• Commodities market likely to seek direction this week

  January 4, 2010 09:58:07

  The markets witnessed a lower-turnover week along expected lines as the year end impacted trader activity negatively. The MCX recorded a 19% decline in week-on-week turnover and the market-wide open interest rose 5%. The turnover gainers were cardamom, crude palm oil, heating oil, lead, potato and refined soya oil. The open interest gainers were cardamom, chana, crude oil, potato, silver and soybeans. Trader activity was seen persisting on industrials. The US non-strategic crude inventories fell... Be First to give comment

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