March 14, 2024 01:35 PM ISTThe ongoing memecoin frenzy in the digital asset market continues unabated, as trading volumes now rival those observed just before the burst of the previous crypto bubble over two years ago. Memecoins like Dogwifhat and Pepe, renowned for their speculative and volatile nature, are surpassing the gains of Bitcoin, a dominant figure in the headlines. According to data from blockchain data firm Kaiko, trading volumes for leading memecoins, often priced at a fraction of a cent, surged to nearly $80 billion in the past week alone, marking the highest levels since October 2021. Watch Manisha Gupta with more details
March 13, 2024 02:03 PM IST Catch Manisha Gupta in conversation with Prafful Vithlani , President All India Sugar Trade Association (AISTA) for more details
March 12, 2024 01:19 PM IST Catch Manisha Gupta in conversation with Vikram Dhawan, Head of Commodities & Fund Manager at Nippon India Mutual Fund for more details
March 11, 2024 01:09 PM IST Gold surged to record high this week in MCX as weak US economic data and US regional banking jitters have given bulls the boost needed to break out from the last 2 months consolidation. The breakout has been spectacular and has baffled many traders with the ferocity of the move. Gold hits record high at near $2200 an oz India Gold hits all time high above Rs 66,000/10gms .Biggest weekly percentage rise since Mid October .Prices +4% over week, +8% on month. Traders see near 70% chance of 25bps rate cut. Catch Manisha Gupta with more details
March 06, 2024 01:02 PM IST Silver prices trade at a two-month high. Markets price in US Fed rate cuts in June. Support from Industrial metals, rising global equities. Global Silver industrial demand estimate for 2024. Catch Manisha Gupta in conversation with Renisha Chainani - Head of Research - Augmont gold as they discuss different ways to invest in Silver. Watch to know more
March 05, 2024 01:39 PM IST It seems that the ‘bonanza’ period for Bitcoin is not showing signs of a halt. Bitcoin hits $68,800 level, nearly all time high. From what it’s understood, the cryptocurrency crossed the price mark for a second time within a week, since it was last recorded on February 28, 2024. Is the Crypto craze back? Catch Manisha Gupta with more details
March 04, 2024 01:36 PM IST Gold prices hit 3-month high due to supporting data. Key triggers include easing U.S. inflation, decline in USD & treasury yields support buying. Catch Manisha Gupta with Ajay Kedia, MD, Kedia Advisory
February 27, 2024 01:05 PM IST Spotlight on metal prices: metals witness decline, Aluminum & Zinc prices fall. Aluminum prices near 1 month low. US refrains from Sanction on Russia aluminum industry. Russia Aluminum at 3.8mln tons amounts to 6% global. Bauxite exports from Guinea continue following explosion at a fuel depot. Inventories in Shanghai surge 65% in previous week. China inventories at 173K tons is at May 2023 high. Catch Manisha Gupta in conversation with Peter McGuire CEO, XM Australia. Catch Manisha Gupta in conversation with Peter McGuire CEO, XM Australia on sharp decline on metals
February 26, 2024 01:12 PM IST Price of Parboiled Rice exported from India is at record high. Govt has also extended 20% export duty on parboiled rice beyond March. Catch Manisha Gupta in conversation with Dr Prem Garg, National President, Indian Rice exporters federation.
February 21, 2024 01:15 PM IST Natural Gas Prices Rise As Colder Weather Forecasts Increase Heating Demand. Upside remains limited due to record-high domestic natural gas production in US. Robust production has kept inventories well-supplied. Catch Manisha Gupta in conversation with Kunal Shah, Head of research commodities, Nirmal bang
February 20, 2024 01:10 PM IST Edible oil prices are under pressure due to weak China demand and favorable weather in Argentina and Brazil, Soyabean & Sunflower oil trade at discount for 1st time in an year. Catch Manisha Gupta in conversation with Dr. B.V. Mehta, the Executive Director of The Solvent Extractors' Association of India.
February 19, 2024 01:36 PM IST The cryptocurrency market observed a strong recovery in the year 2023 after it witnessed a slight downside due to the global macroeconomic situations and inflation data. Bitcoin trades above $52,000 and hit all time high of $69,000 in November 2021. Catch Manisha Gupta in conversation with Ashish Singhal, Co-founder of Coinswitch, to discuss the cause of this Crypto surge.
February 15, 2024 01:10 PM IST Concerns that rate cuts could be delayed has come to haunt metal traders, as most base and precious metals trade at the lower range. Funds show that there is only a 40% probability that fed will cut rates in May.- Metals have got hammered since, Copper prices down 5.5% vs Jan 31 highs. Aluminium prices down 4.8% in 2024 till date. While Gold trades at 2 month lows & silve is down 5% in 2024. Watch Manisha Gupta discuss whats concerning metal prices with Kunal Shah, Head of Research Commodities, Nirmal Bang on Commodities Corner
February 05, 2024 01:39 PM IST On Monday, gold prices experienced a decline as the U.S. dollar and Treasury yields surged following a strong jobs report that dashed expectations of imminent interest rate cuts from the Federal Reserve. At 0556 GMT, spot gold was down 0.5% at $2,029.03 per ounce, while U.S. gold futures fell 0.4% to $2,045.50 per ounce. Catch Manisha Gupta with more details
January 31, 2024 02:03 PM IST With the Union Budget 2024 just around the corner, all eyes are on the Finance Minister Nirmala Sitharaman's ‘bahi khata’ to see what it holds for commodities sector. Will this budget provide relief to farmers and agriculture sector.. Catch Manisha Gupta as she breakdowns what commodities market expect from upcoming Budget 2024.
