Markets saw a positive day of trading as the board weighed a narrow cover. Bank Nifty surpassed the Nifty index by 0.3%, with both indices closing in the green. Bank heavyweights such as SBI and ICICI Bank saw a short cover during trading, which closed intraday highs. The Nifty Media Index ended 4.5% higher with…
As economies reopen in various parts of the world, prices of some commodities have risen, including the prices of key industrial metals. The price rally of metals depends on how many factors are at work to what extent steam can be lost. As our latest chart of the week shows, the price of metals is…
Argentine farmers have sold 20.9 million tonnes of soybeans since the 2020/21 season, up from 863,600 tonnes last week. According to official data, the rhythm of Argentine soybean sales is slower than the previous year, with 24.4 million tonnes of oilseeds sold this season. Argentina’s 2020/21 soybean harvest is expected to be 43.5 million tonnes,…
Gold in Asia fell against the dollar on Thursday morning, with investors pushing the U.S. Additional signals of inflation in and mobilized to seek economic recovery from the COVID-19 epidemic. Gold futures were down 0.35% at $ 1,888.95. The dollar, which usually moves in the opposite direction to gold, is the 10-year U.S. dollar. Treasury…
Oil in Asia fell on Thursday morning and India’s demand continued to decline. Brent oil futures were down 0.69% at $ 71.72 and WTI futures were down 0.69% at $ 69.48. India, the world’s third-largest oil consumer, recorded the lowest fuel demand since August 2020 as economic activity was hampered by an increase in COVID-19…
Indian markets are widely tracking Asian counterparts driven by US-China talks and inflation data. Metal, Pharma, PSU Bank, and IT stocks outperformed buyouts on a broader basis with the Sensex and Nifty 50. These markets are witnessing a volatile session as profit bookings from local and foreign companies have emerged. At 09.46 am, the Sensex…
National Miner Coal India Limited (CIL) has seen a 52.5% increase in its e-auction coal sales in the first two months of the current financial year. In a public statement, CIL said it had set aside 21.5 million tonnes under five auction windows. As demand for coal increased, CIL recorded an increase of 16% over…
Gold rose in Asia on Wednesday morning, with investors digesting mixed inflation data from China to the U.S. on Thursday. Gold futures rose 0.12% to 89,896.65. The dollar, which usually moves in the opposite direction to gold, is the 10-year U.S. dollar. Treasury yields have been at an all-time low for more than a month….
Markets saw a negative day of trading as board profit bookings weighed. Bank Nifty fell Nifty .1 0.1% and both indices closed in the red. Large-cap stocks such as Reliance, ICICI Bank, and SBI saw long positions unaware as profit bookings weighed. The Nifty Midcap 100 index closed 0.6% lower. The market width ended in…
Markets saw a negative day of trading as profit bookings were seen in major financial stocks. Bank Nifty cut the Nifty index by 1% and both indices ended in the red. Bank stocks such as SBI, ICICI Bank, HDFC Bank, and Kotak Bank saw long positions unaware as profit bookings weighed. The Nifty Midcap 100…
