Sensex 28260.14 302.65 1.08%
Nifty 8586.25 95.25 1.12%
Refined Soya oil futures are likely to slump further on the back of weak global cues. The NCDEX RSO most active January contract ended the last day at Rs 711.80, down Rs 2.50 or 0.35% from last close.
The CBOT January Soybeans finished the last session down 19 at 1472 ¼ cents per bushel and January Soybean Oil finished down 0.07 at 51.13 cents per pound.
Refined Soya Oil drifted lower from the recent high of Rs 725.50 per 10 kg on short selling. Technically, the counter is likely to find resistance at Rs 714 and Rs 720 while supports are at Rs 709 and Rs 699 per 10 kg.
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India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.