Crude Oil extended gains in Asia from the highest close since 2014 after a key pipeline running from Iraq to Turkey was hit by an explosion, taking out crucial supply from an already tight market.
The Fed Will Draw in its Horns a Little | Gold Silver Reports
Fed Outlook: A small number of releases today–the Empire State manufacturing index, NAHB housing market index, and late in the day, TICS. Also, Opec issues its monthly report.
Easy Trip Becomes First Indian Online Travel Firm
Shares of Easy Trip Planners Ltd. rose nearly 2%, the biggest intraday gain in four sessions to Rs 589 apiece after the company announced India’s first-ever exclusive partnership with Flybig in scheduled commuter airline segment.
Adani Green Energy Jumps 45% In 13 Sessions
Shares of Adani Green Energy Ltd. rose for the 13th session, on track for the longest winning streak in 19 months.
- The relative strength index on the stock was 87, suggesting it may be overbought. Trading volume on the stock was nearly three times the 30-day average volume at this time of the day.
Source: Bloomberg
NTPC Has 4.55 Million Shares Change Hands In A Bunched Trade
- NTPC Ltd. has 4.55 million shares change hands in a bunched trade.
- Details of buyers and sellers are not known immediately.
Source: Bloomberg
UltraTech Cement Q3 Review: Analysts Flag Near-Term Pain, Expect Price Hikes
Shares of UltraTech Cement Ltd. fell as analysts reiterated concerns over input inflation.
The cement maker’s operating income fell and margin contracted over the year earlier, missing estimates, in the three months ended December as raw material costs surged. Its net profit, however, rose year-on-year, aided by a decline in finance costs.
Gold Steady as Investors Weigh Policy Outlook, Omicron Concerns
Gold was steady as investors weighed the outlook for monetary policy against the risks posed by the omicron virus variant to the global economic recovery.