Driven by optimism regarding the country’s solid economic fundamentals in the face of a challenging global climate, foreign investors made a strong return on their more than Rs 2 lakh crore investment in Indian shares in 2023–2024. Foreign Portfolio Investors (FPIs) have made net investments in the Indian equities markets amounting to around Rs 2.08…
“The Department of Food and Public Distribution directs traders, wholesalers, retailers, big chain retailers, and processors in all states and union territories to declare their stock position on the portal beginning April 1, 2024, and continuing every Friday until further orders,” according to the order issued by the Department of Food and Public Distribution on…
Russia will drop oil production rather than exports in the second quarter of 2024 to ensure that all OPEC+ nations who lower output contribute equally to the cuts, according to the Russian Deputy Prime Minister. When OPEC+ members declared in early March that they intended to extend the cuts into the second quarter, Russia modified…
India’s refined oil product exports declined in March due to declining export margins. The nation exported 1.28 million barrels of refined oil products per day in March, a 12.5% decrease from the previous month and 15% less than the previous year. India’s export of refined oil products to Europe decreased by 6.5% in March, while…
The government is ramping up its Bharat brand of staples to control prices, with Nafed and NCCF tasked with procuring wheat directly from farmers, particularly in states like Bihar, Rajasthan, and eastern Uttar Pradesh where MSP benefits are often missed. This move aims to reduce reliance on FCI for wheat procurement. FCI’s role in ensuring…
Aluminium prices rose 0.36% Tuesday, finishing at 207.7, on concerns about the slow rebound in production in China’s Yunnan province. However, the upside was limited due to softer domestic monetary policy expectations and a stronger dollar. Investors remained cautious, anticipating signs of a resurgence in demand from China, the world’s largest metals buyer. Worries about…
Jeera prices rose 1.36% to 23860, spurred by lower cumin arrivals in Unjha, which fell to 35-37 thousand bags. This reduction in arrivals, combined with record-high acreage in important producing states such as Gujarat and Rajasthan, fueled the increasing trend. Farmers increased cultivation due to advantageous pricing from the previous marketing season, demonstrating a strong…
According to the latest data, crude oil imports into India hit 5.2 million barrels per day in March, which is the highest level since early 2020. In March 2021, imports rose by 4.5% from 4.9 million barrels per day, 11% more than the amounts imported in February. The data also indicates that India’s crude oil…
Copper prices fell -0.37% to 757.7 on prospects of looser monetary policy and a stronger dollar, hurting investor sentiment towards the industrial metal. Furthermore, growing stockpiles in LME warehouses, which reached their highest levels since February, put downward pressure on copper prices. The increasing disparity between LME cash copper and the three-month contract, the highest…
May Brent crude futures were down 69 cents, or 0.8%, at $85.56 per barrel. The June contract traded more frequently, dropped 60 cents, or 0.7%, to $85.03. The May contract is scheduled to expire on Thursday. U.S. West Texas Intermediate (WTI) crude futures for May delivery fell 55 cents, or 0.7%, at $81.07.U.S. crude oil…
