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Sales decline 78.26% to Rs 312.69 crore

U.S. crude futures (WTI) were down 7 cents to trade at $87.20 per barrel, while Brent crude futures were down one cent to $92.44 per barrel.

The American Petroleum Institute (API) reported a large build last week for crude oil of 7.054 million barrels. U.S. crude inventories have grown by roughly 28 million barrels so far this year, according to API data, while the U.S. Strategic Petroleum Reserves fell by nearly seven times that figure, at 184 million barrels. The build in crude oil inventories was made possible by the Department […]

Data on CPI inflation in September; IIP in August, is discouraging

Copper prices are seen extending decline in early Asia on Thursday amid recession woes after the International Monetary Fund cut its global growth forecast for 2023 amid colliding pressures from the war in Ukraine, high energy and food prices, inflation and sharply higher interest rates, warning that conditions could worsen significantly next year. Copper is quoting lower by 0.36% at $3.41 per pound. Meanwhile, equities […]

Here are the top 10 stocks that may show price movement today.

Wipro: The IT majors consolidated net profit rose 3.72% to Rs 2,659 crore on 4.7% increase in revenue form operations to Rs 22,539.7 crore in Q2 FY23 over Q1 FY23. On a year on year (YoY) basis, the IT firms net profit declined 9.27% while revenue jumped 14.6% in Q2 FY23. For the quarter ending 31 December 2022, Wipro expects revenue from its IT Services […]

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 73 points at the opening bell. On the macro front, the retail inflation, measured by the Consumer Price Index (CPI), spiked to 7.41% in September. Separately, the factory output, measured in terms of the Index of Industrial Production (IIP), contracted by 0.8% in August. Global markets: […]

Reported sales nil

Gold continues to stay under pressure although the momentum of decline has eased on Thursday, as dollar is seen pausing its relentless rally in early Asia today. Dollar has been on an uptrend following hawkish remarks from the Federal Reserve to continue on rate hiking spree that led benchmark treasury yields to 4% mark and dragged the greenback higher. The dollar index that measures the […]