Market and Business News

New Delhi, Saturday, March 21, 2020 Coronation has hampered business worldwide, causing Crude Oil prices to fall sharply in the wake of falling demand and the ongoing price war between Saudi Arabia, Iran and Russia. That is the biggest decline of any week since 1991, crude prices have dropped 11 percent in the past one week, Brent crude prices have dropped below $ 27 a barrel, making crude oil more affordable than water. It is worth mentioning here that India imports more than 83% of its crude oil requirement, and has to pay $ 100 billion per year, the rupee has increased India's import bill, and the government keeps tax rate high to compensate it. According to the Angel Commodity report on crude oil, which is also cheaper than water, prices of 1 liter petrol have gone below the 1 liter package water bottle. At the current rate of 1 barrel of crude oil falls in Indian currency at Rs 2000, one barrel means 159 liters, thus the price of one liter of crude is less than Rs 13 per

New Delhi, Saturday, March 21, 2020 Joseph E. Nobel laureate economist Stoltz has claimed that the global economy will be affected by the Corona virus, and the situation may worsen with the 2008 economic downturn. Prof. Joseph E. Stoltz, discussing this with the Huffington Post Italy, stated that the current situation is very bad, it is not an economic crisis but a real crisis. In which supply and demand are badly affected, fiscal policy will not be enough, as interest rates are already very low in Europe, the same situation has happened in the US. Professor Joseph Stiglitz teaches at Columbia University, when he was asked if we had been facing a dire financial crisis since 2008. In this regard, Professor Joseph Styles said that the matter was worse, we faced the financial crisis in 2008, and at that time we knew what we were going to do. According to Professor Stoltz, the current crisis is more serious, it is not only an economic crisis but also a more real crisis. This has led

Mumbai, Ta. March 20, 2020, Friday India has decided to take advantage of lower crude oil prices in Saudi Arabia and the United Arab Emirates and will increase its strategic oil reserves, government sources said. India will currently buy Rs 5,000 crore of oil at a price of $ 30 per barrel for delivery in April-May to fill three petroleum reserves with a capacity of 53.30 lakh tonnes. Global crude oil prices have dropped 40 percent in March, amid talks between OPEC and Russia over production cuts. Major oil producers in the Gulf have now decided to increase crude production. Oil prices have dropped significantly due to demand from Corona. At present, India's initiative to create a reserve will help to create a huge strategic reserve, sources said. Fifty percent of India's strategic reserve of 53.30 lakh tonnes is currently filled. Once the full capacity has been filled, India will be able to meet its 9.50-day oil requirement from this reserve. India currently has a strategi

The Corona virus has cut off the wings of airline companies. Aircraft companies flying in the air have landed. For aircraft companies, it is a bit like a puddle. On the one hand, these companies were in the grip of a recession and now Corona has stepped up. The Celtic companies have reduced their flight, some have cut staff and some have started to cry for loss. The situation in the aviation sector is so bad that if the government does not help that the corona virus is not diminished, many airlines will be on the bank list. It is said that Finance Minister Nirmala Sitharaman is planning to announce a bailout package worth Rs 10-12,000 crore. By the time Corona is in effect, air traffic is about to decline and companies' losses are likely to increase steadily .... Air India has closed flights to Europe-UK by March 31. ... SpiceJet has closed most international flights from March 21 to April 30. .... Go Array has banned all flights from overseas to March 17 for an indefinite peri

(Gujarat News Representative) Mumbai, Ta. March 20, 2020, Friday With the global market plummeting from the world plagued by the Corona epidemic, with the crisis in several countries' markets today, Indian stock markets along with the global markets have also steadily risen to break the recession at the end of this extraordinary upheaval. With the recovery in the US stock markets on the global front, crude oil international prices surged by $ 25 to Brent's $ 29 late yesterday evening, rising $ 1.29, to close at $ 29.76, and Nymex crude also rose $ 1.95 to $ 27.17. Following the rise of the Dow Jones Index 188 points and the Nasdaq index 161 points in the US stock markets yesterday, European markets also rose sharply in the opening Indian stock markets, with Hanging 1096 points higher in Asian countries markets. Private bank stocks, including HDFC Bank, Kotak Mahindra Bank, were aggressively involved in huge short cover of FMCG stocks of funds against offloading and oil-gas

