CRUDE OIL PRICES UP ON FIRM GLOBAL CUES

At the MCX, Crude oil futures for Aug 2019 contract was trading at Rs. 3854.00 per barrel, up by 1.69 %, after opening at Rs. 3810.00 per barrel, against a previous close of Rs. 3790.00 per barrel. It touched an intra-day low of Rs. 3805.00 per barrel and high of Rs. 3874.00 per barrel.

Crude oil traded with gains after global oil prices rose more than 2 per cent, rebounding from their biggest falls in years after the US President Donald Trump imposed more tariffs on Chinese imports.

Gold prices jumped in futures trade on Friday as investors rushed to raise position in safe-haven metal as the selloff in equities continued, while rupee's slide against the US dollar further boosted the yellow metal.

Rising demand and a plunge in output drive cardamom prices. Cardamom Aug future stood as the top gainer on today’s trading session while Cotton Aug Future was the top loser on today’s trading session.

MCXCOMDEX opened at 3700.34 and traded up by 0.48% at 3719.35. Commodities like Cardamom, Crude oil, Mentha oil, Gold, CPO, Aluminium, Silver were stood as top gainers, gained 4.00%, 1.69%, 1.03%, 0.92%, 0.62%, 0.58%, 0.34% respectively. On the other hand, Cotton, Natural Gas, Lead, Zinc, Copper, Nickel futures were stood as top losers, lose by 1.85%, 1.83%, 0.49%, 0.47%, 0.41%, 0.27% respectively.

Sensex and Nifty reversed early losses to end in the positive notes in a volatile trading session on Friday as media reports suggested that Finance Ministry and PMO held discussions over suggestions and submissions by foreign portfolio investors regarding the surcharge issue. The Sensex closed 99.90 points or 0.27%, higher at 37118.22, while Nifty ended up 17.35 points or 0.16% at 10997.35.