Commodity Update

MCX India Share Price Jumps 5.3%; HDFC Securities, Motilal Oswal BUY Targets Achieved

MCX India Share Price Jumps 5.3%; HDFC Securities, Motilal Oswal BUY Targets Achieved

MCX India Share price jumped to its all time highs at Rs 7,845 on Monday as investors turned bullish after SEBI's approval for electricity derivates trading nod for the exchange.

Gold Could Face Sharp Correction from All Time Highs in April 2024

Gold Could Face Sharp Correction from All Time Highs in April 2024

Gold has touched all-time high many times during the past few weeks. The traders and market experts bullish on Gold always find a reason for this unprecedented rise in Gold prices.

Crude Oil Jumps over 4 percent as Hamas-Israel Tension Flares Up

Crude Oil Jumps over 4 percent as Hamas-Israel Tension Flares Up

Crude Oil Futures opened more than 4 percent higher on Monday after the Hamas attack on Israel during the weekend.

Energy Sector Faces Major Downturn as Crude Oil Suffers Massive Loss

Energy Sector Faces Major Downturn as Crude Oil Suffers Massive Loss

Crude oil has faced major decline in the recent months and investors have been closely following the trends in the energy sector.

Base Metals Trading Tips and Commodity Market Update: Nirmal Bang

copperMost of the metals ended the day on a downward note taking cues from the worsening Swine flu situation and weakening demand outlook across the globe. The worst hit was nickel, shedding $575 and closing the day at a three week low of $10800 on LME .

Latest data from the International Copper Study Group (ICSG) confirmed the gloomy demand outlook. ICSG said the world copper market saw a surplus of 155,000 tonnes in January, compared with a deficit of 22,000 tonnes in January 2008.

Base Metals Trading Tips and Commodity Market Update: Nirmal Bang

nickelBase metals witnessed range bound trading session and ended the day with negative bias, Copper and zinc shed more than 4% discounting the flu to snow ball into a pandemic and derail the global economy's nascent recovery.

Nickel fell by 5.4% on account of heavy selling by traders and speculators in tandem with a weakening global trend. Reduced off take by consuming industries, such as stainless makers also weighed on nickel prices.

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