Market Updates - Angel One

Headwinds from the outside continue to pose a threat. Global commodity prices are still high (although oil prices have dropped slightly), and the US Federal Reserve has begun to reduce its asset purchases. Despite a favourable base and petroleum tax decrease, retail inflation surged to a three-month high of 4.91 percent in November, as core …

Today, on the 14th of December 2021, the shares of the private wealth management company, Anand Rathi Wealth, are listed on the stock exchanges at Rs. 602, giving profits of more than 9% on the issue price of Rs. 550. Private wealth is a type of investment management service that offers clients a suite of …

Telecom company Bharti Airtel brought the curtains down on a low-tariff era when it hiked tariffs on its prepaid services by nearly 20 to 25 per cent as it reportedly aims to increase its average revenue per user (ARPU). The tariff hike came into effect from November 26 but immediately after the announcement, on November 21, …

The Reserve Bank of India (RBI)  has reportedly given the go-ahead to state-owned insurer LIC  to double its holding in IndusInd Bank to nearly 10 per cent (9.99 pc). The LIC stake in the private bank was 4.95 per cent thus far, as per reports. According to a regulatory filing by the bank, this approval has …

An Overview DSP Nifty Midcap 150 Quality 50 ETF is a low-cost passive product for midcap investors looking for a low-cost passive product. Investing in midcaps now is more expensive than it has ever been, thus wealth managers suggest staggered timing for purchases. The closing date for the new fund offer is December 17. The …

Seven of the top-10 companies in the Indian markets gained in market valuation last week. Reliance Industries led the group of top valued blue-chip companies. Among the gainers were the State Bank of India, HDFC Bank, HDFC, ICICI Bank, Bajaj Finance, and Infosys. With over Rs. 1.35 lakh crore addition in the market capitalization of …

Star Health and Allied Insurance’s stock price did not meet expectations on its debut. The price reacted sluggishly due to valuation concerns. The initial public offering of Star Health, which was launched on November 30, was subscribed to 79 percent. Most analysts had given a favourable rating to the issue, though they were worried about its …

The Reserve Bank of India’s decision to hold key rates steady has sent a strong message that it is concerned about the impact of rising interest rates before the recovery of the economy can happen. The RBI may be reaching the end of its tolerance for inflation and will most likely raise interest rates in …

An Overview Ircon International placed orders worth Rs 210 crore with RaiITel Corporation of India, which saw its stock rise 4% in early trade on December 9. “RaiITel Corporation has received a work order from Ircon International for the design, supply, installation, testing, and commissioning of a tunnel communication system in tunnel environment consisting of emergency …

On Tuesday, the Securities Exchange Board of India has proposed a one commodity one exchange policy to reduce liquidity fragmentation. As per this proposal, all the stock exchanges will have to involve in the development of a separate lot of un-fragmented contracts which are easily sellable. There has been a proposal for developing another specific …