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On 13 May 2022

COMEX Copper slumped to around four month low under $4.30 per pound on weak manufacturing cues. The beginning of the second quarter (Q2) of this year saw a mild downturn in global manufacturing output, as tighter COVID restrictions in China weighted on production, according to the J.P. Morgan Global manufacturing purchasing managers index (PMI), which fell to 52.2 in April, down from 52.9 in March?its […]

COMEX Gold hit around one week high after a very sharp uptick from three month low. However, the highs around $1900 per ounce are capping the upside now. The US dollar eased overnight after the Fed sounded less hawkish on larger rate hikes going forward although it raised benchmark interest rates by 50 bps in yesterdays FOMC, the largest since 2000 as policymakers urgently tried […]

On 17 May 2022

WTI Crude oil bounced near $110 per barrel on good support despite weakness in equities. The U.S. Energy Information Administration estimated oil inventories had added 1.3 million barrels during the week to April 29. At 415.7 barrels, the EIA said, inventories were 15 percent below the five-year average for this time of the year. Gasoline inventories fell by 2.2 million barrels last week, according to […]

On 18 May 2022

Grindwell Nortons net profit rose 11.4% to Rs 89.72 crore on a 10.3% increase in net sales to Rs 558.87 crore in Q4 FY22 over Q4 FY21.

COMEX Silver futures continued to stay under stress amid a massive dose of selling in Copper and global equities. The metal tanked to a three month low of $22.10 per pound as global growth is projected to slow from an estimated 6.1 percent in 2021 to 3.6 percent in 2022 and 2023. This is 0.8 and 0.2 percentage points lower for 2022 and 2023 than […]

On 17 May 2022

CSB Bank reported a net profit of Rs 130.67 crore in Q4 FY22 as against a net profit of Rs 42.89 crore in Q4 FY21.