Tue, Sep 17, 2024 11:51 AM
Buy Awfis Space Solutions; target of Rs 839: ICICI Securities
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Geojit Financial Services's report on Daily Agri Picks. The Union Cabinet today approved a tentative 244.75-bln-rupee nutrient-based subsidy for the 2024-25 rabi season (Oct-Mar) for phosphatic and potassic fertilisers. The subsidy on phosphatic and potassic fertilisers will be provided based on approved rates for rabi to ensure smooth availability of these to the farmers at affordable prices.
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Gold and silver rates today, September 19 The 24-carat gold rate in India was Rs 73,270 per 10 grams on September 19. The rate for 24-carat gold per gram is Rs 7,327. The rate of 22-carat gold was Rs 67,164 per 10 grams. “After the rate cut decision, the US dollar turned higher putting pressure on gold like safe commodities. Earlier, some expected lowering rates would cause a decline in the value.
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Foreign investors have started big on India so far in September, pouring in $2.19 billion, outpacing other emerging markets. Thailand received $689 million, Indonesia $370 million, Malaysia $215 million, and the Philippines $66 million. While the trend is expected to continue, experts caution that India will need strong earnings growth to absorb the significant liquidity.
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