Business Standard

Turmeric rises on short-covering, lower output

April, may contracts gain 0.4% each as speculators cover up positions on buzz of lower output

Press Trust of India  |  New Delhi 

Amid covering-up of short positions by speculators and hopes of lower output, prices rose by Rs 30 to Rs 6,790 per quintal in futures trade today.

At the National Commodity and Derivatives Exchange, turmeric for delivery in May was up by Rs 30, or 0.44 per cent, to Rs 6,790 per quintal, with an open interest of 7,220 lots.

The April contract traded higher by Rs 26, or 0.39 per cent, to Rs 6,664 per quintal, with a business turnover of 28,760 lots.

Marketmen said covering-up of positions at prevailing levels by speculators and expectations of lower output as the area under cultivation was lower this year due to scanty rainfall during the planting season, influenced turmeric futures prices.

RECOMMENDED FOR YOU

Turmeric rises on short-covering, lower output

April, may contracts gain 0.4% each as speculators cover up positions on buzz of lower output

Amid covering-up of short positions by speculators and hopes of lower output, turmeric prices rose by Rs 30 to Rs 6,790 per quintal in futures trade today.

Amid covering-up of short positions by speculators and hopes of lower output, prices rose by Rs 30 to Rs 6,790 per quintal in futures trade today.

At the National Commodity and Derivatives Exchange, turmeric for delivery in May was up by Rs 30, or 0.44 per cent, to Rs 6,790 per quintal, with an open interest of 7,220 lots.

The April contract traded higher by Rs 26, or 0.39 per cent, to Rs 6,664 per quintal, with a business turnover of 28,760 lots.

Marketmen said covering-up of positions at prevailing levels by speculators and expectations of lower output as the area under cultivation was lower this year due to scanty rainfall during the planting season, influenced turmeric futures prices.

image

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

Widgets Magazine

More News

STOCK WATCH

Company Price() Chg(%)
Take Solutions 154.85 19.99
Vijaya Bank 34.30 15.88
Sequent Scien. 864.25 15.19
Jindal Steel 63.45 10.44
Yamini Invest 46.65 9.64
> More on BSE Gainers
Company Price() Chg(%)
Vijaya Bank 34.25 16.10
Federal-Mogul Go 339.10 12.06
Jindal Steel 63.50 10.63
Suzlon Energy 15.75 9.38
Lupin 1802.85 9.08
> More on NSE Gainers
Company Price() Chg(%)
SE Investments 181.10 -7.01
Alembic Pharma 596.55 -5.77
Crompton Greaves 126.90 -5.33
ISGEC Heavy 4484.50 -5.12
Bosch 16133.20 -4.97
> More on BSE Gainers
Company Price() Chg(%)
Alembic Pharma 593.20 -6.33
Bosch 16089.10 -5.24
Ess Dee Alumin. 165.15 -4.98
Zydus Wellness 700.00 -4.68
J B Chem & Pharm 256.95 -4.46
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price