Oil extended declines — after four weeks of losses — on signs the U.S., China and Japan are all preparing to tap national crude reserves as concerns over accelerating inflation intensify.
Reliance Industries – Aramco Deal off After Agreeing To Re-evaluate
Shares of Reliance Industries Ltd. shed over 4% in intraday trade to Rs 2,370 apiece, after the company and Saudi Aramco have agreed to re-evaluate the latter’s proposed investment in RIL’s oil-to-chemicals business. Reliance will withdraw its application with NCLT for segregating the O2C business. The decision to re-evaluate the proposed investment follows RIL’s recently announced plans to develop green energy giga complex at Jamnagar.
Nifty 50 Technical Weekly Repot – 21-11-2021 — Neal Bhai
Nifty 50 Technical Weekly Repot: The last week was a bit of a write-off for the bulls. In a slightly truncated week, the prices declined for all four sessions and the Nifty 50 ended down, threatening the swing low made back at the end of October.
Free MCX Copper Tips: Below 721 Sell 100-500 Lots Target – Neal Bhai
Free MCX Copper Tips: Copper yesterday settled down by 1.98% at 718.65 as expectations of U.S. interestrate rises lifted the dollar to 16-month highs.
Vedanta Weighs Demerger To Simplify Corporate Structure
Vedanta Ltd. plans to review its corporate structure more than a year after its proposal to go private failed.