Mumbai, Ta. March 20, 2020, Friday The day started on the strength expected today. With the global market boom, short-covering funds that started the fund today from the Indian stock market, the Sensex opened at 28460.82 against the previous close of 28288.23 and slipped to 27932.67 in a moment. Of those funds, FMCG shares were aggressively taken up with short cover in ITC, Hindustan Unilever, Nestlé India and ONGC led by Reliance Industries in oil-gas stocks, along with huge short coverings of the fund and IT-SoftCheck, Inc. Metal Painting shares with Asian Paints, including Tata Steel Short cover, including Aggie and HDFC Limited, State Bank of India, Kotak Mahindra Bank, Bajaj Finance, as well as Maruti Suzuki, Hero MotoCorp, Bajaj Auto, reached a high of 2129.97 points at 30418. After returning from a high of close to 29000, the leap of 1627.73 points closed at 29915.96. Nifty spot intra-day jumps of 619 points to 8883 at the top and 8178 at the bottom, 482 jumping at 8745. The

(Gujarat News Representative) Mumbai, Ta. 19 March 2020, Thursday Stimulus packages were announced by governments and central banks of different countries in the wake of the Corona epidemic, and to save their economy in the crisis, the situation is going out of control. In global markets, yesterday, US markets dropped 2000 points to Dow Jones's international prices and crude crude oil. Brent breaks down amid price war Olarani going to its lowest in 18 years Indian stock markets initially fell Speech third biggest market in March. The central government and state governments are taking various steps to prevent the infestation on the basis of the war on the rise of positive cases in India over the Corona crisis. Prime Minister Narendra Modi addressed the nation at 8 pm on Friday night. The situation was getting serious before the fund raised the issue. General Chat Chat Lounge Of course, fund-short sellers have seen a bigger recovery than big short cover after the market's 38-m

People who used to stand in line for hours to buy rupees from Yes Bank's ATM are amazed at the rising prices of shares of Yes Bank. Even when the price was Rs 20, people were afraid to buy. Today, the price is Rs 53.85 and people are saying that investing in it is profitable. Yes Bank has been hit by two thongs. One is to close the loan through the bank and another to convince the major deposit takers. Atledge Bank announced that all ATMs are up and running. Your money is safe. As people started receiving money, the lines at the ATMs began to diminish and an atmosphere of trust was created. There was confidence that the stock market was starting to rise immediately. Those who trusted India's banking system made twice as much money by stopping money at Yesbank in four days. Even today, its prices have risen to Rs 53.85. Four days ago he was at Rs 24. The breakdown of Yes Bank in India's banking system was akin to ripping on the administration of the Reserve Bank. The dir

Mumbai, Ta. 19 March 2020, Thursday Life Insurance Corporation of India (LIC) investment value of state-owned life insurance fell by Rs 1.90 trillion in the two-and-a-half month period as a result of a 30 per cent decline in the BSE Sensex and Nifty 50 in the current calendar year. LIC has significant investment in many reputed companies in the country. Only when the government plans to list the LIC, such a huge reduction in LIC investment can be a big problem for the government. LIC's investment in listed companies, which was Rs 6.02 trillion at the end of the December 2019 quarter, has now fallen to Rs 4.14 trillion, which has fallen by 31 per cent or Rs 1.88 trillion in its investment value. This calculation is based on a study of 209 companies in the S&P BSE 500 Index. LIC's holdings in these companies were more than 1% at the end of the December 2019 quarter. These companies accounted for 65% of the total market cap of listed companies. In view of the declining

Ahmedabad. 19 March 2020, Thursday Today, the rupee has suffered a major erosion. The rupee against the dollar could be a problem for Indian companies as they get closer to 75 rupees. The rupee has been running poorly for some time but its erosion has become a concern today. The rupee had hit a historic low of 75.10. Today it was 84 paise. Yesterday's rise in local gold prices could not survive today after the world market. Gold was also pressured into the global market as global funds were now turning to the dollar instead of gold as an investment tool. However, with the rupee weakening against the domestic dollar and falling to an all-time low, gold prices were limited here. The government today announced a significant reduction in the tariff value of silver while the tariff value of gold remained unchanged. The impact of the coronavirus in China is slowing down and there are signs of slowing down of normal life and trade activities, which has led to the decline in crude oil.

