DEMAND RISING
As monsoon sets in, respiratory, malaria drugs see demand rise
The onset of the monsoon in June led to a significant increase in sales of drugs for respiratory, anti-infective, anti-malaria, and gastrointestinal therapies. According to market researcher Pharmarack, these therapies saw double-digit growth compared to June 2023.
Bengaluru Airport cargo volumes may rise 20% in FY25
Bengaluru's Kempegowda International Airport anticipates a 20% rise in cargo volume this fiscal, driven by enhanced connectivity and increased demand for perishable goods, according to sources familiar with the matter.
Rupee nudges up on lower US bond yields, forward premiums rise
Pressure on the yen and yuan had kept Asian currencies on the defensive over recent trading sessions but soft U.S. economic data on Wednesday helped ease the depreciation pressure.
Summers are over. Should a tactical trade turn into a long-term investment? 5 AC & white goods stocks which surged with the rising temperature
There are many sectors which make it to headlines at a particular time of the year. Like we would see agriculture and irrigation stock coming to headline around budget time, hotel stocks during holiday season. So, while they are cyclical stocks, because their cycles are much shorter as compared to typical cyclical stocks like metals, where cycles may last for many years, they are not typically classified as cyclical stocks. But essentially they are and cyclical stocks are more tactical trade rather than long term investment, which you can buy and forget for years. There is another set of companies who also make it to the headline and probably to the list of top gainers around the same time every year. Companies whose fortunes are linked with what happens in the summer season. This time again it happened, right from AC makers to fan makers to an ice cream company. All have witnessed an upward movement. Should be kept for it is time to say goodbye till next season.
India's power consumption rises nearly 9pc to 152.38 billion units in June
The highest supply in a day (peak power demand met) also rose to 245.41 GW in June 2024 against 223.29 GW in the year-ago month. The peak power demand was recorded at 224.10 GW in June 2023. The peak power demand touched an all-time high of 250.20GW in May this year. The previous all-time high peak power demand of 243.27 GW was recorded in September 2023.
Mumbai property market sets yet another benchmark, records best-ever June; registrations rise 12%
Mumbai, India's largest and priciest property market, has achieved a new milestone by recording its highest-ever property registrations for the month of June. In June, the city saw 11,538 property registrations, marking a 12% increase from the previous year. This led to the state exchequer collecting over Rs 998 crore in stamp duty revenue, reflecting a 16% year-on-year rise
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Copper demand to rise significantly with shift to cleaner energy sources: HCL CMD Sharma
According to ICRA, the domestic refined copper demand growth is expected to remain healthy at 11 per cent in FY25, outpacing the rate of global growth in copper demand, given the Centre's thrust on infrastructure development and a gradual transition to renewable energy.
Rise in value-seeking customers, key FMCG sectors face tampering of growth: Report
The report highlighted a significant shift in consumer spending patterns with a rise in value-seeking buyers, which is evident across consumer businesses. While the consumer may increase their spending on leisure activities, suggesting a good performance for the aviation and hotel industries in FY2024-25, it added.
Aluminium prices rise on supply concerns. Will the rally sustain?
Aluminium prices surged to two-year highs driven by supply constraints in China and demand optimism. The domestic market followed suit, gaining over 15% this year despite a slide in other industrial metals.
India's coal import rises 13% to 26 MT in April
India's coal imports surged 13.2% to 26.10 million tonnes in April 2024, driven by early summer demand. Non-coking coal reached 17.40 MT and coking coal 4.97 MT. Amid calls for boosting domestic production, imports continue to rise, expected to meet power and industrial sector needs ahead of monsoon season restocking
India's May Palm oil imports jump 74 pc on rising demand
India's palm oil imports surged 74% to 7,63,300 tonnes in May from 4,39,173 tonnes as the world's largest vegetable oil buyer stocked up to meet rising domestic demand, according to Solvent Extractors Association.
World oil demand will rise 2.25 million bpd in 2024: OPEC
OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024, despite lower than expected use in the first quarter, saying travel and tourism would support consumption in the second half of the year.
High-rise skyline of the property market
India's property market is in an upcycle since the pandemic, driven by demand for larger living spaces during WFH. Real estate prices have climbed due to the wealth effect of stock market returns and incentives for affordable housing.
