The backwards Indian Commerce Ministry doesn’t understand the futures market: “There is a clear case for reviewing guar futures as it is largely controlled by handful of players. This is evident in the fact that there is very little delivery in guar futures,” said Jairam Ramesh, Minister of State for Commerce. … In the last [...]
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Bombay Ruby – India’s BSE gets Hammered Again
Red ink by the barrel is a good bet at the BSE for the past week. India got hammered again. Could this portend a fall for China? Here is a longer term chart of the same index, notice the uptrend clearly broken.
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