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Gold is seen bouncing higher in early Asia in response to a slight weakness in the American currency that is paring gains following a sharp spike since early this week. The dollar index, which climbed to a fresh 20-year high at 107.26, is currently down nearly 0.20% at 106.68. However firm US treasury yields following the Federal Open Market Committee (FOMC) Minutes that saw Fed […]

The Mumbai-based steel making company said that the Groups combined crude steel production for Q1 FY23 was 5.88 million tonnes, registering a growth of 16% YoY.

Japans leading index declined in May after improving in the previous two months, preliminary data from the Cabinet Office showed. The leading index, which measures future economic activity, dropped to 101.4 in May from Aprils 4-month high of 102.9. The coincident index that measures the current economic situation also weakened to 95.5 in May from a stable reading of 96.8 in the previous month. The […]

Gold is seen bouncing higher in early Asia in response to a slight weakness in the American currency that is paring gains following a sharp spike since early this week. The dollar index, which climbed to a fresh 20-year high at 107.26, is currently down nearly 0.20% at 106.68. However firm US treasury yields following the Federal Open Market Committee (FOMC) Minutes that saw Fed […]

The bonds bear a Coupon Rate of 8.75% p.a.

Gujarat Alkalies and Chemicals (GACL) gained 2.59% to Rs 705.75 after the company said that it has collaborated with NTPC Renewable Energy (NTPC REL) for renewable energy and green chemicals.

LME Copper inventories fell in last session, easing from a four week high. The inventories dropped by 625 tonnes to 135775 tonnes. The stockpiles had fallen near a seven week low before moving up though the latest drop indicates sustained demand for the metal stocked in exchange warehouses. Powered by Commodity Insights

Strong show likely, watch out for commentary on any slowdown in demand

According to a statement released with BSE, Canara Bank has increased the marginal cost of funds-based lending rate (MCLR) and repo-linked lending rate (RLLR) across tenors with effect from July 7, 2022.

The domestic equity benchmarks traded in a narrow range with modest gains in the early afternoon trade. The Nifty traded a tad above the 16,100 mark. PSU bank shares extended gains for second consecutive trading session. At 12:29 IST, the barometer index, the S&P BSE Sensex, was up 361.3 points or 0.67% to 54,112.27. The Nifty 50 index added 111.50 points or 0.70% to 16,101.30. […]