The recent policies of the government affecting the pulses sector are betraying New Delhi’s chaotic thinking and knee-jerk reaction. First, as part of the agricultural market reform package, the government placed lentils outside the ambit of the law to intimidate other essential commodities such as oilseeds. The move sought to justify the removal of stock…
Oil prices rose on Tuesday, offsetting some of the losses of the previous day as the U.S. Tight supply and expectations for a more balanced supply of crude goods provided support, however, fears about the spreading COVID-19 variant paid off. Brent crude for September was up 19 cents, or 0.3%, at 0.521 to $ 75.35…
Gold rose in Asia on Tuesday morning, sustaining a week-long low during the previous session. The U.S. Federal Reserve may mark the beginning of the tapping of property. The dollar was weaker than inflation data. Gold futures for the previous week were up 0.24 to 8,810.15, its lowest level since July 6. The dollar, which…
Markets saw a cheap trading day, with key indices trading in a narrow range throughout the day. Bank Nifty downgraded the Nifty index by 4 0.4% and both indices were down ~ 0.6% / 0.2%. Bank heavyweights topped the second consecutive trading session, with the Nifty metal index closing 2% higher. Shares of Tata Steel,…
Oil in Asia fell on Friday morning, according to data released on Thursday. Demand increased as fuel inventories fell and economic recovery led to consumption. Brent oil futures fell 0.32%. At $73.88, crude oil WTI futures fell 0.18%. $72.81. The U.S. The Energy Information Administration (EIA) crude oil supply data showed a balance of 6.866…
Gold is heading for a third weekly uptrend, taking refuge in concerns about the proliferation of the Covit-19 category and the prospect of a long-term Deutsche monetary policy. Bullion is pulling back investors after a dark June, fearing the world’s exit from the epidemic could be more prosperous than expected. Renewed virus fears around the…
Markets saw a turbulent trading day, with frantic selling across the board seen throughout the day. Bank Nifty cut the Nifty 3 by 0.3% and both indices fell ~ 1.3% / 1%. Bank heavyweights topped the list as shares of ICICI Bank, Axis Bank, Kotak Bank, and SBI were unaware of long positions. The Nifty…
Gold fell in Asia on Thursday morning, hitting the US. As investors continue to digest the Federal Reserve from its latest policy meeting. The strengthening dollar and the lower U.S. Treasury yields and lower profits for the yellow metal. Gold futures were down 0.30% at $ 1,796.65. The dollar, which normally moves against gold, rose…
The SGX Nifty is at 15,834.00, down 63.65 points. While the Bank Nifty and metals led the gainers, the Nifty rose an index all the time. The Sensex touched 53,105 all-time highs before closing above 53,000. Despite the intraday volatility of over 115 points, the Nifty recorded its highest level of 15,880 points. The fall…
Domestic markets were flexible and cut off weak global references as a continued drag on funds gave support to markets. Most of the key sector indices traded in green are significant in today’s trade. The S&P BSE Sensex rose 193.5 points, or 0.37%, to a new close of 53,055 points, while the Nifty 50 rose…
