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DAILY EQUITY REPORT January, 09 2018

Today in domestic commodity market, three of the four indices opened on positive notes. MCXCOMDEX opened on marginally positive note at 3555.00, up by 0.10 per cent than its previous closed at 3551.12 while METAL index was opened on flat positive note at 5095.86 on today after closed at 5095.20 on yesterday. ENERGY index opened on marginally positive note, with an increase of 0.36 per cent at 2759.56 where as AGRI index opened on flat negative note at 2774.47, down by 0.07 per cent from its previous closed at 2776.48. India's Multi commodity exchange has recorded turnover of Rs. 1951669.10 Lacs on 8th Jan 2018.

After moving to the upside in the previous trading session, ENERGY index remains mostly positive in the morning trading on today. Both NATURALGAS and CRUDEOIL futures were trading on positive notes. NATURALGAS Jan contract stood as the top performer in domestic commodity market which was trading up by 1.34 per cent to Rs. 181.60 per mmBtu and CRUDEOIL Jan future was trading up by 1.00 per cent to Rs. 3945.00 per BBL after a rise of 0.51 per cent on yesterday's closing price. Crude oil prices gained on today with sentiment upbeat on continued OPEC-led supply curb compliance and as investors awaited weekly industry estimates of US inventories.

METAL index was opened on flat positive note in the morning trading session which Most of the Base Metals were trading on positive notes and Precious metals were trading on mixed notes. Under Base Metals commodities like, ALUMINIUM, COPPER, NICKEL future were trading on positive notes while ZINC and GOLD were trading on negative notes. ALUMINIUM Jan future was trading on marginally positive note at Rs. 138.10 per kg, up by 0.25 per cent after a decline of 0.97 per cent on last closing price and COPPER Feb future was trading on marginally positive note at Rs. 454.60 per kg, up by 0.17 per cent. NICKEL Jan future was trading up by 0.16 per cent to Rs. 733.50 per kg after a rise of 0.54 per cent on yesterday's closing price. ZINC was trading on flat negative note at Rs.215.95 per kg; down by 0.02 per cent and LEAD Jan future was trading on marginally negative note at Rs. 165.15 per kg, down by 0.12 per cent and stood as top loser in this index.

Under Precious Metals, GOLD Feb future was trading on flat negative notes at Rs. 29525.00 per 10 gm while SILVER Mar future was trading on positive note at Rs. 39108.00 per kg, up by 0.17 per cent in the morning trading session. Gold prices fell slightly on today even as a weaker dollar offered some support and Japan wages data showed a surprise upside.

Under AGRI index commodities like, CARDAMOM, CPO and COTTON were trading on positive notes while MENTHAOIL was trading on negative notes. CARDAMOM Feb future was trading on high positive note at Rs. 1112.00 per kg, up by 1.00 per cent from its yesterday closing price. CPO was trading on marginally positive note at Rs. 563.50 per 10 kg, up by 0.30 per cent and COTTON Jan future was trading on positive note, with an increase of 0.25 per cent to Rs. 20210.00 per bales. MENTHAOIL Jan future stood and the top loser in this index which was trading lower by 0.47 per cent to Rs. 1636.00 per kg .

Subhashree Swain
Analyst

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