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Market Movers: China rains on steel stocks' parade as fertilizer stocks jump in glee


Market Movers: China rains on steel stocks’ parade as fertilizer stocks jump in glee
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The Chinese rained on the parade of steel stocks today as their move to curb the exuberance in domestic commodity prices cut deep gash into the fortune of metal stocks owners.
The Nifty Metal index slid over 3 per cent, the biggest sectoral loser in town
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MUMBAI: Can you smell the odor of palpitation? No, it’s not coming from the cryptocurrency traders; they are probably in mourning. It is coming from investors who have a large exposure to commodity stocks and it is pretty strong, one could say. ....

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Law on cryptocurrency ban, penalty on miners, traders in pipeline


Law on cryptocurrency ban, penalty on miners, traders in pipeline
The bill, one of the world s strictest policies against cryptocurrencies, would criminalise possession, issuance, mining, trading and transferring crypto-assets
Reuters | March 15, 2021 | Updated 09:07 IST
India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a senior government official told Reuters in a potential blow to millions of investors piling into the red-hot asset class. The bill, one of the world s strictest policies against cryptocurrencies, would criminalise possession, issuance, mining, trading and transferring crypto-assets, said the official, who has direct knowledge of the plan. ....

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