Commodity Mantra Morning Update: Gold lower oil strong base metal steady

Here is our technical view on Commodities.

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Beating Covid blues, number of Indian billionaires increases

Number of High Net Worth Individuals (HNWI), having wealth of over $1 million, and Ultra High Net Worth Individuals (UHNWI), with wealth of more than $30 million, declined by 8% and 2% to 3.5 lakh and 6,884 respectively in 2020 due to Covid-19.

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GameStop rallies again; some puzzle over tweet

GameStop Corp shares more than doubled in afternoon trading on Wednesday, surprising those who thought the video game retailer's stock price would stabilize after a fierce rally and steep dive that upended Wall Street in January.

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India’s recession exit gains momentum on services, manufacturing

Two of the eight high-frequency indicators tracked by Bloomberg News improved last month, while five held steady and one deteriorated. That, for now, kept the needle on a dial measuring overall economic activity unchanged at 5.

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Onion, pulses, edible oil prices surge in February

Prices of masur (lentil) and urad have increased by 10% over January, while tur prices have jumped 20% during the same period. Wholesale edible oil prices have increased 30% to 60% for different oils year on year this year.

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HG Infra emerges L-1 bidder for a new project by NTPC; stock surges 1%

The project involves transportation of 26.41 lakh Cu.M. of Pond Ash from NTPC Ramagundam to the NHAI-PIU-Mancherial road construction project.

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Wipro launches Cisco Business Unit focusing on end-to-end digital transformation solutions; Stock gains 2%

The Business Unit will leverage Cisco technologies to develop industry-leading transformative solutions.

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Markets rally amid positive global cues; Sensex tops 600 pts, Nifty 50 near 15,155; Banks outperform; IndusInd, Axis Bank leads

A broad-based buying across sectoral indices was seen on BSE with banking stocks outperforming exchanges.

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Piramal Enterprises climbs 2.5% after subsidiary completes full acquisition of Convergence Chemicals

Piramal Pharma on October 28, 2020, had approved the acquisition of additional 3,43,04,900 equity shares of CCPL for an aggregate cash consideration of Rs65.10cr from Navin Fluorine International Limited.

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