CRUDE OIL FUTURES UP ON POSITIVE CUES

At the MCX, Crude oil futures for Sep 2019 contract was trading at Rs. 3772.00 per barrel, up by 0.27 %, after opening at Rs. 4030.00 per barrel, against a previous close of Rs. 4022.00 per barrel. It touched an intra-day low of Rs. 4016.00 per barrel and high of Rs. 4075.00 per barrel.

Crude oil started the day with positive note and moved in the upward direction but, it turned downward momentum in the afternoon session in domestic market. Oil prices edged lower on Tuesday on persisting concerns over demand, but optimism U.S.-China trade tensions will ease and hopes major economies will take stimulus measures to ward off a potential economic slowdown capped losses.

In domestic market, Gold future prices traded up amid weakness in the rupee against the dollar.

MCXCOMDEX opened at 3878.50 and traded up by 0.04% at 3879.20. Commodities like CPO, Cotton, Gold, Silver, Crude oil, Natural Gas were stood as top gainers, gained 0.71%, 0.43%, 0.35%, 0.32%, 0.27%, 0.13% respectively. On the other hand, Cardamom, Mentha oil , Copper, Nickel, Zinc, Aluminium, Lead futures were stood as top losers, lose by 4.00%, 0.81%, 0.56%, 0.37%, 0.35%, 0.32%, 0.26% respectively.

Benchmark indices ended lower on August 20 in the volatile trading with stocks of the public sector banks sliding the most. At Close, Sensex fell 74.48 points or 0.20% to 37328.01 level and Nifty ended at 11017.00 at a decline of 36.90 points or 0.33% on Tuesday.