Page 1652 - Business Finance
Refined soya oil futures gain 1.02% on spot demand
Refined soya oil prices rose by 1.02 per cent, to Rs 725.5 per 10 kg in futures trade Tuesday as traders created fresh positions in sync with higher physical markets sentiment. At the National Commodity and Derivatives Exchange, refined soya oil for February 2019 went up by Rs 7.35, or 1.02 per cent, to Rs 725.5 per 10 kg with an open interest of 5,590 lots. On similar lines, the oil for January was trading higher by Rs 4.35, or 0.6 per cent, to Rs 730 per 10 kg in 33,580 lots. Analysts said, restricted supplies from growing belts, encouraged traders to build up exposure leading to the rise in soya oil prices.
Cottonseed oil cake futures fall 0.81%
Cottonseed oil cake prices were down by 0.81 per cent to Rs 15.5 per quintal in the futures trade Tuesday after speculators offloaded their holdings in tune with weak trend at the physical markets. At the National Commodity and Derivatives Exchange, cottonseed oil cake for January next year fell by Rs 15.5, or 0.81 per cent, to Rs 1,908 per quintal, with an open interest of 29810 lots. Cottonseed oil cake for the most-traded February contracts also declined by Rs 12.5, or 0.64 per cent, at Rs 1,936.5 per quintal with a business turnover of 5,730 open lots.
Chana futures fall on subdued demand
Chana prices declined by Rs 20 per cent to Rs 4,615 per quintal in futures trade Tuesday after participants reduced their exposure amid subdued demand at the spot market. Profit-booking at higher levels also weighed on the sentiment. At the National Commodity and Derivatives Exchange, Chana for December delivery was trading lower by Rs 32, or 0.69 per cent, at Rs 4,615 per quintal, with an open interest of 20,020 lots. Similarly, the commodity for January, next year, also fell by Rs 20, or 0.43 per cent, at Rs 4,640 per quintal with an open interest of 22,380 lots. Marketmen said trimming of bets by traders due to sluggish demand in the physical market against adequate stocks position mainly led to fall in chana prices.
Coriander futures rise 1.21% on firm demand
Coriander prices were trading up by 1.21 per cent at Rs 6,680 per quintal in futures market Tuesday as participants increased positions amid rising spot demand. Besides, tight supplies from major producing belts fuelled the uptrend. At the National Commodity and Derivatives Exchange, coriander delivery for January rose by Rs 80, or 1.21 per cent, to Rs 6,680 per quintal with an open interest of 21,980 lots. Similarly, the contract for far-month April 2019 was trading higher by Rs 68, or 0.99 per cent, to Rs 6955 per quintal with an open interest of 5,680 lots. Market analysts attributed the rise in coriander futures to upsurge in demand in the physical market against low stocks position amid fall in supplies from producing regions.
Jeera futures edge higher on strong demand
Jeera prices rose by 1 per cent, to Rs 190 per quintal, in futures trade Tuesday after participants widened positions on rising demand amid firm trend overseas. Restricted supplies in the domestic spot market and some export enquiries, too, supported the uptrend. At the National Commodity and Derivatives Exchange, jeera delivery for December traded higher by Rs 160, or 0.85 per cent, to Rs 18,900 per quintal with an open interest of 2811 lots. Likewise, the contract for January next year increased by Rs 190, or 1 per cent, to Rs 19,180 per quintal with an open interest of 2,187 lots. Traders said speculative positions built up by participants amid pick-up in domestic spot markets mainly influenced jeera prices here.
UK construction PMI growth edges up to four-month high
LONDON (Reuters) - British construction activity grew at the fastest pace in four months in November, spurred by house-building and commercial work, though Brexit worries weighed on firms' outlook for the coming year, a survey showed on Tuesday.
Gem and jewellery exports likely to be flat
The gem and jewellery sector, hit by cash flow and facing hurdles in financing, is expecting that the growth in exports will be flat in dollar term by end of the current fiscal, an official said on Tuesday.
No obstruction to J&K Bank's financial independence: Governor
Jammu and Kashmir Governor Satya Pal Malik on Tuesday categorically assured that no changes are intended in the financial status and independence of the J&K Bank.
