The company said it expected CFD net trading revenue to nearly double to 214 million pounds ($265 million) for the year ended March 31, with higher transaction volumes offsetting a hit from regulatory restrictions on the sale of complex financial products to retail clients. … [Read more...] about CMC revenues surge as locked down traders take to their mobiles
Commodity market live rates on mobile
New Delhi: Coriander prices on Wednesday rose by Rs 139 to Rs 6,286 per quintal in futures trade on spot demand and restricted supplies from producing belts. On the National Commodity and Derivatives Exchange, coriander for April delivery shot up by Rs 139, or 2.26 per cent, to Rs 6,286 per quintal with an open interest of 2,400 lots. Similarly, the spice for May delivery traded higher by Rs 110, or 1.84 per cent, at Rs 6.090 per quintal in 3,530 lots. A firm trend in spot market and restricted supplies from producing regions pushed coriander prices up, market analysts said. Soybean Soybean prices on Wednesday rose by Rs 2 to Rs 3,792 per quintal in futures market as traders created fresh positions tracking positive spot demand. On the National Commodity and Derivatives Exchange, soybean for April delivery rose by Rs 2, or 0.05 per cent, to Rs 3,792 per quintal with an open interest of 61,030 lots. Soybean for May delivery went up by Rs 36, or 0.96 per cent, to Rs 3,776 per … [Read more...] about Agri commodities: Coriander, soybean futures rise on positive demand
Mumbai: The 75-basis-point emergency interest rate cut by the Reserve Bank of India late in March has taken the shine off Masala Bonds — an offshore rupee-denominated debt instrument — for foreign investors. While the lower coupon rate on these bonds after the monetary easing does not make the cut at many overseas funds, the spectre of higher taxes could dash the appetite for this product. Masala bonds are issued by Indian entities on a foreign platform such as London Stock Exchange (LSE). The bonds were originally introduced in 2014 to help India stem the weakening of the rupee. These rupee-denominated bonds carry interest rate up to 5 per cent over and above State Bank of India’s base rate. After the rate cut by RBI in March, SBI’s base rate has fallen from 8.45 per cent to 8.15 per cent. This means the highest rate that masala bonds can offer has fallen to 13.15 per cent from 13.45 per cent. Market participants say while bigger and well known names such … [Read more...] about Masala bonds less palatable after rate cut
By Harshad ChetanwalaIt is said that whenever the stock market starts plummeting the way it has from 17 Jan 2020, it brings an opportunity for those who have cash (investible surplus) with them to invest in a falling market. Is it true? The IMF chief has said that the world is in a worse recession than the one in 2008 which was precipitated by the Lehman crisis and the containment of Covid-19 virus will define the strength of recovery. Since most of the countries across the world are close to a complete lockdown in operations or are already locked down, the impact of the current crisis could be far more than the impact of 2008 Financial Crisis. Another thing that we must keep in mind is that the 2008 financial crisis was a “man made” crisis, the current global crisis is because of a virus which is highly contagious, and the vaccine for it will be ready only next year. Having said that there is no denial that economies across the world are on their way to one of the biggest … [Read more...] about Can you always make money by investing in a falling market?
Market volatility has surged in recent months, thereby boosting trading volumes, as investors scramble to exit their positions on fears over an expected recession in the world economy due to the coronavirus pandemic. (Reporting by Muvija M in Bengaluru, additional reporting by Josephine Mason in London; editing by Uttaresh.V, Patrick Graham, Kirsten Donovan) … [Read more...] about UPDATE 2-Plus500 sees customer numbers, revenues soar amid market volatility