Analysts said the panel’s recommendations, if implemented from April 1, are expected to bring immediate relief for consumers.
In January 2023, JG Chemicals Ltd submitted draft papers to SEBI to raise funds through a fresh issue of Rs 202.50 crore, along with an offer-for-sale of up to 5.70 million shares by its existing shareholders and promoters.
The fall in raw material prices accelerated since the Union Budget on February 1
Manoj Jain of Prithvi Finmart expects gold prices to be in an uptrend with likely resistance at Rs 59,400-Rs 59,720 per 10 grams for the April contract on Multi Commodity Exchange of India.
According to Geojit , Weakness was witnessed in NCDEX spices complex on Monday with coriander shedding more than three per cent.
Kotak Institutional Equities has maintained a reduced rating on Hero MotoCorp Ltd and lowered its target price to Rs 2400 from Rs 2600 earlier.
Brent crude futures fell 2 cents to $78.10 a barrel at 0018 GMT. West Texas Intermediate U.S. crude gained 8 cents, or 0.1%, to $72.89.
Gold prices typically rise when the US dollar and bond yields fall. This year, the US dollar has dropped by 0.60 percent and corrected almost 10.0 percent from last year's peak of 114.78
Kotak Institutional Equities has upgraded Uno Minda from ADD to BUY and revised its target price to Rs 545 a share. The brokerage said that the recent 15% correction in stock price has made the valuations more attractive.
According to Geojit , Mixed moves continued in NCDEX spices complex. On Friday, jeera futures ended marginally up on firm demand and concerns over crop quality after unseasonal rains in Gujarat.
Brent crude futures gained 33 cents, or 0.4%, to $75.32 a barrel at 0040 GMT. U.S. West Texas Intermediate crude was at $69.65 a barrel, up 39 cents, or 0.6%.
Risk off has returned with fresh concerns about Deutsche Bank. Also, the US probe on whether financial professionals at UBS and Credit Suisse helped Russian oligarchs circumvent sanctions will add to the uncertainty and keep investor confidence fragile
The stock was down over 20% in February while so far in March after huge volatility it is up just 2.6%.
According to Geojit , Jeera and coriander futures ended down on Thursday, while turmeric futures rose on NCDEX. Profit booking was witnessed in jeera futures after the recent rise.
Brent crude futures slid 48 cents, or 0.6%, to $75.43 a barrel by 0039 GMT, while U.S. West Texas Intermediate crude futures dropped 52 cents, or 0.7%, to $69.44 a barrel.
Kotak Institutional Equities maintains a positive outlook on the banking sector despite growing uncertainties and recognises the potential risks associated with a global economic slowdown
Brent crude futures fell 80 cents, or 1%, to $75.89 a barrel by 00:09 GMT, while U.S. West Texas Intermediate crude (WTI) dropped 84 cents, or 1.2%, to $70.06.
According to Geojit , Barring dhaniya other spices were up on NCDEX on Tuesday. Dhaniya futures came under profit booking after the recent rise.
The rainfall has been widespread across major agricultural states, causing some damage to the wheat crop, according to preliminary reports. Despite this setback, ample supply should help ease inflationary pressures
Manoj Kumar Jain, Prithvi Finmart Commodity Research suggests buying gold above Rs 58600 with a stop loss of Rs 58380 for target of Rs 59000.
Brent futures, which have risen more than 3% this week, were down 48 cents, or 0.6%, at $74.84 a barrel at 0203 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 47 cents, or 0.7%, at $69.20.
Gold prices have hit a lifetime high in India, Australia, and the UK, while they’re at an 11-month high in the US. The crises at SVB, Signature Bank, and Credit Suisse are making investors turn to gold as a safe-haven asset.
Prabhudas Lilladher is bullish on Can Fin Homes has recommended buy rating on the stock with a target price of Rs 700 in its research report dated March 20, 2023.
Saumil Gandhi, Senior Analyst (Commodities), HDFC Securities expects gold prices to consolidate in upper range with positive bias before the Fed policy outcome.
According to Geojit , Mixed moves were witnessed in NCDEX spices complex on Monday. Jeera futures pared initial gains on rising arrivals in the spot market, while coriander and turmeric futures inched up on firm demand.