On May 19, FIIs and FPIs made a significant net purchase of Rs.4,671 Cr worth of equities. Simultaneously, DIIs recorded a net buying activity of Rs.146 Cr in equities. According to provisional data from the exchanges, FIIs bought Rs.19,822 Cr worth of shares while selling Rs.15,151 Cr, resulting in a net positive inflow. DIIs, on …
A Rally Amidst Optimism On Thursday, the Indian markets experienced a roaring rally, with both the Nifty and Sensex closing at record-high levels. This surge was bolstered by positive developments such as the Reserve Bank of India’s announcement of the highest-ever dividend to the central government and an uptick in business activity, as evidenced by …
The market capitalization of Indian listed companies on the National Stock Exchange (NSE) soared past the USD 5 trillion mark (Rs 416.57 trillion). This monumental achievement reflects the dynamic growth of India’s equity market. On the same day, the Nifty 50 Index reached an unprecedented high of 22,993.60, while the Nifty 500 Index also hit …
The National Stock Exchange(NSE) is set to launch one paisa tick size for the stock priced below Rs.250 per share. The current tick size for these stocks is 5 paise, which will now be reduced to one paisa according to the circular of NSE. The exchange has further mentioned that the circular will be effective …
Nifty 50 Index Performance The NSE benchmark Nifty 50 index opened the session with a negative bias. However, it quickly recovered from lower levels and surpassed the milestone of 23,000 for the first time in history. Despite this, it oscillated in a narrow range throughout the day, touching a fresh all-time high of 23,026.40. Candlestick …
An Overview The rise in corporations reporting scams in tandem with an increase in retail investors’ interest in stocks is a worrisome trend that needs to be addressed, according to SEBI’s whole-time member SK Mohanty. According to Mohanty, 65 percent of companies have detected fraud this year. Simultaneously, they have over 1.5 crore new retail …
Financial markets regulator SEBI on Wednesday released a circular in which the minimum limit on trading of corporate bonds and commercial papers on RFQ platform has been increased. Mutual Funds will soon require to trade at least 25 pc of corporate bonds and 10 pc of commercial papers via RFQ arrangement organised by exchanges. What …
An Overview The financial consequences of the second wave of the pandemic is likely to be minimal, according to the finance ministry, and there are evident signs of economic regeneration. According to the finance ministry’s latest Monthly Economic Review, “strong rebound in tax receipts buffers the financials toward meeting the budgeted support to the economy.” …
The Budget 2022, which was presented in the Parliament, brought about various changes in the tax slabs, which included a hike in the standard deduction and the exemption limit. While none of these was mentioned in the budget speech, the Finance Minister got something else instead. Honourable FM Nirmala Sitharaman said that the government will …
PLI’s Contribution In Improvement Of Financial System And Economic Development The Reserve Bank of India (RBI) governor Shaktikanta Das stated on Wednesday that while India’s financial system is growing and economic development is improving, the coronavirus has had an unequal impact on Indians, which must be addressed for long-term, inclusive progress. The RBI governor also …
