NEW DELHI, Jan 27: Nickel prices fell by 0.63 per cent to Rs 900.90 per kg in futures trade today as speculators trimmed their positions, taking a negative cues from overseas markets.
At the Multi Commodity Exchange, nickel for delivery in January fell by Rs 5.50, or 0.63 per cent, to Rs 900.90 per kg in business turnover of 2,372 lots.
Similarly, the metal for delivery in February declined by Rs 5.20, or 0.57 per cent, to Rs 907.60 per kg in 463 lots.
Analysts attributed the fall in nickel futures to a weak global trend on speculation that Indonesia, may not impose a complete ban on ore shipments, easing supply concern, mainly influenced nickel prices at futures trade.
Meanwhile, nickel for delivery in three months lost 0.9 per cent to 14,354 dollar a metric tonne, the lowest level since January 20 on the London Metal Exchange. (AGENCIES)
Nickel futures fall 0.63% on global cues
Mixed trend prevails in foodgrain market.
CHENNAI, Jan 27: The prices of moong dal, gram dal, and wheat increased while sugar decreased in the wholesale foodgrain market here today.
Rest all other commodities ruled steady.
Sugar declined by Rs 30 per quintal to Rs 2,850 from Rs 2,880.
However, Moong dal and Gram dal rose by Rs 400 and Rs 100 per quintal each to Rs 9,400 and Rs 3,900 from its last week’s closing rate of Rs 9,000 and Rs 3,800, respectively.
In addition, Wheat went up by Rs 100 per quintal to Rs 2,600 from Rs 2,500.
Following are the wholesale rates of various agri-commodities today (in rupees per quintal, except where stated otherwise): Thoor Dal Rs 7,200 Urad Dal Rs 7,200 Moong Dal Rs 9,400 Gram Dal Rs 3,900 Sugar Rs 2,850 Wheat Rs 2,600 Maida (90 kg) Rs 2,500 and Sooji (90 kg) Rs 2,600. (AGENCIES)
Gold futures up 0.77% on global cues
NEW DELHI, Jan 27: Gold prices moved up by 0.77 per cent to Rs 29,036 per ten gram in futures trade today as speculators buying, tracking a firm global trend.
At the Multi Commodity Exchange, gold for delivery in April rose by Rs 223, or 0.77 per cent to Rs 29,036 per ten grams in business turnover of 384 lots.
In a similar fashion, the metal for delivery in February moved up by Rs 151, or 0.51 per cent to Rs 29,670 per ten gram in 1845 lots.
Analysts said speculators enlarged their positions in tandem with a firm global trend where gold rose to two-month high mainly led to rise in gold prices at futures trade.
Meanwhile, gold rose by 0.8 per cent to USD 1,279.61 an ounce, the highest level in Singapore since November 18. (AGENCIES)
Coriander futures down 1.94% on profit-booking
NEW DELHI, Jan 27: Coriander prices fell by 1.94 per cent to Rs 8,381 per quintal in futures trade today as speculators booked profits at existing higher levels amid weak demand at spot markets.
Sentiment weakened further as speculators reduced their positions on the back of sluggish demand in the spot market, market analysts said.
At the National Commodity and Derivatives Exchange, coriander prices for delivery in February fell by Rs 166, or 1.94 per cent, to Rs 8,381 per quintal with open interest of 34,990 lots.
The January delivery declined by Rs 137, or 1.47 per cent to Rs 9,199 per quintal with open interest of 22,330 lots. (AGENCIES)
Barley futures down as speculators trim position
NEW DELHI, Jan 27: Barley prices dropped by Rs 28.50 to Rs 1,413.50 per quintal in futures trading today as speculators trimmed positions amid weak trend in the physical markets.
At the National Commodity and Derivatives Exchange counter, barley prices for delivery in July month contracts dipped by Rs 28.50, or 1.98 per cent, to Rs 1,413.50 per quintal, in an open interest of 10 lots.
First contract April month too remained in pressure and eased by Rs 3, or 0.22 per cent, to Rs 1,361.50 per quintal and open interest was 3,120 lots.
Markemen said weak trend in the physical markets against higher supplies, weighed on barley prices at futures trade. (AGENCIES)
Castorseed up in futures trade on fresh buying
NEW DELHI, Jan 27: Castorseed prices higher by Rs 44 to Rs 4,331 per quintal in futures trading today on the back of fresh positions created by speculators at prevailing levels.
Marketmen said pick-up in demand and restricted supplies in spot markets mainly influenced castorseed prices at futures trade.
At the National Commodity and Derivatives Exchange counter, castorseed prices for delivery in far-month May delivery contracts hardened by Rs 44, or 1.03 per cent, to Rs 4,331 per quintal, with an open interest of 5,050 lots.
