Market and Business News

- Gold prices fall by Rs 700 per 10 grams: Oil-gas, FMCG stocks tumble: investor wealth rises by Rs.3.84 lakh crore to Rs113.48 lakh crore Mumbai, Mar 31, 2020, Tuesday Despite clear signs of global economic degradation following the ongoing crisis in the Sensex Corona epidemic, efforts to curb oil prices by negotiating with Crude OilResia led to rising crude prices and a move by the Central Government-Reserve Bank of India to launch a new wave of fire. FMCG, Banking-Finance The Sensex jumped 4.1 points and the Nifty spot jumped 4.1 points to close the quarter, with the local funds continuing to take short cover with the arrow. The US dollar against the rupee today rose five paise to Rs. Crude oil international prices rebounded from a low of 5 years today to a nine-month high of $ 5. After the global market, gold prices in Mumbai fell by Rs 5 per gram. Short-term gains were seen in FMCG, IT-software services, pharmaceuticals, consumer durables, metal-mining, automobile stocks. The ...

Ahmedabad. 31 March 2020, Tuesday The Sensex was the second-highest quarter last year, with the highest quarter in the January-March 2020 quarter, following pressure from heavy selling by Chommer in the Indian stock market, amid a backlash from the global economic crisis triggered by the global economy. General Chat Chat Lounge Global economic downturn has led to the erosion of billions of dollars of investor capital globally as stock markets around the world, including the United States, Europe, and Corona virus infestations are on the verge of collapse. However, the Sensex reached a historic high of 42273.80 in the early months of January following favorable reports. But behind the hostile reports cited above, the Sensex slumped down from its historic peak during the January-March quarter, down from 25638 at the bottom of the massive panic selling. Thus, in the proposed quarter, the Sensex recorded a 31 per cent historic gain. On the other hand, the NSE's Nifty figure on the...

(Commerce Rep) Mumbai, Ta. 31 March 2020, Tuesday Prices of gold plummeted in the gold and silver market today. When the decline in silver was ahead. World market news showed a decline in the sale of funds amid rising prices in precious metals. Funds were easing as the gold index rebounded in the global market. Meanwhile, the price of 10 grams of gold without GST in Mumbai market fell by Rs 43,700 to 99.50 and closed at Rs 43,000 today. 99.90, while it was down by Rs 43,876 to close at Rs 43,173. In the Mumbai market today, silver prices closed at Rs 39,500 with a GST of Rs. Gold prices in GST were three per cent higher than this one. Silver fell to $ 14 an ounce. Platinum was down $ 721. However, palladium's rebounding prices today hit the $ 2300 level, hitting $ 2,314 an ounce. The dollar closed five paise higher at 75.67 heading today in the Mumbai currency market. The British pound fell 24 paise to Rs 93.53 and the euro dropped 77 paise to Rs 82.78. Brent prices jumped $ ...

Mumbai, Ta. 31 March 2020, Tuesday As the world of Corona epidemic shook, conditions were deteriorating on a daily basis, including in the Americas, Spain, Italy, while international oil prices fell below $ 20 an 18-dollar mark in global markets yesterday as efforts to prevent falling prices from an agreement with Russia continued to fall. Rapid recovery was observed today after erosion. Despite the 21-day lockdown across the country, with clear signs of economic decline, efforts to curb oil prices by negotiating with crude oilsea and this economic turnaround led to a historic new sinking loan-NPA bank, despite the government's decision to create a bank. The fund has re-opened today with the possibility of providing new big concessions Banking-finance stocks led by e-gas stocks were short-listed with short cover and FMCG, IT-Software Services, Pharmaceuticals, Consumer Durables, Metal-Mining, Automobile stocks were short-sighted. The US dollar against the rupee rose five paise ...

