Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Jeera futures prices decline 0.34% on sluggish demand

Nov 20 2012, 12:21 IST
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SummaryJeera prices declined by Rs 50 to Rs 14,770 per quintal in futures trading today.

Jeera prices declined by Rs 50 to Rs 14,770 per quintal in futures trading today as traders reduced their positions, tracking a weak trend at spot market on sluggish demand.

At the National Commodity and Derivatives Exchange, jeera for delivery in December declined by Rs 50, or 0.34 per cent, to Rs 14,770 per quintal with an open interest of 17,322 lots.

Likewise, the spice for delivery in the March contract lost Rs 27.50, or 0.18 per cent, to Rs 15,530 per quintal in 4,239 lots.

Analysts attributed the fall in jeera prices at futures trade to trimming of positions by on the back of sluggish demand in the spot market mainly influenced jeera futures.

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