Market and Business News

MUMBAI: With the festive season and economic activity picking up, retail, agriculture and industry saw a surge in borrowing activity in September 2011. The Reserve Bank of India (RBI) said in a statement that the retail series includes housing, vehicle and credit cards, which grew by 12.1 per cent in September 2012, compared to a growth of 2.8 per cent in September 2020. Retail lending has increased by 19.10 per cent in this month of the current year as compared to September 2020. Housing, vehicles, credit cards, etc. come under segment retail lending. Housing, auto and loans against gold led to an increase in retail credit, banking sector sources said. Lending growth in agriculture and allied sectors stood at 7.50 per cent. According to the Reserve Bank of India, lending to industries has also increased by 2.50 per cent. The festive season starts from Ganeshotsav in the country and lasts till the end of the year. Purchases of vehicles, residences and other equipment are more frequ...

MUMBAI: The Cotton Association of India has set a preliminary estimate of 20.15 lakh bales of cotton production in the new rupee season 2021-3 starting October 1. CAI reduces export estimate by 20 lakh bales The preliminary estimate for the new season is 2.16 lakh bales more than the estimate of 3 lakh bales for the ended 2020-21 season. One bale means 150 kg. Is Rs. The total supply of cotton for the current season, which ends at the end of September 30, 206, will be 3.17 lakh bales of 150 kg each, the association said in a list. At the start of the season, the country's opening stock of cotton was 3 lakh bales. Besides, it is estimated that 1 million bales will be imported in the current year. Domestic consumption of cotton in the current season is also expected to be 3 lakh bales. The export estimate which was 3 lakh bales last season has been reduced to 3 lakh bales for the current season. The country is expected to have a stock of 2.15 lakh bales of cotton by the end of ...

MUMBAI: Indian foreign exchange reserves declined last week on selling by foreign investors and depreciation of the rupee. For the week ended October 9, 2021, the foreign exchange reserves fell by ૮ 206 million to. 20.1 billion. It had risen by ૪૯૨ 1.2 billion to ૬૪ 21,008 billion in the previous week, the same week last year. The reason for the increase in the total reserve fund is the FCA. Foreign Currency Assets (FCAs) fell by 2.50 million to ૯૮ 3.04 billion this reporting week. Foreign currency assets, which account for a significant share of total reserves. Depreciation of global currencies other than the dollar, such as the euro, pound and yen, against the dollar also affects the FCA. Gold reserves also declined by 127 million to ૪૪ 2.31 billion. According to a report released by the Reserve Bank, the SDR held by the IMF has increased by ૭ 2.6 billion to ૯ 16.21 billion. Apart from this, the total reserves of the IMF have increased by ૧ 2.50 billion to 10 million.

(Gujarat News Correspondent) MUMBAI: Local institutional investors and experts, along with foreign portfolio investors (FPIs) who have been rocking the stock market all year round despite the slowdown in other industries and businesses during the last two-and-a-half-year corona epidemic in the Indian stock market, Giving has started to call for a bang in the stocks. Going beyond the fundamentals, the share prices of many Corporate India companies were baroquely raised. The stock market, which has so far been inflated by foreign funds, has soared to an all-time high as the stock market has soared. Mandi has started calling for a boom. But in the last two days after the uptrend that triggered a stop-loss in a two-way storm of several players venturing into recession with the bullish players at the end of the October trend in derivatives in the early days of last week. So the market, which is currently in turmoil, is expected to continue to have a two-way storm in the last week of Samvat...

AHMEDABAD: Investment in foreign financial institutions has more than doubled to close to Rs 20 lakh crore by the end of September 2021 in the wake of the Corona epidemic in March 2020 and the historic boom seen after the announcement of the lockdown. According to SEBI data, the total assets of foreign funds rose to Rs 2.50 lakh crore at the end of September from Rs 41.15 lakh crore in the same period last year. Meanwhile, the assets of domestic mutual funds have risen to Rs 16.05 lakh crore during the period from Rs 4.5 lakh crore. When the Sensex reached close to 5,000 at the time of the announcement of the lockdown in March 2020, the total market capitalization of all the companies listed on the BSE had reached Rs 101 lakh crore. Accordingly, foreign funds accounted for a total of 30.5 per cent and domestic funds accounted for 4.5 per cent of the Indian stock market. At the end of September 2021, the market capitalization of the Indian stock market had risen to Rs 4.5 lakh crore...

