Minara Resources Ltd., Australia's second-largest nickel producer, reported second-quarter production dropped 15 percent after a pipeline failure at the Murrin Murrin plant in Western Australia. Nickel has touched a low of Rs 894.1 a kg after opening at Rs.898, and last traded at Rs 912.3.For today market is looking for the support at 899.5, a break below could see a test of 886.8 and where as resistance is now likely to be seen at 919.6, a move above could see prices testing 927.
Zinc volumes on the Shanghai Futures Exchange surged in the second quarter of this year, reinforcing p
Copper ended down but recovered some of its early losses supported by speculative buying in comm
Crude oil ended higher as energy investors were encouraged by a rally on Wall Street sparked by earnings optimism. The International Energy Agency said that global oil demand will increase by 1.6% in 2011, with demand growth coming entirely from non-OECD nations. Now support for the crude is seen at 3518 and below could see a test of 3450. Resistance is now likely to be seen at 3629, a move above could see prices testing 3672.
Silver rose along with gold on a mix of brightening economic sentiment and investors' willingness to move money into more volatile commodities. Silver opened the day at 28800 and touched a low of 28748, amid dollar infirmity. The greenback’s subjugation briskly impelled the metal to a high of 29156; before siesta drove the commodity to a close of 29044.Now support for the silver is seen at 28809 and below could see a test of 28575. Resistance is now likely to be seen at 29217, a move above could see prices testing 29391.
Gold rose in a rally with other commodities on improving economic sentiment at the onset of U.S. corporate earnings season. Gold opened the day at 18355 and made a low of 18351, as the dollar recoiled after Alcoa’s sanguine economic forecast and Greek debt sales buttressed optimism in the economic recovery. The metal was bolstered by buoyant-fund buying, attaining a high of 18518, as the dollar continued to be surmounted. The commodity suffered however, closing the day at 18448, as funds captured profit. Now support for the gold MCX is seen at 18360 and below could see a test of 18272. Resistance is now likely to be seen at 18527, a move above could see prices testing 18606.Prediction Markets platform Kalshi has signed another agreement improving its product offering in which Kalshi supplies the underlying market data, while DoubleZero handles transport and distributi
News in Focus
Motilal Oswal Financial Services has reiterated a Buy call on Safari Industries with a target price of Rs 2,250, implying roughly 50% upside from the current market price of Rs 1,505.
Featured, India Business, Analyst View, Stock Markets, Auto Sector, ICICI Securities, India, Motherson Sumi Wiring
ICICI Securities has maintained its BUY rating on Motherson Sumi Wiring India, keeping its target price unchanged at Rs50 — a 25% upside from the current market price of Rs40.
Motilal Oswal Financial Services has reiterated a BUY rating on Marico, maintaining its target price at Rs1,050 — a 20% upside from the current market price of Rs875.
Featured, Company Results, Analyst View, Futures & Options, Bullion Update, India, Kalyan Jewellers, Motilal Oswal
Motilal Oswal Financial Services has reiterated a BUY rating on Kalyan Jewellers, maintaining a target price of Rs700 — an 18% upside from the current market price of Rs591.
Motilal Oswal Financial Services has reiterated a BUY rating on Nuvama Wealth, raising its target price to Rs2,100 — a 16% upside from the current market price of Rs1,804.
Main Regional Stories
Godrej Properties Share Price Could Reach Rs 2,350: Motilal Oswal Financial Services Remains Bullish
Featured, India Business, Analyst View, Stock Markets, Godrej Properties, India, Motilal Oswal, Real Estate
Godrej Properties Ltd reported a 22% year-on-year rise in pre-sales to Rs 86.5 billion in the first quarter of FY27, an 8% beat on brokerage estimates, driven by strong launches across Bengaluru, the Mumbai Metropolitan Region and the National Cap
Motilal Oswal Financial Services has retained its BUY rating on DLF Limited, setting a target price of Rs755, implying a 17% upside from the current market price of Rs643.
Motilal Oswal has reiterated a BUY rating on Blue Dart Express with a target price of Rs 6,100, implying 15% upside from the current market price of Rs 5,284.
Maharashtra has become the first Indian state to formally outlaw analogue paneer, a non-dairy imitation product linked to health complaints, in a sweeping one-year ban announced by Food and Drugs Administration (FDA) Commissioner Tukaram Mundhe.
