Jeera futures fell by 0.14% to ₹25,050 due to increased arrivals in key markets like Unjha. Farmers hold 35% of the current season’s stock, with carryover stocks at around 20 lakh bags. Export prospects are favorable, with a rise in demand post-Diwali. Indian cumin, currently priced at $3,050 per tonne, remains the cheapest globally, making…
Gold prices rose modestly in Asian trade on Tuesday as the US president’s warnings of additional trade tariffs boosted demand. The price of the yellow metal fell sharply from earlier as various reports suggested that a ceasefire between Israel and Lebanon was nearing. Challenges to ease tensions between Israel and the Lebanese militant group Hezbollah,…
Turmeric prices fell by -3.91% to ₹13,806, driven by weak demand and rising arrivals. Market sentiment is bearish as the upcoming season is projected to be 30-35% higher than last year, indicating a significant increase in production. However, the downside is limited due to reports of crop damage from heavy rains, suggesting potential production losses….
According to preliminary statistics, on Monday, November 25, foreign institutional investors (FIIs) became net buyers in the equity markets, acquiring stocks valued at Rs 9,947.55 crore. The market attitude received a much-needed boost due to this notable change, which ended a 38-session run of net selling. Conversely, on the same day, Domestic Institutional Investors (DIIs)…
As Budget FY26 preparations begin, the government has begun internal deliberations on how to revitalize the industrial sector with a new set of incentives. Although production-linked incentives are already being used to encourage investment in a few industries, a more comprehensive plan is currently being considered, in which government support would be connected to the…
The textile trading sector is projected to be worth $800 billion globally, of which $35 billion comes from exports from India. The Indian government has revealed a plan for the sector to reach $100 billion by 2030, which would entail a 19% compound annual growth rate over the following six years. This would directly employ…
Gold prices fell in Asian trading on Monday following rumors of ceasefire talks between Israel and Hezbollah. However, the yellow metal has recovered from the previous week’s gains due to increased tensions between Russia and Ukraine. In addition, Besant’s appointment removed a significant part of the market uncertainty. Reports of the deal suggested that the…
Jeera prices fell by 0.75% to ₹25,025, driven by increased arrivals in Unjha. Farmers hold 35% of the current season’s stock, with carryover stock estimated at 20 lakh bags. Despite supply pressure, optimism persists regarding export demand, particularly in November-December, supported by festive season requirements and India’s competitive pricing. Indian jeera is currently the cheapest…
The US dollar rose to a new high on Friday, while the euro sank on poor euro-area economic data. The dollar rose 3% this month on expectations that a presidential election victory would boost inflation and limit the Federal Reserve’s ability to cut interest rates. In Europe, EUR/USD fell to a two-year low on Thursday…
The bulls recovered well in the week ending November 22. Indian benchmarks halted a two-week losing skid and closed the week with a gain of about 2 percent, despite ongoing FII selling and worries about new geopolitical tensions. The BSE Sensex increased 1,536.8 points, or 1.98 percent, to settle at 1,536.8 this week, while the…
