Market and Business News

Dibrugarh: Indian tea is acclaimed all over the world. Tea gardens in Assam and the surrounding states are especially famous in South India. This special tea from Assam has become the most expensive tea in the country. During the tea auction in Dibrugarh district of Assam, a special tea was sold at Rs. A new record has been set for selling at Rs 4.5. This is by far the highest price of any tea in the country. Officials said this is the second time in two months that a particular state's tea has cost Rs. The auction has been held at a price of Rs 2.5 per kg. This special tea is called 'Golden Pearl', which is owned by AFT Techno Trade. On Monday, Assam Tree Traders bought the tea from him at Rs 4.5 per kg. Priyanju Dutta, secretary, Guwahati Tea Action Center, said Assam Tea Traders had bought one kg of special tea for Rs 4.5. Dipanjol Deka, secretary of the Assam unit of the Tea Association of India, said the handmade tea, called "Golden Pearl", was a delicat

(Gujarat News Office) MUMBAI: Gold and silver prices fell sharply in the Mumbai jewelery market today after opening higher. Gold prices fell after hitting a six-month high in world markets. Gold prices also came under pressure as crude oil prices rose by 3.5 per cent. According to world market news, there were indications that some Russian troops were returning to their camp from the Ukrainian border. As tensions between Russia and Ukraine eased, stock prices rose in the global market, while gold and crude oil prices fell sharply, market sources said. Global gold prices fell to ૮૪૯ 12-150 an ounce after hitting a high of ૮૭૯ 15-150 an ounce. Behind the world market, the jewelery market also saw a rapid retreat from higher prices. The import cost of precious metals has come down in the country today as the dollar depreciated against the rupee in the domestic currency market and the world market also retreated. In the Andavad jewelery market, gold prices fell by Rs 200 per 10 grams t

- Crude, inflation and bond yields all pose a risk of moving into a new trading range. At present, the debate over value versus growth among global investors has gained momentum. Seeing change after almost a decade of under-performing. This year will be a lot like 2000 when the tech bubble burst. The growth of small and mid-cap stocks has been completely washed away in the last few months. This was not noticed by many due to the wide range of indicators. Shares of 10 major tech companies have risen 20% in 2021. Shares of about 4 per cent Nasdaq companies are trading below their 20-week high of 20 per cent. The Russell 2000 Growth Index is trading more than 20% below its February 2021 high. Market momentum has been affected. Despite the market slump, stocks are trading at three times higher. Even then the assessments looked challenging. High-speed, loss-making, valuation sensitive stocks appear to be bursting the bubble. The Federal Reserve appears to be committed to reducing liquid

- Bond yield jumps to 3%, RBI cancels bond auction The Reserve Bank of India (RBI) has given a pleasant shock to all by keeping the repo-reverse repo rate unchanged for the 11th consecutive time amid strong prospects of interest rate hike. The central bank has decided to keep interest rates stable by taking a calculated risk. RBI Governor Shaktikanta Das said a sustainable and broad-based lending policy was needed to support the economic recovery. In fact, the 7.5 per cent growth forecast for 206-2 is lower than the base effect calculation. The central bank has given a clear signal that it will remain flexible as long as it is needed. Some argue that the Reserve Bank has limited options other than bond auctions. The RBI's tough and tough decision is a big risk and the governor's favorable statement may have affected the bond market but his statement and policy remarks as the head of the central bank of a huge country like India are a reflection of the whole country. "W

(Gujarat News Office) MUMBAI: The Mumbai oilseeds market rallied today. Demand was slow though. News from manufacturers and world markets was encouraging. In the Mumbai spot market, the price of 10 kg of cingulum oil increased by Rs 150 and cottonseed oil by Rs 150. In Saurashtra, the price of cingulum oil rose to Rs. In Malaysia, palm oil prices rose 3 points. In the US, however, palm oil prices rose 3 points. However, soyoil prices in the US were 15 to 12 points softer in the projection. In the Mumbai market, the price of imported palm oil rose to Rs. There was a trade of 150 tons. Crude palm oil CPO Kandla was trading at Rs. In the Mumbai market, soyoil prices rose by Rs 12 for digam and Rs 15 for refined. The price of sunflower was Rs.150 and Rs.150 for ref. The price of mustard was Rs.150 and that of ref. Was Rs.150. Coparel was priced at Rs 1,210 per 10 kg and rice bran at Rs 1,150. The spot price of castor oil in the Mumbai market today jumped by Rs 20 per 10 kg and crossed

