Stock Market News: Cardamom prices increased by 3.95 % on Wednesday at the Multi Commodity Exchange (MCX) on account of good buying support from both exporters and upcountry buyers and also on hopes of improved export desired. At MCX, Cardamom futures for April 2015 contract were trading at Rs 830.60/kg, up by 3.95 %, after opening at Rs. 767.10 against the last ending price of Rs. 799. It touched the intra-day maximum of Rs. 830.60 till the trading. (At 10.35 AM today).
Crude oil futures closed higher in the domestic market on Tuesday in the midst of continuing unrest in Yemen and mixed long-term forecasts on desired and production. Crude futures received a boost as fighting escalated between Iranian-backed, Shiite-led Houthi rebels and Sunni-led Saudi Arabian troops. Prices remained relatively unchanged after the Energy Information Administration (EIA) released its annual energy outlook for 2015 on Tuesday. 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 MCX, Crude oil futures, for the April 2015 contract, ended at Rs 3,342/barrel, upward by 2.11 %, after opening at Rs 3,276, against the last close price of Rs 3,273. It touched an intraday maximum of Rs 3,354 till the ending.
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