Castor seed prices up Rs 136 on spot demand
Castor seed prices rose sharply by Rs 136 to Rs 5758 per quintal in futures trade Tuesday due to up-tick in demand. Marketmen said besides rising demand from consuming industries, shortage of supply at the spot markets mainly led to the rise in castor seed futures. At the National Commodity and Derivatives Exchange, castor seed for January, next year, was trading higher by Rs 136, or 2.42 per cent, at Rs 5754 per quintal. Castor seed contracts for December showed a similar trend rising Rs 130, or 2.34 per cent, to Rs 5690 per quintal, with an open interest of 41,675 lots.
Australian private firm hires Macquarie for sale that could fetch $1.5 billion
SYDNEY (Reuters) - BGC, one of Australia's biggest privately owned companies, said on Tuesday it has hired Macquarie Group to find a buyer for the business, in a possible deal that local media said would be worth about A$2 billion ($1.5 billion).
Job offers for IIT-M students rises by 30%
Job offers for students of the Indian Institute of Technology-Madras (IIT-M), in the first phase of placements for 2018-19, has increased by nearly 30 per cent, excluding pre-placement offers, compared to last year, a statement said on Tuesday.
Stronger upturn in new business boosts services jobs: Nikkei India Services PMI
Nikkei India Services Business Activity Index posted in expansion territory for the fifth straight month
Shankara Building Products Ltd leads losers in 'A' group
Kwality Ltd, IL&FS Transportation Networks Ltd, DLF Ltd and India Cements Ltd are among the other losers in the BSE's 'A' group today, 04 December 2018.
Alkem Labs gains after closure of USFDA inspection at St. Louis facility
Alkem Laboratories rose 1.04% to Rs 1920 at 14:41 IST on BSE after closure of US drug regulator's inspection at the company's manufacturing facility at St.Louis in USA.
ITR filing up 50% so far this year: CBDT chairman
Income tax return filing for assessment year 2018-19 has so far seen a 50 per cent rise since last year, a top finance ministry official said Tuesday. "This is the effect of demonetisation," Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra said on the sidelines a CII event. Demonetisation has been very good for increasing the tax base of the country. This year, we have already got around 6.08 crore income tax returns, which is 50 per cent higher than last year by this particular date, he said. He further added that the revenue department will achieve direct tax collection target, which is 11.5 lakh crore, for the current financial year. "Our gross direct tax growth rate is 16.5 per cent and net direct tax growth rate is 14.5 per cent, which itself shows that demonetisation really helped in widening and deepening of tax base. "As on date, total direct tax mop up stood at 48 per cent of the Budget estimate," the CBDT chief insisted. He also said that so far 70 countries are .
Mohota Industries Ltd leads losers in 'B' group
PVP Ventures Ltd, Ambition Mica Ltd, Technofab Engineering Ltd and Mahamaya Steel Industries Ltd are among the other losers in the BSE's 'B' group today, 04 December 2018.
Volumes jump at Shriram City Union Finance Ltd counter
Shriram City Union Finance Ltd witnessed volume of 1.26 lakh shares by 14:11 IST on NSE, a 30.1 times surge over two-week average daily volume of 4195 shares
Telecom stocks see mixed trend
Indian equities were trading in a small range with negative bias in mid-afternoon trade. At 14:24 IST, the barometer index, the S&P BSE Sensex, was down 93.40 points or 0.26% at 36,147.60. The Nifty 50 index was down 10.15 points or 0.09% at 10,873.60. Telecom stocks saw mixed trend.
Oil up 1 percent on expectations of OPEC-led output cuts
LONDON (Reuters) - Oil prices rose more than 1 percent on Tuesday, extending gains ahead of expected output cuts by producer cartel OPEC and a mandated reduction in Canadian supply.
ANMI's 'StockTech 2018' Highlights the Need of World-class Technology to Boost Business in Financial Markets
/ -- 45 exhibitors showcased a range of latest technology trends for financial markets to over 700 decision makers at StockTech 2018 StockTech 2018, the first technology exhibition-cum-conference to showcase solutions by leading IT vendors pertaining to Stock Broking Community, was organized by ANMI - WIRC in Mumbai on Friday, 30th November. The event saw an amalgamation of 45 exhibitors, 700 decision makers and a comprehensive line-up of the latest technology trends. ANMI, which is short for Association of National Exchanges Members of India, is a pan India body comprising of trading members of National Stock Exchange of India Limited (NSEIL), Bombay Stock Exchange (BSE) and other exchanges having national presence. The event aimed at creating a platform between ANMI members and the IT companies against the backdrop of an ever-increasing role played by technology in the Indian Financial Markets. "Stocktech 2018-the ANMI technology show has been organized keeping in mind the ever ...