Sharekhan is bullish on State Bank of India has recommended buy rating on the stock with a target price of Rs 1050 in its research report dated December 17, 2024.
According to Geojit Financial Services, Farmers in Andhra Pradesh have sown rabi crops over 733,000 hectares as of Wednesday, up nearly 19% from 616,000 hectares sown in the corresponding period last year, according to a report released by the state agriculture department.
Lower imports by India, the world's second-biggest consumer of the precious metal, could cap a rally in global prices that hit a record high in October, and could also help narrow its trade deficit and support the ailing rupee
According to Geojit Financial Services, Farmers in Gujarat have sown rabi crops over 3.7 million hectares as of Monday, down 8.9% from 4.1 million hectares sown in the same period last year, according to a release by the state agriculture government.
As the global economic and geopolitical landscape evolves, commodities are set to experience unprecedented volatility. Investors and market participants must stay vigilant and adapt to this rapidly changing environment.
According to Geojit Financial Services, India's vegetable oil imports in November, the first month of the oil year 2024-25 (Nov-Oct), were 1.63 million tonnes, up 40% from the corresponding period last year, the Solvent Extractors' Association of India said Thursday.
Analysts said that the dollar has been strengthening after the US inflation numbers came on expected lines, raising hopes for an interest rate cut by the Federal Reserve in the upcoming policy review next week.
The possibility of a trade war during US President-elect Trump’s second term will be a major overhang. The report says an upside could come from a stronger central bank demand in 2025, or a 'rapid deterioration' of financial conditions.
At the interbank foreign exchange, the rupee opened at 84.85 and touched the lowest-ever level of 84.88 against the greenback during intra-day trade
According to Geojit Financial Services, The El Nino–Southern Oscillation will remain in the neutral range till April, the Bureau of Meteorology, Australia, said in its fortnightly forecast on Tuesday.
OPEC+ has been withholding output since 2022 in a bid to stave off a surplus and shore up prices.
According to Geojit Financial Services, Farmers in Gujarat have sown rabi crops over 2.5 million hectares as of Monday, down 29.4% from 3.6 million hectares a year ago, according to a report released by the state agriculture department.
Gold has been trading 21.03%, higher compared to the start of the year
According to Geojit Financial Services, Farmers in Rajasthan have sown rabi crops over 10.1 million hectares as of Friday, up 4.7% on year from 9.7 million hectares sown in the same period last year, according to a report published by the state agriculture department.
According to Geojit Financial Services, The UN Food and Agriculture Organization's Food Price Index rose 0.5% on month to 127.5 points in November, reaching its highest value since April 2023, the organisation said in a report
Earlier, OPEC+ — led by Saudi Arabia and Russia — agreed to push back production increases planned for the start of January by another three months, following two previous delays.
In the spot market, gold has strong support near $2,600 per ounce, equivalent to Rs 75,650–75,700 per 10 grams on the MCX.
According to Geojit Financial Services, Farmers in Gujarat have sown rabi crops over 2.1 million hectares as of Monday, down 28.4% on year from nearly 3 million hectares sown in the same period last year, according to a release by the state agriculture department.
According to Geojit Financial Services, Farmers in Gujarat have sown rabi crops over 2.1 million hectares as of Monday, down 28.4% on year from nearly 3 million hectares sown in the same period last year, according to a release by the state agriculture department.
While selling forward dollars allows the RBI to stave off impact on headline foreign exchange reserves and rupee liquidity,
According to Geojit Financial Services, Farmers in Gujarat have sown rabi crops over 2.1 million hectares as of Monday, down 28.4% on year from nearly 3 million hectares sown in the same period last year, according to a release by the state agriculture department.
According to Geojit Financial Services, Farmers in Rajasthan have sown rabi crops over 9.29 million hectares as of Saturday, up 9.8% on year from 8.46 million hectares sown in the corresponding period last year, according to a release by the state agriculture department.
The rupee INR fell to 84.6075 per U.S. dollar in early trading, weakening past its previous all-time low of 84.5075
According to India's soymeal exports rose 86.8% on year in September to 198,000 tonnes from 106,000 tonnes a year ago, the Soybean Processors Association of India said in a release Thursday.
Prices are 22.15% higher, according to Moneycontrol analysis
