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Closing Bell: Sensex up 487 pts, Nifty above 22,550 on another day of gains; PSU Bank outshines..
The BSE midcap and the smallcap indices gained 0.5 percent each.
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Copper Climbed As Supply-Side Issues Continued To Support Prices.
Copper prices saw a modest increase of 0.54% yesterday, settling at 846.05, buoyed by ongoing supply-side issues and shifting market dynamics. The closure of Cobre Panama, one of the world’s largest copper mines, since December, has contributed to a deficit in global copper concentrate supply, adding support to prices.
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Oil eases as US demand concerns outweigh fears over Middle East conflicts.
Oil prices eased in early trade on Thursday as concerns about a potential slowdown in the U.S. economy amid prospects for delayed interest rate cuts outweighed worries over the risk of expanding conflict in the Middle East.
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Gold trades in tight range as market focuses on US economic data.
Gold prices were stuck in a tight range on Thursday as investors looked to U.S. economic data for further clarity on the Federal Reserve’s interest rate path.
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