Tag: Mcx Base Metal Tips

20/FEB/2024 SENSEX NIFTY CLOSING BELL UPDATE BY THEPROFITGROWTH.COMFOR MORE LIVE UPDATES & SURE SHOT CALLS DAILY TO DIAL :7037171600

Closing Bell: Nifty above 22,100, Sensex up 282 pts led by power, FMCG, banks..

BSE Midcap index added 0.3 percent and Smallcap index rose 0.7 percent.

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COPPER NEWS 20/02/2024 UPDATE BEST TRADING TIPS FOR BEGINNERS BY https://www.youreasytrade.comGET MORE INFO CW/7302366166

Copper Slipped After China’s Central Bank Held Policy Rates On Medium-Term Loans.

Copper experienced a marginal decline of -0.42%, settling at 720.15, influenced by China’s central bank decision to keep key policy rates on medium-term loans steady.

The market’s attention also turned to China’s property market concerns, while diminishing inventories provided some support to copper prices.

As China emerges from the Lunar New Year holiday, traders will closely monitor signals of demand over the next couple of months, particularly during the seasonally strong period preceding the summer construction season.

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SENSEX NIFTY TOP 5 GAINERS & LOSERS TODAY LIVE UPDATE BY THEPROFITGROWTH.COM GET FOR|SURE SHOT CALLS||ENERGY TIPS||BULLION TIPS||BASE METALS TIPS|TO CONTACT US:7037171600

GAINERS LOSERS
Power Grid CorpHero Motocorp
HDFC BankCoal India
Axis BankBajaj Auto
NTPCEicher Motors
Kotak MahindraTCS

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COPPER NEWS OF COMMODITY MARKET LIVE UPDATE BY THEPROFITGROWTH.COMGET FOR DAILY LATEST NEWS & BIG LEVEL PROFIT TO CONTACT US : 7037171600

Copper Slipped After China’s Central Bank Held Policy Rates On Medium-Term Loans.

Copper experienced a marginal decline of -0.42%, settling at 720.15, influenced by China’s central bank decision to keep key policy rates on medium-term loans steady. The market’s attention also turned to China’s property market concerns, while diminishing inventories provided some support to copper prices. 

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CRUDE OIL NEWS OF COMMODITY MARKET LIVE UPDATE BY THEPROFITGROWTH.COMGET FOR DAILY LATEST NEWS & BIG LEVEL PROFIT TO CONTACT US : 7037171600

Oil prices hold near 3-week highs on Middle East tensions, China demand.

Oil prices were little changed in early Asian trading on Tuesday, hovering close to three-week highs on heightened Middle East tensions and recovering China demand.

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Crude Oil Gains As Conflict In The Middle East Continued Over The Weekend.

Crude oil settled higher by 0.56%, closing at 6518, driven by ongoing conflict in the Middle East as Israeli raids affected the Gaza Strip’s infrastructure. The geopolitical tensions have contributed to the upward pressure on oil prices, reflecting concerns about potential disruptions in the region. North Dakota reported a decrease in oil production by 6,000 barrels per day in December, reaching 1.27 million bpd. Despite a record-high number of producing wells, oil producers scaled back hydraulic fracturing activity in anticipation of colder weather and holiday-related reductions in activity.

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Crude Oil Gains As Conflict In The Middle East Continued Over The Weekend.

Crude oil settled higher by 0.56%, closing at 6518, driven by ongoing conflict in the Middle East as Israeli raids affected the Gaza Strip’s infrastructure. The geopolitical tensions have contributed to the upward pressure on oil prices, reflecting concerns about potential disruptions in the region. North Dakota reported a decrease in oil production by 6,000 barrels per day in December, reaching 1.27 million bpd. Despite a record-high number of producing wells, oil producers scaled back hydraulic fracturing activity in anticipation of colder weather and holiday-related reductions in activity.

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Asia FX creeps lower, dollar firm as China rate cut gives little support.

Most Asian currencies crept lower on Tuesday amid persistent concerns over a slowing Chinese economic recovery and higher-for-longer U.S. interest rates, while the dollar edged up and remained near three-month highs.

The People’s Bank of China cut its benchmark five-year loan prime rate by a bigger-than-expected 25 basis points to 3.95%, a record low. But the move provided little cheer to Asian markets, given that it also underscored increasing government anxiety over an economic slowdown in Asia’s biggest economy.

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Asia FX creeps lower, dollar firm as China rate cut gives little support.

Most Asian currencies crept lower on Tuesday amid persistent concerns over a slowing Chinese economic recovery and higher-for-longer U.S. interest rates, while the dollar edged up and remained near three-month highs.

The People’s Bank of China cut its benchmark five-year loan prime rate by a bigger-than-expected 25 basis points to 3.95%, a record low. But the move provided little cheer to Asian markets, given that it also underscored increasing government anxiety over an economic slowdown in Asia’s biggest economy.

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