Budget 2020

Market Movers: Metal stocks soar, SRF slumps; 39 scrips give buy signals

MUMBAI: Benchmark equity indices ended higher for the second successive session today, helped by strong cues from global markets and rise in some index heavyweights. The optimism was also aided by hopes that the ongoing second wave of Covid-19 in India may soon see its peak and that vaccination may increase in the coming weeks […]

Budget 2020

Gold rate today: Yellow metal trades flat, silver tops Rs 70,000

NEW DELHI: Gold prices were almost flat on Wednesday, as concerns over possibility of a higher US interest rates countered a subdued dollar, while palladium held firm after scaling a record high in the previous session. The gain in US treasury yields over the comments of rate hikes from Treasury secretary Jennet Yellen pressured gold […]

Budget 2020

Gold rate today: Yellow metal trades lower, silver near Rs 70,800

NEW DELHI: Gold and silver futures prices dropped lower up on Tuesday, as a stronger dollar and optimistic comments from US Federal Reserve Chairman Jerome Powell on the economy weighed on the metal’s safe-haven appeal. The dollar index was up 0.1 per cent against its rivals, making gold more expensive for other currency holders. The […]

Budget 2020

Healthy correction due in metal stocks: Nilesh Jain

“We are witnessing some sort of profit booking in the metal sector as a whole. But one should definitely wait for some more correction,” says Nilesh Jain, AVP-Derivative & Technical Research, Centrum Broking. Do you think that the technicals are in place for the rally in the steel counter to continue?After eight consecutive sessions of […]

Budget 2020

A rare metal, 3 times expensive than gold, gave better returns than even Bitcoin this year

There’s one metal that’s leaving all commodities — and even Bitcoin — in the dust this year. The challenge for investors is buying it. Iridium, one of the rarest precious metals and mined as a byproduct of platinum and palladium, has surged 131% since the start of January, far beating Bitcoin’s 85% gain. It has […]

Budget 2020

Sensex leaps 568 points to break 2-day losing streak; metal, FMCG stocks jump

NEW DELHI: Benchmark indices snapped a two-day losing streak on Friday as investors bought shares at low levels. Firm global cues also bolstered the sentiments on Dalal Street. Buying was seen in all sectors, led by metal and FMCG stocks. The equity market has been consolidating amid fears of economic recovery losing traction. Analysts expect […]

Budget 2020

GM announces partnership with lithium metal battery startup

GM executives said the technology being developed with SES will be used in future Ultium-based vehicles, the first of which go on sale this fall with the launch of the GMC Hummer electricpickup truck (Subscribe to our Today’s Cache newsletter for a quick snapshot of top 5 tech stories. Click here to subscribe for free.) […]

Budget 2020

Stock market update: Nifty Metal index jumps 4%; Hindustan Copper surges 10%

NEW DELHI: Nifty Metal index was trading with gains at 02:25PM (IST) on Thursday. Shares of Hindustan Copper (up 9.98 per cent), Coal India (up 7.79 per cent), Welspun Corp (up 5.26 per cent), Hindalco Industries (up 4.57 per cent) and National Aluminium Company (up 3.92 per cent) were among the top gainers. The Nifty […]