Welcome to the Indian Market tracker, we constantly support traders to analyze the rise and fall of the market for ten categories on the daily basis. We analyze and display the beginning value of the market on the morning updates and the Ending value on the evening updates. We examine the everyday trends for these categories and flash them as push notifications in our mobile applications and our success rate is above 80 percent. Play Store
In the months of April through October of this fiscal year, India’s imports of coking coal increased 6% year over year to 28 million tonnes (mt) from 26.5 mt the previous year. During the seven-month period, supplies from Russia increased by almost 100% to 1.1 mt, according to statistics from trade sources and the Ministry…
Vegetable oil producers in India are grinning once more as edible consumption has returned to pre-Covid levels. In the 2019–20 season (November–October), the average person’s consumption of edible oil fell by 7.8 percent, and the future years’ price volatility further impacted the off-take. And now for the good news for manufacturers of edible oils. Unexpectedly,…
In light of the slowdown in global economy and its effects on India’s exports and industrial activity, Crisil on Monday lowered its forecast for India’s GDP for the current fiscal year from 7.3% to 7%. The rating agency also said that as global economy slows more quickly, the country’s gross domestic product (GDP) growth will…
The government’s announcement to remove the export duty late on Friday was applauded by the steel sector. The tax, which had been introduced in May, was eliminated as of Saturday. According to a notification from the Finance Ministry, iron ore lumps and fines with “less than 58 percent Fe” will not be subject to export…
By the end of September 2022, creditors, mainly banks and financial institutions, had received 2.43 billion rupees under resolution plans approved by the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC). This is in contrast to the total amount of claims made by creditors, which total $7.91 lakh crore and have…
The government-run Coal India anticipates selling about 50 million tonnes through its online marketplace this fiscal year. During the first half, the coal miner had sold about 30 million tonnes via the e-auction site. “We have already completed 30 metres in two quarters. Another 50 mt ought to be there in the third and fourth…
Indian sugar mills will break their export promises, raw sugar prices in the international market reached a high of 20 US cents per pound on Tuesday night. On Wednesday, it fluctuated, falling below the 20 cent threshold before rising again. Contracts are the result of the worldwide market’s response to exporters’ guarantees that there won’t…
India’s export of goods dropped for the first time this fiscal year in October 2022, dropping 16.6% to $29.78 billion (year over year). Shipments of the most of major goods, including petroleum, gems and jewelry, engineering equipment, chemicals, textiles, and medicines, suffered. According to initial estimates issued by the commerce and industry ministry for October…
In October, for the second time this fiscal year, India became a net importer of steel due to lower-cost options in the downstream industry, such as cold-rolled and coated goods, while exports significantly decreased in volume. According to information accessible with the Steel Ministry, steel imports totaled 5,93,000 tonnes in October, compared to exports of…
The International Monetary Fund (IMF) declared on Sunday that the outlook for the global economy is much more gloomy than it was predicted to be last month, citing a steady slide in purchasing manager surveys in recent months. According to a blog written for the G20 leaders’ summit in Indonesia, the prospects for global economic…
