Copper futures traded higher on MCX, on account of enlargement of portfolios by the participants tracking robust demand for electric vehicles and renewable energy technologies. Further, persisting supply disruptions and curtailed inventory positions also encouraged red metal buying.
Market News
Sensex, Nifty: Will stock market rally post US Fed rate cut decision today?
Benchmark indices Sensex and Nifty were range-bound in Wednesday’s trade, much in line with Asian peers, as investors globally eye the outcome of the two-day US Federal Reserve’s policy review later today. Analysts are largely betting on a 25 basis points (bps) rate cut, though they do not rule out a bigger 50-bp move. What stock investors would cheer, analysts said, is a small cut with a dovish Fed commentary on future rate cuts.
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Gold price dips Rs 10 to Rs 72,760, silver falls Rs 100 to Rs 85,800
Gold Price Today:The price of 24-carat gold dipped Rs 10 in early trade on Tuesday, with ten grams of the precious metal trading at Rs 72,760, according to the GoodReturns website. The price of silver fell Rs 100, with one kilogram of the precious metal selling at Rs 85,800.
Buy State Bank of India For Target Price Rs 535 | Neal Bhai Reports
Is it good time to buy SBI shares? – Buy call on State Bank of India with a target price of Rs 537. The current market price of State Bank of India is Rs 508.60.
Federal Reserve officials Signaled They are Ready to Cut Interest Rates
Federal Reserve officials signaled they are ready to cut interest rates by a quarter-percentage point at their coming meeting, while indicating the potential for additional reductions because they are worried about a slowdown in global growth, an increase in trade-policy uncertainty and a pullback in inflation.
Bonds Face Barrier in India as Banks Sell Into Every Rally
Public-sector banks have cut holdings by a net 290 billion rupees ($4 billion) this quarter, even as sovereign bonds are poised for their first quarterly advance in more than a year.
U.S. Plans More China Tariffs If Trump-Xi Meeting Fails, Sources Say
The United States is preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between presidents Donald Trump and Xi Jinping fail to ease the trade war.
BSE Launches Commodity Derivative Contracts in Gold & Silver – Gold Silver Reports
Leading bourse BSE Monday became the first stock exchange in the country to launch the commodity derivative contracts in gold and silver.
The Dollar Index has Fallen Four of the Five Times the FOMC met this Year
The US dollar is trading with a softer bias in tight ranges. The euro and sterling have been confined to yesterday’s ranges, while the greenback briefly traded above JPY113.00 for the first time in two months. The South African rand and Turkish lira are leading the most emerging market currencies higher.
How to Find SBI Clerk Result 2018 Step by Step – Gold Silver Reports
SBI Clerk Result 2018 — SBI Clerk Mains Result 2018 were released by the bank soon after the release of SBI PO Result 2018. The SBI PO Mains Result 2018 were declared last week. The results are available on SBI.co.in/careers.