CRUDE OIL FUTURES UP ON POSITIVE DOMESTIC CUES

At the MCX, Crude oil futures for Oct 2019 contract was trading at Rs. 3881.00 per barrel, up by 2.00 %, after opening at Rs. 3822.00 per barrel, against a previous close of Rs. 3805.00 per barrel. It touched an intra-day low of Rs. 3822.00 per barrel and high of Rs. 3890.00 per barrel.

Oil prices rose on Friday as concern over an economic slowdown in China, the world's biggest oil consumer, was countered by bullish signals from both the Chinese and U.S. refining sectors. In domestic market, Crude oil prices climbed above 2 % as speculators created fresh positions on spot demand.

Gold prices fell in the domestic futures trade on today as rise in riskier equities dented the appeal of gold as a safe-haven asset.

MCXCOMDEX opened positive note at 3850.53 and traded up by 0.41% at 3860.08 over previous close at 3844.42. Commodities like Crude oil, CPO, Nickel, Cotton, Zinc, Copper, Lead were stood as top gainers, gained 2.00%, 0.40%, 0.37%, 0.36%, 0.30%, 0.23%, 0.19% respectively. On the other hand, Cardamom, Silver, Mentha oil, Gold, Natural Gas, futures were stood as top losers, lose by 14.00%, 0.82%, 0.72%, 0.48%, 0.12% respectively. Aluminium traded on flat note in evening session.

India's stock markets ended the week on a strong note, extending rally to the sixth day. At close, The BSE Sensex surged 246.32 points, or 0.63 percent, to settle at 39298.38. The Nifty50 rose 75.50 points, or 0.65 percent, at 11661.85 today. Apart from hopes of an economic recovery over next few quarters, positive global sentiment has also lifted Indian market.