News Overview

Copper eased slightly on Wednesday, following a more than 0.7% gains in the previous session boosted by speculation over the scaling back of COVID-related restrictions in major importer China. The worlds largest copper importer has been grappling with rising Covid infections lately. Besides, choppy trading on Wall Street amid lingering uncertainty about the situation in China following widespread protests over the countrys Covid restrictions also […]

The US stocks were mostly lower in choppy trading session on Tuesday, 29 November 2022, with the Dow finishing above the unchanged line, while the Nasdaq and S&P 500 closed lower for the third straight session, as investors closely watch developments in China and economic data. The choppy trading on Wall Street came amid lingering uncertainty about the situation in China following widespread protests over […]

Gold stayed supported on Wednesday, tracking a weak dollar overseas ahead of Fed Powells speech later in the global day that would be closely evaluated. The dollar index has fallen to 106.64 from a 20-year high of 114.78 on Sept. 28 as investors look toward the U.S. central bank reaching a peak rate early next year with inflation pressures expected to subside. COMEX gold is […]

The quota for QIBs got subscribed 0.76 times, while the category for NIIs saw 8.74 times subscription. The portion for RIIs received 7.75 times subscription and that for employees got subscribed 3.75 times.

Wipro: Wipro announced that it is an official launch partner for Amazon Security Lake from Amazon Web Service (AWS), which provides the modern enterprise with intelligent security data to solve more security use cases, increase security visibility and reduce threats. Biocon: Biocon Biologics, a subsidiary of Biocon announced that it has successfully completed its multi-billion-dollar (USD) acquisition of the global biosimilars business of its partner […]

US crude oil inventories sagged by another 7.85 million barrels, American Petroleum Institute (API) data showed on Tuesday, after dropping 4.2 million barrels in the week prior. US crude inventories may have grown by roughly 13 million barrels so far this year, according to API data, but crude stored in the nations Strategic Petroleum Reserves sunk by nearly 16 times that figure so far this […]

The weakening of China due to its Government's draconian Covid policy is being seen as advantageous for India by Foreign Investors

Brent crude futures had increased by 65 cents or 0.8% to $83.68 per barrel, while U.S. West Texas Intermediate (WTI) crude futures had increased by 68 cents or 0.9% to $78.88 per barrel.

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 5 points at the opening bell. Global markets: Overseas, Asian stocks are trading mixed on Wednesday. Chinese health officials on Tuesday announced measures to boost vaccination among the elderly, as per reports. U.S. stocks edged lower Tuesday with investors continuing to monitor Chinas COVID policy and […]

Amazon Security Lake, launched at AWS re:Invent, allows customers to build a security data lake from integrated cloud and on-premises data sources as well as from their private applications.