Indian Tech Stocks Rally Has Legs As Earnings Outlook Improves
Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. Indian stocks are likely to extend their winning streak to the third consecutive session, as the mood in global markets remains upbeat. There could be volatility because of the expiry of both monthly and weekly derivatives contracts on the Nifty 50 Index.
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14 minutes ago
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Possible Increase in India's Sugar Exports Weighs on Prices
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More News from Barchart Coffee Prices Rise on Frost Threats in Brazil Frost Threats in Brazil Push Coffee Prices Sharply Higher Signs of Weak Chocolate Demand Undercut Cocoa Prices Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! The outlook for higher sugar production in Brazil is also weighing on sugar prices. Datagro said Monday that dry weather in Brazil has encouraged the country's sugar mills to increase their cane crushing, diverting more of the cane crush toward more profitable sugar production rather than ethanol. According to Covrig, Brazil's sugar mills are expected to crush 54% of the available cane in the first half of this month, likely adding 3.2 MMT of sugar into the market. The outlook for higher sugar production in India, the world's second-largest producer, is bearish for prices. 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CNET
15 minutes ago
- CNET
These Faulty Solar Panels Might Get You a Payout. See if You Qualify
Did you ever buy Sanyo brand solar panels or move into a property that already had them installed? Well, if you noticed them getting less effective at producing energy, you might still be able to join a years-old class action settlement that's still accepting claims. Sanyo has been kicking around the electronics market for a long time, making everything from transistor radios to TVs to solar panels for decades. Founded in Japan in the 1940s, it was acquired by Panasonic in 2009 and formally dissolved into that consumer electronics giant by 2011. However, the brand name still matters for various reasons, one of them being a settlement to resolve a class action lawsuit accusing Sanyo and Panasonic of failing to cover a known solar panel defect under its 20-year warranty. While neither Sanyo nor its parent company acknowledged any wrongdoing, the settlement was agreed upon and received final approval in court all the way back in the summer of 2021. Can solar panels save you money? 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