Markets

Equity Futures: Maruti Suzuki sold on concern over demand, rtg cut

Friday, Jun 21 By Apoorva Choubey  MUMBAI – A rating downgrade and concerns that product price hikes would hit Maruti Suzuki India's sales at a time when demand is tepid, led to addition of short positions in the stock's June futures, lifting open interest by a whopping 7%.  In the cash market, the...

India Stocks Review:End down on econ slowdown, tensions in West Asia

Friday, Jun 21 By Raghavendra Upadhyaya  MUMBAI – Benchmark indices ended the third week in red as investors remained cautious over a slew of reasons--geopolitical tensions in West Asia, global trade woes, liquidity crunch among domestic non-bank lenders, as well as bearish mood ahead of the Union Budget for 2019-20 (Apr-Mar) on Jul 5, said...

India Edible Oil: Down as monsoon progresses in most of India

Friday, Jun 21  By Kaushal Verma   NEW DELHI – Futures contracts of all components of the edible oil basket on domestic exchanges declined today as monsoon current progressed in most parts of eastern, southern and western India, analysts said. The southwest monsoon current covered more parts of central, south and eastern India, the India Meteorological...

India Base Metals: Down tracking LME in line with Asian equities

Friday, Jun 21 By Shrea Paul MUMBAI – Futures contracts of all base metals fell on the Multi Commodity Exchange of India, tracking the London Metal Exchange where majority of the metals traded lower in line with Asian equities, said analysts. Investors were also worried about US-China trade negotiations at next week's G-20 summit in Osaka,...

India IRS Review: Rates up on rise in crude prices, gilt yields

Friday, Jun 21 By Shreya Tyagi NEW DELHI - Overnight indexed swap rates rose sharply today because a jump in crude oil prices and government bond yields sent traders rushing to unwind received positions, dealers said. Today, the one-year OIS rate settled at 5.62-5.66%, against 5.55-5.57% on Thursday. The five-year swap ended at...

India Crude: Hits 3-wk high on escalating US-Iran tensions

Friday, Jun 21 By Shrea Paul MUMBAI – Futures contracts of crude oil rose on the Multi Commodity Exchange of India and the New York Mercantile Exchange hit three-week highs today on fears that the US and Iran may engage in a military confrontation, analysts said. The West Texas Intermediate August-delivery contract on NYMEX hit a...

India Spices: Mentha ends at 11-mo low; jeera up on short covering

Friday, Jun 21 By Gautami Koli MUMBAI – Futures contract of spices traded on a mixed note on domestic exchanges today. On the Multi Commodity Exchange of India, the June contract of mentha oil fell to an 11-month low of 1,252.2 rupees per kg due to a rise in arrivals and weak demand in anticipation of a...

India Rubber: Up on ICEX on low supply, demand from tyre makers

Friday, Jun 21 By Rahul Dhuri MUMBAI – Rubber contracts on the Indian Commodity Exchange ended marginally up today due to supply crunch in the market amid rising demand from tyre makers, traders said. The most-active July contract ended at 15,038 rupees per 100 kg, up 0.2% from Thursday.Expectation of fall in rubber imports also supported the...

Short-Term Debt: CP issuances up on large deals by SAIL, ONGC

Friday, Jun 21 By Rituparna Ghosh MUMBAI – Issuances of commercial papers rose today on the back of large fundraising by Steel Authority of India and Oil and Natural Gas Corp, dealers said. SAIL raised 15 bln rupees through a two-month paper while ONGC raised 10-bln-rupee through two-month CPs. This lifted the total quantum of CP...

India Bullion:Gold near 6-yr high, COMEX tops $1,400/oz on Iran fear

Friday, Jun 21 By Roshni Devi MUMBAI – Gold contracts on the Multi Commodity Exchange of India and COMEX surged to a near-six year high of 34,468 rupees per 10 gm and $1,415.40 an ounce, respectively, today on dovish signals by the US Federal Reserve and escalating tensions between the US and Iran,...


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