The BSE Sensex extended its rally into the second trading session of Calendar Year 2025, surging over 1,300 points or 1.69% as of 2:28 PM on January 2, 2025. Trading at 79,824, the advance-decline ratio heavily favoured advances, with 29 stocks in green and only one in red—Sun Pharma being the lone underperformer. Top Gainers …
The NSE benchmark Nifty50 index on January 2, 2025, opened on a positive note and sustained its momentum, reclaiming the crucial psychological level of 24,000. By 2:00 PM, the index was trading 380 points higher at 24,127 (+1.61%), marking one of its sharpest single-day gains in over a month. Broad Market Participation Drives Gains A …
In 2024, the Department of Investment and Public Asset Management (DIPAM) achieved significant milestones in its mission to create value for investors, optimise public asset management, and ensure efficient financial planning. The department’s efforts reinforced its strategic approach toward Central Public Sector Enterprises (CPSEs), capital markets, and economic growth. Strong Growth in CPSE Indices Since …
Investors in schemes of the erstwhile Reliance Mutual Fund, now Nippon Life India Mutual Fund, have faced cumulative losses of nearly ₹1,830 crore. The losses stem from the fund house’s investment in AT-1 bonds of YES Bank, which were eventually written down. This information was revealed in a show-cause notice issued by the Securities and …
Neilsoft Ltd, an engineering services and solutions (ER&D) company, plans to raise funds through an IPO consisting of a ₹100 crore fresh issue and an ₹80 lakh offer-for-sale. Proceeds will be used for capital expenditure and corporate purposes. Neilsoft IPO Overview Neilsoft Ltd, an engineering services firm backed by Fujita Corporation, has filed its Draft …
The combined ADTV for the futures and options (F&O) segment on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) fell to ₹280 trillion in December 2024. This marks a sharp 36.56% drop from November’s ₹442 trillion and a staggering 48% decline compared to September volumes. Key drivers behind this contraction include regulatory …
Ajay Poly Limited has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) to raise funds. The IPO consists of a combination of a fresh issue of shares, up to ₹238 crore, and an offer-for-sale (OFS) of up to 93 lakh equity …
The Securities and Exchange Board of India (SEBI) has introduced a new compliance framework designed to simplify the reporting process for listed entities. This integrated filing system, which consolidates various filing requirements, will be applicable for submissions related to the quarter ending December 31, 2024, and beyond. Objective: Reducing Compliance Burden The new framework aims …
On Wednesday, January 1, 2025, the benchmark equity indices, BSE Sensex and NSE Nifty50, started the new year with gains. The 30-share Sensex rose by 368.40 points, or 0.47%, closing at 78,507.41. During the session, the index traded between 78,756.49 and 77,898.30. Similarly, the Nifty50 index gained 98.10 points, or 0.41%, to settle at 23,742.90. …
In a significant move to strengthen cybersecurity in India’s financial sector, the Securities and Exchange Board of India (SEBI) has issued clarifications regarding its Cybersecurity and Cyber Resilience Framework (CSCRF) for regulated entities (REs). The framework, initially introduced in August 2024, aims to enhance the ability of regulated entities to withstand, respond to, and recover …
