Market and Business News

- The Sensex rose 454.10 points, or 0.78 per cent, to close at 58795.09 on Thursday. New delhi date. Friday, November 26, 2021 The stock market is in an earthquake state once again today. The 30-share BSE Sensex and the NSE Nifty index fell sharply. Both indices declined sharply shortly after the start of trading with the red mark. By 10:35 a.m., the Sensex was down more than 1,300 points while the Nifty was down 400 points. The stock market had a bad start on Friday, the fifth trading day of the week. Both the BSE Sensex and the NSE Nifty opened at the red mark. The Sensex opened 815.71 points, or 1.39 per cent, lower at 58,000. It started at 57979.38. The NSE Nifty traded lower by 239.60 points, or 1.37 points, to 17,296.65. The Bombay Stock Exchange benchmark Sensex finally rose by 454.10 points, or 0.78 per cent, to close at 58795.09 after a day of volatility with a weak start on Thursday. The Nifty also closed 121.20 points, or 0.70 per cent, higher at 17536.25.

MUMBAI: Eighty-one per cent of Indians have little or no confidence in cryptocurrencies, with only 1 per cent having high confidence, while a recent survey found that 51 per cent of Indians want to have their own digital currency. In a survey conducted by a private firm, 5 per cent of respondents said the government should not legalize cryptocurrencies but suggested that the tax should be levied the way digital assets are taxed abroad. 3% of people demanded that legal currencies be taxed in India. The survey, conducted from November 8 to 9 in six districts of the country, was attended by more than 3,000 people. The survey was conducted amid widespread debate in the country over cryptocurrency trading. However the government has decided not to allow private cryptocurrencies. Nine percent of those surveyed said their family members did not invest or trade in cryptocurrencies. When asked about the reliability of cryptocurrencies, 1% said they had high confidence in it, 19% said it wa

MUMBAI: Investment in the Indian capital market through participatory notes (P-notes) rose to Rs 1.08 lakh crore at the end of October, from a three-month high. Foreign capital investors who are not registered in India can invest in the capital market through foreign institutional investors in the country. However for this investment he has to go through some processes. At the end of March 2016, the investment through P-notes stood at Rs 1.08 lakh crore. P-notes investment increased by Rs 2,000 crore in October. Investments in equities fell by Rs 2,000 crore, while investments in debt instruments through P-notes declined by Rs 2,000 crore. Long-term interest rates are now at an all-time low and inflationary pressures will force the Reserve Bank to raise interest rates in 203, prompting FPIs to shift from lending instruments to equities, an analyst said. Out of the P-Notes investments of Rs 1.04 lakh crore at the end of October this year, Rs 216 crore was in equities, Rs 3 crore in

Mumbai: The country's crude import bill is expected to cross last year's level in the current month. India's crude oil import bill has risen due to tightening of crude oil prices and rising demand. In the ten months to the end of October, the average price of crude oil had crossed 80 a barrel. India's crude import bill is likely to be the highest in the last three years this year due to high crude oil prices. In October, the average price of crude oil in India was 2.11 per barrel. India's crude oil import bill stood at ૨ 2.50 billion in 2020-21, up from. 21.10 billion in October of the current financial year. In the last financial year, India imported a total of 127 million tonnes of crude oil. This figure has reached 114 million tonnes so far in the current financial year. India's average import price of crude oil in the first seven months of FY2009-21 was ૨૪ 4.5 per barrel, which has risen to ૭ 61.8 per barrel in the current financial year. Higher crude o

Ahmedabad: The wealth of the country's and Asia's richest men Mukesh Ambani and Gautam Adani is currently under discussion. As rich, Ambani is ahead in wealth but in one year, Adani kills the ground in terms of wealth growth. According to the Bloomberg Billionaire Index, Gautam Adani's wealth has grown by 3 billion annually, while Mukesh Ambani's wealth has grown by only ૩ 12 billion. Last year, Mukesh Ambani had a net worth of 4.5 billion while Gautam Adani had a net worth of 2.1 billion. On Wednesday, through Gautam Adani's six listed companies, his assets (as a promoter in the total market value of the companies) were worth Rs 2,01,8 crore, while Mukesh Ambani's assets were worth Rs 2,6,8 crore. So the difference between the two was only Rs 4.5 crore. Mukesh Ambani has a net worth of Rs 1,11,60 crore more than Gautam Adani after the companies' shares fluctuated on Thursday. Gasification assets rearrangement scheme MUMBAI: As a result of more than one

