CRUDE OIL FUTURES TRADED UP ON POSITIVE CUES

At the MCX, Crude oil futures for Aug 2019 contract was trading at Rs. 3772.00 per barrel, up by 2.06 %, after opening at Rs. 3705.00 per barrel, against a previous close of Rs. 3696.00 per barrel. It touched an intra-day low of Rs. 3696.00 per barrel and high of Rs. 3779.00 per barrel.

Oil prices inched higher on Friday supported by expectations of more OPEC production cuts despite the International Energy Agency (IEA) reporting demand growth at its lowest level since the financial crisis of 2008.

Gold is back on rising trend after Thursday's sharp fall. In global markets, spot gold prices held near the more than six-year peak, as investors sought the safety of the precious metal amid US-China trade tensions.

MCXCOMDEX opened at 3792.76 and traded up by 0.67% at 3813.29. Commodities like Cardamom, Crude oil, Mentha oil, CPO, Silver, Gold, Aluminium, Copper were stood as top gainers, gained 4.00%, 2.06%, 1.77%, 1.67%, 0.58%, 0.50%, 0.25%, 0.20% respectively. On the other hand, Zinc, Natural Gas, Lead, Cotton, Nickel futures were stood as top losers, lose by 0.81%, 0.73%, 0.51%, 0.20%, 0.12% respectively.

Equity benchmarks Sensex and Nifty logged healthy gains for the second consecutive day on Friday as hopes of a possible capital market booster package from the government helped lift investor sentiment. At Close, Sensex had risen 254.55 points to 37581.91 level and Nifty ended at 11109.65 at a rise of 77.20 points on Friday.