After the Multi Commodities Exchange (MCX) announced the launch of a new commodities derivative platform (CDP), the capital market regulator Securities and Exchange Board of India (SEBI) requested that MCX “abeyance” the CDP launch. In its formal announcement, MCX disclosed the facts. In response to SEBI’s request, MCX stated that the issue is a technical…
According to news agency ANI, the Reserve Bank of India (RBI) has said that the 2,000 denomination banknote would lose its value after September 30 and become simply another piece of paper if it is not exchanged at a bank. This statement was made a day after reports said that the deadline for returning 2000…
Adani Power, Reliance, and ICICI Bank: Adani Power’s current bullish trend is encountering a slight roadblock at the Rs 400 level, but the bias is still very positive as long as the support of Rs 350 is categorically rejected. Domestic stock indices reversed course on Thursday, closing substantially lower after the October series F&O contracts…
Australian Dollar: NEAR-TERM TECHNICAL UPDATE FOR THE AUSTRALIAN DOLLAR, AUD/USD, AND AUD/JPY: AUD/USD – Daily Update Recent performance in the Australian Bone against the US Bone and Japanese yearning is setting up an intriguing specialized geography. On the diurnal map below, AUD/ USD surged on Thursday, leaving behind a Bullish Engulfing candlestick pattern. This can…
Pakistan’s currency is on track to be the best-performing currency encyclopedically this month, serving from a government crackdown on lawless bonetrading, reports Bloomberg News. The Pakistani rupee surged nearly 6 percent in September, defying the declines seen in numerous other currencies similar to the Thai baton and South Korean won, which weakened against the US…
Stocks News: IndusInd Bank, Infosis, Suzlon Energy, Container Corp, Vedanta, Shree Renuka Sugars The following are the top stocks that are likely to be scrutinized today: Infosys: According to a press release, the big IT company is collaborating with Microsoft to improve enterprise functions using AI-enabled solutions across several industries. For the purpose of making…
What you need to know about investments, hallmarking, and imports when it comes to the Rate of Silver in India Similar to gold, silver is one of the most popular and widely used forms of investment in India. Knowing the current silver price and keeping an eye on the market circumstances are essential before buying…
The rupee, Through Gaurang Somaiya When statistics revealed that the trade imbalance increased to $24.2 billion in August as opposed to $20.7 billion the month before, it put pressure on the rupee and caused it to fall to new all-time lows earlier in the month. JP Morgan announced at the end of the week that…
The Indian rupee dropped on Monday, losing instigation from JPMorgan’s addition of Indian bonds in its indicator, amid pressure due to bone demand from importers and high U.S. yields. The rupee was at 83.12 against the U.S. bone by 1100a.m. IST compared with 82.93 in the former session. The bone indicator was largely flat in…
Stocks to buy this week- The Nifty 50 has been in the red in the last five trading sessions, falling nearly three percent. This decline is due to concerns that the Fed’s interest rate hike is not over and that interest rates will remain high longer than expected. This situation is expected not only to…
