OIL RISES ON SIGNS OF EASING U.S.-CHINA TENSIONS

At the MCX, Crude oil futures for Oct 2019 contract was trading at Rs. 3774.00 per barrel, up by 0.77 %, after opening at Rs. 3736.00 per barrel, against a previous close of Rs. 3745.00 per barrel. It touched an intra-day low of Rs. 3727.00 per barrel and high of Rs. 3792.00 per barrel.

Crude oil traded down in morning session amid subdued spot demand but rose in evening session following media reports that China was open to agreeing a partial trade deal with the United States, while unrest in OPEC members Iraq and Ecuador also supported prices.

Gold erased all gains and traded with losses in futures trade on today as a sharp rise in riskier equities dented the appeal of safe-haven assets.

MCXCOMDEX opened flat at 3862.08 and traded up by 0.19% at 3868.83 over previous close at 3861.66. Commodities like Crude oil, CPO, Mentha oil, Natural Gas, Nickel, Silver were stood as top gainers, gained 0.77%,0.55%, 0.48%, 0.43%, 0.34%, 0.32% respectively. On the other hand, Cotton, Aluminium, Lead, Copper, Zinc, Gold futures were stood as top losers, lose by 0.56%, 0.48%, 0.26%, 0.18%, 0.11%,0.09% respectively.

Snapping their six-day losing streak, the benchmark indices staged a smart comeback on Wednesday to end nearly 2 per cent higher, led by heavy buying in banking stocks. At close, Sensex gained 645.97 points or 1.72% to settle at 38177.95 while Nifty rose 186.90 points or 1.68% to settle at 11313.30 levels.