Gold Silver Reports (GSR) – JTEKT Rebounds After Block Deal – Shares of the engineering company parred early losses and rose as much as 6.5 percent to Rs 102.
About 1.14 crore shares changed hands in a block deal, according to Bloomberg report. Buyers and sellers were not known immediately.
Gold Silver Reports (GSR) – PC Jeweller Prices Tanks After Scrapping BuyBack – The company withdrew its Rs 424-crore share buyback offer with immediate effect after the company failed to receive the requisite no-objection certificate from its bankers, according to its stock exchange notification.
Gold Silver Reports (GSR) – China, the biggest consumer of everything from copper to coal, has warned that the proliferation of tariffs could cause a global recession.
Gold Silver Reports (GSR) – Gold imports had amounted to $11.26 billion in the corresponding quarter of last financial year. The imports of the metal have been declining since January this year. Contraction in gold imports help contain the current account deficit.
Gold Silver Reports (GSR) – The ultra-long bonds are seen as a hedge to protect the portfolios of AMP Capital Investors Ltd. against the risks stemming from the U.S.-China trade frictions and less-synchronized global growth, according to Ilan Dekell, the head of macro for global fixed income at the asset manager.
China has vowed to fight back against the Trump administration’s plans to impose tariffs on an additional $200 billion in Chinese goods, albeit with a subtle shift in tone and talks may still be on the table.
Trend Sideways ⇒ Sell Gold MCX Between 30320 – 30420, Stop Loss (CBSL) – 30733 Target – 29840 ↔ 29692 ↔ 29544
Trend Sideways ⇒ Sell Silver MCX Between 39450 – 39650, Stop Loss (CBSL) – 40222, Target – 38524 ↔ 38120