MCX Natural Gas yesterday settled up by 7.79% at 362.5 driven by a bullish mix of expectations for higher demand due to warmer weather projections and sustained outages due to storm Ida while also tracking a rally in global gas prices.
Gold bears look to $1,758, ECB PEPP verdict in focus
Gold justifies the technical breakdown amid sour sentiment during early Thursday. That said, the yellow metal holds lower ground near $1,790, the lowest in two weeks by the press time. Fed tapering woes, virus-led economic fears and stimulus chatters keep bears hopeful.
Stocks For Today: ONGC, Infosys, TCS, Jindal Steel, SBI Life, UCO Bank, BASF India
Business News Today Stocks For Today: India’s stock benchmarks closed little changed on Wednesday after fluctuating between gains and losses in a volatile session, as gains in banking, consumer durables and power stocks were offset by losses in I.T., telecom and auto stocks.
MCX Natural Gas Short Covering Zone; Target 370+++ | Neal Bhai
MCX Natural Gas yesterday settled up by 0.29% at 341.7 as significant output remained offline in the aftermath of Hurricane Ida, exacerbating supply concerns in an already tight market.
Stocks For Today: ICICI Lombard, Jindal Steel, Engineers India, Dr. Reddy’s, Reliance Industries
India’s stock benchmarks closed at record on Friday aided by gains in energy, oil & gas and metal stocks.