Indian Railway Catering and Tourism Corporation shares suffered a sudden fall of Rs. 1400 in the trading session of Tuesday. This is a 15% fall towards a close to Rs. 4,995 a share. This massive slump came after the state-owned company reported a record high during the early deals. IRCTC’s stock closed at more than …
In the last week until Monday’s morning session, the NSE’s Nifty 50 has gained over 600 points whereas BSE’s Sensex has soared over 1800 points in the same span. The rally has taken both indices to new all-time highs and pushed the market capitalisation even higher. The retail investors have been the net buyers despite …
An Overview The market value of eight of the top ten most valuable firms increased by Rs 1,52,355.03 crore last week, with HDFC Bank and SBI emerging as the largest gainers. The BSE benchmark Sensex gained 1,246.89 points, or 2.07%, last week. On Thursday, the threshold surpassed 61,000 for the first time in history. For …
Local and global custodian financial institutions have reportedly appealed to capital markets regulator SEBI to defer the implementation of the T+1 settlement cycle option till April 2022. Custodian banks are financial institutions or banks that safeguard the securities and funds of investors. They are SEBI-registered institutions that also arrange settlement of sales or buys and deliveries of …
The Securities and Exchange Board of India (SEBI) is revamping its systems to cast a wide net to catch violators of India’s stock market regulations. Traditionally, the capital market regulator had relied on tips and data from stock exchanges to investigate violations. However, an ever-increasing complex strategies employed by these violators have forced the watchdog …
Indian equity markets in the past few days witnessed some FII outflow. However, despite the consistent outflow, the benchmark Indices have remained resilient and outperformed the emerging market peers. The Benchmark indices have remained resilient, and a few of the broader indices like Small-Cap and Mid Cap have witnessed some profit booking. Amid all these …
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 …