MUMBAI: Opposition to the government in China is a clear example of how a businessman can be overwhelmed by the one-year erosion of assets of Alibaba group founder Jack Mani. Since Jack Ma's opposition to China's policy last year, his wealth has shrunk by 3 billion, or Rs 3,6,8 crore. It has been in dispute with China over the anti-monopoly regulation since last year. In October last year, Jack Mae criticized China's financial system. Then the bad days of the Alibaba group began. China's opposition gardener Jack Ma himself has disappeared and is not seen in public. Being in Hong Kong is being discussed in the business world. In October last year, Jack Mae sharply criticized China's financial controls and state-owned banks in the Chinese city of Shanghai. Following the criticism, the Chinese government launched an anti-trust investigation against Alibaba and fined it 2.50 billion. Alibaba's market cap in the technology sector has hit an estimated ડો 3 billion...

Massive net sale of Rs 512 crore shares in FPI / FII cash (Gujarat News Correspondent) MUMBAI: A general strike was called today before the end of Samvat 207 and before Diwali when stocks started going bankrupt. In the last days of Samvat 207, which proved to be a golden year for investors, and at the end of the October trend in special derivatives, funds in stocks, Sensex, Nifty with small gaps, small caps in Nifty, small caps in mid-cap stocks. Despite the corporate results season ending September 2021 with overall good results, a strategy of selling with good news and speeding up buying opportunities due to bad news-factors. Despite the result, stocks of consumer durables companies crashed behind Titan. Along with this, IT-Software Services, Pharmaceuticals, Metal-Mining, Oil-Gas, FMCG, Automobile stocks were heavily offloaded, bringing the Sensex to 30,000 and the Nifty to 15,000. The Sensex fell 114.5 points to close at 8.30 and the Nifty spot fell 2.50 points to close at 12.5. ...

(Gujarat News Office) MUMBAI: New demand in the Mumbai oilseeds market was sluggish today. Prices of various domestic and imported edible oils saw a rebound. Producer establishments were soft. World market news was also showing a retreat. There were indications from overseas that the price of crude oil in the world market was declining. In Malaysia, palm oil futures were down 3 points today, while in the US, soybean oil prices were reported to be in the range of 5-6 points this evening. Meanwhile, on the Saurashtra side, there were indications that the price of cotton washed down today from Rs 1,200 to Rs 15 to Rs 150. Cingulum oil prices fell by Rs 15 to Rs 1,200 per kg and Rs 200 to Rs 210 per 15 kg. In the Mumbai spot market, 10 kg of cottonseed oil fell by Rs 15 to Rs 150 today while groundnut oil fell by Rs 150 again. In the Mumbai market, imported palm oil was down by Rs 1,200 today while crude palm oil CPO Kandla was down by Rs 113. The futures market fell by Rs 8 to 10. In ...

(Gujarat News Office) MUMBAI: The dollar weakened against the rupee in early trade today. Despite a sharp fall in the stock market, the rupee rose in the currency market today instead of depreciating. After opening at Rs 4.5 today, the dollar closed at Rs 6.5, a low of Rs 4.5 and a high of Rs 4.5. The dollar had lost 15 paise today. However, the dollar index rose against various major currencies in world markets today. The dollar index, which was trading at 2.50, rose to a high of 7.5 today. The dollar index had gained 0.04 per cent today. According to currency market analysts, the rupee rose against the dollar in early trade on lower global crude oil prices. In addition to the dollar, the rupee also rose against the British pound in the Mumbai currency market today. The price of the pound fell. The pound traded lower at Rs 109.50 and closed at Rs 103.5. The pound was down 19 paise. There was news of a rise in the Canadian dollar against the US dollar in world markets. The possibil...

