Core categories, like tea and salt, should grow in a sustainable manner for further re-rating
According to Geojit, Barring dhaniya other spices ended Thursday’s session on a positive note. Turmeric futures rose supported by firm demand and on prospects of lower acreage this season.
Nestle is well placed in various categories it is present; with focus on both urban and rural markets, growth is likely to pick up going forward
Brent crude fell 59 cents, or 0.7%, to $83.65 a barrel by 0027 GMT, but was on track for a weekly 5% increase. U.S. West Texas Intermediate (WTI) crude fell 51 cents, or 0.6%, to $79.58 a barrel, on track for a 5.2% weekly increase.
Market participants are now awaiting cues from the ECB and BoJ for any impact on precious metals market.
The firm's profit rose to Rs 737.6 crore in the June quarter from Rs 507.9 crore in the year-ago period on healthy domestic market growth and a 17 percent increase in exports
Rural market recovery remains the key for better performance
According to Geojit, Turmeric futures continued rising on NCDEX on Wednesday supported by firm demand and on prospects of lower acreage this kharif season.
The promise of economic stimulus in China, the world's second-biggest oil consumer, also lent support to the market.
In June, Indian crude steel production recorded a 12.9% increase compared to the same period last year.
Tata Steel India operations are integrated and the majority of incremental profits will come from India, given the capex guidance.
According to Geojit, Sentiments were muddled in spices complex on NCDEX on Tuesday. Turmeric futures resumed rising, while both jeera and coriander futures pared initial gains to end the session down.
Brent crude futures slid 32 cents, or 0.4%, to $83.32 a barrel by 0036 GMT. U.S. West Texas Intermediate (WTI) crude was at $79.35 a barrel, down 28 cents, or 0.4%.
Brent futures were down 4 cents, or 0.05%, at $82.70 a barrel by 0823 GMT, while U.S. West Texas Intermediate (WTI) crude was stable at $78.74.
According to Geojit, Mixed moves were witnessed in NCDEX spices complex on Monday as well. Turmeric and jeera futures ended the session in red on profit booking, while dhaniya futures inched higher to hit its highest level in more than five months.
Brent futures gained 7 cents at $82.81 a barrel at 00:07 GMT, while U.S. West Texas Intermediate (WTI) crude rose 11 cents at $78.85.
Vedanta is present in both ferrous and non-ferrous businesses, including oil and gas, making it highly vulnerable to commodity prices and economic cycles
Incremental capacity of more than 6 million tonnes to go on stream in the next one year
According to Geojit, Mixed moves were witnessed in NCDEX spices complex on Friday. Turmeric futures ended down profit booking, while dhaniya futures were up on firm demand.
Brent crude futures dipped 41 cents, or 0.5%, to $80.66 a barrel by 0045 GMT. U.S. West Texas Intermediate crude was at $76.70 a barrel, down 37 cents, or 0.5%.
On the technical front, NYMEX Crude is trading close to a falling trend line resistance near $77.50 per barrel. Sustained closing above $77.50 per barel would give the bulls the edge to take the price higher towards the next resistance of $79.50 per barrel.
Currently, India is the leading exporter of rice in the world, thus accounting for over 40 percent of the global rice trade, as well as the second largest producer right after China.
According to Geojit, Sentiments were sanguine in spices complex on NCDEX on Thursday. Turmeric futures continued rising on worries over lower production expectation and firm demand.
Brent futures rose 3 cents to $79.67 a barrel by 0016 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 9 cents to $75.74 a barrel. Prices closed marginally higher on Thursday.
Earlier, Reliance Industries Ltd, Tata Consultancy Services Ltd, HDFC Bank, ICICI Bank, Hindustan Unilever, and Infosys Ltd have achieved this milestone. Shares of the Kolkata-based conglomerate rallied over 48 percent so far this year.