Market and Business News

(Gujarat News Correspondent) Mumbai, Ta. 14 November 2020, Saturday Vikram Samvat 207 was launched today with new records in the Indian stock markets. The one-hour Muhurat trading session held today set new bullish records. Foreign portfolio investors-FPIs stocks continued to buy. Today, funds in banking-finance, IT-software services, automobiles, power-capital goods, oil-gas, healthcare stocks rose. Following the Modi government's relentless efforts to save the country from the Corona epidemic, the self-reliant India 2.0 stimulus package has been announced as part of an effort to get the economy back on track, with a number of incentives and reliefs expected to boost industrial-economic activity. Was maintained. Despite the weak second-quarter results of Tata Steel yesterday, the funds remained attractive to the stock. After setting a new record, the Sensex finally rose 12 points to 9 and the Nifty spot rose 30.50 points to close at 120.8. With this, the Sensex has risen 11 per

Ahmedabad. 14 November 2020, Saturday Vikram Samvat has bid farewell to the stock market in the year 207 by setting new records amidst the adversities of the Koro epidemic. All eyes are on the momentary trading in the stock market this evening with new rays of hope. If we look at the data of past muhurat trading, the smallcap-midcap sector has shown a superior performance than the Sensex during muhurat trading during the last 10 out of 10 years. If we look at the data of the last 10 moments of the trading session, the Sensex has given a positive return six times out of 10. If we talk about the days after Muhurat trading, it has improved by half a per cent in the next three days and 0.5 per cent in the next three sessions. However, a positive trend has been observed 3 times out of an average of 10 times. On the other hand, if we look at the trading activity of the smallcap-midcap sector on the other hand, the midcap index has improved by one per cent three times out of 10. On the ot

(By commerce representative), Mumbai, Ta. 14 November 2020, Saturday Prices of various domestic and imported edible oils rose in the Mumbai Vikram Samvat Muhurat trade in the Mumbai Oilseeds market today and prices of most edible oils were higher, except for the decline in the only sunflower oil. About 2,000 tonnes of imported palm oil was traded for various deliveries in New Year's Eve today, market sources said. These trades were in the range of Rs 5 to Rs 5 per 10 kg and finally the prices were quoted up to Rs 3. In addition to palm oil, soybean oil was also traded in small quantities at the moment, experts said. Meanwhile, in the Mumbai spot market, the price of 10 kg of cingulum oil rose by Rs 1,20.5 per kg, while cottonseed oil rose by Rs 1,031.5 per kg, palm oil by Rs 20.5 per kg and soyoil digam by Rs 1,031.5 per kg. Refined prices were Rs 1,031.5, mustard Rs 1,31.5, while sunflower prices were down Rs 1,190.5 and refined Rs 1,13.5. Meanwhile, crude palm oil (CPO) Kandl

(By commerce representative), Mumbai, Ta. 14 November 2020, Saturday The bullion market in the Mumbai jewelery market was closed today due to Saturday and according to market sources, New Year's Eve deals are scheduled to take place in the Mumbai market on Monday. Meanwhile, gold prices rallied in the bullion market today, while silver prices rebounded. Meanwhile, world market news was bullish and the import cost of precious metals was soaring in the festive atmosphere at home that it was time for consumers to pay higher prices today to buy gold and silver during the festive season, market sources said. Experts said that the effective import duty on gold and silver has increased as the government has increased the tariff value used as a benchmark to calculate the import duty on gold and silver imported during the festive season. The central government has hiked the tariff value of gold from ૬ 205 per 10 grams to ૬ 303, while the tariff value of silver has been increased from ૭૭

(Gujarat News Correspondent) Mumbai, Ta. 14 November 2020, Saturday The Indian government was also forced to announce a self-sufficient India 2.0 stimulus package last week in a bid to get the global economy back on track with a new round of global epidemics. Incentives have been given to industries, including the agricultural sector, but the Reserve Bank of India has said that the economy is in a historic technical recession and GDP growth has been negative at 7.5 per cent for the second consecutive quarter ending September 2020. The economy contracted by 3% from April to June. With these figures, India entered a technical recession for the first time in history in the first half of 2020-21, according to a report published by Navcast, a warning sign for the economy. Which cannot be ignored by any means and this picture of the economy is also a warning sign for the Indian stock markets. The stock markets are currently witnessing a new historic boom in the steady influx of foreign fun

