MCX stock has already seen aggressive short covering followed by long addition immediately after the breakout, the pace of up move from here on can be gradual with some bouts of intermediate profit bookingThe MCX stock has given a breakout above an ascending flag pattern. On the daily charts, after a week-long consolidation in the congestion zone of 3550-3620, MCX has moved past the resistance are...

Gold prices were under selling pressure last year after hitting an all-time of $2070 in 2022. Prices steadily declined after March 2022 as Fed started hiking interest rates and monetary tightening by central banks around the world, reducing gold’s appeal as an inflation hedge while raising the opportunity cost of holding the non-yielding asset. Gold prices were dominated by the interest rate in ...

Gold prices corrected sharply on Friday as result of the positive U.S. employment report. The strong jobs data stoked fears of continued rate hikes from the US Federal Reserve. However, despite the global fall, April gold futures on the MCX gained in morning trade, adding Rs 400 or 0.7% to trade at Rs 56,980. Concerns regarding the Fed reinstating an aggressive, hawkish policy gave rise to the dol...

Bhartiben Labhahankar Ghuria sold 8,33,330 shares of Ajooni Biotech Ltd (AJOONI) at Rs 6.31 per share.Sunil Kumar Gupta HUF bought 45,000 shares of Arham Technologies Ltd (ARHAM) at Rs 67.45 per share.Multiplier Share & Stock Advisors Pvt Ltd sold 38,400 shares of Arihant Academy Ltd (ARIHANTACA) at Rs 120.27 per share.Gaurang Jitendra Parekh sold 76,800 shares of Atal Realtech Ltd (ATALREAL) at R...

The geopolitics of oil and gas (resulting from the balance between supply and demand) is heating up. Crude oil prices are predominantly influenced be geopolitical tensions or war in an energy-producing country. It’s impacting the power dynamics between energy exporters and importers, energy security, and the military strength of major powers.Let’s unwind – When Russia attacked Ukraine, the p...