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News18 » Videos » News18 Shorts

Profit from (c)rude shock, invest in black gold

Jun 28, 2008 12:55 AM IST Business Business

New Delhi: The equity markets in India, and across the world may be going through a period of uncertainty but despite most stock counters showing a deep red, there is something setting futures markets on fire. Crude oil is living up to its name of black gold and prompting many investors to park a good part of their investments in this commodity. ''One of the best places to invest, one of the hottest commodities now, crude oil has become traders' favourite,” says Head-Commodities, Religare, Jayant Manglik. If the recent surge in volumes at India's leading Multi Commodity Exchange is to be believed, equity investors in India are putting their money firmly on the crude oil futures market. MCX recorded a business of 5,588.25 crore rupees on crude oil futures last month. Here are the numbers: The minimum lot size is 100 barrels which costs roughly Rs 6 lakh but with a margin of just five per cent. Rs 30,000 is all you need to become a oil trader According to experts, crude oil is the hottest commodity currently. And you can earn big bucks in crude futures as there is a fair chance of crude oil prices crossing the $150 per barrel mark by the end of this year. Once crude moves up, it’s only a matter of time before other commodities like gold and aluminum also head north. So sharp investors keeping their eyes and ears open still have opportunities to make money in spite of high volatility in the equity markets.

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