On the other hand, FMCG and pharma are likely to continue to witness a subdued trend. The real-time price of Brent crude oil is at 90.72 per barrel, and the price of WTI crude oil is at 87.42 per barrel. 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. crude inventories last week, according to a source citing the data.
In August, IT stocks showcased relatively lower rollover as compared to the preceding two months. The American Petroleum Institute, an industry trade group, late Tuesday reported a 15 million barrel drop in U.S. The Fed wont raise interest rates at its next meeting, but could leave the door open for future increases, Mohamed El-Erian said. On the other hand, at 88%, power was the sector with the lowest rollover. View CL.1 futures and commodity data and compare to other futures, stocks and exchanges. 130, 136, 142, 148 Carbon Market Watch, 150 carbon offset programs additionality. Crude oil, diesel and petrol prices are closely linked, as the price of. 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. Crude Oil WTI (NYM /bbl) Front Month advanced future charts by MarketWatch. 12126 Guaraqueaba tree values, 69 oil industry participation. The above charts show the market prices for unleaded petrol, diesel and crude oil. In terms of sectors, bank, cement, FMCG, telecom, and realty sectors showcased a significant increase in rollover as compared to the previous two series. However, it was lower than the rollover experienced in July 2023, which marked the highest level in the past 18 months. 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. View the futures and commodity market news, futures pricing and futures trading. 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. HO.1 A complete Heating Oil (NYM /gal) Front Month futures overview by MarketWatch.
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