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Gold soared on choppy moves in the equities and a more than 1% drop in the US dollar index. Following the sell-off seen in the previous session, stocks saw substantial volatility during trading on Thursday. The major averages showed wild swings over the course of the session before closing in negative territory. COMEX Gold moved up near $1840 per ounce following this. Powered by Commodity […]

Abevmy, co-developed by Biocon Biologics and Viatris, is a biosimilar to Roches Avastin (Bevacizumab) and has been approved by Health Canada across four oncology indications.

HPCL: The company reported consolidated net profit of Rs 2018.45 crore in Q4 FY22 as compared to net profit of Rs 3060.70 crore in Q4 FY21. Total income rose to Rs 106533.84 crore from Rs 85754.76 crore. Godrej Consumer Products: The company reported consolidated net profit of Rs 363.24 crore in Q4 FY22 as compared to net profit of Rs 365.84 crore in Q4 FY21. […]

The US stock market finished volatile session in negative territory on Thursday, 19 May 2022, in a continuing selloff driven by investor fears that the economy could be pitched into a recession amid backdrop of rising prices and tightening monetary policy. Major US indices dropped more than 3.5% on Wednesday, buffeted by worries about rising prices cutting into profit margins following disappointing results from retail […]

US natural gas working stocks increased by 89 Bcf in the week ended May 13. Inventories rose to 1.732 Tcf for the week ended May 13, the US Energy Information Administration reported May 19. The injection was more than the 71 Bcf build reported during the corresponding week in 2021 as well as the five-year average build of 87 Bcf, according to the EIA data. […]

Sales rise 101.14% to Rs 438.93 crore

Reported sales nil

SGX Nifty starts the day on the rise

WBMS data showed that global copper market recorded a deficit of 189 kt in January to March 2022 which follows a deficit of 473 kt in the whole of 2021. Reported stocks (including LME off warrant stocks) at the end of March 2022 were 94.5 kt higher than at the end of December 2021. Net deliveries into Shanghai warehouses were 63.9 kt and Comex stocks […]