Screenshot 2021-09-08 at 00-48-56 Rice – A D ENTERPRISES

September 7, 2021 795 × 839 Rice

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Market Updates

Buy lead futures with stop-loss at ₹183

With the risk-reward ratio favourable for long positions, the contract is likely to rally to ₹192

Crude price continues to be hit by US, Europe banking crisis

Market now awaits outcome of tomorrow US Fed meeting

Windfall levy on domestically produced crude oil cut, but hiked on diesel for export

Windfall levy on domestically produced crude oil has been lowered to ₹3,500 per tonne, as against ₹4,400 per tonne

Gold prices hit a new high on looming US crisis

Gold for April delivery on MCX hit a high of ₹60,455 before cooling off to ₹59,630

SEA estimates mustard production at record high 115.25 lakh tonnes

Remunerative prices in 2022 encouraged record plantings, while weather has been conducive

Gold prices cross ₹60,000 on MCX on fragile US economy

Appeal of the yellow metal increases on prediction for less aggressive Federal Reserve rate hikes

Oil PSUs to set up over 30 KTPA of annual green hydrogen production capacity

The new green hydrogen production facilities are spread over six states — Haryana, Madhya Pradesh, Andhra Pradesh, Assam, Karnataka and Tamil Nadu

Crude oil down despite measures by US, European central banks

Market awaits US Fed’s announcement of monetary policy

India looks to extend fuel export curbs

This decision may discourage refiners from buying Russian fuel for re-exports to countries, that have stopped purchases of refined products from Russia due to its invasion of Ukraine.

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Home
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