Adani Enterprises Ltd., Adani Ports and SEZ Ltd., UltraTech Cement Ltd., Hindalco Industries Ltd., and SBI Life Insurance Co. were the top gainers in the gauge.
Rupee Largely Flat Against The U.S. Dollar
Rupee: The local currency opened at 82.72 against the greenback on Wednesday. It closed 82.70 on Tuesday.
Adding 25 bps to the May FOMC meeting | Gold Forecast after Fed
FOMC meeting: Morgan Stanley upwardly revised its Federal Reserve (Fed) rate forecasts after Fed Chair Jerome Powell’s speech.
Gold price (Yellow Metal) failed attempt to rebound from $1,860, Federal Reserve talks
Gold price (Yellow Metal) failed attempt to rebound from $1,860, as market sentiment stays sluggish amid mixed signals from the Federal Reserve and the geopolitical front. Adding confusion to the metal traders’ minds could be the lack of major data/events. Even so, the bullion remains on the bear’s radar as the United States Treasury bond yields remain firmer.
Adani Transmission Q3 Results: Profit Jumps On One-Time Regulatory Gain, Beats Estimates
Adani Transmission Ltd.’s third quarter net profit jumped on one-time regulatory gain and higher operating margin.
US inflation expectations probe greenback bulls
As markets await Federal Reserve (Fed) Chairman Jerome Powell’s reaction to the recently hawkish US data, sluggish inflation expectations seem to challenge the US Dollar Index (DXY) bulls during early Monday in Asia, following a two-day rebound from the multi-month low.
US-China tussles add strength to geopolitical tension and favor Gold sellers
US-China tension is extra burden for Gold (Yellow Metal)— Other than the United States data and monetary policy moves at the European Central Bank (ECB), as well as at the Bank of England (BoE), the latest geopolitical tension surrounding the US and China also exerts downside pressure on the Gold price.