· Moderate corrections seen for most Agri counters led by Chana The Cabinet has approved extension of the time limit regulating trade in pulses, edible oils and edible oilseeds till September 30, 2016. Export of pulses has been banned and import duty on the same has been brought down to zero and the same has been extended for next 1 year. However the impact seems to be limited as a rise in demand in coming weeks amidst falling stocks could limit the downtrend.
· Spices too fail to recover strongly as profit booking at the higher levels brought some dips to the prices that had risen a lot earlier.
· Guar too traded slight weak as high volatility was noted in this sector. Oil complex failed to take any clear direction even as Festive season demand in coming days are supporting the prices.