Market and Business News

Mumbai; Non-banking finance companies (NBFCs) will not be able to lend more than Rs 1 crore to investors looking to buy shares through initial public offerings (IPOs) from next financial year. The RBI's decision comes as part of reducing risks to the country's financial system. Financing to apply for an IPO will have a limit of Rs 1 crore per borrower, the RBI said. This standard will be applicable from April next financial year. Due to this standard, High Net Worth Investors (HNIs) will have less money on hand to apply for an IPO, not to mention the excessive subscriptions in the HNI category. In the current year, there has been an increase in the attraction of investors in the primary market as well as behind the secondary market in the country. The influx of investors in the primary market has also resulted in higher quotes at the time of listing. The current year has seen companies raise huge sums of money through IPOs and investors have also seen a surge in IPOs. Howe

In the past week under selling pressure AHMEDABAD: The BSE Smallcap Index fell by 5 per cent and the Midcap Index by 4 per cent last week on the back of strong selling and other adverse factors, including rising inflation and high inflation. While the main index was broken around 1 percent. The market boom since June after the first phase of last year's epidemic set a number of records so far. In the bullish phase, small-cap and mid-cap stocks rose sharply, with the indexes of the two sectors rising by 3 per cent and 5 per cent, respectively. Last week, the Sensex touched a high of 5,000. Rising global inflationary pressures and rising global inflationary pressures have adversely affected the domestic market, with selling pressures from funds, operators as well as players, and the market retreating sharply to the bottom. The Sensex and Nifty were down around 1 per cent over the weekend on the back of a sell-off. The BSE Midcap Index, on the other hand, fell 4.5 per cent to clo

(Gujarat News Office) Mumbai; The bullion market in Mumbai jewelery market was officially closed today due to Saturday. Prices were quoted higher in the closed market. Gold price was Rs 30 per 10 grams excluding GST at Rs 8.15 and Rs 30 at Rs 9.50 per 10 grams. While prices with GST were 5 per cent higher. Meanwhile, Mumbai silver prices were quoted at Rs 500 per kg excluding GST, while those with GST were up 3 per cent. Meanwhile, in the Ahmedabad jewelery market, gold rose by Rs 200 to Rs 200 from Rs 4.50 and Rs 200 from Rs 4.50, while Ahmedabad silver remained quiet at Rs 2,000. Meanwhile, gold prices in the world market jumped from ૭૯૯ 15 to ૮ 1,200 an ounce at one point to ૨ 1,215 to ૮ 1,215, after falling sharply from ઉ 1,200 to ૭૯૨ 12 at the end of the week. The boom turned out to be a sell-off of funds in gold. Bond and Treasury yields rose as gold rose. Behind gold, silver also fell again to a high of ૪૫ 4.5 to ૪૬ 7.5 an ounce, from ૭૯ 4.5 to ૮ 7.50, and was trading at ૩૨

(Gujarat News Office) Mumbai; In the Mumbai Oilseeds market, edible oils witnessed narrow fluctuations today amid two-way fluctuations. The new demand was winged. There were sporadic trades in hawala-resale in palm oil. In the US agricultural market, soyoil prices fell by 3 points in overnight trade while soyoil prices rose by 3 points, while soybean prices remained soft by 3 points. In the Mumbai spot market today, the price of 10 kg of cingulum oil was Rs 120 while cottonseed oil was Rs 150. On the Saurashtra side, the price of washed cotton was Rs 150 to Rs 150 while that of cingulum oil was Rs 15 and 15 kg. Imported palm oil was trading at Rs 1,200 in the Mumbai market today. While crude palm oil CPO Kandla was priced at Rs 115. In the Mumbai market today, the price of soyoil was Rs 15 for digam, Rs 1,205 for ref and Rs 1,800 for sunflower. 150 and Rs. 150 of Rifa. Mustard was priced at Rs 120 and ref. In the futures market, CPO futures were at Rs 115 and soyoil futures at Rs 1

(Gujarat News Correspondent) Mumbai; The Sensex and Nifty-based overbought positions in Indian stock markets have eased over the past week and small, mid-cap stocks have been in a slump. The stocks have been waiting for a correction for a long time after witnessing a long-term bullish-baroque indiscriminate storm. But each time, the funds have tightened their grip on the stock market, raising the bar of speculation by misleading many and bringing stock prices to extraordinary heights. With this, the Sensex crossed the 9000 level and the Nifty crossed the 1700 level, creating a new history. This level has finally undergone a major correction in the last week after the experts, who have been fighting the battle of stubbornness to feed the players of the recession and recession that have become inevitable at this level, have fed many. NSE Leverage in mid-cap stocks, too, has taken a toll on margins by plunging stocks into losses. With Nifty-based recession victims forced to do short cove