(Gujarat News Office) MUMBAI: Gold and silver prices rose sharply in the Mumbai jewelery market today. There was news of gold rising again in the world market. Gold prices rose against the backdrop of weakening US GDP figures as the global dollar index came under pressure late in the evening. Gold prices in the world market were at ૭૯ 151 to ૭૯૨ 16 an ounce today. Behind the world market, the domestic market was also on the verge of a new sell-off. In the Ahmedabad jewelery market, gold prices rose by Rs 200 per 10 grams to Rs 500 from Rs 4.50 and Rs 200 from Rs 4.50. While in Ahmedabad, the price of silver today rose by Rs 200 per kg to Rs 2,000. However, silver prices in global markets today traded lower by 3.05 to ૯ 2.09 an ounce and were quoted at ૨૪ 2.01 to ૨ 2.09 an ounce. New York's main contract, light sweet crude for delivery in New York, traded at ૬ 61.70 to ૬૫ 71.9 a barrel this evening. Platinum prices in the world market ranged from ૨૪ 105 to ૨૫ 105 an ounce from ૨ ...

Mumbai: India's crude oil imports rose to a five-month high in September. Demand for fuel has increased due to increased economic activity and mobility. In September, India's crude oil imports grew by 12 per cent year-on-year to 12 million tonnes, according to data from the Petroleum Planning and Analysis Cell. India is the third largest consumer and importer of crude oil in the world. Crude oil imports in September were the highest since April. The country's refineries are still expecting demand for crude oil to increase with the increase in vehicle use, an analyst said. Factory activity in India, Asia's third-largest economy, increased significantly in September. The recovery is expected to continue for a few more months with the support of mild monetary policy. Crude oil imports rose 1.50 per cent in September compared to August.

MUMBAI: As five companies enter the market to raise Rs 21,000 crore through public offerings within the next fortnight, there has been talk of rushing to non-banking financial companies (NBFCs) to get money from High Networth Individuals (HNIs) investors. Following the rush, interest rates have been hiked by NBFCs. According to an estimate, NBFCs have set aside Rs 2.5 lakh crore for HNI. The funding cost has also increased in view of the rush of IPOs. HNIs usually obtain short-term loans from NBFCs to apply for an IPO. The IPO is also likely to see a massive influx of investors. Public payments are expected to be multiplied in the next fortnight. In the next fortnight, Nayaka, Fino, Policy Bazar, SIS and Paytm together are coming up with Rs 216 crore. The current year has seen widespread interest from investors, especially in the retail and HNI primary markets. The boom in the secondary market has made it easier for companies to raise money from the primary market. HNIs are usua...

MUMBAI: Brokerage firm Morgan Stanley has downgraded Indian equities from overweight to equal weight in view of overvaluation. The possibility of the market consolidating before possible short-term challenges has also been expressed. While the country's key fundamentals are positive, consolidation in Indian equities could be seen ahead of the Federal taper, a possible rise in interest rates by the Reserve Bank in February and higher energy costs. Earlier, UBS and Nomura also downgraded Indian equities in view of costly valuations. The performance of Indian equities has been very high in the current year as compared to other emerging markets. The MSCI India Index has risen by 4.5 per cent this year against a decline of 0.6 per cent. According to Morgan Stanley, Indian equities are performing well due to the expectation of revenue growth and the government's flexible reform program. Two days ago, Nomura downgraded Indian equities from overweight to neutral, saying the return...

AHMEDABAD: The Indian stock market plunged to its highest level since April 2021 today on strong selling pressure from Chomer amid unfavorable local and global reports. Today, the Sensex plunged by 116 points and the Nifty by 3 points, with small-cap and mid-cap stocks making huge gaps. Globally, fears of a resurgence of the global economic downturn due to the resumption of lockdowns in China, Russia and the UK, persistent rise in domestic petrol-diesel prices and the downgrade of Indian equity by another organization, Morgan Stanley, today weighed on the market. Following these reports, the Sensex opened under pressure from the start of trading at the Bombay Stock Exchange today. This was earlier last date. On April 12, '71, the Sensex had lost 1,508 points. Thus, the biggest crash was recorded after April. At the NSE, the Nifty intraday fell to 17.5 after a low start and bounced back to 7.50 points at the end of the day, bouncing back to 17.5. Small investors were hit hard t...

