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ETMarkets Smart Talk | Gold for ballast, silver for growth; avoid industrial commodities in core portfolios: Saish Sawant
In this edition of ETMarkets Smart Talk, Saish Sawant, Research Analyst–Commodities at Emkay Global Financial Services, breaks down the contrasting moves across gold, crude and copper.
US manufacturing strengthens in October, input prices stay high
US manufacturing activity accelerated in October, with the ISM manufacturing PMI rising to 55.5 from 54.5 in September, beating Reuters-polled economists' expectations. Strong consumer and AI-related business spending supported growth, but factory input prices remained elevated at 75.2, reinforcing concerns that US inflation could stay above the Federal Reserve's 2% target.
Fed's Kevin Warsh says US economy not running too hot from AI boom
Federal Reserve Chairman Kevin Warsh said on Wednesday that the US economy is not running too hot despite some demand pressures from the boom in AI investment, adding
Trading starts on LME's first contract from Shanghai exchange collaboration
The London Metal Exchange's new hot-rolled coil steel contract began trading on Tuesday, marking the first product from its collaboration with the Shanghai Futures Exchange. More than 550 lots traded in the first two active months, while two 2027 contracts were held back over a potential technical issue.
Tata consumer Q2 net profit up despite higher costs, weak tea demand
Tata Consumer Products encountered unchanged tea volumes and decreasing revenue in the September quarter as weak demand and surging commodity costs took their toll. To counter this, the company emphasized its salt business, which saw significant revenue increases driven by volume growth and price hikes. Meanwhile, international revenue held steady despite challenges in the UK market caused by weather issues.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian stock markets saw a notable recovery after early losses on Monday. Sensex rose nearly 483 points, while Nifty gained over 153 points during the trading session. This rebound followed a four-day decline that significantly impacted investor wealth. Analysts noted value buying supported the recovery, particularly in sectors like power, healthcare, and metals. Despite this, caution prevailed due to geopolitical uncertainties and upcoming policy decisions from major global banks.
Lord’s Mark Industries Limited becomes Asia’s first company to secure multiple US FDA registrations for 200+ surgical and hygiene products; US exports to begin in December
Silvassa manufacturing expansion completed ahead of schedule as the company prepares to expand its international footprint across the United States and South America
Global sugar market supply deficit to grow sharply, analyst says
Major sugar-producing regions, including Brazil, India, and the European Union, struggle with adverse weather impacts from El Niño. Brazil's sugar production is significantly lower due to excessive rainfall affecting harvests at critical times.
Wall Street banks' bond trading revenue hit by market volatility, equities shine
Amidst a backdrop of volatility in interest rates and a bond market selloff, Wall Street banks experienced a downturn in fixed-income trading revenues, as Treasury yields surged to multi-decade highs. This substantial decline resulted in reduced client activity within the fixed-income sector. Conversely, firms like Goldman Sachs and Morgan Stanley thrived, reporting notable growth in equities trading revenue, showcasing the stark contrast in performance amid fluctuating market dynamics.
US labour market remains stuck in low-hire, low-fire state as inflation intensifies: Fed
The Federal Reserve's latest Beige Book highlights persistent inflation pressures and a stagnant US labour market, with rising energy, tariff, and insurance costs hitting businesses. With September consumer inflation rising 3.7%, expectations are growing for another potential interest rate hike at the Fed's upcoming October meeting.
Nestle India Q2 Results: Standalone profit jumps 36% YoY to Rs 1,027 crore, revenue rises 20%
In the second quarter of FY27, Nestle India achieved a remarkable standalone net profit of Rs 1,027 crore, marking a substantial 36% increase from last year's Rs 753 crore. Revenue from operations soared to Rs 6,788 crore, a 20% rise from Rs 5,644 crore. However, despite these impressive results, shares fell by 7% to Rs 1,260 on the NSE, reflecting a mixed market response.
Dollar retreats from 18-month high despite hot CPI as Fed officials temper hike bets
The dollar has fallen back after peaking at an 18-month high, fueled by stronger than expected inflation data. Expectations of an October rate hike were moderated by prudent remarks from Federal Reserve officials. With Treasury yields decreasing, the dollar slipped against key currencies like the euro and sterling. Traders are now closely monitoring the upcoming US producer price and retail sales figures to gauge future market movements.
In 2017, Cindy Crawford and Casamigos co-founder Rande Gerber bought a Beverly Hills home for $11.6 million; four years later, they sold it for $13.5 million, a $1.9 million gross gain
Cindy Crawford and Rande Gerber recently sold their stunning Beverly Hills estate for $13.5 million, initially purchased for $11.6 million. Their apparent profit of $1.9 million was notably impacted by real estate expenses, emphasizing that celebrity homes may not always command quick sales or inflated prices. This highlights the often-overlooked costs associated with high-end property transactions and the reality that profits can vary from initial expectations.
Food industry warns of supply shock over Super El Nino
India's food industry is alerting to a potential supply shock projected for the year 2027. Experts indicate that a Super El Nino may disrupt crop production and elevate food inflation. Growing concerns arise over the impact on sugar and oilseed production, particularly in states with severe drought conditions. The livestock sector is also preparing for increased feed costs due to these challenges.
Why did market rise today? Sensex jumps 473 points, Nifty closes above 22,550: 6 key factors driving rebound
The Indian stock market recovered after eight weeks of losses, with Sensex gaining 473 points and Nifty 134 points. HDFC Bank appointed Anup Bagchi as its new CEO, boosting investor confidence. Oil prices fell below $102 per barrel due to increased supply and decreasing Fed rate hike concerns. The rupee strengthened amid easing oil prices, while bond yields also cooled down after recent highs.
The biggest jump in global crop prices since 2022 threatens to boost inflation
Global agricultural prices have jumped notably due to growing tensions in the Black Sea affecting supply routes, coupled with adverse weather impacting yields. The Bloomberg Agriculture Spot Index surged by 13%, its highest quarterly growth since March 2022. Meanwhile, China's substantial purchases of American soybeans are altering grain trade dynamics.
Bitcoin price today: Why are BTC, Ethereum-ETC rates down after recent highs? Donald Trump whose administration is known as crypto-friendly may be responsible
A few days back Bitcoin bulls were back after months of gloom. After languishing for months at two-year lows of around $60,000, the world's largest cryptocurrency was heading to reclaim the past glory.
Gold rate today (September 28, 2026): Check 24k, 22k, 20k and 18k gold jewellery prices from Malabar Gold & Diamonds, Joyalukkas, Kalyan Jewellers, Tanishq & IBJA in Delhi, Mumbai, Hyderabad & more cities
Gold rate today: Gold prices fell across major jewellery brands on Monday, September 28, 2026. Meanwhile, gold prices in the international and domestic markets have also come under pressure, with analysts pointing to rising bond yields, interest-rate expectations and continued uncertainty around the Strait of Hormuz.
India remains net importer of finished steel in Apr-Aug; buys commodity worth Rs 36k crore
India imported finished steel worth Rs 36,193.9 crore from April to August in the fiscal year. The country saw a 29.5 percent increase in finished steel imports during this period compared to the previous year. In August alone, India imported 0.72 million tonnes of finished steel worth Rs 7,863.1 crore, which was a nine percent rise.
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