Market and Business News

Bangalore, December 15, 2021, Saturday Thus the financial year runs from March to March. Normally, income tax returns are filed by the end of July, but due to the Corona epidemic, the deadline for filing income tax returns for 2020-21 and filing year 2021-2 was earlier extended to September 30. It was later extended to December 31. There is still speculation that this date may be extended after the two-time filing of returns has been extended. It is argued that by December 15, 2021, 4.5 crore people have filed ITRs for the financial year 2020-21. The deadline for filing a return is now 15 days. An average of 3 lakh returns are being filed daily. As such, the number of people filing returns is likely to be lower than last year. Last year, for the year 2015-20, 25 million people had filed IT returns. The January 31 deadline is not enough for at least that number to be maintained. Based on this, IT file debt is expected to increase. A new portal was launched in June for filing ITR in t

US Fed bonds tapping, global markets rally despite decision to raise interest rates (Gujarat News Correspondent) MUMBAI: The US Federal Reserve yesterday announced a two-fold cut in bond buying, signaling a three-fold increase in interest rates in the year 203 to curb inflation, with global markets pointing positive instead of negative today. Was. Federal Reserve Chairman Jerome Powell said the rapid rise in employment in the US now requires a focus on inflation and that the economy no longer needs stimulus-bond buying. Recovery was also seen in Asian markets today. Funds rallied today, led by IT-software services and technology stocks, to break the five-day index-based decline in Indian stock markets. Consumer durables, oil and gas stocks, the Sensex finally rose 119.11 points to 301.15 and the Nifty spot rose 3 points to close at 19.50. Brent crude rose ૩ 1.15 a barrel to ડો 2.01 a barrel and Nymex crude rose ૬ 1.15 to close at ૩ 2.09 a barrel, as crude oil inventories in the Unite

MUMBAI: Private companies are reaping the most benefits of the initial public offerings (IPOs) boom of 2021 and the government has either been reluctant or lagging behind. Along with the boom in the country's secondary market, the primary market is also booming in the current year and in 2021, companies have raised Rs 1,15,6 crore through six public payments. Of the 52 IPOs received till November this year, only two were public IPOs. Out of the total amount of Rs 1.10 trillion raised through public payments, Rs 5 crore has been raised by two public sector companies, which is less than five per cent of the total amount, according to a research report. One of the reasons the government is lagging behind in taking advantage of the current boom is bureaucracy, said one analyst. For the last two years, the government has been talking about LIC IPO. He also said that the IPO should have come in the current boom. It remains to be seen whether the government will be able to bring in L

AHMEDABAD: Indian stock markets have been volatile for the past one and a half months after touching record highs. However, market analysts believe that the market is unlikely to rebound unless foreign investors stop selling. According to available data, foreign investors invested Rs. Sales of Rs 301.5 crore were undertaken. Earlier in October, he had spent about Rs. 5,000 crore has been sold. In the current month, foreign institutional investors have so far invested Rs. 15 crore while domestic institutional investors sold Rs. 17,200.50 crore. The Nifty range is expected to remain bound until the end of this month, when foreign institutional investors will start allocating for 203. The market will continue to bounce behind the good-natured factors. If there is no major threat on the Corona front, the country's economic activity will improve further. The RBI has made almost no changes to its recent inflation and growth forecasts and has ensured adequate liquidity in the system.

At the bi-monthly review meeting of the Monetary Policy Committee (MPC) last week, it was decided to keep the policy rates unchanged. This was already expected. The Reserve Bank of India's (RBI) Committee on Policy Rates has not made any change in the policy repo rate and has decided to maintain its moderate stance unless there is a need to support economic growth. There was no discussion about the gradual withdrawal of special incentives at the policy level. The committee also did not change its stance on the macroeconomic situation. But with the spread of the new form of the Covid-12 virus, Omicron, uncertainty has increased. According to the committee, India's economic growth rate is expected to be 7.5 per cent in the current financial year. Inflation is projected to average 4.5 per cent this year. According to the committee, inflation is expected to reach 7.5 per cent in the fourth quarter, but should come down to 5 per cent in the first six months of the next financial y

