Commodity

Commodity News

Stock, commodity, bond, forex markets closed today for Good Friday; to resume trading on 13 April
Business

Stock, commodity, bond, forex markets closed today for Good Friday; to resume trading on 13 April

Market rebounded sharply from the opening losses and ended in the green on Thursday amid reports of government's second stimulus package worth about Rs 1 lakh crore soon.

BSE, NSE, major commodity markets to remain closed today for Bakri Id
Business

BSE, NSE, major commodity markets to remain closed today for Bakri Id

The BSE, NSE, forex, money market, bullion and other major commodity markets will remain closed today on account of Bakri Id.

Cabinet approves alternative mechanism for creation and launch of a New Exchange Traded Fund
Business

Cabinet approves alternative mechanism for creation and launch of a New Exchange Traded Fund

After the Cabinet approves divestment of a CPSE, then a group of ministers will take charge of the process by deciding the price band and the quantum of stake sale.

GST launched: Govt asks traders to issue advertisement about price hike post new tax regime
Business

GST launched: Govt asks traders to issue advertisement about price hike post new tax regime

The government on Friday asked traders and businesses to immediately issue advertisements informing the public about increase in maximum retail price (MRP) on mass consumption products post implementation of GST

IMF trims India's GDP to 7.4% for 2016-17 amid subdued investment recovery
Business

IMF trims India's GDP to 7.4% for 2016-17 amid subdued investment recovery

The global lending agency also said that Brexit has resulted in global economic uncertainty

Sensex dives over 160 pts after recent upsurge; weak global cues weigh
Business

Sensex dives over 160 pts after recent upsurge; weak global cues weigh

Despite weakness in key benchmark indices, broader markets was positive with 1,252 stocks advancing against 1,072 declines on BSE, mainly due to continuing uptrend in second rung stocks

Weak IT stocks drag Sensex by 175 pts; Infosys drops 4% on poor USD revenue guidance
Business

Weak IT stocks drag Sensex by 175 pts; Infosys drops 4% on poor USD revenue guidance

Infosys, which commands 7.71 percent weightage among Sensex stocks, contributed 103 points fall to the benchmark index today

Sensex off to flying start, reclaims 27,000 in a 300 points rally
Business

Sensex off to flying start, reclaims 27,000 in a 300 points rally

Market breadth was firm as 1,413 stocks advanced against 416 declines on BSE

Sensex soars 376 pts to end above 26k, but drops 5.8% in Sept quarter
Business

Sensex soars 376 pts to end above 26k, but drops 5.8% in Sept quarter

In six months (April-September) of current fiscal, the Sensex declined 6.5%, its first half-yearly negative return in last four years

Global buoyancy: Sensex soars 402 pts on broad-based buying; RCom zooms 11%
Business

Global buoyancy: Sensex soars 402 pts on broad-based buying; RCom zooms 11%

Market breadth ended firm with 1,981 stocks advancing against 713 declines on BSE.

Sensex soars nearly 400 pts in early trade; Nifty reclaims 8,000-mark
Business

Sensex soars nearly 400 pts in early trade; Nifty reclaims 8,000-mark

Market breadth was upbeat with 1,513 stocks advancing against 351 declines on BSE

Onion prices fall below Rs 50/kg at Lasalgaon on export curbs
Business

Onion prices fall below Rs 50/kg at Lasalgaon on export curbs

However, retail onion prices across the country continue to rule as high as Rs 80 per kg.

Govt not to hike excise duty on petrol, diesel
Business

Govt not to hike excise duty on petrol, diesel

The four excise duty hikes between November and January had led to about Rs 20,000 crore in additional revenue to the government, helping it meet its fiscal deficit target.

Onion hits two-year high of Rs 4,900 per quintal at Lasalgaon
Business

Onion hits two-year high of Rs 4,900 per quintal at Lasalgaon

As per NHRDF data, onions which were selling at a wholesale price of Rs 4,500 per quintal at Lasalgaon, today rose to Rs 4,900 per quintal.

Moody's sees March quarter GDP slowing to 7.2 percent on weak global demand
Economy

Moody's sees March quarter GDP slowing to 7.2 percent on weak global demand

Lower production and weak global demand to temper growth output

India likely to keep lead over China in gold consumption, says WGC
Business

India likely to keep lead over China in gold consumption, says WGC

Demand dipped in both countries in 2014 from record levels a year earlier, but Indian demand slid only 14 percent, compared with a much steeper 38 percent fall in China.

Oil drops below $49 after ECB announces bond buying
Economy

Oil drops below $49 after ECB announces bond buying

Brent crude futures traded at $48.85 a barrel by 1415 GMT, down 18 cents. US crude was down 48 cents at $47.30. Earlier in the session, Brent had reached a high of $50.45, up $1.42.

Centre calls meeting with states on diesel price
India

Centre calls meeting with states on diesel price

Diesel in West Bengal costs Rs 62.64 while the same is priced at Rs 61.70 in Tamil Nadu. In Madhya Pradesh it costs Rs 63.94, Rs 62.21 in Uttarakhand, Rs 63.25 in Uttar Pradesh,Rs 62.85 in Karnataka and Rs 63.04 in Andhra Pradesh.

Govt reduces tariff value on gold to $425
India

Govt reduces tariff value on gold to $425

Continuing its losing streak for the third day, gold prices drifted by Rs 155 to settle at Rs 28,175 per 10 grams in the national capital today on sustained selling by stockists amid a weakening global trend.

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Biztech

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