In the week ending September 1, the market ended a five-week losing trend with solid gains. The benchmarks were under pressure due to conflicting global cues, weak monsoons in August, and rising crude oil prices; nevertheless, positive investor sentiment was buoyed on Friday by solid GDP and Manufacturing figures. The Nifty50 began the month of…
The government is likely to impose stock holding restrictions on chana (gram), after wheat, tur, and urad, as a result of a price increase. The government aims to prevent a potential price increase during the upcoming festive season since mandi prices of chana this month for the first time in many years exceeded the minimum…
According to the S&P Global monthly survey, India’s manufacturing sector experienced its quickest rise in three months in August, powered by a significant increase in new orders and output. The manufacturing sector’s health improved by the second-best amount in nearly three years in August, according to the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’…
As a result of important market events, crude oil had a big increase of 2.02%, finishing at 6871. Notably, the main forces behind this rally were the steep decrease in U.S. crude stocks and the belief that the leaders of OPEC+ would maintain a tight world supply. According to figures from the Energy Information Administration…
Concerns about decreased output caused cotton candy to increase 0.27%, closing at 59940. In Gujarat, seeding grew by over 5% to 2,679,299.00 hectares, exceeding the 2,545,105.00 hectares seeded in the previous year. However, India’s total area planted with cotton fell by roughly -1.82% between 2022 and 2023, from 124.82 lakh hectares to 122.56 lakh hectares….
India’s economy is anticipated to do well in its most recent assessment due to robust growth in the services sector and an uptick in manufacturing despite high-interest rates. According to the consensus estimate in a Bloomberg survey conducted before the release of the data on Thursday, the gross domestic product increased by 7.8% over the…
Silver rates fell by 0.32% on Thursday, while gold prices just slightly declined. Gold October futures were selling at Rs 59,460 per 10 grams on the Multi Commodity Exchange, down Rs 18 or 0.03%. On the MCX, silver December futures were trading at Rs 76,037 per kilogram, down Rs 243. Although inflation figures anticipated later…
The price of turmeric increased noticeably by 1.16%, closing at 14458. The market’s scarcity of high-quality food can be blamed for this increase. Turmeric prices are significantly impacted by the current planting activities and crop development. However, worries have been raised because it is predicted that the southern and central regions will have drier weather,…
In response to a weakening US dollar on international markets on Wednesday, the rupee gained 6 paise to settle at 82.74 (provisional). Analysts claim that while rises in crude oil prices restrained the rupee’s upward potential, FII inflows into the capital market and robust equity markets supported the local currency. In the face of overnight…
According to a domestic ratings business, the revenue growth of the Indian IT services sector will decrease to 3% in the current fiscal year from 9.2% in the prior fiscal year. According to ICRA Ratings, this fiscal year’s profitability would also suffer, and the operating profit margin will drop to 20–21%, a reduction of up…
