Jeera futures dip Rs 240 on profit booking

Press Trust of India  |  New Delhi 

Jeera prices fell by Rs 240 to Rs 19,730 per in futures trade Friday amid offloading of bets by speculators to book profits.

At the National Commodity and Derivatives Exchange, Jeera for December was trading lower by Rs 240, or 1.20 per cent to Rs 19,730 per with an open interest of 5,616 lots.

Likewise, the spice for delivery in current month fell by Rs 125, or 0.64 per cent, to Rs 19,400 per in 18 lots.

Analysts said besides profit-booking by speculators, muted demand at the physical market against adequate stocks position exerted pressure on the prices.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 16 2018. 13:15 IST