GIFT Nifty Hits a New Milestone in September 2024 The GIFT Nifty, a benchmark symbolizing the strength and growth of the Indian equity market, reached a historic milestone by recording an all-time high monthly turnover of US $100.7 billion in September 2024. This achievement surpassed its previous record of US $100.13 billion set in August …
The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in India will be closed on Wednesday, October 2, 2024, for Gandhi Jayanti. This national holiday marks the birthday of Mohandas Karamchand Gandhi, an important leader in India’s fight for independence, known for his teachings of non-violence and peaceful protest. A trading or stock market …
On Monday, the Securities and Exchange Board of India (SEBI), which oversees the markets, approved “light touch” regulations and a more lenient framework for companies looking to introduce solely passive mutual fund schemes. SEBI stated in a statement that the Mutual Funds Lite (MF Lite) framework, also known as light touch regulations, has loosened requirements …
On September 30, 2024, the capital markets regulator Securities and Exchange Board of India (SEBI) conducted its board meeting, wherein, it approved key measures for easing trading practices for regular investors and simplifying norms in the mutual funds (MF) industry. The regulator surprised investors by not announcing any regulation to curb a surge in derivatives …
The market regulator Securities and Exchange Board of India (SEBI), has imposed a penalty of ₹12 lakh on NSE Data & Analytics Limited (formerly DotEx International) for multiple regulatory infractions. The decision by SEBI follows a comprehensive inspection conducted in September 2023 which focused on the company’s operations as a KYC Registration Agency (KRA) during …
The Bombay Stock Exchange (BSE) has announced alterations that are to affect transaction pricing for Sensex and Bankex options contracts concerning the equity derivatives section. This reformation, expected to take effect on October 1, 2024, follows the notification issued on September 27, 2024, with information about the new changes in fees for these contracts. Revised …
As the trading week concludes, the Indian stock market finds itself navigating through a landscape marked by significant global and local developments. Market participants are keenly assessing various factors, from robust international cues to vital economic indicators that could influence investor sentiment. Here’s a closer look at the key changes this week that have shaped …
Introduction: Nifty IT Index – A Strong Start to the Day The Nifty IT Index emerged as the top-performing sector on Friday, surging over 2%. This positive momentum came after the release of global IT consulting giant Accenture’s fourth-quarter financial results for FY24. The company’s performance, often seen as a bellwether for the Indian IT …
The market regulator, the Securities and Exchange Board of India (SEBI) has introduced Unified Distilled Filing Formats (UDiFF), which marks a significant milestone in India’s financial markets. The new innovative reporting system has streamlined the regulatory landscape, reducing the burden on market participants and fostering a more efficient ecosystem. Prior to UDiFF, market members were …
GIFT Nifty Breaks Records with Unprecedented Open Interest and Turnover The Indian equity market, with its ever-evolving dynamics, witnessed a monumental milestone on September 24, 2024. GIFT Nifty, the benchmark index of India’s equity market, reached an all-time high Open Interest of $20.84 billion (equivalent to Rs 174,275 crore). This achievement underscores the market’s growing …
