Futures turnover at commodity bourses in India Market, the world's biggest buyer of bullion and second largest wheat grower, jumped 51.3% to Rs 182,26,000 crore in the last fiscal year, spurred by MCX gold and agricultural commodities. More Information about indian stock market visit the site stock-market-expert-tips.blogspot.com
Volumes in agricultural commodities jumped 50.74% to Rs 21,94,000 core in the fiscal year that ended in March, while bullion futures volumes jumped 85.33% to Rs 101,81,998 crore, data from the regulator showed.
The commodity indian stock market regulator has taken a series of steps from limiting position limits to imposition of margins to check excessive speculation in agricultural commodities, after banning trade in guar gum and seed in late March.
India, which allowed futures trading in commodities in 2003, has 24 commodity bourses, including six operating at the national level.
Showing posts with label indian stock market. Show all posts
Showing posts with label indian stock market. Show all posts
Thursday, 12 April 2012
Tuesday, 10 April 2012
Gold Ntraday Tips For Tomorrow in India
Gold Ntraday Tips For Tomorrow in India, the world's largest consumer of the yellow metal, booked stray deals after a three-week long strike, seeking to replenish stocks for a gold buying festival slated later in the month, dealers said. More Information about Ntraday Tips For Tomorrow visit the site stock-market-expert-tips.blogspot.com
* "Few orders are there on the lower side... market is slowly gearing up ahead of Akshaya Tritiya," said a dealer with a private bullion importing bank in Mumbai.
* Jewellers in India ended their three-week strike on Saturday after assurance the federal government would consider scrapping a budget proposal to levy excise duty on unbranded jewellery.
People will be buying now after closing shops for weeks together as wedding season is on," said Harshad Ajmera, proprietor of JJ Gold House. "There were good retail sales yesterday."
Gold for June delivery on the Multi Commodity Exchange (MCX) was up 0.48% at Rs 28,333 per 10 grams.
* "A level of Rs 27,200-27,500 will be good enough for market to activate," said the private bank dealer.
* "Few orders are there on the lower side... market is slowly gearing up ahead of Akshaya Tritiya," said a dealer with a private bullion importing bank in Mumbai.
* Jewellers in India ended their three-week strike on Saturday after assurance the federal government would consider scrapping a budget proposal to levy excise duty on unbranded jewellery.
People will be buying now after closing shops for weeks together as wedding season is on," said Harshad Ajmera, proprietor of JJ Gold House. "There were good retail sales yesterday."
Gold for June delivery on the Multi Commodity Exchange (MCX) was up 0.48% at Rs 28,333 per 10 grams.
* "A level of Rs 27,200-27,500 will be good enough for market to activate," said the private bank dealer.
Tuesday, 3 April 2012
Stock Market NSE extends Facility to Convert e-Gold Unit into Coin
Financial Technologies promoted National Spot Exchange (NSE), today said it is extending the facility of physical conversion of e-Gold units into one gram of gold coins. "The latest move to allow e-Gold delivery in 2 gm denominations is a benefit that is unique to this product alone. More Information about stock market nse visit the site stock-market-expert-tips.blogspot.com
No other commodity investment product in gold available in India has this facility. Certain other features such as transparent pricing, seamless trading and zero holding costs have made this product a preferred investment option for retail investors and HNIs," NSEL managing director and CEO Anjani Sinha.
In e-Gold, investors have found a unique way to park their money in gold without having to worry about purity or physical security that is inherent to jewellery and physical bullion, he added. This launch was to mark the completion of two years of launch of 'e-Gold' - India's first commodity investment product in demat form.
This is in addition to the existing delivery denomination options available in 8 gms, 10 gms, 100 gms and 1 kg lots. E-Gold comprised 18% of NSEL's total turnover in the FY12. PTI SM ABC
No other commodity investment product in gold available in India has this facility. Certain other features such as transparent pricing, seamless trading and zero holding costs have made this product a preferred investment option for retail investors and HNIs," NSEL managing director and CEO Anjani Sinha.
In e-Gold, investors have found a unique way to park their money in gold without having to worry about purity or physical security that is inherent to jewellery and physical bullion, he added. This launch was to mark the completion of two years of launch of 'e-Gold' - India's first commodity investment product in demat form.
This is in addition to the existing delivery denomination options available in 8 gms, 10 gms, 100 gms and 1 kg lots. E-Gold comprised 18% of NSEL's total turnover in the FY12. PTI SM ABC
Tuesday, 27 March 2012
Gold has support around USD 1617: Indian Stock Market
Gold is trading at 1664.147 levels, rising higher in trade. Gold traded higher as the dollar took a breather and was trading weaker amongst major currencies. Lesser liquidity injections into the system by various sovereign authorities will see limited trading action and also possible downward bias in the commodity space. Support is seen at 1617.240 (55days EMA in Weekly chart) and the resistance comes near 1680.344 (21 days daily EMA). Overall bearish target 1600 dollars. More information about indian stock market please visit the site stock-market-expert-tips.blogspot.com
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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