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GIFT City started in 2007 as a completely greenfield experiment when PM Modi was the chief minister of the state of Gujarat. In 2020 the government created the IFSCA as a unified regulator. It has issued more than 30 regulations for industries including aircraft leasing, and ship leasing. In the financial domain, we have banks, funds, capital markets and insurance.

The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban.

Singapore-based BW LPG will invest $30 million in Confidence Petroleum India through preferential allotment of shares, and form a joint venture to develop LPG import infrastructure

“Real estate companies have registered the second best quarter ever despite Q2 being considered a weak quarter because of the monsoon season and we have seen a lot of the bookings happening in the festive season which was in Q3. We have seen back-to-back quarters of very strong pre-sales data from most of the real estate companies.”

From the Sensex pack, UltraTech Cement, Kotak Bank, Sun Pharma, M&M, and L&T opened with gains, while Asian Paints, NTPC, Tata Steel, Reliance Industries, and Infosys opened with cuts.

“The sector that IREDA is in, is clearly a monopoly or rather an oligopoly. It enjoys a durable competitive advantage. My sense is people who have got an allotment will hold on to it. Yes, there are a lot of listing gains; people would take on that but these are companies which over the longer term create good wealth.”

"RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock.

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

U.S. gold futures for December delivery fell 0.2% to $2,044.20 per ounce.

The MSCI Asia-ex-Japan stocks index is up 6.7% so far this month, setting it on course to mark the best month since January.