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, …
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 …
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 …
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 …
When the government announced its H1 borrowing programme for 2018-19, two things stood out. Firstly, the first half borrowing in the coming fiscal is likely to be sharply lower than what the government had budgeted in the previous years. Secondly, with the risk of rising bond yields still rampant, the government has decided to focus …
The monetary policy announced by the MPC on April 05th had little by way of surprises. There was almost a consensus among the bond traders and the fund managers that the RBI would hold the repo rates at 6%. What was of greatest interest was their inflation outlook and monetary policy stance! The following are …
Quite often the trade deficit and the current account deficit (CAD) are used interchangeably. There is a subtle difference between the two. While trade deficit refers to the excess of merchandise imports over merchandise exports, the CAD looks at the net effect of trade in services and remittances too. The CAD is a more revealing …
The Coronavirus outbreak or the Covid-19 epidemic has already resulted in more than 42,000 deaths across the globe. Along with the high mortality rate, the pandemic is also responsible for crashes in financial markets across the globe. The oil price war between Russia and OPEC has worsened the existing scenario, negatively impacting global financial markets. …
The ongoing COVID-19 pandemic has completely disrupted the lives of people across the world. Not only has it put the health of individuals at risk, but it has also negatively impacted the financial and economic sectors in multiple countries. Almost all non-essential industries and businesses have been forced to shut their operations due to the …
