Indian stock market

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × After a gap-down opening on the back of weak overnight cues, Indian stock markets recovered sharply and closed near the day's highs on May 2. The National Stock Exchange’s benchmark Nifty 50 ended the day with a minor loss of 33 points to close at 17,069. The recovery was led by banking, fast moving consumer goods (FMCG) and metal stocks. Consumer durables, auto and information technology (IT) stocks ended in the red. Last week, Nifty failed to surpass the previous swing high resistance of 17,414 and formed a lower top at 17,377. Nifty recently breached the crucial supports of 20 and 50 days EMA (exponential moving average), which indicates that the short-term trend has turned weak. Indicators and oscillators on the daily and weekly charts have turned bearish. Therefore, unless the Nifty … [Read more...] about Buy these 3 stocks for 11-16% returns as many mid, smallcaps likely to do well

- A + A PARIS/MANILA (May 16): International wheat prices jumped on Monday as an export ban by India, the latest country to use trade curbs to counter food inflation, threatened to further squeeze world wheat supply strained by the war in Ukraine. US and European wheat futures climbed by nearly 6%, with the Chicago market — the global benchmark — earlier reaching its daily trading limit and Paris prices approaching all-time highs. By end of its overnight trading session, Chicago futures were up 4.9%, off an earlier two-month peak. Wheat has contributed to record highs this year for global food prices as measured by the UN's food agency, with Russia's invasion of Ukraine upending the market by halting massive shipments from Ukrainian sea ports. India's embargo, prompted by a heatwave that has cut harvest prospects and sent domestic prices soaring, marks a policy U-turn after the government maintained just days earlier that it was still targeting record exports of … [Read more...] about Wheat prices jump as India export ban adds to supply squeeze

Representative image The government may shortly begin discussions with Russia to secure concessions on sunflower oil imports as domestic retail prices of edible oil continue to climb amid accelerating inflation, people aware of the matter said. India hopes to secure a special carveout or concessional rates for shipments after Russia limited exports of sunflower oil till August 31. Exports of sunflower oil are capped at 1.5 million tonnes till August 31, while overseas sales of sunflower seeds are also banned during this period. The country has placed a 700,000 tonne quota for sunflower meal exports. “Talks are yet to begin and all options remain open. But the government hopes for a special arrangement on sunflower oil, which allows shipments or lower charges for exports to India,” an official said. The Indian government had informed Russia about the need for sunflower oil before as well, but the war with Ukraine had kept Moscow preoccupied and the barrage of international … [Read more...] about Exclusive | India to approach Russia for concessions on sunflower oil imports

Representative Image | Wheat sacks are loaded onto a truck at the grain market in Punjab. The Commerce Department had fought the plan to ban the export of wheat even as the Agriculture Ministry sounded the alarm on the fast-reducing estimates of wheat production due to the heatwave, officials told Moneycontrol . They added that the Ministry of External Affairs (MEA) had supported keeping exports under bilateral arrangements since the Prime Minister and External Affairs Minister have till now been requested by leaders from many countries to help ensure their food security in the face of a global shortage of wheat. On May 13, India banned wheat exports with immediate effect as the world's second-largest wheat producer attempted to stabilise rising domestic prices. The government also struggled with the public procurement process, which received a low response from farmers who continued to sell at much higher prices to traders. The ban came in the backdrop of official … [Read more...] about Exclusive | Commerce Department pushed to keep wheat exports open but agri ministry wanted ban