Kotak Institutional Equities maintains a positive outlook on the banking sector despite growing uncertainties and recognises the potential risks associated with a global economic slowdown
Brent crude futures fell 80 cents, or 1%, to $75.89 a barrel by 00:09 GMT, while U.S. West Texas Intermediate crude (WTI) dropped 84 cents, or 1.2%, to $70.06.
According to Geojit , Barring dhaniya other spices were up on NCDEX on Tuesday. Dhaniya futures came under profit booking after the recent rise.
The rainfall has been widespread across major agricultural states, causing some damage to the wheat crop, according to preliminary reports. Despite this setback, ample supply should help ease inflationary pressures
Manoj Kumar Jain, Prithvi Finmart Commodity Research suggests buying gold above Rs 58600 with a stop loss of Rs 58380 for target of Rs 59000.
Brent futures, which have risen more than 3% this week, were down 48 cents, or 0.6%, at $74.84 a barrel at 0203 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 47 cents, or 0.7%, at $69.20.
Gold prices have hit a lifetime high in India, Australia, and the UK, while they’re at an 11-month high in the US. The crises at SVB, Signature Bank, and Credit Suisse are making investors turn to gold as a safe-haven asset.
Prabhudas Lilladher is bullish on Can Fin Homes has recommended buy rating on the stock with a target price of Rs 700 in its research report dated March 20, 2023.
Saumil Gandhi, Senior Analyst (Commodities), HDFC Securities expects gold prices to consolidate in upper range with positive bias before the Fed policy outcome.
According to Geojit , Mixed moves were witnessed in NCDEX spices complex on Monday. Jeera futures pared initial gains on rising arrivals in the spot market, while coriander and turmeric futures inched up on firm demand.
Brent crude futures for May settlement gained 5 cents and traded at $73.84 per barrel by 0049 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 9 cents to $67.73 a barrel. In the previous session, both Brent and WTI fell about $3 a barrel before settling higher.
According to Geojit , Spices complex on NCDEX traded steady to weak on Thursday. Rising arrivals in the spot market maintained downward pressure on coriander and turmeric futures.
Market sentiments remain fragile as the fears of a financial crisis are still far from being contained yet and hence volatile moves cannot be ruled out.
Petrol and diesel in Delhi are selling at Rs 96.72 and Rs 89.62 a litre, respectively. In Mumbai, petrol is being sold for Rs 106.31 per litre and diesel for Rs 94.27. Both the fuels are priced at Rs 102.63 and Rs 94.24 in Chennai and at Rs 106.03 and Rs 92.76 in Kolkata, respectively.
West Texas Intermediate futures edged toward $69 a barrel on Friday, but are still down about 10% for the week. OPEC+ chiefs from Saudi Arabia and Russia met in Riyadh on Thursday, and discussed efforts by the group to “promote market balance and stability.”
According to Geojit , Spices complex on NCDEX traded steady to weak on Thursday. Rising arrivals in the spot market maintained downward pressure on coriander and turmeric futures.
Brent crude futures edged up 2 cents to $74.72 a barrel by 0133 GMT, having snapped three days of losses to settle 1.4% higher on Thursday.
Financial sector tensions have dealt a blow to oil demand outlook, but India finds herself in a macroeconomic sweet spot.
Brokerage firm Jefferies India has initiated an underperform rating on Interglobe Aviation Ltd, with a 13 percent cut in its target price to Rs 1,615 a share from the current market price.
Prathamesh Mallya of Angel One expects gold to trade lower towards Rs 57,680 levels, a break of which could prompt the price to move lower to Rs 57,210 levels.
Petrol and diesel in Delhi are selling at Rs 96.72 and Rs 89.62 a litre, respectively. In Mumbai, petrol is being sold for Rs 106.31 per litre and diesel for Rs 94.27.
According to Geojit , Mixed moves continued in NCDEX spices complex on Tuesday. Jeera futures stretched gains on firm demand, while coriander futures stayed under pressure from rising arrivals in the spot market and turmeric futures ended on flat note awaiting fresh cues for further directional moves.
Brent crude futures climbed 62 cents, or 0.8%, to $78.07 a barrel by 0058 GMT. U.S. West Texas Intermediate crude futures (WTI) gained 70 cents, or 1.0%, to $72.03 a barrel. On Tuesday, the benchmarks fell more than 4% to a three-month low.
Brent’s nearby put skew — a gauge of how much more traders are willing to pay for contracts that profit from a price decline rather than a rally — rose to the highest level since mid-August on Monday amid the market turmoil.
Voltamp is a significant player in the transformer manufacturing industry, with a 15% domestic market share as stated by management. They serve diverse sectors, and private customers make up 85% of their revenue