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.
Ananya
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.
Golden Opportunity to Buy Gold Silver [05-02-2022]
Golden Opportunity to Buy Gold Silver: According to commodity market experts, overalltrend for gold price is bullish as soaring crude oil prices have put global inflation concern at alarminglevel forcing Bank of England to increase interest rate by 25 bps. Similarly, European CentralBank and US Federal Reserve are hawkish on interest ratehike but recent appreciation in Euro and Pound against the US Dollar (USD) is going to support gold price rally further.