Stock of the day| V-Guard Industries Ltd firing on all growth cylinders| Should you invest?
VIL has established itself as a leading electrical brand in India, best known for its market leadership in stabilisers. Over the years, the company has successfully diversified its product portfolio and expanded its presence across the country, evolving into a multi-product company. Currently, VIL is focused on strengthening its position in non-southern markets. Its growing in-house manufacturing capabilities are expected to drive margin expansion
Agri Picks Report October 11, 2024: Geojit Financial Services
According to Geojit, Production of crude palm oil in Malaysia fell 3.8% on month to 1.82 million tonnes in September, according to preliminary data from the Malaysian Palm Oil Board.
Agri Picks Report October 10, 2024: Geojit Financial Services
According to Geojit, The National Commodity and Derivatives Exchange has dropped Ramgunjmandi in Rajasthan as an additional delivery centre for its coriander (symbol: DHANIYA) futures contracts from November, it said in a release.
Agri Picks Report October 09, 2024: Geojit Financial Services
According to Geojit, Farmers in Andhra Pradesh have sown kharif crops over 2.8 million hectares as of Thursday, up more than 16% from 2.4 million hectares sown in the corresponding period last year, according to a report by the state's agricultural department.
Agri Picks Report October 08, 2024: Geojit Financial Services
According to Geojit, India's spice exports fell 2% on-year to 534,706 tonnes in Apr-Jul, according to the data from the Spices Board of India.
Agri Picks Report October 07, 2024: Geojit Financial Services
According to Geojit, The government has allocated INR 101 billion for the National Edible Oil Mission to make India self-sufficient in edible oils, Agriculture Minister Shivraj Singh Chouhan told a press conference in Bhopal, Madhya Pradesh, Friday. According to a press release issued by his ministry, Chouhan said the goal is for farmers to cultivate oilseeds across 1 million hectares annually.
Commodity Markets: All eyes on US inflation numbers as jobs report dashes hopes for aggressive rate cuts
The latest US jobs data has reassured markets about the resilience of the economy and boosted hopes for a soft landing. Upcoming FOMC meeting minutes, speeches by several Fed officials and key inflation numbers will provide further clarity on the Fed’s policy path.
Agri Picks Report October 04, 2024: Geojit Financial Services
According to Geojit, Farmers in Karnataka have sown kharif crops over 8.1 million hectares as of last Friday, up 9.4% from 7.4 million hectares sown a year ago, according to a report released by the state's agricultural department.
Agri Picks Report October 03, 2024: Geojit Financial Services
According to Geojit, India is likely to receive above average rainfall in October after unseasonably high volumes for the past three months according to the IMD.
Agri Picks Report October 01, 2024: Geojit Financial Services
According to Geojit, Rainfall across the country on Monday was 2.6 mm, 29% below the normal of 3.6 mm, according to the India Meteorological Department.
Agri Picks Report September 30, 2024: Geojit Financial Services
According to Geojit, The water level in 155 key reservoirs of the country as of Thursday was 156.639 bcm, 87% of the total live storage capacity of 180.852 bcm, according to data from the Central Water Commission.
Commodities market to focus on US labour report to get hint on the pace of future rate cuts
A weaker labour report might strengthen the Fed's case for following up on its recent half-percentage-point rate cut with additional easing.
Agri Picks Report September 27, 2024: Geojit Financial Services
According to Geojit, Farmers in Telangana have sown kharif crops over 12.98 mln acres as of Wednesday, down 0.4% from 13 mln acres covered in the same period last year, according to a report released by the state's agricultural department.
Agri Picks Report September 26, 2024: Geojit Financial Services
According to Geojit, India's food grain output for 2023-24 (Jul-Jun) is estimated at a record 332.3 mln tn, 2.6 mln tn higher than 329.7 mln tn in 2022-23 amid record production of rice and wheat, according to the final estimates released by the government on Wednesday.
Agri Picks Report September 25, 2024: Geojit Financial Services
According to Geojit, Farmers in Karnataka have sown kharif crops over 8.1 mln ha as of Friday, up 11% from the corresponding period last year, according to a report released by the state's agricultural department.
Agri Picks Report September 24, 2024: Geojit Financial Services
According to Geojit, India received 2.7 mm of rainfall on Monday, 49% below the normal of 5.3 mm, the India Meteorological Department said. Since Jun 1, the country has received 880.8 mm of rainfall, 5% above the normal of 837.7 mm for the period, it said.
Agri Picks Report September 23, 2024: Geojit Financial Services
According to Geojit, The government is unlikely to extend the stock limits on tur and chana, which are set to expire on Sep 30, a senior government official told Informist.
Fed’s rate cut lifts commodities, but market divergence signals volatility ahead
Going forward, buying on dips in precious metals and crude oil may offer opportunities, while industrial metals like copper and zinc could remain under pressure.
Agri Picks Report September 20, 2024: Geojit Financial Services
According to Geojit, Rainfall across the country Thursday was 2.1 mm, 60% below the normal of 5.1 mm, according to the India Meteorological Department.
Agri Picks Report September 19, 2024: Geojit Financial Services
According to Geojit, The Union Cabinet today approved a tentative 244.75-bln-rupee nutrient-based subsidy for the 2024-25 rabi season (Oct-Mar) for phosphatic and potassic fertilisers.
Agri Picks Report September 18, 2024: Geojit Financial Services
According to Geojit, National Commodity and Derivatives Exchange will launch options on guar gum futures contracts in November, Arun Raste, managing director of the exchange, told Informist on the sidelines of Tefla's The Wheat Summit.
Agri Picks Report September 17, 2024: Geojit Financial Services
According to Geojit, Rainfall across the country on Monday was 4.7 mm, 15% below the normal of 5.6 mm, according to the India Meteorological Department.
Agri Picks Report September 16, 2024: Geojit Financial Services
According to Geojit, The US Department of Agriculture has lowered its global oilseed output estimate for 2024-25 (May-Apr) by 3.1 mln tn to 687.42 mln tn in September, from 690.54 mln tn forecast last month.
FOMC in focus this week as jumbo rate cut could boost market rally further
As markets await the FOMC statement, they are split between the likelihood of a 25 bps and a 50 bps rate cut, as indicated by the CME FedWatch tool.
