News Overview

Record date is 04 February 2022

Japans overall consumer prices climbed 0.8 percent on year in December, the Ministry of Internal Affairs and Communications said on Friday, up from 0.6 percent in November. Core CPI, which excludes volatile food prices, was up an annual 0.5 percent. Individually, prices were up for food, housing, fuel, clothing, education and recreation; they were down for furniture, medical care and communications. On a seasonally adjusted […]

The US stocks fell sharply in the final hour of trade on Thursday, 20 January 2022, erasing early gains and dragging the Dow, the S&P500 index and the Nasdaq firmly in negative territory for the third straight session. The early gains on Wall Street came as investors scooped up bargains following the two-day slide, but by the end of the day, selloff resumed as rising […]

The US crude oil stockpiles rose for the first time since November last year, latest data from the Energy Information Administration (EIA) stated. Crude-oil stockpiles rose by 515,000 barrels to 413.8 million barrels, and remain about 8% below the five-year average, the EIA said. Oil stored at Cushing, Okla., the delivery point for US stocks, fell by 1.3 million barrels from the previous week, to […]

Copper futures raced up amid supportive US equities and lax Chinese monetary policy cues in last session. The COMEX Copper futures spiked more than 2% to advance near a three month high of $4.60 per pound. MCX Copper futures closed at Rs 760 per kg, adding around 1.5% on the day. China cut its benchmark lending rates for corporate and household loans for a second […]

COMEX Gold futures steadied around two month highs near $1840 per ounce as a brief respite was seen in global equities after the latest bearish onslaught. The yellow metal stayed broadly supported though as sustained buying in crude oil prices and persistent inflationary worries capped downside for the commodity. The US dollar index is holding around 95.60 mark, not showing much of a movement. MCX […]

Net profit down 12.66% as OPM stand lower by 400 bps

Hindustan Unilever (HUL): The FMCG major posted 16.76% rise in standalone net profit to Rs 2,243 crore on 10.43% increase in revenue from operations to Rs 12,900 crore in Q3 FY22 over Q3 FY21. Bajaj Holdings and Investment: The company reported consolidated net profit of Rs 1,040.16 crore in Q3FY22 as against net profit of Rs 1,149.58 crore in Q3FY21. Total income fell to Rs […]

Sharp decline in crude oil prices coupled with dollar weakness over disappointing US employment figures is likely to augur well for the Indian rupee in opening trades on Friday, 21 January 2022. Nevertheless, skeptical global sentiments ahead of Fed policy next week will weigh on the local currency. On Thursday, rupee slipped 7 paise to close at 74.51 against the US dollar. At the interbank […]

Havells India registered a 12% decline in standalone net profit to Rs 306 crore in Q3 FY22 from Rs 349 crore posted in Q3 FY21.