Data recap: Silver rally, travel index, Q4 earnings and more

livemint.com:

₹90,000-mark, fuelled by a parallel rise in gold and copper prices, but market watchers warn of a pullback. India Inc's corporate results have been a mixed bag so far with banking and financial services firms dominating much of the topline growth and profits. The price of silver on India's commodity exchange, MCX, has surged past ₹90,000 per kg.

The rally has led to speculations among market stakeholders that any increase toward the psychological ₹1-lakh level could result in a profit-booking spree, Mint reported. The white metal has risen 26% from ₹73,501 a kg to a record ₹92,475 in the year so far, MCX’s spot price index shows. India relies on imports of silver to meet domestic demand.

For most years since 2018, supply has been higher than demand, indicating that India has consistently maintained a net import position for the white metal. Despite a slowdown in India's exports in 2023-24, some sectors emerged as bright spots. Engineering goods, with a 25% share in the export basket, saw a modest 2.1% increase in value terms, commerce ministry data showed.

With a combined share of 14% in exports, electronic goods and pharmaceuticals saw annual growth of 23.5% and 9.7%, respectively, in the previous fiscal. Meanwhile, exports of petroleum products (18.6% share) and gems and jewellery (7.6% share) declined by 11.8% and 13.8%, respectively. ₹2 trillion: That's the value of stressed or non-performing assets (NPAs) that India's ‘bad bank’ aims to take over by the end of September, a Mint report said.