Market Updates - Angel One

India’s economy is estimated to grow by 9.5 per cent this year, as per the new World Economic Outlook (WEO) report by the International Monetary Fund (IMF). Also, the IMF data projects that in 2022, the country’s economy is likely to grow at 8.5 per cent. The IMF projection for 2021 has stayed the same as …

An Overview The Reserve Bank of India (RBI) has authorised multinational banks operating in India to keep a limited range of data in overseas computers, putting an end to a contentious problem. Foreign banks can keep some fields of static information such as a client’s name and address, some know-your-customer (KYC) details, and transaction details …

An Overview The Central Bank stated that it has retained the Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited Advisory Committees (SEFL). The RBI created a three-member Advisory Committee on October 4 to help Rajneesh Sharma, Administrator of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL), in carrying out his …

On 11 October 2021, Aditya Birla Sun Life made an unimpressive debut on the bourses. Following a tepid response to its initial public offer, the company’s shares declined by 2.25% on listing at the Bombay Stock Exchange. On the other hand, the stocks opened at Rs. 715 apiece on the National Stock Exchange, higher by …

Clearing corporations (CCs) of stock exchanges are likely to appeal to capital markets regulator SEBI to defer the launch of the new T+1 settlement cycle by some months, according to news reports. Clearing corporations are intermediaries affiliated with the stock exchanges; they not only confirm and settle trade of shares but also ensure delivery. The two leading clearing …

An Overview Last week, eight of the top ten most valuable firms added a total of Rs. 2,32,800.35 crore to their market capitalisation, with RIL and TCS emerging as the largest gainers. The 30-share BSE benchmark rose 1,293.48 points, or 2.20 percent, last week. On Friday, the benchmark surpassed the 60,000 mark. RIL’s  market value …

An Overview The Reserve Bank of India (RBI) held key policy interest rates steady on Friday, indicating that it expects the weak economic recovery to deepen, and it reiterated its accommodative approach, which promotes a long-term recovery. It did, however, take the first move toward reducing excess liquidity by eliminating the special Government Securities Acquisition …

Listed public sector undertakings (PSUs) are reportedly contributing to the BSE 500 Index’s rally ever since the crash of March 2020. As per reports, the BSE500 which had hit lows of 11,100 in the wake of the first wave of the pandemic in March last year now stands at 24,000-levels, an over two-fold increase. The …

An Overview The industry association FICCI raised its growth forecast for the Indian economy in FY22 from 9% to 9.1 percent on Thursday, up from 9% previously. “Following the second wave of the pandemic, the economic recovery appears to be holding steady, as evidenced by the incoming data on different high-frequency indicators. The next festive …

An Overview The rise in corporations reporting scams in tandem with an increase in retail investors’ interest in stocks is a worrisome trend that needs to be addressed, according to SEBI’s whole-time member SK Mohanty. According to Mohanty, 65 percent of companies have detected fraud this year. Simultaneously, they have over 1.5 crore new retail …