The Securities and Exchange Board of India (SEBI) has instructed 3 online platforms—Altgraaf, Tap Invest, and Stable Investments—to immediately cease offering services related to unlisted bonds. This action is part of a broader investigation into regulatory violations and possible fraudulent activities in the sector. In its notice issued on Monday, SEBI highlighted concerns over the …
State-owned NTPC announced on Monday that it has distributed ₹2,424 crore as the first interim dividend for the financial year 2024-25. The dividend represents 25% of the company’s paid-up equity share capital and amounts to ₹2.50 per share, based on a face value of ₹10. The dividend payment was approved by NTPC’s Board of Directors …
Indian stock markets will be closed for trading on Wednesday, November 20, 2024, due to voting for the Maharashtra state elections. The elections will be held for 288 seats, with 4,136 candidates contesting. Vote counting will take place on November 23, 2024. Trading Hours and Market Status Stock Market Both the Stock Exchange NSE and …
Indian stock markets, Sensex and Nifty 50 are likely to be impacted on Tuesday, supported by gains in global markets. Asian stocks moved up in early trading, while the US markets saw a mixed close overnight, with the Nasdaq and S&P 500 ending in positive territory. Gift Nifty traded around 23,545, showing a premium of …
Sensex Closes in Red: A Fourth Straight Session Decline The BSE benchmark Sensex ended the trading session on Monday, November 18, 2024, in the red, marking its fourth consecutive day of losses. The index closed below 77,350, with intraday levels touching lows last seen on June 24. Investor sentiment remained dampened as the broader market …
Overview of FINNIFTY Performance On Monday, the Nifty Financial Services (FINNIFTY) Index, which tracks the Indian financial market encompassing banks, financial institutions, housing finance, insurance companies, and other financial services, ended the session with a modest gain of 0.25%, outperforming the Nifty 50 index. Key Technical Observations Candle Formation: FINNIFTY formed a Doji candle on …
Gold Prices Decline in India: A Boon for Buyers Gold prices observed a slight decline on Monday, with 24-carat gold priced at Rs. 7581.3 per gram, down by Rs. 10, and 22-carat gold at Rs. 6951.3 per gram, also down by Rs. 10. Over the past week, 24-carat gold has seen a price drop of …
The BSE Small-Cap Index represents the bottom 15% of the Bombay Stock Exchange’s market capitalization. The BSE Small-cap index constituents are facing selling pressure amid muted earnings, inflation concerns, and persistent foreign institutional investor (FII) outflows. Covering 946 small-cap companies with a market capitalization of Rs 7.42 lakh crore, the index has declined 4.21% over …
The Central Government is reportedly considering increasing the wage ceiling limit under the Employees’ Provident Fund (EPF) scheme from Rs.15,000 to Rs.21,000, as per the reports. This is the first revision in a decade and aims to widen the coverage of the Employees’ Provident Fund Organisation (EPFO) and strengthen social security for workers. Changes to …
Inside Candle Formation Indicates Consolidation The Bank Nifty displayed an inside candle pattern on Thursday, trading within the high and low of Wednesday’s bearish candle. This consolidation suggests market indecision. While the index opened above 50,300, it failed to maintain its momentum and slipped lower without breaching the prior session’s low. Currently, the index remains …
