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Market Updates - Angel One

Nifty Metal: Will It Reclaim Its All-Time High?

Nifty Metal: Will It Reclaim Its All-Time High?

20 June 2024

One of the top-performing sectors on Thursday was Nifty Metal. The Nifty Metal index gained 1.82%, and with the exception of Adani Enterprises, all other constituents of the metal index closed the session in green. This strong move reversed the losses from Wednesday when the index fell by 1.18%. Rebounding from Wednesday’s Losses On Wednesday, …

Bank Nifty Hits All-Time High: HDFC Bank Contributes Bulk of the Gains

Bank Nifty Hits All-Time High: HDFC Bank Contributes Bulk of the Gains

19 June 2024

On Wednesday, Bank Nifty witnessed a significant surge of over 1200 points, or 2.49%, hitting a fresh all-time high. The previous all-time high was recorded on June 3, 2024, and almost 11 trading sessions later, Bank Nifty has set a new record. The Consolidation Phase Before this impressive move, Bank Nifty traded within a tight …

NSE Introduces NIFTY India Tourism Index

NSE Introduces NIFTY India Tourism Index

19 June 2024

On Tuesday, NSE Indices Ltd., a subsidiary of the National Stock Exchange Ltd., launched a new thematic index called Nifty India Tourism. This index is designed to monitor the performance of stocks related to the travel and tourism sector from the Nifty 500. Currently, this index comprises 17 stocks, Nifty India Tourism will undergo semi-annual …

SEBI’s New Guidelines on Charges Levied by Market Infrastructure Institutions

SEBI’s New Guidelines on Charges Levied by Market Infrastructure Institutions

2 July 2024

The Securities and Exchange Board of India (SEBI) has issued new guidelines to ensure fairness and transparency in the charges levied by Market Infrastructure Institutions (MIIs). These guidelines, effective from October 1, 2024, aim to protect investors and promote a more equitable securities market. Here’s a breakdown of the key points from SEBI’s circular: Role …

SEBI Increases Basic Demat Account Limit by Five Times

SEBI Increases Basic Demat Account Limit by Five Times

1 July 2024

The Securities and Exchange Board of India (SEBI) has issued a circular outlining new guidelines for the Basic Services Demat Account (BSDA), aimed at promoting financial inclusion and simplifying the investment process for individuals. These new rules, effective from September 1, 2024, build upon previous directives and are designed to further boost participation in the …

RBI Approves Hitachi Payment Services as Online Payment Aggregator

RBI Approves Hitachi Payment Services as Online Payment Aggregator

28 June 2024

On June 27, 2024, Hitachi Payment Services received the Reserve Bank of India’s final authorization to operate as an Online Payment Aggregator under the Payments and Settlements Act, 2007. This end-to-end payments and commerce solutions provider will now be able to expand its digital solutions and services stack to encompass a comprehensive suite of innovative …

SEBI Shortens Listing Timeline to T+3 Days for Debt Securities

SEBI Shortens Listing Timeline to T+3 Days for Debt Securities

28 June 2024

The Securities and Exchange Board of India (SEBI) has introduced a new listing timeline for debt securities, including non-convertible debentures and non-convertible redeemable preference shares, to enhance market efficiency and expedite the listing process. SEBI Shortens Listing Timeline SEBI announced that the listing of these debt securities must now occur within T+3 working days, a …

SEBI Bans Regulated Entities from Associating with Unregistered ‘Finfluencers’

SEBI Bans Regulated Entities from Associating with Unregistered ‘Finfluencers’

28 June 2024

The Securities and Exchange Board of India (SEBI) has proposed new measures to restrict the association of regulated entities with unregistered financial influencers, commonly known as “finfluencers.” This initiative aims to protect investors and ensure that credible and regulated sources provide financial advice and promotions The Rising Influence of Finfluncers In recent years, financial influencers …

SEBI Eases ‘Trading Plans’ Framework for Company Insiders

SEBI Eases ‘Trading Plans’ Framework for Company Insiders

27 June 2024

The Securities and Exchange Board of India (SEBI) has recently made significant revisions to its ‘Trading Plans’ framework, mainly focused at facilitating compliant trading practices among insiders who regularly handle unpublished price-sensitive information (UPSI). Reduction in Cool-Off Period SEBI’s latest circular reduces the minimum cool-off period required between the disclosure and implementation of a trading …

Radisson Hotel Group Announces 10 New Hotel Deals in India

Radisson Hotel Group Announces 10 New Hotel Deals in India

27 June 2024

On June 26, Radisson Group issued a press release of its latest announcement of the signing of 10 new hotels in just 4 days. These signings took place across 4 brands of the group including Radisson Blu, Radisson, Radisson Individuals, and its brand extension Radisson Individuals Retreats. The group had also entered 5 new markets …

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