Sensex 27564.66 33.25 (0.12%)27-May-15 16:00
Nifty 8334.6 -4.75 (-0.06%)27-May-15 00:00
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.
Powered by Commodity Insights
India Infoline Research Team / 14:59, May 20, 2015
GPIL reported 13.5% yoy decline in operating profit as the impact of higher volumes was offset by lower product prices