MUMBAI: The non-performing assets (NPAs) of non-banking finance companies (NBFCs) are expected to increase by 120 to 150 basis points in the current financial year, from 3.50 per cent to 8.50 per cent, due to stricter standards and upgrades for loans under stress. In the case of housing finance companies, the NPA is expected to rise by 20 basis points to 8.50 per cent, according to an ICRA report. The report takes into account the risk of new NPAs coming from revised standards and restructured books. At the end of March 2012, the gross NPA of NBFCs was 2.50 per cent, while for housing finance companies, the figure was 5 per cent. In addition, NPA accounts can be upgraded to standard assets only after each outstanding amount has been repaid, the report said. Limitations in upgrading and stricter NPA standards will increase NPAs.

(Gujarat News Office) MUMBAI: Gold and silver prices fell and rose again in the Mumbai jewelery market today. Gold prices fell in global markets today after the global dollar index rebounded. Gold prices in the world market today were quoted at થી 150 to ૭૯ 151. Gold was followed by global silver at ૬૪ 4.5 to ૬૫ 6.5 an ounce today. In the Ahmedabad jewelery market, silver prices fell by Rs 200 per kg and touched a high of Rs 2,000 again today. Andavad was hitting a low of Rs 900 per 10 grams and Rs 200 per head at Rs 4.50. Platinum, meanwhile, traded lower at ૯૯૯ 8,000 to ૧ 1,000 an ounce and palladium at ૮૮૪ 12-13 an ounce. Meanwhile, gold prices in the Mumbai jewelery market today closed at Rs 5, excluding GST, from Rs 4.50 to Rs 5. While prices with GST were 3% higher. Meanwhile, the country is considering raising the GST rate on gold from 5 per cent to 5 per cent. As a result, Ajanpo has also appeared in the jewelery market. The government is talking of imposing a 5 per cent GS

(Gujarat News Office) MUMBAI: New demand in the Mumbai oilseeds market was slow today. Prices remained sluggish. However, in the futures market, soybean futures rebounded by 3% at one point today and the bullish circuit was enforced again. There was news that soybean growers were hesitant to sell to farmers. In the Mumbai spot market, the price of cingulum oil is Rs.150, cottonseed oil is Rs.150, mustard is Rs.1210 and ref. CPO Kandla was priced at Rs. On the Saurashtra side, prices of cingulum oil fell from Rs 1,200 to Rs 15 per kg, Rs 1,100 per 15 kg and Rs 1,610 per kg of washed cotton. In the evening trade, CPO was at Rs 1,150 and soyoil futures at Rs 19.50. In Malaysia, meanwhile, palm oil futures were at a 9-point pulse today, while palm product prices were down ડો 10. There was news that palm oil futures bounced back from a high of 8 to 20 points at one point today. At home today, the price of palm oil in various deliveries at Mundra-Hazira was Rs. Soybean income in Madhya

(Gujarat News Correspondent) MUMBAI: The November trend in derivatives came to an end today on the back of a sharp rise in funds in Reliance Industries. Funds bought heavily today in shares of Reliance Industries to curb index-based erosion, along with shares of IT-software services stocks led by Infosys and stocks of selected healthcare-pharmaceuticals companies. The funds also boosted consumer durables stocks as well as oil and gas stocks. On the global front, with the resumption of Corolla transition in countries including Germany, Austria, France and the prospect of a lockdown, the global economy is being shaken by rising inflation. Crude oil prices saw a modest decline in the positive effect of the stock announcement. With the alarming rise in corona cases in Germany, the death toll has crossed one lakh and global concerns are mounting. At the close of the day, the Sensex was up 3.01 points at 3.05 and the Nifty spot was up 191.60 points at 17.8. Crude oil Brent was down 3 cents

(Commercial Representative) MUMBAI: Paytm-One2Communications Ltd's massive discount listing of stocks and the day after, the stock crashing in the day after the banks' high interest financing by making huge applications for crores of rupees in IPOs, feeding the high networth investor class The market is discussing the operation to trap the class that hit the stocks and by jumping the stock from the bottom of Rs 151 to more than 3% in just two days, the game of trapping this class is now being played. There was also a discussion about the looting of the people who used to trade in box trading and those who dared to trade in vain by taking them in a trap and plundering them into the pit of loss. Global brokerage giant Macquarie stated in the first report just before the company's IPO that Paytm's share over valuation was being issued and after giving a target price of Rs. Prices were listed at a discount of Rs 2,150 and fell by 30 per cent to a low of Rs 121 on Monday,