In similar manners, castorseed delivery in February moved up by Rs 31, or 0.76 per cent, to Rs 4,108 per quintal, clocking an open interest of 1,52,120 lots. (AGENCIES)
Cardamom futures rises 1.14% on high demand
NEW DELHI, Jan 27: Cardamom futures rose by 1.14 per cent to Rs 756.90 per kg in futures trade today as speculators indulged in enlarging their positions amid thin arrivals.
Sentiment improved further on account of a firm demand in the Spot market against restricted arrivals.
At the Multi Commodity Exchange, cardamom for delivery in March rose by Rs 8.60, or 1.14 per cent, to Rs 756.90 per kg, with a business turnover of 259 lots.
The delivery in February also up by Rs 6.90, or 0.95 per cent, to Rs 728 per kg, with a trading volume of 426 lots.
Market analysts said rising spot and exporters demand against restricted arrivals from producing regions, mainly influenced cardamom prices at futures market. (AGENCIES)
Crude palm oil futures soften on subdued demand
NEW DELHI, Jan 27: Crude palm oil prices fell by 0.36 per cent to Rs 542.50 per 10 kg in futures trading today as speculators offloaded their positions due to subdued demand in the spot market against sufficient supplies.
At the Multi Commodity Exchange, crude palm oil for delivery in March softened by Rs 2, or 0.36 per cent, to Rs 542.50 per 10 kg in business turnover of 41 lots.
Likewise, the oil for delivery in February traded lower by Rs 1.90, or 0.35 per cent, to Rs 537.30 per 10 kg in 94 lots.
Market analysts said offloading positions by speculators due to subdued demand in the spot market against adequate supplies.
Globally, the palm oil for April delivery fell as much as 0.80 per cent to 2,570 ringgit (USD 769) a metric tonne on the Malaysia Derivatives Exchange today. (AGENCIES)
Katra rail link misses another deadline
NEW DELHI: The much-delayed train service to Katra, the base camp to the famous Vaishno Devi shrine in Jammu and Kashmir, has missed another deadline and will not be ready for commissioning by Prime Minister Manmohan Singh when he visits Jammu next week.
The flagging of a train to Katra from Udhampur to cover the 25-km long stretch was kept in the tentative schedule of the Prime Minister after initial assurances from the Railways that the line will be ready for commissioning, official sources said today.
Singh will be in Jammu on February three to attend the National Science Congress.
Several trials were conducted in the recent weeks and even an Advance Security Liaison, a pre-requisite before visit of any VVIP, was also done in connection with opening the new rail line, the sources said.
However, Railways backed out at the last moment when the itinerary of the Prime Minister was being finalised, citing that the Commissioner of Railway Safety(CRS) was not satisfied with one of the several bridges in the rail route.
The train connectivity to Katra is part of the ambitious Kashmir rail link project marking the region’s rail connectivity with rest of the country. It has been executed at an estimated cost of Rs 1,050 crore.
Udhampur-Katra route was slated to be commissioned during October last but it got delayed after a portion of a tunnel caved in.
The agitation in the Valley last year also delayed completion of the section as the workers involved in the project left the site.
The new link with seven tunnels, 29 minor and nine major bridges is expected to ease the pilgrim rush in Jammu city and help the devotees to directly go to Katra. (AGENCIES)
Fresh probe into Pathribal encounter not ruled out
NEW DELHI: A fresh probe into the Pathribal encounter case is not ruled out in view of the major controversy that has erupted after the Army gave a clean chit to its personnel in the infamous incident which took place in Kashmir in 2000.
Indications in this regard came on a day when Army Chief Gen Bikram Singh met Defence Minister A K Antony here today.
It was not clear what transpired between them during the meeting.
Sources, however, said reopening of the Pathribal case cannot be ruled out considering the controversy and the sensitive nature of the incident.
Earlier in the day, Antony reviewed the security situation in the country with National Security Adviser Shivshankar Menon and the chiefs of Army, Air Force and Navy.
Army last week closed the Pathribal encounter case saying the evidence recorded could not establish prime facie charges against any of the accused persons.
The force is facing criticism from several quarters including Jammu and Kashmir Chief Minister Omar Abdullah who plans to take it up with Prime Minister Manmohan Singh.
In the 2000 encounter, five alleged civilians were killed on the ground that they were foreign militants and the case was handed over to the CBI.
The agency alleged in 2006 that five Army personnel– Brig Ajay Saxena, Lt Col Brahendra Pratap Singh, Maj Saurabh Sharma, Maj Amit Saxena and Subedar Idrees Khan– were involved in the gunning down of five villagers, dubbing them as foreign militants before the media.
The CBI, in its chargesheet, had alleged that the army officials of Seven Rashtriya Rifles had staged a fake encounter and killed five innocent civilians whom they said were terrorists involved in an attack on Sikhs at Chittisinghpora in south Kashmir.
The CBI alleged that the killing of innocents was a result of ‘tremendous psychological pressure’ on the army unit to show results after the massacre of 36 Sikhs in Chittisinghpura in the valley on the eve of the visit of then US President Bill Clinton to India. (AGENCIES)