Wednesday 25 February 2015

Budget day commodity markets open : FMC



Forward Markets Commission (FMC), the commodity exchanges Budget day (Saturday) from 10 am to 5 pm the business is approved. Exchange of commodity exchanges in the country to open on Saturday sought approval from the Commission. Closed on Saturday and Sunday is usually a commodity exchange. February 28 (Saturday), 2015-16 (April-March) will be presented to the general budget.

FMC Chairman Ramesh Abhishek said Saturday (28 February), the Commodity Exchange will be open for 7 hours. Earlier, the capital market regulator Securities and Exchange Board of India (SEBI) on Saturday ordered the stock market open.

According to experts, the budget proposes to amend the government's duty to bring the price of the bullion and crude oil futures will see large fluctuations . Agri Commodity Traders expect that the government levied on import of pulses can change the duty . Some relaxation in the advance authorization scheme are expected to announce the business . Finance Minister Arun Jaitley to support domestic oil refinery import duty levied on refined edible oils may increase .

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  2. in today Noon market The hike in freight rates on commodities weighed on Coal India, metal and cement companies. Coal India was down 1.6%, Hindalco, Tata Steel, Sesa Sterlite 1-2.7% each.
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