Oil in Asia fell on Friday morning but was set to end the week with a third-week gain. The black liquid is close to $ 70 as investors continue to digest different fuel demand perspectives. Brent oil futures down 0.43%. $72.21 and WTI futures were down 0.43% at $ 69.99. The future in New York…
Indian markets are at historically high levels, which have boosted positive sentiment with broad-based purchases and positive global references in sectoral indices. Investors have responded to the US inflation data and concerns have cooled amid expectations that consumer price pressure may occur in the interim, resulting in the possibility of current central bank support. On…
The SGX Nifty is at 15,789.80, up 36.65 points. The Nifty had an excellent pullback session above 100 points. Banks and financial services made profits with Bajaj twins SBI and Sindh Bank. Mid-caps also followed gains as the width was positive with some downsides like Auto & Cement. As retail runs give hope to the…
Markets saw a positive day of trading as the board weighed a narrow cover. Bank Nifty surpassed the Nifty index by 0.3%, with both indices closing in the green. Bank heavyweights such as SBI and ICICI Bank saw a short cover during trading, which closed intraday highs. The Nifty Media Index ended 4.5% higher with…
As economies reopen in various parts of the world, prices of some commodities have risen, including the prices of key industrial metals. The price rally of metals depends on how many factors are at work to what extent steam can be lost. As our latest chart of the week shows, the price of metals is…
Argentine farmers have sold 20.9 million tonnes of soybeans since the 2020/21 season, up from 863,600 tonnes last week. According to official data, the rhythm of Argentine soybean sales is slower than the previous year, with 24.4 million tonnes of oilseeds sold this season. Argentina’s 2020/21 soybean harvest is expected to be 43.5 million tonnes,…
Gold in Asia fell against the dollar on Thursday morning, with investors pushing the U.S. Additional signals of inflation in and mobilized to seek economic recovery from the COVID-19 epidemic. Gold futures were down 0.35% at $ 1,888.95. The dollar, which usually moves in the opposite direction to gold, is the 10-year U.S. dollar. Treasury…
Oil in Asia fell on Thursday morning and India’s demand continued to decline. Brent oil futures were down 0.69% at $ 71.72 and WTI futures were down 0.69% at $ 69.48. India, the world’s third-largest oil consumer, recorded the lowest fuel demand since August 2020 as economic activity was hampered by an increase in COVID-19…
Indian markets are widely tracking Asian counterparts driven by US-China talks and inflation data. Metal, Pharma, PSU Bank, and IT stocks outperformed buyouts on a broader basis with the Sensex and Nifty 50. These markets are witnessing a volatile session as profit bookings from local and foreign companies have emerged. At 09.46 am, the Sensex…
National Miner Coal India Limited (CIL) has seen a 52.5% increase in its e-auction coal sales in the first two months of the current financial year. In a public statement, CIL said it had set aside 21.5 million tonnes under five auction windows. As demand for coal increased, CIL recorded an increase of 16% over…
