BUSINESS
Nickel futures rise nearly 1% to Rs 1,195.60 per kg, outlook bullish
The plan to rebuild America’s crumbling infrastructure proposes doubling federal funding for mass transit and spending $80 billion to expand and modernise passenger rail service; estimated to support global base metal prices, said Subramaniam.
BUSINESS
Copper futures flat at Rs 668.05 per kg as dollar retreats
The non-ferrous metal has been trading higher than 50, 100 and 200 days' moving averages but lower than 20 and 5 days’ moving average on the daily chart. The Relative Strength Index (RSI) is at 48.23 which indicates sideways momentum in prices.
BUSINESS
Gold prices inch closer to Rs 45,000/10 gm on positive global cues, silver rises by Rs 875 a kg
The broader range on COMEX could be between $1700- $1740 and on the domestic front, prices could hover in the range of Rs 44,780- Rs 45,300, said Navneet Damani, Vice President, Motilal Oswal.
BUSINESS
Crude oil futures rise 1.55% to Rs 4,452/barrel on US stimulus hopes, inventory drawdown
The black gold has been trading higher than 5, 50, 100 and 200 days' moving averages but lower than the 20-day moving average on the daily chart.
BUSINESS
Silver futures flat at Rs 63,850 a kg on weak global cues
Technically, LBMA silver Spot is holding support near $23.75 and can see a bounce back up to $24.80 levels, say experts.
BUSINESS
Natural gas futures firm at Rs 191.60 per mmBtu ahead of inventory report
The commodity has been trading higher than 5, 20 and 200 days' moving averages but lower than the 50 and 100 days’ moving average on a daily chart for the April contract.
BUSINESS
Gold sinks below $1,700/oz as dollar, bond yields climb; down 11.2% in 2021
Gold is on track for its first quarterly fall since June 2018 down $212.34 or 11.20 percent in 2021. It has declined Rs 5,807 or 11.57 percent in the rupee term in the same period.
BUSINESS
Aluminium futures jump 1.58% to Rs 177.05 per kg; outlook remains bullish
In the futures market, aluminium for March delivery touched an intraday high of Rs 177.05 and a low of Rs 176 per kg on the MCX.
BUSINESS
Copper futures up 1.05% to Rs 663.95 per kg on positive global cue, rally in equity market
The red metal prices in LME gained on Friday, tracking gains in the equities market lifted by hopes of global economic recovery on positive US labour data and its faster-than-expected COVID-19 vaccination roll-out plans.
BUSINESS
Gold prices fall to Rs 44,655 per 10 gm, down 0.63% this week; silver tanks 3.22%
The bullion metal has been stuck in a narrow range in the last few sessions amid a lack of direction. It declined by Rs 282, or 0.63 percent during the week in the domestic market.
BUSINESS
Crude oil futures gain over 2% to Rs 4,357/barrel, WTI trades above $60/bbl
In the futures market, crude oil for April delivery touched an intraday high of Rs 4,376 and an intraday low of Rs 4,284 per barrel on MCX.
BUSINESS
Silver price up 0.39% to Rs 65,119 per kg on industrial demand; dollar dips
Silver has witnessed mixed trade along with gold in the past few sessions but has generally underperformed and this is evident from the gold/silver ratio which has risen towards 70 levels.
BUSINESS
Cotton futures edge higher after touching March series low of Rs 20,150 per bale
The falling global cotton stocks and attractive Indian cotton prices in the world market may support natural fibre after some more correction, Vyas added.
BUSINESS
Natural gas futures firm at Rs 186.80 per mmBtu on higher inventory draw
While the sell-off has dented market sentiment, natural gas has managed to close higher for the last few trading sessions showing some renewed buying interest
BUSINESS
Cotton futures fall 1.68% to Rs 20,450 per bale on weak demand
The soft commodity has been trading lower than 5, 20, 50 and 100 days' moving averages but higher than the 200-day moving average on the daily chart. The Relative Strength Index (RSI) is at 25.59 which indicates bearish momentum in prices.
BUSINESS
Gold prices remain flat at Rs 44,880 per 10 gram on weak rupee; silver down by Rs 819 a kg
The precious metal prices have kept a firm trading range, supported by pandemic worries with lockdown in Germany and other parts of Europe.
BUSINESS
Copper futures slip on demand concerns, stronger dollar; experts expect further downside
The Relative Strength Index (RSI) was at 42.88 indicating a bearish momentum in prices.
BUSINESS
Crude oil futures slump 1.66% to Rs 4,373 per barrel on demand concerns, rise in inventory
The rising dollar index, bond yields and lockdown in Asian countries have added worries regarding demand scenario.
BUSINESS
Silver futures slip nearly 1% to Rs 64,633 per kg as dollar jumps to 4-month high
The spot gold/silver ratio currently stands at 69.47 to 1 indicating that gold has outperformed silver. While the gold has been steady, silver is pressurised by concerns about the Chinese economy.
BUSINESS
Natural gas futures steady at Rs 182.90 per mmBtu ahead of inventory report
The commodity has been trading higher than its 5 and 200-day moving averages but lower than the 20, 50 and 100-day moving average on a daily chart for the April contract. The Relative Strength Index is at 42.50, which indicates weak momentum in the prices.
BUSINESS
Copper futures firm at Rs 668.70 per kg on lower inventories
The non-ferrous metal has been trading higher than 50, 100 and 200 days' moving averages but lower than 20 and 5 days’ moving average on the daily chart.
BUSINESS
Gold prices slip marginally to Rs 44,886/10 gm on strong dollar; silver plunges Rs 687 a kg
Market participants will keep an eye on the Preliminary Manufacturing and Service PMI data from major economies and US Federal Reserve comments.
BUSINESS
Crude oil futures surge 2.20% to Rs 4,326 per barrel on bargain buying, rupee depreciation
The black gold has been trading higher than 50, 100 and 200 days' moving averages but lower than the 20 and 5 days’ moving average on the daily chart. The momentum indicator Relative Strength Index (RSI) is at 43.08 indicating bearish momentum in prices.
BUSINESS
Silver futures jump nearly 1% to Rs 65,559 per kg on industrial demand
The Relative Strength Index (RSI) at 42.49 indicated bearish momentum in prices.