- Details disclosed by the Reserve Bank New delhi date. Saturday 14 November 2020 The Foreign Exchange Reserve set a new record in the country ahead of the Diwali supper celebrations. The foreign exchange reserves increased by 8 billion in the week ended November 6, the Reserve Bank said. A new record was also set on October 30 this year when the total foreign exchange reserves stood at 60 560.718 billion. It traded at 56 568.49 on November 6. The rise in foreign currency assets has led to a sharp rise in foreign exchange reserves, the RBI said. According to the Reserve Bank, foreign currency assets (FAC) rose by 6. 6.403 billion to 52 524.742 billion in the week ended November 6. FACs are usually expressed in dollars. However, it also includes the pound, euro, yen, etc. According to a PTI report, the country's gold reserves rose from 1. 1.328 billion to .5 37.587 billion. Special withdrawal rights to India from the International Monetary Fund increased from 70 7 million to 4

Mumbai, Ta. 13 November 2020, Friday Another stimulus announced by the central government for the country's economy is expected to widen the country's fiscal deficit to 5.50 per cent of gross domestic product (GDP) in the current financial year. The stimulus includes other schemes, including a production-linked incentive scheme and an increase in the cost behind the fertilizer subsidy. The government has claimed that the size of the last released stimulus is about one per cent of GDP. Due to high expenditure and subsidies, the Centre's fiscal deficit could be as high as 2.50 per cent of GDP in the current financial year, the economist said. Earlier in the day, the Center had set a fiscal deficit of 7.50 per cent of GDP for the current financial year. Although the Center has not yet made any changes to its target, various rating agencies have projected the deficit to go up and there is a possibility of further changes. Care Ratings had earlier set a target of 5 per cent

(By commerce representative), Ahmedabad, Mumbai, Ta. 13 November 2020, Friday With the onset of the Diwali festivities, edible oil prices have once again come under fire. At Ahmedabad Oilseeds Market, the price of groundnut label label tin has gone up by Rs. 30 to Rs. 30 while cottonseed oil also rose to Rs. 30 and reached the level of 120. Along with these two major oils, soybean prices have also gone up by Rs. 50 and Rs. 10 were increased. Thus, housewives' budgets have been disrupted due to rising oil prices during the festive season. In the Mumbai oilseeds market, cottonseed oil prices rose today, against a rise in prices of various imported edible oils, market sources said. World market news, however, showed two-way narrow fluctuations in edible oils. In the Mumbai spot market today, hawala resell in imported palm oil traded at just Rs 80 to Rs 100 per 10 kg at a head-to-head basis and market players were now eyeing Saturday's muhurat trades. Meanwhile, India's tot

(Commercial Representative Gate) Mumbai, Ta. 13 November 2020, Friday On today's Dhanteras day, domestic gold prices improved while silver remained soft. Gold demand was significantly lower than last year due to the corona. The lure of gold and silver coins was in great demand. The world market also saw an improvement in the precious metal. The rupee appreciated against major currencies in the domestic currency market. Globally, crude oil prices continued to soften. In the Mumbai market, the price of gold, excluding GST at Rs 3.50 per 10 grams, which was Rs 305 yesterday, rose to Rs 5,050 today and closed at Rs 305. Gold was trading at Rs 30,205 per ten grams and closed at Rs 305. Prices with GST were quoted three per cent higher. Silver was trading at Rs 31 per kg, up from Rs 21 per kg, at Rs 500 per kg. Prices including GST were three per cent higher. Demand for silver and gold coins was limited. Dhanteras, however, has not seen much demand. In the Ahmedabad market, gold ros

New delhi date. 13 November 2020, Friday India's fuel demand rose for the first time in eight months in October. Fuel demand has been declining since February this year. Fuel demand has increased in the country due to the decline in corona cases, increased mobility and the pace of economic recovery. Consumption of refined fuels, an alternative to oil demand, rose by 2.50 per cent year-on-year to 15 million tonnes in October. According to the Petroleum Planning and Analysis Cell, consumption has increased by 12 per cent compared to September. Cowid's cases are also coming down to a level where demand is returning to normal, an analyst said. Fuel demand is expected to increase further as public transport services continue to grow. Diesel consumption in October rose by 2.50 per cent year-on-year to 3.50 lakh tonnes. On a monthly basis, consumption has increased by 3%. Diesel accounts for about 50 per cent of the country's overall refined fuel sales.

