CRUDE OIL FUTURES DECLINE ON GLOBAL CUES

At the MCX, Crude oil futures for Sep 2019 contract was trading at Rs. 3990.00 per barrel, down by 2.49 %, after opening at Rs. 4073.00per barrel, against a previous close of Rs. 4092.00 per barrel. It touched an intra-day low of Rs. 3940.00 per barrel and high of Rs. 4092.00 per barrel.

Crude oil futures fell above 2 per cent on September 6 after participants reduced positions amid a weak trend in global markets. U.S. crude oil headed sharply lower Friday as investors awaited a jobs report from the world’s largest economy, which could help to quell some investor uneasiness centered on anemic global economic growth, which could translate to weak uptake for crude products.

MCXCOMDEX opened at 3992.31 and traded down by 1.10% at 3948.27. Commodities like Cardamom, CPO were stood as top gainers, gained 4.00%, 0.13% respectively. On the other hand, Crude oil, Zinc, Gold, Aluminium, Lead, Copper, Mentha oil, Cotton, Nickel futures were stood as top losers, lose by 2.49%, 1.15%, 1.07%, 0.53%, 0.52%, 0.47%, 0.34%, 0.21%, 0.09% respectively.

Domestic stock markets started Friday's session on a strong note, tracking gains in Asian peers amid easing of concerns on the US-China trade front. At close, Sensex was up 337.35 points or 0.92 % at 36981.77 and Nifty was up 98.30 points or 0.91% at 10946.20.