OPEC+ To Extend Oil Production Cuts Till April. The Organization of the Petroleum Exporting Countries Plus, in its latest meeting, agreed to extend production cuts from March to April 2021.
Two-Wheeler Retail Sales Fall For Fourth Straight Month. Sales of two-wheelers at dealerships stayed below the pre-pandemic level as registrations fell for the fourth straight month amid waning pent-up demand and mounting fuel prices.
Stocks tips For Today : Engineers India, Jaiprakash Power Ventures. Indian equities snapped a three-day winning streak, ending lower on the weekly options expiry session. Weakness was witnessed across the board, especially in banking and metal stocks. The S&P BSE Sensex ended 1.1% lower at 50,846 while the NSE Nifty 50 declined 1.1% to end at 15,080. While the Sensex recovered 300 points, the Nifty recovered 100 points from their respective day’s low.
Powell set to rock the dollar, Gold and Stocks. Calm before the storms – markets found some solace, but it hinges on new soothing words from Federal Reserve Chair Jerome Hayden “Jay” Powell (born February 4, 1953) is the 16th chair of the Federal Reserve, serving in that office since February 2018.While the world’s most powerful was testifying before Congress, stocks held up.
Powell Outlook :Calm before the storms – markets found some solace, but it hinges on new soothing words from Federal Reserve Chair Jerome Powell. While the world’s most powerful was testifying before Congress, stocks held up. However, Thursday after his testimony, all hell broke loose with bonds and stocks sinking in tandem, placing the dollar back on its throne.
Nickel MCX Tips Today : All Target Price Hit Low 1184.30. Nickel MCX yesterday settled up by 0.49% at 1364.1 as global manufacturing activity is surging as government-support programmess and low interestrates protect consumers’ incomes while restrictions on leisure travel and other services divert spending into merchandise.