Centre allows import of urea through India Potash till March 2024
“Import of Urea (for agriculture purpose) on Government Account shall be allowed either by designated STEs itself, or through any entity/entities (Fertilizer Marketing Entities) so authorized by the Department of Fertilizer from time to time, for filing BEs at Indian Ports,” said the notification published on Wednesday.
Hot Stocks: Brokerages view on GAIL India, Asian Paints and TTK Prestige
JPMorgan maintained a neutral rating on GAIL India with a target price of Rs 115. The tariff order is positive, and volumes should pick up, said the global brokerage. Tariff hike and lower spot LNG prices are positive for the stock, it added
Investors turn more bearish on stocks after Fed, survey shows
The survey results align with the view of Fed officials, but it pushes back on traders who amped up bets on rate cuts for this year — sending Treasury yields sliding — even after Wednesday’s hike and Fed Chair Jerome Powell’s subsequent comments.
At multi-year highs: These 3 stocks gave 5-year breakouts
In the NSE list of stocks with a market cap of over Rs 100 crore, three stocks crossed their previous 5-year high value at close on March 22, suggesting bullishness in counters, according to stockedge.com’s technical scan data.
Options traders could face big losses as NSE scraps ‘do not exercise’ facility
NSE reintroduced the DNE facility in April 2022 after discontinuing in October 2021 after brokers complained of trading mishaps during the expiry of equity derivatives contracts with traders unable to meet their settlement obligations connected to physical delivery.
Stocks to buy today: 3 short-term trading ideas by experts
Equity markets across Asia were also trading mixed after the US Federal Reserve hiked interest rates by 25 basis points (bps) in their latest committee meeting which was in line with market expectations.
Big Movers on D-St: What should investors do with Ion Exchange, Vodafone Idea and Emami?
It formed Higher Highs and Higher Lows on the long-term chart and is trading close to 52-week highs. It is advised to keep a bullish outlook and to buy at the support level of 3200-3250 with a stop loss of 2990. On the higher side, 3600+ levels are possible.
Old gold sales rise 25% as prices breach Rs 60,000
“There has been a sharp increase in old gold sales following the spurt in prices of the yellow metal. In South India, some are exchanging old gold for new, while some are taking liquid cash against gold,” said James Jose, former secretary of Association of Gold Refineries and Mints.
Drop in foreign flows to deepen on global monetary tightening
The foreign direct investment (FDI) inflows dipped nearly 13% this fiscal till January, mirroring the negative sentiment in the global investment climate, while foreign institutional investors (FII) have sold equities worth $6.1 billion in the same period on net basis, Reserve Bank of India data showed.