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The key equity barometers continued to trade with deep cuts in early afternoon trade, mirroring the weakness in their Asian peers. The Nifty was struggling to hold above the crucial 17,000 mark. Auto stocks declined for third day in a row. At 12:25 IST, the barometer index, the S&P BSE Sensex, was down 1154.25 points or 1.98% to 56,998.67. The Nifty 50 index lost 360.10 […]

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The Solvent Extractors Association of India has released data for Import data of Vegetable Oils (edible & non-edible) for the month of January 2022. Import of vegetable oils during January 2022 is reported at 1,270,728 tons compared to 1,096,669 tons in January 2021, consisting 1,251,926 tons of edible oils and 18,802 tons of non-edible oils i.e. up by 16%. The overall import of vegetable oils […]

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The Indian Rupee slumped today as a recent slide extended amid heavy selling pressure in local equities. The INR fell rupee fell to a two month low near 75.60 per US dollar. The NIFTY tanked more than 2% today as heavy geopolitical tensions weighed on risky assets. This boosted the safe-haven appeal of the greenback and the US dollar index broke above the 96 mark. […]

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Shreyas Shipping & Logistics Ltd, Mirza International Ltd, Maithan Alloys Ltd and Orbit Exports Ltd are among the other gainers in the BSEs B group today, 14 February 2022.

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COMEX Gold futures shot up to a three month high near $1870 per ounce as inflationary fears boosted bullish sentiments. Escalating global Geo-political worries due to the Russia-Ukraine standoff also boosted the metal. Annual inflation in the Organisation for Economic Cooperation and Development (OECD) area soared to a 30-year high in December last year. The inflation rate climbed to 6.6%, hitting the highest level since […]

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Quotes as on 10 February 2022, annual change in percent WHEAT US – HRW (Gulf) $377, 33, EU France Grade 1 (Rouen) $309, 11 MAIZE (CORN) US – 3YC (Gulf) $298, 22 BARLEY EU – France (Rouen) $294, 12 SOYABEANS US – No.2 (Gulf) $630, 19, Argentina (Up River) $640, 16 RICE Thailand 5% Broken $407, – 25 Powered by Commodity Insights

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The company has commenced its production on 12th February 2022.

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Federal Bank tanked 4.5%, PNB, IDFC First Bank, and State Bank of India also dragged the most as all the stocks traded in the red. ICICI Bank and HDFC Bank were also under selling pressure.

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