News Overview

COMEX Copper stayed somewhat supported on steady US economic cues. First-time claims for U.S. unemployment benefits saw a modest decrease in the week ended April 2nd, according to a report released by the Labor Department on Thursday. The report showed initial jobless claims dipped to 166,000, a decrease of 5,000 from the previous weeks revised level of 171,000. The low reading was the result of […]

The board of Simplex Infrastructure will consider a proposal to raise funds on Tuesday, 12 April 2022.

On 28 April 2022

Stakeholders Empowerment Services recognizes Infosys for demonstrating exceptional leadership and commitment toward ESG efforts and practices.

The US share market recouped early losses to finish session higher on Thursday, 07 April 2022, with shares of healthcare and energy companies leading rally. However, market gains capped as traders seemed reluctant to make more significant moves amid uncertainty about the near-term outlook for monetary policy. Adding to cautious sentiment, Russian Foreign Minister Sergei Lavrov said Ukraine had presented Moscow with a draft peace […]

The US Energy Information Administrations (EIA), in its weekly storage report, reported a 33 Bcf withdrawal from inventories for the week ending April 1, a steeper draw than expected. The EIAs 33 Bcf withdrawal was well within the range of expectations that spanned from 3 Bcf to 44 Bcf. Last year, 19 Bcf was injected into storage during the similar week, while the five-year average […]

The Indian rupee is likely to stay cautious in early trades on Friday, 08 April 2022 awaiting RBI policy outcome. Besides, a bolstered American currency amid hawkish stance of the US Federal Reserve, negative trend in domestic equities and elevated oil prices amid the Russia-Ukraine conflict are seen adding pressure on the local unit. The Reserve Bank of India (RBI) Governor-headed rate setting panel — […]

COMEX Gold futures are slippery on US interest rate hike worries. The metal has been hurt on prospect of aggressive global rate hikes despite worries over the Ukraine war front keeping safe haven buying somewhat present at lower level. The rising treasury yields and firm US dollar index which is around 100 mark right now, are capping Gold. COMEX Gold futures are currently trading at […]

Shares from interest rate sensitive auto, banking and realty sectors will be in spotlight ahead of the Reserve Bank of Indias (RBI) monetary policy decision today, 8 April 2022. Infosys: Infosys and Rolls-Royce, one of the worlds leading industrial technology companies, inaugurated their joint Aerospace Engineering and Digital Innovation Centre in Bengaluru, India. This centre has been established to provide high-end research and development (R&D) […]

US first-time claims for unemployment benefits dipped to 166,000 in the week ended April 2nd, according to a report released by the Labor Department on Thursday, a decrease of 5,000 from the previous weeks revised level of 171,000. The Labor Department said the less volatile four-week moving average also slipped to 170,000, a decrease of 8,000 from the previous weeks revised average of 178,000. Powered […]