Gold Silver Reports (GSR) – Bitcoinβs Premium to Gold Looks Set to Get Hit by Fed Hikes — Bitcoinβs soaring premium to gold is being eroded as the digital currency faces regulatory scrutiny and lower demand. The convergence is likely to accelerate with help from the Federal Reserve, according to Mike McGlone, a strategist at Bloomberg Intelligence, who says rate hikes have marked bitcoin tops and gold bottoms.
Money Market
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Nifty PSU Bank Index Recovers From Intraday Lows
Gold Silver Reports (GSR) – Gauge of government-owned banks β Nifty PSU Bank index recovered from intraday lows led by gains in Oriental Bank of Commerce, …
India’ Wholesale Price Inflation Falls To Lowest Since July 2017
Gold Silver Reports (GSR) – India’ Wholesale Price Inflation Falls To Lowest Since July 2017 — India’ inflation measured in term of wholesale prices fell to …
Stocks Moving On Heavy Volumes
Stocks Moving On Heavy Volumes πΒ JBF Industries: The Mumbai-based polyester textile maker rose as much as 14.45 percent to Rs 139.80. Trading volume was 35.8 times …
IRB Infra Developers Gains On Order Win
Gold Silver Reports (GSR) – πππππΒ IRB Infra Developers Gains On Order Win — Shares of the Mumbai-based road developer rose as much as 2.9 percent, the …
Banking Indices Fall After RBI Discontinues LoUs πππ
Gold Silver Reports (GSR) – Shares of the government-owned and private sector lenders were trading lower after the Reserve Bank of India decided to discontinue issuance …
Indian Equity Benchmarks Fell Dragged by Banks
Gold Silver Reports (GSR) – Indian equity benchmarks fell dragged by banks after the Reserve Bank of India decided to discontinue issuance of letters of undertaking (LoU) and letters of comfort (LoC) for trade credit for imports into India.