AHMEDABAD: Investment in foreign financial institutions has more than doubled to close to Rs 20 lakh crore by the end of September 2021 in the wake of the Corona epidemic in March 2020 and the historic boom seen after the announcement of the lockdown. According to SEBI data, the total assets of foreign funds rose to Rs 2.50 lakh crore at the end of September from Rs 41.15 lakh crore in the same period last year. Meanwhile, the assets of domestic mutual funds have risen to Rs 16.05 lakh crore during the period from Rs 4.5 lakh crore. When the Sensex reached close to 5,000 at the time of the announcement of the lockdown in March 2020, the total market capitalization of all the companies listed on the BSE had reached Rs 101 lakh crore. Accordingly, foreign funds accounted for a total of 30.5 per cent and domestic funds accounted for 4.5 per cent of the Indian stock market. At the end of September 2021, the market capitalization of the Indian stock market had risen to Rs 4.5 lakh crore...

MUMBAI: Opposition to the government in China is a clear example of how a businessman can be overwhelmed by the one-year erosion of assets of Alibaba group founder Jack Mani. Since Jack Ma's opposition to China's policy last year, his wealth has shrunk by 3 billion, or Rs 3,6,8 crore. It has been in dispute with China over the anti-monopoly regulation since last year. In October last year, Jack Mae criticized China's financial system. Then the bad days of the Alibaba group began. China's opposition gardener Jack Ma himself has disappeared and is not seen in public. Being in Hong Kong is being discussed in the business world. In October last year, Jack Mae sharply criticized China's financial controls and state-owned banks in the Chinese city of Shanghai. Following the criticism, the Chinese government launched an anti-trust investigation against Alibaba and fined it 2.50 billion. Alibaba's market cap in the technology sector has hit an estimated ડો 3 billion...

MUMBAI: After the second wave of Corona eased, the country's business sentiment improved to a two-year high in the second quarter of the current financial year. According to a survey conducted by the National Council of Applied Economic Research (NCAER), its Business Confidence Index (BCI) rose by 20 per cent year-on-year to 114.60 per cent in the September quarter, while it rose by 20 per cent on a quarterly basis. The BCI was 9 in the September quarter of last financial year, the survey report said. Compared to the second quarter of FY2017-20, i.e. the previous September quarter of Coro, the index for the current financial year has been 19.60 per cent higher. The NCAER Business Confidence Index stood at 104.10 per cent in the second quarter of 2012-13. In the survey conducted, the companies have expressed concern over the rising cost of raw materials.

(Gujarat News Office) MUMBAI: Gold and silver prices declined in the Mumbai jewelery market today. New demand was slow. With the world market collapsing, the house was going to sell at a higher price. Gold prices in the world market today fell from ૭૯૫ 15 to ૭૯૬ 16 an ounce to ૭૯ 161 to ૭૯૨ 16 an ounce. The fall in global crude oil prices by 1.5 per cent today also had an impact on gold prices. Silver also fell by લર 4.5 to ૩૪ 6.5 an ounce in the global market, hitting 4.05 to ૯ 2.05 an ounce today. Meanwhile, in the Ahmedabad jewelery market, gold prices fell by Rs 200 per 10 grams to Rs 200 from Rs 4.50 and Rs 200 from Rs 4.50, while Ahmedabad silver was trading at Rs 1,000 per kg, down by Rs 1,000. Palladium prices in the world market today fell from ૨ 205 to ૨૮ 205 an ounce to અંદર 16 to અંદર 12 in the low 2000s. Platinum gains were 1,050 to ૫ 1,081, down from ૨૪ 105 to ૨૫ 105. Copper prices in the global market today were in the minus 1.2 to 1.50 per cent minus. In the Mumbai...

(Gujarat News Office) MUMBAI: The dollar touched a new high of Rs 5 against the rupee in the Mumbai currency market today. The dollar opened at Rs 4.5 this morning with a low of Rs 6.50, after which it bounced back to a high of Rs 4.05 and closed at Rs 2.09. The dollar rose five paise today. The rupee's impact on the rupee was felt in the currency market today as the stock market initially rose and then fell. However, in the global market, the dollar's index against various major currencies fell to 6.5 from 7.5 today, indicating a decline of 0.04 per cent. Thus, against the backdrop of the dollar in the world market, the price of the dollar rose at home. Meanwhile, the British pound was down in the Mumbai market today. The pound traded lower by Rs 105.5 to close at Rs 104.5 today, down 19 paise, while the European currency, the euro, fell by Rs 3.05 to close at Rs 4.5 and closed at Rs 4.5. . The euro weakened by 3 paise today. The Japanese yen was up 0.3 per cent at the end...

