Gold lost more than 2% on Tuesday to sink further below the $1,800 support level as a sharp rally in the dollar and rising interest rates sapped appetite for the non-yielding asset. Spot gold was trading at $1,765.22 per ounce by 1:45 p.m. ET (1745 GMT), having earlier declined as much …
Gold prices drop over 2% in selloff sparked by strong dollar Read More »
Axis Asset Management Company, which had sacked its two fund managers in May, on Tuesday said a detailed probe has found that they had violated securities law but emphasised that their conduct would not have any impact on its operations. The mutual fund promoted by Axis Bank terminated the services of its chief trader and …
The average market clearing price in the day-ahead market (DAM) on the Indian Energy Exchange cooled further in June, from the record high prices in April 2022, helped by increased availability of power and monsoon rains providing respite from record summer temperatures. “IEX achieved 8,267 million unit volume in June comprising 7,058 MU in conventional …
IEX day-ahead market prices soften further in June Read More »
New Delhi: Capital markets regulator Sebi on Tuesday barred Profit Redefine Financial Solution and its proprietor Sanjay Yadav from acting as investment advisors for providing unauthorised trading tips and stock recommendation to investors. Besides, they have been restrained from accessing the securities market for six months. The order comes from an interim order-cum-show-cause notice dated …
Oil prices tumbled Tuesday with the U.S. benchmark falling below $100 as recession fears grow, sparking fears that an economic slowdown will cut demand for petroleum products. West Texas Intermediate crude, the U.S. oil benchmark, slid 8.4%, or $9.14, to trade at $99.29 per barrel. The contract last traded under $100 on May 11. International …
Oil plummets below $100 as recession risks come to forefront Read More »
The Bank of England warned Tuesday that recent cryptocurrency meltdowns that wiped out more then $2 trillion in value highlight the need for tougher financial regulations The U.K.’s central bank said that the crashes exposed vulnerabilities in the crypto markets reminiscent of previous bouts of financial turmoil. Extreme volatility in the crypto markets, including so-called …
Bank of England: Crypto crashes show need for tougher rules Read More »
Copper fell to the lowest level in 17 months, with metals extending losses as global recession fears continue to damp the demand outlook for commodities. Sentiment remains sour for the industrial materials used in everything from construction to new energy vehicles. Copper, widely considered an economic bellwether, is trading solidly below …
Copper sinks to 17-month low as recession fears dominate trade Read More »
on Tuesday reported a total default of Rs 470.18 crore on payments of interest and repayment of principal amount on loans from banks and financial institutions for the quarter ended June 30, 2022. The debt-ridden company, which is pairing its debts through asset resolution, has a total debt of Rs 495.18 crore, including short-term and …
Coffee Day Enterprises’ total default at Rs 470.18 crore in first quarter of FY23 Read More »
Wall Street’s main indexes opened lower on Tuesday, with investors fretting about the possibility of an economic recession as central banks across the world take aggressive actions to contain a surge in inflation. The Dow Jones Industrial Average fell 532 points, or about 1.71%. The S&P 500 dipped 1.5%, and the tech-heavy Nasdaq Composite shed …
Dow falls more than 500 points as Wall Street grapples with recession fears Read More »
Brent oil slipped on Tuesday as concerns of a possible global recession curtailing demand outweighed supply disruption fears, highlighted by an expected production cut in Norway. Brent crude was $1.33, or 1.2%, lower at $112.17 a barrel by 1231 GMT, while U.S. West Texas Intermediate (WTI) crude rose 30 cents, or 0.3%, to $108.73 a …
Brent falls as recession fears deepen demand concerns Read More »
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1. UPL LTD Buy At – 732Stop Loss – 726Target – 737 to 740 2. Granules India Buy At – 373Stop Loss – 370Target –
1. Larsen & Toubro Buy At – 1966Stop Loss – 1954Target – 1975 to 1980 2. Shriram Transport Buy At – 1254Stop Loss – 1238Target
1. Graphite India Sell Below – 392Stop Loss – 394Target -390 to 389 2. Balkrishna Industries Buy At – 2041Stop Loss – 2027Target – 2050
1. JSW Steel Limited Sell Below – 625Stop Loss – 630Target -620 t 618 2. Kotak Mahindra Bank Buy at – 1877Stop Loss – 1864Target
1. SHRIRAM TRANSPORT Buy At – 1389Stop Loss – 1380Target -1398 to 1402 2. TATA Motors LTD. Sell Below – 456Stop Loss – 459Target –
1. Axis Bank Buy At – 787Stop Loss – 782Target -792 to 795 2. Bharat Petrol Company Buy At – 341Stop Loss – 338Target –
