Shares of MCX (Multi Commodity Exchange) surged over 4.5%, the most in two weeks after the markets regulator SEBI allowed stock exchange with commodity derivative segment, to introduce options on commodity prices.
Ananya
Brent Crude oil Skyrockets Above 120.00
Brent Crude oil skyrocketed yesterday, hitting levels lastseen in February 2013. The advance broughtthe price temporarily above 120.00, and then wehad a small setback. Overall, the black liquid remains well above the upside support line drawn from the low of December 20th, and thus, we would consider the picture to be as bullish as it can get.
Ukraine President Says Russia Targeting Civilian Areas
Ukraine President President Zelensky says Russian forces are targeting civilian areas.
- He urged Russians to protest against the invasion.
- Zelensky hailed Ukrainians for their “’heroism” and said Ukraine forces are “doing everything possible” in the situation.
Source: AFP
Silver Forecast: A Bullish Signal in the Near Term [23-02-2022]
Silver Forecast and Target Price: Spot silver (White Metal) prices today broke out to fresh monthly highs, surging beyond Tuesday’s highs in the $24.30 per troyounce area to hit the $24.50 mark, boosted asfears of a Russian invasion into Ukraine rose. At current levels near highs of theday in the $24.40s, silver prices currently trade with on theday gains of nearly 1.5%, with the bulls now eyeing a test of annual highs printed back in mid-January in the $24.70s.
Russia-Ukraine Conflict Has Intensified in the Past Few Hours
The Russia-Ukraine conflict has escalated over the past few hours. Subsequently, gold has climbed to around $1,914, the immediate vicinity of last June’s high. Strategists at Commerzbank expect gold (Yellow Metal) to post further gains as Ukraine situation looks increasingly alarming.
With the escalation of the crisis on Ukraine, Curde Oil prices will rise again
Curde Oil prices: WTI oil (Black Gold) extends pullback from new 7-year high and holding comfortably below psychological $90 level, on track for the first bearish weekly close (down over 6% for the week) after rallying for eight consecutive weeks.
Ambuja Cements Slips The Most In Nearly Three Weeks
Shares of Ambuja Cements Ltd. fell over 4%, the most in nearly three weeks after the company reported a decline in net profit in the quarter ended December.
Stock Market: What’s dragging market today?
Stock Market: “Indian markets witnessed a sharp fall on the back of rising geopolitical tension between Russia and Ukraine. This geopolitical tension is leading to a sharp rise in crude oil prices which is another headwind for Indian equity markets.
Nifty resistance at 17800 for this week’s F&O expiry
On the technical aspect, the three days of continuous buying spree indicates the market uptrend, wherein the key indicators have also turned bullish. As far as levels are concerned, the base for Nifty inched higher to 17500 followed by 17300 on an immediate basis. On the flip side, as the market gains momentum, the recent swing high of 17800 should easily be tested and any breach above the same could direct the index towards the psychological junction of 18000.
Sensex, Nifty Open Little Changed; Tata Steel, Power Grid Advance
India’s stock benchmarks opened little changed, aslosses in information technology, banking stocks were offsetby gainsin metal, energy and oil and gas stocks, amid risein oil prices and decline in global equities.