Saturday, July 10, 2010



Trade volume drops on MCX-SX

MCX-SX on Friday traded 22,22,659 USD-INR currency futures with a total value amounted to Rs.10416.66 crore.In euro futures, a total of 2,47,541 were traded Friday with July contract accounted for 2,30,193 while August contract traded 17,326 volumes with an RBI reference rate of Rs 59.3600. Total trade value for the day was Rs 1471.35 crore.Best buying price was recorded for September contract at 59.5500 while lowest selling price was recorded for July contract at Rs 59.2200.Best selling price was recorded for September contract at Rs 59.6475 while the lowest selling price was recorded for July contract at Rs 59.2450.


Copper on a high

Copper is set to scale new heights with a fall in inventories inevitable in the coming days.
Copper traded Rs 1.95, or 0.62 per cent, higher in futures trading this week after its stockpiles, monitored by the London Metal Exchange, declined to a seven-month low, indicating rise in demand.

Steel prices may fall by Rs 1,000/tn in July

India’s domestic steel prices may come down by Rs 1,000 a tonne in July due to sluggish demand mainly from the construction and infrastructure space.

Steel firms have seen prices coming down by up to Rs 6,000 a tonne to around Rs 27,000-33,000 a tonne in past few months as construction work slowed down ahead of monsoon.

Rupee ends higher at 46.76 a dollar

Indian rupee ended higher against the dollar on Friday mainly on weak dollar overseas and gains in domestic shares.At close, the partially convertible rupee was at 46.76 per dollar from Thursday’s close of 46.88 per dollar

No comments:

Real Time Analytics