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NCDEX News
Limit exposure to commodities Hold on, caution experts, who explain why raw investors wanting an alternative to equities should rather stick to bullion. A range-bound and uncertain equity market has made a lot of investors shift to commodities. Brokers are flooded with requests to shift equity accounts to commodities and open new accounts. Besides gold and silver, the market for crude oil has also witnessed an increased interest. This
Guar gum dips 7% in a week on low global demand
The price of guar gum, mainly used in crude oil exploration, slumped seven per cent in the last one week, due to lower demand from abroad and high carryover stock. Guar gum is also used for food
FMC, exchanges meet on Tuesday over IPF rules
The Forward Markets Commission (FMC) has convened a meeting of heads of commodity exchanges on Tuesday, to discuss and finalise the shape of the proposed Investor Protection Fund (IPF) rules, plus
UCX seeks 6 months to sell 16% to a PSU
Technology firm IT People-promoted Universal Commodity Exchange (UCX) has sought a six-month extension to comply with the mandatory regulatory guidelines completely. The exchange has so far failed
Power Exchange asked to present turnaround plan to continue operations
The net worth of Power Exchange of India Ltd (PXIL), one of the two in the country, has slipped into a negative zone. The exchange, which began operations in 2008, has also seen business volumes
Bullion shines, other commodities subside
Domestic fundamentals unchanged, but US fright impels investors to pull back in all other markets. |
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