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Decline in crude oil prices is positive for the market. Additionally, the monsoon has been better and also good indications of the domestic economy. RBI has given a big relief to the infrastructure sector. Banks are also concessions.
Today commodity market open at mixed position. Some product are open profitable or some are not profitable. Despite a weaker rupee in the domestic market is gold and silver fade. But MCX Gold is recover and the price is at Rs 27696. 0.17% move above gold and but MCX silver is also
idling today and trading at Rs 44764 with 0.20% declined.
MCX crude oil is batter position on today. It move above 0.93% and trade at Rs 6053.
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