Market and Business News

(Gujarat News Representative) Mumbai, Ta. August 26, 2019, Monday Finance Minister Nirmala Sitaram announced the withdrawal of budgetary surcharges on Foreign Portfolio Investors (FPIs) last weekend and also eliminated the enhanced surcharges on Long-Term and Short-Term Capital Gains (LTCGs) with Banking-Finance, Banking-Finance. Indian stock markets today saw a positive impact. However, after the stimulus package opened momentarily in the open market, Indian markets fell sharply behind global markets, especially Asian markets, and last week, the two countries announced trade unions, raising concerns about US-China trade wars imposing tariffs on each other. Index-based jump in stocks was washed out. With the offloading of metal-mining stocks, the frontline stocks plummeted to a negative zone. The US-backed Donald Trump re-swept the trade agreement with China on a U-turn as the market swelled again. Banking-finance stocks, with huge short cover of funds, attracted FMCG, Capital Goods-

Mumbai, Ta. August 26, 2019, Monday New demand for the Mumbai oil-seeds market was slow today. Businesses were scattered. World market news was encouraging. In Malaysia, today's futures futures were at a point higher in the current market at 5 to 5 points plus the evening price was finally at Rs. There, however, the prices of the palm product were two and a half dollars soft. Meanwhile, soybean futures prices in the Chicago market in the United States were up 5 points this evening. The recent agitations between the United States and China over the recent news that the talks would resume after the trade war broke out, were aggravated by US agricultural markets calling for a shock. Meanwhile, in the spot market in Mumbai today, the price of kg was Rs. 2 per liter of Havla resale and Rs. 2 of JNPT. Trade was slow, though. Meanwhile, prices of crude palm oil CPO Kandla remained at Rs. While CPO futures prices were up by Rs 1.8, the price was Rs. 7 in the evening while soyatel futur

New delhi date. August 26, 2019, Monday Kharif plantations have increased significantly in the past week as farmers in Central India prefer to harvest more cotton and soybeans. However, the kharif cultivation area is still less than two percent lower in the current year compared to August 1 last year, according to data released by the Ministry of Agriculture. By August 1, kharif cultivation on a total area of ​​1 lakh hectares has been completed, which was 1 lakh hectare in the same period last year. In the current kharif season, cotton, tuwar, bajra, maize and soybean planting are currently higher than last year. In Maharashtra, Telangana and Rajasthan, cotton sowing was seen in the past week and acreage has been completed on an area of ​​1.5 lakh hectares, which is about 8 percent higher than last year. In addition, soybean cultivation also remained as high as one percent. Half and pulses of beans in pulses were down by 8 per cent and 0.6 per cent, respectively, while tewar sowi

Mumbai, Ta. August 26, 2019, Monday The demand for steel in India is likely to remain at a three-year low as the economic downturn is likely to get darker. In the current financial year, the country's steel demand is likely to grow at less than 5%, a rating agency said. During the year ended March 1, steel consumption increased by 8.5 percent. Then the current money is expected to grow at the slowest end of the year. Earlier, the rating agency was expecting a growth rate of 3 to 5 percent, but given the current situation, the growth estimate of 5 percent was too high, the agency sources said. India's steel companies are thriving in the current year. Tata Steel's June quarter profit fell to more than two years, while JSW Steel's profits also dropped significantly. In India, financing and economic growth rate in the NBFC sector, which have fallen below five years, have also affected the consumption of steel. The BSE metal index has fallen more than 5 percent this yea

New delhi date. August 26, 2019, Monday Today, the currency of the yuan fell to the bottom of the five-year low, with the US-China trade union dominating, with China's economy shocking. According to global trade experts, the trend of trade wars between the United States and China has gradually increased. This is adversely affecting the economy of the country. Which has affected China more. Hong Kong's adversity has also had an impact on China's economy. Due to the adverse environment created by China today, the yuan was broken down by the dollar at the dollar level. Which is the lowest level since February 1. It is worth mentioning here that due to the vigor of the tradeworm, the Chinese authorities have reduced their currency devaluation by 8.5% in the early months of the current month.

