September exports increase by a flat 0.5% while the trade deficit hits its lowest level in five months.

India’s merchandise exports increased somewhat year over year to $34.58 billion in September, albeit from a low base (-2.8%). However, with import growth also being moderate at 1.6%, the trade imbalance shrank to $20.78 billion, its lowest level in five months. With exports falling sharply by 9.3% year over year in August, the trade imbalance…

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Shares of Reliance Industries rise more than 1% following the news of a 1:1 bonus.

Mukesh Ambani’s Reliance Industries Limited (RIL) shares increased 1.1% to Rs 2,738.70 during intraday trading on Thursday after it was announced that October 28, 2024, would be the record date for identifying shareholders who qualify to get 1:1 bonus shares. Late on Wednesday, the company announced that its bonus issue had been approved by shareholders,…

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A weaker dollar and some short-covering helped copper rise

Copper prices rose by 0.48% to ₹821.05, driven by a softer dollar and short-covering activity. China’s pledge to increase debt and stimulate growth boosted sentiment, but it lacked specific details on the stimulus and limited enthusiasm. China’s weaker-than-expected September trade data raised concerns about demand, while the US Federal Reserve’s cautious interest rate cuts weighed…

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IPO Hurry! While 18 of 30 major IPOs fail and 8 have negative returns, Bajaj Housing Finance and Bharti Hexacomm have significant gains.

Comparing the CNX 500 index to the 30 IPOs, just twelve of them, in terms of issue size, were able to provide investors with returns. From a different perspective, 60% of IPOs have not been able to outperform the CNX500 since their introduction. Thirty-one IPOs have had eight negative returns. Reliance Power destroyed the most…

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Prices for Jeera decline when the market is burdened by expectations of increased production

Jeera prices dropped by 1.7% to 25,500 due to expectations of higher production this season. However, the downside was limited due to strong domestic and export demand, tight global supplies, and farmers holding back stocks. Gujarat and Rajasthan saw increased sowing areas, leading to a 30% higher production forecast. China’s cumin production surged to over…

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Cement demand is expected to increase at a moderate rate of 7-8% in this fiscal year.

According to research by CRISIL Ratings, cement consumption is predicted to increase at a slower rate of 7-8% on-year to over 475 million tonnes (MT) this fiscal, following a compound annual growth rate of almost 11% between fiscal 2022 and 2024. Nonetheless, it stated that cement companies’ operating profitability is probably going to remain above…

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