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- GoI raises customs duty on gold and silver. What does it mean for MCX gold, silver rates
The Indian government has increased import duties on gold and silver to 15% to curb foreign purchases and protect foreign exchange reserves. This may dampen demand and support the rupee, but experts warn it could also lead to increased smuggling.
- Nifty 50, Sensex prediction today: Check how Indian stock market is expected to trade on 13 May
Nifty 50, Sensex prediction today: The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,454 level, a premium of nearly 30 points from the Nifty futures’ previous close.
- Stocks to watch: Bharti Airtel, Tata Motors, Vodafone Idea among 10 shares in focus today
Stock market today: The Indian stock market is likely to snap its losing streak as trends in the Gift Nifty index signalled a flat opening on Wednesday. Amid this backdrop, these stocks will remain in focus on 13 May.
- From Gift Nifty, US inflation, MSCI rejig to oil prices: 10 key things that changed for Indian stock market overnight
Gift Nifty was trading around 23,491 level, a premium of nearly 66 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.
- MSCI Rejig: Adani Energy, MCX, Federal Bank enter Global Standard Index; RVNL, Hyundai Motor, Kalyan Jewellers removed
MSCI has excluded Hyundai Motor India, Jubilant FoodWorks, Kalyan Jewellers and Rail Vikas Nigam Ltd (RVNL) from the index.