The price of turmeric fell -0.28% to ₹16,400, primarily due to reports of heightened seeding activities in major producing regions. Prices have been pressured lower by reports of increased sowing quantities, especially in Maharashtra, Telangana, Andhra Pradesh, and on the Erode line, where seeding is said to be double that of the previous year. India’s…
The Association of Mutual Funds of India (AMFI), the industry trade group for mutual funds, issued data on August 9 that showed a decline in investments in large- and mid-cap funds during July, resulting in an 8.61 percent decline in inflows into open-ended equities mutual funds to Rs 37,113.39 crore. According to AMFI data, monthly…
Gold rates Many people were encouraged by the strong demand for heaven and the mounting anticipation of a significant interest rate decrease by the US Federal Reserve in September. Spot gold increased by 1338 gmt, or percent, to $ 2413.19 per ounce. US gold futures were trading at $2,452.20, up 0.8%. Palladium climbed 2.6% to…
Following the Reserve Bank of India’s (RBI) policy announcement, shares in rate-sensitive industries including banking, finance, auto, and real estate are seeing a stable day. The financial industry is where the most notable effects are observed. At 50,243.45, the Nifty Bank index was up. It gained 611 points in a single day. Over the past…
Thursday saw oil prices rise for the third consecutive day as government data revealed a sharp decline in US crude stockpiles, which helped the commodity recover from multi-month lows reached this week. While U.S. West Texas Intermediate crude gained 29 cents, or 0.4%, to $75.52, Brent crude futures increased by 23 cents, or 0.3%, to…
Gold prices edged higher on Thursday due to tensions in the Middle East and US price cuts. U.S. Gold futures were down 0.2 percent at $2,428.40, while spot gold was up 0.3 percent at $2,389.42 an ounce. Geopolitical unpredictability in the Middle East and falling US Treasury yields increase the attractiveness of gold. Analysts expect…
In July, foreign portfolio investors bought a net amount of Rs 32,365 crore, however, due to concerns about high valuations and the topline growth forecast, among other reasons, foreign investors sold in some sectors, such as IT, power, metals, and energy. According to NSDL data, in July, foreign institutional investors (FIIs) sold shares valued at…
China imported 9.97 million barrels of oil per day last month, a 12% decrease from June’s number and a 3% decrease from July 2023’s daily import average. The fall in July comes after an 11% yearly decline in June’s reported crude oil imports, albeit from a record high planned for June 2023. Data released in…
According to data from energy cargo surveillance company Vortexa, India’s petroleum product exports grew slightly by 1% to 4.9 million barrels per day in the first four months of the current fiscal year 2024–25 from 4.8 million barrels per day in the April–July period of 2023–24. However, compared to 1.22 million barrels per day in…
On Wednesday, gold prices were marginally lower as the US currency strengthened and Treasury yields rose. Spot gold: was down 0.2 percent at $2,385.23 an ounce. US gold futures: fell 0.3% to $2,425.50 an ounce. Gold prices rose due to gains in the dollar by investors holding foreign currencies. Higher Treasury yields reduce the appeal…
