BSE's Managing Director and CEO Sundararaman Ramamurthy states the exchange prioritizes long-term market growth over derivatives market share. Recent tax changes may encourage longer-term equity investments. Ramamurthy believes the exchange is still in its early growth phase, with significant potential for foreign investor participation. He anticipates market microstructure adjustments due to these developments.
Renowned investor Peter Schiff predicts continued gains for gold and silver, driven by a weakening U.S. dollar and shifting global monetary trends. He cites a loss of confidence in U.S. fiscal policy and central bank independence as key factors, suggesting gold will replace the dollar as a reserve asset.
Upstox is prioritizing profitability and diversification over an immediate IPO, aiming for a 2.3x profit jump to 500 crore by FY26. The brokerage is expanding into commodities, MTF, and mutual funds to offset regulatory impacts and build resilience in a challenging market environment.
Following an exceptional December quarter, Navin Fluorine International witnessed a significant leap in its stock prices. The firm announced a noteworthy surge in both net profit and revenue, highlighting enhanced operational performance marked by elevated EBITDA and improved margins. Growth was particularly notable across High-Performance Products, Specialty Chemicals, and CDMO markets.
