In addition, a good run in CBOT soy oil, which settled above 29 cents/pound levels after nearly four-months, has also added to the positive sentiments in edible oil. The lower-than-market expectation in soybean sowing area in US and stark reduction in US Soybean stock estimates by USDA have lifted soy oil prices in Chicago futures. … [Read more...] about Palm oil long-term outlook cautious over global demand worries
Market outlook for tomorrow nifty
“Seeing the current market situation, we would advise investors to invest in Bharat ETF Bond for the long term because the return is predictable and also earlier bonds have delivered annualised return in the range of 14-18 percent. Additionally, it has a high credit rating and a good tool for diversification into debt,” Ajit Mishra, VP - Research, Religare Broking told Moneycontrol. … [Read more...] about Rossari Biotech IPO, Bharat Bond ETF & Yes Bank FPO: Where should investors put their money?
The stellar performance of the scrip can be attributed to its digital arm Jio Platforms, which has raised Rs 1.18 lakh crore from April 22 by selling more than 25 percent stake to global investors including Facebook, General Atlantic, Intel Capital, Qualcomm Ventures, KKR, Saudi sovereign wealth fund etc. … [Read more...] about RIL now 51st most-valued firm in the world, among top 10 in Asia
We expect choppy trade along with US equity markets, however, general bias may be on the downside amid rising virus risks. The focus during the day will be on IEA’s monthly outlook, US weekly rig activity report, storm activity in the Atlantic and development relating to virus outbreak. … [Read more...] about Gold prices likely to remain choppy amid geopolitical risks: Kotak Securities
Economic indicators from major economies are also pointing to a pick-up. Amid other factors, gold is supported by increased US-China tensions. ETF outflows also show some profit-taking by investors. Gold holdings with SPDR ETF fell by 0.36 tonne to 1200.458 tonne. This is the second consecutive decline in holdings after they tested the highest level since April 2013. … [Read more...] about Gold may remain choppy, copper prices to head higher: Kotak Securities