Monday’s trading session saw the main equity indices close in the green. The BSE Sensex reached 68,863.93, up 2.05%, while the NSE Nifty 50 gained 418.90 points, or 2.07%, to end at 20,686.80. To close at 46,431.40, the Bank Nifty index increased by 1617.20 points, or 3.61%. With advances led by large- and small-cap stocks,…
With mounting uncertainty regarding OPEC+ output cuts, crude oil saw a 1.97% decrease, closing at 6281. Fears of a drop in the demand for fuel were exacerbated by worries about China’s economic crisis. In response to declining oil prices and forecasts of a surplus in the upcoming year, the OPEC+ coalition decided to reduce its…
Cotton candy prices saw a little increase of 0.07%, ultimately settling at 57240. This increase was mostly driven by the Cotton Association of India’s (CAI) revised downward projection of cotton production for the current 2023–2024 season. Concerns about decreased cotton output were exacerbated by the revision, which mentioned damage in Haryana caused by pink bollworm…
Although the kharif season 2023–24 was hampered by flooding in July and August, Punjab is anticipating a record harvest of paddy grain, according to officials. The food bowl of the nation, as the state is called, anticipates paddy output to surpass 205 lakh metric tons, with an average yield that is more than four quintals…
Many analysts have increased their GDP growth projections for FY24 in light of the 7.6% GDP growth in Q2FY24, which was stronger than anticipated and driven by a substantial increase in manufacturing activity and investments. Growth estimates for the current fiscal year have been revised upward by as many as ten experts, ranging from 20…
The price of Brent crude experienced a decline to $80.6 per barrel, even with the recent announcement by OPEC and its allies to prolong the production reduction of 1.7 million barrels per day until 2024. Forecasters predict that going forward, the price of crude will stay between $80 and $85 per barrel. India, which imports…
For the second week in a row, foreign exchange reserves increased, reaching a nearly three-month high of $597.9 billion for the week ending November 24. In the week ending November 24, reserves increased by $2.5 billion, following a $5.1 billion increase in the week ending November 17. Both the appreciation or depreciation of foreign assets…
November saw a rise in the nation’s power consumption of 119.64 billion units (BU), or approximately 8.5 percent, as a result of celebrations and more economic activity. Based on government data, power consumption was 110.25 billion units in the same period last year, which was more than the 99.32 billion units recorded in November 2021….
Early Asian trading on Friday saw a decline in oil prices, which continued losses following the voluntary agreement by OPEC+ members to reduce oil output for the first quarter of 2019 that fell short of market expectations. At morning session February’s Brent crude futures were down 14 cents, or 0.2%, at $80.72 per barrel. At…
Due to predictions that OPEC+ would expand or intensify production restrictions, crude oil prices ended the day up 1.17% at 6488. Market anticipation has increased due to ongoing discussions within OPEC+ about the oil policy for 2024; there is no anticipated delay to the planned meeting on Thursday. Previous difficult OPEC+ production quota discussions, most…
