Market Updates - Angel One

On June 27, 2024, Hitachi Payment Services received the Reserve Bank of India’s final authorization to operate as an Online Payment Aggregator under the Payments and Settlements Act, 2007. This end-to-end payments and commerce solutions provider will now be able to expand its digital solutions and services stack to encompass a comprehensive suite of innovative …

The Securities and Exchange Board of India (SEBI) has introduced a new listing timeline for debt securities, including non-convertible debentures and non-convertible redeemable preference shares, to enhance market efficiency and expedite the listing process. SEBI Shortens Listing Timeline SEBI announced that the listing of these debt securities must now occur within T+3 working days, a …

The Securities and Exchange Board of India (SEBI) has proposed new measures to restrict the association of regulated entities with unregistered financial influencers, commonly known as “finfluencers.” This initiative aims to protect investors and ensure that credible and regulated sources provide financial advice and promotions The Rising Influence of Finfluncers In recent years, financial influencers …

The Securities and Exchange Board of India (SEBI) has recently made significant revisions to its ‘Trading Plans’ framework, mainly focused at facilitating compliant trading practices among insiders who regularly handle unpublished price-sensitive information (UPSI). Reduction in Cool-Off Period SEBI’s latest circular reduces the minimum cool-off period required between the disclosure and implementation of a trading …

On June 26, Radisson Group issued a press release of its latest announcement of the signing of 10 new hotels in just 4 days. These signings took place across 4 brands of the group including Radisson Blu, Radisson, Radisson Individuals, and its brand extension Radisson Individuals Retreats. The group had also entered 5 new markets …

On the first day of India’s 2024 spectrum auction, telecom companies placed bids worth a substantial amount of Rs.11,000 crore. The bidding took place over five rounds, showcasing the high demand for spectrum resources among major telecom players. Strong Industry Participation The auction, conducted by the Department of Telecommunications, witnessed participation from key industry players. …

Shree Cement Limited is India’s third-largest cement manufacturer by capacity. Since its foundation in 1979, the company has been committed to the cause of sustainable, inclusive growth through the pursuit of innovation and operational excellence. The company is currently a member of the RE100 initiative, committing to transition 100% of its electricity consumption to renewable …

Introduction NSE Indices Limited, a subsidiary of the National Stock Exchange (NSE) of India, announced the launch of a new benchmark index, the Nifty Top 10 Equal Weight Index. This new index is designed to track the performance of the top 10 companies in the Nifty 50, based on free-float market capitalization. Key Features of …

The Indian stock market staged a smart recovery from lower levels and ended the first trading session of the week on a positive note. The NSE Nifty50 index advanced 0.16%, while the Sensex gained 0.17%. Nifty Auto Index: A Strong Comeback Among the top-performing sectors on Monday was the Nifty Auto index. On Monday, the …

Nifty’s Surprising Start to the Trading Week The trading week began with an unexpected twist as the market opened below last week’s low of 23,398. Initially, it appeared that the market might decline further. However, the bulls, mindful of the primary uptrend, took control and pushed prices higher, effectively erasing the morning’s losses. Although there …