Sensex drops 1,200 points due to concerns about HMPV; investors lose Rs 9.5 lakh cr; VIX surges 15%
Intense selling pressure on Dalal Street on Monday caused major indexes to plummet as worries about third-quarter profits and the recent HMP virus worry grew. With more losses, the 30-share BSE benchmark Sensex fell 1,258.12 points, or 1.59 percent, to settle at 77,964.99. This was below the 78,000 barrier. It fell 1.81 percent, or 1,441.49…
US crude prices rose on hopes of a draw in US crude stocks
Crude oil prices rose 1.17% to ₹6,373 a barrel, fueled by expectations that China’s central bank will cut interest rates in 2025. Forecasts of cold weather in some places also increased demand for heating oil, pushing up prices in the short term. US oil inventories fell by 1.178 million barrels for the week ended December…
FPIs take out Rs 4,285 cr in three trading sessions due to global headwinds and high valuations.
Concerns over the third-quarter earnings season and the high valuations of domestic companies caused foreign investors to withdraw Rs 4,285 crore from Indian stocks during the first three trading days of the month. Data from the depositories indicated that Rs 15,446 crore was invested throughout December. This emotional change coincides with internal and international challenges….
Cotton Benefits From Rising South Indian Prices As Garment Industry Demand Increases
Cotton candy prices have dropped slightly by 0.22% at ₹54,320 due to rising global cotton production projections for the 2024-25 season. Global cotton production is projected to rise by over 1.2 million bales to 117.4 million bales, with India and Argentina being key producers. However, India’s three primary cotton-producing states, Punjab, Haryana, and Rajasthan, have…
The unlisted share market is expanding as investor interest increases.
The growing interest in the unlisted sector has led to several smaller businesses using creative strategies to reach small investors. Sensex and Nifty are examples of benchmarks that follow the trend of the unlisted market, and low-ticket investment value is another. Notable companies in the index include Tata Capital, NSE India, Boat, Capgemini, and PharmEasy….
Market gains continue in the second week, while rupees decline
Due to strong auto sales data, stronger GST revenues, and FII purchases over the week, the Indian equity market resumed its winning streak for the second week. However, Friday’s sell-off wiped out part of the weekly gains. The BSE Sensex increased 524.04 points, or 0.66 percent, to settle at 79,223.11 this week, while the Nifty50…
Oil expects weekly gains due to cooler temperatures and support from Chinese policy
Oil prices rose on Friday due to cold weather in Europe and the US and additional economic stimulus from China. Brent crude futures settled 0.8% higher at $76.51 a barrel, the highest level since October 14. U.S. West Texas Intermediate crude settled 1.13% higher at $73.96, the highest level since October 11. China’s economic fragility…
Zinc prices fall on weak manufacturing activity
Zinc prices fell 1.23% to ₹276.15 on sluggish manufacturing activity. This is expected to weigh on global GDP and zinc demand, leading to trade disruptions. In December 2024, China’s domestic production of refined zinc increased by 20,000 metric tons (MT) or 5% MoM. However, the year-on-year decline in overall production was more than 6%. Unexpected…
The healthcare industry is expected to reach $320 billion by 2028.
A survey from “Great Place to Work” predicted that by 2028, the healthcare industry in India would have grown to $320 billion. By 2030, the biotechnology industry hopes to reach $300 billion, while the pharmaceutical industry anticipates reaching $130 billion. According to the research, strong worldwide expansion, heightened industry consolidation, and the influx of investments…
Jeera’s profit booking dropped after prices increased due to delayed sowing
Jeera prices fell by 0.66% to ₹24,225 due to profit booking gains. Delays in sowing in Gujarat and Rajasthan, key producing states, have impacted production timelines. Gujarat reported jeera sowing in just 15% of the normal area, with a 20-25 day delay impacting production timelines. India’s cumin production reached 8.6 lakh tonnes in 2023-24, up…