- Investors move towards IPO and equity market with 'Risk Hai To Isk Hai' attitude In India, fixed deposit is generally regarded as a safe and profitable investment. However, the attractiveness of FDs has diminished in recent years due to lower interest rates. On the other hand, following the bumper returns received by investors from the equity market, especially in the aftermath of the first phase of the Corona epidemic, the Indian public is now investing in IPOs and the secondary equity market with a 'risk hai to isk hai' attitude. Now investors are looking at IPOs as an alternative to FDs. A research report by the State Bank of India also seems to support this. According to a SBI report, bank deposits have fallen sharply by Rs 4.5 lakh crore since Diwali. The SBI research report said that the sharp decline in deposits between November 8-12 was the largest since November 15, the biggest drop in the last three years this fortnight. On the other hand, if we talk abo

- Higher-than-expected inflation rates could prompt global central banks to tighten lending policy ahead of time The new variant of the deadly epidemic Kovid-18 Omikro has once again created an atmosphere of terror in the global economy. In addition, rising inflation and liquidity crises have added fuel to the fire. In the calendar year 2021, the benchmark BSE Sensex and the NSE Nifty of the Indian stock market have seen a sharp rise of 20 to 5 per cent. Meanwhile, global equity markets, including India, appear to be on high alert to welcome the new calendar year 207. The main risk, market analysts say, is that the existing vaccine is less effective for a new variant of the Covid-12 transition, Omicron. Rising inflation is also a threat to the asset class in 2021, even though many brokers-traders believe that the current high inflation rate is temporary. However, volatility relative to projected inflation rates could prompt the world's central banks to tighten monetary policy an

- In November, 10 companies raised a record Rs. 5,000 crore collected Share prices fluctuate when anchor investors start selling their shareholdings at the end of a 90-day lock-in period in an IPO allotment. According to the EPO, November was a bumper month in which 10 companies lost a record Rs. 2,119 crore. However, December will test the patience of investors who invest in stocks of these companies as the one-month mandatory lock-in period for anchor investors is coming to an end this month. As per SEBI rules, shares allotted to anchor investors are locked for 90 days from the date of allotment so they cannot sell the shares allotted to them during this period. Anchor Investors are large companies that invest heavily in IPOs. Stock prices fluctuate when anchor investors start selling their shares at the end of a 90-day lock-in period in an IPO allotment. The anchor investors' lock-in period of 10 IPOs in November is coming to an end in December. These companies include Naya

- Everyone was amazed to see Elon Musk's face with a hairstyle that we call bowl cut hair style in Gujarati - The youngest and funniest Elon Musk is also the founder of SpaceX. Elon Musk, the richest man in the world, jokes that people call him a funny rich man. He is very active on social networks Three days ago, Elon Musk sold 3 million shares of his company and commented that he wanted to step down as CEO. .. Elon Musk, the world's richest man and owner of the Tesla company for 40 years, is a happy creature. They have the most wealth in the world. The other richest people in the world who come next to him are rarely found enjoying themselves in public. The list of the richest people in the world after Elon Musk with a net worth of 3.04 billion includes Jeff Bissoz (૭ 206.04 billion), Bernard Arnold (૯૪ 16.06 billion) and others. All of them are younger than Sai and also the founder of the funny Elon Musk Space X. Elon Musk, the richest man in the world, jokes that peopl

MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se

(Gujarat News Office) MUMBAI: The dollar rose again to close at Rs 5 against the rupee in the Mumbai currency market today. The rupee also depreciated against the dollar in the currency market amid a slump in the stock market. The dollar opened at Rs 4.5 in the morning and touched a low of Rs 4.5 and a low of Rs 4.5. The dollar rose 3 paise today. Meanwhile, according to market speculation, if the dollar appreciates above Rs 5, it is likely that state-owned banks will start selling dollars at the behest of the RBI. The US Federal Reserve meeting began on Tuesday and will end on Wednesday (today) and the market was now keeping a close eye on the meeting's views on raising interest rates and reducing bond buying. Apart from the US, the players were also watching the meetings of Bank of England, Bank of Japan and European Central Bank. Globally, the growing infestation of Omicron virus has also had a negative impact on the rupee. In the Mumbai market, charts were also showing the

