Gas production has hit a record high in US but the rapid rise in exports has consumed a large part of the additional gas production
Yesterday the rupee climbed to 2-month high on the back of low crude oil prices and strong foreign fund inflows.
Here's a roundup of the key happenings in the commodities market, with a deep dive into some of the most active counters.
The breadth of the market favoured the declines with 685 stocks advancing and 1030 declining while 346 remained unchanged. On the BSE, 1065 stocks advanced, 1492 declined and 143 remained unchanged.
The breadth of the market favoured the declines with 758 stocks advancing and 905 declining while 397 remained unchanged. On the BSE, 1113 stocks advanced, 1224 declined and 120 remained unchanged.
Sonata Software, JM Financial and Lumax Industries are some of the names that foreign institutional investors and mutual fund houses have incrementally raised their stakes in, over the past three quarters.
It is advisable to trade on stock specific opportunities with strict stop loss. We continue to maintain a rangebound trading level for index at 10690 levels on upside and 10520 levels on downside, says Dinesh Rohira of 5nance.com.
UK Prime Minister Theresa May's draft Brexit plan ran into dispute after the resignation of key ministers from her government and eurosceptic lawmakers stepped up efforts to topple her, provoking fears the country could crash out of the EU without a divorce deal.
The breadth of the market favoured the advances with 843 stocks advancing and 679 declining while 520 remained unchanged. On the BSE, 880 stocks advanced, 682 declined and 66 remained unchanged.
U.S. West Texas Intermediate (WTI) crude oil futures were at $56.84 per barrel at 0353 GMT, up 38 cents, or 0.7 percent, from their last settlement.
has surpassed important resistance of 25,900 levels and closed above the same which is a positive development, says Hadrien Mendonca of IIFL.
A list of important headlines from across news agencies that could help in your trade today.
Bank of Baroda | Sumeet Industries | SRF | Infosys | Venus Remedies | Sical Logistics | SREI Infrastructure and Tata Investment Corporation are stocks which are in the news today.
The index has to continue to hold above 10,550 zones to witness an up move towards 10,650 then 10,750 zones.
Despite the contraction, trade deficit widened to $17.13 billion in October, compared with $14.61 billion in the same month last year.
India VIX fell 1.47 percent to 18.55 levels. However, VIX has to cool down below 16 zones to get the next leg of smooth upside rally in the market.
Oil prices have shed a fifth of their value over the past month due to oversupply and signs of a softer-than-expected impact from sanctions on Iranian crude exports.
The breadth of the market favoured the declines with 744 stocks advancing and 951 declining while 364 remained unchanged. On the BSE, 1078 stocks advanced, 1414 declined and 142 remained unchanged.
The worst fall was seen in 2008 when the index plunged 12% followed by 2011 when it saw a decline of 7.7%
USD-INR pair is expected to quote in the range of 72.20 and 72.80, says Motilal Oswal.
Macro outlook for India is improving due to fall in oil prices, said Tushar Pradhan, CIO-India of HSBC Global AMC,
The breadth of the market favoured the declines with 730 stocks advancing and 935 declining while 393 remained unchanged. On the BSE, 1008 stocks advanced, 1271 declined and 127 remained unchanged.
The 10-Year bond yields have also softened from the high’s of ~8.20% few months ago to 7.75% giving some relief to the banking/NBFC sector.
The nation's consumption of the metal is expected to rise to 1.433 million tonnes by 2026 from 650,000 tonnes in 2018, Birla Copper CEO JC Laddha told delegates at the Asia Copper Conference in Shanghai.
The breadth of the market favoured the declines with 664 stocks advancing and 897 declining while 488 remained unchanged. On the BSE, 808 stocks advanced, 1049 declined and 92 remained unchanged.