Global Exchanges Recover From March Losses, FTSE Mondo Visione Index Up 3.3.% In April - Up 29.4% Over 12 Months Date
11/05/2021
Global exchanges rebounded from the losses suffered in February and March with the FTSE Mondo Visione Index gaining 3.3% in April. The index closed at 74,469.49 points, up from the March close of 72,106.76, but below a new closing all-time high of 78,106.07 set on 19 February 2021.
The top 5 exchanges by market capitalisation at the end of April were: Exchange 31.64
The best performer by capital returns in US dollars was the Bulgarian Stock Exchange with a 16.4 per cent increase in share price from 30 March 2021 to 30 April 2021. The next best performer was the Philippine Stock Exchange with a 13.2 per cent increase, followed by Aquis Exchange with an 12.7 per cent increase over the same period.
Buy nickel on declines; stop loss at ₹1,295
Yoganand D
BL Research Bureau |
Updated on
May 10, 2021
× Following a sharp fall in late February and early March this year, the continuous contract of nickel on the Multi Commodity Exchange of India (MCX) has found support at ₹1,150 levels. The contract took support at this base level and reversed direction in late March. It triggered positive divergence in the daily relative strength index.
Since then, the commodity has been going through a short-term uptrend. While trending up, the contract had breached a key resistance at ₹1,275 in late April and extended the uptrend. The contract trades well above the 21- and 50-day moving averages. The contract currently testing resistance at ₹1,340 level and the uptrend is losing momentum. The contract now trades at ₹1,320 levels. A minor corrective decline to the immediate support level of ₹1,310 can’t be ruled out now.
Key resistance caps rally in MCX natural gas
Yoganand D
BL Research Bureau |
Updated on
May 11, 2021
×
The continuous futures contract of natural gas on the Multi Commodity Exchange of India (MCX) met with a resistance at ₹220 in late April this year and has seen a near-term corrective decline.
In early November 2020, the contract recorded a 52-week high at ₹251 and began to decline. Since then, it has been in a sideways consolidation phase in the broad range between ₹180 and ₹240.
In mid-March and early April this year, the contract found support at ₹180 and was on a short-term rally until it encountered a key hurdle at ₹220 in late April.
On 04 May 2021Multi Commodity Exchange of India announced the appointment of Chandra Shekhar Verma as a Public Interest Director on the Board of MCX for a period of three years from the date of his joining in terms of Regulation 24(2) of SECC Regulations. The Board at its meeting held today i.e. May 4, 2021 took note of the SEBI approval. He will fill in the vacancy caused by completion of tenure of Basant Seth on 18 May 2021.
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One of the core reasons why it is so difficult to manage demand and supply balance is that the agriculture value chain is mostly undocumented and fragmented. – AFP/File Photo
The challenges in managing sugar supply chain and controlling prices are not unique to Imran Khan.
Such supply shocks have been recurring and are not just limited to sugar but have also hit other essential food and agri produce.
One of the core reasons why it is so difficult to manage demand and supply balance is that the agriculture value chain is mostly undocumented and fragmented.
Over the years, numerous task forces and donor-funded agencies have published studies identifying the issues – in particular the inefficiencies due to middlemen or as they are known locally, “aarthis”.