(Gujarat News Correspondent) MUMBAI: Global stock markets were caught on a bear's eye today, February 14, Valentine's Day. Global stock markets plunged today amid Russia's war preparations over Ukraine and reports that the United States and several European countries have come to Ukraine's aid, with the possibility of a major war erupting and the global economy plunging back into recession. With the Ukraine-Russia war as well as rising global inflation weighing heavily on interest rates and the possibility of major upheavals at home in states including Uttar Pradesh and Goa, reports cannot be ruled out, according to Foreign Portfolio Investors, Investors started selling bullishly in the stock market today. The Big Bull, once considered the Big Bull of IT stocks and the Nifty, is now in a big bear-recession, with the Sensex and Nifty crashing more today than the Index-based hammering. Funds, high net worth investors were selling heavily in stocks today in a bid to save

Ahmedabad. Monday, February 14, 2022 Amid fears that Russia might invade Ukraine, global equities fell on Monday, with Indian stocks falling. The Sensex was down 1200 points and the Nifty was down 330 points when the market started trading. The war pushed crude oil prices to a new high of .7 95.7. Gold was at 185 1854 and 51,300 in India. The US stock market fell on Friday and the Asian stock market crashed today.

New Delhi: The Commerce Ministry has directed various government agencies to curb imports of non-essential commodities from China. The directive is believed to have been prompted by a sharp rise in imports from China. The trade deficit with rising imports is widening. In the nine months from April to December of the current financial year, India's imports from China grew by 3 per cent, while exports grew by only 15 per cent to 16 billion. India has adopted a strategy of reducing trade with China as relations with China have soured following the spread of the Corona and border tensions. In the first nine months of the current financial year, India's overall imports grew by 9 per cent year-on-year, while exports grew by 21 per cent, according to government data. India is also trying to reduce imports as part of its self-reliance program. The share of consumer goods in India's total imports, which was 18.50 per cent in 2012, fell to 10.50 per cent in 2021, which the Comm

(Gujarat News Office) MUMBAI: New demand in the Mumbai oilseeds market was slow today. Imported palm oil traded at Rs 120-13 per 10 kg for barely 30 to 40 tonnes. Meanwhile, rising tensions between Russia and Ukraine have pushed up the price of sunflower, market sources said. Sunflower production is special in Russia and Ukraine. In the Mumbai market today, the price of sunflower oil was quoted at Rs 150 and refined at Rs 1,315. In the US, soyoil prices rose 150 to 181 points overnight. At present, soyoil prices in the Mumbai market have jumped from Rs 150 to Rs 12 for digam and Rs 1,310 to Rs 1,315 for refined. Palm oil prices were hovering between Rs 150 and Rs 15. Imports are reversing. The price was expected to increase from Rs 150 to Rs 15. Crude palm oil CPO Kandla was up by Rs 15. Meanwhile, groundnut oil was trading at Rs 150 and cottonseed oil at Rs 150 in the Mumbai market. On the Saurashtra side, there were indications that the price of cingulum oil would be Rs. Today, t

(Gujarat News Correspondent) MUMBAI: Global stock markets are currently on a downward spiral. Brent has crossed the ૯૨ 7 mark as international crude oil prices continue to rise. Geopolitical tensions have also become a risk factor as tensions between Russia and Ukraine have risen again. Among these risk factors, next week the Sensex will close at 4 and the Nifty spot 12 will close at 1,315 and close at 1,215. Review of Dark Horse Shares-Scripps Recommendations As per the recommendations of 6 scrips made here in the last one year as Dark Horse, according to the closing price of shares of 11 companies from here today, February 307, February 208 and the results of 31 companies out of these companies for the third quarter from October to December 2021 have been announced. Is. Accordingly, it is recommended to sell seven stocks from here. While 6 scripo-shares have been placed under single B valuation. While the shares of 12 companies are yet to be declared as quarterly results of the co

Amid fears of war between Russia and Ukraine (Gujarat News Office) MUMBAI: The bullion market in Mumbai's jewelery market was officially closed today due to Saturday. However, prices of precious metals rose sharply in the closed market. As tensions between Russia and Ukraine escalated, global crude oil and gold-silver prices soared, and so did domestic demand. In the Ahmedabad market today, the price of gold jumped by Rs 1,100 per 10 grams, jumped by Rs 21,000 to Rs 31,600 from 2.50 and Rs 21,200 from 2.50. In the Mumbai market, the price of gold excluding GST was quoted at Rs 8 per ounce of Rs 2.50 while the price of gold at Rs 7.50 was quoted at Rs 6 per ounce. While prices with GST were three per cent higher than this. The price of Mumbai silver was Rs 50 with GST excluding Rs 319 while the price with GST was three per cent higher than this. Meanwhile, gold prices in the world market jumped from ૮૨૯ 15 to ૮૩ 120 an ounce to ૮૬ 161 to 17 and were reported to be at ૮૫૮ 16 to અ

