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MCX COMMODITY EVENING NEWS UPDATES – 29 MAY 2017

Oil – Oil prices slipped on Monday as further increases in U.S. drilling activity undercut an OPEC-led push to tighten supply. Trading was subdued due to public holidays in China, the United States and Britain, but concerns lingered over whether OPEC action would be enough to stem the tide of oversupply. “They increased expectations to

INDIAN BENCHMARKS: SENSEX ENDS UP 81 POINTS NIFTY ABOVE 9600

INDIAN BENCHMARKS: SENSEX ENDS UP 81 POINTS NIFTY ABOVE 9600 Benchmark indices began the week on a strong note, with the Nifty ending above the 9600-mark the first time ever. At the close of market hours, the Sensex was up 81.07 points at 31109.28, while the Nifty was up 9.80 points at 9604.90. The market

TOP CORPORATE NEWS – 29 MAY 2017

Escorts Q4 net profit beat Escorts net profit rose to Rs59.5 crore Vs Rs18.4 crore in Q4FY16 Revenue up 29.5% at Rs1044 crore (YoY) Escorts Reports One-time Gain of Rs14.7 crore Vs loss Of Rs11 crore Margin 7.3% Vs 5.5% (YoY); Torrent Pharma result is below expectation Torrent Pharma FY17 Earnings Sales for the quarter

MCX COMMODITY MARKET MORNING UPDATES – 29 MAY 2017

Gold  – Gold held steady on Thursday as the dollar weakened after minutes from a U.S. Federal Reserve meeting suggested that the central bank could take a more cautious approach to interest rate increases. Fed policymakers had agreed at the meeting that they should hold off from raising rates until it is clear that a

DAILY MCX COMMODITY MARKET NEWS & LEVELS – 29 MAY 2017

Gold drifts weaker in Asia, shrugs off NKorea missile test.    Gold fell slightly in Asia on Monday, shrugging off the latest missile test by North Korea and drifting in trade with China, the U.S. and The U.K. markets shut for holidays. The U.S. economy grew faster than initially reported during the first three months

Sensex recovers from opening low, Nifty above 9600; HDFC, Reliance lead;

Sensex recovers from opening low, Nifty above 9600; HDFC, Reliance lead; Indian Indices: Equity benchmarks recouped opening losses, with the Sensex reclaiming 31,000 level and Nifty 9,600.Index heavyweights HDFC (up 2.3 percent), Reliance Industries (up 1.6 percent), HDFC Bank (up 1.06 percent) and ITC (up 0.3 percent) were top contributors to index gains. Equity benchmarks

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