New Delhi, 31 March 2020 Tuesday The World Bank has given another jolt to China, which is facing Corona troubles. The World Bank estimates that the economic slowdown in other eastern countries, China, is likely to be very slow due to the Corona epidemic. Millions of people will move closer to poverty. The bank expressed skepticism in a report released Monday. The growth rate this year may be 2.1 percent According to the report, the growth rate in the region this year could be 2.1 percent, which was 5.8 in 2019. The bank estimates that more than 1.1 million people will fall below the poverty line. This estimate is contrary to previous estimates. It was said that this year the growth rate will be sufficient and 3.5 crore people will rise above the poverty line. It said that China's growth rate will decline from 6.1 last year to 2.3.

New Delhi, 31 March 2020 Tuesday The Sensex fell 5 percent in March, the worst performance in history. The Nifty also fell 5 percent, the worst performance of any March. Similarly, for the three months to January-March, the Sensex has declined by 5.7%, the largest decline of any quarter in history. The Nifty has declined by 5.9 percent, the worst quarter since the quarter of June 3, when it declined by 8.5 percent. The Sensex fell 5 percent in the 5th. The Nifty fell 5 percent and Sensex fell 5 percent in FY 6-8, the worst performance in the last ten years. In the past, the Sensex has declined by 5.7% and the Nifty by 8.5% in 1-3. The Nifty-1 and BSE-6 index comprises a total of 5 companies with shares of 5 companies whose prices have fallen by more than half. Such companies include IndusInd Bank, RBL Bank, Bandhan Bank, Indiabulls Housing Finance, PNB Housing Finance, Vedanta, Hindalco, Zee Entertainment and Tata Motors. In addition, there are shares of the 3 companies with a de...

New Delhi, 31 March 2020 Tuesday From April 1, the number of government banks will be reduced to 4 due to the merger of ten banks. With that, the total number of government banks in India will be reduced to 12. 55,250 crore will be given to these banks. Out of that, Punjab National Bank alone will get Rs 16,000 crore. Orient Bank of Commerce and United Bank of India will merge with Punjab National Bank. After the merger, it will become the second largest bank in the country with 17.95 lakh crore business and 11,437 branches. From April 1, the number of government banks will be reduced to 4 due to the merger of ten banks After Canara Bank merger with Syndicate Bank, it will become the fourth largest public sector bank. Its capital will be Rs 15.20 lakh crore. It will have 10,324 branches in the country. Besides, Union Bank of India, Andhra Bank and Corporation Bank will be a bank together. It will be the fifth largest public sector bank in India with a turnover of Rs 14.59 lakh cro...

- Investors' assets in stocks fell by Rs.2.85 lakh crore a day to Rs109.64 lakh crore. (Commerce Rep) Mumbai Ta March 30, 2020, Monday The global pandemic may have resulted from the global epidemic caused by the Corona virus and the deteriorating situation in the United States after Spain, Italy, and after the Moody's, the S&P Global Ratings Agency lowered India's GDP growth estimates, leaving Indian stock markets volatile. In the midst of the problem of huge new sinking loan-NPAs in the banking-finance sector in India and many companies defaulting, heavy selling of foreign funds in banking-finance stocks today smashed the Sensex by 1.8 points to 9.5 and Nifty 9.5 points. Had come. In a single day, the assets of investors fell by Rs 1.5 lakh crore. The Indian rupee had lost 5 paise to 1.8 today against the US dollar. The global depression caused crude oil international prices to fall below the 5-year low at $ 5 a barrel, and Brent crude for $ 5. Negative Asare Fund...

Those who have been blessed with the blessings of Corona include Rana Kapoor of YESBANK, Subhash Chandra of Essel Group, Anil Ambani of Reliance Communication, Naresh Goyal of Jet Airways, Chanda Kochar, Sameer Gelat of India Bulls. Some problems prove to be a blessing to some people. The corona virus has become a threat to the entire world, while it is proving to be a blessing to the country's economic scandals. The government was dragged to the court by those who dumped the country's economic arena, and cases have been filed against each such as money-laundering or FEMA (Foreign Exchange Management Act). A preliminary investigation seems to be going on in the case against everyone and Nick eating the prison air. But they have been exempted for the next two-three months. Which can be called a concession exemption. In a nutshell, the lockdown announced by the Corona virus has become a lifeline for scandals. These are the big names in the scams. Ravi Kapoor of YESBank, Subhas...

