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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 […]

Prior to the IPO filing, we bring you the top 10 questions which might be answered in the IPO prospectus of LIC

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

Power Grid Corporation of India: The company reported consolidated net profit of Rs 3,292.97 crore in Q3FY22 against Rs 3,367.71 crore in Q3FY21. Total income rose to Rs 10723.61 crore from Rs 10359.48 crore YoY. ACC: The company reported consolidated net profit of Rs 281 crore in Q4FY21 as against Rs 472 crore in Q4FY20. Net sales rose to Rs 4137 crore from Rs 4066 […]

US wholesale inventories shot up by 2.2 percent in December after jumping by 1.7 percent in November, a report released by the Commerce Department on Wednesday showed. The continued spike in wholesale inventories came as inventories of durable goods soared by 2.6 percent and inventories of non-durable goods leapt by 1.6 percent. Meanwhile, the report showed wholesale sales edged up by 0.2 percent in December […]

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 […]

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 […]

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 […]