Market Bizzz

The current statement commits the BOJ to achieving its inflation target “at the earliest date possible”, and the BOJ has steadfastly stuck to its dovish monetary policy. That stance and the resulting interest rate differentials with the rest of the world has caused the yen to plunge more than 15% this year.

Nifty has officially delayed its breakout and will continue resisting the crucial 18,600 levels. Moving past this point remains critically important to reattempt any breakout by the index. On the other hand, Bank Nifty has continued to relatively outperform Nifty.

In domestic markets, silver prices started the year around Rs 62,000, then touched Rs 73,000 in March, fell back to Rs 52,000 in August and now prices have rallied back above Rs 68,000 due to the rupee depreciation during the year.

“November data shows largecap category witnessed redemption of Rs 1,038 crore on one side, while on theother side, midcap category saw inflows of Rs 1,176 crore and smallcap funds received Rs 1,378 crore,” said Viraj Gandhi, CEO, Samco Mutual Fund.

Under the framework, scenarios which may potentially prevent a clearing corporation from being able to provide its critical services and may lead to winding down of its critical operations and services have been identified.

Government of India, in consultation with the Reserve Bank of India, has decided to offer a discount of Rs 50 per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode.

He had availed loan to exercise warrants and enable maintaining the total promoter’s stake at a minimum of 26 per cent during the first 5 years of operations that ended in January 2022 as per the RBI regulations, it said.

The market found support this week from International Energy Agency projections of Chinese oil demand recovering next year after a 2022 contraction to 400,000 barrels per day (bpd). The agency raised its 2023 oil demand growth estimate to 1.7 million bpd.