Turmeric saw a -1.56% decrease, closing at 15532, due to profit booking following prior advances that were bolstered by dwindling supply on the spot market. Shorter ending stocks and a delayed new crop harvest are predicted to keep feelings upbeat in the short run. On the other hand, when buying activity slows down ahead of…
Aluminium saw a -1.04% decrease yesterday, closing at 199.6, as worries over China’s economic growth continued. Uncertainty regarding the course of the Chinese economy’s growth was increased when the official PMI data showed that industrial activity had contracted for the fourth consecutive month. Investors were let down by the absence of any convincing signs of…
The price of cotton candy, a vital product for the world’s textile sector, dropped by -0.03% to settle at 57720. Predictions for the 2023–2024 era show lower global consumption of cotton, especially in major cotton-producing countries like India, Indonesia, Pakistan, Uzbekistan, and Turkey. This reduction coincides with significant changes in the global cotton market. Higher…
Early on Tuesday, as market players evaluated U.S. Secretary of State travel to the Middle East to discuss a ceasefire offer in the region, oil prices showed minimal movement. On Monday, he met the de facto ruler of Saudi Arabia. In anticipation of an Israeli attack on Rafah, a border city where over half of…
Reimagining its worldwide IT operating model for improved resilience, scalability, and user experience, Europ Assistance, a global assistance and travel insurance firm, has chosen Tata Consultancy Services (TCS) as a strategic partner. This announcement was made on Monday. In order to align its IT ecosystem with its mission of providing services “Anytime, Anywhere” and support…
If crude prices stay below $80 a barrel during this time, state-run oil marketing companies (OMCs) are expected to reduce retail prices of gasoline and diesel to some degree, right before the general election that is slated for April, according to sources. Given that the price of petroleum is currently below the $80/barrel barrier, the…
Crude oil experienced a steep loss, closing at 6030, a decrease of 2.84%. Concerns over China’s economic expansion and international efforts to bring about a Middle East truce impacted the bearish trend. In March, OPEC+ will decide whether to prolong the voluntary oil production cutbacks of 2.2 million barrels per day (bpd) that were set…
Prices for cotton candy decreased by -0.17%, ending at 57740, as a result of adjustments to production and consumption estimates for the 2023–2024 season worldwide. There will be a 1.3 million bale drop in global consumption as a result of declines in Turkey, Indonesia, India, Pakistan, and Uzbekistan. This resulted in a 2.0 million bale…
As per the latest research by CRISIL, the Indian economy is predicted to develop at an average annual pace of 6.7% until the end of the decade. Between the fiscal years 2024 and 2031, the economy will expand at this rate, slightly faster than the 6.6% pre-pandemic average. Capital will be the primary driver of…
Following the release of India’s government budget, the rupee saw a small increase on Friday, although early gains on a decline in U.S. bond yields and upbeat sentiment were undermined by dollar demand from state-run banks and importers. The rupee’s previous close was 82.9650; it concluded at 82.9175 against the dollar. This week, the currency…