(Gujarat News Office) MUMBAI: In the Mumbai oilseeds market, cingulum oil prices rose again today on the back of stagnation while cottonseed oil continued to decline. Meanwhile, prices of imported edible oils were higher today. The futures market was also bullish. Castor and castor markets saw a slowdown today. Castor futures were quoted at Rs 5, up Rs 105 from Kiev. While the spot castor price in the Mumbai market today was quoted at Rs 6, a jump of Rs. The price of castor oil present in Mumbai jumped by Rs. 5 per 10 kg and was quoted at Rs. Meanwhile, cingulum oil prices rose by Rs 10 per kg to Rs 15. While cottonseed oil prices fell to Rs 150. On the Saurashtra side, the price of cingulum oil rose to Rs 1,200 and Rs 15 per 15 kg. There were indications that the price of cotton washed was down to Rs 150. In the global market, palm oil futures in Malaysia rose 30 points today, while soyoil prices in the US this evening were projected to be 20 to 31 points higher. Palm oil prices r...

(Gujarat News Correspondent) MUMBAI: Before the end of the October trend in derivatives on Thursday, funds, experts today eased the overbought position at the end of the Nifty, Sensex-based two-way volatility. With this, Samvat 207 is coming to an end next week. Along with this, despite the weak quarterly results of Maruti Suzuki today in the corporate results season, funds were softening in other auto stocks against the rise in Maruti. Funds in banking-finance, metal-mining, automobile stocks surged in IT-software services, pharmaceuticals stocks against profit booking. International crude oil prices have been softening since the United States urged OPEC nations to increase oil production ahead of their November 9 meeting, following Aramco's statement that global oil supplies are falling sharply. Brent crude was down one dollar at ૪ 2.50 and Nymex crude was down ૭ 1.05 at ૫૮ 2.3. The US dollar had gained 3 paise to Rs 2.09 against the rupee today. At the end of the two-way volati...

- Crude oil prices expected to reach ૦ 110 by next year: Goldman Mumbai: Goldman Sachs, a global financial company, expects Brent crude to rise to ૧ 110 a barrel by next year. That's 20 percent more than the current સપાટી 5 level. According to analysts at Goldman Sachs, the gap between global crude oil demand-supply and current demand, which has risen to previous levels, will see higher crude oil prices in the coming year. If the global price of crude oil reaches 110 per barrel, the price of petrol in India could be around Rs 150 per liter while diesel could reach Rs 150 per liter. Global demand for crude oil, which currently exceeds 2.50 million barrels per day and Asia is recovering from the effects of the corona, could rise to over 100 million barrels, Goldman said in a report. Turning from gas to oil could increase the demand for oil by at least 1 million barrels per day. It may be mentioned here that due to high crude oil prices, petrol and diesel prices are currently ho...

- Reliance Industries had earlier bid for Alok Industries in association with JM Financial ARC and later acquired it. New delhi date. Wednesday, October 27, 2021 Reliance Industries, the company of country tycoon Mukesh Ambani, has given an expression of interest (EoI) to buy debt-ridden Sintex. RIL has offered EoI in partnership with Asset Care and Reconstruction (ACRE) to buy Syntex. Also in the running to buy Syntex are Aditya Birla Asset Reconstruction's investment-invested Ward Capital, a Welspun Group company, Edelweiss Alternative Assets Advisors, Trident Limited and IndoCount Industries. Ares SSG Capital has a large stake in Syntex, which is involved in the fabric business. The company supplies fabric to global fashion brands such as Armani, Hugo Boss, Diesel and Burberry, according to Syntex Industries' website. In fact, Syntex Industries is going through the Corporate Insolvency and Resolution Process (CIRP). The insolvency process against Syntex Industries star...

Mumbai: The influx of initial public offerings (IPOs) in the country has not stopped. Considering the proposals before the Securities and Exchange Board of India (SEBI), it is being calculated that there will be six IPOs in the country in the current December quarter. Taking into account the reports received, companies are expected to raise Rs 20,000 crore through six IPOs in the December quarter, an analyst said. The primary market is also booming following the boom in the secondary market. The participation of retail investors has also increased. Companies that are launching IPOs in the near future include Patim, Nayaka, Policy Bazaar etc. India's development story is intact given the way IPOs are being rushed. The country's economy, which has been weakened by the corona, is seeing a recovery, which has also boosted investor sentiment. Due to the increase in retail participation, the total number of demat accounts with the country's two main depositories, CDSL and NS...

