Copper prices advanced on Tuesday after receding to lower levels in two back to back previous sessions. Crude prices continued their decline on Tuesday on fears that the ongoing euro zone debt problems may spread.
Copper for three-month delivery on the LME gained $81, to end at $9,651 a tonne.
Brent oil for August delivery on the LME settlement fell 50 cents, or 0.4 percent, to $117.25 a barrel on the ICE.
Pepper futures trade marginally higher on Wednesday.
- The contract of Pepper for July delivery was trading at Rs 26950.00, up by 0.19% or Rs 51.00 from its previous closing of Rs 26899.00. The open interest of the contract stood at 5584 lots.
- The contract of Pepper for August delivery was trading at Rs 27529.00, up by 0.48% or Rs 131.00 from its previous closing of Rs 27398.00. The open interest of the contract stood at 5574.00 lots on NCDEX.
Chana futures are trading mixed.
- The contract of Chana for July delivery was trading at Rs 2873.00, up by 0.14% or Rs 4.00 from its previous closing of Rs 2869.00. The open interest of the contract stood at 56340 lots.
- The contract of Chana for August delivery was trading at Rs 2954.00, down by 0.03% or Rs 1.00 from its previous closing of Rs 2955.00. The open interest of the contract stood at 289490 lots on NCDEX.
