The prospects for India’s wheat harvest have improved as the recent Western Disturbance brought good rains and snowfall to north and northwest India, allaying earlier concerns about weather-related damage, the India Meteorological Department (IMD) said. While no significant weather threats are expected, March is expected to deliver above-average temperatures. Moreover, the absence of severe cold…
Oil prices fell on Friday, heading for their first monthly drop since November, as markets watched an Oval Office argument between the U.S. and Ukrainian presidents Washington’s new tariffs and Iraq’s decision to resume oil exports from the Kurdistan region. Brent crude futures settled at $73.18 a barrel, down 86 cents, or 1.16%, while U.S….
Gold prices fell 1% on Friday after the release of US inflation data. The data was expected to indicate that the Federal Reserve will take a cautious approach to further interest rate cuts. Spot gold fell 1% to $2,846.19 an ounce. Silver saw its biggest weekly decline since November, falling 3.1% so far this week….
Cotton candy prices have declined by 0.41% to 53,510 due to increased supply and weak mill buying. Brazil’s cotton production for 2024-25 is expected to rise by 1.6% to 3.7616 million tons, with a 4.8% expansion in planting area. The Cotton Corporation of India (CCI) is expected to procure over 100 lakh bales at the…
As investors were alarmed by the prospect of a full-scale global trade war and a faltering U.S. economy, the Sensex and Nifty fell over 2 percent on February 28 due to widespread selling. In terms of total market value, the market lost Rs 8.8 lakh crore. Each BSE Smallcap and BSE Midcap index fell more…
Gold prices closed down 0.79% at $85,196 as investors worried about a strong U.S. dollar and key inflation data. Uncertainty over U.S. trade plans also weighed on the market, with the U.S. President considering imposing a 25% “reciprocal” tariff on European automobiles and postponing additional tariffs on imports from Mexico and Canada until April 2….
In early trading on Thursday, the rupee fell 22 paise to 87.41 against the US dollar as emerging currencies, particularly the rupee, were affected by the most recent US tariff measures. According to forex professionals, the recent US tariff pronouncements have rocked international markets and strengthened the currency. The rupee declined 22 paise from its…
Palm oil prices are expected to decline as production recovers and demand weakens. In 2024, palm oil futures surged 20% due to supply disruptions in Indonesia and Malaysia. However, inventories are set to rise as buyers shift to cheaper alternatives like soybean and sunflower oils. India’s palm oil imports could drop to a five-year low,…
Gold prices closed up 0.26% at 85,874 as market attention continued on the US President’s tax measures that have fueled fears of a looming trade war. India’s gold imports are expected to fall by a staggering 85% in February from a year earlier, hitting their lowest level in 20 years as a result of ongoing…
There is still unrelenting FII selling. On February 24, 2025, FIIs sold Rs 6,287 crore in a single session. Since November, this discharge has been the biggest in a single day. On November 28, 2024, FIIs received Rs 11,756 crore in sales. As of October 2024, the FIIs have sold over Rs 3 lakh crore…
