The index for 'Food Articles' group declined 0.8% due to lower prices of poultry chicken (4%), masur (3%), tea, condiments & spices and jowar (2% each) and arhar, mutton and fish-inland (1% each). However, the prices of egg, gram, urad, ragi and fish-marine (2% each) and wheat and barley (1% each) moved up.
The index for 'Non-Food Articles' group declined 0.4% from the previous week level due to lower prices of flowers and raw cotton (3% each), cotton seed (2%) and raw jute, soyabean and raw silk (1% each). However, the prices of gaur seed (9%), sunflower (7%), copra (3%), fodder (2%) and gingelly seed, groundnut seed, castor seed and niger seed (1% each) moved up.
The index for 'Minerals' group rose 2.1% during the week ended 18 June from previous week level due to higher prices of chromite (12%), magnesite (11%), copper ore (7%), barytes (6%), iron ore (5%) and steatite (2%). However, the prices of zinc concentrate (19%) and sillimanite (8%) declined.
The index for fuel and power group rose 0.2% during the week from previous week level due to higher prices of aviation turbine fuel (3%), naphtha (2%) and furnace oil (1%). However, the prices of bitumen (2%) declined.
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India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.