Quote on Pre - Markets opening by Mr. Vikram Kasat, Head Advisory, PL Capital (Prabhudas Lilladher)
Below the Quote on Pre - Markets opening by Mr. Vikram Kasat, Head Advisory, PL Capital (Prabhudas Lilladher)
Uncertainty Reigns Renewed hostilities in the Middle East shook markets on Wednesday, U.S. and Iran are once again trading attacks, and Trump says the cease-fire is over.
Brent crude, the global oil benchmark, settled 5.2% higher on the day, to $78.02 a barrel, for its largest one-day gain in more than two months.
Rising oil prices could mean a rebound in gas prices at the pump and higher prices for consumers. US Treasury yields rose, with the 10-year yield up 0.038 percentage point, to 4.567%, its highest level since May 22.
Participants judged that the risks to the inflation outlook were still tilted to the upside according to minutes from June’s Fed meeting released today. Many participants noted that elevated commodity prices and supply disruptions could persist longer than currently anticipated
Nifty 23882.05
Strong Support 23350
EMS Stocks - Import duty removed on several key raw materials
ONGC, Oil India, Drilling Co-Oil extends gains as US strikes continue
AMC Stocks, SBI-SBI Funds Management-IPO opens on July 14
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