MUMBAI, Aug 4 (Reuters) - Indian jeera futures opened down on Tuesday on profit-taking after prices rose over 3 percent in the previous session, analysts said.
At 10.30 a.m., benchmark September jeera NJEU9 was down 0.44 percent at 12,320 rupees per 100 kg.
Prices rose on Monday as internal and anticipated export demand buoyed sentiment, analysts added.
However, the rise in prices is expected to be short-lived as exports, which continue to remain negligible, will weigh on prices, analysts said.
PEPPER:
India pepper futures traded steady in early session as rising international prices and a supply crunch in the spot market supported investor sentiment but early profit-booking weighed on prices, analysts said.
At 10.36 a.m., benchmark September pepper NPEU9 was down 0.15 percent at 13,848 rupees per 100 kg.
Profit-taking kicked in after prices rose close to 3 percent in the previous session.
Prices, however, are expected to move up during the day as domestic demand remains firm on the back of low stocks in the country and a revival in export orders , analysts said.
Source : REUTERS