Turmeric hits 4.0pc upper circuit
Monday, 4 January 2010
MUMBAI, Jan 03 (moneycontrol.com): Spices ended the session with smart profit as on National Commodity and Derivatives Exchange (NCDEX) Thursday. Turmeric and cumin seed futures extending morning session's gains marked significant profit towards the end with turmeric futures breaching four per cent upper circuit. Red chilli on the hand closed bearish.
Turmeric displayed sharp uppish movement towards the end to breach secondary 4 per cent upper circuit. April contract surged Rs 291 at Rs 7,689 a quintal. It hit the intra-day high and low of Rs 7,694 and Rs 7,420 a quintal respectively. May contract soared up Rs 283 at Rs 7,680 a quintal and traded in the range of Rs 7,693- 7,414 a quintal. Volumes in the April and May contracts stood at 16,710 and 340 tons respectively.
January contract gained Rs 25 at Rs 14,255 a quintal and fluctuated between Rs 14,345- 14,203 a quintal. February contract moved up Rs 34 Rs 14,510 a quintal and traded in the range of Rs 14,593- 14,440 a quintal. Volumes in January and February contracts recorded 1,637 and 723 tons respectively.
Turmeric displayed sharp uppish movement towards the end to breach secondary 4 per cent upper circuit. April contract surged Rs 291 at Rs 7,689 a quintal. It hit the intra-day high and low of Rs 7,694 and Rs 7,420 a quintal respectively. May contract soared up Rs 283 at Rs 7,680 a quintal and traded in the range of Rs 7,693- 7,414 a quintal. Volumes in the April and May contracts stood at 16,710 and 340 tons respectively.
January contract gained Rs 25 at Rs 14,255 a quintal and fluctuated between Rs 14,345- 14,203 a quintal. February contract moved up Rs 34 Rs 14,510 a quintal and traded in the range of Rs 14,593- 14,440 a quintal. Volumes in January and February contracts recorded 1,637 and 723 tons respectively.