Our markets have ended up in the profits even though trade war fears, FIIs sales, and our rupee weakness compared to the US dollar. The main reasons for profits.
- Investors are purchasing Fertilizers and Agri-based company shares because the government raises minimum support price of kharif crops.
- Fertilizer-based companies such as Coramandal International, Deepak Fertilizers, and RCF shares receives the purchase support.
- Agricultural-based companies such as Kohinoor Foods, El Foods, and Chaman Lal Sethia shares receives the purchase support.
- FMCG shares are in positive by rainfall forecast
And IT and Pharmaceutical shares also supported by the rupee weakening.
Commodity and Forex Markets
- Gold price rose where as Silver and Crude Oil prices are fall slightly.
- Our rupee weakened by 0.41 paise against the US dollar.