(Commercial Representative) MUMBAI: Investment funds have been warning for the past few days that the Indian stock market is overvalued and the stock prices of many companies are getting too high from their fundamental valuations. . In the last four trading sessions alone, FIIs-FPIs have sold a whopping net Rs 15,000 crore in stocks. With this, foreign funds-FPI-FIIs have been sold for more than Rs 2,000 crore since April 2021. FIIs-FPIs have sold more than Rs 2,000 crore worth of stocks in November 2021. 12,09 crore in April 2021, Rs. 2013 crore in May 2021, Rs. 2.5 crore in June 2021, Rs. 5,12 crore in July 2021, Rs. Excluding net purchases, a net sale of Rs 5 crore was made in October 2021 and a net sale of Rs 303 crore so far in November 2021. According to this, from April to November 2021, FIIs-FPIs have sold a huge net amount of shares worth over Rs 2,000 crore so far. Against this, domestic institutional investors, funds have sold net worth Rs 2,000 crore so far between Apri

(Gujarat News Office) MUMBAI: The Mumbai currency market today witnessed a slowdown after a two-way fluctuation in the value of the dollar against the rupee. At the end of the day, the index remained in the negative after two-way fluctuations in the stock market, which had an effect on the rupee's move in the currency market today. The dollar opened at Rs 4.5 with a low of Rs 7.5 and closed at Rs 4.5, a high of Rs 4.81 and a low of Rs 4.31. The dollar fell four paise overall today. However, the dollar index rose against various major currencies in world markets today. The global dollar index rose 0.17 per cent today, from a high of 7.5 to 7.5, to 7.5. The market was watching the minutes of the last meeting of the US Federal Reserve. The euro broke against the dollar in world markets. Corna's outbreak was reported in various countries in Europe. In the Mumbai market, the euro depreciated by 8 paise against the rupee today, falling by Rs 4.5 to Rs 4.5 and remaining at Rs 4.5.

(Gujarat News Office) MUMBAI: Peanut oil and cottonseed oil prices fell in the Mumbai Oilseeds market today. Producers were showing news of sales. Meanwhile, palm oil futures in Malaysia rose 3 points in world markets today. Soybean oil prices in the US agricultural markets were projected to be 4 to 5 points higher in the projection this evening. In the Mumbai spot market today, the price of 10 kg of cingulum oil fell by Rs 15 while that of cottonseed oil fell by Rs 150. On the other hand, on the Saurashtra side, there was news that the price of cotton washed was reduced to Rs. In the Mumbai market, imported palm oil was quiet at Rs 1,200 today, while crude palm oil CPO Kandla was down at Rs 1,150. Palm oil had a new lease of life. In the futures market, CPO futures fell by Rs 2.50 this evening while soyoil futures rose by Rs 2.00. Soybean futures rose by Rs. While castor futures fell by Rs. Mumbai spot castor prices fell by Rs 3 while spot castor oil prices fell by Rs 5 per 10 kg.

(Gujarat News Correspondent) MUMBAI: Derivatives stocks were called off today after an indefinite upheaval with a deceptive surge in the market ahead of the November-Thursday trend. Yesterday's rally was clearly deceptive, but the big experts in trapping traders and gamblers in the F&O game, trapping funds as expected, came amid reports of privatization of oil and gas stocks and PSU banks. Was. After the Sensex plunged by 21 points in the last moments of the market closing, the Sensex finally fell by 4.5 points to 20.3 and the Nifty spot by 1.20 points to close at 1912.05 in the last turmoil. It was clear today that the rise on the global front was deceptive as negative factors were on the rise. Amid reports that Germany has also announced a lockdown in Austria following the alarming rise in Corona transition in European countries, last-minute gaps in the Indian stock market today led to gaps in pharmaceuticals-healthcare stocks, IT-software services, technology and services.

MUMBAI: Mutual funds and foreign institutional investors (FPIs) are pouring more money into the initial public offerings (IPOs) than anchor investors in the current year. As an anchor investor, FPIs have so far invested Rs 5 crore in 2021, which is approximately six times as much as last full calendar year and more than nine times as compared to 2016. According to a research firm, the figure for mutual funds is Rs 15 crore. The combined investment of mutual funds and FPIs for the current year is five times higher than last year. New age digital companies like Paytm, Zomato, Nayaka have received huge sums in the form of anchor investments. In Paytm, FPI has received an anchor investment of Rs 216 crore, while Zomato has received an anchor investment of Rs 3 crore and Nayaka Rs 150 crore. The 2009 and 2010 IPO cycles were led exclusively by foreign investors. The research firm's report says that the trend of anchor investments by domestic institutional investors has increased ov

