Jeera rose 0.11% to ₹21,805 on low procurement and stock shortage, but the rise was limited due to weak demand and adequate stock. Farmers still have about 20 lakh bags, and only 3-4 lakh bags are estimated to be traded by the end of the season, leaving 16 lakh bags to be carried forward. Production…
Market analysts are hopeful that the government will provide incentives and allocations for some of the major industries that contribute significantly to the economy’s overall growth since the Union Budget is just one day away. With a recent report from HDFC Securities indicating that domestic cyclicals are likely to make a comeback in 2HCY25, the…
Aluminium prices rose by 0.04% to ₹252.1 due to supply concerns and the European Commission’s proposed inclusion of Russian primary aluminium imports in its 16th package of sanctions. The ban, which includes aluminium alloys, has a one-year phase-in period. Global primary aluminium output rose 3% year-on-year to 6.236 million tonnes in December. Stocks at Japan’s…
The silver market is expected to experience a deficit for the fifth consecutive year in 2025, with industrial demand continuing to be the main driver of this supply-demand imbalance. Silver prices have risen under the president’s administration due to geopolitical uncertainty and tariff fears, resulting in short supply and increased supply to CME warehouses. Industrial…
The ex-mill price of ethanol made from C heavy molasses was agreed by the Cabinet on Wednesday to increase by 3% to Rs 57.97/liter, or Rs 1.69 more, for the 2024–2025 ethanol supply year (November–October). Prices of Rs 60.73/liter and Rs 65.61/liter for ethanol made from B heavy molasses and sugarcane juice, sugar, and sugar…
India’s pulses imports reached a record 66.33 lakh tonnes in 2024, nearly doubling from the previous year. The surge was primarily driven by increased yellow pea imports, which were allowed duty-free to address a shortfall in domestic chana production. Tur and urad imports also reached all-time highs, accounting for 25% of India’s total pulses consumption….
Jefferies, a global stockbroker, anticipates large withdrawals from ITC Hotels due to ETF sales. “ITC Ltd is part of key indices, ITCH could see outflows to the tune of $190-200 million (based on stock price) related to ETF selling in the stock,” Jefferies noted in their most recent analysis on the recently listed firm. On…
A survey released by the India Electronics and Semiconductor Association (IESA) projects that the semiconductor market in India will reach $103.4 billion (₹9 lakh crore) by 2030, up from $52 billion (₹4.5 lakh crore) in 2024. Mobile phones, IT, telecom, consumer electronics, automotive, aerospace, and defense are some of the major businesses driving this expansion….
Indian Oil Corp (IOC), a state-owned major oil marketing firm, announced on Tuesday that it has set a capital expenditure target of Rs 33,000 crore for the upcoming fiscal year 2025–2026, compared to Rs 35,000 crore for FY25. As of December, the company’s capital expenditures for the fiscal year totaled Rs 28,000 crore. The company…
India’s sugar production is predicted to decline by 17% in 2024-25, reaching 26.52 million tonnes, according to the All-India Sugar Trade Association (AISTA). This decline is due to adverse weather conditions, diseases in Uttar Pradesh, and lower sugar recovery rates. Lower closing stocks and reduced carryover sugar could lead to a supply shortage. Consumption is…
