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Indias export of petroleum products slipped 1% in May over the year after rising 22% in April as summer demand in the domestic market boosted local purchases, according to the oil ministry data. India exported 5.7 million metric tonnes (MMT) of petroleum products in May, 6% higher than in April but 1% lower than in May 2021. Imports rose 14% to 3.2 MMT in May […]

In early Asian trading, oil prices increased by roughly 1%.

The key equity barometers sharply pared losses in early afternoon trade. After hitting the days low at 15,710.15 in mid-morning trade, the Nifty managed to recoup losses and hovered near the 15,800 level. Oil & gas stocks witnessed significant buying demand. At 12:26 IST, the barometer index, the S&P BSE Sensex, was down 187.94 points or 0.35% to 52,973.34. The Nifty 50 index fell 43.95 […]

Economic expansion and exports of India will be hurt because of global recession

LME Aluminium inventories continued to slip. The latest data showed that the total Aluminium inventories on the exchange dropped by 3950 tonnes to a seven month low of 384800 tonnes. The inventories stood around 678100 three months ago.Powered by Commodity Insights

COMEX Gold futures are moving in a tight range in last few days. The counter is hovering just under the 50 week moving average, currently placed at $1838 mark. The futures have failed to sustain above the threshold in last week as well as the current one and could see some selling if if does not manage to hold above the same. On the daily […]

Bank of Baroda rose 1% to Rs 100.95 after the bank said that its board has approved raising upto Rs 5,000 crore by issuing long term bonds in single or multiple tranches during the financial year 2022-23.

Indias export of petroleum products slipped 1% in May over the year after rising 22% in April as summer demand in the domestic market boosted local purchases, according to the oil ministry data. India exported 5.7 million metric tonnes (MMT) of petroleum products in May, 6% higher than in April but 1% lower than in May 2021. Imports rose 14% to 3.2 MMT in May […]

COMEX Gold futures are moving in a tight range in last few days. The counter is hovering just under the 50 week moving average, currently placed at $1838 mark. The futures have failed to sustain above the threshold in last week as well as the current one and could see some selling if if does not manage to hold above the same. On the daily […]

Bank of Baroda rose 1% to Rs 100.95 after the bank said that its board has approved raising upto Rs 5,000 crore by issuing long term bonds in single or multiple tranches during the financial year 2022-23.