The adverse impact on the margins of Auto, Consumer Staples and Consumer Durables sectors will be counterbalanced by an earnings uptick in the Metals, Cement and Oil & Gas sectors, MOSL analysts belie
The country will also step up monitoring and analysis of commodity prices
HEG is scheduled to announce its March quarter results on Thursday, May 27, 2021
Copper sinks as inflation fears eclipse South American political risk
After a year of limited activity, several economies are expecting a faster-than-usual bounce back to normal. This has led to an increase in commodity prices across the board
Global stocks headed for their first weekly gain in three amid a surge in commodity prices, while traders braced for a key US jobs report later on Friday
It should deliver strong revenue growth with relief in the form of easing input costs
Raw materials are likely to surge 13.5 per cent in the next six months
Investors should stay true to their asset-allocation for investing for long-term goals. They may look at accrual-oriented funds, like the low duration and short-term funds
Indian markets: A good tactical strategy in the near-term, according to analysts at Antique Stock Broking, is to allocate investible surplus to the Pharma sector as the coronavirus infection rate is o
India's largest carmaker will make a second round of price increase since January
Chana production is expected to be over 11.6 million tonnes this year
Durables, automotive, realty sectors hit hard by rise in input costs
India's retail inflation, according to data released this Friday, surged to a three-month high of 5.03 per cent in February, as against 4.06 per cent in the previous month
Higher margins more than compensated for flat revenues during the quarter
The market breadth was in favour of the bears with the advance-decline ratio at nearly 1:2
OPEC+ will have an important say in how the oil supercycle plays out. Oil prices are now at a level that could bring at least the smaller US operators back and even start to tempt renewed longer-cycle
Rate hikes will be something which we can expect when the borrowing programme comes down and economic growth prospects are strong, Nagarjan said
Increasing commodity prices, specially those of rhodium and palladium, which are used in catalysers to meet strict emission norms, are putting cost pressure on automobile makers, according to a senior official of Maruti Suzuki India. The company, which had hiked prices of its vehicles in January, however is not planning to pass on the burden to consumers in the near future although it is keeping a close eye on its cost structure. With the supply of semiconductors becoming a challenge for the automotive industry, Maruti Suzuki is also watching the situation closely although it will have normal supply this month. "In commodities, prices have gone up dramatically this year, especially that of steel, and rhodium and palladium, which are used in catalysers of BS-VI vehicles. "Demand across the world has gone up but its mining happens only in Russia and South Africa. There, the mining was much lesser because of the pandemic," Maruti Suzuki India Executive Director (Marketing & Sales) ...
December quarter was impacted by currency headwinds, dry weather in the key LatAm market