Electricity demand and generation moderated in November and December 2021, putting a question mark on coal demand
Primarily, what affected CIL’s supplies was reduced coal lifting by the power sector and a steep 31 percent fall in road transport despite the company’s efforts to convert traffic from road to rail during the lockdown period.
Riding on a global trend, gold prices rebounded at the domestic bullion market on June 8 following strong offtake from investors and jewellers
Coal India's production jumped 8.8 percent to 321.38 mt during April-November period of the current fiscal, while off-take soared by 9.8 percent.
State-run mining major Coal India said its first-quarter revenues rose 6.5 percent year-on-year to Rs 18,955 crore while net profit fell 6.7 percent to Rs 3,764.35 crore.
Neeraj Gambhir, managing director & co-head- fixed income, Nomura India, says the market has only seen 10 percent of the FII capital going out. He says that flows coming in and going out are expected in an open market and hence, he is not too worried about it.
Andrew Holland, chief executive officer, Ambit Investments Advisors says the Indian government needs to start taking swift action now in order to attract capital flows.
Sugar prices drifted by Rs 30 per quintal in the national capital on Monday following ample supply amid slackened demand. Market sentiment dampened on increased supply on miller selling against reduced offtake.