Cotton candy prices declined by 0.52% to ₹55,910. India’s cotton production is forecast to decline by 7.4% to 30.2 million bales for 2024/25, with reduced acreage and high rainfall damaging crops. The USDA slightly overestimated the production figure at 30.72 million bales, but lowered ending stocks to 12.38 million bales. Cultivated area declined significantly to…
The Nifty Smallcap 100 has risen almost 5% in the last four sessions. Foreign institutional investors (FIIs) reduced their selling pressure and became marginal buyers, contributing to a strong rally in broader market indices. Up 5% in four consecutive sessions until November 27, the Nifty Smallcap 100 outperformed the headline Nifty 50, which increased 4.21…
Jeera futures fell by 0.14% to ₹25,050 due to increased arrivals in key markets like Unjha. Farmers hold 35% of the current season’s stock, with carryover stocks at around 20 lakh bags. Export prospects are favorable, with a rise in demand post-Diwali. Indian cumin, currently priced at $3,050 per tonne, remains the cheapest globally, making…
Gold prices rose modestly in Asian trade on Tuesday as the US president’s warnings of additional trade tariffs boosted demand. The price of the yellow metal fell sharply from earlier as various reports suggested that a ceasefire between Israel and Lebanon was nearing. Challenges to ease tensions between Israel and the Lebanese militant group Hezbollah,…
Turmeric prices fell by -3.91% to ₹13,806, driven by weak demand and rising arrivals. Market sentiment is bearish as the upcoming season is projected to be 30-35% higher than last year, indicating a significant increase in production. However, the downside is limited due to reports of crop damage from heavy rains, suggesting potential production losses….
According to preliminary statistics, on Monday, November 25, foreign institutional investors (FIIs) became net buyers in the equity markets, acquiring stocks valued at Rs 9,947.55 crore. The market attitude received a much-needed boost due to this notable change, which ended a 38-session run of net selling. Conversely, on the same day, Domestic Institutional Investors (DIIs)…
As Budget FY26 preparations begin, the government has begun internal deliberations on how to revitalize the industrial sector with a new set of incentives. Although production-linked incentives are already being used to encourage investment in a few industries, a more comprehensive plan is currently being considered, in which government support would be connected to the…
The textile trading sector is projected to be worth $800 billion globally, of which $35 billion comes from exports from India. The Indian government has revealed a plan for the sector to reach $100 billion by 2030, which would entail a 19% compound annual growth rate over the following six years. This would directly employ…
Gold prices fell in Asian trading on Monday following rumors of ceasefire talks between Israel and Hezbollah. However, the yellow metal has recovered from the previous week’s gains due to increased tensions between Russia and Ukraine. In addition, Besant’s appointment removed a significant part of the market uncertainty. Reports of the deal suggested that the…
Jeera prices fell by 0.75% to ₹25,025, driven by increased arrivals in Unjha. Farmers hold 35% of the current season’s stock, with carryover stock estimated at 20 lakh bags. Despite supply pressure, optimism persists regarding export demand, particularly in November-December, supported by festive season requirements and India’s competitive pricing. Indian jeera is currently the cheapest…
