Sensex Deccan Media Stock Exchange 

Sensex slips over 150 points on F&O expiry, weak global cues

Snapping its two-session rising streak, the benchmark BSE Sensex fell in excess of 150 points in early trade on Wednesday as examiners offloaded positions before Spring F&O expiry and budgetary year wrapping up. A delicate example at other Asian bourses after a sharp fall on Cash Street, driven by development stocks, in like manner weighed on promotes supposition here. The 30-share document was trading lower by 164.52 points or 0.49 for every penny, to 33,009.87. The measure had expanded 577.85 concentrations in the previous two sessions. All the sectoral records…

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Stock Exchange 

Nifty to close in green helps in Late Recovery

Market breadth remained slightly in favour of advances with ADV/DEC ratio closing at 1:1x. Nifty PCR continued to move higher, closing at 1.35x. In today’s exchange, markets continued to remain resilient and posted a good recovery in last one hour of trade lead by big heavyweights like Infosys, Reliance which gained more than 2% each. For the second consecutive day, Nifty and Bank Nifty futures ended on a flat note with no major condition in which things are happening or being done in their future contract. Tracking the options front,…

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Stock Exchange 

Do Silver Price Bounce Again?

On a global scale, demand for investment purpose in Silver has decreased as Investors prefer equities over billions. The growing the action of using up a resource of Silver is mainly driven by huge demand from the industrial applications market. The industrial application involves autocatalysts, supercapacitors and water purification among others. Jewellery is anticipated to be the second largest application for the silver market. Silver is extremely used in ornaments, coins and tableware. It is also used in high capacity batteries, cell phones and thick film PV in smaller amounts….

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Stock Exchange 

Dollar Index Slide unintentionally for a short distance after FOMC Meet

The minutes from the Federal Reserve FOMC meeting were released yesterday. Fed officials discussed the US an increase in the number of amounts produced per head of the population over a period of time. and employment in positive terms. There were also concerns during the meeting that prices in US financial markets have become imbalanced and impose an excessive burden of work or commitments, and there were worries that any sharp fall in asset prices could have a significantly negative impact on the economy. Fed officials were dovish on the…

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Stock Exchange 

Bitcoin Fever Prices may soon hit $10,000 in Gold fund.

The fund started buying in April with a mandate to allocate as much as 5 percent to currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank, according to its manager, Ned Naylor-Leyland. The idea is to take profits from bitcoin as it advances to reinvest in gold and silver assets, he said in an interview on Nov. 16. “Bitcoin was explicitly designed to be digital gold,” said Naylor-Leyland. “So if you’re going…

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Stock Exchange 

To boost local supplies On Onion Govt imposes $850/tonne MEP

The government today imposed a minimum export price (MEP) of USD 850 per tonne on onion to become or make greater domestic supplies and check rising prices. MEP is the minimum rate below which exports are not allowed. Onion MEP was removed from service in December 2015.  In a notification, the Directorate General of Foreign Trade (DGFT) said: “Export of onion…shall be permitted only on Letter of Credit (LC) subject to an MEP of USD 850 per tonne till December 31, 2017.” Export of all state of being different onions will be allowed only…

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