After last week's sharp decline today seems to take over crude oil. In the domestic market price has reached close to Rs 6000. Crude on the NYMCX level of $ 98. However, the price is near 6-month low. Brent price level of $ 105 has come again. Last week was a sharp decline in crude oil of around 4.5 per cent. Natural gas dominates in the sell-off. MCX Natural gas fell 0.6 per cent to Rs 232.5.
Pressure is maintained in gold and silver. Despite the slowness August gold futures on MCX remains above Rs 28000. Yesterday the October futures expiry and gold with about 0.25 per cent is trading around Rs 28150. With marginal gains of 0.2 per cent on MCX silver is trading around Rs 44500.
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Nifty opened at 9,968 level, down by 5 points while Sensex opened at 31,932 level, up by 46 points.capitalstars
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