Indian Metals and Ferro Alloys shot up by 2% in Friday’s trade on the back of amalgamation news between its subsidiary and a holding company. The company announced on Friday that the company’s board has approved the amalgamation of Indian Metals & Carbide Limited (IMCL), a wholly owned subsidiary of the company, and B. Panda... Continue Reading →
The Indian rupee gained in the early trade on Friday. It has opened higher by 16 paise at 65.34 per dollar versus 65.50 Thursday. Bhaskar Panda of HDFC Bank said, "The rupee touched multi-month lows before closing at 65.51. I expect the pair to trade within a range of 65.35-65.60 today." He further added, "The Indian... Continue Reading →
Oil prices fell on Thursday, with U.S. crude giving up some of the previous session's gains that were driven by a surprise fall in inventories, while Brent moved further away from recent 26-month highs. U.S. West Texas Intermediate crude (WTI) dipped 18 cents, or 0.4 percent, to $51.96 a barrel by 0206 GMT after rising 26... Continue Reading →
The Zinc is in long medium term bull phase .Currently Zinc is in strong downtrend with good momentum and the trend is supported with good volume the open interest is not increasing with trend. Noting point is selling at lower levels seems decreasing. The oscillator is showing buy signal for short term Zinc is in hold... Continue Reading →
Oil markets took a breather on Tuesday after prices jumped more than 3 percent in the previous session, with Turkey threatening to cut crude flows from Iraq's Kurdistan region to the outside world. Global marker Brent hit a two-year high on Monday, helped by output curbs by the Organization of Petroleum Exporting Countries and other... Continue Reading →
The market trimmed its losses in last couple of hours of trade and ended mildly lower on Thursday. The Sensex fell 236 points intraday due to sharp depreciation in rupee post Federal Reserve hinted rate hike by December and announced unwinding of balance sheet, but recovered over 200 points in later part of session. Banks,... Continue Reading →
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MUMBAI: The Nifty hit a new peak on Monday as uninterrupted flows from mutual funds pushed the stock market higher, helping offset concerns over foreign institutional selling. With no fresh provocation by North Korea, market sentiment has perked up recently though investors will wait nervously for the outcome of the US Fed’s meet on Wednesday... Continue Reading →
A news report says that volumes in commodity exchanges have fallen to their lowest levels since 2010. They are presently at one-third their peak levels touched in 2013. There are many reasons for the sharp drop in business volume. The Tata Institute of Social Sciences (TISS) in association with the Multi Commodity Exchange (MCX) conducted... Continue Reading →
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