New delhi date. August 26, 2019, Monday According to a report by FICCI, the country's economic growth rate will remain at 5 percent in the June quarter of the current fiscal year. In the June quarter of last financial year, the country's economic growth rate was 8.5 percent. GDP figures for the June quarter of June 5-7 are set to be released next week. According to the latest data released by the NSSO, the employment situation in the country is again very clear, according to Fikki's Economic Outlook Survey. It is projected to remain at the lowest rate of 8.5 percent and the upper at 8 percent. Most of the economists who participated in the survey said that the Reserve Bank will maintain its commodity stance and further reduce the repo rate for the rest of the fiscal year 0-7. He claimed the prevailing interest rates were too high. Participants in the survey said that reducing the costs of doing business, regulatory reforms, labor reforms and advertising of special pack

New delhi date. August 26, 2019, Monday The measures announced by the finance minister are meant to be short-lived in order to accelerate the slowing economy growth. Various economic experts said the government should take specific structural steps to boost the economy. The Finance Minister announced other encouraging steps, including the abolition of surcharges, the adoption of a new currency in the banking sector, to boost the country's economy. The move will mainly benefit foreign investors as well as banks. Other areas will not be particularly benefited by the announcement of relief, Arthur said. In the meantime, the finance minister has not announced any special measures to provide relief to the auto sector. According to an Indian economist working in a Singapore-based institute, these steps are short-term relief. But, the Indian economy needs precise structural measures. It is only with such measures that the economy will be boosted. It is worth mentioning here that it h

(Gujarat News Office) Mumbai, Ta. August 26, 2019, Monday The precious metal was gaining momentum in the Mumbai jewelery market today. There was a new record in gold. World market news was encouraging. In the domestic currency market today, the dollar against the rupee also went up by Rs. As a result of this, prices of domestic metals were rising as prices of imported metals increased. In the Ahmedabad market, a new history of gold prices was created today, with gold prices rising by Rs 5 to Rs 5 and Rs 5 by Rs 5. In the Ahmedabad market, silver also rose further by Rs 8 to Rs 5 per kg on higher offtake. In the global market today, gold prices were trading at $ 5 a barrel higher and the prices were trading at $ 1.3. Meanwhile, in Mumbai jewelery market today, without GST, the price of gold was closed at Rs. While the price of 5 was closed at Rs 6, it was closed at Rs. While prices with GST were up 5%. Meanwhile, silver in the Mumbai market today closed at Rs 5 per kg without GST of

New delhi date. August 26, 2019, Monday Gold prices have risen sharply in the past decade. Looking at the price of gold, the price of gold in 1964 was Rs 63.25 per 10 grams. In 2008, the price of 24 karat gold stood at 12,500 per 10 grams, while today the price of gold has crossed 40 thousand on Monday 26th August. There are several factors influencing the rise in the price of gold. Gold prices have risen nine thousand in the last one year. In 2018, the price of gold was Rs 31,438. In the last 8 months, there has been an increase of 10 grams per nine thousand rupees. Gold is still considered a good investment option by the people and this is seeing the rise. The price of gold has been rising steadily this month. This is also happening due to the situation of the tradewar between China and the United States. Gold is considered a good option for investing in this period of recession, when there is a recession in the country and many countries abroad. Except for the wedding season

Ahmedabad. Monday 26th August 2019 The finance minister has withdrawn the surcharge from FPIs, ie, foreign portfolio investors, in a relief package announced to boost the economy. The news has given the market a huge relief and in response to this, the stock market has risen on the opening of a new week today. Following the reports, the Sensex moved quickly behind a steady new take from Chomer after the slowing trend in early trade, and at one point, the intraday level rose 372.46 points to end at 37494.12 after touching a level of 37544. The NSE Nifty, on the other hand, also closed at a high of 11057.85 at the end of trading after touching 11070 with the intraday 11000 jumping from the beginning of trading.

