Call Us :+(91 674) 6956001/02/03
News
OIL PRICES RISE ON DROP IN U.S. CRUDE INVENTORIES

At the MCX, Crude oil futures for Sep 2019 contract was trading at Rs. 4001.00 per barrel, up by 2.33%, after opening at Rs. 3938.00 per barrel, against a previous close of Rs. 3910.00 per barrel. It touched an intra-day low of Rs. 3938.00 per barrel and high of Rs. 4018.00 per barrel.

Oil prices rose on Wednesday after industry data showing a fall in stockpiles of U.S. crude somewhat eased worries about subdued demand due to the China-U.S. trade war.

Gold futures traded lower in morning trading session due to profit-booking by participants in tandem with precious metal prices slipping overseas. But, it turned into positive note and break out the past record, to close nearly at Rs. 40000 per 10 gm. Silver price also traded higher on today.

MCXCOMDEX opened at 3882.87 and traded up by 0.97% at 3922.96. Commodities like Cardamom, Crude oil , Silver, Nickel, Gold, Mentha oil, CPO, Copper, Zinc, Lead, Aluminium were stood as top gainers, gained 4.00%, 2.33%, 1.45%, 1.44%, 0.48%, 0.40%, 0.34%, 0.30%, 0.19%, 0.16%, 0.07% respectively. On the other hand, Natural Gas, Cotton futures were stood as top losers, lose by 1.50%, 0.86% respectively.

The Domestic Equity Market snapped its three-day winning streak to close sharply lower on August 28, a day ahead of the expiry of August derivative contracts. The fear of global recession amid trade tensions and a likely drop in Q1 domestic GDP growth dented market sentiment. At Close, Nifty down 59.25 points or 0.53% to 11046.10 level and Sensex ended at 37451.84 at a decline of 189.43 points or 0.50%.



Scroll to Top