Here is a lowdown on what happened in Wednesday's session.
On the Multi Commodity Exchange, zinc contracts for July delivery traded higher by Rs 2.20, or 1.21 per cent, at Rs 184.10 per kg with a business turnover of 126 lots.
Stocks are not as cheap as in March 2020, but we see pockets of opportunities to invest at fair valuations.’
Gold is still up over $130 in little more than a week as investors wager the Federal Reserve will reaffirm its super-easy policies at a policy meeting this week, and perhaps signal a tolerance for higher inflation in the long run.
On the Multi Commodity Exchange, zinc contracts for July delivery traded higher by Rs 2.10, or 1.22 per cent, at Rs 174.85 per kg with a business turnover of 1,626 lots.
On the Multi Commodity Exchange, aluminium for delivery in July contracts eased by 25 paise, or 0.18 per cent, to Rs 136.50 per kg in a business turnover of 810 lots.
Within the sector, Ind-Ra expects domestic aluminium prices to remain under pressure in FY21.
On the Multi Commodity Exchange, gold prices for August delivery fell by Rs 93, or 0.19 per cent, to Rs 49,055 per 10 gram in a business turnover of 9,356 lots.
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