The SGX Nifty is at 15,768.80, up 74.80 points. The Nifty had a weak session the day before the derivation of contracts expired, with foreign investors booking profits and expiring between 15,700-15,800. As investors see more traction in smaller and midcap stocks, midcap gains are expected. More volatility is expected today as markets are being…
According to the U.S. Department of Agriculture’s Crop Progress Report, U.S. soybean farmers have planted an average of five years more than last year, between dry conditions in the Midwest. Crop quality deteriorated further than last week. Poor US soybean crop quality will reduce overall productivity forecasting and stock distribution concerns. According to USDA’s Crop…
Oil rose in Asia on Wednesday morning, with strong economic recovery from key consumers boosting fuel demand and filtering inflated cargo. Investors are now waiting for a meeting of petroleum exporting countries and allies (OPEC +) for clues on manufacturers’ policy. Brent oil futures rise 0.59%. 75.25 and WTI futures were up 0.47% at $…
The SGX Nifty is at 15,882.20, up 125.20 points. The Nifty had a very volatile session, with the Sensex hitting a new all-time high, reaching the big milestone of 53000. The Nifty came into the 15900 whistles hitting 15900 before booking a profit in the last hour and all gains were wiped out as the…
Markets saw a volatile day of trading as the board weighed the profit margin during the final trading session. The Nifty index outperformed the Bank Nifty by 0.5%, the previous close was slightly higher and then closed in the red. The Nifty Auto Index closed 1.25% higher among the best performers, while Maruti Suzuki topped…
Chicago corn futures fell 1.5% on Monday as rains eased traders’ worries about limited global distribution and put pressure on prices. Soybeans fell 1%, while strong Chinese demand saw lower losses, while wheat was lower. Tobin Corey, director of the Commonwealth Bank’s agricultural strategy, said: “Weekend rains in arid regions will reduce crop stress for…
Copper continued to decline on Monday, reaching its lowest level since mid-April, as commodity price rallies and the U.S. After China restricts signals from the Federal Reserve, it will tighten monetary policy sooner than expected. On the London Metal Exchange (LME), benchmark copper fell 0.4% to $ 9,108.50 a tonne, hitting $ 9,011 at 1051…
Crude oil stocks fell for the fourth week in a row Crude fell on Tuesday as investors paid for the latest rally, but market sentiment remained firm in hopes of a quick recovery in oil demand in the US and European markets and a return on Iranian crude. Brent crude futures for August were down…
The SGX Nifty is at 15,844.50, up 95.65 points. The Nifty had a very volatile session as the morning notes were very weak globally, with the Japanese Nikkei falling over 1000 points, reaching the index number 15505 in early trading. However, the mid-session buy / short cover index recovered all losses and rose by 70…
Airtel for Tata’s O-Ron based network solution Reliance Jio is partnering with Bharti Airtel to launch 5G network solutions for India to build its own 5G telecommunications network based on open source technologies. The Tata Group has developed an O-Ron-based Radio & NSA / SA core and integrates a domestic telecommunications hierarchy to enhance team…