Mumbai, Ta. 23 August 2019, Friday Sentiment in Indian stock markets is expected to improve again as Finance Minister Nirmala Sitaram is forced to withdraw this provision after the FPIZ-Foreign Surcharge was imposed in the Budget on July 9, the last day. In addition, the decision to provide necessary capital for banks and encouragement to enterprises in the coming days or next week, along with the relaxation of GST rates, is likely to trigger the boomfishing of funds in stock markets. The Finance Minister has been forced to announce the withdrawal of surcharges on Long Term and Short Term (LTCG) equities on Friday evening with the announcement of withdrawal of additional surcharges imposed on FPIZ-Foreign portfolio investors and on local investors. Both of these factors will remain undoubtedly positive for the market. With the removal of foreign investors, the finance minister may have corrected his mistake today by selling off his funds in the Indian stock markets. Is. So, these

(Gujarat News Representative) Mumbai, Ta. 23 August 2019, Friday With the economy coming to a halt and the industry, investors are thriving, Finance Minister Nirmala Sitharaman Ashish-Stem by economic minister Nirmala Sitharaman after reducing the sentiment by imposing an additional burden of surcharge on Foreign Portfolio Investors (FPIs) instead of providing industry-friendly incentives to the central budget this time. Continued Delayed Stocks Extraordinary Strike b �દ આજે અંતે એફપીઆઈઝ અને સ્થાનિક ઈન્વેસ્ટરો પરના સરચાર્જ રોલબેક કરવાની અને લોંગ ટર્મ અને ઈક્વિટી પર શોર્ટ ટર્મ કેપિટલ ગેઈન્સ(એલટીસીજી)ના વધારાના સરચાર્જને પાછો ખેંચવાની ફરજ પડી ઈન્વેસ્ટરો-ફોરેન ફંડો સામે સરકારે ઝુંકવું પડયું છે. After giving solace, the market today took a U-turn at the end of index-based trading, giving a solid signal. The fund did a short cover, with hopes of this surcharge on FPIs being rolled out and finance minister Nirmala Sitharaman announcing a press conference in the evening, raising expectation

Mumbai, Ta. 23 August 2019, Friday New demand in the Mumbai oil-seeds market was slow today. After a significant trade in Palmetal in the last 2-3 days, new purchases were slow today. The prices, however, remained firm. In the world market today, the futures price of palmetta in Malaysia was finally closed at 5,7,2 and 6 points plus when the prices of palm products were quiet. In the spot market today, there was a price of Rs 5 per kg of hawala resale and 8 of JNPT. New businesses were a fan. Crude Palm Oil CPO prices for Kandla remained at 5 to 7. Meanwhile, CPO futures prices in the futures market today were 7.4. In the US market, soybean futures overnight in the Chicago market remained soft at 5 to 5 points, and today the projection prices remained at 5 to 5 points in the evening. Meanwhile, the soybean futures overnight were 5 to 5 points soft. While soybean futures remained at minus 5 to 5 points. New York Cotton futures overnight were 3, 5 and 5 points tangled. In the spot ma

Ahmedabad. 23 August 2019, Friday Although the stock market improved today with optimism for FPI relief, the pressure to sell in small-midcap stocks came down at the bottom of the BSE Smallcap Index 3-month and Midcap-Index 3-month, among other adverse factors, including weak earnings. Smallcap dropped to the bottom of Index 3 during trading hours at the Mumbai stock market today. Which is the lowest level since December 3. Midcap Index, on the other hand, dropped to the bottom of Index 2 today. Which is the lowest level since February 3. The smallcap index fell 5% this week following heavy pressure from smallcap-midcap stocks. While the midcap index is down by 8.5%, the biggest weekly decline of the last 6 months. During this time, the Sensex has fallen 5%. The smallcap index was down 5.5% during the week ended September 6. The midcap index was down 4%. About 3 stocks in this index are operating at its all-time low level.

Kolkata, Ta. 23 August 2019, Friday The government is reactivating its plans to make Bureau of Indian Standards (BIS) hallmarking mandatory for gold jewelery. Of the three lakh jewelers in the country, only 1 percent of the jewelers have registered for BIS. The Central Government is likely to announce new rules to the World Trade Organization within a week, said an official of the All India Gems and Jewelers Domestic Council. India has to inform the World Trade Organization before entering into any mandatory rules as the World Trade Organization has signed a contract. Of the gold jewelery manufactured in the country, 5 percent of the jewelery is produced by around 1.5 lakh jewelers who have not obtained a hallmarking license from BIS. In the last financial year, 1.5 crore jewelery containing 5 to 5 tonnes of gold was with Hallmark. However, the import duty on gold in the current financial year may be lower due to the impact on surplus sales, said an official of the Indian Associat