The word 'unknown person' is mentioned 3 times in the 150 page order of SEBI against NSE. MUMBAI: The National Stock Exchange (NSE) and its former MD-CEO Chitra Ramakrishna, along with two others, have been fined a total of Rs. A fine of Rs 5 crore has been imposed and other restrictions have been imposed. The most surprising thing in this case is the 'yogi' living in the Himalayas who guided Chitra Ramakrishna, whom he never met face to face. The word 'Unknown Person' is mentioned six times in SEBI's 150 page order against NSE. Former NSE MD and CEO Chitra Ramakrishna at rigyajursama@outlook.com e-mail address to this stranger as per the SEBI order. Were discussing it. They call this invisible yogi 'Shiromani'. Sources said that Chitra Ramakrishnan was made MD and CEO of NSE in April 2013 and had the support of a powerful politician from Delhi. However, Ramakrishna was expelled from the NSE in December 2013 for co-location and algo trading scand

(Gujarat News Office) MUMBAI: The Mumbai Oilseeds Market was witnessing a surge in various domestic and imported edible oils today. The world market was booming. Manufacturing establishments are also firm. Meanwhile, the castor and castor market witnessed a tumultuous rally today. In the castor futures market, the price of Kiev jumped more than Rs. Mumbai spot castor price increased by Rs 100 to Rs 200 while Mumbai spot castor oil price increased by Rs 50 per 10 kg today and variety price was quoted from Rs 150 to Rs 150. In the wake of export inquiries against conditions like short supply, there was talk of the market becoming bullish and active. Meanwhile, in the Mumbai spot market, the price of 10 kg of imported palm oil rose by Rs 150 to Rs 15. The hawala resale traded at 100 to 150 tonnes. Crude palm oil CPO Kandla was up by Rs 150. Soyoil prices rose to Rs 150 from Digam and Rs 15 to Rs 12 from Rifa. Peanut oil was priced at Rs 150 to Rs 120 and cottonseed oil was priced at R

(Gujarat News Office) MUMBAI: Silver prices were on a downward trend in the Mumbai jewelery market today. Gold also showed a high level of caution. World market news was booming. Inflation in the US has risen sharply, breaking a 20-year record. This led to a rise in the dollar index in world markets as interest rate hikes are likely to be aggressive. Gold prices were under pressure. World gold prices were at ૮૨૯ 151 to માં 15 an ounce, down from ૮૩ 161 to 12 an ounce. Global silver prices also hovered between ૩૫ 4.5 and ૩૬ 7.5, up from ૮૬ 7.5 to ૮૭ 7.5 and from ૩ 2.05 to ૪ 2.09. In the Ahmedabad market, gold prices fell by Rs 100 per 10 grams to Rs 30,400 from Rs 2.50 and Rs 30,700 from Rs 3.50, while Ahmedabad silver prices fell by Rs 200 to Rs 300 per kg. Platinum prices in the world market ranged from ૨૮ 105 to ૨૯ 105 to ૨ 1020 to ૨ 105 to ૩૬ 105 to ૨ 105, while palladium prices ranged from ૭ 50 to ૨૯ 21 to ૭ 215 to ૮ 215 to ૮ 5 to ૨૨૬ 90. Global copper prices fell two per cent

MUMBAI: A record 3 lakh demat accounts have been opened in January ahead of LIC's mega IPO and a new record could be set in February. Stock brokerage firm LIC has been active in opening demat accounts for policyholders. According to market analysts, LIC plans to allot shares to its insurers at a discounted price under the IPO to make the massive public issue a success, with policyholders reserving up to 10 per cent stake in the IPO. Online Brokers Traditional brokers are offering a variety of schemes and gift vouchers, free trading in LIC shares for one month to attract LIC agents and policyholders to open a demat account with them. According to the latest figures from NSDL and CDSL, the number of demat accounts increased from 3.08 crore at the end of December 2021 to 6.4 crore at the end of January 31, 2008. At present, the number of LIC policyholders is around 20 million. Notably, insurance policyholders have a more emotional connection with LIC than investing and do not want

