News Overview

The Board of Directors of Forbes & Company has approved entering into and execution of a new Agreement For Sale (AFS) with the same party Equinix India Private Limited.

The UNs trade and development body has downgraded its global economic growth projection for 2022 to 2.6% from 3.6% due to the Ukraine war and to changes in macroeconomic policies made by countries in recent months. In an update to its Trade and Development report published on 24 March, UNCTAD says that while Russia will experience a deep recession this year, significant slowdowns in growth […]

MCX Copper slipped after recent gains and fell sharply in last session. The counter turned lower after testing upper Bollinger Band on 4 hourly charts and tested lows near Rs 810 per kg – exactly around 50 SMA on same charts. A good support is placed around Rs 808 per kg – 20 day SMA. MCX Crude oil eased after hitting Rs 8858 per barrel […]

Copper tanked amid weak economic cues. The COMEX Copper futures fell around 1% in last session to $4.72 per pound as recent uptick to two week high failed to sustain. The US Commerce Department said durable goods orders fell by 2.2% in February after jumping by 1.6% in January. The much bigger than expected decrease in durable goods orders came as orders for transportation equipment […]

The Indian rupee could gather some support in opening trades on Friday, 25 March 2022 from an easing dollar overseas after a two-day run. However, elevated crude oil prices are likely to continue to add pressure on the domestic currency. Foreign investors sell off from Indian markets is also expected to dampen rupee sentiments at the end of the week. On Thursday, rupee traded in […]

The US shares rebounded on Thursday, 24 March 2022, with the major averages all reached their best closing levels in over a month, as investors snapped up beaten-down shares after jobless claims fell to the lowest level since 1969. At the close of trade, the Dow Jones Industrial Average index advanced by 349.44 points, or 1.02%, to 34,707.94. The S&P500 index grew by 63.92 points, […]

Crude oil corrected after hitting two week high of $115 per barrel after G7 leaders urged oil-producing countries to step up production in order to fill the gap created by sanctions on Russia. Oil also eyed worries over Chinese demand as the country is fighting the worst Covid outbreak in two years and has locked down a number of cities. WTI Crude lost around 4% […]

G R Infraprojects announced that it received a Letter of Award (LoA) on 24 March 2022 for a road project from National Highways Authority of India (NHAI).

COMEX Gold futures saw an excellent upmove yesterday, rising for a second session amid good follow up buying. The rally from lows near $1910 per ounce extended and saw the metal spike around 1.30% to approach its one and half week high of $1960 per ounce. Gold moved in tandem with US dollar as the Russia-Ukraine war continued to be in focus. The United States […]

Tata Consumer Products: The meeting of the board of directors of the company is scheduled on 29 March 2022 to consider preferential issue of equity shares of the company. Exide Industries: Chloride Metals Limited, a material wholly owned subsidiary of the company has started commercial production at its newly set-up green field manufacturing facility of battery recycling at Haldia, West Bengal. Zen Technologies: The company […]