Jeera futures trade higher on pickup in demand
Jeera futures traded higher on NCDEX as speculators created fresh positions, driven by a pickup in demand from stockists and overseas inquiries. Besides, tight stock position following restricted arrivals from growing regions fuelled the uptrend. The contract for May delivery was trading at Rs 16900.00, up by 0.15% or Rs 25.00 from its previous closing of Rs 16875.00. The open interest of the contract stood at 3252 lots. The contract for June delivery was trading at Rs 17070.00, gain by 0.12% or Rs 20.00 from its previous closing of Rs 17050.00. The open interest of the contract stood at 5496 lots on NCDEX.
Copper futures end higher despite trade dispute concerns
Copper futures ended higher on Monday, despite the escalation of a trade dispute between the United States and China revived concerns of a demand slowdown in China, the world’s top metals consumer. The London Metal Exchange was closed for a bank holiday on Monday. Copper futures for July delivery gained 0.4 percent to settle at $2.830 a pound on the Comex metals division of New York Mercantile Exchange.
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