Gold rose on Tuesday gained demand for safe-havens after iPhone maker Apple Inc’s revenue concerns the financial fallout of the coronavirus outbreak in China. On the other hand, Crude oil slipped from a higher level as Chinese health authorities confirmed 1,886 new cases of coronavirus and 98 new deaths which are creating concerns regarding the demand of the Crude oil. Today, traders should concentrate on the Empire State Manufacturing...
Fundamental Aspect: Oil palm farmers have called on the government to take concrete actions to implement policies designed to create a sustainable palm oil industry and deliver supportive programs for oil palm growers. The Oil Palm Smallholders Union (SPKS) alleged that despite the adoption of several key government regulations to make the industry more sustainable, no significant impact has been seen. On the contrary,...
Rupee opened on a flat note against the US Dollar in the early morning amid mixed sentiments in the market. On one hand, negativity in the domestic equity market is weighing down on Rupee while positive sentiments in the market after Coronavirus patients got cured in India is supporting the Domestic currency. Foreign Institutional Investors allegedly sold stocks worth of Rs 374.06 crore on Monday. The US 10- year bond is trading at...
MONEYCONTROL • JSW Energy: Company will buy 1,050 MW GMR Kamalanga Energy for Rs 5,321 crore. • KPI Global: Company bags order for executing solar power project of 900KW capacity from JPB Fibers, Surat. • Orissa Minerals: Belkundi Iron & Manganese Mine gets the nod for iron ore production and Manganese Ore enhancement in Odisha. • Lloyds Metals and Energy: Company on Feb 20 to consider...
Benchmark indices ended red on the third straight day with high volatility on the first trading session of the week. The S&P BSE Sensex fell 0.49 percent to close at 41,055.69 and the NSE Nifty 50 fell 0.56 percent to close at 12,045.80. The broader markets index represented by the NSE Nifty 500 Index fell 0.7 percent. The market breadth was in favor of the seller. Around 832 shares have advanced, 1684 shares declined,...
Gold slipped from a higher level on Monday in Asia as China imposed tightened restrictions on movement in the Hubei province to prevent the spreading of the coronavirus. On the other hand, Crude oil traded sideways due to concerns of falling fuel demand caused by the economic fallout from the coronavirus. No major economic data for the day. Technical Levels Gold (April) Support at 40700 and Resistance at...
The world market is awaiting the developments regarding the cure of Coronavirus. The rupee traded in a range in the previous week amidst the mixed sentiments in the market. China reported 100 new deaths on Sunday out of the total of 1933 affected people. While China is also saying that their efforts to eradicate the spread of Virus is bearing fruits as the number of confirmed cases has fallen. China is one of...
VAIBHAVGBL Vaibhav Global Ltd ( NSE: VAIBHAVGBL) Currently, the stock is trading 1% up from the previous closing and formed a flag pattern on the chart, above 1130 it gives a breakout for an upside rally. Grab it above 1130 levels, If it breaks and closes above 1130 for 3 consecutive days + weekly closing will see upside rally till 1190---1200 +++ levels in days to...
Fundamental Aspect: Chana prices slipped in the early morning after making a high of 4099. The major trend is still positive as it took a sharp reversal from lower levels. Chana is still trading below its Minimum Support Level by 14 percent. NAFED is currently holding a stock of about 19 lakh tonnes of Chana and now it is gearing up for good procurement of Chana which providing support to the prices. Technical Aspect...
Rupee opened on a flat note against the US Dollar in the early morning amid mixed sentiments in the market. On one hand, negativity in the domestic equity market is weighing down on Rupee while positive sentiments in the market after Coronavirus patients got cured in India are supporting the Domestic currency. Foreign Institutional Investors allegedly bought stocks worth Rs 1,061.39 crore on Thursday. The US 10- year bond is trading at 6.43...
