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Market Close:
Indian benchmark indices ended on a positive note with Nifty above 22,100.
Biggest gainers on the Nifty were Reliance Industries, Maruti Suzuki, Bajaj Auto, Bajaj Finance and Titan Company, while losers included Hero MotoCorp, Tata Consumer Products, Coal India, ONGC and Wipro.
Among sectors, auto, capital goods, power, realty, telecom up 0.5-1 percent, while metal, IT, media down 0.5 percent each.
BSE Midcap index ended on a flat note and Smallcap index rose 0.7 percent.
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Market Close:
Indian benchmark indices ended on a positive note with Nifty above 22,100.
Biggest gainers on the Nifty were Reliance Industries, Maruti Suzuki, Bajaj Auto, Bajaj Finance and Titan Company, while losers included Hero MotoCorp, Tata Consumer Products, Coal India, ONGC and Wipro.
Among sectors, auto, capital goods, power, realty, telecom up 0.5-1 percent, while metal, IT, media down 0.5 percent each.
BSE Midcap index ended on a flat note and Smallcap index rose 0.7 percent.
First Trading Choice‘s Superior Support. *24/7 AVAILABILITY *24/7 SUPPORT *REAL ATTENTION *LONG TERM RELATION *ACCURACY *TIMELY CALLS
Silver Dropped Ahead Of Fed’s Officials Speeches And Key PCE Inflation.
Silver prices experienced a modest decline of -0.54% yesterday, settling at 74518, as investors closely monitored speeches from Federal Reserve officials and awaited the release of key PCE inflation data to gauge the potential timing of monetary easing. The Fed’s previous guidance for three interest rate cuts in 2024 increased the attractiveness of holding non-yielding assets, contributing to market sentiment. Expectations for a June interest rate reduction have surged to around 70%, compared to 55% prior to the recent Fed meeting, indicating market anticipation of accommodative monetary policy.
Silver Dropped Ahead Of Fed’s Officials Speeches And Key PCE Inflation.
Silver prices experienced a modest decline of -0.54% yesterday, settling at 74518, as investors closely monitored speeches from Federal Reserve officials and awaited the release of key PCE inflation data to gauge the potential timing of monetary easing. The Fed’s previous guidance for three interest rate cuts in 2024 increased the attractiveness of holding non-yielding assets, contributing to market sentiment. Expectations for a June interest rate reduction have surged to around 70%, compared to 55% prior to the recent Fed meeting, indicating market anticipation of accommodative monetary policy.
Natural Gas Dropped Due To Sluggish Demand And A Surplus Of Domestic Supply.
Natural gas prices experienced a marginal decline of -0.13% yesterday, settling at 150.7, primarily attributed to sluggish demand and an oversupply of domestic inventory. The prolonged offline status of two liquefaction trains at the Freeport LNG export plant in Texas until May has constrained the country’s export capacity, exacerbating the surplus in domestic supply levels. Factors such as a mild winter, robust gas production, strong hydropower output, and ample beginning stocks have contributed to natural gas storage levels surpassing the five-year average by over 41% as per EIA weekly data.
GET FREE MCX TIPS, FROM THE MCX GOAL’S TEAM. Mcx Crude Oil, Copper, Mcx Zinc, Mcx Gold Silver, Mcx Natural Gas. A FEW WORDS ABOUT US:- **INTRADAY VALIDITY. “Our Research and Analysis Based Tips are Intraday Validity Only” **RESEARCH TEAM. “We Have Very Expensive Team of CFA Professionals” Call/ Text/ SMS/ What’s App:- https://wa.me/919557016700 COMPANY LINK:- https://www.mcxgoal.com/
Natural Gas Dropped Due To Sluggish Demand And A Surplus Of Domestic Supply.
Natural gas prices experienced a marginal decline of -0.13% yesterday, settling at 150.7, primarily attributed to sluggish demand and an oversupply of domestic inventory. The prolonged offline status of two liquefaction trains at the Freeport LNG export plant in Texas until May has constrained the country’s export capacity, exacerbating the surplus in domestic supply levels. Factors such as a mild winter, robust gas production, strong hydropower output, and ample beginning stocks have contributed to natural gas storage levels surpassing the five-year average by over 41% as per EIA weekly data.