(Gujarat News Office) MUMBAI: Gold prices rebounded in the Mumbai jewelery market today, while silver prices remained on a downward trend. Gold prices in the world market, which had touched a high of ૬ 1,305 to ૭ 1,305 an ounce, fell sharply to ૮ 1,400 an ounce again. Behind gold, global silver prices also fell to ૩૪ 4.5 to ૩૪ 7.5 today, after hitting a high of ૪૫ 7.5 to ૪૬ 7.5 an ounce. In Ahmedabad jewelery market, gold prices fell by Rs 100 per 10 grams to Rs 200 from Rs 4.50 and Rs 200 from Rs 4.50. While Ahmedabad silver price fell by Rs 200 per kg to Rs 200. Meanwhile, platinum prices in the world market ranged from ૪૯ 105 to ૫ 1,050 an ounce to ૬૨ 105 to ૬૩ 105 to ૫ 1,050 to ૫ 1,021. While the price of palladium rose from ૪૪ 205 to ૪૫ 205 to ૬૪ 205 to ૬૫ 205, there was news today that it was trading at ૨૭ 205 to ૨૮ 305. The rally in gold in the world market today was an indication of increased selling of funds. Rising bond and treasury yields have put pressure on gold prices...

(Gujarat News Office) MUMBAI: The rupee today touched a new low of Rs 7 against the dollar in the Mumbai currency market. The rupee strengthened in the currency market today as the stock market rallied, market sources said. The dollar opened at Rs 4.05 and touched a high of Rs 3.15 at the beginning of the day. The dollar had lost 15 paise today. The dollar had been rising for two days and broke the rally today. The dollar index also declined against various major currencies in world markets today. The dollar index, which had a high of 7.31, fell to 7.5 today from a low of 7.5. The dollar index was down 0.06 per cent today. The British pound rose as the dollar weakened against the rupee at home today. The British pound traded at a low of Rs 107.5 and a high of Rs 107.5, closing at Rs 103.5. The pound gained 11 paise today. Meanwhile, the euro was down 3 paise at Rs 4.05 to Rs 2.09 today. The euro, which was trading at Rs 4.50, fell to Rs 4.05 and closed at Rs 4.05. Japan's yen ...

Investors' wealth in stocks increased by Rs 2.15 lakh crore to Rs 4.5 lakh crore (Gujarat News Correspondent) MUMBAI: Corporate India's end-of-September quarterly results season saw the release of overall encouraging results for companies today. Was and Nifty crossed the level of 150. With this, the funds made a big rally in realty stocks again today. Foreign portfolio investors-FPIs, FIIs stocks started buying aggressively yesterday after local funds. Today, the funds rallied all round. Brent crude was down 11 cents at ૮૮ 2.8 a barrel and Nymex crude was close to ૭૬ 4.5 this evening as international crude oil prices also narrowed. Global oil giant Aramco has warned of a sharp decline in the world's surplus stock supply. Global markets were also strong today in anticipation of corporate results. The Sensex was up 2.31 points at 3160.8 and the Nifty spot was up 19 points at 17.40. The US dollar had lost 19 paise to Rs 2.7 against the rupee. Sensex jumps 31,000 again to 31...

(Gujarat News Office) MUMBAI: Prices of various domestic and imported edible oils witnessed a general decline in the Mumbai Oilseeds market today. Prior to the festivals, there were indications that the central government was pressuring the states to impose stock limits to control prices. Such stock limits have been imposed in Uttar Pradesh and there were indications that other states were also moving in this direction. Such stock limits have been imposed in Uttar Pradesh and there are indications that other states are also moving in this direction. This has also caused panic among the traders in the market. Amid fears of stock limits, traders are now keeping less goods and this is likely to lead to a shortage of goods at festivals, said Shankarbhai Thackeray, president of the All India Edible Oil Traders Federation. Meanwhile, in the Mumbai spot market, the price of 10 kg of cingulum oil was quoted at Rs 15 today while cottonseed oil was quoted at Rs 1,215. On the Saurashtra side, ...

