Tuesday, July 5, 2011

Zinc Futures Down 0.56 pc

Zinc futures fell by 0.56 per cent today as traders indulged in reducing their positions, tracking a weakening trend in base metals overseas.

Subdued demand from consuming industries in the spot market also put some pressure on zinc futures prices.

At the Multi Commodity Exchange, zinc for delivery in July fell by 60 paise, or 0.56 per cent, to Rs 106.20 per kg, with a business turnover of 717 lots.

The metal for delivery in August also fell by the same margin to Rs 106.70 per kg, with a trade turnover of 48 lots.

Analysts said a weakening trend in base metals at the London Metal Exchange (LME) and sluggish demand in the spot markets led to the fall in zinc futures prices.



Caribbean trip on a high in third Test



Out of form young batsmen seem to be India''s only concern as they aim to sign off their Caribbean sojourn on a high by clinching the third and final cricket Test against the West Indies, starting here tomorrow.

The Indians, leading the three-match series 1-0, may have to make some changes to their batting line-up on a Windsor Park track which is expected to offer pace and bounce. Indian skipper Mahendra Singh Dhoni has ensured a continuation of his unbeaten record in a Test series but he would have to take a call if Murali Vijay and Virat Kohli are to get yet another chance after their disastrous outings so far in the Caribbean.

The two already have the writing on the wall as they haven''t been picked for the series against England, starting in mid-July.

While Vijay has hurt his position with an aggregate of 22 runs (5.50 avg) from the four innings of two matches, Kohli has done no better than 46 runs (11.50) and is only now realising the vast chasm between a limited overs and a longer format game.

Vijay''s nemesis has been Ravi Rampaul who has got him in all the four innings while Kohli has found Fidel Edwards too hot to handle, having been dismissed by the Barbadian in three of the four innings he has batted.

India needs their replacement as the West Indies'' new ball bowlers have had the complete measure of these two young batsmen.