(Gujarat News Office) MUMBAI: The rupee depreciated sharply by 3 paise today on the back of a faster rise in interest rates in the US as inflation rose faster than expected and the Reserve Bank of India (RBI) kept interest rates unchanged. And at the end of the day, it was down to a two-week low. The rupee depreciated sharply against the dollar in early trade today on the back of a sharp rise in the dollar. In the United States, where inflation has soared to a 30-year high, the dollar has risen amid speculation that the government may be more proactive in raising interest rates. The fall in the stock market and higher crude prices have also had a negative impact on the rupee, market sources said. In the Mumbai market, the dollar opened at Rs 4.5 in the morning and closed at Rs 4.5 after hitting a high of Rs 4.5. The dollar had gained 6 paise today. The dollar index rose from 7.5 to 8.05 to 7.5 against various major currencies in world markets today. The British pound also rose agai

New Delhi: Inflation in the US has reached a 20-year high. The US Department of Labor has released 18-month inflation figures for January. It has risen to 4.5%. This is the highest level of inflation in the US after 19. Experts did not expect such a sharp rise in inflation. With inflation reaching a 30-year high, the US Federal Reserve will soon raise interest rates, which will have an adverse effect on India. The Federal Reserve will raise interest rates sharply to control inflation in the US. This will increase the yield in America. This will allow foreign funds to withdraw money from emerging markets and invest in the US. Third, rising interest rates in the US will make it more expensive for Indian companies to raise money there. In fact, when inflation is very high in any country of the world, it affects other countries as well. Especially when it comes to the US economy, high inflation is likely to have an impact on other countries, including India. First, the effect is in the

(Gujarat News Correspondent) MUMBAI: The US Federal Reserve has raised interest rates seven times this year as inflation in the US hit a new 20-year high of 7.5 per cent yesterday and a sharp rise in bond yields has forced the US Federal Reserve to raise interest rates. Tensions were high over the US Secretary of State's statement that Russia could invade Ukraine at any time, with global markets crashing and Indian stock markets crashing over the weekend. Inflation is on the rise on the international front, with international crude oil prices hovering around ડો 100 and Brent crude approaching ૯૩ 3, a clear indication of sharp rise in petrol and diesel prices in the coming days after state elections in India. Funds, experts and players today rallied all-round overbought positions in the stock market, indicating that they would be forced to raise rates. Profit-booking in IT-software services, technology stocks, massive offloading, banking-finance, FMCG, pharma stocks, Sensex fell by

- Gautam Adani's Adani Group has 50% stake in Adani Wilmer, the remaining 50% stake is held by Singapore's Wilmer Group New delhi date. Friday, February 11, 2022 Adani Wilmer, a member of the Adani Group, which has been listed on the stock exchange this week, continues its impressive performance. In just 3 days, the company's stock has risen more than 60 percent. As a result of this huge rally, the company's MCap has also increased rapidly and now it has entered the top 100 companies listed in the stock market. Rally of this stock for 3 consecutive days Adani Wilmer's stock jumped 19.99 per cent to Rs 381.80 on the BSE on Thursday. The stock jumped 19.99 per cent to Rs 386.25 on the NSE. Earlier on Wednesday, the stock had jumped 19.98 per cent to close at Rs 318.20 on the BSE and closed at Rs 321.90, up 20 per cent on the NSE. The stock was listed at about 4 percent discount on Tuesday. It then recovered and closed with a strong 18 percent gain. Increase in m

Investors' wealth increased by Rs 1.15 lakh crore to Rs 4.31 lakh crore (Gujarat News Correspondent) MUMBAI: The Reserve Bank of India (RBI) today raised the reverse repo rate of the majority and kept the repo rate unchanged, keeping all rates unchanged. And the Nifty had crossed the 1200 level. The rising risk of inflation and international crude oil prices started to rise again this evening, with Brent hitting ૧ 6.10 and Nymex ૩૮ 20.5, and the US dollar crossed the Rs 7 intra-day level against the rupee in the coming days after state elections. Funds led a short-term rally in stocks today, despite expectations of a sharp rise in diesel prices. In banking-finance, IT-software services, metal-mining stocks, the Sensex surged 30.05 points to close at 1.08 and the Nifty spot rose by 16.09 points to close at 1,306.5. Bankex up 3 points: HDFC Bank up Rs 5, Kotak Bank up Rs 5, State Bank up Rs 5, AU Small Bank up Rs 10 As the Reserve Bank of India (RBI) kept interest rates unchanged