Mumbai, Mar 30, 2020, Monday Silver prices were pressing in the domestic spot on the back of precious metal gold prices in the world market, while prices in gold closed moderately high. The rupee had depreciated against the dollar and gold continued to rise. Silver, however, saw a softer trend due to lack of demand. Quad oil prices, on the other hand, were at an 18-year low. As the world is in full swing of coronaviruses, the precious metal gold and gold trade has not seen much enthusiasm and volatile trade is taking place. Due to the lockdown in the locality, trade is not working but benchmark prices are being announced. At the local jewelery market, the price of gold 99.50 which was Rs. 99.90 Gold price was Rs 43750 with the day being Rs 43876. The low was seen at Rs 43298. The rupee was closed at Rs 3,500 today, with a loss of Rs. Gold in the world market, which closed at $ 1628 an ounce last week, was trading at $ 1612 late this evening while $ 14.47 an ounce was traded at $ 13...

(Gujarat News Representative) Mumbai, Mar 30, 2020, Monday With a 21-day lockdown nationwide as a result of the coronary epidemic, now-a-days casualties are reported in Spain, Italy, from anywhere in the world, and more than 500 people die in the United States, with more than two million deaths worldwide. Bharati with the global markets today with a clear indication of Rana Jack was renewed stock market crash. In the wake of this economic downturn, the fund has again taken a huge offloading of banking-finance stocks today, deciding to create a historic new sinking loan-NPA in the banking-finance sector. In addition, international rating agency Standard & Poor's (S&P) in its report reduced India's economic-GDP growth estimate for Fiscal Year 2021 from 5.2 per cent to 3.5 per cent now. The US dollar rose 76 paise to 75.75 against the rupee today. Brent crude prices fell $ 1.91 per barrel to $ 23.02 and Naimex crude fell $ 1.03 to $ 20.48 this afternoon, with internation...

Mumbai, Ta. 28 March 2020, Saturday Due to the impact of Covid-I, the country's forex reserve has witnessed the biggest weekly decline in the last five years in the week ended March 8. The forex reserve fell $ 1.8 billion over the weekend of March 7, the Reserve Bank data showed. The RBI had to intervene to curb the rupee against the dollar and sell it to increase the flow of the dollar. As a result of heavy selling in the capital market, the rupee has fallen at a historic low. The possibility of erosion in the forex reserve is not ruled out in the coming weeks. Global funds are investing in safe investments by withdrawing their investments from emerging markets. At the end of March 1, the country's forex reserve had fallen to $ 1.8 billion. Earlier in the global financial crisis of 2, forex reserves fell by $ 2 billion in the week of October 9. At that time, as the money markets collapsed, global fund houses had taken over from emerging markets. Global funds are avoiding r...

Mumbai, Ta. 28 March 2020, Saturday Due to the lockdown, the auto component industry of the country is losing Rs 5 crore daily. In view of this fact, the automotive component manufacturers association of the industry has demanded from the government to declare a financial package for the industry. The current situation is unprecedented and the component industry is making every effort to protect the interests of its employees. Component production units have had a direct impact on the completion of the vehicle production, which has also caused a huge strain on Wakag Capital. It will be difficult for the industry to survive if the government does not disclose appropriate measures in a timely manner, a statement issued by the association said. It has also demanded that the EMI for loans be extended to one year. It has also been introduced to the government to provide concessions in electricity rates and demurrage charges. Products have been implicated in auto companies across the co...

