According to data published on November 11 by the Association of Mutual Funds of India (AMFI), the trade association for mutual funds, open-ended equities mutual fund inflows increased 21.69 percent month-over-month (MoM) to Rs 41,887 crore in October across the equity fund category. For the 44th consecutive month, inflows into open-ended equities funds were in…
The oil and gas industry has demonstrated remarkable growth and endurance during the previous three years. Between October 2021 and October 2024, the NSE 200 gained 46%, while the Nifty Oil & Gas index returned 47%. Several government initiatives to increase production and strengthen the economy have benefited the upstream oil and gas industry. Oil-linked…
Asian trade on Monday saw a drop in oil prices as a hurricane in the Gulf of Mexico had little impact on US output and heavy fiscal stimulus measures by China, the world’s biggest importer, were largely unimpressive. Prices have continued to fall since Friday, following Beijing’s approval of 12 trillion yuan ($1.6 trillion) in…
Aluminium prices fell by 2.15% to 241.6 due to disappointment over China’s limited fiscal stimulus measures. The package aimed to ease debt repayment burdens for local governments, but fell short of investors’ expectations. The potential for higher tariffs under the US President-elect also loomed over the metals market, causing concerns about reduced demand for Chinese…
The OPEC+ group has extended their production cut to limit excess supplies and stabilize prices in global oil markets. Oil has been trading in a tight range since the second half of 2022, with prices broadly congested within $97-$65 per barrel. OPEC+ production policies significantly impact global oil markets, with higher prices typically following production…
Since the Reserve Bank of India intervened to stop speculative trading, the once-thriving currency derivatives markets are in terminal decline, with volumes falling by about 98% in less than six months and the majority of dealers moving to offshore exchanges. The average daily turnover for currency futures and options on the National Stock Exchange (NSE)…
The sector’s correction or consolidation is indicated by the BSE PSU Index’s 13% decrease from its peak of 22,814 at the end of July. Just 3% was the decline in the benchmark Sensex during the same time frame. A robust surge in PSU stocks preceded this fall. The BSE PSU Index increased by 94.5% over…
Soybean prices are below the government-set minimum support price (MSP) of Rs 4,892/quintal (MSP), seven weeks after India increased import duties on edible oils. The mandi price currently varies between Rs 4,500 and Rs 4,700 per quintal due to high moisture due to pre-harvest rains. Excess and low demand has kept prices from hitting the…
Jeera rose 2.26% to 25,140 on short covering and expected export demand despite increased supply. Oonja receives more than 15,000 bags of cumin per day, and farmers are expected to save about 35% of their seasonal supply. Around 20 lakh bags were in carryover supply at the beginning of the season. After Diwali, export demand…
Natural gas prices fell by 2.33% to 226.6 due to reduced heating demand and concerns about Hurricane Rafael’s impact on the U.S. Gulf Coast. Energy firms cut gas production from Gulf of Mexico platforms by 7%, but this region now contributes only 2% to U.S. gas output. Average gas output in the Lower 48 states…