Loan demand for rural homes, tractors may rise on govt push
"We believe a likely surge in rural credit demand, higher affordability and government push toward financial inclusion with ease of regulations in the microfinance sector. A likely credit-linked subsidy scheme (CLSS) in the Pradhan Mantri Awas Yojana would drive credit growth going forward," ICICI Securities said in a report.
Oil rises on hopes of summer fuel demand
Goldman Sachs analysts expect Brent to rise to $86 a barrel in third quarter, saying in a report that solid summer transport demand will push the oil market into a third-quarter deficit of 1.3 million barrels per day (bpd).
Global demand revival: How is India poised?
As the global demand sees some revival, India must get its act together to make the most out of it.
China's May exports rise 7.6%, imports increase 1.8%
China's exports rose 7.6% in May, exceeding forecasts. The $18.6 trillion economy shows varying recovery speeds. Data reflects global demand impact on officials' efforts. Reuters poll had predicted lower growth rates.
Oil falls more than $1 on worries of supply rising later in 2024
Oil prices fell more than $1 on Tuesday, extending losses from a four-month low in the previous session, as investors worried about supply rising later in the year amid signs of weakening U.S. demand.
Oil prices extend losses on worries of supply rising later in 2024
Oil prices fell with Brent crude at $78.16 and U.S. West Texas Intermediate at $74.05. OPEC+ extended output cuts into 2025. GasBuddy data indicated a decline in U.S. gasoline prices.
Sweltering heat triggers 15% rise in India's power consumption in May
India's power consumption surged by 15% to 156.31 BU in May 2024 due to scorching heat, leading to increased use of cooling appliances. Peak power demand hit a record high of 250.07 GW, surpassing the previous peak of 243.27 GW. Experts project a peak demand of 260 GW this summer, driven by soaring temperatures.
Hyderabad housing market seeing significant trend towards luxury homes: NAREDCO President
The Hyderabad property market is witnessing a surge in demand for luxurious homes with spacious layouts and modern amenities. G Hari Babu, National President of National Real Estate Development Council, discussed rising property prices and evolving market dynamics. Factors include government policies, unlimited FAR, and infrastructure development, driving significant growth in both residential and commercial sectors.
India's natural gas demand to rise 7% in 2024, says IEA
Natural gas demand in India is projected to increase by 7% in 2024, primarily due to heightened usage in the industrial and fertilizer sectors. Additionally, the occurrence of heatwaves across the country will lead to higher usage in the power sector. However, despite this, the overall growth in natural gas consumption is expected to be slightly lower compared to 2023, when it saw a growth of nearly 10%.
Oil rises as major producers expected to keep output cuts in place
Oil prices rose on expectations of production cuts by major producers at a meeting this Sunday as fuel consumption is set to increase with the start of the peak summer demand season.
Chicken prices rise by 25% as heat wave cuts poultry production
Chicken prices have risen by over 25% in south and east India due to intense heat waves, water scarcity, and bird mortality. Demand remains high with increased money circulation during the elections, affecting prices across regions.
Jubilant FoodWorks Q4 Results: Profit jumps on steady demand
Jubilant FoodWorks reported a more-than-seven fold jump in quarterly profit on Wednesday as the Domino's Pizza's Indian franchisee booked an one-time gain and also benefited from steady demand.
As mercury rises, so does the demand for home delivery
Ecommerce platforms are experiencing a surge in demand for essentials like groceries, leading to a spike in deliveries. This surge is also increasing the demand for manpower at dark stores and distribution centers. Orders in the National Capital Region have seen a sharp increase, with consumers also ordering ice-creams and beverages online.
Nifty Metal index crosses 10,000 mark for first time as stocks rally up to 20%
The index has been rising, making new highs since the second half of 2023. It made new all-time highs in 5 consecutive trading sessions. A significant surge in demand from China is believed to drive the rally in the metal space.
Delhi's power demand crosses 6,800 MW as mercury rises: Discoms
Delhi recorded a peak power demand of 6,834 MW, with TPDDL meeting 2,035 MW in north Delhi. The discoms prepared for the estimated 8,000 MW peak demand with agreements and contingency plans.
Insurers are having a Chillar Party: Maternity insurance sales skyrocket as couples brace for soaring costs
Rising childbirth costs in India drive a surge in demand for maternity insurance, growing at 80% annually. PolicyBazaar data reveals 78% of policies are bought by men. Insurers see these policies as customer magnets despite expected claims. Factors like urbanization and increased C-sections contribute to the trend. Reliance General Insurance reports a 21.5% increase in C-section deliveries since 2016.
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