In recent months, banks in India have tightened their approach to credit card issuance, significantly reducing the number of new cards being added. October saw a stark decline in numbers, with banks issuing just 0.79 million credit cards, compared to 1.69 million during the same period last year. While some banks like HDFC Bank and SBI Card …
On November 28, 2024, both the BSE Sensex and Nifty 50 dropped ~1.50%. The BSE Sensex closed at 79,043.74, down by 1,190.34 points or 1.48%. Similarly, the Nifty50 also closed at 23,914.15, down by 360.75 points or 1.49%. Sectoral Performance Nifty Media and Nifty PSU Bank were the most gaining sectors with a rise of 0.93% and 0.32%, respectively. …
On November 28, 2024, at 08:05 AM, the GIFT Nifty futures were trading almost flat at 24,469, 10.50 points higher, indicating a muted start. Before the market opens, check out a few stocks that will be in focus during the trading session. Godrej Properties As per CNBC, Godrej Properties, a Mumbai-based real estate developer is planning …
On November 27, 2024, both the BSE Sensex and Nifty 50 ended higher. The BSE Sensex closed at 80,234.08, up by 230.02 points or 0.29%. Similarly, the Nifty50 also closed at 24,274.90, up by 80.40 points or 0.33%. Sectoral Performance Nifty Media and Nifty Metal were the most gaining sectors with a rise of 0.98% and 0.79%, …
The Indian automotive sector is facing a tough road in the first half of FY25, struggling with declining profits, high inventory, and shrinking margins. While some players bucked the trend, the overall picture shows some major challenges for manufacturers and dealers alike. Profit Decline Show Sector Woes Major companies reported a sharp decline in profits …
Securities and Exchange Board of India has mandated that mutual funds value repo transactions on a mark-to-market basis, starting January 2025. This change aims to bring consistency and transparency to the valuation of money market and debt securities, address regulatory concerns, and protect investors. Repo Transactions to Be Marked-To-Market Previously, repo transactions with a tenor …
On November 27, 2024, at 07:51 AM, the GIFT Nifty futures were trading almost flat at 24,255, 7 points higher, indicating a muted start. Before the market opens, check out a few stocks that will be in focus during the trading session. Vedanta Vedanta Resources has announced a $2 billion investment in Saudi Arabia to set …
Foreign institutional investors (FIIs) recorded a net purchase of ₹1,157.70 crore in equities on Tuesday, November 26, building on the massive ₹9,947.55 crore inflow the previous day, according to provisional data. This follows the end of a record 38-session selling streak, indicating a continuation of FII buying momentum in Indian markets. DII Sell-Off Intensifies In …
On Wednesday, November 27, 2024, the benchmark indices Sensex and Nifty 50 are expected to open on a positive note with GIFT Nifty trading over 185.5 points higher than Tuesday’s close on Nifty Futures, despite mixed global cues. Previous Trading Session On November 26, 2024, the Sensex ended at 80,004.06 points, dropping by 105.79 points or 0.13%. …
The BSE Sensex began November 26, 2024, on a buoyant note, buoyed by Wall Street’s overnight rally. Investors cheered Donald Trump’s Treasury secretary nominee, which spurred a record-high closing for the Dow Jones. This “Bessent Boost” uplifted sentiment globally, trickling down to the Indian stock market. BJP-Led Mahayuti’s Victory Adds to Market Optimism Domestic cues …
