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Commodity news can come from a variety of sources, including newspapers, magazines, websites, television and radio. In addition to news, there are also articles and videos about commodities that can provide insight into the markets and help traders make educated decisions. Commodity news can be found in print and online, and includes information about the prices, supply and demand of various commodities, as well as commentary from industry experts. Articles and videos can provide an in-depth look at the markets, including analysis of market trends and forecasts.
Chandan Taparia, head of technical and derivatives research at Motilal Oswal Financial Services Ltd., has recommended three stocks for investors to consider buying on Monday—Mahindra & Mahindra Ltd., Multi Commodity Exchange Ltd., and Bharat Electronics Ltd. Below are the details of the recommendations, including target price and stop loss price for each stock.
On the Multi Commodity Exchange (MCX), gold futures climbed Rs 172 or 0.18 percent to Rs 97,195 per 10 grams. Silver futures also gained Rs 382 or 0.36 percent to reach Rs 1,05,299 per kilogram. Get more Commodities News and Business News on Zee Business.
On Wednesday, Multi Commodity Exchange of India saw its share price rise over 4% after UBS raised its target price from Rs 7,000 to Rs 10,000, while maintaining a 'buy' rating. The brokerage firm cited several positive factors contributing to this upward revision. UBS emphasised that the foundation for MCX's growth is solid, pointing to favourable market conditions and the introduction of new products.
The Silver price (XAG/USD) posts modest gains near $35.95 during the Asian session on Wednesday. The weaker US Dollar (USD) provides some support to the USD-denominated commodity price. Traders brace for Federal Reserve’s (Fed) Chair Jerome Powell testifies later on Wednesday.