Thu, Feb 8, 2024 2:25 PM
RBI MPC: Gold price hedging on IFSC to augur well for industry, traders
A Flip by Shubhangi Gupta
The Nifty index consolidated with a bearish undertone, closing the week with a modest gain, but staying below crucial resistance points, with volatility expanding and the India VIX surging 8.68%. The Nifty oscillated in a 363-point range, with immediate support at 23900 and resistance at 24450 and 24580.
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Sebi releases a consultation paper on the review of issue and listing of debt instruments and security receipts, proposing changes such as a minimum ticket size of ₹ crore for regulated entities, a revised limit of 200 investors for private placement, and specific guidelines for debt/receivables and investor rights.
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Wall Street traders hoping for a clear direction on stocks after Thursday’s selloff didn’t get that in late hours amid a mixed bag of earnings from a pair of tech heavyweights. A roughly $300 billion exchange-traded fund tracking the Nasdaq 100 (QQQ) struggled for direction after the close of regular trading. Apple Inc., the world’s most valuable company, fell 2%.
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