The price of natural gas yesterday increased by 1.83% to 211.6 due to projections for colder this week and warmer next week, which should increase demand more than initially anticipated through early June. Low levels of wind energy in recent weeks have pushed power companies to burn more gas to make electricity, which has helped…
Despite numerous tries throughout the past month, Bank Nifty has not yet crossed its all-time high of 44,151.80. As the monthly derivatives expiry nears, it has been range-bound and aimless for the past several sessions, which has worried investors. While the Bank Nifty’s growth has been restrained by the failure of large US and European…
Oil prices increased on Wednesday as U.S. oil and fuel supplies tightened and as the possibility of additional OPEC+ output restrictions was raised by a warning to speculators from the Saudi energy minister. Brent crude futures were up 86 cents, or 1.1%, to $77.70 per barrel, while WTI was up 88 cents, or 1.2%, to…
Due to growers starting to deliver the goods they had been holding back for a few months to the agricultural produce marketing committee (APMC) yards, cotton prices have dropped by over 9% in the last two weeks. “Farmers in a number of States have altered their minds and are eager to sell their stockpiled kapas…
In the midst of flat performance in domestic stocks on Tuesday, the rupee fluctuated within a small range before ending the day 2 paise higher at 82.82 (provisional). According to currency traders, the local currency’s significant advances were restrained by the strength of the U.S. dollar. A high of 82.76 and a low of 82.84…
Lending margins, a crucial indicator of Indian banks’ profitability, are expected to rise as a result of the country’s plan to eliminate its highest-value currency note, which will increase bank deposits. According to a letter from Axis Mutual Fund, the Reserve Bank of India’s decision to discontinue the 2,000 rupees ($24) notes will increase bank…
On profit-taking yesterday, the price of turmeric dropped by -3.58% to 7928 in anticipation of an increase in local supplies. In anticipation of a drop in pricing, traders are likewise expressing less interest at current price levels and refraining from mass purchasing. Given that farmers are receiving a fair price for their produce, supplies in…
Yesterday, the dollar increased as risk aversion reigned as a result of mounting concerns about the health of regional U.S. banks and worry about the likelihood of an unprecedented U.S. default, which caused silver to settle down by 0.8% at 72733. At his most recent meeting in June, Jerome Powell, the chairman of the U.S….
In order to replace a reticent IndianOil (IOC) for the potential purchase of a 50% stake in Tullow Oil Plc’s USD 3.4 billion oilfield project in Kenya, India’s leading international oil company ONGC Videsh has found a new partner in Oil India Ltd. However, the aggressive Chinese energy giant Sinopec has entered the fight and…
Due to strong export demand and predictions of fewer supplies at the end of the current marketing year, jeera yesterday finished up 2.12% at 45660. Prices increased as concerns about the crops grew as a result of hailstorms and unseasonal rains in Rajasthan, the main producing state. This season, the market is anticipating decreased yield…
