Oil prices extended gains and hit a four-week high on Wednesday, May 29, over expectations that the Organisation of Petroleum Exporting Countries and its allies (OPEC+) will extend output cuts at its upcoming policy meeting on June 2. Crude also gained on hopes that the fuel consumption or demand will […]
US Federal Reserve rate cut expectations
Spot gold rose 0.4 per cent to $2,338.67 per ounce as the US dollar index slipped 0.3 per cent, making gold relatively less expensive for other currency holders. US gold futures were up 0.2 per cent to $2,340.40. Bullion hit a record high of $2,449.89 on Monday, but has shed […]
In the fourth week of May, investors will keenly eye the ongoing the January-March quarter results for fiscal 2023-24 (Q4FY24), voter turnout, domestic and global macroeconomic data, foreign fund outflows, crude oil prices, and global cues. Domestic equity benchmarks traded firmly, drawing strength from lower levels as investors aligned with […]
The Nifty Metal index finished today’s trade with a gain of 1.54%, reaching 8,977 points. Looking at the individual stocks, Hindustan Zinc jumped over 18.65% to hit a new high of ₹541 apiece, and Hindustan Copper and Vedanta also gained over 4% in today’s intraday trade. Other stocks such as […]