By Riyank Arora
On Tuesday, the benchmark index opened with a gap up of around 47 points and fell nearly 187 points towards the closing. The Nifty ended 140 points lower, while the Sensex was up by 384 points.
Among sectors, the Nifty Realty Index led the fall, with FMCG stocks outperforming all other sectoral indices rising nearly 1105 points. Technically, the market is looking weak and should witness selling pressure on every rise.
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22,350 to 22,400 zone should be considered as a strong selling zone with a strict stoploss at 22,500 for potential targets of 22,000 and 21,800 on the benchmark.
Bilasipara – G…
Read more2024 is going to an increase in demand for gold, primarily because prices above Rs 60,000 per 10 grams has now become “acceptable” to the market, according to Somasundaram PR, Regional CEO, World Gold Council India. This would lead to a rise in India’s imports of the yellow metal in the short-term, despite recent rise in tariffs. “We believe the biggest driver of gold demand is income growth… a 1% increase in income in the long term leads to 0.9% increase in demand for gold,” he told Priyansh Verma in an interview. Excerpts.
Q. What has led to the recent spurt in gold imports?
A. In e have seen in the first nine months of 2023, the demand has been a little soft. This is primarily due to high prices in th…
Read moreInvestors in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) are poised to benefit from new tax regulations as proposed in the Union Budget, which align the long-term capital gains (LTCG) holding period of these assets with that of listed equity shares.
This adjustment, which has been a long-standing demand of the industry, reduces the holding period for determining LTCG for listed business trusts from 36 months to 12 months, putting REITs and InvITs on par with listed equities.
A REIT comprises a portfolio of commercial real estate assets that are mostly leased out, while InvITs focus on infrastructure assets such as highways and power plants.Come from Read more
The rupee plunged to an all-time closing low of 83.54 against the dollar on Tuesday, weighed down by the simmering geopolitical tensions in West Asia and hardening of US Treasury yieldsCome from Sports betting site VPbet. The local currency hit a lifetime low of 83.56 during intraday trade, but likely intervention from the Reserve Bank of India (RBI) prevented any further fall. It ended the day with a decline of 9 paise or 0.10%, surpassing its previous closing low of 83.45 recorded on Monday.
“RBI’s presence was felt in the market. Reduced volatility in the market suggested that RBI might have intervened in the market,” Kunal Sodhani, vice-president – treasury, Shinhan Bank,…
Read moreRocksteady has pulled Suicide Squad: Kill the Justice league offline after players have reported that their story campaigns “auto-completed,” and the studio is looking into the issue. Come from Sports betting site VPbet
“We’re aware that a number of players are currently experiencing an issue whereby upon logging into the game for the first time, they have full story completion. To resolve this issue, we will be performing maintenance on the game servers,” Rocksteady said in a statement on Twitter.
The studio continued, “During this time the game will be unavailable. We expect this to take several hours and will update once we have more information.”
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Read moreNothing beats a good graphic novel as winter draws closer, and if you’re looking to update your library with some Dark Knight material, these Black Friday deals on Batman’s greatest adventures are not to be missed. Amazon is offering several of the Caped Crusader’s greatest hits for Black Friday, giving you the chance to pick up classic tales and modern-day masterpieces at a greatly reduced price.
Starting with a few must-have titles, The slipcase edition of The Dark Knight Returns is a luxurious version of one of the greatest Batman stories of all time. This dark story is set in Batman’s future long after he has retired from fighting crime, but after one fateful night that reignites the beast inside of him, Bruce Wayne suits up once again to bring justice to Gotham City. The Dark…
Read moreMaltese iGaming solutions pioneer Aspire Global Limited has announced the successful launch of the new sportsbetting domain at BetTarget.com using the proprietary platform from its recently-acquired BtoBet enterprise.
Headquartered in the Valletta suburb of Sliema, the online casino platform developer used an official Monday press release to detail that it agreed a deal last October to purchase BtoBet for a total consideration worth approximately $23 million. The firm described the move involving BetTarget.com as the first step in a subsequent plan that is to see sportsbetting brands already utilizing its innovations migrated onto the solution from its newest business-to-business venture before the end of the year.
Inaugural introduction:
Aspire Global Limited describe…
Read moreOnline live casino, ComeOn.nl, has launched the Player Account Management (PAM) iGaming platform and content supplied by Bragg Gaming Group, the gaming technology platform provider. ComeOn.nl customers in the Netherlands will now be able to enjoy Bragg’s extensive line-up of online slots and live casino games.
October 2022 launch:
ComeOn.nl launched Bragg’s platform at the end of October. The comprehensive PAM iGaming platform includes Bragg’s state-of-the-art technological solutions such as the Bragg Hub distribution platform and FUZE™ rendering an optimized platform operation.
Focus on customer and compliance:
Well-defined dedicated tools, including player and payment management, facilitate quick and safe withdrawals. The entire platfor…
Read moreOne of the most popular developers of gambling entertainment solutions in the world, Aruze Gaming, is experiencing some financial difficulties these days. The company handed over the voluntary petition for bankruptcy in Nevada.
Benefits of Chapter 11:
Chapter 11 of the Bankruptcy Code allows this in the United States. The company filed it in the United States Bankruptcy Court, referring to its casinos in Nevada.
The Rank Group Plc, the largest casino and bingo operator by venue in Great Britain, has provided a trading performance overview from July through November 2022. Rank has also updated its profit expectations for the first half of the year 2023.
Modest NGR increase:
The overview shows that the Group‘s net generated revenue (NGR) has increased by 1% over the subject period compared to the same period in 2021. The major contributors to the increase were the Group’s Mecca and Enracha venues but the decline in revenues of Grosvenor venues offset their performance. Grosvenor’s trading performance has been weaker than expected in Q2 as its weekly average NGR of £5.8 million ($7.1 million), though slightly above the Q1 level, still has no…
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