Mumbai, Ta. 23 August 2019, Friday While the share prices of several public sector enterprises are currently falling at an all-time low, the government's disinvestment plan of Rs 1.8 trillion may be hit by the current fiscal year. The share prices of some public sector enterprises have been at a low level for decades. The BSE PSU Index has declined by 5% in the last one year, which has declined by 5% so far. Compared to this, the Sensex has shrunk by 8.2% in the last one year while in terms of 1, it is still 8.2% higher. The target of disinvestment has been increased to Rs. The Government intends to consolidate such initiatives through strategic sales in public sector non-financial sectors. Oil India, GIC of India, Coal India and MTNL share prices fell to new lows. In addition, Sail, Shipping Corporation of India and ONGC have been speaking at a low level for several decades. The market will continue to be under pressure when the economy is slumping and corporate earnings are

New delhi date. 23 August 2019, Friday The current political battle in Hong Kong could be the focal point of a downturn in the global economy, said an economist at Harvard University. Citing various shocks, including the US-China trade war that shakes the global economy, economist Carmen Reinhart said Hong Kong is one of his main concerns. The current unrest in Hong Kong is a major concern for itself, which can affect the development of China and Asia, he said in a TV interview. These have no limited regional effects. The global consequences of this will be seen. And early levels can cause severe depression worldwide. Anti-government protests, which began three months ago, are putting pressure on Hong Kong's economy, which has already shrunk due to China's recession and the trade war. Meanwhile, in the wake of the recent public uprising in Hong Kong, there has also been a blow to the trade and industry. While Hong Kong is the diamond hub of the world, there are fears that

(Gujarat News Office) Mumbai, Ta. 23 August 2019, Friday Gold prices were soft today in the Mumbai jewelery market, while silver was trading higher. Precious metals in the world market, however, had increased. Meanwhile, the domestic currency market today plummeted after rising dollar prices. The dollar was trading at $ 1.2. Dollar prices were soft at 5 paise today, while the British pound was up 5 paise to 0.6. However, the euro prices were down by 5 paise, from 5.5 to 7.5. Gold fell globally with the dollar dropping lower in the world market. In the global market today, gold prices fell below the dollar by $ 5, then the high was 0.5, and the evening price was $ 5 to $ 8. In the Mumbai market, gold prices today remained unchanged at 5 gram, 5 carat, 6 gallons, 6.7 gram, and 5 gram without the GST, while the prices with GST remained high by 5 per cent. Meanwhile, in the market today, silver prices remained unchanged at Rs. 3 to Rs. 3 in the evening and Rs. 3 to Rs. While prices wit

New delhi date. 23 August 2019, Friday The country's economy is witnessing economic sluggishness. Meanwhile, credit rating agency Moody's has reduced India's GDP growth forecast for 2019. According to Moody's, India's GDP growth is estimated at 6.2%. Earlier, the agency estimated the Indian economy to grow at 6.8%. Moody's said in a statement that the sluggishness in the economy has adversely affected Asian exports and the uncertainty of the business has affected investment. While the Agency has projected GDP growth rate for the year 2020 from 6.30% to 6.7%. This is the second agency in a week that has reduced GDP growth estimates. Earlier, Japanese brokerage firm Nomura had also shocked India over GDP growth. According to Nomura, the country's economic growth is projected to be 5.7% in the June quarter this year. Nomura says this has been the result of sluggishness, low investment and reduced consumption in the service sector. It is noteworthy tha

(Gujarat News Representative) Mumbai, Ta. August 22, 2019, Thursday Despite delays in the government's delay in providing surcharges or relief to foreign portfolio investors (FPIs) and meeting with Industries-Corporate India for several days, the delay in the still being offered a stimulus package by the Finance Minister and the Prime Minister has left the economy in a crisis. went. Investors are disappointed to see many stocks fall below the five-year low, with the Sensex-Nifty managing a strong post-budget sentiment, with local fund-institutional investors strengthening the market and calling for extraordinary stagnation in mid-market small, mid-cap stocks. While many investors are desperate to never see such a state of market volatility, what does the government really want to do to improve the signal that no concrete action has been taken to prevent the market from collapsing? With such questions, a large section of the market has begun to defy the government's economic p