Latest news with #ChiragSheth
&w=3840&q=100)
Business Standard
13 hours ago
- Business
- Business Standard
Stock Market LIVE: GIFT Nifty signals higher start; Asia up; India May WPI, Israel-Iran war in focus
Sensex Today | Stock Market LIVE on Monday, June 16, 2025: At 6:32 AM, GIFT Nifty futures were trading 44 points higher at 24,771, indicating a positive start for the bourses. 7:16 AM Stock Market LIVE Updates: Ramco Cements, Max Healthcare among top buy recommendations by Angel One Stock Market LIVE Updates: Angel One Stock Recommendations: NSE Scrip – Max Health View - Bullish Last Close – ₹1,233 Max Healthcare share price had been consolidating in a tight range since December. Last week, it broke out of a 6-month consolidation pattern, posting its strongest weekly close and entering an uncharted territory. The breakout in Max Health shares is backed by strong volumes and a bullish candle. With momentum picking up as indicated by RSI oscillator, we expect the uptrend to continue and suggest a buy for the near term. We recommend to Buy Max Health stock around ₹1,233 - 1,225 | Stop loss: ₹1,189 | Share price target: ₹1,310. MORE DETAILS HERE 7:13 AM Stock Market LIVE Updates: Analysts see crude at $150 on panic buying if Israel-Iran tensions escalate Stock Market LIVE Updates: Brent crude oil prices can touch $150 a barrel (bbl) — up a whopping 103 per cent from the current levels — in the worst-case scenario if the Israel–Iran geopolitical tensions escalate, suggest analysts. However, if the conflict is contained, then the energy markets will readjust quickly. Last week, Israeli air strikes on Iran had impacted energy rates with crude and natural gas prices surging as it reignited concerns about a wider conflict in West Asia. Brent crude oil prices hit $78.5/bbl in the wake of the air strikes before dropping to around $75/bbl. READ MORE 7:12 AM Stock Market LIVE Updates: Israel-Iran conflict: Gold prices may hit $4,000 per ounce in India Stock Market LIVE Updates: Gold prices in India's futures market crossed the ₹1 lakh per 10 grams for the first time, with MCX futures settling at ₹1,00,276 last week as Israel-Iran tensions escalated to bombardments. In international markets, spot gold ended at $3,432 per ounce —another significant level in a year already shaped by economic and geopolitical headwinds. In Mumbai's Zaveri Bazar, pure gold closed at ₹99,058 per 10 grams on Friday. At these elevated levels, demand appears to be ebbing. 'At this price, demand has dried up,' said Chirag Sheth, principal consultant at Metal Focus, the London-headquartered precious metals consultancy. Prices are currently quoted at a discount of $40 per ounce (₹1,120 per 10 grams) to the landed cost of imports. READ MORE 7:09 AM Stock Market LIVE Updates: US markets end lower on Friday
&w=3840&q=100)
Business Standard
19 hours ago
- Business
- Business Standard
Israel-Iran conflict: Gold prices may hit $4,000 per ounce in India
Demand for the yellow metal is ebbing as prices continue to soar Listen to This Article Gold prices in India's futures market crossed the ₹1 lakh per 10 grams for the first time, with MCX futures settling at ₹1,00,276 last week as Israel-Iran tensions escalated to bombardments. In international markets, spot gold ended at $3,432 per ounce —another significant level in a year already shaped by economic and geopolitical headwinds. In Mumbai's Zaveri Bazar, pure gold closed at ₹99,058 per 10 grams on Friday. At these elevated levels, demand appears to be ebbing. 'At this price, demand has dried up,' said Chirag Sheth, principal consultant at Metal Focus, the London-headquartered precious metals consultancy. Prices are currently