Mumbai, Ta. 13 November 2020, Friday In October this year, private equity / venture capital (PE / VC) investments in the country grew by 12 per cent year-on-year. The country has seen PE / VC investment of ૪ 2.50 billion in October this year as compared to 2.50 billion in October last year. The highest investment is seen in the real estate sector. The month of October is getting better in terms of value. The growth is due to huge investments in Reliance Retail Ventures and some real estate projects. Reliance Retail had a PE / VC investment of ૩ 2.50 billion, while some commercial real estate projects saw an investment of 2.50 billion. New contracts worth more than ૧૦ 100 million were signed in October, up from five in October last year. The total value of the ten deals was ૬ 2.50 billion, while the value of the five deals in October 2016 was 4.50 billion, according to a research firm. However, compared to October last year, the total PE / VC investment in the country was five per

(Gujarat News Correspondent) Mumbai, Ta. 13 November 2020, Friday The central government yesterday announced a self-reliant India 7.0 stimulus package, incentives to many industries and sectors, as well as incentives for farmers in the agricultural sector. Foreign funds reassured India Growth Story and continued to buy stocks over the weekend. . After a softening in early trading, the funds rallied in banking-finance stocks as well as stocks of metal-mining and pharmaceuticals companies, pushing the market from negative to positive. With the BJP-led victory in the Bihar Assembly elections at home and the Modi government's commendable stimulus measures as well as a resurgence of buying in the people's markets during the festive season and a change of power on the global front, Joe Biden's market is set to rise. Shares of banking-finance, metal-mining and pharmaceuticals companies rallied after the initial decline, after which the Sensex rose by 3.31 points to close at 9 an

-Backthrough Energy will invest Rs 375 crore in the venture -Gates plan for clean and alternative energy Mumbai Dated 13th November 2020 Friday The country's richest businessman Mukesh Ambani was rumored to be investing Rs 375 crore in Bill Gates' venture Green Energy Venture for clean energy. This was said to be an ambitious plan to provide clean energy to the whole world. With the move, Mukesh topped the list of billionaires like Bill Gates, Jeff Bezos, Michael Bloomberg, Jack Ma and Masayoshi Son. All of these rich people have invested in Bill Gates' backthrough energy venture. Reliance told stock exchanges on Thursday that Reliance had entered into an agreement for a કો 50 million capital contribution to Bill Gates' backstroke energy venture, a limited partnership company formed under the laws of the US state of Delaware. Bill Gates' venture was looking for alternatives to clean energy and to address the environmental crisis in addition to the development

(Gujarat News Correspondent) Mumbai, Ta. 12 November 2020, Thursday Amidst the progress being made in the search for vaccines around the world amid the Corona epidemic, the Modi government today announced a stimulus of Rs 4.5 lakh crore in a commendable Self-Reliant India 5.0 package to Finance Minister Nirmala Sitaram. The record-breaking rally was halted today as the overbought position in Indian stock markets eased, despite the announcement of credit guarantee support for stressful sectors and incentives, including a self-sufficient India employment scheme. The Finance Minister today announced income tax reliefs for home buyers and real estate developers, including a special EPF scheme for new hiring units. Moody's forecasts for India's GDP growth at 2050 per cent have been raised by funds in anticipation of a rapid recovery in the coming days as the economy recovers, citing commendable efforts to boost sentiment by presenting statistical evidence and boosting sentiment in

(By commerce representative), Mumbai, Ta. 12 November 2020, Thursday In the Mumbai oilseeds market, cingulum oil prices remained subdued today, while cottonseed oil prices rose on the back of manufacturing. Meanwhile, prices of imported palm oil, soyoil and sunflower oil also rose on the back of festive prices. World palm oil prices have risen to an eight-and-a-half-year high, while global soybean prices have risen to a four-and-a-half-year high. Meanwhile, in the Mumbai spot market, palm oil traded at 150 to 200 tonnes in hawala resell today, while refineries' direct deliveries traded at Rs 4 for November and Rs 4 for December. Today, the total trade in palm oil was around 600 to 700 tonnes. In Malaysia, meanwhile, palm oil futures rose 3 points today, while palm product prices rose another ૫ 6 to ૫ 2.50. There was a bullish mood as production and stocks declined. Meanwhile, in the Mumbai spot market, the price of 10 kg of cingulum oil was quiet at Rs 1,50 today, while cotton

