News Overview

COMEX Copper slipped heavily in last session as equities were hurt by aggressive stance from US policymakers about the need for tighter monetary policy, which also kept the dollar near a two-year peak. Asian equities also plunged with Japans Nikkei shedding around 2%. COMEX Copper futures lost more than 1% in last session and currently trades down 0.09% at $4.69 per pound. Powered by Commodity […]

RattanIndia backed Revolt Motors is expanding its retail presence in Southern India with the opening of new store in Nellore, Andhra Pradesh. After Vizag & Vijaywada, this will be the 3 retail outlet in the State and the 22nd addition to the existing marketplace in southern part of India. The company has been robustly expanding across the nation and aims to open 40+ new stores […]

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In B Group

The US Energy Information Administration reported an inventory increase of 2.4 million barrels for the week to April 1. This compared with a draw of 3.4 million barrels for the previous week. In gasoline, the EIA estimated an inventory draw of 2 million barrels for the week to April 1, which compared with a build of 800,000 barrels for the previous week. Gasoline production, the […]

WGC noted that Global gold ETFs had net inflows of 187.3t (US$11.8bn, 5.3% of AUM) in March, with assets just below the record of US$240.3bn, set in August 2020.1 March inflows were the strongest since February 2016, despite a significant rebound inequities and a strong US dollar performance. There were positive flows across all regions during the month, but most came from North American and […]

HDFC Bank: The bank proposes to raise funds by issuing Perpetual Debt Instruments (part of Additional Tier I capital ), Tier II Capital Bonds and Long- Term Bonds (Financing of Infrastructure and Affordable Housing) up to total amount of Rs. 50,000 crores over the period of next twelve months through private placement mode. Maruti Suzuki India: The company has announced to proactively and voluntarily recall […]

The Indian rupee is likely to extend weakness against the dollar in opening trades on Thursday, 07 April 2022 tracking strength in dollar overseas. Expectations of rate hikes by the U.S. Fed to rein in decades-high inflation are keeping the dollar index buoyant, a key headwind for the Indian rupee. Meanwhile, investors are awaiting the RBIs policy decision on Friday amid expectations that the central […]

SGX Nifty: Indian indices are likely to open on a weak note on Thursday tracking trends on SGX Nifty. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 100 points at the opening bell. Investors are awaiting the RBIs policy decision on Friday amid expectations that the central bank might retain status quo on interest rate. Global […]

The minutes of the Federal Reserve March meeting featured a continued discussion about reducing the size of the Feds balance sheet, which has swelled to about $9 trillion due to the central banks recently concluded asset purchase program. The Fed said participants generally agreed reducing the central banks holdings by about $95 billion per month would likely be appropriate, reflecting monthly caps of about $60 […]