MCX Turnover Rises On High Volatility In Gold And Crude

The Multi Commodity Exchange of India Limited (MCX), India’s largest commodity exchange, recorded a turnover of Rs65.91 lakh crore in FY2019, registering an increase of 22percent compared to the previous fiscal, as per media quotes. The rise in turnover was attributed by the volatile crude oil and gold prices. In...

RBI Reduces Key Interest Rate By 25bps, Markets Volatile

In line with market expectations, the Reserve bank of India (RBI), its first bi-month Monetary Policy Committee meeting on Thursday, reduced key benchmark policy rates by 25bps to 6.00%, in a 4-2 split vote on Thursday. The repo-rate, at which commercial banks borrow from the RBI, now stands at 6%. The...

Stocks Rise On Positive Global Cues

Share benchmark indices –Sensex, Nifty– opened strong on Monday morning, taking cues from their Asian shares. Asian stocks rose on Monday, as signals of progress in US– China trade talks supported investor sentiment. Crude Oil prices rose on Monday as concerns over supplies outweigh fears of a slowing global economy. Currency...

Falls In Global Crude Oil Prices Led Gains In OMCs

Global crude oil prices set a decline on Monday with International Brent crude & US WTI crude futures trading 1% down each. In addition, Brent crude plunged one percent. The Crude oil price benchmarks have fallen by about 3% since last week, hitting their 5-month highest from November last year. The fall is...

Stock Markets Set To Surge On Goldman Upgrade Earnings Outlook Growth

Goldman Sachs Group Inc, the leading global investment banking, securities and investment management firm, upgraded its view on India to its honored term OVERWEIGHT in view of India’s catches up with pre-election rally amid expectations of another majority win for the ruling BJP. India’s sharp underperformance in the first two...

NSE Launches Brent Crude Oil Contract On 1st March

India’s leading exchange, the National Stock Exchange of India Limited (NSE) on Thursday notified that it will launch its crude oil futures contract effective from today, the first March 2019. The Exchange has inked an accord with ICIS, a leading global market information contributor for the energy and petro-chemical markets,...