(Gujarat News Office) Mumbai; In the Mumbai Oilseeds market, edible oils witnessed narrow fluctuations today amid two-way fluctuations. The new demand was winged. There were sporadic trades in hawala-resale in palm oil. In the US agricultural market, soyoil prices fell by 3 points in overnight trade while soyoil prices rose by 3 points, while soybean prices remained soft by 3 points. In the Mumbai spot market today, the price of 10 kg of cingulum oil was Rs 120 while cottonseed oil was Rs 150. On the Saurashtra side, the price of washed cotton was Rs 150 to Rs 150 while that of cingulum oil was Rs 15 and 15 kg. Imported palm oil was trading at Rs 1,200 in the Mumbai market today. While crude palm oil CPO Kandla was priced at Rs 115. In the Mumbai market today, the price of soyoil was Rs 15 for digam, Rs 1,205 for ref and Rs 1,800 for sunflower. 150 and Rs. 150 of Rifa. Mustard was priced at Rs 120 and ref. In the futures market, CPO futures were at Rs 115 and soyoil futures at Rs 1...

(Gujarat News Office) Mumbai; The bullion market in Mumbai jewelery market was officially closed today due to Saturday. Prices were quoted higher in the closed market. Gold price was Rs 30 per 10 grams excluding GST at Rs 8.15 and Rs 30 at Rs 9.50 per 10 grams. While prices with GST were 5 per cent higher. Meanwhile, Mumbai silver prices were quoted at Rs 500 per kg excluding GST, while those with GST were up 3 per cent. Meanwhile, in the Ahmedabad jewelery market, gold rose by Rs 200 to Rs 200 from Rs 4.50 and Rs 200 from Rs 4.50, while Ahmedabad silver remained quiet at Rs 2,000. Meanwhile, gold prices in the world market jumped from ૭૯૯ 15 to ૮ 1,200 an ounce at one point to ૨ 1,215 to ૮ 1,215, after falling sharply from ઉ 1,200 to ૭૯૨ 12 at the end of the week. The boom turned out to be a sell-off of funds in gold. Rising bond and treasury yields were seen as a boom in gold. Behind gold, silver also fell again to a high of ૪૫ 4.5 to ૪૬ 7.5 an ounce, from ૭૯ 4.5 to ૮ 7.50, and w...

In the past week under selling pressure AHMEDABAD: The BSE Smallcap Index fell by 5 per cent and the Midcap Index by 4 per cent last week on the back of strong selling and other adverse factors, including rising inflation and high inflation. While the main index was broken around 1 percent. The market boom since June after the first phase of last year's epidemic set a number of records so far. In the bullish phase, small-cap and mid-cap stocks rose sharply, with the indexes of the two sectors rising by 3 per cent and 5 per cent, respectively. Last week, the Sensex touched a high of 5,000. Rising global inflationary pressures and rising global inflationary pressures have adversely affected the domestic market, with selling pressures from funds, operators as well as players, and the market retreating sharply to the bottom. The Sensex and Nifty were down around 1 per cent over the weekend on the back of a sell-off. The BSE Midcap Index, on the other hand, fell 4.5 per cent to clo...

Investors' wealth washed away by Rs 10.50 lakh crore in four days to Rs 4.5 lakh crore (Gujarat News Correspondent) MUMBAI: Funds and experts in the Indian stock market today continued the index-based two-way storm over the weekend, keeping the market in a negative zone. Funds in stocks continued to soften overbought positions, with IT-software services, technology stocks continuing to sell today and stocks of healthcare-pharmaceuticals companies taking off today. Of course, in banking-finance stocks today, the Sensex, Nifty-based market saw a big decline as funds, experts continued to pick up relentlessly. On the global front, European countries With rising Corona cases in Russia and reports of re-infestation of Corona in China as well, global economic worries with a weaker GDP of China and a steady rise in domestic inflation led to record rising prices of petrol and diesel in the coming days. There were also impact views on the market. However, banking stocks of the funds remai...

