Markets

India Sugar: Prices rise in north on bargain buying; also up on ICE

Informist, Friday, May 14, 2021 By Preeti Bhagat NEW DELHI - Ex-mill prices of sugar were up across key wholesale markets in north India today because of bargain buying after prices declined over the past few days. * "In Uttar Pradesh, prices are likely to hold in a range of 32.30-32.60 rupees a kg, and in...

Short-Term Debt: Large supply by two companies boosts CP volume

Informist, Friday, May 14, 2021 By Vishal Sangani MUMBAI – Large issuances by Indian Oil Corp and Reliance Retail Ventures Ltd led to a spike in funds raised through commercial papers today. These companies tapped the market to roll over papers that were set to mature in the coming days, and to meet fresh...

India Rubber: Kerala mkt closed due to lockdown; prices up on TOCOM

Informist, Friday, May 14, 2021 By Rahul Dhuri MUMBAI – Domestic prices of natural rubber were unavailable as markets in Kerala were shut due to the lockdown imposed by the state government. Kerala is India's largest rubber producer. * The Kerala government has imposed a lockdown till Sunday due to rising COVID-19 cases in the state. Last Friday, the widely traded RSS-4 variety was quoted at...

India Grain: Purnea maize tad up on firm demand; spot wheat mkt shut

Informist, Friday, May 14, 2021 By Kavita DesaiMUMBAI – Prices of MAIZE rose marginally in Purnea, a key market in Bihar, today due to improvement in demand from bulk buyers after prices of the commodity fell in the past few days, a local trader said.  * However, major upside was caped due to pressure of arrivals amid the...

India IRS Review: Mixed; 5-year up on paying due to surge in US CPI

Informist, Friday, May 14, 2021 BY Vaibhav Chakraborty NEW DELHI – Overnight indexed swap rates ended on a mixed note today. The five-year swap rate rose as market participants paid fixed rates noting the sharp jump in the US CPI inflation in April, which had also led to a sharp rise in US Treasury yields...

India Bullion: Up tracking COMEX on weak dollar, Fed's dovish outlook

Informist, Friday, May 14, 2021 By Roshni Devi MUMBAI – Bullion prices in local and global markets rose today due to the dollar's weakness against the euro and a dovish outlook by the US Federal Reserve, analysts said. * US consumer prices rose 4.2% on year in April, up from 2.6% in March. Core consumer...

India Crude: Rises over 1% on expectations of robust demand recovery

Informist, Friday, May 14, 2021 By Sayantan Sarkar MUMBAI – Crude oil prices in India and abroad rose over 1% today, recouping losses from Thursday, as expectations of stronger demand by the end of the year supported sentiment across the market.  * Major energy organisations have said that they expect demand for crude oil to...

India Stocks Review: End flat as traders hunt for strong triggers

Informist, Friday, May 14, 2021 By Nikhil Patwardhan MUMBAI – The Nifty 50 index ended lower for the third straight session today, losing around 1% this week, while the Sensex snapped a two-session losing streak and ended higher, albeit marginally, ending the week largely unchanged.     In contrast, global equities were sharply higher today. US indices...

India Gilts Review: 10-yr bond rises, RBI rejects auction bids again

Informist, Friday, May 14, 2021 By Suyash Pande NEW DELHI – The 10-year benchmark 5.85%, 2030 bond ended higher after the Reserve Bank of India rejected all bids for the paper at the auction today, dealers said. The government raised 122.05 bln rupees as against 260 bln rupees notified at the auction. This was...

Equity Futures: Short positions in metal cos signal further losses

Informist, Friday, May 14, 2021 By Joe Milton  MUMBAI – After the recent uptick in metal stocks, they have entered an intermediate correction phase, which is evident from the short positions initiated in Jindal Steel & Power, Hindalco Industries, Steel Authority of India, and Tata Steel.   Metal stocks are taking a breather for the time being, and traders...


Market News by Date