The Industry Authority appeals to members not to store vegetable oils
In light of the fluctuations in international oil markets due to the Ukraine-Russia war and the resulting uncertainty over imports, the Solvent Extractors Association of India on Tuesday appealed to its members to strictly adhere to the stock limit stipulated in the Storage Control Order and also to refrain from raising the maximum retail […]
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Return of foreign financial institutions: valuations attract foreign capital after a six-month hiatus
Attractive valuations, as well as a downward correction in commodity prices, led to an influx of FII funds into the Indian stock market. The market has seen an inflow of over Rs 7,000 crore (provisional data) from investments since late March until now. This comes after foreign investors sold over Rs 40,000 crore […]
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Markets are approaching a two-session high; HFDC Twins Slip On Profit Reservation
Stock indices took a hit on Tuesday after two days of sharp moves as investors booked gains in banking and financial shares after their recent rally. The HDFC twins, who topped the chart of winners in the previous session after announcing their massive merger, were the biggest hitters on Tuesday. Traders said investor […]
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Parl Committee asks Sebi Chairman about the status of the case related to the former NSE MD
On Tuesday, Parliament’s Standing Committee on Finance asked for details of SEBI’s actions on a range of issues. These include the investigation status of various vulnerabilities on the National Exchange (NSE), Paytm’s issue price and the functioning of cryptocurrency exchanges, said people familiar with the matter. Madabe Puri Bukh, Chairman of the Securities and […]
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What could Elon Musk’s investment in Twitter crypto plans mean?
What could Elon Musk’s investment in Twitter crypto plans mean? When Elon Musk does something on Twitter, the crypto market moves in response. Posting a tweet, changing his profile picture or adding “#bitcoin” in his bio is affecting the markets – the latter even more so, sending the price of Bitcoin (BTC) up 20%. This […]
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Urgent: MacroStrategy Buys Bitcoin Drop
Macrostrategy invested in low As usual, when Bitcoin in the past 24 hours fell below the 46 thousand levels . The company’s CEO, Michael Saylor, said minutes ago via a tweet on Twitter that the company bought back the low Bitcoin. Saylor said MacroStrategy bought about 4,167 additional bitcoins for $190.5 million at an average […]
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Global coffee market records a deficit of 3.1 million bags in the October-September season: ICO
LONDON (Reuters) – The global coffee market will run a deficit of 3.1 million bags in the 2021/22 season (October-September) as Brazil, the largest coffee producer, harvests a smaller off-season crop, the International Coffee Organization said. In its March monthly report. However, the intergovernmental body warned that the market balance could change significantly […]
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Gold is largely unchanged as Ukraine risks facing higher US Treasury yields
Posted by Suhair Darin (Reuters) – Gold held steady on Tuesday as safe-haven demand spurred by the prospect of new sanctions on Russia countered rising US Treasury yields and expectations of a Federal Reserve interest rate hike. Gold XAU = spot, largely unchanged at $1,931.61 an ounce by […]
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DCX Systems offers draft papers with Sebi to raise up to Rs 600 crore via IPO
DCX Systems, a leading manufacturer of electronic subsystems and cable harnesses, has filed initial papers with capital markets regulator Sebi to raise up to Rs 600 crore through an initial public offering (IPO). The public issue consists of a new issue of equity shares, totaling up to Rs 500 crore, and an offer […]
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HDFC Twin shares see significant selling pressure; Settling approximately 3% down
Shares of the HDFC Twins on Tuesday saw heavy selling pressure and settled down nearly 3 percent amid profit taking at higher valuations, ending up as the biggest losers on both benchmarks. Shares of the real estate lender HDFC ended the day at Rs 2,622.00, down 2.12 per cent from the previous close, […]
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