Commodity Tips- MCX Crude & Palm, Gold Silver Price today

crude palm oil

MCX Crude Palm Oil futures are doubtful to grow much given the overhang of inventories in Malaysia, where price of vegetable oil rose 3.9% month on month to hit 2.02 million tonnes in September, as per latest update.

The increase took stocks to their peak since February 2016. However, the local production declined for a second consecutive month. As per latest data, it is shown that a fall of 1.7% to 1.78m tonnes. MCX Crude Palm Oil futures closed at Rs 539.50 /10 kg in last session and could face selling on moderate rallies.

Meantime, Oil prices eased on Thursday as US fuel inventories rose in spite of efforts by OPEC to cut production and tighten the market. WTI crude futures were trading at USD 50.98 /barrel today, down 0.6 percent, from their last settlement.

Brent crude futures were at USD 56.58, down 0.6% from the previous close.  Starting the current year, the OPEC and other oil producers including Russia agreed to cut output by 1.8 mn. BPD /day to prop up prices.

Commodity Tips : MCX Gold price is set to extend its losing spree

gold price today

MCX Gold extended Losses after breaking Rs.30,000. The metal slipped heavily yesterday due to global prices slipped following a rebound in US equities. US stocks rose following the modest pullback in last week. COMEX Gold has tanked all the more today as Asian equities edged up. The metal quotes at USD 1328.30 per ounce, down 0.62 percent on the day. MCX Gold ended down 1.10 % at Rs 29,930 per 10 grams yesterday and this break under Rs 30,000 levels should extend further today.

Meantime, the Indian rupee dropped further Versus the USD in early trades on Tuesday, 12 Sept 2017 as the dollar strengthened overseas. Gains in domestic equity markets capped some of the losses. The rupee opened lower at 63.98 /dollar against last close of 63.93 /dollar.

Best Stock Tips: The most active stocks in terms of value Today

stock market higher today

The Sensex and Nifty opened in the positive zone on Tuesday, regaining from the losses of the last session. The toppers in the Sensex pack included Reliance Industries, Asian Paint, Adani Ports, Tata Steel, ONGC, Axis Bank, Dr Reddy’s, Kotak Bank, Maruti, Tata Motors, and L&T, rising up to 1.25%.

Shares of Sun TV followed by Reliance Industries Infosys and YES Bank were trading as the most active stocks in terms of value on NSE in Tuesday’s trade. 

Investors turned to buying in bank, realty and auto stocks. 

Reliance Capital has moved ex-Home Finance business from Tuesday. The stock’s Future and Option contracts have expired on Monday. The stock settled at Rs. 687.40 share apiece at its opening bell on BSE and surged to touch intraday high of Rs. 740 share apiece, up by 7.96 percent within first few minutes’ trade. Reliance Capital share holders will get one free share of Reliance Home Finance as on Sept 6, 2017, for every share held in the company.

At 10 AM, the BSE Sensex is trading at 31,790 up 89 points, while NSE Nifty is trading at 9,940 up 27 points. A total of 58 stocks hit a fresh 52-week high in trade today, while 8 stocks touched a fresh 52-week low on the NSE.