Last week saw a significant drop in the dollar index to 103.82 and US 10-year yields to 4.38%.
According to Geojit, India's oilmeal exports in October rose 36% on year to 289,931 tn, according to data released by The Solvent Extractors' Association of India today.
Debt-free balance sheet, higher operating cash flows and lower capex will lead to higher dividend payout in the medium term
Crude prices have been declining steadily and hit a four-month low on November 16. This may lead to oil marketing companies (OMCs) such as Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation reducing fuel prices soon.
According to Geojit, Farmers in Andhra Pradesh have sown rabi crops over 268,000 ha as of Wednesday, down 17% from 323,000 ha a year ago, according to state government data.
Brent futures settled down $3.76, or 4.6%, to $77.42 a barrel. U.S. West Texas Intermediate crude (WTI) shed $3.76, or 4.9%, to $72.90. Both Brent and WTI earlier traded at their lowest since July 7, at $76.60 and $72.16, respectively.
West Texas Intermediate traded near $73 a barrel after dropping more than 20% from a high in September. Global benchmark Brent plunged almost 5% on Thursday. The declines followed a build in US crude inventories, and were likely amplified by automated selling programs.
Kotak notes the market's anticipation of a shift in US policy rates post the Fed's 'higher-for-longer' stance. Hopes for rate cuts due to soft economic data and lower inflation might affect earnings and growth expectations negatively.
According to Geojit, The area under rabi crops in Maharashtra has risen nearly 10% on year to 1.48 mln ha in the current season as of Monday from 1.35 mln ha a year ago, according to data published by the state agriculture department.
Higher capacity addition from large players in the near term might keep steel prices in check while coking coal prices at elevated levels will exert pressure on margins
Brent futures fell 28 cents to $80.90 a barrel by 0001 GMT. U.S. West Texas Intermediate crude (WTI) lost 31 cents to $76.35 a barrel.
Metal stocks were trading higher in line with local equities which jumped after dollar dropped amid softer US inflation.
Higher profitability can be led by e-auction prices and volumes
Headline CPI dropped to a four-month low at 4.9% YoY in October from 5% YoY in September.
Brent futures rose 8 cents to $82.55 a barrel by 0013 GMT, while U.S. West Texas Intermediate (WTI) crude rose 2 cents to $78.28.
Net profit for the quarter stood at Rs 369 crore against Rs 57 crore a year ago
The consideration for the transfer will be based on the previous day's closing price on the NSE, as mentioned in the notice to exchanges
Brent crude futures rose 33 cents, or 0.4%, to $82.85 a barrel by 0113 GMT. U.S. WTI crude futures were also up 33 cents, or 0.4%, at $78.59 a barrel.
Coal from these mines can be utilised towards own consumption, sale or for any other purpose
Jewelers feared hesitancy among buyers during the festival season after bullion prices jumped due to the Israel-Hamas war in early October.
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Jefferies India upgraded the stock to buy from hold and increased its target price to Rs 385 a share, up 19 percent
Higher earnings from Novelis and stable aluminium prices are likely to aid in earnings recovery
According to Geojit, Production of crude palm oil in Malaysia rose 5.9% on month to 1.94 mln tn in October, the highest since at least January 2020, according to preliminary data from the Malaysian Palm Oil Board.
Brent crude futures for January were down 35 cents, or 0.4%, at $81.08 a barrel at 0051 GMT, while the U.S. West Texas Intermediate (WTI) crude futures for December were at $76.82, down 35 cents, or 0.5%.