Market Bizzz

The panel will have to advise the regulator on simplifying and strengthening the current norms by adopting appropriate global practices. The committee, which has representatives from stock exchanges and law firms, would also have to suggest measures to facilitate ease of doing business.

Tata Consultancy Services has launched the TCS Quantum Computing Lab on Amazon Web Services to help enterprises explore, develop, and test business solutions and accelerate the adoption of quantum computing.

Meanwhile, Group of Seven(G7) and European Union diplomats have been discussing a price cap on Russian oil of between $65 and $70 a barrel, with the aim of limiting revenue to fund Moscow’s military offensive in Ukraine without disrupting global oil markets.

Mobility data in China is showing the impact of a resurgence in COVID-19 cases,” ANZ analysts wrote in a research note Monday. “This remains a headwind for oil demand that, combined with weakness in the U.S. dollar, is creating a negative backdrop for oil prices.

In an attempt to bolster China’s slowing economy – which has struggled under its stringent COVID restrictions – the nation’s central bank said on Friday that it would cut the reserve requirement ratio (RRR) for banks by 25 basis points (bps), effective from Dec. 5.

The trading range of the index also widened a bit as it oscillated in the 401.55-point range while staying a whisker away from lifetime high. Following strong moves in the last two sessions, the headline index Nifty ended with a net gain of 205.1 points (+1.12%).

With the financial services sector performing well in the recent past, and indicating a potentially sharp upside over the long term, as a savvy investor, you may consider moving beyond banking stocks and stepping up your portfolio by building positions in these financial services heavyweights.