The Reserve Bank of India (RBI) has reportedly given the go-ahead to state-owned insurer LIC to double its holding in IndusInd Bank to nearly 10 per cent (9.99 pc). The LIC stake in the private bank was 4.95 per cent thus far, as per reports. According to a regulatory filing by the bank, this approval has …
A decline in NASDAQ in the previous week has caused quite a stir among top tech stocks in the Indian stock market. Shares of listed startups feature tremendous pressure due to the negative bottom line and higher valuations, which has agitated investors’ sentiments. Now, amid the global stock market seizure, Indian investors are jittered. But …
On Tuesday, 8 February 2022, IRCTC (Indian Railway Catering and Tourism Corporation) reported a whopping growth in its 3rd quarter income with consolidated net profit increasing 32% sequentially and 167.4% on-year on account of a low base during Q3 FY 2022. Go through this blog to get the intricate details! Know About IRCTC’s Revenue! Revenue …
An array of companies have published their FY 22 Q3 results in the past few days, and Coffee Day Enterprises Ltd. (CDEL) is no exception. This company released its quarter three results for the current financial year on Monday, 14 February 2022. Read through to find out more about it! A Closer Look into This …
Election-Time Market Turbulence With India in the midst of its General Elections, the stock markets are anything but steady. This rollercoaster ride is leaving investors feeling jittery, driving them to scrutinize every possible market indicator for a clue about when the storm might pass. One such indicator that recently grabbed their attention is the India …
On Friday, the Bank Nifty opened at 48,660 and reached an intraday high of 48,679.65. However, the index failed to maintain these gains due to profit-taking, leading to a decline that ended the day down by 0.61%. Daily and Weekly Chart Patterns On the daily chart, Bank Nifty formed a “dark cloud cover” pattern, indicating …
The NSE benchmark Nifty50 index has rebounded by over 150 points from the day’s low and is hovering near the day’s high, around the 22,450 mark, up by 0.22%. This strong recovery has drawn attention to the Nifty PSE Index, which has hit a new high and, notably, has broken out of an ascending triangle …
A drastic shift in sentiment occurred on D-Street, moving from a celebratory atmosphere to a more somber tone. The market experienced a significant downturn from its intraday high, with the Nifty 50 index reaching a fresh all-time high but failing to sustain its gains, closing lower around the 22,600 mark. Sectoral Performance- Nifty IT The …
In a move aimed at encouraging greater participation in Futures and Options contracts for the Nifty Next 50 Index, the National Stock Exchange (NSE) has announced a fee waiver. According to an NSE circular dated April 23, 2024, trades executed in the Futures and Options segment on Nifty Next 50 Index (NIFTYNXT50) will be exempt …
An Overview of Recent Events The accounts of three foreign funds — Albula Investment Fund, Cresta Fund, and APMS Investment Fund — have been frozen by the National Securities Depository Ltd (NSDL), which together possess approximately Rs. 43,500 crores in shares in four Adani Group companies. According to the depository’s website, these accounts were frozen …
