· Firmness in International markets kept initial trend up for Oil complex in Indian markets also. Most agri commodities showed moderate recovery after the recent fall.
· However, reports of rains in North-West and Central India kept pressure on the market sentiments by end of the day as rains in July would be beneficial for the kharif crop sowing.
· Spices look to find strong support at these levels though. Chana, Guar, Oil complex trend would however continue to depend a lot on how Monsoon rains occur this month.