COPPER PRICE RISE
Gold prices may face headwinds from strong dollar, rising yields
Gold ended last week on a lower note, dropping to a two-week low due to a stronger dollar and higher bond yields, said Prathamesh Mallya, DVP- Research, Non-Agri Commodities and Currencies, Angel One. The dollar surged to a near two-month peak, making gold more expensive for non-dollar holders, while U.S. 10-year yields reached a near two-week high.
Learn with ETMarkets: Why copper could lead to riches and how to call your trades?
Investing in base metals, including copper, offers diversification and hedging against economic uncertainties, crucial for industrial growth. Copper's widespread applications in electrical, construction, and green technologies make it a standout choice. Understanding market dynamics and leveraging technical analysis are key for informed investment decisions in this essential sector.
GIFT Nifty signals negative start for D-Street. Here's the trading setup for today's session
Markets closed positively with Nifty futures lower. India VIX reflected fear, global markets had mixed movements. Dollar stability, yen's fall, and oil price decline impacted F&O stocks. FII data showed an increase in net long positions.
GIFT Nifty signals a positive start for D-Street. Here's the trading setup for today's session
Domestic markets continued to reach new record highs, building on gains made since the election results. "The market is also benefiting from positive trends in global markets, particularly in the US as it progresses steadily towards the presidential election in November. Volatility has decreased this month, supporting a short-term upward trend," explained Siddhartha Khemka, Head of Retail Research at Motilal Oswal.
Aluminium prices rise on supply concerns. Will the rally sustain?
Aluminium prices surged to two-year highs driven by supply constraints in China and demand optimism. The domestic market followed suit, gaining over 15% this year despite a slide in other industrial metals.
GIFT Nifty signals a positive start for D-Street. Here's the trading setup for today's session
Domestic markets rose driven by global cues and domestic buying. Expectations for the next week are positive with macro trends, government spending, monsoon, and earnings support.
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Thefts of charging cables pose yet another obstacle to appeal of electric vehicles
Thieves targeting EV charging stations in cities like Seattle to steal copper wiring pose challenges for major automakers, charging companies, and EV owners. The thefts have led to increased security measures and collaboration with authorities to address the issue.
Global demand revival: How is India poised?
As the global demand sees some revival, India must get its act together to make the most out of it.
European stocks at record on tech and ECB bets
The pan-European STOXX 600 benchmark rose by 0.7%, with the technology subindex surging 2.6%, driven by significant gains from Wall Street's tech giants.
Midcaps, smallcaps, microcaps plunge up to 20%. BHEL, HUDCO among top losers
Market fall on Tuesday impacted Nifty Midcap 100, Nifty Smallcap 100, and Nifty Microcap 250 indices. Midcap index fell by 7% to 49,623.10, Smallcap index dropped by 7% to 15,801.80, and Microcap saw 247 stocks in red.
That AC or fridge you were planning to buy just got more expensive
Consumers in Kolkata will experience 2-5% price hikes on electrical goods due to factors like high inflation rates in copper and aluminium, freight cost increases, Red Sea crisis, and rupee depreciation.
F&O stocks: Infosys, BHEL among 5 stocks with long buildup
Open interest refers to the total number of outstanding contracts in a particular stock or derivative contract. When a stock's price increases and the open interest also rises, it suggests a buildup of fresh long positions. This indicates that investors are buying the stock with the expectation of its price rising further.
Metal stocks rally on China's realty stimulus, LME gains
Hindustan Zinc surged 20%, followed by Vedanta which gained 7.04%. Jindal Steel and Power and Hindalco moved up over 4%, while Tata Steel, JSW Steel, and Hindustan Copper rose over 3% each.
Nifty Metal index crosses 10,000 mark for first time as stocks rally up to 20%
The index has been rising, making new highs since the second half of 2023. It made new all-time highs in 5 consecutive trading sessions. A significant surge in demand from China is believed to drive the rally in the metal space.
Domestic copper at lifetime highs; factors affecting the price surge
Record copper prices are driven by Chinese stimulus, mine supply concerns as well as green demand. MCX and LME futures surge. The Chinese 1 trillion yuan stimulus has boosted industrial metals demand for electric vehicles, renewable energy, and power grids. Goldman Sachs predicts major copper market deficit with US manufacturing rebound.
