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The US EIA stated yesterday in its Short Term Energy Outlook (STEO) that Brent crude oil spot prices averaged $87 per barrel (b) in January, a $12/b increase from December 2021. Crude oil prices have risen steadily since mid-2020 as result of consistent draws on global oil inventories, which averaged 1.8 million barrels per day (b/d) from the third quarter of 2020 (3Q20) through the […]

Bharti Airtel: The telecom major reported a 2.8% decline in consolidated net profit to Rs 830 crore in Q3 FY22 from Rs 853.6 crore posted in Q3 FY21. Total revenues stood at Rs 29,867 crore, up 18.3% YoY on a comparable basis. Vedanta: The board of directors of the company concluded that the current structure is optimal and is commensurate with the current scale and […]

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 79 points at the opening bell. Meanwhile, the Reserve Bank of India (RBI)s rate-setting Monetary Policy Committee (MPC) meeting commenced on 8 February 2022 and the outcome would be announced on 10 February 2022. The RBI may hold its repo rate steady but an increase in […]

COMEX Gold futures stayed well supported. The yellow metal jumped on upbeat ETF flows data, bouncing to a one and half week high of $1830 per ounce though firm US dollar is capping the gains thereafter. The World Gold Council (WGC) stated yesterday that Global gold ETFs drew net inflows of 46.3 tonnes (US$2.7 billion, 1.3% of AUM) in January, led by North American funds […]

AstraZeneca Pharma posted a 45.7% fall in net profit to Rs 11.42 crore in Q3 FY22 from Rs 21.05 crore posted in Q3 FY21.

The US stock market recouped early losses to finish session notably higher on Tuesday, 08 February 2022, on the back of strength in materials, consumer discretionary, financials, and information technology stocks, while losses in energy and realty stocks capped upside. At the close of trade, the Dow Jones Industrial Average index rose 371.65 points, or 1.06%, to 35,462.78. The S&P500 index was up 37.67 points, […]

US Trade Deficit Widens To $80.7 Billion In December US trade deficit widened to $80.7 billion in December from a revised $79.3 billion in November, the Commerce Department reported on Tuesday. The trade deficit in December was just shy of the record $80.8 billion set in September. The wider deficit came as the value of imports surged 1.6 percent to $308.9 billion, while the value […]

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The consolidated revenues for Q3FY22 at Rs29,867cr grew 18.3% yoy on a comparable basis.

The Indian rupee is expected to recoup gains in opening trades on Wednesday, 09 February 2022 as international crude oil prices show signs of receding. Meanwhile, all eyes are now awaiting RBIs monetary policy decision due tomorrow. The Reserve Bank of India (RBI)s rate-setting Monetary Policy Committee (MPC) meeting commenced on 8 February 2022 and the outcome would be announced on 10 February 2022. The […]