Gold steadied near a one-week high on Thursday as the dollar weakened, but the yellow metal traded in a narrow $8 range as investors held back from making large bets ahead of the European Central Bank's monetary policy decision due later in the day. … [Read more...] about Gold at one-week high as weak dollar supports; ECB meet in focus
High to low
"Indian indices again had a strong showing today, backed by strong gains in the shares of RIL, which alone contributed to more than half of the gains seen on the Nifty. Suitors lining up for potential stake sale in Reliance Retail drove its gains today,” Vinod Nair, Head of Research at Geojit Financial Services told Moneycontrol. … [Read more...] about Taking Stock: RIL at record high; Sensex jumps 600 points, Nifty reclaims 11,400
Utility vehicles, which SUVs are a part of, grew by 15 percent during August, commanding an unchanged share of 37 percent. Sales of passenger cars grew by 14 percent during the same month, holding a share of 58 percent. The remaining share is held by vans. … [Read more...] about Car, SUV sales hit high gear in Aug; bikes, scooters scrape through
Market participants are however, cautious largely because tax cuts and deregulation have already been priced in, with the rally through the last three months. Recent executive orders by Trump, which will likely slow the flow the talent into the country and raise geopolitical tensions, did prove to be a setback to the feel good sentiment, but has not been enough to really dent the rally. Further, Dallas FED President Robert Kaplan reiterated the FED view, for sooner rather than later rate hikes, This along with recent upbeat US economic data have spiked rate hike chances in March to 50%. Higher interest rates will support bond markets, which could prompt an outflow from equities. … [Read more...] about Dow Heading To More Record Highs?
In the futures market, copper for September delivery touched an intraday high of Rs 519.90 and a low of Rs 515.70 per kg on the Multi-Commodity Exchange (MCX). So far in the current series, the precious metal has touched a low of Rs 486 and a high of Rs 531. … [Read more...] about Copper futures rise 0.87% to Rs 519.55 per kg on positive global cues