Bernstein has favoured MCX over BSE as commodity derivatives volumes maintain strong momentum while equity derivatives activity weakens amid the Closing Auction Session. The brokerage expects MCX’s growth to support earnings upgrades, while BSE faces moderating volumes, slowing market share gains and a sharp deceleration in earnings growth over the coming years.
Indian government bonds weakened as Brent crude oil prices surged past one hundred dollars. This surge rekindled inflation concerns and darkened the interest rate outlook for the nation. Selling pressure on bonds was contained by significant banking system liquidity surpluses. The Reserve Bank of India conducted operations to absorb excess cash from the system. Investors now await upcoming inflation data and policy rate decisions from the US and India.
Civitech Group will invest Rs 500 crore in a new mixed-use project. This development will feature retail, hospitality, and studio apartments. The project is planned for Sector 10 in Greater Noida West. The company cited high demand from end-users and investors. Civitech Group has prior experience developing projects in the region.
Nexus Select Trust is set to enter the thriving consumption markets of northeast India with the acquisition of a shopping mall and a Hyatt Regency Hotel in Guwahati for Rs 1,600 crore. This notable transaction includes a 164-key hotel and a retail space, both currently under construction, with Nexus poised to manage operations following the completion and necessary approvals.
In a highly competitive bidding process, M3M has secured a 12.5-acre mixed-use land parcel in Sector 108 for approximately Rs 1,850 crore, significantly exceeding the reserve price of Rs 835 crore. The robust developer interest this land has generated illustrates the lucrative potential of mixed-use properties in Noida, with established players like DLF Ltd also vying for the prime location.
MCX and IAMAI have signed an MoU to set up a Commodity Markets Innovation Council aimed at driving fintech-led innovation in India’s commodity markets. The industry-led platform will bring together stakeholders, startups and technology players to identify challenges, develop digital solutions, improve market access and support wider participation and efficiency.
Sebi has proposed governance reforms for market infrastructure institutions, including relaxed director eligibility rules and standardised requirements for four key management roles. The proposals aim to widen access to expertise while strengthening technology, cybersecurity, compliance and risk management across MIIs.
Sebi has fined two designated persons of Jindal Steel & Power Rs 1 lakh each for trading in the company’s shares and stock options during the trading-window closure period. The regulator also found that they executed trades above the prescribed threshold without obtaining pre-clearance, in violation of the company’s insider trading code.
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