At the MCX, Crude oil futures for Oct 2019 contract was trading at Rs. 4135.00 per barrel, down by 0.39 %, after opening at Rs. 4080.00 per barrel, against a previous close of Rs. 4083.00 per barrel. It touched an intra-day low of Rs. 4004.00 per barrel and high of Rs. 4080.00 per barrel.
Oil prices fell on Wednesday for a second day on worries that fuel demand could fall after US President Donald Trump doused recent optimism over China-US trade talks and reignited concerns about global economic growth.
Gold prices rebounded after a weak opening in the futures trade on September 25, continuing the up move further on increased buying for safe-haven assets ahead of the festival demand.
MCXCOMDEX opened flat at 3965.83 and traded down by 0.31% at 3953.10 over previous close at 3965.44. Commodities like Cardamom, Cotton, CPO, Silver, Gold were stood as top gainers, gained 4.00%, 0.67%, 0.44%, 0.21%, 0.07% respectively. On the other hand, Crude oil, Zinc, Aluminium, Copper, Mentha oil, Nickel, Lead futures were stood as top losers, lose by 1.45%, 0.49%, 0.47%, 0.41%, 0.25%, 0.10%, 0.03% respectively.
Political uncertainty in the US, across-the-board selling and signal of an Asia wide slowdown from the Asian Development Bank weighed on the domestic equity market on Wednesday. At close, Sensex lose 503.62 points or 1.29% to settle at 38593.52 while Nifty slipped 148.00 points or 1.28% to settle at 11440.20 levels.