In April month, the Brent Crude Oil price has been hiked up by 20% and it’s the biggest hike of a month in last 7 years. On Friday, Brent Crude future was almost flat and the price had stabilized around 48.14 dollar per barrel, where WTI Crude has dropped by 0.2% and went down to 45.96 dollar per barrel. In this April Season Brent Crude has received the hike of 21.5% and this is the biggest hike after may 2009. The Brent Crude has also touched the level of 48.50 dollar per barrel in 2016. Where WTI Crude has jumped up by 20% in April month. The Crude hike was supposed to be caused by drop in dollar and due to the signs of less supply of crude oil. However, there are also possibilities that Bookmakers can be responsible for the Crude Price Hike.
After a day off, finally Indian Commodity Market opened on Friday Evening. Comparing with the Wednesday Market, it seems that the commodities are inversing their last performance today. In Mcx Market, except Gold all other commodities are trading in red zone. Currently, Gold is trading at 28902 with the hike of 142 points and became the Top Mcx Gainer today. Whether, Silver and Crude oil has received the respective loss of 0.11% and 3.55% and running at 38262 and 2690 respectively. Silver live at 38224 down by 82, Natural Gas at 128.30 down by 3.1%, Aluminium at 102.75 drop 0.77%, Copper at 315.35 drop 1.48%, Nickel at 592.20 drop 1.28%, Lead 113.85 down 0.78% and Zinc at 123.10 down by 0.36%. Talking about the Ncdex Commodity Market, because there is no sign of any trading there probably it will be off for the whole day.
Wednesday is quite an amazing day for the Ncdex Commodities. In Ncdex Commodity Market, almost all the Agri commodities are trading with positive points. After the rise of 4%, all Chana contracts has became the Top Ncdex Gainers of the day and with the loss of 0.12% Turmeric Jul became the Top Ncdex Loser today. In Mcx Commodity Market, except Gold, Silver and Crude oil all other commodities are trading in positive zone. Currently, Gold Live at 29184 with the loss of 152 points, Silver Live at 38268 with the loss of 44 points and Crude oil Live at 2763 with the loss of 19 points. After the rise of 2.81% Natural Gas became the Top Mcx Gainer today and with the loss of 1.93% Crude oil mini became the Top Mcx Loser of the day.
On the 6th day of this new trading session year the Indian Market has been flat for the whole day. In absence of any big activity, the Stock Market got closed in positive zone with very few leads. Today, BSE Sensex has gained 17.04 points and ended up at 24900.63 and NSE Nifty ended up at 7614.35 with the hike of 11.15 points. The Commodity Market has been in active for the whole day, but in the evening the market suddenly started showing high movements. Currently, In Mcx Gold is trading at 28619 with the loss of 142 points and Silver is trading at 35869 with the loss of 213 points. Whether, Crude oil is running to be the top gainer of the day with the hike of 3.91% and after dropping by 1.46% Natural Gas is the top Mcx loser. In Ncdex Commodity Market, Turmeric Apr is the top Ncdex gainer with the hike of 2.28% and Sugar M is the top Ncdex loser with the loss of 2.33%.
Monday morning gave a bit hope to Indian Currency Traders, as the Indian Rupee hiked up to the top of this year against the US Dollar. Today in Intraday Trading Session, Rupee touched the lower levels of 66.10 caused by the weakening of Dollar in Global Market. Today, both Sensex and Nifty ended up in positive zone with the respective hikes of 130.01 and 45.75 points. After a weak opening in the morning Gold has given a surprising comeback and Silver has recovered its level and jumped up from -800 to -100. Currently, Gold is trading at 28150 with the hike of 110 points, Silver is trading at 35682 with the loss of 240 points and Crude oil is trading at 2441 with the loss of 22 points.