As the Monsoon season starts in India, NCDEX on June 10th announced two indices which will measure the rainfall in the country. These non-tradable indices will be a ready reckoner for any party wants to hedge against unpredictable Monsoon rainfall. These indices named, Indian Monsoon Index (Cumulative Monsoon Index) and Indian Rain Index (Monthly Cumulative …
India is ready to introduce its very first and very own automated trading platform for gas trading. On Monday, June 15, Union Oil Minister Dharmendra Pradhan inaugurates Indian Gas Exchange (IGX) to mark the beginning of natural gas trading through a consolidated platform in the country. Gas is a widely traded commodity globally, with high …
Experts believe that COVID-19 is going to bring some permanent changes in economics that will impact several sectors, including automobile. The Indian automobile sector, already struggling under suspension of work and weak demand, needs to adjust in more than one frontier to cope with the changes. Indian automobile sector was struggling with increasing overhead, economic …
The Indian telecom players urged TRAI for an early decision on tariff flooring price, citing it is critical for reviving the telecom industry which is struggling with rising liability and shrinking profit. Now, there is no such ceiling placed, and service providers are free to decide prices for their services, prompts price war. Members of …
Kotak Mahindra Bank Ltd. On Tuesday launched QIP (Qualified Institutional Placement) shares in a bid to raise Rs 7,000 crore from the market. It will help the bank to meet regulatory compliance and improve its balance sheet. Kotak Bank is one of the top-performing shares in the stock exchange, and after the announcement, its value jumped by …
Agri Futures Index, launched by NCDEX, generated a volume of Rs 21 crore on the first day of its launch. With a base value fixed at Rs 1000, NCDEX released AGRIDEX contracts with expiration date in June, July, September and December. A brief history of NCDEX The National Commodity & Derivatives Exchange (NCDEX), established in 2003, …
Remisier vs Sub-broker: Who Strikes a Better Deal? India’s stock market involves many critical players, each with specific roles. Two such vital players are remisier and sub-brokers. Often these terms are used interchangeably, but there are subtle technical differences in how they operate. It will be useful to know how to differentiate one from the …
Market analysts have revised their outlook on SBI after Q4 performance, lowering its target price but retaining ‘buy’ rating for its better asset profile. The revised score came on Monday after the fourth-quarter performance report was published. Brokerages cut SBI share price targets post Q4 due to subdued performance in loan disbursement segment; although deposit during …
It seems like companies are leaving no stones unturned that might help them avoid the rising financial crisis from COVID-19 pandemic. On Tuesday, Bharti Telecom, the promoter company of Bharti Airtel, announced a block deal of share worth Rs 7,600 crore to improve its balance sheet. Although the deal happened on Tuesday, Airtel is yet …
Candlestick charts are widely used by analysts and traders to understand market movements, both short-term and long-term. Different types of candlestick graphs are popular today, but it was initially developed in Japan during the 17th century. Japanese rice traders started using technical analysis to understand price movement in rice trading business. The credit for developing the …
