Oil prices fell more than $7 a barrel on Tuesday, the steepest decline in about a month, on fears that an inflation-induced weakening of global economies would soften fuel demand and as unrest in Iraq has failed to put a dent in the OPEC nation’s crude exports. Brent crude futures for October settlement were down …
Oil slides more than $7 on inflation and Iraq exports Read More »
Copper prices fell to their lowest in more than two weeks on Monday after U.S. central bank chief Jerome Powell warned of a painful period of slow economic growth and as COVID-19 restrictions in top consumer China hit sentiment. Benchmark copper on the London Metal Exchange (LME) was down 3.5% at …
Copper prices slide after Fed’s growth warning triggers sell-off Read More »
The price of aluminium is likely to go up in the medium term due to factors like surge in demand, Crisil Research on Tuesday said. The price of the metal fell 45 per cent from the March 2022 peak to around 2,400 dollar per tonne now due to factors like lockdown …
Aluminium prices may go up over medium term, says Crisil Research Read More »
Gold price in the national capital on Tuesday fell Rs 66 to Rs 51,469 per 10 grams amid rupee appreciation, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 51,535 per 10 grams. Silver, however, gained marginally by Rs 4 to Rs 55,550 per kilogram from Rs 55,546 per …
The continuous futures of lead on the MCX (Multi Commodity Exchange) has been rallying since mid-June. It bounced off the support at ₹166 and made a two-month high of ₹186.1 last week. While the current contract is hovering around ₹184, the next month contract i.e., the September expiry is trading at ₹180. Thus, next month’s …
Coal India Ltd (CIL) is planning to set up a coal-to-chemical (C2C) plant utilising high ash coal to produce ammonium nitrate at Mahanadi Coalfields Ltd (MCL) in Odisha. Ammonium nitrate is an important component in manufacturing of explosives, extensively used in the CIL mines. According to Pramod Agrawal, Chairman and Managing Director, CIL, the C2C …
Aluminium prices are set to bounce back from is bottom due its supply constraints amid steady increase in demand. The prices have plunged 45 per cent from the March peak of about $2,400 a tonne now, driven by Chinese lockdowns and easing of supply concerns, said Crisil Research. Despite the fall, aluminium prices are 40-45 …
Aluminium prices set to rebound amid supply constraints, rising demand Read More »
Dreamfolks IPO Review Dreamfolks Services Ltd is coming up with its IPO, and it will open for subscription on August 24th, 2022, and close on August 26th, 2022, while it is looking to raise Rs 562.10 Cr whole of which will be an offer for sale. About The Company It acts as a service provider …
Dreamfolks IPO Review 2022 – GMP, Strengths & Weaknesses Read More »
What are Nifty and Sensex? To understand what is Nifty and Sensex one needs to understand the Indian stock exchanges first, but first, let’s discuss the two major stock exchanges in India that are the BSE and the NSE along with their indexes. Bombay Stock Exchange (BSE) It is an Indian stock exchange which is …
What is Nifty and Sensex? Basics of Stock Market Index! Read More »
Crude oil futures traded lower on Tuesday morning following concerns over inflation in major economies and moves by their central banks to control it. At 10.30 am on Tuesday, October Brent oil futures were at $104.10, down by 0.91 per cent, and October crude oil futures on WTI were at $96.40, down by 0.68 per …
Crude oil dips amid fears inflation may hit offtake Read More »
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