Crudeoil trading range for the day is 6191-6285.
Crude oil gained but upside was limited due to weak Chinese economic data and the potential of more supplies returning to the global market.
U.S. crude oil was supported slightly by news that U.S. jobless claims fell to their lowest level in 7 years.
China imported 23.52 million tonnes, or 5.54 million barrels per day of crude oil in March, customs data showed
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PRECIOUS METAL WRAP: Gold headed for a second weekly rise as minutes from the U.S. Federal Reserve’s last meeting damped expectations for higher borrowing costs, while tension in Ukraine persisted.
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ReplyDeleteAxis Bank Q4 net up 19% to Rs 1842 cr, approves stock split
Axis Bank fourth quarter (January-March) net profit rising 18.5 percent year-on-year to Rs 1,842 crore on higher other income and net interest income. Net interest income during the quarter jumped 18.8 percent to Rs 3,165 crore while non-interest income climbed 10.3 percent to Rs 2,213 crore year-on-year.Asset quality improved sequentially.
Copper prices declined on Tuesday, as investors remained cautious ahead of the Federal Reserve's policy meeting due to begin later in the day.
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