(Gujarat News Office) MUMBAI: Gold prices in the Mumbai jewelery market today fell again after rising. Silver also saw two-way fluctuations. Gold prices in global markets were on a downward trend today, but in the domestic currency market, the rupee continued to strengthen against the dollar, market sources said. Gold prices in the world market were at ૭૮૭ 16 to આજે 17 an ounce today. Behind gold, global silver prices also fell by ૨૨ 6.41 an ounce to ૨૨ 2.8 an ounce, from ૭ 2.15 to ૮ 2.15 an ounce. In the Mumbai jewelery market today, the price of gold with GST of 10 grams has gone up to Rs. 2013 was closing when the price of 8.50 was Rs. 4,150 to Rs. 515 while the price with GST was 3% higher. Meanwhile, the price of silver in Mumbai today closed at Rs 3050 per kg, excluding GST, at Rs 2060, while the price with GST was 5 per cent higher. In the Ahmedabad jewelery market today, gold was trading at Rs 30 for 2.50 and Rs 70 for 2.50 while Ahmedabad silver was trading at Rs 2,000. M

(Gujarat News Office) MUMBAI: Prices of various domestic and imported edible oils fell in the spot and futures market today in the Mumbai oilseeds market while domestic edible oils remained calm. In the Mumbai spot market, the price of 10 kg of imported palm oil fell by Rs 115 while the price of crude palm oil CPO Kandla fell by Rs 1,100. In the futures market, CPO prices fell by Rs 10.50 and soyoil futures by Rs 2.50. Soybean futures fell by Rs 150 to Rs 12 per kg. However, there were indications that castor futures had risen by Rs 150 to Rs 15 today. In the Mumbai spot market today, soyoil prices fell from Rs 1,150 to Rs 115 for digam and Rs 113 for ref. The price of sunflower was reduced to Rs. 1150 and Rs. In Rajasthan, mustard cultivation has so far increased to 2.5 lakh hectares. During the same period last year, the area under cultivation was 2.08 lakh hectares. Experts were pointing out that the total annual planting of mustard this year is likely to touch 4 lakh hectares as

MUMBAI: After retail, the wholesale price index (WPI), which was released today, rose to 18.50 per cent, hitting a 17-year high. The meeting of the US Federal Reserve's Open Market Committee begins today. The benchmark indices of the Indian stock market closed lower for the third day in a row today as investors adopted a wait-and-see policy. Finance Minister Nirmala Sitharaman plans to start pre-budget discussions from tomorrow to formulate the budget for the next financial year. The BSE Sensex finally closed at 3111.05, down 18.5 points from yesterday's low of 208.5 and above 4.5. Compared to yesterday, it was down 4.5 points and closed at 12.30. Electricity and pharma stocks were the main gainers, while auto and banking stocks were the weakest. There was mixed flow in FMCG. Market breadth remained positive on BSE. 1,901 stocks rose while 1,610 declined. 118 shares remained unchanged. Nifty Pharma Index rises 12 points: Lupine, Aurobindo, Torrent Pharma Lupine's share

MUMBAI: Soyoil imports doubled in November but crude palm oil fell. Total vegetable oil (including edible and non-edible oils) reached 11.5 lakh tonnes in November. The imports were 10.40 lakh tonnes in October and 11.04 lakh tonnes in the same month a year ago. Thus, the total import of vegetable oils in November has increased by 2.4 per cent and 11 per cent on a monthly basis. According to the Solvent Extractors Association, soyoil imports in November rose by 115 per cent to 6.5 lakh tonnes. However, palm oil imports fell to 7.5 lakh tonnes in November from 2.4 lakh tonnes in October. Imports of RBD palmolin stood at 7 tonnes in November as against 315 tonnes in October. Imports of crude sunflower oil have increased to 1.5 lakh tonnes. Imports of soft oil stood at 4.5 lakh tonnes in November. Imports of refined oil as well as crude oil have been declining in November. Of this, 8 tonnes of refined oil and 10.50 lakh tonnes of crude oil have been imported. As per the statistics, as

Mumbai: Expensive edible oils may bring more relief to the people in the coming days. In the last one month, the price of edible oils has gone up by Rs. 8 to 10 and in the coming days the price will go up by Rs. 6 to 7 is likely to decrease. The edible oils association said that due to factors such as sharp fall in import duty by the government, softening global prices, over-cultivation of oilseeds, edible oils may become cheaper in the coming days. It is noteworthy that during the Corona epidemic, the prices of edible oils jumped by 40 to 100 per cent and reached a historic high, which increased the budget of housewives' kitchens. The president of the Solvent Extractors Association (C) said that the association had urged its members to reduce the price of edible oils as much as possible before Diwali. In the last 30 days, the prices of edible oils in the retail market have come down by Rs 8 to 10 per kg. In the near future, the price of edible oils may fall further by Rs 2-3

