NSE Reports

Commodities update: oil surges, gold volatile

Crude prices are surging in anticipation of the FDA’s potential approval of Pfizer’s vaccine, as Asia’s economic recovery, is making Chinese and Indian refiners acquire more oil, and on rising geopolitical risks in the Middle East after Iraq had two wells hit.  It seems the impending lockdowns across the US and the potential hit to crude demand is being compensated by improving trends across Brazil, the UK, and most of Asia.

Gold prices went on a rollercoaster ride after a surge in jobless claims boosted stimulus expectations, only for Senate Majority Leader McConnell to throw cold water on the bipartisan stimulus proposal.  No progress has been over the red lines despite what Pelosi and Mnuchin have been saying.  Fresh stimulus before the holidays was starting to get priced in for gold, so any disappointment over the next few days could trigger further selling pressure.



LVB moratorium to be lifted on Friday; all branches to function as DBS Bank, says RBI

All the branches of the Lakshmi Vilas Bank (LVB) will function as branches of DBS Bank India with effect from November 27, the RBI said in a release.

This is after Cabinet cleared scheme for the amalgamation of the LVB with DBS Bank India.

The government put the bank under a one-month moratorium while the RBI announced an amalgamation scheme with DBS last week after the financial situation of the ban worsened.

LVB was in talks with Clix Capital for a possible merger. But, this deal didn’t get the RBI clearance.

TODAY BIHAR ELECTION RESULT 2020 MARKET MAY BE HIGH VOLATILE

TODAY BIHAR ELECTION RESULT 2020 MARKET MAY BE HIGH VOLATILE AND PROFIT BOOKING . PLEASE TREAD LIMITED QTY OR KEEP STRICT STOPLOSS OR STOPLOSS TO AVOID HUNG LOSS .


Government approves up to 100 per cent FDI in Bharti Airtel

The telecom department has approved raising the foreign direct investment (FDI) limit in Bharti Airtel NSE 8.20 % to 100% from an earlier 49%, a provision that can help the telco draw more overseas funds.
“Bharti Airtel has received the approval from the Department of Telecommunications vide its letter dated January 20, 2020, for increasing the limit of foreign investment up to 100% of the paid-up capital,” the telecom company said in a regulatory filing on Tuesday.


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