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CRUDE OIL FUTURE ROSE 0.63 % ON POSITIVE CUES

At the MCX, Crude oil futures for Jul 2019 contract was trading at Rs. 4018.00 per barrel, up by 0.63 %, after opening at Rs. 3991.00 per barrel, against a previous close of Rs. 3993.00 per barrel. It touched an intra-day low of Rs. 3972.00 per barrel and high of Rs. 4045.00 per barrel.

Oil opened lower on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East.

Gold prices climbed in futures trade on Tuesday, taking support from positive global sentiment, while softer rupee and a volatile equity market boosted the appeal of gold as a safe-haven asset. An uptick in demand by jewelers at the spot market, too , pushed gold prices higher.

MCXCOMDEX opened with negative note at 3671.03 and traded up by 0.44% at 3669.78. Commodities like Cardamom, Zinc, Nickel, Gold, Copper, Crude oil, Aluminium, Silver were stood as top gainers, gained by 1.92%, 1.09%, 0.90%, 0.87%, 0.86%, 0.63%, 0.24%, 0.23% respectively. On the other hand, Mentha oil, Natural Gas, CPO, Cotton, Lead futures were stood as top losers, lose by 1.01%, 0.50%, 0.47%, 0.47%, 0.06% respectively.

At close, the Sensex was up 311.98 points at 39,434.94, while Nifty was up 96.80 points 11,796.50 amid positive cues in domestic market.



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