Crude oil futures plunged in the overseas market 6 April 2015 Reports


Posted April 6, 2015 by amitsharma635862

Crude oil futures plunged in the domestic and overseas market on Thursday after Iran and six global powers reached an accord over a landmark nuclear deal that could ease Western sanctions against the Islamic nation.

 
Crude oil futures plunged in the domestic and overseas market on Thursday after Iran and six global powers reached an accord over a landmark nuclear deal that could ease Western sanctions against the Islamic nation, boosting Iran’s crude oil exports, exacerbating a global oil over supply.
At MCX, Crude oil futures, for the April 2015 contract, ended at Rs 3,017 per barrel, downward by 1.15 %, after opening at Rs 3,125, against the last close price of Rs 3,152. It touched an intraday low of Rs 2,999 till the ending.
Gold futures ended lower in the domestic market on Thursday as investors and speculators exited positions in the precious metal as Iran and the West negotiated a nuclear accord that paves way for lifting economic and financial sanctions against the Islamic nation, easing geopolitical concerns, curbing the lure for safe haven assets.
At MCX, Gold futures for June 2015 contract ended at Rs 26,597 per 10 gram, downward by 0.46 % after opening at Rs 26,728, against the last ending price of Rs 26,719. It touched the intra-day low of Rs 26,500 till the ending.
Chana prices ended higher 1.83 % on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the traders enlarged their holdings in the commodity on account of the good demand in the market. At the NCDEX, chana futures for April 2015 contract ended at Rs. 3,675 per quintal, up by 1.83 %, after opening at Rs. 3,602 against the last ending price of Rs. 3,609. It touched the intra-day maximum of Rs. 3,679.
Mustard seed prices ended higher by 1.38 % on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the decline in the supply for the commodity in the major markets. At the NCDEX, mustard seed futures for April 2015 contract ended at Rs. 3,454 per quintal, up by 1.38 %, after opening at Rs. 3,415 against the last ending price of Rs. 3,407. It touched the intra-day high of Rs. 3,462.

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Last Updated April 6, 2015