the precious metal tracking a bearish trend in the overseas market as minutes from the US Federal Reserve’s March policy meet signaled a split among FOMC officials over the prospect of an initial interest rate lift-off in June. At the MCX, Gold futures for June 2015 contract ended at Rs 26,670 per 10 gram, downward by 0.43 % after opening at Rs 26,880, against the last ending price of Rs 26,875. It touched the intra-day low of Rs 26,671 till the ending.
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