The Stock Market get crashed due to the rate hike by the US Federal Reserve.
Top Gainers – Infosys , HDFC Bank , Reliance , ITC and Hindustan Unilever
Top Losers – Axis Bank , ICICI Bank , Tata power , BHEL , L&T and NTPC
Commodity Updates -
Copper sank to its lowest in two weeks on Monday as the dollar rose after strong U.S. jobs data fueled expectations of a mid-year rate hike.
Crude oil prices dipped on Monday as China showed a drop in imports overall even as exports surged. On the NYMEX, crude oil for delivery in April fell 0.35% to $49.44 a barrel.
China is the world's second largest oil consumer after the U.S. and has been the engine of strengthening demand.
Higher interest rates could dent demand for non-interest-bearing assets such as gold, while a stronger dollar would also hurt bullion's appeal as a safe-haven asset.
Evening Commodity Calls -
1. BUY SILVER Above 36170.00 , T1- 36420.00 with SL- 35770.00
2. SELL GOLD At 26100.00 , T1- 26050.00, T2- 26000.00 with SL- 26231.00
3. BUY CRUDE OIL At 3115.00 , T1- 3135.00, T2- 3155.00 with SL- 2980.00
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