New Delhi, March 19, 2020 Thursday Coronavirus is now spreading all over the world, while the price of crude oil in the global market is constantly decreasing, which is the reason why the stock market worldwide, including India, is collapsing. BSE's leading index Sensex and NSE index Nifty have also been witnessing a steady decline in the domestic market. The life insurance company of India's largest insurance company (LIC) has suffered an estimated loss of around Rs 1.9 lakh crore. 1.9 lakh crore loss in two and a half months According to a report, LIC has suffered a loss of around Rs 1.9 lakh crore in the last two and a half months. While the government itself is also working on a plan to list it in the market, however, before the listing of the LIC, the central government will have to get regulatory approvals as well as amend the law. 209 companies lost LIC status in BSE 500 The total holding of LIC for the quarter ended December 2019 was Rs 6.02 lakh crore, which

New Delhi, March 19, 2020 Thursday Bank of America Securities has lowered India's economic growth forecast twice in 48 hours amid fears of a global economic downturn. Bank of America Securities lowered its estimate for the first quarter (April-June) of 2020-21 from 0.90 percent to 3.1 percent. The risk of a recession on the global economy Similarly, Bank of America Securities has projected GDP growth for the entire fiscal year to decrease by one percent to 4.1 percent. The corona virus epidemic is pushing the global economy toward a slowdown. Given this, this financial services company has reduced India's growth estimate twice in two days. New estimate of 4 percent economic growth On Wednesday, Bank of America Securities lowered its June-June 2020-21 forecast for June-June 2020-2, down 0.80 points to 4 percent and the quarter-ending quarter for the current fiscal year was reduced from 4.30 percent to 4 percent. The global economy is slowing down Bank of America Securit

Thursday, March 19, 2020 Thursday Corona is also seeing an impact on America, the world's largest economy, temporarily closing the well-known trading floor of the US Stock Exchange New York Stock Exchange (NYSE), But there will be e-trading going on, this is the third time in US history when trading on the Exchange has to stop, this statement issued by the New York Stock Exchange has been taken as a precautionary measure after being infected with COVID-19. It is worth mentioning here that the Dow Jones Industrial Average, the leading benchmark index of the US stock market, closed at 20%, the lowest level since February 2017, the index has fallen 30% in a month. Why this decision was taken According to the New York Stock Exchange parent company International Exchange, the move has been made by a member of the trading floor community of the New York Stock Exchange and an employee of the exchange who tested positive for the corona virus. The New York Stock Exchange and the New

- Sensex 38 month high while Nifty 39 month bottom Mumbai, Ta. 19 March 2020, Thursday The stock market opened today with a sharp decline on Thursday. The Sensex opened at the level of 27371.54 points down by 1497.97 points, with the Nifty opening at the level of 8080.30 points with a 438.00 point decrease. At the start of the BSE, a total of 3031 companies were trading, with about 963 shares gaining momentum while 1882 opened with a sharp decline. So the shares of 186 companies opened without a downside. The rupee opened 67 paise lower at 74.94 against the dollar today. March 19, 10:26 According to MCX, the price of gold is 13,442.92 per 10 grams, which is 1.73% lower than on Wednesday. March 19, 10:17 The market cap of the market was reduced by Rs 6 lakh crore in 60 minutes As of 19 March, 10:05 , the Sensex was trading at 27,111.67, down 1,1757.84 (6.09%). The impact of the darkening of the American markets was seen The impact of the downturn of American markets

Mumbai, Ta: 18 March 2020, Wednesday Various commodity futures and options together saw a turnover of Rs 1.8 crore in the first session, with commodity futures accounting for Rs 1.8 crore and options trading at Rs 1.8 crore. In commodity futures, gold futures futures continued to fall in the futures prices of gold and silver. The next day correction in crude oil was washed out in the energy segment, with futures prices falling by about Rs 2 per barrel. Natural gas was also down. Cotton's futures continued to rise against the fall in cotton futures prices in agricultural commodities. The cardamom was loose against CPO and mentha oil refining. In commodity futures, gold and silver futures in precious metals had a turnover of Rs. On futures, MCX gold closed at Rs 1 per gram, closing at Rs 5 on the top and Rs 5 at the end of the first session. Gold-Guinea March contract fell by Rs 1 to Rs 5 per gram and gold-petal March contract fell to Rs 5 per gram at the end of the first session

