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.
MCX Silver Price Target 58000 or 65000? [04-02-2022]
MCX Silver Price Target. If mcx silver is close Below 59500. Buying can be risky at this level. To Enter Buy Position, Buy on Dips.
CE Info Systems Slips The Most In A Week [04-02-2022]
Shares of CE Info Systems fell over 4.5%, the steepest intraday decline in a week.
- The company approved acquisition of 75.98% of Gtropy Systems Pvt Ltd for Rs 13.5 crore. The indicative time period for completion of the acquisition is 45 days.
- Gtropy Systems, which belongs to IoE and logistics Software-as-a-Service Tech industry, had a turnover of 8.49 crore in FY21 and Rs 2.58 crore in FY2020.
- Gtropy Systems is likely to aid MapmyIndia in expanding IoT and SaaS solutions into CV fleet and OE market by providing route optimization, vehicle tracking, telematics and advanced navigation solutions.
- The company also declared interim dividend of Rs 2 per equity share bearing face value of Rs 2 each, for FY2022. The record date to ascertain the eligible members for the payment of interim dividend will be February 14, 2022.
Source: Bloomberg, Exchange Filing.
MCX Gold Trading Tips For Today: Yellow Metal Target Price – 48300—48525 | Buy Gold in Any Fall
MCX Gold Trading Tips For Today: The dollar index wasset forits biggest weekly drop since March 2020, lifting demand forthe greenback-priced bullion among buyers holding other currencies.
If Russia Makes an Incursion into Ukraine Expect Natural Gas Prices to Spike Significantly Higher
Natural Gas Critical Updates:
- If the weather stays cold natural gas demand will continue.
- If Russia makes an incursion into Ukraine expect Natural Gas prices to spike significantly higher. Be aware of the major risk in shorting natural gas right now.
Indian Bonds Are Poised For The Worst Weekly Decline Since December 2019
Indian Bonds Are Poised For The Worst Weekly Decline Since December 2019.
- Yield on benchmark 10-year government bonds climbed 5bps to 6.94% Friday and is up 19bps this week.
- This is the biggest weekly jump since December 2019 and come after the government unveiled record borrowing plan for the next year.
Source: Bloomberg
Adani Ports Handles Record 250 MMT In Ten Months Of Operations
Shares of Adani Ports & Special Economic Zone Ltd. rose nearly 1.2%, the biggest intraday gain in four days, after the company crossed a milestone of handling a record 250 MMT in ten months of operations and handled a cargo volume of 259 MMT.