Mcx Commodity Tips and Updates for 9 June 2015

Stock Market News : Natural Gas futures sweeped in the domestic market on Monday as investors and speculators booked fresh positions in the energy commodity as a sharp fall in prices in recent sessions offered good bargain buying opportunity in the fuel to investors, at existing levels. Prices hit a 5-week low in the overseas market last week as forecasts for mild weather across the US through mid-June signaled weak demand for the fuel used to fire up power plants, while a hefty stockpile- build also soured sentiment. At the MCX, Natural Gas futures for June 2015 contract closed at Rs 173.20 per 1 kg, up by 3.77 per cent after opening at Rs 167.60, against the last closing price of Rs 166.90. It touched the intra-day high of Rs 174.40 till the closing.