(Gujarat News Office) MUMBAI: Gold prices rose in the Mumbai jewelery market today. Silver was even higher. The rising market saw signs of rising import costs, with the market seeing fewer sellers and more buyers today. In the global market, the dollar index declined and bond and treasury yields also declined. At home, the gold price in Ahmedabad Jewelery Bazaar today is Rs. 120 increased to Rs. 50 and Rs. 30 while Ahmedabad silver price was Rs. Were being maintained at the head of 2000. Gold prices in the world market today ranged from ૭૮૨ 16 to ના 17 an ounce, while global silver prices hovered at ૨ 2.41 to ૨૨ 6.5 an ounce, up from ૯ 6.15 an ounce. The rise in global gold prices was also seen amid indications of a new omikron virus outbreak in Britain. The British pound fell against the dollar in world markets today. The Turkish lira plunged to a new low. In the US, the market was watching the two-day meeting of the Federal Reserve on Tuesday and Wednesday. The market players wer

(Gujarat News Office) MUMBAI: Cingulum oil prices rose in the Mumbai Oilseeds market today while cottonseed oil prices were hitting, the weather in the world market was mixed. In Malaysia, palm oil futures were 15 points softer today, while soybean oil prices in Anerika were projected to be in the range of 4 to 5 points in the projection this evening. New demand in the Mumbai market was slow. In the Mumbai spot market today, the price of 10 kg of cingulum oil is Rs. 120 and cottonseed oil Rs. 1500 lived. Saurashtra side price of Singtel Rs. 15 and 18 kg Rs. 2050 and cotton washed Rs. 1140 to 1140 were speaking. Imported palm oil prices fall by Rs. 115 remained. Crude Palm Oil CPO Kandla Price Rs. 1108 remained. In the futures market, CPO prices were showing a slow decline and soyoil prices were showing a slow recovery. Meanwhile, in the castor futures market, the lower circuit today saw the price fall by four per cent, while soybean prices touched Rs. There were indications of stayin

MUMBAI: The benchmark indices of Indian stock markets closed lower on the first day of the week after being extremely volatile. Amicron's growing concerns and the US Federal Reserve's open market committee meeting starting tomorrow were a warning to investors. Profit booking was heading higher. It is almost certain that the Federal Reserve will announce a taper program in the wake of inflation and strong employment in the United States. The continued selling of foreign institutional investors in the Indian market is also hurting the market mood. The Nifty 50 index slipped below the 1500 level. The BSE Sensex crossed the 2000 level intraday. The Sensex closed higher at 208.5 today, lower at 8.30 and finally closed at 6.5. Compared to the previous close, the Sensex was closing at 202.5. The Nifty 50 Index closed at 12.20 above and 17.5 below and finally closed at 12.5. Compared to the last session, the Nifty closed down 13.05 points. Shares of realty, oil and gas and public sect

(Gujarat News Office) MUMBAI: New demand in the Mumbai oilseeds market was slowing down today. Market trends were mixed. Peanut oil and cottonseed oil prices stopped falling. While the decline in various imported edible oils continued. World market news was showing softness. Soybean oil prices in the US overnight trade were down 115 to 150 points. With soyoil falling in the US, analysts were predicting lower prices for palm oil in Malaysia on Monday morning. Meanwhile, in the Mumbai spot market, the price of 10 kg of cingulum oil was Rs 1,610 and cottonseed oil was Rs 150. On the Saurashtra side, the price of cingulum oil has gone up from Rs 2,000 to Rs 6,050 today to Rs 4,050 to Rs 1,050 (15 kg) while the price of 10 kg loose has gone up from Rs 150 to Rs 150 to Rs 12. There, the price of cotton washed was quoted at Rs. Meanwhile, in the Mumbai spot market, imported palm oil fell by Rs 115 to Rs 115 today, while crude palm oil CPO Kandla was trading at Rs 1,105. The last price in