Brent crude futures rose 2.5% in London, following a broader market rally after AstraZeneca Plc became the latest company to report a vaccine that protects most people. Vaccinations will “hopefully” start by Dec. 12, Moncef Slaoui, head of the U.S. government’s Operation Warp Speed program, said on CNN. Strong manufacturing out of the U.S. and Germany also buoyed crudeThe prospect of a treatment is starting to reshape the oil futures curve.
Gold prices have posted two straight weekly declines and holdings in exchange-traded funds backed by the metal have slipped as hopes for a virus vaccine buoyed markets and curbed demand for haven assets. Improving U.S. economic growth could dim chances for economic stimulus, which had helped drive gold to a record in August, analysts said. U.S. stocks rose on Monday. Spot gold declined 1.8% to $1,837.60 an ounce.
The SEBI has enabled UPI payments for online purchase of debt securities issued to the public.“Introduction of Unified Payments Interface (UPI) mechanism and an additional mode for application through online (app / web) interface in public issues of securities,” was one of the points fleshed out in a note issued by Sebi on its website on November 23.This move by the regulator has the potential to increase participation of retail investors in debt securities.
As market participants remained on the sideline due to lack of fresh triggers,however RBI's special OMO on Thursday continued to support the market, dealers said.The RBI is schedule to conduct auction of 13 state government securities worth Rs 17,677.80 crores later today.The new 10-year benchmark 5.77%-2030 gilt traded at Rs 99.02 or 5.9026% yield compared with Rs 99.23 or 5.8729% at open Tuesday and previous close of Rs 99.03 or 5.9022% on Monday.