CME Gold Spot Update 23 July, 2018 – Neal Bhai Reports

CME Gold Spot Update 23 July, 2018 – Neal Bhai Reports

Technical Power of CFA’s

(CHARTRED FINANCE ANALYST)

“No Magic, No Miracle, Just Power of Level”

Neal Bhai Reports (NBR) By CFA’s  and MFA’s Technical Team

Mobile No. 9582247600 & 9899900589

Consumer, Paint Stocks Surge After Government Cuts GST Rate

Gold Silver Reports (GSR) – Asian Paints, Berger Paints, Relaxo Footwears, Bata India, Havells India and Procter & Gamble shares all climb to record high closing levels after the government cut goods and services tax rate.      

GST panel on Saturday reduced goods and services tax on more than 50 products.        

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UPL Surges On Plans To Acquire Arysta Lifescience For $4.2 Billion

Gold Silver Reports (GSR) – Shares of the Mumbai-based agricultural chemical maker rose as much as 7.93 percent, the most in over two years, to Rs 593.20 after it agreed to acquire agri-pesticides maker Arysta LifeScience Inc…. for $4.2 billion in cash to become one of the world’s largest crop protection companies.   

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Rupee Trades Higher Against US Dollar

Gold Silver Reports (GSR) – Rupee trades higher against US dollar – The Indian rupee strengthened against the US dollar, tracking gains in local equity and Asian currencies market.

At 9.15am, the rupee was trading at 68.72 a dollar, up 0.20% from its previous close of 68.85. The currency opened at 68.77 a dollar.

The 10-year bond yield stood at 7.788%, from its Friday’s close of 7.786%. Bond yields and prices move in opposite directions. 

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