Zinc declined by 0.76%, finishing at Rs 321.15, as it mirrored a wider market downturn, with Chinese traders withdrawing in observance of the Lunar New Year holiday. Sentiment was further dampened by increasing inventories, as stocks in Shanghai Futures Exchange warehouses surged by 23.1% week-on-week. Demand has weakened following the completion of pre-holiday restocking by Read More
Natural gas declined by 4.96%, closing at Rs 279.5, as predictions of warmer weather reduced expectations for heating demand. The National Oceanic and Atmospheric Administration indicates that a significant portion of the central and southern United States is expected to undergo above-average temperatures in the forthcoming two weeks, which will likely alleviate consumption following a Read More
Gold experienced a decline of 0.73%, closing at Rs 154,760, influenced by profit-taking and low trading volumes, as both U.S. and Chinese markets were closed. Market participants exhibited a prudent stance in anticipation of the Federal Reserve’s meeting on March 18. Chicago Fed President Austan Goolsbee suggested that rates might eventually decline, yet he recognized Read More
Copper increased by 0.27% to close at Rs 1,209.5, buoyed by positive sentiment regarding global manufacturing, the transition to green energy, and demand growth driven by artificial intelligence. The persistent supply constraints at significant mining operations have also provided support. Nevertheless, the increases were constrained by a prevailing risk-averse sentiment in international markets and subdued Read More
Crude oil experienced a modest increase of 0.65%, concluding at Rs 5,723. This uptick was bolstered by softer U.S. inflation data, which alleviated macroeconomic concerns and mitigated apprehensions regarding escalating supply levels. Sentiment continues to be influenced by geopolitical tensions, especially concerning U.S.-Iran relations, which may impact flows. Simultaneously, OPEC+ is said to be contemplating Read More
A decrease of more than one percent occurred in the price of silver, which is now very close to the $76 per ounce market. Due to the fact that the United States and China are both celebrating holidays, trading volumes continue to be quite low. It is possible that the low inflation indicators that have Read More
Aluminium prices declined by 1.96%, closing at Rs 307.7, as traders took the opportunity to secure profits in response to mixed economic indicators from the U.S., where robust non-farm payroll figures were counterbalanced by weaker jobless claims data. Nonetheless, losses were constrained by the prevailing tightening of supply conditions. South32 Ltd. has announced its intention Read More
Natural gas increased by 1.98%, concluding at Rs 294.2, primarily bolstered by near-record inflows to LNG export terminals. The increase occurred despite the fact that weather forecasts became more temperate and demand projections for the upcoming week were adjusted downward. Meteorologists anticipate that temperatures throughout the majority of the U.S. will persist at levels above Read More
Gold experienced a decline of 3.73%, closing at Rs 1,52,836, influenced by a robust U.S. dollar and positive labor market data that diminished expectations for imminent rate reductions by the Federal Reserve. In January, U.S. job growth exceeded expectations, and the unemployment rate decreased to 4.3%, bolstering the view that the Federal Reserve might maintain Read More
Zinc concluded the trading session with a 0.98% increase, reaching Rs 328.95, bolstered by anticipated short-term supply disruptions and favorable demand outlooks. As the Lunar New Year draws near, a zinc mine located in Southwest China has halted operations in early February, with a projected resumption in March. This suspension is expected to lead to Read More
Crude oil concluded the trading session with a 1.66% increase, reaching Rs 5,896, bolstered by escalating geopolitical tensions and indications of robust demand. The market responded to reports indicating that the U.S. might adopt a more stringent approach toward Iran, which could involve intercepting tankers should nuclear negotiations collapse. Although preliminary discussions seemed promising, market Read More
Gold experienced a rally of 1.24%, concluding at Rs 1,58,755. This movement was bolstered by a decrease in U.S. 10-year Treasury yields, which reached a near one-month low following disappointing core retail sales data and downward revisions for previous months. Softer economic readings have bolstered expectations that the Federal Reserve may consider rate cuts later Read More
Copper experienced a decline of 1.28%, closing at Rs 1,233.65, influenced by increasing exchange inventories and lackluster trading activity in anticipation of China’s Lunar New Year holiday. LME warehouse stocks increased to 189,100 tons, marking the highest level since May, driven by new deliveries in Taiwan and the U.S. Meanwhile, Shanghai Futures Exchange inventories surged Read More
Natural gas increased by 0.42% to close at Rs 288.7, buoyed by opportunistic purchases and nearly record levels of LNG export flows that sustained robust overall demand. Earlier in the winter, an Arctic blast resulted in significant withdrawals from storage; however, the current weather outlook has shifted to a milder trend. Predictions indicate that temperatures Read More
Gold prices experienced a decline of 0.8%, settling at Rs 1,56,803, as enhanced global risk sentiment bolstered equities and diminished the demand for safe-haven assets. Market participants are meticulously observing forthcoming U.S. economic data, which may offer additional insights into the Federal Reserve’s interest rate path. Market expectations are currently skewed towards the anticipation of Read More
Aluminium prices experienced a modest increase, closing up 0.19% at Rs 312.8, bolstered by constricting global supply dynamics and a positive shift in demand sentiment. Production disruptions at key smelters in Iceland, Mozambique, and Australia have reinforced supply concerns, while early signs of economic stabilization in China have improved investor confidence. Goldman Sachs has adopted Read More
Crude oil prices experienced a modest increase, closing up 0.79% at Rs 5,870, as market participants continued to evaluate the suitable geopolitical and supply-side risk premium. Sentiment was cautiously bolstered by remarks from U.S. President Donald Trump, who conveyed an optimistic outlook regarding negotiations with Iran aimed at limiting uranium enrichment. Nevertheless, tensions continue to Read More
Gold prices concluded the trading session with an increase of 1.68%, reaching Rs 158,066. This uptick was largely driven by a depreciating U.S. dollar and a renewed emphasis on the interest-rate trajectory in anticipation of significant U.S. economic data set to be released this week. Sentiment was further bolstered following remarks from San Francisco Fed Read More
Zinc prices experienced an upward movement, concluding with a gain of 1.69% at Rs 325.65, as market participants concentrated on imminent supply disruptions and the potential for reduced availability in the lead-up to the Chinese New Year. Numerous mines in China have declared temporary production halts for the holiday season, with facilities in the southwest Read More
Natural gas prices experienced a modest increase, closing at Rs 320.2, reflecting a rise of 0.91%. This uptick was bolstered by enhanced flows to U.S. liquefied natural gas export terminals and upward adjustments to short-term demand forecasts. The increase occurred notwithstanding predictions indicating a predominantly warmer-than-average climate until mid-February, which is anticipated to limit heating Read More
