Tuesday, 15 May 2012

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Many brokers report the name of guar scandal unfolded. Rs 1.26 crore to take margin money from the brokers were fined. Karvy Comtrade over 29 lakh, Rs 25.78 lakh on charity, Commodities, Angel Commodities Nikhil commodities to over 7 lakh and Rs 5.25 lakh has been fined.

Also at Kotak Commodities, Futures and Commodities Arihant at 4.81 lakh and Rs 1.24 lakh has been fined.

Slowness to start off with mild gains in gold and silver are getting. With 0.1 per cent on MCX gold is trading around Rs 29 230. The silver and 0.25 per cent to Rs 55 265 is reached. Although there has been a decline in crude oil and its price has been arrived at Rs 5520.

Base metals remain up in the morning. MCX to see the strength of the base metals is 0.5 per cent. With 0.5 per cent copper is trading at Rs 446.50.

2.5 per cent in the September futures on free ncdex tips potato has been strong and prices have risen to Rs 1410. Turmeric is the July futures jumped 0.5 per cent and is trading at Rs 3930. Barley on the NCDEX declined by 3.5 per cent in the August futures. Cotton is seeing weakness in 3 per cent. Mustard also has 2.5 per cent fall to Rs 3930.

Parliamentary Standing Committee that the problem is examined in commodity futures regulator Forward Markets Commission just does not matter. Standing Committee advised the FMC that she was in commodities trading transferred to the CBI to investigate disturbances.

Parliamentary Standing Committee on the rigging of traders neither serious nor FMC FMC or traders have no fear of penalty. Parliamentary committee that the CBI is investigating the rigging of the perpetrators will be punished. Commodity exchanges in the country in heavy rigging and release FMC's efforts to contain it have failed.

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