COMEX Copper stayed supported despite broad economic worries as LME Copper inventories dropped further to register fresh five month lows near 100000 tonnes. Fall in inventories coupled with positive equities is lending support to the red metal, taking COMEX Copper above $3.50 per pound. The red metal also eyed supply concerns stemming from a strike in Chiles Escondida mine. The unionized workers at Chiles Escondida, […]
Jubilant Foodworks has granted 58,916 stock options under ESOP. Powered by Capital Market – Live News
COMEX Gold fell near $1700 per ounce mark amid sustained selling pressure and worries over ETF demand. MCX Gold also approached the Rs 50000 per 10 grams mark. Global gold ETFs registered outflows of 51t (US$2.9bn, 1.4%) in August, in line with price performance. This was the fourth consecutive month of outflows. Funds have now given back two-thirds of the inflows accumulated through April; y-t-d […]
WTI Crude oil futures tried to edge up after testing around $80 per barrel- the lowest level since January on worries over a global slowdown. Prices were also hurt due to the US dollars surge to an all-time high. The recent wave of selling ensured that oil gives back all the gains after the latest output cut from OPEC. Markets focused vehemently on developments in […]
Net inflows into equity-oriented mutual fund (MF) schemes dropped 31% month-on-month to Rs 6,120 crore in August, according to the monthly data released by the Association of Mutual Funds in India (AMFI). This is the lowest inflow equity funds have witnessed in the last 10 months. Within the equity category, sectoral/thematic funds segment saw the biggest outflow at Rs 1,267 crore, while the ‘mid cap […]
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