(Gujarat News Representative) Mumbai, Ta: 18 March 2020, Wednesday With the corona epidemic becoming a recession for the world today, the relentless hammering of funds in Indian stock markets has brought the market down to a three-year low, with the weeds continuing to slump in global markets. In the name of Corona, the world markets, including India, are experiencing a downturn, and a large section of the market has begun to require measures to curb short-selling, including restrictions. With the death of three coronas in India, the number of positive cases of coronas has increased to 147 and positive cases have increased in the neighboring country of Pakistan as the number of positive cases has increased, and the fear of the time of lockdown of large cities of the country and global floods has also worsened. Predictably, European stock markets fell as European markets opened After an hour before the crash was Jack again. Of course, in the last 15 minutes of the closing of the marke

Mumbai, Ta: 18 March 2020, Wednesday In the Mumbai oil and beer market, Singtel prices were rising sharply behind Saurashtra today as prices of edible oils led by Paltel were also seen on the downward revision. However, there was widespread speculation in the futures market of Palmetal in the Malaysian markets today. Pamtel futures in Malaysia remained in the shadowy 5 to 5 points in the period till noon today. There, the prices of the palm product softened to $ 5 in the distant delivery while the nearest delivery showed stability. Meanwhile, in the spot market in Mumbai today, the price of palmetta was Rs. 5 per kg for hawala resale of 5 kg. While the prices of JNPT were Rs. About 8 tonnes were traded in Palmetel during the day at Hawala Resale in the range of 5 to 6. However, prices were starting to offer at Rs. Meanwhile, prices of crude palm oil CPO Kandla remained at Rs. When the CPI futures market came into effect at one point this afternoon, the circuit of the boom came int

- Rs 47 lakh crore erosion in investor wealth in 41 days - Dow Jones breaks 1063 points at opening, breaks crude $ 26.84, down 18-year-old (Commerce Rep) Mumbai, 18 Mar 2020, Wednesday The relentless hammering of foreign fund stocks in Indian stock markets brought the Sensex-Nifty to a three-year low with the Corona epidemic slowing global markets. With the international oil price plummeting to 18-year lows, European markets have receded after an hour after the global giant investment bankers predicted the Great Depression to erode the global 2001 recession from the outskirts of Corona. The Sensex lost 1709.58 points, hitting 28869.51 and the Nifty 498.25 points at three-year low of 8468.80. Investors' wealth was eroded by a further Rs 5.99 lakh crore in a single day today. In the last 41 trading days, investors' assets of Rs 47 lakh crore were washed away to Rs113.53 lakh crore. The Sensex fell 13,660.82 points from its highest level of 42273.87 in these 41 days to the b

- New York crude for under $ 25 Mumbai, Ta: 18 March 2020, Wednesday In Mumbai jewelery market today, the bearish price hike was triggered by a recession. It was reported that gold prices in the world market, which fell below $ 5 a ounce, jumped $ 5 to the surface today. However, there was a fluctuation in the price of silver in the world market. On the domestic front, the dollar remained calm throughout the day amid fluctuations in the currency market against the rupee, while the British pound and the euro fell further. Meanwhile, the decline in crude oil prices in the world market today was the news of a tumultuous 3-year new low. In the world market, gold came down to fundraising. Global gold prices were as high as $ 5.7 per tonne today, after falling as high as $ 1.8 in the evening. Meanwhile, gold prices in the Mumbai jewelery market closed at Rs 5 open at Rs 5 today at Rs 5 per gram without GST. While the price of Rs 5 was closed at Rs 5 today, it closed at Rs. However, with

New delhi date. 18 March 2020, Wednesday According to the ECORP report of the State Bank of India, petrol-diesel prices will fall in India. In India, petrol can cost up to Rs 12 and diesel up to Rs 10. The cause of the epidemic is the corona virus. The reduction in global crude oil prices due to corona could reduce petrol prices by Rs 12 per liter in India and diesel by Rs 10 per liter in India. However, SBI's EcoRep report states that this is possible only if the government exceeds excise duty. If both the Center and the State are not willing to cut the prices of the fuel, they should not increase excise duty under any circumstances. If the government increases excise duty, the benefits of lowering the price of crude oil cannot be realized as a reduction in the price of petrol-diesel. Due to Corona, there is a boom in the markets around the world and the stock market and commodity markets are also crying. Apart from this, the price of crude oil has also dropped drastically