Ahmedabad. 12 November 2020, Thursday Following the implementation of the lockdown, foreign institutional investors (FIIs) reactivated the Indian stock market in mid-April and launched large-scale acquisitions. However, in the September quarter they have reduced their stake in preferred stocks. A study of FII's available investment data in the Indian stock market reveals that it re-entered the Indian stock market after mid-April, increasing its stake in a number of large-scale undertakings. Speaking on the other side of the issue, a number of stocks at the bottom of the stock market at the time of the lockdown also fell to the bottom. However, after suffering this shock, the market continued to improve. Is. As a result, the capital of investors in many stocks has doubled. During the September quarter, FIIs reduced their holdings out of a total of nine stocks, of which nine stocks have risen from 100 per cent to more than 200 per cent in the current financial year. Most of thes

Mumbai, Ta. 12 November 2020, Thursday The Indian rupee is expected to return to its previous level by March next year. Nomura's view comes in light of the Reserve Bank's ability to withstand the occasional surplus in the current account and the strength of the rupee. The rupee is expected to recover to Rs 5 per dollar by the end of March. This level was observed in February of the current year. For the first time since 2009, the country is witnessing a current account surplus due to low crude oil prices and weak demand for crude oil. Signs of economic recovery are also supporting the rupee's recovery. The country's manufacturing activity was at a decade-high in October and FDI growth from April to August was 18 per cent year-on-year. However, unlike Nomura, ICICI Bank expects the rupee to touch Rs 5 per dollar by the end of March.

Mumbai, Ta. 12 November 2020, Thursday In the calendar year 2020, the country's economic growth rate, which was earlier projected to decline by 7.50 per cent, has now slightly improved to 7.50 per cent, according to Moody's. The country's GDP, which was earlier projected at 7.10 per cent in 2021, has been revised to 7.50 per cent. The vote comes in the wake of a drop in corona cases in the country, according to a report by the global rating agency. In India, the test positivity rate has come down to less than five per cent. The death rate due to corona is also coming down in most emerging countries. If this rate is maintained, it will not take long for mass mobilization and social mobilization to begin. In addition, after the discovery of the vaccine, the fear of corona will disappear in 2021 and 203. In the June quarter, India's economic growth rate was as low as 5 per cent year-on-year. Corona caused a gap in GDP due to the nationwide lockdown. Lockdowns are bein

(By commercial representative) Mumbai, Ta. 12 November 2020, Thursday On the eve of Dhanteras, domestic gold saw a decline today behind the world market. The rupee saw mixed flows against the global currency. Prices eased on expectations of lower demand for crude oil. However, in the Mumbai market, since the eve of Dhanteras 2016, on the eve of Dhanteras this year, the price of gold has gone up by Rs 15,000 per ten grams and the price of silver by Rs 15,000 per kg. Gold was softening on the eve of Dhanteras in the domestic Mumbai market today. Gold, excluding GST of 10.50 per ten grams, which had closed at Rs 30,605 yesterday, fell to Rs 3,050 and closed at Rs 305. Gold was trading at Rs 30,605, up from Rs 30,605. Prices with GST were quoted three per cent higher. Silver. The price of one kg without GST was Rs. Prices were quoted three per cent higher with GST. In the Ahmedabad market, gold fell by Rs 500 to Rs 21,200 at Rs 2.50 and Rs 4,100 at Rs 4.50. Silver fell by Rs 200 to Rs

Mumbai, Ta. 12 November 2020, Thursday Corona has seen its profits rise in the September quarter after at least a decade of lows in the first two quarters of the current year, and the bad days for Indian companies are coming to an end. According to a research report, the gross profit of six of the NSE Nifty 50 companies grew by 2.50 per cent year-on-year in the September quarter. The next two quarters saw a double-digit decline in corporate profits. IT companies like ICICI Bank and Infosys have outperformed analysts in the Nifty 30, indicating that the business is improving faster than expected. The bad days seem to be over as far as corporate India's revenue is concerned, the report said. Companies claimed that the increase in profits was due to cost-cutting measures and improvement in demand. India's economic growth rate is likely to be negative for the first time in four decades in the current financial year. Factors such as the success of the Corona vaccine, the end o