India and the US have been trying to iron out trade issues that erupted after the US removed India from its GSP programme. The Generalised System of Preferences (GSP) designated India as a beneficiary developing nation for trade concessions.India has also been trying to safeguard domestic trade interests and has withdrawn from the RCEP agreement.In this episode of Editor's Take, Moneycontrol's Sakshi Batra talks to Gaurav Choudhury to understand if there is a possibility of a limited India-US trade deal.Watch the video for more.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about Editor’s Take | Indo-US trade deal soon?
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The Securities and Exchange Board of India and the Reserve Bank of India are considering extending the closing time for currency derivatives trading to 8:00 pm from 5:00 pm at present, sources told Moneycontrol.The exchanges have been seeking longer trading hours for almost a decade, and sources said the RBI now appears to be convinced of the demand. SEBI regulates the exchanges that offer currency trading, but the final call will have to be the RBI’s as banks will have to be open for longer.Last week, SEBI allowed exchanges to offer trading in equity futures and options (F&O) till 11:55 pm. The main reason for the move was to prevent migration of derivatives volumes to other international exchanges. Any overseas investor wanting to trade in Indian equity derivatives at any time should be able to do it on the Indian bourses instead of having to go to an international exchange.Close A similar logic is guiding the RBI. “RBI is now convinced about increasing … [Read more...] about EXCLUSIVE: SEBI, RBI may extend forex trading time to 8 pm from 5 pm now
Volatile markets have made investors see their portfolio in red. Many first time investors, who have only seen 20-30 percent returns in CY2017, are baffled and are finding it difficult to tread the market. Anxiety and lack of confidence has made many see their losses on trading positions amplify. In such a situation here are a few mistakes one must avoid.Anchoring biasThis is a behavioural issue with most naive investors. “Many traders believe that market won’t go below a particular level or the benchmark index will respect 200 day moving average without understanding the reason behind the fall,” points out Dinesh Rohira, founder and CEO of 5nance.com. The market has its own reasons to go down and unless you understand them there is no point believing such market talk, he adds.Close Many investors look at a stock hitting 52 week low and believe that the stock is cheap. However do not get anchored to such levels. When you buy a stock at 52 week low, then … [Read more...] about Five mistakes you must avoid while trading in downward trending markets
Since the financial crisis, the credibility of Wall Street has taken a beating. These days MBA graduates are as likely to work at socially minded start-ups as mega-banks. And day trading isn’t quite the popular sport it was in the helter-skelter days of the 1990s. Helping the planet is cool. Making unthinkingly large amounts of money is not. advertisement advertisement In this context, you can see why Vladimir Tenev and Baiju Bhatt named their new stock-trading business Robinhood, after the English folk hero who stole from the rich and gave to the poor. It strikes the right anti-establishment, post-crisis vibe, even if Tenev and Bhatt aren’t exactly manning the barricades. Their business, after all, still involves trading in public companies and all the moral messiness that implies. Still, several things differentiate Robinhood from E-Trade, Charles Schwab, and other incumbents. For one, it costs nothing to make a trade on their platform, while those other … [Read more...] about This App Wants To Take Stock Trading Away From Fat Cats And Put It In Your Hands
Medical Technology Association of India (MTaI) — the multinational medical devices lobby group — on Friday said it supports any government move to regulate trade margins but is against capping of maximum retail prices based on cost-based pricing.MTaI called for a more “nuanced approach” to regulation of medical devices taking into account the costs incurred on “services and support required for the devices”.The MNC trade body said it’s not joining the lobby group of domestic syringes and needle manufacturers that have decided to voluntarily reduce the maximum retail prices of these productsClose “Self-regulation based on decision of a small group is not sustainable,” said MTaI in its statement. related news Standard Chartered Private Equity exits Prime Focus by selling 10% stake FIR against Yash Raj Films for 'pocketing' Rs 100 cr royalties Cadila Healthcare heading for tough waters due to lack of big approvals in … [Read more...] about We support govt’s move to regulate trade margins: MNC devices lobby