News Overview

On 26 March 2022

India VIX rose 2.81% to 24.75.

The Australian share market finished session higher on Wednesday, 23 March 2022, on tracking overnight advances on Wall Street, with all sectors registered notable gains, exception being material sector. At closing bell, the benchmark S&P/ASX200 advanced by 36.77 points, or 0.5%, to 7,377.87. The broader All Ordinaries index grew 44.29 points, or 0.58%, to 7,664.96. Among individual shares, Fisher & Paykel shares slid 8% after […]

COMEX Gold futures recorded some gains today but overall mood in the commodity remained choppy after the recent correction. Traders are closely assessing the risk appetite in the global markets and escalation in the Russia-Ukraine war remains in focus. The commodity currently trades at $1930 per ounce, up 0.48% on the day. MCX Gold futures are trading at Rs 51634 per 10 grams, up 0.50% […]

Cement production is expected to increase by 18-20% in FY2022 and is expected to surpass pre-Covid levels (FY2020) by around 6%.

Proceeds from the fresh issue will be used to repay/prepay — Rs112.5 crore of its borrowings and will be used for general corporate purposes.

Sales rise 17.10% to Rs 27.32 crore

The key equity barometers ended with modest losses on Wednesday. The market opened with strong gains, but slipped as the session progressed. After hitting a high of 17,442.40 in initial deals, the Nifty 50 reversed trend and hit a low of 17,199.60 in afternoon trade. Banks, autos and financial stocks were under pressure. Metal shares bucked the weak market trend. The barometer index, the S&P […]

Concerns regarding higher crude oil prices continue to weigh down the Indian rupee that weakened towards 76.30 against the dollar. The rupee on Wednesday, pared initial gains to settle 14 paise lower at 76.32 (provisional) against the US dollar due to month-end dollar demand from importers and rising crude prices amid geopolitical uncertainties. Crude oil prices crossed $110 per barrel amid fears of prolonged supply […]

According to a latest update from the US EIA, the United States has imported a relatively small share of crude oil from Russia, but US imports of petroleum products from Russia—namely, unfinished oils and fuel oil—is a larger share. US refineries use imported unfinished oils and fuel oil as a supplement to crude oil in the refining process. On March 8, President Biden announced a […]