Breaking News

You are here » Indian-Commodity  :  Commodities  :  Cardamom  :  Cardamom futures trade lower on profit taking

02-Nov2018

Cardamom futures trade lower on profit taking

Cardamom futures traded lower on MCX, as investors locked in their prevailing profits. Moreover, dip in buying from export and domestic markets amid prevailing higher price also added to downside.

The contract for November delivery was trading at Rs 1390.00, down by 0.93% or Rs 13.10 from its previous closing of Rs 1403.10. The open interest of the contract stood at 111 lots

The contract for December delivery was trading at Rs 1415.00, down by 0.16% or Rs 2.20 from its previous closing of Rs 1417.20. The open interest of the contract stood at 104 lots on MCX.


Related News

View all news

Cardamom futures trade in red on muted demand

Cardamom futures traded in red on MCX on the back of muted demand at spot market. However, diminishing stocks at auction centres in Kerala, trimmed some losses.The contract for May delivery was trading......

Cardamom futures surge on pick-up in demand

Cardamom futures surged on MCX as participants created huge speculative positions amid pick-up in domestic demand. Moreover, diminished arrivals from growing regions buoyed the upward momentum.The contract......

Cardamom futures trade up on rise in demand

Cardamom futures traded up on MCX on reports of dry weather conditions in key growing areas over the past one month that led to fears of fall in output. Moreover, rise in demand at the spot market fuelled......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......