As farmers clung to their stocks in anticipation of future price increases, turmeric prices yesterday jumped by 3.67% to settle at 19,648. Prices are expected to be supported further by the ongoing heatwave in India, which might harm crop production and exacerbate supply shortages. With more heatwave days predicted for May than normal, the India…
As a result of an unanticipated increase in U.S. crude stockpiles, crude oil prices fell by 1.16% Wednesday, closing at 6,492 INR. 1.825 million more barrels of crude oil were added to U.S. stocks last week, according to the Energy Information Administration (EIA), than the 2.55 million barrel drop that the market had anticipated. Distillate…
The slowing in the speed of arrivals caused stockists and farmers to hold off on releasing their stockpiles in the face of higher price realization, which caused jeera prices to rise by 6% yesterday and close at 29,510. There was a slight increase in the arrival of jeera in major APMC mandis in India, suggesting…
Due to persistent domestic money flow and promising economic growth, investor optimism drove the market capitalization of BSE-listed companies to a record $5 trillion on Tuesday. In about half a year, the market capitalization surged from $4 trillion to $5 trillion, marking the quickest $1 trillion increase in history. For this time, the rupee has…
For FY25, JSW Steel has set aside Rs 20,000 crore for capital expenditures (capex) because it anticipates a healthy fiscal year with continued economic growth and robust steel demand. The company spent Rs 17,000 crore on capital expenditures in the previous year. According to joint MD and CEO Jayant Acharya, the steel company, which is…
In the next few days, government agencies are expected to acquire more wheat than they did the previous year 262 lakh tonnes as of Saturday. As of now, purchases have reached about 261 lakh tonnes. The total is anticipated to not meet the initial estimate of 300–310 lakh tonnes. Madhya Pradesh has extended its procurement…
Jeera prices increased 2.85% to settle at 27,830, mostly due to a decrease in arrivals and a refusal on the part of farmers and stockists to release their supplies at the existing rates. Because of this careful approach, supply became more limited, which helped drive up prices. While it was a little rise from the…
The significant mining company Vedanta (VEDL), a division of Vedanta Resources (VRL), with its headquarters in London, intends to raise Rs 8,500 crore through a variety of channels, such as rights issues in one or more tranches and public offers. In a stock exchange report, Vedanta stated that the Anil Agarwal-led company has also recommended…
Concerns about bullish demand despite tightening supply conditions—which could result in market deficits—pushed copper prices higher by 0.26% to close at 894.3. Forecasts regarding the metal’s continued usefulness were validated by its essential position in a variety of industries, particularly in electrification for uses including grid-scale energy storage and electric car charging. Beijing’s move to…
The Organization of Petroleum Exporting Countries predicted that India’s oil consumption will increase to 5.80 million barrels per day in 2025, a 4.1% increase from the 5.57 million barrels per day predicted in 2024. The cartel noted in its most recent oil market report for the month that rising economic activity will lead to higher…
