The Commodity markets in India have recovered from the disaster in the Bombay Stock Exchange quite sharply after the US Federal rate cut. The sources from the industry have informed that the Soyabean has recovered by 2.11 per cent to Rs 2,011 per quintal following the gains in the Chicago Board of Trade. The other products like Barley for the April delivery on NCDEX was up 1.65 per cent to Rs 995 per quintal and it rose Rs 30 to Rs 1,300 per quintal in the Jaipur spot markets.
According to the other sources from the industry, Jeera hit the lower circuit of four per cent, however it pared some of the losses to close 3.27 per cent lower at Rs 10,310 per quintal. The Sugar March contract also fell marginally to Rs 1,508 per quintal. On the MCX, the potato Tarkeshwar and Agra jumped by 3.73 per cent and 1.72 per cent to Rs 534 per quintal and also by Rs 591 per quintal on concern over the current cold weather in northern India.
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| Posted : 1/25/2008 |
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