Market Updates - Angel One

An Overview According to the FICCI Manufacturing Survey for July-September, the outlook appears to have improved markedly in Q2 after a weak Q1. The percentage of responders reporting increased output in the second quarter of 2021-22 was much above 50%, at roughly 61%. This was much higher than the same percentage in the second quarter …

Cryptocurrency prices dropped steeply on September 8, on the back of a heightened volatility and a huge sell-off. While Bitcoin fell to $45,000 levels, Ethereum traded at $3,300 levels, both dropping 13.48 and 14.45 per cent, respectively. The cryptocurrency prices, including those of Bitcoin, Dogecoin and Ethereum, have been experiencing a lot of volatility over the …

An Overview According to reports, the government is considering allowing foreign institutional involvement of up to 20% in Life Insurance Corporation. The government expects to generate up to Rs. 900 billion from the stake sale, which will make it India’s largest ever IPO. The decision will make it easier for the government to raise funds …

T+1 settlement For the markets, the Securities and Exchange Board of India (SEBI) has implemented an optional T+1 settlement period. T+1 denotes that settlements must be completed within one day after the transaction’s completion. The stock exchanges must decide whether they wish to opt for the short trade cycle for any of the listed stocks, …

India’s central bank, the Reserve Bank of India (RBI) has now extended tokenisation to include card-on-file (COF) data when its new rules on data storage will come into effect starting January 2022. According to an RBI statement dated September 7, 2021, the device based framework would now be extended to card on file tokenisation and …

An Overview The SEBI modified the customer-based position thresholds for trading in cross-currency derivative contracts on Tuesday. The maximum number of options or futures contracts that an investor can possess on a single underlying securities is referred to as a position limit. It has been decided to amend the client level position limits, per stock …

News that Amazon will offer wealth management services in India broke on a leading daily on 8 September 2021. This certainly marks a changing landscape in the financial sector of India. The news followed Google Pay’s offer to open fixed deposits in India. These moves mark a transition that experts are keen to follow. Let’s …

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) rallied 6% intraday on 6 September 2021. The company’s shares crossed the Rs. 3,000 mark, hitting a new all-time high of Rs. 3,041.20. Moreover, experts suggest that the shares can continue to hit new records and may even touch Rs. 5,000 per stock levels in the …

HDFC Life Insurance Company has decided to convene an extraordinary general meeting (EGM) on 29 September 2021, seeking shareholder’s approval for the Exide deal.  Under this Rs. 6,687 crores deal, HDFC Life, will acquire 100% share capital of Exide Life after paying the promoter Exide Industries Rs. 725.98 crores in cash. This EGM will be …

On Monday, 6 September 2021, the IT major Infosys announced that it had almost completed its shares buyback program. Earlier, the Infosys board had approved an Rs. 9,200 crores buyback program to commence from 25 June, buying back shares at a maximum price of Rs. 1,750 apiece. The buyback committee will meet again on 8 …