Moneycontrol

Budget 2021

Associate Partners:

  • SMC
  • Samsung
  • Volvo

Moneycontrol

Budget 2021

Associate Partners:

  • SMCSamsungVolvo
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Base Metals Weekly Report: Motilal Oswal

According to Motilal Oswal, Base metals after a brief run up at the start of the week, but later witnessed some profit taking as participants reduced their positions as indicated by the open interest following a rising dollar and some excess froth being built up in metals.

January 12, 2021 / 03:10 PM IST

Motilal Oswal's report on Base Metals Weekly


Base metals after a brief run up at the start of the week, but later witnessed some profit taking as participants reduced their positions as indicated by the open interest following a rising dollar and some excess froth being built up in metals. Copper started the week with a bang rallying to multi year highs towards $8200, as investors eyed more policy support in the United States amid chances that Democrats could take over control of the crucial Senate chamber. The Dow and the S&P 500 hit new record highs as Democratic control of the House, Senate and White House is likely to pave way for additional fiscal stimulus.



Outlook


European equities also added strong gains and COMEX Copper consolidated.

For all commodities report, click here

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Broker Research
first published: Jan 12, 2021 03:10 pm

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