Market Bizzz

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.

Equities have rallied since hitting lows for the year in mid-October, as signs of cooling inflation sparked optimism that the end of the Fed’s rate hike path could be on the horizon. But the rally has fizzled in December as investors see mixed economic data and a resolute Fed as having increased the chances of a recession.