The sessions court on Thursday extended the police custody of the Financial Technologies and Multi Commodities Exchange (MCX) promoter Jignesh Shah and former managing director and chief executive of the commodity exchange Shreekant Javalgekar till May 19.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
It has been three years since it has been opened to retail investors, but few have taken to it. A primer for those prepared to dive in to find the pearls.
Experts recommend buying gold as the fundamentals supporting a rally have not changed.
India has imposed several restrictions on imports of gold, the biggest non-essential import item, to curb a record trade deficit.
March was the worst month for gold imports because of a strike by jewellers over the imposition of an excise duty.
Mandatory hallmarking of gold would be a positive in making the gold market more organised. Mandatory hallmarking would come into effect from January 15, 2020, with a one-year transition period for trade to sell existing inventories. Experts also expect more policy measures next year to bring in more transparency in terms of gold as an asset class.
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.
The duo bought additional shares in pharmaceutical companies Lupin and Jubilant Life Sciences, along with Agro Tech Foods and NCC during Q2FY21
This has steered a rally in global equities and dollar Index also ticked higher, trading near its four year high.
Reversal is because of strengthening rupee, subdued demand, and lack of reasons for bulls to continue positions and speculation of reduction in import duty.
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.
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.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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.
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.
'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.
The National Stock Exchange, Bombay Stock Exchange, MCX Stock Exchange and United Stock Exchange have been invited for the August 6 meet.
Capital markets regulator Sebi Chairman U K Sinha advocated the listing of bourses and greater competition among exchanges.
The stock market historically exhibits volatility on Budget day.
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.
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