NCDEX Turmeric Prices Declined from Higher levels on Profit Booking

At NCDEX, platform Turmeric futures traded on a mixed note due to the uncertainty prevailed in the market. It traded up side most part of the day but in the last trading session turmeric prices declined on profit booking at higher levels.

Prices declined up to RS. 8080 per quintal and trade ended the day at RS. 8100 per quintal which approx 1.27% down against its previous closing. Sell on high is recommended for the today’s trading session.

The BSE index fell 22 points, NSE Nifty Closed at 7424

The market today is the day of expiry of the January series has traded in a narrow range throughout the day. The market showed moderate declines and rapidly swinging between. By the end mid- market businesses, with small-cap and large-cap business has seen a decline in all three. Midcap stocks fell the most by 0.3 percent.

At the end of trading on the BSE 30-share Sensex index fell 22.82 points, or 0.09 per cent, at the level of 24 469 businesses have closed. The NSE 50-share Nifty index fell 13.10 points, or 0.18 percent to close at 7424 levels.

Moneymaker Research by MCX Crude Updates

Crude oil declined strongly. International market prices have slipped nearly 2 percent. Several members of OPEC crude production increased investment and 20 percent since last week based on a 5 percent drop in prices this week. After sliding nearly 3 percent of the price in the international market now seems recover. Although the pressure is still intact.

Support domestic prices is the weak rupee. The American Petroleum Institute reported yesterday occurred, which stated that the reserves million barrels of crude has increased over. The US Energy Department report today will as well as two days after the meeting of the Federal Reserve will release its statement, the US interest rates could be clear about something.