Silver - April 6, 2021 - Reliance Securities
Posted On:
Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
International and silver prices are trading with gains gains this early Tuesday afternoon trade.
Technically, LBMA Silver Spot is holding a support near $24.75-$24.30 levels where it could see some bounce back up to $25.45-$26.00 levels.
Technically, MCX Silver May is above 65000 which could push prices to 65700-66300 levels.
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Wipro appoints Sarah Adam-Gedge as Managing Director for Australia and New Zealand
Posted On: 2021-04-06 02:28:06 (Time Zone: Arizona, USA)
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced the appointment of Sarah Adam-Gedge as the Managing Director for Australia and New Zealand (ANZ).
Sarah has proven experience in leading digital transformation initiatives for large organizations globally with a successful track record of driving growth, profitability, business agility and managing successful relationships with customers and the influencer ecosystem. She has worked in project and service-based consultancies for more than 25 years across Australia and New Zealand, Asia-Pacific, Middle East and Africa and Latin America.
Rupee - Outlook - April 6, 2021 - Reliance Securities
Posted On:
Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
The Indian Rupee depreciated against the Dollar on Monday amid concerns that rising Covid-19 cases and subsequent lockdowns in some states may hurt economic recovery and cause foreign outflows.
The Rupee ended at 73.29 to the dollar compared with 73.11 in the previous session.
Meanwhile, India s Monetary Policy Committee, which will conclude on Wednesday, is widely expected to keep the key repo rate unchanged at a record low of 4%.
The one-year forward premium was at 3.59 rupees, against 3.71 rupees in the previous session.
The benchmark BSE Sensex and the broader NSE index posted their biggest single session fall since Feb. 26 and ended 1.74% and 1.54% lower, respectively on Monday.
Crude Oil - April 6, 2021 - Mr. Tapan Patel - Senior Analyst (Commodities), HDFC Securities
Posted On: 2021-04-06 02:53:46 (Time Zone: Arizona, USA)
Crude oil prices traded higher with benchmark NYMEX WTI crude oil prices rallied by 1.76% to $59.67 per barrel for the day. MCX Crude oil April futures rose by 2.36% at Rs. 4382 by noon session.
Crude oil prices recovered on Tuesday after falling by more than 5% in previous trade. The fall in dollar index boosted bargain buying in crude oil despite of higher supply from OPEC plus. Crude oil prices were also supported by strong equity indices and positive US economic data.
Crude Oil - April 6, 2021 - Reliance Securities
Posted On:
Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities
International oil prices are trading with gains on Tuesday supported by bargain hunting.
Upbeat data from the U.S and China lifted sentiments.
However, concerns remain over demand due to lockdowns in certain countries.
Investors are also awaiting the release of U.S. inventory reports from the American Petroleum Institute later on Tuesday and the Energy Information Administration on Wednesday.
Technically, WTI Crude Oil is trading on a positive note which will further take price up to $60.50. Supports are at $59.00 and $58.40 levels.