Sebi allows cross margins on commodity futures trades
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The move is part of Sebi s effort to improve the efficiency of the use of the margin capital by market participants, the regulator said.
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The clearing corporation will have the option to liquidate the positions or collateral and use the proceeds to meet the default obligation, Sebi said.
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Mumbai: In a move to deepen the commodity derivatives segment (CDS), market regulator the Securities and Exchange Board of India (Sebi) has permitted exchanges to offer cross-margining benefits to clients arbitraging between commodity index futures and their underliers, which could slash margins to trade to just a fourth of that presently chargeable.
The government has garnered Rs 2,540.87 crore through the Series 1 of FY22 offering, the second-highest by quantity only to August 2020 s record 6.35 tonnes.
Read more about Lux Industries extends rally post March quarter result; gains 63% in 5 days on Business Standard. Analysts at Anand Rathi Share and Stock Brokers retain their Buy rating on Lux Industries with a revised target price of Rs 3,344
Gold is still in a bull rally and the dip noticed is mere a correction for the time being, Anand Rathi Share and Stock Brokers said in its quarterly bullion report, likening the yellow metal to.
The report says, “Gold never entered bear market territory over the last month, as losses were contained at just below 20 per cent. This is a normal market correction but has been exacerbated by fears of positive real interest rates and a technical breakdown.”
It further adds that the bull market of Gold began in late 2016, and it’s still alive and well and likely entering its next upswing. Comex gold is at 16 per cent off its all-time highs (i.e. down seven per cent Year-to-date) hit last summer, giving investors a prime entry point.
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