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Crude spikes on firm demand hopes, MCX Futures above Rs 5,200
World oil supply is expected to grow at a faster rate in 2022, with the US driving gains of 1.6 mb/d from producers outside the OPEC+ alliance.
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Markets may consolidate; where to invest now?
Next week’s US FOMC meeting would keep the market volatile though they have already hinted at keeping interest rates to near zero levels
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Exports up 52.39% to $7.71 billion during June 1-7
Imports have grown by about 83% to $9.1 billion during June 1-7.
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Petrol, diesel rise after pause of two days; check rates in top cities
The auto fuel prices touched a new all-time high on Friday, with petrol becoming costly by 27 paise and diesel by 28 paise per litre
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Eight core sectors’ output skyrockets by 56.1% in April
According to data, production of natural gas, refinery products, steel, cement and electricity jumped by 25%, 30.9%, 400%, 548.8% and 38.7% in April
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Supply-demand imbalances may continue to exert pressure on pulses, edible oils: RBI
The RBI also said the extent of retail price increase in the post-lockdown period was also much higher than the usual summer uptick in food prices
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Why are commodity prices soaring?
A combination of low inventories and a strong rebound in global growth is fuelling the demand for commodities
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COVID-19 second wave: Lockdowns make a comeback; is it Deja Vu for markets, economy?
With the expansion of the vaccination drive from May 1 and reports of more vaccines entering the market, there is hope that the current rise in cases
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WPI inflation spikes to over 8-year high of 7.39% in March
The WPI inflation was 4.17% in February and 0.42% in March 2020
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SGX Nifty indicates positive start for Indian indices
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 28 points at the opening bell.
