Gold traded in a range amid mixed sentiments in the market. Concerns over coronavirus spread is weighing down on the prices of Base metals while supporting the prices of Gold, while China is working on controlling the spread of Virus which is supporting optimism among market participants. On the other hand, Crude oil also traded lower due to growth concerns and now impacted by the spread of Coronavirus which giving fuel to the slowdown....
Benchmark indices rallied for the fourth consecutive day on the weekly expiry after the Monetary Policy Committee decided to keep interest rates unchanged as expected. The S&P BSE Sensex rose 0.4 percent to close at 41,306.03 and the NSE Nifty rose 0.4 percent to close at 12,137.95. The broader markets represented by the NSE Nifty 500 Index rose 0.53 percent. During the previous trading hours, India’s Monetary Policy...
Fundamental Aspect: Guar seed prices on Wednesday rose by Rs 42 to Rs 3,918 per 10 quintals in futures trade after participants widened their holdings driven by a firm trend in the spot market. On the National Commodity and Derivatives Exchange, guar seed for February contracts rose by Rs 42, or 1.08 percent, to Rs 3,918 per 10 quintals with an open interest of 37,615 lots. Similarly, guar seed for March delivery gained Rs 40 to...
Rupee opened on a positive note against the US Dollar in the early morning as the Asian market recovered its losses after China’s market opened after the Lunar year holiday which got extended by a week due to spread of Coronavirus. A positive move in the domestic equity market is also supporting the Rupee. The market participants are awaiting RBI’S interest rates decision to be announced today. Foreign Institutional Investors allegedly sold...
WELCORP Stock looks positive on the chart. Currently 2% up from the previous closing. Catch it above 197 if it breaks and close above 197 for 3 consecutive days + weekly closing will see upside movement till 210 +++ levels in the coming days. Support and stop-loss below 185 on a closing basis. BSOFT After range-bound trading, the stock looks positive on the chart. Currently 2.5% up...
MONEYCONTROL • Cadila Healthcare: Q3 profit down 26.8 percent to Rs 373.9 crore, revenue up 1.7 percent to Rs 3,638.1 crore YoY. • Brigade Enterprises: Q3 profit down 31.6 percent to Rs 40.9 crore, revenue down 19.7 percent to Rs 552.2 crore YoY. • HPCL: Q3 profit down 29 percent to Rs 747.2 crore, revenue up 16.2 percent to Rs 70,749.4 crore QoQ. • Ajanta Pharma: Q3 profit jumped 61 percent to Rs 108...
Gold traded in a range amid mixed sentiments in the market. Concerns over coronavirus spread is weighing down on the prices of Base metals while supporting the prices of Gold, while China is working on controlling the spread of Virus which is supporting optimism among market participants. On the other hand, Crude oil also traded lower due to growth concerns and now impacted by the spread of Coronavirus which giving fuel to the slowdown....
Benchmark indices rallied for the third consecutive day and close in green ahead of Reserve Bank of India’s policy decision on Thursday. The S&P BSE Sensex rose 0.87 percent to end at 41,142 and the NSE Nifty 50 rose 0.91 percent to end at 12,089.15. The broader markets represented by the NSE Nifty 500 Index rose 1 percent on the previous trading session. The market breadth was tilted in favor of buyers. About 1005 stocks advanced and...
Fundamental Aspect: Palm oil market hit by two ‘C’s: crude oil and coronavirus A deadly combination of two ‘C’s has hit the palm oil market. A rapid decline in crude oil prices and the upheaval over the rapid spread of China-centered Wuhan Coronavirus has pummeled the palm oil market, bringing the bull run of the last three months to a premature end. Crude palm oil (CPO) rates have seen a sharp correction of 10 percent...
