Hindalco, Vedanta Gain After Aluminium Rises In International Market

Hindalco, Vedanta Gain After Aluminium Rises In International Market 

Shares of Hindalco and Vedanta rose as much as 2.8 percent and 2.7 percent each respectively after aluminium prices rose in international markets after buyers stopped buying aluminium from the world’s largest manufacturer — Rusal following sanctions imposed by U.S.           

READ MORE…

Best Run in 11 Years Beckons for Metals as China Drives Rally

Gold Silver Reports — Industrial metals including copper and aluminum are heading for the longest run of weekly gains in London in more than a decade on investor optimism driven by China, with demand holding up in the largest user just as policy makers press on with reforms that should curb supply.

READ MORE…

U.S. Stocks Decline on Tech Woes, Treasuries Slide

MCX Aluminium Trading Key Zone 120-127

Gold Silver Reports — Technically Aluminium market is getting support key at 122.80 and below same could see a test of 121 key level, And resistance key is now likely to be seen at 126, a move above could see prices testing 127. 

READ MORE…

Copper MCX May Trading Levels of 308-316

Copper MCX May Trading Levels of 308-316Gold Silver Reports — Copper may move in the range of 308-316. Lead can hover in the range of 113.50-115 while zinc can move in the range of 125 -129. Nickel may move in the range of 555-580 in MCX. Aluminum can move in the range of 103-106 in MCX.

READ MORE…