Indian domestic equity benchmarks Nifty 50 and Sensex are expected to open at new record highs following the announcement of exit polls and ahead of the general assembly election results. The GIFT Nifty futures are also showing a strong upward trend, currently up 3.52%. Stay tuned for minute-by-minute market updates, expert views, investment ideas, and more throughout the day. Don't miss out on the latest in the business world - keep an eye on this space!
GIFT Nifty: Soaring to New Heights
The Global Indian Financial Technology (GIFT) City is an international financial hub located in Gandhinagar, Gujarat, India. The GIFT Nifty is a futures contract based on the Nifty 50 index of the National Stock Exchange of India (NSE). It is traded on the India International Exchange (IFSC) Ltd., a subsidiary of NSE.
Recently, the GIFT Nifty has witnessed a surge in its value, reaching new record highs. This upward trend is attributed to various factors, including:
Top 5 FAQs on GIFT Nifty
1. What is the difference between GIFT Nifty and Nifty 50?
The GIFT Nifty is a futures contract based on the Nifty 50 index. It differs from the Nifty 50 in the following ways:
2. What are the trading hours of GIFT Nifty?
The GIFT Nifty is traded from 9:00 AM to 11:30 PM (IST).
3. What is the contract size of GIFT Nifty?
The contract size of GIFT Nifty is 50 times the Nifty 50 index.
4. What is the minimum margin required to trade GIFT Nifty?
The minimum margin required to trade GIFT Nifty is 10%.
5. What are the risks associated with trading GIFT Nifty?
The risks associated with trading GIFT Nifty include:
The Indian Ministry of New and Renewable Energy (MNRE) has granted an exemption to export-oriented green hydrogen projects from its Approved List of Models and Manufacturers (ALMM) of domestic solar module manufacturers. This move will allow developers to use cheaper imported solar modules, significantly lowering production costs and promoting the expansion of demand for green hydrogen and its derivatives. India plans to produce 5 million metric tons of green hydrogen per annum by 2030, with a focus on exports, as it aims to replace grey hydrogen in the domestic market.
Investing may seem like a serious, high-stakes endeavor, but it doesn't have to be all work and no play. According to experts, there are several ways to make investing fun and enjoyable while still building wealth. This includes learning about companies you already know and like, starting small, and framing investing as a learning adventure. By approaching investing with a sense of curiosity and enthusiasm, it can be a more engaging and rewarding experience.
This year's International Literacy Day, celebrated on September 8, is a reminder that literacy is not just about being able to read and write, but about providing individuals with the tools they need to participate fully in society and shape their own futures. Despite progress made, over 770 million people worldwide still lack basic literacy skills, with women disproportionately affected. The day calls for continued efforts to bridge this gap and create a more equitable and prosperous world for all.
News Track, a leading provider of news, information, and entertainment, has launched India's first mobile app for its newspaper called M_PAPER. The app is currently available for Android devices and smartphones, with plans to expand to other platforms in the near future. This move reflects News Track's commitment to innovation and adapting to the changing media landscape, where smartphones have become the primary source of news for many people.
Publishers of two weekly community newspapers, The Press and Crow River News, are expanding their reach to the northwestern and western areas of the Twin Cities metropolitan area. The Press will now serve the cities of Maple Grove, Osseo, Champlin, and Dayton, including Osseo Area School District 279 and Anoka-Hennepin School District 11. Meanwhile, Crow River News will cover St. Michael, Albertville, Rogers, Hanover, Corcoran, Medina, Rockford, and Greenfield, along with STMA District 885, Elk River 728, and Rockford Area School District 883. This move is expected to increase local coverage and provide more opportunities for businesses to connect with the community.
The competition between popular SUVs, Mahindra Scorpio N and Thar ROXX, is heating up as the latter is about to launch with even more advanced features than its rival, including a new Midnight Black exterior color option. While both vehicles offer different driving experiences, their price overlap has made it challenging for buyers to choose between the two. Additionally, Scorpio's overall sales saw a marginal decline in May amidst increasing demand for SUVs in the market.
Pakistan's leading E&P company, OGDCL, has achieved commercial production of tight gas from the Nur West Well-1 in Sindh. With a production capacity of 1.5 MMSCFD, the gas has been successfully integrated into the national supply network, signaling a major step towards meeting the country's growing energy demands. OGDCL's tight gas exploration and development roadmap is a testament to its commitment towards energy security and sustainable development in Pakistan.
Ben Affleck's idea, the "Argo" actor purchased a $68 million luxurious mansion with amenities to accommodate both families from his marriage with Jennifer Lopez. Despite it being on the market for weeks, the duo's property has failed to sell. Neither seeking spousal support during their talks to finalize their divorce, Affleck and Lopez are decided to divide their joint earnings. Amid troubles in paradise, Affleck quickly moved out of the Beverly Hills mansion.
After a clean sweep against Pakistan on their home turf, the Bangladesh cricket team is feeling confident and optimistic as they prepare for their upcoming challenges in the ICC World Test Championship. The 2-0 series win has propelled Bangladesh to fourth place in the WTC standings, just behind India, Australia, and New Zealand. Captain Najmul has spoken about the team's boosted morale and how they plan to approach their upcoming matches against India and South Africa. This series win against Pakistan is a significant achievement for Bangladesh, who had previously been winless in 13 attempts against the team.
Pakistan's territorial waters have yielded a huge deposit of petroleum and natural gas, a discovery so significant it could shape the country's destiny. The three-year survey, conducted in collaboration with a friendly nation, has allowed the government to identify the location of the resources and take necessary steps towards exploration and production. While the endeavor is a positive step towards boosting Pakistan's economy, it is also important to consider other valuable minerals that can be mined from the ocean.