Nifty falls below 23,200 and the Sensex drops 1,400 points as bank and IT stocks fall ahead of the April 2 tariff deadline.

Ahead of former US President Donald Trump’s tariff deadline, investors were on edge, as the benchmark indices Nifty and Sensex continued to decline on April 1. The sell-off was led by Nifty IT and Pharma, which are the stocks most vulnerable to any trade shocks, and then banking stocks. Fear swept the Street as the…

Read More

Jeera rises as export activity and domestic demand boost prices.

Jeera prices increased slightly by 0.13% to 22,585, driven by domestic demand and export activity, especially from Gulf countries. However, supply constraints, including limited arrivals from Rajasthan and a delayed new crop in Gujarat, also contributed to the increase. India’s cumin production for 2023-24 is estimated at 8.6 lakh tonnes, a significant increase from the…

Read More

Turmeric prices rise amid tight supply and strong demand.

Turmeric prices rose by 1.05% to 13,280 due to lower-than-expected arrivals and strong buying interest. Positive export trends supported the price increase, with shipments reaching a four-year high. However, untimely rains impacting yields in the Nanded region have affected production, with an expected 10-15% decline in productivity. From April to December 2024, turmeric exports surged…

Read More