Zinc futures falls off a resistance
The continuous contract of zinc on the Multi Commodity Exchange (MCX) rallied on Monday to mark a high of ₹285.85. It has softened a bit and is now trading around ₹280. The price band of ₹286-292 is a considerable resistance and a rally beyond these levels is less likely. Notably, the contract has not rallied […]
SEBI imposes ₹2 lakh on MCX for violating norms in awarding software deal to London firm
Multi Commodity Exchange (MCX) was found guilty of violating norms by the market watchdog SEBI in awarding a software contract to a little-known London firm PESB. MCX wanted to develop a spot trading platform for gold in 2018, but it attracted controversy by paying huge money in advance. SEBI has imposed a fine of ₹2 […]
Crude oil prices gain after declining in previous two sessions
Crude oil futures, which lost nearly 9 per cent in the previous two trading sessions, traded higher on Thursday morning. At 10.01 am on Thursday, March Brent oil futures were at $78.67, up by 1.07 per cent, and February crude oil futures on WTI were at $73.68, up by 1.15 per cent. January crude oil […]