Global markets reacted with anxiety as Putin threatened nuclear action following Ukrainian missile strikes deep inside Russia, facilitated by the US. European stocks and bond yields declined, while safe-haven assets like gold and the Swiss franc saw gains. The situation escalated after Biden lifted the ban on Ukraine using US long-range missiles against Russia.
Posts in category Economic Times
Is MCX closed for Maharashtra Assembly elections today? (20-11-2024)
The Multi Commodity Exchange of India (MCX) will be closed for morning trading on November 20, 2024, due to the Maharashtra Assembly Elections. However, the evening session will proceed as usual. Indian stock exchanges, NSE and BSE, will also remain closed. This closure is in line with the 16 trading holidays announced by MCX for 2024.
Stock market holiday: BSE, NSE shut for trading on account of Maharashtra polls (20-11-2024)
Indian stock exchanges closed on Monday for Maharashtra Assembly Election 2024, marking the 14th trading holiday this year. Benchmark indices Sensex and Nifty50 ended flat on Tuesday, with Nifty falling close to 10% from its September high. Foreign portfolio investors continued their selling spree in November.
Russia restricts cryptocurrency mining in low-energy regions (19-11-2024)
Russia has banned cryptocurrency mining in several Siberian regions and annexed areas of Ukraine to prevent winter power shortages. The ban targets areas near Lake Baikal, known for low-cost hydropower, and aims to alleviate strain on energy grids. Cryptocurrency mining in Russia consumes an estimated 1.5% of the country’s electricity, posing challenges in regions with harsh climates.
Sebi seeks to tighten eligibility criteria for SME IPOs. Here’s how (19-11-2024)
Sebi is considering tightening rules for SME IPOs to protect retail investors. The regulator proposes to debar companies whose promoters or directors are debarred from the capital market or are wilful defaulters. This move aims to enhance investor protection in the SME IPO segment.
Patels Airtemp (India) settle disclosure violation case with Sebi (19-11-2024)
Patels Airtemp (India) on Tuesday settled a case with capital markets regulator Sebi related to an alleged violation of disclosure rules by paying a settlement amount of Rs 28.53 lakh. Heavy machinery company Patels Airtemp (India) is a BSE-listed entity.
Rupee expected to be volatile in NDF market amid escalations between Russia & Ukraine (19-11-2024)
The Indian rupee closed at 84.41 per US dollar on Tuesday. Dollar demand from importers and foreign banks pressured the rupee, but RBI intervention limited losses. The offshore market remains volatile due to the Russia-Ukraine war. NDF levels serve as a proxy for domestic currency levels.
US stocks open lower as Russia-Ukraine tensions escalate (19-11-2024)
Wall Street’s main indexes opened lower on Tuesday, as escalating tensions between Russia and Ukraine sent investors rushing to safe-haven assets.
NPA provisioning for banks moderates in Q2 driven by PSBs (19-11-2024)
Provisioning for bad loans by banks fell in the September quarter for the second consecutive period based on year-on-year comparison driven by the public sector banks (PSBs).