March was the worst month for gold imports because of a strike by jewellers over the imposition of an excise duty.
India has imposed several restrictions on imports of gold, the biggest non-essential import item, to curb a record trade deficit.
Shah and Javalgekar were arrested on May 7.
An interview with Jignesh Shah.
Jignesh Shah had to give up his MCX cash cow and his personal assets have been attached.
The government should partner with commodity exchanges such as MCX.
Reversal is because of strengthening rupee, subdued demand, and lack of reasons for bulls to continue positions and speculation of reduction in import duty.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
This has steered a rally in global equities and dollar Index also ticked higher, trading near its four year high.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The all-time high price of silver is Rs 75,000 a kg, recorded in April 2011.
This article reviews what happened at NSEL, according to information available in the public domain, and reiterates what could be done to reduce the risk of similar scams.
The three stock exchanges -- NSE, MCX-SX and USE -- had cumulatively recorded a currency derivative turnover of Rs 7.42 lakh crore (Rs 7.42 trillion) in July, which was down 42 per cent from the preceding month, as per the latest data compiled by market watchdog Securities and Exchange Board of India.
Some term it as "good for capital market", while others saying it is not "market friendly".
In his order, SEBI member dealt with the "fit and proper" criteria of the exchange promoted by Financial Technologies (FT) and Multi Commodity Exchange (MCX) and their founder Jignesh Shah.
Jignesh Shah, the outsider intent on crashing the party, is in danger of losing his empire.
It will be the first to go, in what has become an overcrowded segment since India first allowed futures trading in commodities in 2003.
The Forward Market Commission's steely resolve to curb speculation in various agri items like guar futures and the MCX becoming the country's first commodity exchange to be listed were some of the positives during the year.
Investors have turned cautious and parked their funds in less risky and fundamentally strong stocks ahead of the second-quarter earnings season.
Jeweller and importers were awaiting the correction to stock the yellow metal for upcoming marriage season.
Though retail demand was weak, jewellers were restocking for Pongal festival.
No reason was cited for rescheduling of the meeting.
Sensex has six while Nifty has only 10.
Gold, silver, copper hit multi-year lows, Brent crude near $100 a barrel.
'We were number one in commodity, currency, electricity, bonds, spot and everything. 'The purpose was to create an accident and then exploit it to eliminate the group. There were so many vested interests and therefore they did this," said Shah.
This is the concluding part of a three-part series, where Aditi Roy Ghatak and Paranjoy Guha Thakurta discus how share prices in India are manipulated and the future of the country's stock exchanges.
The government has cleared 19 foreign investment proposals, including that of Walt Disney Company and Reckitt Benckiser (India), entailing total investment of Rs 2,326.72 crore (Rs 23.26 billion).
Market regulator Sebi on Friday said that shares owned by ex-employees, allotted through ESOPs (Employee Stock Options), cannot be sold for a period of one year pursuant to an IPO by the company.
Such an economic environment tends to be positive for gold, the ultimate safe-haven asset. Since gold cannot be debased by central banks, it naturally gains in value.
The National Stock Exchange, Bombay Stock Exchange, MCX Stock Exchange and United Stock Exchange have been invited for the August 6 meet.
The stock market historically exhibits volatility on Budget day.
Capital markets regulator Sebi Chairman U K Sinha advocated the listing of bourses and greater competition among exchanges.
Indian stock market regulator, the Securities and Exchange Board of India, on Tuesday paved the way for Indian investors to trade in large indices of 24 global exchanges, including that of the United States, Europe and Asia.
Commodity market regulator Forward Markets Commission has banned futures trading in electricity owing to poor volumes of trade.
Recent rise may be nearing peak, analysts say long-term trend remains bullish.
New bourse for currency derivatives the United Stock Exchange of India began operations on Monday and witnessed good volumes in the first hour of trade.
Even as the MCX Stock Exchange and the Delhi Stock Exchange are hoping to launch equity trading on their platform soon, another Mumbai-based exchange, the Inter-connected Stock Exchange is set to follow suit.
Trading volumes in the currency segment today fell nearly 50 per cent and 40 per cent on the National Stock Exchange (NSE) and the MCX-SX, respectively. This followed a levy of stamp duty by the Delhi government on proprietary trades, say market players. Brokers say the consequence of this will also be felt in equity and commodity segments, as Delhi-based jobbers and arbitrageurs will be hit.
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