anthony blinken
India’s Consumer Price Index-based inflation for May is set to be announced today (June 12). India's retail inflation had cooled to 4.7% in April 2023, the lowest it had hit since October 2021
RBI Governor Shaktikanta Das expects CPI inflation to fall further in May. However, the RBI Governor expects headline inflation to remain above 4% for FY24
“Market sentiment was dampened as the RBI opted for a cautious approach by refraining from a significant cut in the inflation forecast. The central bank cited concerns over geopolitical uncertainties, the potential impact of El Nino, and the rise in the minimum support price while reaffirming their commitment to bringing down inflation to near the targeted 4%,” said Vinod Nair, Head of Research at Geojit Financial Services
“Market participants are now eagerly awaiting the release of domestic inflation data for May, which is anticipated to show a cooling down from the current level of 4.7%. Global cues will also play a significant role in shaping the market trend, with investors closely monitoring the outcomes of the FOMC meeting and the US inflation print,” said Vinod Nair, Head of Research at Geojit Financial Services
US Secretary of State Antony Blinken will deliver an address at the US-India Business Council’s annual India Ideas Summit at the Renwick Gallery in Washington DC today (June 12). Blinken, Commerce Secretary Gina Raimondo and several top members of the Biden administration will join powerful Congressional leadership and top corporate players from India and the US at India Ideas Summit 2023, a two-day event on June 12 and June 13
ICICI Lombard General Insurance Company, Indian Bank, Tata Investment Corporation, Reliance Industrial Infrastructure Limited and Cyient are among the stocks that will turn ex-dividend today (June 12)
The Urban Enviro Waste Management IPO will open for subscription on June 12 and close on June 14. The SME IPO has shares at a fixed price of Rs 100 apiece and the company will get listed on the NSE Emerge platform
“Comex spot gold has immediate resistance at $1984 per ounce if price crosses this level, the rally will extend to $1995/$2010 levels. For the day, Comex spot gold has support at $1945/$1933 and resistance at $1984/$1995. MCX Gold August future is likely to find support at the Rs 59,570 level and resistance at the Rs 60,450 level,” said Saumil Gandhi, Senior Analyst- Commodities, HDFC Securities
“We expect crude oil prices to consolidate within a range with a negative bias. NYMEX WTI crude oil has resistance at $73.80 per barrel and finds support at $68.80/ per barrel. MCX Crude Oil June future has support at Rs 5,735 per barrel and resistance at Rs 5,980 per barrel,” said Saumil Gandhi, Senior Analyst- Commodities, HDFC Securities
Public sector OMCs including BPCL, IOCL and HPCL revise their petrol price and diesel price daily in line with international benchmark prices and forex rates. Petrol and diesel prices today remained stable