MUMBAI: At the end of October, the country's total lending grew by 6.5 per cent year-on-year to Rs 110.60 trillion. Lending growth is higher compared to the same period last year, while the current year's figure is lower than the 4.50 per cent seen in October 2016, according to RBI data. The last 6 months of the financial year usually start from October and also the busy season for corporates, business houses and retail segments. India's economy is in a growth phase as the economy opens up after the lockdown on the second wave of the Corona in April 2011 eased, Care Ratings said in a report. Demand for credit will also remain high as a result of the recovery in the economy and overall credit growth is expected to be 8 to 10 per cent by the end of the current financial year. The current year has seen mixed growth in key banking indicators. Growth in deposits has slowed. As of the first week of October, deposits had increased by 10.15 per cent year-on-year to Rs 13.5 cro

(Gujarat News Office) MUMBAI: Gold and silver prices rose in the Mumbai jewelery market today. Prices also rose in the Ahmedabad market today. Ahmedabad gold price was Rs. 100 per 10 grams, Rs. While in Ahmedabad, the price of silver today touched Rs 200 per kg and again touched Rs 3,000. In the Mumbai market, gold, excluding GST, was trading at Rs 915, up from Rs 7.50 per kg, while it was trading at Rs 305 per kg, up from Rs 7.50 per kg. While prices with GST were 5 per cent higher. Meanwhile, Mumbai silver prices were at Rs 6, excluding GST, at Rs 4,000 today, while those with GST were up 3 per cent. World market news was encouraging. World gold prices jumped to close at ૮ 1,200 an ounce today. The dollar's index against various major currencies in the world market was met with overseas indications of increased fund-raising in gold. There were indications that the price of gold in the world market jumped from ૭૮૨ 15 to ૭૮૩ 15 per ounce to ૭૯૯ 15 to ૮ 1,200. Behind gold, globa

Investors' wealth washed away by Rs 10.50 lakh crore in four days to Rs 4.5 lakh crore (Gujarat News Correspondent) MUMBAI: Funds and experts in the Indian stock market today continued the index-based two-way storm over the weekend, keeping the market in a negative zone. Funds in stocks continued to soften overbought positions, with IT-software services, technology stocks continuing to sell today and stocks of healthcare-pharmaceuticals companies taking off today. Of course, in banking-finance stocks today, the Sensex, Nifty-based, saw a big decline in the market rather than the relentless selection of funds, experts. On the global front, European countries With rising Corona cases in Russia and reports of re-infestation of Corona in China as well, global economic worries with a weaker GDP of China and a steady rise in domestic inflation led to record rising prices of petrol and diesel in the coming days. There were also impact views on the market. However, banking stocks of the

Investor Asset-Market Cap. Rs 4.5 lakh crore down to Rs 31.5 lakh crore (Gujarat News Correspondent) MUMBAI: On the one hand, global markets, on the other hand, have seen a sharp decline in GDP-economic growth in China at the end of September and a worsening situation as a result of the global NGO crisis. Amid concerns over the resumption of corona in countries including India, the funds also hit new highs in the Indian stock markets, with the Sensex hitting a new high of 7.5 and the Nifty hitting a new high of 1,304.5. There was widespread speculation in small, mid-cap, cash stocks. On the international front, crude oil prices rebounded yesterday after Brent crude jumped to ૮૫ 4 a barrel today, despite a softening in global stock markets. Of course, funds, experts today slammed IT-Software Services, technology stocks in a steady uptrend today, while L&T Group stocks rallied in favor of Power-Capital Goods stocks. Oil-gas, automobile stocks, the Sensex lost above the level of 500

(Gujarat News Office) MUMBAI: The dollar was fluctuating against the rupee in the Mumbai currency market today. The dollar opened at Rs 4.5 this morning with a high of Rs 6.50, then touched a low of Rs 4.5 and closed at Rs 4.5. The dollar closed with a slight decline today. However, the dollar index rose against various major currencies in world markets today. The global dollar index was up 0.15 per cent today at 6.5 to 7.5. According to world market indicators, the British pound has risen globally as interest rates in Britain are likely to rise. In Britain, although inflation has fallen slightly on the back of rising headlines, analysts are predicting that interest rates are likely to rise next month. In the world market, the Canadian dollar rose to a four-month high of 1.405 against the US dollar. There were indications of rising inflation in Canada. The Australian dollar has risen to a three-and-a-half month high. The New Zealand dollar rose to a six-month high. The British pou

