Currency derivatives volumes dry up ahead of RBI deadline
Average daily turnover for currency futures and options, including notional turnover for currency options, on the country’s largest stock exchange was at ₹20,646.06 crore in April, registering a decline of 87% from ₹1.56 lakh crore in March, exchange data showed.
Gift Nifty futures volumes soar 25% in 4 months to $82 billion in April
This marked a 25% increase compared to December turnover, contrasting with a 7% growth in Nifty futures turnover on the NSE during the same period.
Ambuja Cements Q4 Results: Profit doubles to to Rs 1,526 crore on volume growth, cost optimization
Ambuja Cements’ consolidated net profit for the March quarter nearly doubled on year to Rs 1,526 crore aided by a robust volume growth and cost reduction.
JSL charts Rs 5,400 crore strategic investment plan
Company officials said JSL expects its debt to rise by Rs 300-500 crore, over the existing Rs 4,800 crore, by the end of the current fiscal due to the expansion plans. JSL said it will be developing and operating a stainless steel melt shop (SMS) in Indonesia with an annual production capacity of 1.2 MTPA. […]
Fed cites lack of progress on inflation, holds rates steady
Officials unanimously decided to leave the target range for the benchmark federal funds rate at 5.25% to 5.5% – where it’s been since July – following a slew of data that pointed to lingering price pressures in the US economy.
Think twice about selling in May and going away
But some investors might be tempted to consider selling this time as the general elections are feared to induce sharp swings in equities. Investors are also growing nervous about the US Federal Reserve delaying interest rate cuts as expected by the financial markets.