Total refined nickel production in the first half of 2010 rose to 45,458 tonnes, 8% higher than the same period last year. Improved volumes were achieved by processing internally all of the feed from Xstrata Nickel Australasia to maximize downstream utilization at the integrated nickel operations. Nickel has touched a low of Rs 949.2 a kg after opening at Rs. 964, and last traded at Rs 954.2. For today market is looking for the support at 945.3, a break below could see a test of 936.3 and where as resistance is now likely to be seen at 967.1, a move above could see prices testing 979.9.
Zinc prices ended higher tracking rise in LME prices and arbitrage trading with lead. Lead, zinc normally move in tandem, but lead 3% higher than zinc in past few months, giving arbitrage opportunity. Zinc yesterday we have seen that market has moved 1.92%. Market has opened at 89.15 & made a low of 89.15 versus the day high of 90.6. The total volume for the day was at 25764 lots and the open interest was at 4233. Now support for the zinc is seen at 
Copper settled a
Oil prices fell weighed down by an unexpected increase in US crude inventories and a drop in orders for durable goods. According to the weekly update by Energy Information Administration, US crude stockpiles rose by 7.3 million barrels in the week ended July 23. The official data came a day after the American Petroleum Institute reported a 3.1 million barrel-increase in oil inventories. Now support for the crude is seen at 3575 and below could see a test of 3538. Resistance is now likely to be seen at 3644, a move above could see prices testing 3676.PAYTM Share Price Declined 5.2 percent on Friday as overall market sentiment turned bearish due to uncertainty around Israel-Iran war.
News in Focus
Rigetti Computing Inc (NASDAQ: RGTI) stock price declined 7.5 percent on Friday as the stock faced strong selling pressure.
Palantir Technologies stock declined further on Friday as selling continued in technology stocks.
The partnership between McLaren Racing and Hedera marks a calculated convergence of global sport and enterprise blockchain, positioning both entities at the forefront of fan engagement innovation.
Motilal Oswal Financial Services has initiated coverage on Bajaj Finserv with a Neutral rating and a target price of Rs 1,900, implying moderate upside from curren
Featured, India Business, Analyst View, Auto Sector, BOB Capital Markets, Hyundai Motor India, India
Hyundai Motors India (HMIL) has emerged as a structurally resilient auto player, balancing growth ambitions with disciplined profitability.
Main Regional Stories
Power Grid Corporation of India is drawing renewed attention on Dalal Street and research house Prabhudas Lilladher (PL Capital) has reiterated its BUY recommendation, raising the target price to Rs 348 from Rs 324.
Motilal Oswal Financial Services has reiterated a BUY recommendation on HDFC Asset Management Company (HDFC AMC), assigning a target price of Rs 2,700, implying an upside potential of nearly 20% from the current level of Rs 2,255.
Choosing the right term insurance plan is one of the most important financial decisions you can make. It’s not just about buying a policy; it’s about ensuring that your family remains financially secure, no matter what the future holds.
Motilal Oswal Financial Services has reiterated a BUY call on Tata Power with a target price of Rs.455, implying an upside of 18% from the current market price of Rs.387.
