HomeAxis Bank's Net Profit Down by 1.2% for Q4 | Free Stock Tips India
Axis Bank’s net profit in the fourth quarter is Rs 2154 crore which is down by 1.2% in compared to last year. Last year the profit in fourth quarter was Rs. 2180 crore. Although the bank has earned Rs 8224 crore as the net profit for the full year increased by 12 per cent from last year...
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Stock Intraday Tips Today: Stocks To Buy Sell Today
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Copper Updates For Today: 23rd Oct.
Copper Updates:
Copper rose on news of expectation of stimulus by ECB in December and buoyed by another production cutback by producer Free port and strong Chinese import data.
A modest break higher in last session for MCX Copper fizzled out as the 50 day Exponential Moving Average drew near. The counter ended just under Rs 344 per kg mark. Much of the recovery was due to bargain buying after the contract tested a two week low under Rs 339 per kg in the prior session. A break under Rs 343 mark, which was the last session low can trigger further selling today. Upside looks capped around Rs 347.
Copper MCX Tips: It will be better to sell Copper for intraday due to its bearish trend today.
Commodity Updates For Today: 22nd Sept
Gold correct from the three-week high on Monday on stronger dollar dampened a rally fueled by the Federal Reserve's decision.
SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund, said its holdings stood at 674.61 down 3.57 tonnes from previous business day.
Base metals recovered from two week lows on Monday on rising Chinese imports rose, however on stronger dollar gains are limited. Daily average primary aluminium output excluding China rose to 68,600 tonnes in August.
Crude oil traded marginally higher as U.S. rig count fell by 8 to 644 rigs as of September 18. crude oil might turned down on stronger dollar and higher output.
Copper traded on mixed note as supply disruptions in Chile and the US interest rate decision continued to boost the price of the industrial metal and on Monday dollar index turned higher. Traders can hold their short position. Resistance of copper now seen at 354.10.