January 30, 2024 01:14 PM IST The government is likely to significantly enhance allocation for key farm sector schemes and push credit in the interim Budget to boost rural economy as growth in the agriculture sector is projected to decelerate to 1.8% in 2023-24 from 4% a year ago. Finance Minister Nirmala Sitharaman is scheduled to present the interim Budget on February 1, which will be the last major economic document of the Narendra Modi-led government ahead of the 2024 Lok Sabha elections. Catch Manisha Gupta in conversation with Chattanathan D, co-founder Arya.ag.
January 29, 2024 01:48 PM IST The Finance Minister Nirmala Sitharaman will make the interim budget announcement on February 1. What are the expectations of the pulses sector from the budget? Some are, increased allocation of ₹1000 crore funds for subsidies for cold storage infrastructure development. To know more about the budget expectations from the pulses sector watch this edition of Commodites Corner with Manisha Gupta and Deepak Pareek, Founder, HNYB tech incubation.
January 25, 2024 01:24 PM IST India’s Steel Majors Are Seeking Govt Intervention To Control Raw Materials Prices. Mills has flagged issues in the price discovery process of coking coal by international players and has reportedly asked the government to push for a “more realistic” price discovery mechanism. Steel makers, through the Indian Steel Association (ISA) – which includes AM/NS India, JSW, Tata Steel, Jindal Steel & Power and PSUs like SAIL and RINL – have called for intervention and action across two key price indexes, namely Platts and Argus Indexation which “remain subjective” in determining coking coal price. Catch Manisha Gupta in conversation with Dhruv Goel, CEO, Big Mint
January 19, 2024 01:25 PM IST India, ranking as the third-largest global consumer and importer of oil, is actively pursuing a reduction in crude oil consumption by transitioning to eco-friendly alternatives like biofuels. The nation aims to increase the blending of ethanol with gasoline to 20% by 2025. The Assam biorefinery, developed at a cost of 40 billion rupees in collaboration with NRL and Finnish partners Chempolis and Fortum, marks India's pioneering use of bamboo as a feedstock. Catch Manisha Gupta in conversation with Bhaskar Phukan, Managing Director, India's Numaligarh Refinery and KPJ Reddy, Prof-IISc
January 17, 2024 01:33 PM IST In the "Preliminary Monsoon Forecast Guidance for 2024," Skymet foresees the approaching monsoon as being categorized as 'normal.' This year is likely to be one of those characterized by a robust commencement, progressing steadily and concluding approximately midway within the normal range. The standard range for normal rainfall is defined as 96-104% of LPA (868.6mm). Catch Manisha Gupta in conversation with G P Sharma, President, Meteorology & Climate CHange, Skymet
January 16, 2024 01:30 PM IST On Tuesday, the Indian government announced a one-year extension of the reduced import duty on edible oil, now effective until March 2025. The initial expiration date for the lower import duty on crude palm oil, crude sunflower oil, and crude soy oil was set for March of this year. As the largest global importer of vegetable oil, India has opted to maintain the lowered import duty structure. Notably, the basic import duty on refined soybean oil and sunflower oil was reduced from 17.5% to 12.5% in June of the previous year. The primary sources of India's palm oil imports are Indonesia and Malaysia. Catch Manisha Gupta in conversation with Sandeep Barjoria - Sunvin with more details
January 15, 2024 01:39 PM IST The current heavy fog and cold weather in North India are having a significant impact on the Rabi crops, particularly due to deficient winter rain. Farmers are advised to implement frequent irrigation measures to mitigate the adverse effects on their crops. The combination of heavy fog and cold conditions can lead to several challenges for Rabi crops. Catch Manisha Gupta in conversation with G P Sharma, President, Meteorology & Climate Change, Skymet
January 12, 2024 01:08 PM IST Natural Diamond demand recovers. Price correction in 2023 led to strong demand growth. India diamond market : solitaire , everyday diamonds. India seen as fastest growing markets. Catch Manisha Gupta in conversation with David Kellie , CEO natural diamond council
January 11, 2024 01:10 PM IST The U.S. Securities and Exchange Commission on Wednesday approved rule changes to allow the creation of bitcoin exchange-traded funds in the U.S., a long-awaited move that will give regular investors access to the controversial and volatile cryptocurrency. Catch Manisha Gupta in an exclusive conversation with Ajeet Khurana
January 09, 2024 01:19 PM IST A fine balance struck between the Middle East conflict, concerns about global demand and rising supply from producing countries has helped crude oil on a slippery ground with a marginal turnaround. Oil prices edged up on January 9, partially recovering from the decline in the previous session. Brent crude futures increased by 18 cents, reaching $76.30 a barrel, representing a 0.2 percent rise, while the US West Texas Intermediate (WTI) crude futures saw a gained 0.1 percent, or 6 cents, to $70.83 a barrel. The two crude oil benchmarks lost more than 3 and 4 percent on January 8 following significant price cuts by top oil exporter Saudi Arabia, and an increase in output by the Organization of Petroleum Exporting Countries (OPEC). Catch Manisha Gupta in conversation with Ajay Kedia, MD, Kedia Advisory with more details.
