Market Updates - Angel One

The Securities and Exchange Board of India (SEBI) has responded to consumer feedback by easing the Know Your Customer (KYC) requirements for mutual fund (MF) investors, both residents and non-resident Indians (NRIs). This, revealed in a communication from SEBI to industry participants, aims to address various challenges faced by investors in complying with KYC norms. …

The Government has slashed the Windfall Tax on petroleum crude to Rs.5,700 per metric tonne from Rs.8,400 per metric tonne, Earlier on May 1 from Rs.9,600 per metric tonne to Rs.8,400 per metric tonne. What is Windfall Tax A windfall tax is a tax levied by governments against certain industries when economic conditions allow those …

From Black Monday to Silver Lining: Indian Market Resilience In what seemed like a harrowing start to the week for Indian markets, Monday loomed ominously with the specter of a “Black Monday” scenario. The NSE Nifty 50 index opened at a disconcerting 22,207.95, only to nosedive to a bleak low of 21,821.05 – a nadir …

Foreign Portfolio Investors (FPIs) have been actively selling Indian equities in May, with over Rs.17,000 crore worth of shares offloaded. Substantial selling by FPIs has also played a role in the decline of the benchmark stock market indices, Sensex and the Nifty 50, both of which dropped by 2.6% each this month. Election Uncertainty’s Influence …

In a significant step to enhance the ease of doing business, SEBI is planning to introduce measures to simplify disclosure requirements for Non-Convertible Securities(NCS) issuance. These measures, announced yesterday, will eliminate the need to disclose the PAN and personal addresses of issuers’ promoters in the offer document. This initiative is part of SEBI’s broader effort …

The Reserve Bank of India has mandated Non-Bank Finance Companies (NBFCs) to strictly adhere to a Rs. 20,000 limit in cash loans. This directive aims to deter cash transactions, supporting the rise of the digital economy and mitigating the spread of black money within the financial system. Regulatory Action Against IIFL Finance The instructions from …

Overview of the ISO Settlement Scheme 2024 In March, the financial regulator introduced the ISO Settlement Scheme 2024, designed for entities involved in trade reversals in the stock options segment on the Bombay Stock Exchange (BSE) between April 1, 2014, and September 30, 2015. This scheme provides these entities with an opportunity to settle ongoing …

Indian benchmark indices have staged a strong comeback from their intraday lows and were trading in positive territory during the afternoon session. A particularly noteworthy performer was the Nifty PSE Index, which was trading 2.8% higher and had reclaimed its significant psychological level of 10,000.  The index opened at 9,719.05 on Wednesday and reached an …

A recent quarterly report from NielsenIQ (NIQ) revealed that rural areas are now showing stronger demand for fast-moving consumer goods (FMCG) compared to urban markets, marking the first time in at least two years. The increased demand for products like shampoos, soaps, and detergent bars in rural India during the March quarter contributed to a …

In a significant development, the central government is examining RBI’s proposed regulations, aimed at strengthening financial reserves for infrastructure projects. The potential implementation of these rules could have far-reaching consequences across the financial landscape, prompting lenders to contest them on multiple fronts. Apprehensions and Market Impact According to reports, the draft regulations are currently under …