Look at the February figures for infrastructure, the March PMI figures, the auto sales figures. Mumbai, Ta. 28 March 2020, Saturday Corona epidemic has engulfed the world, and in many countries of Europe, America, Asia, the epidemic has also put the world in a very dire situation and put it in an economic catastrophe. It is currently impossible for anyone to say when the epidemic will stop. With a huge loss of lives due to the collapse of the world class economically, countries in the US, Europe, and Asian countries have been forced to announce billions of dollars worth of huge financial aid packages, including last week's Indian government fighting a corollary of Rs 1.5 lakh crore. The poor have to declare help to be helpful. With this crisis, taking into account the difficulties of the middle class in the country, three months of relief in loan EMI repayments and major reductions in repo rate and CRR to increase monetary liquidity in the system have taken praiseworthy steps to...

Mumbai, 27 Mar 2020, Friday Due to the corona epidemic, the central government has declared a 21-day lock-down and the government has ordered the closure of other businesses by continuing government essential services. Demands the government to extend the end date of -20 from 31st March, 2020 to 30th April 2020. The Chairman of the Central Board of Direct Taxes has been presented in writing to the Chairman of the Central Board of Direct Taxes by the United Council of Income Tax Employees Federation and the Income Tax Gazetted Officers Association. It has suggested measures to prevent the spread of corona virus among employees of the Income Tax Department. The presentation states that the government has taken precautionary measures to prevent corona viruses, which in our department are taking some other steps as per the government's guidelines, providing personal / hygienic material needs to some regional / station employees. But in many offices across the country there is a w...

Ahmedabad, Mar 27, 2020, Friday Individual investors with high net worth (HNI) in the last 15 days on the other side of the Sensex plunged to the bottom of the stock market following pressure from the stock market in March, following other adverse reports, including the outbreak of the Corona virus outbreak across India. More than 1390 crore have been invested. Other adverse reports, including the outbreak of the Corona virus, which hit the market in global markets in March as well as the pressure on the Indian stock market, following the sell-off from Chomer, the Sensex collapsed to an all-time low of 30000 on March 16. After the Sensex plummeted, analysts and investment managers advised individual investors with high net worth to invest in lower-priced preferred bluechip stocks. On the other hand, the market has seen a serious improvement of 15% in the last three days following the relief package announced by the government. Thus, in the wake of this flexible exercise, individua...

- Nifty spot jumped 397 points to start at 9038, increased 19 points to 8660: Profit bookings after huge boom in banking stocks: Rs 356 crore purchase in FPIs / FIIl currency cash, Rs 1,704 crore shares in DII cash. (Gujarat News Representative) Mumbai, Mar 27, 2020, Friday The Reserve Bank of India today announced a 0.75 percent reduction in repo rate and a one percent reduction in CRR to help people in the economic crisis facing the country from Corona epidemic, with the relief of middle class, allowing banks to postpone three months installment of EMI-loan of people's auto, home loan. Reduce business liquidity by reducing the cost of lending to business entrepreneurs by reducing the liquidity of the system The intra-day Sensex today plunged 31,000 levels and the Nifty 9000 levels in Indian stock exchanges announcing measures to increase. Of course, the last day of the week and the last three trading days saw the stock shortening and valuing the funds, the traders who saw prof...

Unemployment claims in the United States rise to a record 32.8 million Rs. Impact of huge short cover of funds at end of March 1.70 crore crore corona relief package and March trend (Commerce Rep) Mumbai, Ta. March 26, 2020, Thursday The 21-day lockout announced in India on the crisis of the Corona pandemic, with huge short cover of funds at the end of March trend in the massive package and futures and options (F&O) stock market announced by Finance Minister Nirmala Sitharaman today to relieve the poor of the country. Sensex today traded intra-day 30000, with volatile stocks gaining momentum after volatility for the second consecutive day. Ati skipped 1410.99 points at 29946.77 and diving spot Nifty surged by 323.60 points at 8641.45. The rupee had jumped 73 paise to 75.15 against the US dollar for the second consecutive day today. With global crude oil prices resting, rising global crude prices pushed Brent to between $ 26 and $ 28, and Naimax hit between $ 23 and $ 24. Alth...

