The Navin Fluorine company reported a 7.7 times jump in its net profit for the March quarter, also aided by a MAT credit reversal of Rs 88.2 crore.
GSR
Russia is Expected to Announce Oil Supply Cuts at its Upcoming Meeting on Dec. 6.
U.S. crude prices were further pushed up by an announcement from Canada that Alberta province will force producers to cut output by 8.7 percent, or 325,000 barrels per day (bpd), to deal with a pipeline bottleneck that has led to crude building up in storage. Most of Alberta’s oil is exported to the United States.
Gold Rises as the US and China’s Pause on Tariff Escalation Weighs on the Dollar
Gold Silver Reports (GSR) – Spot gold was up 0.3 percent at $1,225.67 per ounce at 0407 GMT, while U.S. gold futures were up 0.4 percent at $1,230.4 per ounce.
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Sensex Zoom 100 Points – Banking, Metal Stocks Rocket
The benchmark BSE Sensex surged over 150 points on Wednesday on a buying build-up by participants, tracking a global rally. Moreover, short-covering of positions by speculators in view of tomorrow’s June monthly derivatives contract expiry contributed to the surge.
MCX Copper Tips Trade With 50-100-500 LotsIs 2016 the year of gold and silver?
Gold Silver Reports — Global economic and political instability (including geopolitical tension) has prompted investors to resort to safe haven assets in 2016, with bullion being the most preferred investment instrument this year.