State-owned NTPC announced on Monday that it has distributed ₹2,424 crore as the first interim dividend for the financial year 2024-25. The dividend represents 25% of the company’s paid-up equity share capital and amounts to ₹2.50 per share, based on a face value of ₹10. The dividend payment was approved by NTPC’s Board of Directors …
The Securities and Exchange Board of India (SEBI) has instructed 3 online platforms—Altgraaf, Tap Invest, and Stable Investments—to immediately cease offering services related to unlisted bonds. This action is part of a broader investigation into regulatory violations and possible fraudulent activities in the sector. In its notice issued on Monday, SEBI highlighted concerns over the …
Sensex Closes in Red: A Fourth Straight Session Decline The BSE benchmark Sensex ended the trading session on Monday, November 18, 2024, in the red, marking its fourth consecutive day of losses. The index closed below 77,350, with intraday levels touching lows last seen on June 24. Investor sentiment remained dampened as the broader market …
Overview of FINNIFTY Performance On Monday, the Nifty Financial Services (FINNIFTY) Index, which tracks the Indian financial market encompassing banks, financial institutions, housing finance, insurance companies, and other financial services, ended the session with a modest gain of 0.25%, outperforming the Nifty 50 index. Key Technical Observations Candle Formation: FINNIFTY formed a Doji candle on …
Gold Prices Decline in India: A Boon for Buyers Gold prices observed a slight decline on Monday, with 24-carat gold priced at Rs. 7581.3 per gram, down by Rs. 10, and 22-carat gold at Rs. 6951.3 per gram, also down by Rs. 10. Over the past week, 24-carat gold has seen a price drop of …
Inside Candle Formation Indicates Consolidation The Bank Nifty displayed an inside candle pattern on Thursday, trading within the high and low of Wednesday’s bearish candle. This consolidation suggests market indecision. While the index opened above 50,300, it failed to maintain its momentum and slipped lower without breaching the prior session’s low. Currently, the index remains …
The Central Government is reportedly considering increasing the wage ceiling limit under the Employees’ Provident Fund (EPF) scheme from Rs.15,000 to Rs.21,000, as per the reports. This is the first revision in a decade and aims to widen the coverage of the Employees’ Provident Fund Organisation (EPFO) and strengthen social security for workers. Changes to …
A Volatile Start Ends on a Resilient Note The NSE benchmark Nifty50 index opened strong above the 23,600 mark but quickly slipped, hitting an intraday low of 23,350.40. However, buying support emerged at lower levels, helping the index reclaim 23,500 by the end of the session. The INDIA VIX, a measure of market volatility, cooled …
The National Stock Exchange (NSE) has placed five stocks under the Futures and Options (F&O) ban for Monday, November 18, 2024. These stocks have crossed 95% of the market-wide position limit (MWPL), a threshold set to curb excessive speculation and maintain market stability. Stocks in F&O Ban The five stocks currently under the F&O ban …
On November 18, 2024, both the BSE Sensex and NSE Nifty50 ended the day in red. The BSE Sensex closed at 77,339.01, down by 241.30 points or 0.31%. Similarly, the Nifty50 also closed at 23,453.80, down by 78.90 points or 0.34%. Sectoral Performance On Monday, Nifty Metal, Nifty FMCG and Nifty PSU Bank ended in …
