The steep decline in the dollar index and the price of Brent crude oil caused the Indian rupee to open 8 paise higher on March 6. After closing at 86.97 against the US dollar, the local currency opened at 86.89 against the US dollar. Early trading saw the dollar index, which compares the value of…
Benchmark indices, the Sensex and Nifty 50, ended the market’s decline by staging a robust recovery from oversold territory, ending the March 5 session with gains of about 1%. In addition, the Nifty 50 is poised to end its 10-day losing streak, which is a first for the market. Outpacing losses in a few index…
Natural gas prices rose by 9.1% to ₹387.3 due to record flows to LNG export facilities and higher-than-expected demand forecasts for next week. Despite near-record output and mild weather projections, gas demand in the Lower 48 states is expected to fall from 118.8 bcfd this week to 115.2 bcfd next week. Weather forecasts indicate temperatures…
Crude prices fell slightly in Asian trade on Wednesday as markets remained nervous about tax challenges and rising supply, with the focus on stimulus plans in the world’s largest importer, China. Prices fell to their lowest in five months on Tuesday as investors worried about a slowdown in demand in the face of economic sanctions…
With effect from April 4, all Nifty index weekly futures and options (F&O) contracts will expire on Monday rather than Thursday, according to a March 4 announcement from the National Stock Exchange (NSE). According to the exchange, all Nifty F&O contracts will expire on the final Monday of the expiry month rather than on Thursday….
According to statistics issued by S&P Global on Monday, manufacturing activity in India decreased to a 14-month low of 56.3 in February from 57.7 the month before. A slight loss of momentum in new orders and manufacturing was blamed for the decline. The manufacturing PMI continues to show a strong increase in the sector’s overall…
Global uncertainties continued to cause equity inflows through the foreign direct investment (FDI) channel to drop 6% year over year to $10.8 billion in the October- December quarter. According to the data, the FDI inflow trend that has been dropping over the past few years has not yet been stopped, nor have the levels of…
India’s rice procurement reached 45.84 million tonnes as of February 28, a 5% increase from last year. The Kharif season rice production is estimated at a record 119.93 million tonnes. Key states like Bihar, Uttar Pradesh, and Madhya Pradesh reported higher procurement, while Punjab and Haryana saw a decline. The Food Corporation of India (FCI)…
Oil prices fell to their lowest in nearly three months in Asian trade on Tuesday, as concerns mounted about the economic disruption caused by rising US trade tariffs and the possibility of additional OPEC+ output. Oil has not been resting this week as the world’s largest economies threatened to escalate their trade war. Concerns also…
Jeera prices rose by 0.42% to 21,335 due to the delayed arrival of the new crop in Gujarat due to unfavorable weather conditions. However, demand remains subdued and current export requirements are met through available stock. Farmers hold approximately 20 lakh bags of cumin, with only 3-4 lakh bags expected to be traded by the…
