News Overview

Maintains existing business operating margins @ 40%. Insurance premium grew by 68% yoy to Rs1,796cr. Credit disbursals grew by 94% to Rs1,926cr.

The Indian rupee could stay range bound, awaiting the upcoming monetary policy decision by the Reserve Bank of India later this week. The Reserve Bank of Indias (RBI) Monetary Policy Committee (MPC) will meet on 8-10 February 2022. The RBIs MPC will announce its interest rate decision on 10 February 2022. Meanwhile, higher crude oil prices and surging U.S. Treasury yields to their highest levels […]

Large precious metals speculators sharply cut their net long positions in the Silver futures market last week, according to the latest Commitment of Traders (COT) data. The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 22118 net contracts in the data reported through week ended January 31, 2022. This was a fall of 10023 net […]

Wockhardt on Tuesday said that it has received permission from the Central Drugs Standard Control Organization (CDSCO) to export up to 80 million doses of Sputnik Light and up to 20 million doses of Sputnik V Component I vaccine. Wockhardts Bulk vaccine and Fill-Finish manufacturing facilities at Waluj and Shendra, Aurangabad respectively were jointly inspected and approved by Drug inspectors from CDSCO (West zone) & […]

Large energy speculators cut their net long positions in the WTI Crude Oil futures market last week, according to the latest Commitment of Traders (COT) data. The non-commercial futures contracts of WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a net position of 368904 contracts in the data reported through week ended January 31, 2022. This was a weekly drop of […]

Record date is 16 February 2022

COMEX Copper stayed under stress after hitting a high of $4.50 per pound and fell near $4.42 per pound yesterday. The US stocks saw a choppy outing on Monday amid lack of major economic cues. China services sector continued to expand in January, albeit at a slower pace, the latest survey from Caixin showed on Monday with a PMI score of 51.4. Thats down from […]

The US stock market failed to hold gains and ended on a negative note on Monday, 07 February 2022, due to renewed declines in big tech names and on caution ahead of the minutes of the Federal Reserves latest monetary policy meeting, for directional clues. Investors are grappling with the prospect of the steepest monetary tightening cycle since the 1990s, with markets pricing in more […]

The US Consumer Credit grew by $18.90B M/M in December vs. $22.0B to $38.82B in the prior month (revised from $39.99B). Total outstanding consumer credit of $4.43B in December slightly gained from $4.41B in November. Powered by Commodity Insights

Castrol India reported a 0.5% increase in net profit to Rs 188.60 crore in quarter ended December 2021 from Rs 187.70 crore posted in quarter ended December 2020.