SMFT

Oil prices  firmed  on Friday as traders expected  OPEC and Russia to agree on production cuts next week, although swelling US supplies kept markets in check. US West  Texas Intermediate (WTI) crude futures were at $51.55 per barrel at 0203 GMT, up 10 cents, or 0.2 percent from their last settlement.  international Brent  crude  oil  futures   were up 15 cents, or 0.3 percent, at $59.66 per barrel.  Despite the  firmer  prices, crude oil has lost almost a third in value since early October because of an emerging supply glut following a global surge in production, including from the United States, Russia and by the Middle East-dominated Organization of the Petroleum Exporting Countries (OPEC).  To rein in the glut, ANZ bank said on Friday that OPEC and its main partner Russia were "moving closer to an agreement around  further  production cuts".  OPEC and Russia will gather on December 6 and 7 in Vi...

  BENGALURU :   Gold prices held  firm  on Thursday after notching up their biggest daily percentage gain in nearly two weeks in the previous session, with the dollar easing on dovish comments from Federal Reserve Chair Jerome Powell.  FUNDAMENTALS   Spot gold had inched up 0.1 percent to $1,221.73 per ounce by 0127 GMT. Prices gained about 0.6 percent on Wednesday, their  bigges t one-day percentage gain since Nov. 16.  US gold  futures  were down 0.2 percent at $1,221.6 per ounce.    The dollar index, which measures the greenback against a basket of six major currencies, slipped about 0.6 percent on Wednesday, its  steepest  percentage decline since Nov. 1.  Powell injected investors with a strong dose of optimism on Wednesday, saying that the central bank's policy rate is now "just below" estimates of a level that neither brakes nor boosts a healthy US economy, comments that many  ...

[ET Bureau | Mumbai ]:-                                                               SpiceJet  shares have risen 35% since October 5 due to the reduction in crude oil prices and decent sentiment on the aviation industry. From that day onwards, the Tata Group started its DU Dealgence tobuyJet  Airways. SpiceJet's stock closed at Rs 82.60, up 5.6% on Wednesday. According to Bloomberg's Consensus Estimate, the company has a scope of increasing its share price and 26%. Despite the company's poor performance in the September quarter, market analysts are bullish on SpiceJet. They say that the company is increasing the number of aircraft in the second half of the fiscal year 2019, which will further accelerate its growth.  Jalal Irani, the analyst at Edelweiss Securities, said, "We are bullish in terms of lo...