Indian share markets continued to trade dull in the afternoon session. At the closing bell, the BSE Sensex remained unchanged. While, the NSE Nifty finished higher by 7 points. Meanwhile, the S&P BSE Midcap Index and S&P BSE Small Cap Index both ended down by 0.6% respectively. Barring metal stocks, power stocks and automobile stocks, all the stocks ended the day in red. Stocks from realty sector and healthcare sector witnesses maximum…
With gold prices moving above the psychological peak level at $1300 an ounce at the last 2017 trades on last Friday, it helped the yellow metal maintaining the upward momentum and now have a better opportunity to achieve more record gains. With the markets back to work and having more liquidity, the gold moved towards resistance at…
The major asset classes enjoyed a flawless bull run in 2017, courtesy of across-the-board gains for all the broad measures of the global markets. Even cash managed to eke out a small gain. Leading the way higher: MSCI Emerging Markets Index, which posted a strong 37.3% total return in 2017 — by far the best…
U.S. equity futures are higher in the first trading session of 2018 offsetting Friday’s last hour sharp drop, as Asian stocks soar to new all-time highs, while a surging euro which has rallied near to a 3 year high thanks to the sliding dollar, which in turn dropped to a 3 month low, pressured European…
Don’t look now, but carefully polished, shiny yellow doorstops are in the midst of their best run since 2011, having risen for eight consecutive days. You’ll recall that gold held up well in 2017 despite Fed hikes and the global risk rally. As a reminder, here’s how gold fared versus 2017’s best performing commodities: …
Stock markets in India are presently trading marginally higher. Sectoral indices are trading on a negative note with stocks in the oil & gas sector and healthcare sector witnessing maximum selling pressure. The BSE Sensex is trading down 36 points (down 0.1%) and the NSE Nifty is trading down 2 points (down 0.01%). The BSE Mid Cap index is trading down by 0.5%, while the BSE Small…
The weak U.K. Pound failed once again to stimulate activities in the manufacturing sector in December as Brexit continued to impact business confidence. The Manufacturing Purchasing Managers’ Index expands by 56.3 in December, down from 58.2 in November and below the 58 expected by economists, the IHS Markit reported on Tuesday. While expansion in the…
Markets If you take your cues from Consensus Trance Central — the cable news networks, The New York Times, WashPost, and HuffPo — Trump is all that ails this foundering empire. Well, Trump and Russia, since the Golden Golem of Greatness is in league with Vladimir Putin to loot the world, or something like that. Since I believe that the financial…
On Friday, December 29, majors showed a variety of trends. The euro and the British pound rose against the US dollar till the close of trading. The dollar fell against the yen. The dollar index (#DX) closed the trading session in the positive zone. Today, low trading activity and volatility are expected due to the…
There are very few sellers left There were very few sellers left in January 2016 when the devastating “forever bear” was about to end. Six months later and a 150% rebound in the large caps and 200% rise in the juniors (GDXJ) provided sellers an opportunity. They drove the miners and juniors down by 40%…