- They cannot even compete with retail market prices which have lost their connection with the wholesale market. The Corona virus has brought new life to the grocery stores (grocery stores). The rise of e-commerce has hit sales of grocery stores and small shoppers. But the entry of Corona has made water on behalf of e-commerce. 21 days of shutdown have hit ecommerce sites Thus, e-commerce has been on the rise for the past two months. There were frequent site delivery menus, but now no action. Mata heads such as Amazon, Flipkart, Grofrus, Big Basket have been stopped from working in India. The 21-day lockdown is directly impacting their sales. Milk with Big Basket is ready to be distributed but cannot be easily delivered. Avid Dasha is also a food delivery Swiggy and Zomato. These companies have thousands of orders pending but due to lockout they do not receive the goods. They cannot even compete with retail market prices which have lost their connection with the wholesale market. ...

(Gujarat News Representative) Mumbai, Ta. March 26, 2020, Thursday The 21-day lockout announced in India due to the corona pandemic, funded at the end of March trend in futures and options (F&O) in the massive package and stock markets announced by Finance Minister Nirmala Sitharaman today for relief to the poor of the country from 21 days till April 14, 2020. Continuous huge short coverings pushed the stock up all round. Although this huge package was announced today to help the country's poor with food grains, the profit booking for stocks was seen at one point today as the economic package for industries, corporate India will be announced later. With the continued short-covering of foreign funds, the index-based boom was again booming, with the Bottom Prices boom in the fund's good stocks becoming widespread as the fiscal year 2019-20 ended. Earlier in the day before the Indian government launched this package in the US, two US $ 2 trillion huge stimulus package as par...

New Delhi, March 26, 2020 Thursday The stock market was also bullish on Thursday. After the US, the stock market gained momentum amid a package announcement for the economy in India. The Bombay Stock Exchange's 30-share index rose 1410.99 points to close at 29,946.77, The National Stock Exchange's Nifty gained 323.60 points to close at 8641.45. Shares of IndusInd Bank gained 44.67% on the Sensex. Apart from IndusInd Bank on Sensex, Bharti Airtel, L&T, Bajaj Finance, Kotak Bank, Bajaj Auto, Hindustan Unilever, HDFC Bank, ITC, Infosys, Hero MotoCorp, HDFC, Titan, PowerGrid, ONGC shareholders. Only Reliance, Sun Pharma, Tech Mahindra, Maruti stocks closed at the red mark. Shares of IndusInd Bank rose 46% on the Nifty. In addition, shares of LT, Bajaj Finance, Bharti Airtel and Hero Moto Corp were the biggest gainers, while shares of Gail, HCL Tech, Sun Pharma, Tata Steel and Tech Mahindra were down.

  - Finance Minister's directorial relief raises Sensex 693 points, Nifty 191 points - Investors' assets in shares increased by Rs.1.83 lakh crore to Rs.103.70 lakh crore. - Dow Jones opens 1230 points in the US, Nasdaq rises 350 points Mumbai, Ta-24 Mar 2020, Tuesday As the Corona epidemic has pushed the world into a major crisis, the global stock markets and commodities markets have risen sharply following the historic erosion in March, short of the global economy, which also crippled the global economy. Sensex jumped 692.79 points and closed at 6,674.80, 26,674.80 and 26.66.80, with the US announcing a huge bond binding program by announcing a huge bond binding program to save the country from the economic crisis caused by Corona Crisis. With this, gold and silver were gaining momentum in the world market in just one day. Gold prices jumped by $ 100 per ounce in the world market, with a record one day rise of Rs 1,525 per 10 grams in India and Rs 3475 per kg in s...

Washington, Ta. 23 March 2020, Monday American companies fear an estimated $ 3 trillion hit due to the coronavirus, a report said. It is possible for US private and government companies to lose an estimated $ 3 trillion at this stage. This is a horrible reduction. If these damages are not minimized, the impact will be long-lasting. Considering the impact Corona is having around the world, it is likely to have a $ 3 trillion impact on world trade, the report noted. Against this backdrop, American companies may have to cut their capital costs by $ 2 billion. Which accounts for about four percent of its gross domestic product. In addition to capital expenditures, US companies may have the opportunity to reduce $ 2 billion in costs behind buybacks and mergers and acquisitions, which is expected to be about 5 percent of its GDP. As a result, there will be forced employment cuts. The report noted that estimates of the movement of equity markets, how much the demand could be maximized, an...

