Due to a declining dollar and expectations of increased demand in China as a result of the government’s projected economic stimulus, copper prices increased on Monday. The central bank is anticipated to loosen monetary policy soon after the Chinese government announced that it would intensify efforts to stabilize the country’s economy. However, for the time…
When compared to the same period in the previous financial year, the total export of oil meals grew by 50% to 23.92 lakh tonnes (lt) between April and November 202223 from 15.96 lt. The export of oil meals increased by 150 percent from 1.63 lt in November 2021 to 4.07 lt in November 2022, according…
The biggest annual growth rate for any nation will be seen in India’s need for coal in 2022, driven by increased thermal power output to meet higher-than-average summer demand and escalating economic activity. The second-largest consumer of coal in the world increased its consumption by 14% year over year (yoy) to 1,033 million tonnes (mt)…
As optimism from China’s reopening and a resurgence in oil demand overshadowed worries of a global recession, oil prices recovered ground on Monday after dropping more than $2 per barrel in the previous session. While U.S. West Texas Intermediate crude was at $74.89 a barrel, up 60 cents or 0.8%, Brent crude futures increased 72…
On Monday, gold prices barely changed as markets processed a barrage of hawkish central bank signals and rising recession concerns, but copper prices recovered some of their recent losses thanks to expectations of a Chinese economic recovery. The Federal Reserve and the European Central Bank both warned that interest rates are likely to rise higher,…
According to information available on NSE, foreign institutional investors (FII) sold shares worth a net of Rs 1975.44 crore on Friday, December 16, 2022, while domestic institutional investors (DII) bought shares worth a net of Rs 1542.5 crore. FII sold shares worth a net of Rs 7,490.05 crore during the month of December up till…
The Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch has been urged by the Commodity Participants Association of India (CPAI) to request that MCX swiftly disclose the new cotton futures contract specification. The present contract will expire on December 30, according to CPAI President Nariender Wadhwa, who noted that MCX informed on…
The government on Thursday reduced the windfall tax on exports of domestically produced crude oil and diesel due to the decline in the price of oil globally. The windfall tax on locally produced crude oil has been reduced by Rs 1,700 per tonne from Rs 4,900 per tonne, according to a notice from the finance…
According to information available on NSE, foreign institutional investors (FII) sold shares worth a net Rs 710.74 crore on December 15, 2022, while domestic institutional investors (DII) bought shares worth a net Rs 260.92 crore. FII sold shares worth a net of Rs 5,514.61 crore during the month of December up through the 15th, while…
On Thursday, the government reduced the windfall tax on locally produced crude oil and diesel exports, boosting the intraday share prices of Reliance Industries and ONGC by more than 1.5%. Shares of Reliance Industries began trading at Rs. 2,571 before rising more than 1.5% to reach an intraday high of Rs. 2,618. ONGC reached a…
