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NMDC, the country’s largest iron ore miner, has made a sharp reduction of Rs 1,100 per tonne in the price of lump ore and Rs 1,000 in case of fines. The prices are effective from June 5, 2022.
Experts expect the volatility to continue in both global and domestic markets just before the RBI MPC meet outcome, ECB meeting and the US inflation data
The Federal Reserve is on track for half a point interest rate increases in June, July, and perhaps even beyond as fresh job market data showed no sign the U.S. economy is buckling under the pressure of high inflation and rising borrowing costs.
Markets will be on tenterhooks for the U.S. consumer price report on Friday, especially after EU inflation shocked many with a record high last week.
There were over 160,000 investors that held Luna on the exchange on May 9 and by May 15 the number grew by 77% in India, according to Rajagopal Menon, vice president at Binance-owned WazirX. It’s unclear how many more investors held TerraUSD.
Prices of domestic benchmark hot-rolled coil (HRC) steel at the traders’ end have slipped by about 8% or ₹5,500 to about ₹63,800 per tonne since May 18, according to SteelMint, a market intelligence agency.
These ultra-high net worth individuals are using a non-banking finance company – preferably an existing local entity – to sponsor an overseas investment company, a wholly-owned subsidiary, in a financial centre like Dubai.
The government has budgeted ₹7.5 lakh crore capital expenditure in FY23, up from ₹ 6.02 lakh crore in FY22, in order to drive economic revival.
The policy stance to be adopted by the central banks and US job data will determine the market trends for the coming week
The broader indices, too, ended higher. The BSE midcap index closed 0.03 percent higher, while the smallcap index gained 0.64 percent