AHMEDABAD: The rise in the Indian stock market in the past has largely been attributed to FIIs, or foreign investors. But in the historic post-epidemic boom, domestic retail investors have outperformed foreign investors. In pre-epidemic times, foreign investors were the main driving force behind the market boom. Then local financial institutions, Mu. Funds and then came the number of investors. But the whole picture has changed since the epidemic. A large number of people from small and large cities of the country turned to the stock market as business was cut off due to the epidemic. Which has led to a significant increase in the demat account. In addition to routine trading in the market by these new investors, there has also been a significant increase in the number of IPO outbursts that have become largely active in IPOs. Investors also benefited greatly from the listing of shares with IPOs. According to the available data, the number of domestic investors has increased by 1.5

(Gujarat News Office) MUMBAI: The Mumbai jewelery market today witnessed mixed weather amid two-way fluctuations in gold and silver prices. Gold prices in the world market today were quoted at ૭૮૨ 16 to ૭૮૩ 15 an ounce, down from ૭૮૭ 12 to ૭૮૮ 12 an ounce. However, global silver prices rose from ૫ 6.15 to ૬ 2.15 an ounce and were trading at ૨૩ 4.5 to ૨૪ 7.5 today. On the Ahmedabad side, however, gold prices rose by Rs 100 per 10 grams to Rs 2,000 at Rs 2.50 and Rs 200 at Rs 7.50. Ahmedabad silver prices fell by Rs 200 to Rs 200 per kg today. According to the news received from the world market, in the statistics released in the United States late this evening, the claims of unemployment have reached 3 lakh 2 thousand. As a result, the dollar index rose against the dollar index in the world market as the job market rose. The sale of funds in gold was seen in front. Platinum, meanwhile, was trading at ૪૬ 105 to ૪૭ 105 an ounce, up from ૪૭ 105 to ૪૮ 105 an ounce, while palladium was q

(Commercial Representative) Mumbai: The Gems and Jewelery Export Promotion Council (GJEPC) has said that gold imports to India are likely to increase further in the coming months due to rising demand for gold due to the festive and wedding season. Gold imports, which affect the current account deficit, rose to ૨૪ 6 billion during April-September 2011. The council says there has been a fluctuating trend in gold imports over the past six months and the figures are coming in at pre-level levels. Gold imports stood at 12.5 tonnes in May 2021 and 12.5 tonnes in June 2021. The time was a nationwide lockdown and for a short time many industries, including gems and jewelery, came to a standstill. Gold imports picked up the second highest in August at 114.05 tonnes. Colin Shah, chairman, GJEPC, said the increase in gold imports in July, August and September 2021 was due to the lifting of the lockdown and increased domestic and export demand, with a sharp rise in demand for products at the s

(Gujarat News Office) MUMBAI: Cingulum oil prices fell in the Mumbai oilseeds market today. News from Saurashtra was booming. However, as the prices of edible oils in the world market plummeted, the prices of imported edible oils were spot on today and soft in the futures market. Meanwhile, in the Mumbai market, the price of 10 kg of cingulum oil was Rs 150 to Rs 150. While cottonseed oil prices rose to Rs 150. On the Saurashtra side, the price of cingulum oil was Rs 15 and Rs 15 per kg, while the price of washed cotton was Rs 13. Meanwhile, palm oil futures in Malaysia closed at 101 points in the global market today. Palm oil was trading at Rs 1,210 in the Mumbai market today. While the price of crude palm oyster scripts Kandla was quoted at Rs 115 to Rs 1150. CPO futures traded lower by Rs 19.50 to Rs 1,151.50 this evening. Soyoil futures fell by Rs 15 to Rs 12.50. Soybean futures were soft at Rs 70-9 today. In the Mumbai spot market, soyoil prices were at Rs 115 for Digam and Rs

The storm created by the ups and downs facing each other (Gujarat News Correspondent) MUMBAI: The Sensex lost 31,000 points and the Nifty lost 1,400 points today as funds, experts continued to ease their overbought position with all-round profit bookings in stocks this week after witnessing a long and stormy rally in the Indian stock market. Over the last few days, index-based bearish players have been on a downward spiral, with players trapping the bearish players by continuing to rise. The players continued to feed. Of course the bullish players eased the bullish trade further as the bullish players started short covering today. So today, the Sensex, Nifty based face-to-face storm was created. IT-Software Services, large-scale profit booking of funds in technology stocks and offloading in metal-mining stocks. .50 and Nifty spot after an initial fall of 216.50 points, finally fell by 3.50 points to close at 1912.10. Sensex plunges by 8 points to fall to 203 Trading started strong