Short-term volatility? Yes, but operating landscape might be changing: 5 metal stocks with upside potential of up to 20%
After the IT sector companies, metal is another sector where the fortunes of Indian companies are more tied to what is happening globally rather than what is happening in India. The reason, global metal prices are decided by two things, first is the state of the Chinese economy and second is how the US dollar behaves in the global markets. On the first, there are initial indications that after close to more than two years, things are turning better. The most reliable indication came last month with better than expected GDP numbers. On the second front, there is still lots of uncertainty thanks to flip-flops by the US Fed on interest rate cuts. Now if one looks at the metal stocks, they have sort of out performed volatile Indian markets. But given the fact that these days, too much money flows into stocks where there is even a slight bit of positive development, the possibility that these stocks may turn volatile if there was more pressure on the broader market. However, when the tide turns, because the operating matrix of the companies would be better if the China recovery continues, there is a high probability of them turning into relative outperformers.
F&O stocks: ICICI Lombard, Hindustan Copper among 5 stocks with short buildup
In Friday's trading session, the following five stocks witnessed a build of fresh short positions.
Half of all copper mining is at drought risk with climate change
Copper has rallied in recent months to surpass $10,000 a metric ton, fueled by bets on looming shortages as mines struggle to meet rising demand from electric vehicles, grid infrastructure and data centers.
GIFT Nifty up 10 points; here's the trading setup for today's session
"This week, the US will be releasing GDP and core PCE data which will provide direction to the market while stock specific actions will be seen as we progress into the earnings season," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Gold edges down as rising bond yields dent appeal
Benchmark 10-year U.S. Treasury yields edged up and were last at 4.6475%, making non-yielding bullion less attractive for investors.
LME ban on Russian origin metals to see aluminium, copper & nickel prices go up in short term: Amit Dixit
ICICI Securities' Analyst, Amit Dixit, examines the impact of Russian metal bans on commodity prices, emphasizing short-term fluctuations and the evolving steel sector in India amidst changing global dynamics. He says: "There would be ways and means by which you would find that the actual impact would be far lower than what people are expecting currently."
GIFT Nifty down 120 points; here's the trading setup for today's session
Foreign portfolio investors turned net sellers at Rs 8,027 crore on Friday. DIIs, meanwhile, bought shares worth Rs 6,341 crore.
Metal traders see price rising after LME Russia ban
But there are disagreements about the broader impact of the move: Some argue that removing one of the largest producers from the market will drive prices higher, while others are focusing on the prospect of a flood of old Russian metal getting dumped onto the LME.
In a steep fall from 400, only 25 smallcaps offer double-digit weekly returns
About 22 stocks, including HMA Agro Industries, Mangalam Cement, HEG, Hindustan Copper, Motilal Oswal, Hariom Pipe have offered returns between 10-20% during the week.
GIFT Nifty down 40 points; here's the trading setup for today's session
Foreign portfolio investors turn net buyers at Rs 2,778 crore on Wednesday after two days of selling. DIIs, meanwhile, bought shares worth Rs 163 crore.
GIFT Nifty up 70 points; here's the trading setup for today's session
"The US Fed Chair Powell's speech will be keenly watched. We expect the market to consolidate over the next few days until the events unfold," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Metal stocks fire on China data; Hindustan Copper surges 9%
An official factory survey on Sunday revealed that China's manufacturing activity had expanded for the first time in six months in March. The world's largest producer and consumer of copper saw its most-traded May copper contract on the Shanghai Futures Exchange closing day-time trade 1.1% higher at 73,100 yuan ($10,110.79) per metric tonne.
Fasten your seatbelts as gold, silver, and copper are set to soar!
Gold's rally is driven by Fed cuts, hedge fund bets, central banks' gold accumulation, geopolitical tensions, and silver's potential surge. Copper prices are set to rise, indicating a bullish outlook for precious metals.
FMCG stock looks to move up 5%; metal player shows strength to rise 7%
Nifty saw a strong open but did not keep up the momentum. It closed flat with a minor gain.
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