Jeera prices dropped by 0.36% to 24,935 due to increased supply and pressure from ongoing arrivals. 30% of cumin stocks are held by farmers, with daily arrivals in Unjha ranging from 12,000 to 17,000 bags. Despite the pressure, the export market remains active, with prices quoted between $3,150 and $3,200 per tonne. Demand is particularly…
Benchmark indices extended their downward trajectory on Thursday, closing at their lowest points in almost two months due to disappointing earnings and ongoing selling by foreign portfolio investors (FPIs), which dampened investor sentiment. After posting dismal profits for the September quarter, Bajaj Auto saw a 13% decline, making it the biggest loss on the Nifty….
Natural gas prices fell 1.4% yesterday to settle at 197.6, as forecasts of milder weather over the next two weeks indicated less than normal heating demand. Meteorologists predict warmer-than-normal temperatures in the Lower 48 U.S. states through Nov. 1, which will reduce natural gas consumption. As a result, LSEG forecasts that average gas demand, including…
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…
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,…
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…
Oil prices rose in Asian trade on Thursday, recovering some ground after several days of bruising losses as industrial data showed that US inventories marked an unexpected balance last week. Brent oil futures for December delivery were up 0.6% at $74.67 a barrel, while West Texas Intermediate crude futures were up 0.6% at $70.27 a…
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…
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…
Oil prices rose slightly in Asian trade on Wednesday, steady after posting bruising losses last week as less severe increases in the Middle East and weaker demand weighed. Oil prices fell more than 4% after Israel said in a statement it would not attack Iran’s oil and nuclear facilities. Brent oil futures for December were…
