Derivative contracts worth $7.5 billion traded in Singapore will be transferred to India as a cross-border trading link between the two countries’ top bourses becomes fully operational. The move signifies India’s success in attracting trading activity back to its shores from global financial centers such as Dubai, Mauritius, and Singapore. The dispute between the National Stock Exchange of India and Singapore Exchange over single-stock futures trading has now been resolved, with the trading of futures and options happening in India’s GIFT City and SGX handling the clearing.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20