Zinc prices rose by 1.15% to ₹282, driven by China’s plans to issue $411 billion in special treasury bonds next year. This move aims to support the world’s largest zinc consumer amid economic challenges. However, inventories in Shanghai Futures Exchange warehouses fell by 20.80%, indicating tighter supply conditions. The global zinc market faced a deficit…
India’s market capitalization increased by an astounding 9% in December, making it the largest among the top ten equities markets in the world. After declining for four straight months, this performance represents its biggest uptick in over three years. So far in December, foreign investors have invested about $2.37 billion in Indian stocks, reversing the…
Increased sowing and favourable crop conditions put downward pressure on turmeric prices, which fell -1.11% to Rs 13,836. Despite some weather-related delays, crop conditions are assessed as good to excellent. Major trading locations like Hingoli and Erode saw significant inflows, but Hingoli markets remained closed. Market inflows increased to 9,030 bags from 7,965 bags in…
Following rumors that the salt-to-software conglomerate had started listing its financial services division, Tata Capital, through an initial public offering (IPO) of $2 billion, or approximately Rs 17,000 crore, shares of Tata group firms increased on Tuesday. The IPO is anticipated to occur before September 2025, which is the cutoff date for fulfilling the Reserve…
Wheat cultivation in the Rabi season has increased by 2.5% to 312.28 lakh hectares (lh) due to stable prices and farmers’ appetite for government incentives. However, the area under oilseeds and pulses has declined, as a result of increased imports and falling market prices, putting India’s hopes of self-sufficiency at risk. Wheat’s strong market performance…
Jeera prices have declined by -0.15% to ₹23,935 due to profit booking and delayed sowing in Gujarat and Rajasthan, key producing states. Higher temperatures have hampered seeding and germination, resulting in sowing covering only 15% of the cropping area. Rajasthan’s cumin cultivation is expected to decrease by 10-15%. India’s cumin production reached 8.6 lakh tonnes…
Due to the Chinese yuan’s decline and importers’ aggressive dollar buys, which were probably connected to month-end payments, the rupee fell to yet another all-time low on Monday, according to FX traders. The decrease was, however, restrained by dollar sales made by the state-owned banks acting on behalf of the Reserve Bank of India. After…
The Indian IT industry, which gets 50–60% of its income from the US market, is benefiting from the rupee’s recent weakening versus the dollar. The rupee has lost almost 108 paise against the dollar thus far in the third quarter. According to analysts, this will increase the margins of IT companies by 30 to 50…
Turmeric prices rose 0.03% to ₹13,992, but this was despite rumours of tight supplies till the next harvest season due to significant buying. Despite the Hingoli markets being closed, supplies rose sharply to 9,030 bundles from 7,965 bundles the day before. Also, turmeric production in key growing regions like Maharashtra, Telangana and Andhra Pradesh increased,…
The Union Budget 2025 presentation will cause the National Stock Exchange of India (NSE) and the BSE to have full trading on Saturday, February 1, the exchanges announced on Monday. “Exchange shall be conducting a live trading session on February 1, 2025, due to the presentation of the Union Budget,” the exchanges stated in a…
