View the futures and commodity market news, futures pricing and futures trading. Oil suffers ‘spectacular’ collapse, enters bear market just 5 days after settling at nearly 14-year highs Last Updated: Maat 3:12 p.m.
On the other hand, FMCG and pharma are likely to continue to witness a subdued trend. SI00 A complete Silver Continuous Contract futures overview by MarketWatch. It is important to note that a high rollover was witnessed in the realty sector in August 2023, along with the short buildup in the constituent stocks, which might underscore a possible pullback in September 2023.Įxperts are of the view that auto, chemical, and technology are the sectors that can outperform the index in the September series. Besides, about 69% of the IT stocks saw short covering, which suggests a positive outlook for the sector in the September series. In August, IT stocks showcased relatively lower rollover as compared to the preceding two months. On the other hand, at 88%, power was the sector with the lowest rollover. In addition, low rollovers were witnessed in auto, capital goods, energy, IT, and metal stocks.Īt 96%, cement is the sector with the highest rollover in the August series. View the futures and commodity market news, futures pricing and futures trading. In terms of sectors, bank, cement, FMCG, telecom, and realty sectors showcased a significant increase in rollover as compared to the previous two series. BRN00 A complete Brent Crude Oil Continuous Contract futures overview by MarketWatch. BBC News Market Data provides the latest news & financial data on global companies & their share prices, market indices, currencies, commodities. Oil futures end higher for session, contributing to a gain for the week Sep. Central bankers like to focus on core inflation readings, which strip out food and energy prices, but that doesn’t mean that they, or investors, will be able to ignore a renewed. However, it was lower than the rollover experienced in July 2023, which marked the highest level in the past 18 months. C00 A complete Corn Continuous Contract futures overview by MarketWatch.
The Nifty August rollover stood at 78%, slightly higher than the three-month average of 76.9%. In addition, a significant long buildup was noticed in the media and telecom sectors. However, information technology (IT) stocks aided in keeping a tab on the big fall in the Nifty.īesides, there was a significant short buildup in the oil and gas, realty, banking, and healthcare sectors. Oil prices have climbed to their highest levels of the year, buoyed in part by news that Saudi Arabia and Russia have extended their production cuts to the end of the year. In August 2023, the Nifty witnessed an about 2.5% slip, which was dominated by banking stocks contributing 57% to the monthly fall this was closely followed by fast-moving consumer goods (FMCGs) and oil stocks.
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