The benchmark BSE Sensex surged over 150 points on Wednesday on a buying build-up by participants, tracking a global rally. Moreover, short-covering of positions by speculators in view of tomorrow’s June monthly derivatives contract expiry contributed to the surge.
Gold Silver Reports — Global economic and political instability (including geopolitical tension) has prompted investors to resort to safe haven assets in 2016, with bullion being the most preferred investment instrument this year.
Gold Silver Reports — Natural gas on MCX settled up 1.05% at 163.70 rose to a new five-month high Monday as warming weather forecasts keep stoking expectations for rising demand.
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Turmeric futures (June) is likely to consolidate in the range of 7900-8000 levels. The price of the turmeric further decreased on Tuesday. Finger turmeric decreased by Rs.600 a quintal and the root variety by Rs.350 a quintal in the Erode Turmeric Merchants Association Sales yard. Also, in the Regulated Market Committee, finger turmeric decreased by Rs.600 aquintal and the root variety by Rs.400 a quintal. In other markets also, both varieties decreased by Rs.600 a quintal. At the Erode Turmeric Merchants Association Sales yard,finger turmeric sold at Rs.7,455 to Rs.8,609 a quintal and root variety at Rs.7,099 to Rs.8,099 a quintal.
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