Foreign funds, investors to sell Rs 15,000 crore net in three days (Gujarat News Correspondent) MUMBAI: Among the more negative factors on the economic front, the Modi government was forced to withdraw three agriculture laws last week and the cancellation of Reliance-Aramco deals as well as discounting listings on shares of Paytm-One2 Communications. Today-Tuesday, after the crash, the declining funds put the market in a positive zone by giving a break to the crash. Derivatives showed short covering by stopping erosion today before the end of the November trend in the weekend on Thursday. Of course, as the market is still trading at overvaluation, the rise in stocks by funds and experts today has been described by some as a deceptive boom. Metal-mining, power-capital goods, healthcare-pharmaceuticals, automobiles, consumer durables, realty stocks gave the market a U-turn. The Sensex recovered after a sharp fall of 4.5 points to close at 1.8 points, up 3.8 points and the Nifty spot re

(Gujarat News Office) MUMBAI: The dollar was fluctuating against the rupee in the Mumbai currency market today. The downturn in the stock market and the decision to retain Jerome Powell as chairman of the US Federal Reserve have had an impact on the currency market today. The dollar was trading at Rs 71 today, hitting a high of Rs 4.5 and a low of Rs 4.5 and closing at Rs 4.5. In the global market, the dollar index, which is 7.5, was at a high of 8.50 today and a low of 6.5 to 7.5. World market players have been keeping a close eye on how the US is now making progress in reducing bond buying and when interest rates will rise. Meanwhile, in the Mumbai market, the British pound traded lower by Rs 4.50 to close at Rs 4.5 and closed at Rs 4.5 today, while the European currency, the euro, traded lower by Rs 4.5 to Rs 4.5 and closed at Rs 8 today. .3 were closed. Japan's currency fell 0.50 per cent against the rupee today, while China's currency rose 0.15 per cent, market source

(Gujarat News Office) MUMBAI: The Mumbai jewelery market witnessed a sharp decline in gold and silver prices today. News in the world market was showing a sharp fall in precious metals. After the US government announced its decision to retain Powell as chairman of the Federal Reserve, there were reports of widespread selling of funds in gold as the dollar index rose and bond yields rose in world markets. Powell said the market was now watching the US approach to reducing bond buying and raising interest rates. Bond yields rose as the bond market declined against US stock markets. Market players were stunned today as gold prices fell below ૮ 1,200 an ounce and were quoted at થી 150 to ૭૯ 131 in the global market. Market experts were hoping that seasonal demand in the jewelery market would pick up now as import prices plummeted as domestic markets plummeted and prices fell as the wedding season dragged on. In Ahmedabad jewelery market, gold prices fell sharply by Rs 1,000 per 10 grams

Other startups wary of public issue after Paytm crash MUMBAI: Other startups are also worried about their public issue, fearing a disappointing listing of Paytm's IPO. Following the incident, another online payment firm, MobiQuick, has so far scrapped plans to launch a public issue by the end of this month. Notably, Paytm's stock plunged 3% on the first day of listing and a total of 30% in two days. After this incident, startups are adopting a 'wait and see' strategy to bring in an IPO. Bipin Preet Singh, CEO of Bajaj Finance-backed MobiQuick, said the disappointing listing of major rival Paytm was unexpected. "We will announce it when we feel we can bring a successful IPO," The company received regulatory approval in October to bring in an IPO. The company had submitted documents to SEBI in July for an IPO worth Rs 1,200 crore. MobiQuick is seen as a smaller competitor to Paytm. Sources said that the company had earlier planned to launch an IPO before D

(Commercial Representative) MUMBAI: Investors in shares of Paytm-One3 Communications Ltd, an Indian financial technology giant and mobile payments company, are doomed. Investing in the company's stock has proved to be a huge loss-making business. In just two days, investors' capital has eroded by as much as 9 per cent at one stage and finally eroded more than Rs 21,000 crore. It may be mentioned here that after the extraordinary erosion of investors' capital in Paytm's shares, the company was seen in an attempt to stop the erosion in the stocks by announcing its business results for the month of October 2021 only yesterday. But investors and players did not like this. With this, in just two days, the market capitalization, that is, the assets of investors, has come down by Rs 21,000 crore to the bottom of Rs 215 crore. The IPO of the company had a market capitalization of Rs 1,3,50 crore at a price of Rs 4,150 per share. Paytm do ... Paytm do ... The situation is ge