Wheat dara looked up by Rs 2 at Rs 707-712 a quintal as arrivals remained restricted due to holidays. However, in Diwali Mahurat trading, 11,000 bags of wheat were traded at Rs 710-711 a quintal and 240-250 lorries of roller flour mill atta, maida and suji were procured by local as well as upcountry parties in Diwali Mahurat trading at Rs 691, Rs 755 and Rs 795 per bag, respectively. Similarly, in Diwali Mahurat trading, 50-55 lorries of bran, urad and gram were traded at Rs 311, Rs 2001 and Rs 1398.11-1401 a quintal, respectively.

Rajmash chitra flared up from Rs 1650-1800 to Rs 1700-1881 a quintal and red rajmash shot up from Rs 1450-1500 to Rs 1500-1661 a quintal on firm Pune advices coupled with speculative buying. Mahurat deals in rajmash chitra were also settle.

Edible oils improve
Palmolein in Malaysia remained subdued at $347 a tonne. However, groundnut, mustard and cottonseed milldelivery oils, in edible section, improved by Rs 20-50 a quintal due to restricted supply from the producing areas because of holidays. Palmolein in Mumbai touched a low level of Rs 1980 a quintal. Output of indigenous edible oils was reported to be falling due to weak demand. Diwali Mahurat trading in industrial oils remained lack-lustre. However, mustard, cottonseed and sesame expeller cakes recorded a sharp rise as arrivals from the mills remained sluggish.

Gur falls
Business on Tuesday remained sluggish. However, in Diwali Mahurat trading, deals for about 40-50,000 bags of sugar were settled by local as well as UP, Haryana and Punjab parties.

Mawana sugar was traded at Rs 1592, Douralla at Rs 1466, Gajroula at Rs 1365, Bagpat at Rs 1425, Nadhai at Rs 1400 and tax-paid Sehora at Rs 1484 a quintal.

Gur fell by Rs 50 at Rs 950-1000 a quintal due to dull demand . Zeera spurtsZeera Ganesh, at the local market flared up by Rs 200 a quintal as there were no arrivals. Gujarat mandies were closed for aweek on account of festival holidays.

Among dry fruits, Indian kishmish drifted lower by Rs 300-500 per 40 kg as arrivals are expected to pick-up after Diwali holidays. Copra and chilgoza showed a declining tendency.

Silver coins tumble
Both the precious metals, at the local bullion market suffered losses on Tuesday due to lack-lustre trading.

Scattered Mahurat deals in spot silver .999 fineness were settled at Rs 7800 a kg. New York silver future fell from 519 cents to 507 cents an ounce, as a result, spot silver .999 fineness fell from Rs 7800 to Rs 7760 a kg and silver weekly delivery, on unloading by the bulls, plummeted from Rs 7810 to Rs 7770 a kg.

Silver coins tumbled down by Rs 100-200 at Rs 11,100-11,200 per 100 pieces.In Diwali Mahurat trading, gold was quoted at Rs 4485 per 10 gram, but according to a few traders, initial deals were settled at Rs 4525, but later, gold on the overseas markets, fell from $292 to $288 an ounce, which further subdued the market sentiment. Gold was quoted at$291 an ounce, gold biscuit and standard mint gold slipped by Rs 5 at Rs 4525 and Rs 4535 per 10 gram, respectively.

Mentha oil up
Mentha oil went up from Rs 468 to Rs 478 per kg on local buying coupled with slack arrivals for last three days due to festivals. Menthol flake and bold improved by Rs 5 to Rs 640 and Rs 700 per kg. This year, there was no Diwali Mahurat trading as already the traders had suffered losses in menthol trading.

Non-ferrous metals easy
Non-ferrous metals were easy and trading dull in the local market. Diwali Mahurat trading was down by 50 per cent compared to last year. Copper wire scrap was sold around 200-230 tonne for the Mahurat and prices settled at Rs 107.01-107.21 per kg. Brass accessories and chadripital were quoted at Rs 76.51 and Rs 80.01 per kg with around 50 tonne deals made.

In aluminium wire scrap, around 50 tonne trading was done and prices quoted Rs 80.01 per kg. Tin ingot trading was about 5 tonne and prices in the range of Rs 360.50-366.51 per kg.