(Gujarat News Office) MUMBAI: Gold and silver prices rose in the Mumbai jewelery market today. Prices also rose in the Ahmedabad market today. Ahmedabad gold price was Rs. 100 per 10 grams, Rs. While in Ahmedabad, the price of silver today touched Rs 200 per kg again to Rs 4,000. In the Mumbai market, gold excluding GST remained unchanged at Rs 915 from Rs 2.50 per ounce while gold at Rs 7.50 per ounce remained unchanged at Rs 305. While prices with GST were 5 per cent higher. Meanwhile, Mumbai silver prices were at Rs 6, excluding GST, at Rs 4,000 today, while those with GST were up 3 per cent. World market news was encouraging. World gold prices jumped to close at ૮ 1,200 an ounce today. The dollar's index against various major currencies in the world market was met with overseas indications of increased fund-raising in gold. There were indications that the price of gold in the world market jumped from ૭૮૨ 15 to ૭૮૩ 15 per ounce to ૭૯૯ 15 to ૮ 1,200. Behind gold, global silve...

(Gujarat News Correspondent) Mumbai; The Sensex and Nifty-based overbought positions in Indian stock markets have eased over the past week and small, mid-cap stocks have been in a slump. The stocks have been waiting for a correction for a long time after witnessing a long-term bullish-baroque indiscriminate storm. But each time, the funds have tightened their grip on the stock market, raising the bar of speculation by misleading many and bringing stock prices to extraordinary heights. With this, the Sensex crossed the 9000 level and the Nifty crossed the 1700 level, creating a new history. This level has finally undergone a major correction in the last week after the experts, who have been fighting the battle of stubbornness to feed the players of the recession and recession that have become inevitable at this level, have fed many. NSE Leverage in mid-cap stocks, too, has taken a toll on margins by plunging stocks into losses. With Nifty-based recession victims forced to do short cove...

MUMBAI: The sharp rise in crude oil, natural gas and coal prices is extremely difficult for stock markets and the Indian business community, which are still reeling from the potential impact on the bottom line over the next few quarters. Consumers are frustrated by their rising costs behind fuel which raises inflation concerns. "If global prices for crude oil, natural gas, coal and electricity remain at current levels until December 2021 and rise modestly by 3 per cent by March 203, a 1 per cent rise in retail inflation (CPI) is likely to have an impact," Nomura said in a note. Nomura estimates that a 10 per cent rise in crude oil prices could push up inflation in India by about 0.5 per cent, the current account deficit could grow by 0.5 per cent of the country's GDP and the GDP growth rate could fall by about 0.2 per cent. "We expect industrial production to shrink in September / October due to shortage of semiconductors and coal," he said. GDP growth in th...

New Delhi: Infrastructure projects costing Rs. 150 crore or more. The cost of 3 projects is Rs. 4.5 lakh crore. This has been countered in a report. Ministry of Statistics and Program Implementation Rs. Monitors infrastructure projects costing Rs 150 crore or more. The ministry said in a September 2021 report that the cost of six of the 120 such projects had gone up while four were running late. The report says that the basic cost of implementation of these 150 projects is Rs. 31,3,09.11 crore which has increased to Rs. It is estimated to have reached Rs 4,2,502.50 crore. Thus, the total cost of this project is 12.5% ​​or Rs. 4,50,8.5 crore has been increased. According to the report, Rs. 13,8,612.50 crore, which is 2.31 per cent of the total estimated expenditure. However, the ministry said that if the current deadline for completion of the projects is to be ascertained, the number of delayed projects has come down to 20. According to the report, out of 8 delayed projects, 100 pr...

(Gujarat News Office) MUMBAI: The Mumbai jewelery market rallied today. World market news was encouraging. World gold prices rebounded to ૮ 1,200 an ounce. In Ahmedabad, gold prices rose to close to Rs 30,000 per 10 grams. While crude oil crossed 7. The rising cost of precious metals has risen as global markets rebounded and the dollar rose against the rupee in the domestic currency market. Ahmedabad gold price was quoted at Rs 500, Rs 2.50 per kg and Rs 500 per kg today, while Ahmedabad silver price was quoted at Rs 1,000 per kg, up by Rs 1,000 today. Gold prices in the world market rose by ૭૯૨ 15 to ઔ 17 an ounce and were quoted at ૨ 1,308 to ૩ 1,305 today. Gold prices rebounded amid rising global inflation, rising crude oil prices and a resurgence of corona cases in various parts of the world. Fundraising increased. Silver was trading at ૩૨ 4.5 to ૪૬ 7.5 an ounce in global trade today. Platinum was trading at ૪૩ 105 to ૪૪ 105 to ૪૯ 103 to ૫ 1030, while palladium was reported to ...