Gold Silver Reports (GSR) – Crude Oil Slip Before Iran Decision News By Neal Bhai MFA Technical Analyst — U.S. stocks slumped as utility and telecom shares fell. West Texas crude sank as much as 4.4 percent before paring the loss as a U.S. official said Trump would quit the accord. The greenback strengthened for a third day. Ten-year Treasury yields approached 3 percent after JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon warned a climb to 4 percent may be coming.
Forex Update: The euro is the official currency of 21 of the 27 member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 euro cents.
Currency Trading Tips: The Australian dollar held its ground on Friday, lifted by a rebound in global stocks and unfazed by a firmer U.S. dollar on the back of growing expectations that interest rates there will be on hold for longer.
Gold Silver Reports (GSR) – SBI Gains After Block Deal – Shares of the country’s largest lender rose 1.83 percent to Rs 251. The stock saw 11 shares change hands in a block deal.
Gold Silver Reports (GSR) – Bank Nifty 26,000 Call Most Active On NSE – Nifty Bank’s 26,000 strike price call option was among the most active option contracts on the National Stock Exchange. Premium on the contract surged 56 percent to Rs 87.50. Over 1.74 lakh shares were added to the open interest which stood at over 8.18 lakh shares.
Gold Silver Reports (GSR) – ICICI Bank In-The-Money Call Options More Than Double – Premiums on in-the-money strike price call option contracts of ICICI Bank surged more than 100 percent.
📌 Premium on ICICI Bank 290 call rose 99 percent to Rs 26.20
📌 Premium on ICICI Bank 300 call rose 111 percent to Rs 18.70
📌 Premium on ICICI Bank 310 call surged 127 percent to Rs 12.50
📌 Premium on ICICI Bank 320 call surged 128 percent to Rs 7.75
Gold Silver Reports (GSR) – Tata Coffee Falls After March Quarter Profit Slumps – Shares of the Bangalore-based coffee producer fell as much as 7.2 percent, the most in over three months, to Rs 123.70 after its profit in March quarter slumped.
Key earnings highlights:
📌 Net Profit down 86 percent at Rs 6.5 crore
📌 Revenue up 9 percent to Rs 440 crore
📌 EBITDA down 67 percent to Rs 37 crore
📌 EBITDA Margins at 8.5 percent versus 28.2 percent