- After listing in the last 2 years, this stock has given a hefty return of about 700 percent New delhi date. Wednesday, October 20, 2021 Investors are frustrated by the sharp fall in IRCTC shares. For the second day in a row, share prices continued to fall on Wednesday. Shares fell as much as 20 per cent today. Because of this, investors are considering whether to continue trading in stocks or exit. In fact, shares of IRCTC fell sharply by 15 per cent on Tuesday, October 19. However, at the closing time, the stock closed down 8% on the BSE. The stock had a closing price of Rs 5,454.85 on Tuesday. Shares of IRCTC opened lower at Rs 4,909.40 on Wednesday morning and fell nearly 20 per cent during trading. The stock also touched a low of Rs 4,377.30. However, at 2:18 pm, the share price fell to 4,473. Shares of IRCTC have been booming for the past one month. Shares of IRCTC also touched an all-time high of Rs 6,393 in early trade on October 19. In just 2 days, share prices have fal

(Gujarat News Office) MUMBAI: New demand in the Mumbai oilseeds market was sluggish today. When the banks were closed, the markets were full of trades. Malaysia's palm oil markets were closed today. Prices were up in the US. After overnight strength there, soyoil prices were trading at 6 points plus in today's projection. In the Mumbai spot market, the price of 10 kg of cingulum oil was Rs 150 and cottonseed oil was Rs 1,200. Producers were quoted at Rs 1,200 for cingulum oil and Rs 20 for 15 kg, while cotton was priced at Rs 150 to Rs 15 per kg. In the Mumbai market, the price of imported palm oil was Rs 1,205 while crude palm oil CPO Kandla was priced at Rs 115 to Rs 1,150. In the futures market, CPO futures were quoted at Rs 1,117.50 and soyoil futures at Rs 19.50 this evening. Soybean futures, however, declined by Rs 20 to Rs 5. In the Mumbai spot market, soyoil prices were quoted at Rs 150 for digam and Rs 1,203 for ref. While the price of sunflower was Rs. 15 and Rs.

Investor Asset-Market Cap. Rs 4.5 lakh crore down to Rs 31.5 lakh crore (Gujarat News Correspondent) MUMBAI: On the one hand, global markets, on the other hand, have seen a sharp decline in GDP-economic growth in China at the end of September and a worsening situation as a result of the global NGO crisis. Amid concerns over the resumption of corona in countries including India, the funds also hit new highs in the Indian stock markets, with the Sensex hitting a new high of 7.5 and the Nifty hitting a new high of 1,304.5. There was widespread speculation in small, mid-cap, cash stocks. On the international front, crude oil prices rebounded yesterday after Brent crude jumped to ૮૫ 4 a barrel today, despite a softening in global stock markets. Of course, funds, experts today slammed IT-Software Services, technology stocks in a steady uptrend today, while L&T Group stocks rallied in favor of Power-Capital Goods stocks. Oil-gas, automobile stocks, the Sensex lost above the level of 500

MUMBAI: The Mumbai bullion market was officially closed today following a bank holiday. However, the closed market saw gold and silver prices rebound behind the world market. World market news was showing a rapid rise in precious metals. The decline in the dollar's injection against various major currencies in world markets was a sign of increased buying of funds in global gold. As the world market grows, the import cost of precious metals has gone up. As a result, the jewelery market witnessed a slowdown in new selling prices today. Gold prices in the world market were quoted at ૭૬૨ 15 to ૭૭૯ 17 an ounce. After gold, global silver prices jumped by ૨૩ 4.5 to ૨૯ 7.5 an ounce and traded at ૯૮ 4.5 to ૯૯ 7.5 today. In the Ahmedabad jewelery market, silver prices jumped by Rs 200 per kg to Rs 2,000 today, while Ahmedabad gold rose by Rs 200 per 10 grams to Rs 2,000 from Rs 2.50 and Rs 500 from Rs 7.50. Meanwhile, in the Mumbai currency market today, the dollar was trading at Rs 4.5

New Delhi, dated 19 October 2021, Tuesday The country is being hit by inflation on the one hand and the stock market is booming on the other. Today, for the first time, the Sensex jumped 394 points to cross the level of 62000. The stock market opened at 62159 this morning. However, the Sensex fell again below 62,000. The Sensex this morning saw gains in major stocks like HDFC Bank, L&T, Reliance Industries. Apart from this, shares of Mahindra, HCL Tech, HUL, Axis Bank, Bharti Airtel also rose. Shares of ITC, Ultratech Cement, Titan, Power Grid and Kotak Bank, on the other hand, declined. Seeing the positivity in the stock market, foreign investors bought shares worth Rs 512 crore on Monday. However, the global market is flat amid the ongoing rally in India's stock market. China's economic statistics are not good and the global supply chain has been affected. Which is having a direct impact on the inflation rate. The issue of inflation has become a worldwide concern.