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Stock market falls as NBFC liquidity fears weigh on investor sentiment

Experts said the liquidity crunch at NBFCs had compounded worries for the market, which is already grappling with the depreciating rupee and higher oil prices
Markets

Stock market falls as NBFC liquidity fears weigh on investor sentiment

Experts said the liquidity crunch at NBFCs had compounded worries for the market, which is already grappling with the depreciating rupee and higher oil prices

Cashew exports to US declined from FY14 to FY18 as Vietnam stole the show

Indian exports of Cashew Kernels to USA has declined from 33,898 metric tonne (MT) at Rs 15.05 billion in 2013-14, to 13,179 MT at Rs 9.06 billion in 2017-18. During 2013-14, US was the largest export destination for cashew kernels exporters from India.The de
Markets

Cashew exports to US declined from FY14 to FY18 as Vietnam stole the show

Indian exports of Cashew Kernels to USA has declined from 33,898 metric tonne (MT) at Rs 15.05 billion in 2013-14, to 13,179 MT at Rs 9.06 billion in 2017-18. During 2013-14, US was the largest export destination for cashew kernels exporters from India.The decline has also been evident in European countries and in other traditional strongholds, with the competitors like Vietnam offering same quality products at a lower rate. The Cashew Exports Promotion Council of India has said that it is looking at marketing strategies to recapture the lost share in these traditional markets.Exports of cashew kernels to US was around 33,898 MT at a value of Rs 15.05 billion in 2013-14, which has come down to 13,179 MT at Rs 9.06 billion in 2017-18. Exports to Netherlands, the third largest export destination for India, has also declined in volume from 9918 MT to 8650 MT from 2013-14 to 2017-18, while in terms of value, it has grown from Rs 4.23 billion to Rs 5.84 billion during the respective ...

Growth levers intact for steel players as rupee, firm demand support prices

The rupee's depreciation against the dollar and strong domestic demand continues to support steel prices, buoying stock prices for entities in the sector, unlike the volatility seen in most other commodity stocks. Tata Steel and JSW Steel, the two most favour
Markets

Growth levers intact for steel players as rupee, firm demand support prices

The rupee's depreciation against the dollar and strong domestic demand continues to support steel prices, buoying stock prices for entities in the sector, unlike the volatility seen in most other commodity stocks. Tata Steel and JSW Steel, the two most favoured ones among analysts, have significantly outperformed the broader indices over the past three months. The trend is likely to sustain, say the analysts, who believe Steel Authority of India (SAIL) and Jindal Steel and Power (JSPL) will also gain.Flat steel products, used for making automobiles, white goods and the like, saw prices hiked last month by Rs 500-1,000 a tonne. Analysts expect a similar rise in October, too. Prices of long steel products, which find use in construction, have risen since their August low. Finished steel consumption growth, up from 3.1 per cent in 2016-17 to 7.8 per cent in 2017-18, is to maintain a high single-digit in FY19, says Fitch Ratings.One reason for the higher steel pricing is rupee ...

NIIT Technologies gains 6% on healthy Q2 results

The stock moved higher by 6% to Rs 1,214 after the company reported a strong 29% sequential growth in its consolidated net profit at Rs 1,167 million in Q2FY19.
Markets

NIIT Technologies gains 6% on healthy Q2 results

The stock moved higher by 6% to Rs 1,214 after the company reported a strong 29% sequential growth in its consolidated net profit at Rs 1,167 million in Q2FY19.

8K Miles, Dilip Buildcon, Finolex Industries hit 52-week lows

8K Miles was trading at Rs 112, its lowest level since August 28, 2014, fallen 89% from its record high level of Rs 1,024, touched on November 29, 2017 on the BSE in intra-day trade.
Markets

8K Miles, Dilip Buildcon, Finolex Industries hit 52-week lows

8K Miles was trading at Rs 112, its lowest level since August 28, 2014, fallen 89% from its record high level of Rs 1,024, touched on November 29, 2017 on the BSE in intra-day trade.

NBFCs under pressure; Repco Home, DHFL, Indiabulls Housing down over 5%

Repco Home Finance, DHFL, Indiabulls Housing Finance and Edelweiss Financial Services were down more than 5% on the BSE.
Markets

NBFCs under pressure; Repco Home, DHFL, Indiabulls Housing down over 5%

Repco Home Finance, DHFL, Indiabulls Housing Finance and Edelweiss Financial Services were down more than 5% on the BSE.

Rupee pangs in the Diwali season: Gold prices surge to a 2-year high

Gold futures on the Multi Commodity Exchange of India Ltd. have climbed 10 per cent this year to the highest since July 2016
Markets

Rupee pangs in the Diwali season: Gold prices surge to a 2-year high

Gold futures on the Multi Commodity Exchange of India Ltd. have climbed 10 per cent this year to the highest since July 2016

Crude edible oil imports rise as global price fall boosts refinery margins

Prices have fallen by 11-25% abroad over the past year, due to excess supply and also reduced demand from India, one of the largest players
Markets

Crude edible oil imports rise as global price fall boosts refinery margins

Prices have fallen by 11-25% abroad over the past year, due to excess supply and also reduced demand from India, one of the largest players

Infosys Q2 results: EBIT, status quo on guidance for FY19 worry analysts

In the presser following the announcement of the results, the company said large deal wins were strong during the period and several of its sectors are growing over 10 per cent YoY.
Markets

Infosys Q2 results: EBIT, status quo on guidance for FY19 worry analysts

In the presser following the announcement of the results, the company said large deal wins were strong during the period and several of its sectors are growing over 10 per cent YoY.

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