Benchmark indices finished higher on hopes of economic reforms
Australia captain Tim Paine said he is 'relishing going head-to-head' with his Indian counterpart Virat Kohli in the ongoing Test series.
'Indian markets may initially react and follow the pattern of US and other global markets post US elections.'
In a significant development, India's National Commodity & Derivatives Exchange Limited on Thursday launched its futures contract for Certified Emission Reduction. Forward Markets Commission, chairman, B. C. Khatua inaugurated the launch at NCDEX Exchange Platform. The CER contract of NCDEX will be traded in multiples of one lot of 500 CERs each.
Electricity could soon be bought and sold just like equity shares and commodities with Central Electricity Regulatory Commission initiating the exercise for setting up a power exchange in the country.
Select leading markets like Bombay Stock Exchange, National Stock Exchange, forex and money market will remain closed on December 25, on account of Christmas.
While some bankers said that responses to the Sebi are being delayed deliberately in some of the cases in view of the turbulent market conditions prevailing on the bourses, those associated with some of these deals said these are 'routine' clarifications and would be responded in the due course. According to the latest processing status as on March 14 of draft offer documents filed with Sebi, clarifications are currently awaited from lead managers in relation to 20 IPOs.
Forex dealers said strength in euro against the US dollar overseas and increased capital inflows supported the rupee.
"The National Exchanges were directed on July 23 to ensure that multiple client codes are not given to a single client," Forward Markets Commission said. A separate sting or suffix may be provided after the unique client code to represent different characteristics and branches of the client, if any, it said, adding that these directions would come in force from January 2009.
A major payment crisis involving Rs 5,600 crore (Rs 56 billion) broke out at National Spot Exchange last year.
The BSE mid-cap Index will include shares of Allied Digital Services, Cals Refineries, Century Plyboards, Gammon Infra, Hindustan Oil Exploration, Indiabulls Securities, Jai Balaji Industries, Jet Airways, Jindal Drilling, Puravankara Projects, Rain Commodities, S Kumars Nationwide, Shriram City Union Finance, Thermax and Thomas Cook India.
India's gold imports contracted by 18.4 per cent year-on-year to Rs 71,912 crore in theApril-June quarter of the current fiscal.
According to the report, benchmark gold ETFs have increased to 2.03 tonnes in May from 1.5 tonnes in the corresponding period last year. Whereas gold ETFs at UTI, Reliance Capital and Kotak remained at 1.32 tonnes, 1.23 tonnes and 0.34 tonnes respectively during May period, it said.
Crypto-assets are essential to blockchain technology, which has the potential to be one of the next major growth drivers for the software ecosystem in India. A prohibition would nip this opportunity in the bud, say Vaibhav Parikh and Jaideep Reddy.
While the BSE's asking valuation is reasonable, compared to peers, there are some factors that long-term investors need to consider before investing.
NSEL had earlier suspended trading and merged the settlement cycles of all one-day forward contracts.
A continued focus on low inflation will be important to keeping gold imports, IMF said.
The all-time high price of silver is Rs 75,000 a kg, recorded in April 2011.
The contract would be quoted in 20-kg lots and have a ticket size of Re 0.10. On the expiry of the contract, Shankar Kapas would be delivered from Rajkot, Kadi, Guntur and Akola.
The best part is that an investor gets price appreciation and earns interest income as well, which is unique only to sovereign gold bond.
The dollar index eased 0.05 per cent to 98.69.
With each passing day, the dollar keeps sinking lower against both the euro and the Japanese yen. In the process, prices of individual assets get carried way beyond the levels justified by economic fundamentals. Prices of 'risky', that is non-sovereign, bonds have also been falling rapidly. Confidence in dollar markets has sunk very low, and is getting reflected in the prices of currencies and bonds. The US treasury has still not changed its 'strong dollar' policy.
The India growth story is still intact, and fall in the Indian stock markets is an imported one and if the government succeeds in legislating the GST and Land Bill, India could yet emerge as a winner believe stock market experts
Investor forum wants govt to take over exchange, raises doubts on claims of matching stocks; NSEL says default by brokers to be dealt with legally.
Jignesh Shah, the promoter of Financial Technologies India Ltd, on Wednesday resigned from the board of MCX Stock Exchange, amid continuing Rs 5,600 crore (Rs 56 billion) payment crisis at group company NSEL.
The government has also allowed individuals from the private sector to apply for the post
The Rs 5,600-crore (Rs 56 billion) NSEL scam could have been averted had its top management and other functionaries "performed their duties and exercised due diligence" to check the dubious activities of defaulting firms which have been alleged to have cheated numerous investors, investigation by Enforcement Directorate (ED) has revealed.
As lobbying and counter-lobbying intensify, right now, it looks like a T20 match, discovers Tamal Bandyopadhyay.
Weakness in Infosys, L&T and Hindalco cap index gains.
Indian companies have now started looking at the Singapore Stock Exchange for fund raising and listing. The SGX became a shareholder in the Bombay Stock Exchange last week.
'It could tempt investors to pick stocks that are not fundamentally sound.'
India's largest commodity bourse MCX is likely to launch its up to Rs 750 crore (Rs 7.5 billion) initial public offer (IPO) by month-end, becoming the first ever exchange in the country to get listed.
The order, concerning debentures issued by two group companies, is subject to Supreme Court clearance
If prices remain low the next decade might well see global trade stagnate.
Fin Tech raises Rs 450 cr through FCCBs.
A fleet of eight JF-17 Thunder fighter jets -- jointly made by the two countries -- will escort the Chinese president once his plane enters the Pakistani airspace.
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