Thursday 2 February 2017

Latest Commodity Market Update By Experts

Indian Stock Market is struggling between the gains and the losses. Sensex is 30 points down at 28196 and Nifty is 10 points down at 8723. Stock Market Telecom stocks are gaining grounds on bourses with major stocks in the index trading in green on the BSE. MTNL is up by 14.78%, RCom is up by 14.52% and Infratel is up by 3.87%. Infratel contributing 38% to the index gains. 

PRECIOUS METALS: Precious metals prices rose to an 11- week high on Thursday after the U.S. Federal Reserve gave no clear signal on the likelihood of a March interest rate increase in its latest statement, prompting another drop in the U.S. dollar.

ENERGY: Crude oil prices trade lower yesterday, giving back early gains as traders grew less concerned about tensions between the United States and Iran.

BASE METALS: Industrial metal prices traded mixed yesterday as Fed’s status quo in interest rates led to weakness in the DX in the earlier part. However, focus soon shifted to US nonfarm report due Friday.

3 comments:

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