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COMEX Copper futures surged on supply concerns and firm equities. Mining company MMG Ltd., owner of the Las Bambas copper mine in Peru, has warned that it may have to halt operations at the mine by February 20 if a recent road blockade is not lifted, media reports noted. Copper also benefitted from two month low LME inventories and spiked more than 3% to approach […]

Both the stocks have crossed 95% of the market-wide position limit.

SKF India reported a 30.7% decline in consolidated net profit to Rs 88.79 crore in Q3 FY22 from Rs 128.11 crore posted in Q3 FY21.

The Energy Information Administration (EIA) reported a crude oil inventory draw of 4.8 million barrels for the week to February 4. The draw estimated by the EIA compared with an inventory decline of 1 million barrels for the previous week. Inventories remain below the seasonal five-year average supporting higher oil prices. In gasoline, the authority reported an inventory decline of 1.6 million barrels for the […]

Australia housing permits was up a seasonally adjusted 8.2 percent on month in December, the Australian Bureau of Statistics said on Thursday, coming in at 17,698, and up from 2.6 percent in November. Approvals for private sector houses fell 1.8 percent on month to 10,444, while approvals for private sector dwellings excluding houses surged 27.5 percent to 7,008. On a yearly basis, overall approvals fell […]

CJ Darcl Logistics Ltd (‘CJD Logistics’), the Informant, filed information with CCI alleging that the said union, operating in Sanu Mines area, Jaisalmer, did not allow CJD Logistics to carry out transportation work through its own vehicles.

Japans machine tool orders grew 61.4 percent year-on-year in January following a 40.6 percent rise in December, preliminary data from the Japan Machine Tool Builders Association, or JMTBA, showed Wednesday. Orders increased for a fifteenth straight month. Domestic orders grew 68 percent and foreign demand surged 58.7 percent. Compared to the previous month, orders grew 2.8 percent in January after declining in the previous two […]

The overall import of coal has also reduced to 147.14 MT in the period from April to November 2021 compared to 165.57 MT during the corresponding period of FY 20.

Gold stayed largely supported amid a slide in the US dollar index yesterday as market waited for the US inflation data. The metal moved up near a two week high of $1837 per ounce. MCX Gold futures broke well above Rs 48000 per 10 grams and closed at Rs 48670 per 10 grams, up 0.50% on the day. The break above $1800 per ounce is […]

The Indian rupee is expected to stay on backfoot in opening trades on Thursday, 10 February 2022 ahead of RBIs monetary policy decision due later in the day. However, easing crude oil prices and weakness in the dollar overnight is expected to keep rupee supported. The Reserve Bank of India (RBI)s rate-setting Monetary Policy Committee (MPC) meeting commenced on 8 February 2022 and the outcome […]