Financial fever is a new series, particularly curated for young and enthusiastic investors who are eager to learn. The series entails a detailed description of the top gainers and losers in the stock market indices i.e. NSE Nifty and BSE Sensex. We also provide insight on recent updates of the commodity market and forex.
WEEK 2: 22 April- 28 April
NIFTY- TOP GAINERS
NIFTY- TOP LOSERS
Silver price edged lower to ₹66,932 per kg on April 9 as participants increased their short positions as seen by the open interest. The precious metal jumped 1.3% yesterday on the COMEX. The white metal had been trading higher than 5,20,100 and 200 day's moving averages but lower than the 50 days moving average on the daily chart. The Relative Strength (RSI) is at ₹53.89 which indicates positive momentum in prices.
Gold prices were steady at Re.46,446 per 10gram in Mumbai retail market as the rupee declined for the fifth straight day despite weak global cues. The Yellow metal had gained ₹1,527 or 3.4% in the domestic market the week. The rate for 10gm 22-Carat gold in Mumbai was ₹42,545 plus 3% GST, while 24 carats/ 10gm was ₹46,446 plus GST. The 18-carat gold quoted at ₹34,834 plus GST in the retail market.
Week's high - 190.90 Week's low- 187.50
Natural Gas futures rose to ₹187.60 per mmBtu on April 9 as participants increased their long positions as seen by the open interest. Natural Gas price had rise 0.1% on the NYMEX the previous day.