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Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content

gold in the last one week has been -1.36% .whereas in the last month it has been 0.44%. The cost of silver is Rs.86630.0 per kg up by Rs.170.0 per kg. Gold Price Today in Delhi is ₹75364.0/10 grams.

ports in the United Arab Emirates this week, including the Port of Fujairah in the Indian Ocean Region, and held discussions with the customs authorities on kickstarting the India-UAE leg of the proposed India-Middle East-Europe Economic Corridor (IMEC), said people with knowledge of the matter. The visit aimed at preparing the India-UAE leg of the IMEC while awaiting peace in the region for the Israel part, they said. The development comes close on the heels of India signing a 10-year-pact to manage Iran's Chabahar Port, which is expected to bolster India's trade ties with Central Asia and Eurasia, signalling ongoing efforts to secure India's strategic interests amid general election, said experts.

Also Read: India to contribute 30% of global GDP by 2040; focus on ‘champion states’ growing at 11% per annum: Amitabh Kant The Nifty index closed the week at 22,506, while the Bank Nifty climbed by 1.68 per cent to end at 48,199. Nifty Midcap hit an all-time high at 11,347 and posted the biggest weekly gain in eight months and Nifty's small-cap closed the week at 17,009 level.

Dividend Stocks: Shares of several companies including State Bank of India (SBI), Vedanta Ltd, Trent, among several others will trade ex-dividend in the coming week starting from Monday, May 20. Along with these, some other stocks will also trade ex-split, ex-rights, and ex-bonus.

household savings getting invested in futures and options trade, Chief Economic Advisor V Anantha Nageswaran on Saturday said there is a need to reconsider sachetisation of F&O trade because it requires different financial literacy. Speaking at the CII's Annual Business Summit, 2024, Nageswaran said whenever financial sector development precedes national development the story hasn't ended well for other countries as well. «Asian crisis 1997-98 is a very important example,» he said.

Nifty ended Saturday’s small and special trading session 36 points higher to close above 22,500 for the first time in several days. However, a small bodied candle on the daily chart suggests very little about the future direction of the price, analysts say. On the weekly chart, a Piercing Line-type pattern was seen, which hinted at more upside for the market ahead.

Vaghul, the banker who sowed the seeds of financial conglomerate ICICI, passed away today. He was 88. He was on the ventilator for the last two days at Apollo Hospital in Chennai, in critical condition. He was admitted to hospital after he fell and was unconscious, his family member told ET.

Sebi has noted that, in view of the strong economic growth prospects of India, Indian securities offer an attractive investment opportunity for foreign funds, as a result of which, international indices, ETFs and mutual funds allocate a portion of their assets to Indian securities. ALSO READ | Investing in debt instruments? Learn how agencies give them credit ratings as Sebi releases master circular For example, MSCI Emerging Markets Index has 18.08 percent weightage to Indian securities, as on April 30, 2024 and JP Morgan's 'Emerging Markets Opportunities Fund' holds approximately 15 percent in Indian investments, as on March 31, 2024.

Also Read: Market Special Session Close Highlights: Sensex, Nifty end higher; all sectoral indices gain In the first half of a special trading session on Saturday, the domestic benchmark indices finished on a flat note. The 30-share BSE Sensex closed at 73,959.63, up 42.60 points, or 0.06%. The NSE Nifty 50 increased to 22,481.90, a gain of 15.80 points, or 0.07%.

IDFC First Bank. The resolution approving the Scheme was passed by the requisite majority of the equity shareholders representing more than three‐fourth in value of the equity shareholders of the company, IDFC First said in a regulatory filing.

inter-ministerial Indian delegation on the framework agreement on the India-Middle East-Europe Economic Corridor (IMEEC) has visited the UAE for the first time to hold discussions with the key entities there on cooperation for the empowerment and operation of the strategically vital project. The visit, which took place within three months of signing the Agreement, reflects the importance both governments attach to the IMEEC project, a press statement by the Embassy of India, Abu Dhabi said. The Corridor will provide effective alternate supply routes generating efficiencies and reducing costs. Both sides agreed to continue discussions for early implementation of the Agreement, it said. «India Middle East Europe Corridor (IMEEC) takes shape with the 1st visit of an Indian Inter-Ministerial Delegation to the UAE for the India-UAE Intergovernmental Framework Agreement on IMEEC. Amb @sunjaysudhir led the discussions with key UAE entities like @DPWorldUAE, @ADPortsGroup @CUSTOMSUAE,» the Indian mission posted on X.

Shares of IEX surged 9% in the last 3 trading sessions on reporting Q4 profit after tax (PAT) at Rs 95.1 crore. IEX reported a 14.7% YoY increase in its PAT on May 15 along with a revenue at Rs 149.5 crore for the fourth quarter of the financial year 2024.

YES Bank has launched YES Grandeur, a banking program targeted at the emerging affluent section of the society. So, only banking customers with an average monthly balance (AMB) of Rs 5 lakh or a net relationship value (NRV) of Rs 20 lakh will be eligible for the program, with additional consideration to loan relationships. “With a relentless focus on industry-first features and a profound understanding of the evolving needs of elite and emerging affluent households, YES Grandeur sets a new benchmark in personalised banking,” said Rajan Pental, Executive Director, YES Bank. YES Grandeur is aimed at enhancing and personalising the customer experience by offering unique banking, travel and lifestyle privileges. The banking benefits will include premium service, such as dedicated relationship managers, preferential rates on banking services, exemption across a host of charges, discounts on locker facilities, and a special 3-in-1 account with demat, trading and savings accounts.

Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today - May 18 Bank Nifty is likely to get support at 48,000, followed by 47,800. If the index advances, 48,300 would be the initial key resistance, followed by 48,500, analysts at Choice Broking said.

The price change in 24 carat gold in the last one week has been -0.19% .whereas in the last month it has been 0.65%. The cost of silver is Rs.86460.0 per kg up by Rs.60.0 per kg. Gold Price Today in Delhi is ₹75731.0/10 grams.

Balkrishna Industries share price were locked in 5% upper circuit and touched 52-week high following strong Q4 results. The company's profit after tax (PAT) for the quarter ended March (Q4FY24), jumped 88% year-on-year to ₹481 crore from ₹256 crore. Sequentially, the PAT grew 56%, as per the exchange filing.

global markets, the Indian stock market on Saturday opened on a positive note with Sensex reclaiming the 74,000 level and Nifty crossing the 22,500 mark. Volumes are expected to be low in the market on Saturday as it is a special trading day as part of a disaster recovery exercise. The session is divided into two parts — from 09:15 am to 10 am and 11:45 am-12:40 pm.

While thefocus for the moment is — rightly, on the long working hours of juniors investment banking divisions after the death of Leo Lukenas (whom Bank of America says didn't work long hours, but whom a headhunter now says was seeking to find a new job for that very reason), there were reminders yesterday that young bankers aren't alone in being expected to grind. 

If you want to work for afamily office that was previously a hedge fund and that’s run by a mysterious figure from Preston in Lancashire who’s kind to his mother, then good news: Mike Platt is hiring at BlueCrest. The Financial Times reported earlier this month that Platt intends to hire 30 portfolio managers, to add to the 170 “pods” it has already. The new hires, some of whom are already in process, will reportedly focus on areas like macro, commodities and systematic strategies.