On 14 September 2021, Tuesday, shares of Ami Organics and Vijaya Diagnostic made strong debuts on D-Street after a number of tepid listings. Here, we’ll be looking into how the listing day of these two stocks turned out. Ami Organics Makes a Firm Debut Ami Organics shares got listed on the BSE at Rs. …
Rapid recovery “The pandemic impacted the country, but the recovery has been faster than the damage.” Prime Minister Narendra Modi said on Saturday. “Covid-19 had an impact on economies all across the world, including India’s. But our economy has made a strong comeback,” Modi remarked at the Sardardham Bhavan’s opening in Ahmedabad. The Prime Minister …
An Overview Last week, five of the ten most valuable companies increased their overall market value by Rs. 62,508.32 crore, with RIL emerging as the highest gainer. Other gainers included HUL and SBI, while losers included TCS, Infosys and ICICI Bank.. RIL’ market capitalization increased by Rs. 23,582.73 crore to Rs. 15,37,600.23 crore at the …
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 …