Pune, Ta. 23 March 2020, Monday Despite the coronavirus affecting global sugar prices, India's sugar exports from Indonesia will increase due to the increase in demand for sugar from Indonesia, told the Indian Sugar Mills Association (ISMA). In the current sugar season, by March 1, sugar mills have dispatched one lakh tonnes of sugar for export, according to a list issued by ISMA. According to market sources, sugar mills have so far contracted to export 3 to 5 lakh tonnes of sugar. The serious global situation that has arisen due to the coronavirus has affected the prices of sugar but the effect will be temporary, Isma said. Has arisen. Considering this fact, India's sugar exports will soon increase, Isma claims. Sugar withdrawal from the mills has dropped in the last fifteen days due to coronavirus. With the export sugar supply almost exhausted, the withdrawal from the mills is expected to resume shortly. With the drop in demand for sugar, prices can also be firm. In th...

(Gujarat News Representative) Mumbai, Ta. 23 March 2020, Monday The day started with lock-down today. The Sensex continued to tumble from the opening of 27608.80 against the next close of 29915.96, with ICICI Bank, Axis Bank, Bajaj Finance, HDFC Bank, HDFC Limited, State Bank of India and TechCo, among others, along with ICICI Bank. Shares include Power Grid Corp., Larson & Toubro, NTPC, Reliance Industries, Nestlé India, Hindu Sensex, including Saturn Unilever, Titan, Tata Steel, ONGC, Sun Pharma, Bajaj Auto, Asian Paints, UltraTech Cement, Hero MotoCorp, fell 10 per cent lower to 26924 levels. After 45 minutes, it reopened at one point, losing 4035.13 points, to 25880.83, but hammering despite a slight short cover, 3939.72 points was finally closed at four-year low of 25981.24. After the Nifty initial 10 percent circuit, the intra-day 1162 points were reduced to 7583 and then the 1135 points were broken at 7610. The NSE Nifty spot opened at 7945.70 against the previous close ...

- The loss of Rs 14.23 lakh crore in the property of investors in the markets is broken (Gujarat News Representative) Mumbai, Ta. 23 March 2020, Monday Corona virus crisis The historic lock-up in Indian stock exchanges has sparked a stir in the wake of the Indian lock-down situation. For the second time in a week, the Sensex-Nifty had a 5% lower circuit, closing the stock markets for 5 minutes. After reopening, the hammering of the fund-raisers was even more pronounced after re-coverings. With China's deadly corona virus spreading pandemics worldwide, many people in Italy, Spain, France, the United States suffer from global worries, and now the rapid rise of Corona virus cases in India has led to the first time in the history of locking down the entire country. With the economy crashing into a historic crisis and the rise of many companies in the coming days Considered to be determined between the country's banking-financial system is not fully clear signs of crumbling Tod...

(Gujarat News Representative) Mumbai, Ta. March 21, 2020, Saturday The world is engulfed in a corona epidemic, it is certain that this epidemic will become a global crisis and will push the entire world into a historic depression. The last week has proved to be the biggest recession for global markets in the wake of the Great Depression, the economic situation of the world's largest and smallest countries. India, too, has been swept away in the corona epidemic this time, and the whole country has a knack for imposing voluntary curfew. The appeal that Prime Minister Narendra Modi has given to Prime Minister Narendra Modi to alert the countrymen of the outbreak in the coming days and to support himself at the Janata Curfew on Sunday, March 22, is getting the support of the people across the country. Given the current situation, the situation is likely to be a major economic crisis for the country in the event of further worsening situation in the coming potentially challenging da...