MCX Commodity Cardamom futures hits upper circuit on lower supply in the spot market

Posted on

Cardamom MCX futures reached upper circuit following good buying from exporters and upcountry buyers. Traders built fresh buying positions on anticipation renewed export demand. Cardamom April futures closed the trade at Rs.716.00 per kg, up by 4% from its previous close.

Cardamom futures are expected to trade in range during today’s trade on mixes sentiments in the market. Initially negative trade is expected due to profit booking for yesterday’s gains.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s