OIL FALL AMID DROP IN US INVENTORIES, WEAK ECONOMIC DATA

At the MCX, Crude oil futures for Oct 2019 contract was trading at Rs. 3732.00 per barrel, down by 2.10 %, after opening at Rs. 3780.00 per barrel, against a previous close of Rs. 3812.00 per barrel. It touched an intra-day low of Rs. 3722.00 per barrel and high of Rs. 3780.00 per barrel.

Oil slipped on Thursday, pressured by concerns about global economic growth, oil demand and signs of excess supply despite OPEC-led cuts.

Gold prices in India rose sharply today amid a rebound in the rates of the yellow metal in global markets. Tracking gold, silver also jumped.

MCXCOMDEX opened flat at 3854.84 and traded down by 0.20% at 3845.82 over previous close at 3853.61. Commodities like Cardamom, Silver, Gold, Cotton, Nickel, were stood as top gainers, gained 3.59%, 1.25%,0.96%, 0.82%, 0.77% respectively. On the other hand, Mentha oil, Crude oil, Aluminium, Copper, Zinc, Natural Gas, CPO futures were stood as top losers, lose by 2.66%, 2.10%, 1.47%, 0.87%, 0.80%, 0.55%, 0.27% respectively. Lead future traded on flat in evening trading session.

Indian stocks markets fell today, extending losses to the fourth day in a row. Weak global cues, selling in index heavyweights such as HDFC twins, Infosys, and Axis Bank and cautiousness ahead of the release of RBI monetary policy due Friday weighed on the investor sentiment on Thursday. S&P BSE index closed at 38,106.87, down 198.54 points or 0.52 per cent while Nifty index shed 45.90 points or 0.40 per cent to end at 11,314.00.