Market Updates - Angel One

As the Monsoon season starts in India, NCDEX on June 10th announced two indices which will measure the rainfall in the country.  These non-tradable indices will be a ready reckoner for any party wants to hedge against unpredictable Monsoon rainfall. These indices named, Indian Monsoon Index (Cumulative Monsoon Index) and Indian Rain Index (Monthly Cumulative …

The Government of India announced that it is ready to throw open the gates for commercial sellers to enter the coal mining sector. It is a historic decision since  coal has been one of the heavily regulated industries in India, dominated by PSU giant, Coal India Ltd. Even during the era of privatisation, the government …

Market analysts have revised their outlook on SBI after Q4 performance, lowering its target price but retaining ‘buy’ rating for its better asset profile. The revised score came on Monday after the fourth-quarter performance report was published. Brokerages cut SBI share price targets post Q4 due to subdued performance in loan disbursement segment; although deposit during …

RBI, on Thursday, announced that it had imposed 6.5 crore penalty on 3 banks. The central bank commented that the three banks have failed to comply with its regulatory compliance norms on various accounts. The three banks, Bank of India (BOI), Karnataka Bank, and Saraswat Co-operative Bank were fined for failing to comply with NPA …

Let us consider an example, when you open a DEMAT account with Angel One, it authorises you to place buy and sell orders with BSE and NSE. And your account gets registered with CDSL. Both are independent authorities. When you place an order to ‘buy’, Angel One on your behalf virtually receives the shares and then …

It seems like companies are leaving no stones unturned that might help them avoid the rising financial crisis from COVID-19 pandemic. On Tuesday, Bharti Telecom, the promoter company of Bharti Airtel, announced a block deal of share worth Rs 7,600 crore to improve its balance sheet.  Although the deal happened on Tuesday, Airtel is yet …

Agri Futures Index, launched by NCDEX, generated a volume of Rs 21 crore on the first day of its launch. With a base value fixed at Rs 1000, NCDEX released AGRIDEX contracts with expiration date in June, July, September and December. A brief history of NCDEX The National Commodity & Derivatives Exchange (NCDEX), established in 2003, …

Kotak Mahindra Bank Ltd. On Tuesday launched QIP (Qualified Institutional Placement) shares in a bid to raise Rs 7,000 crore from the market. It will help the bank to meet regulatory compliance and improve its balance sheet.  Kotak Bank is one of the top-performing shares in the stock exchange, and after the announcement, its value jumped by …

The Indian telecom players urged TRAI for an early decision on tariff flooring price, citing it is critical for reviving the telecom industry which is struggling with rising liability and shrinking profit. Now, there is no such ceiling placed, and service providers are free to decide prices for their services, prompts price war. Members of …

Experts believe that COVID-19 is going to bring some permanent changes in economics that will impact several sectors, including automobile. The Indian automobile sector, already struggling under suspension of work and weak demand, needs to adjust in more than one frontier to cope with the changes. Indian automobile sector was struggling with increasing overhead, economic …