According to reports, the US Federal Reserve is expected to reduce its benchmark interest rate by 25 basis points at the conclusion of its 2-day meeting on December 18. This would mark the 3 consecutive US Fed rate cut, bringing the federal funds rate to a target range of 4.25%-4.5%, down from the current 4.5%-4.75%. …
The Securities and Exchange Board of India has imposed new restrictions on foreign portfolio investors (FPIs), barring them from issuing participatory notes (P-notes) with derivatives as the underlying asset. SEBI Tightens FPI Regulations In a move to tighten regulatory oversight, the Securities and Exchange Board of India announced on Tuesday that foreign portfolio investors (FPIs) …
The Securities and Exchange Board of India (SEBI) has proposed the launch of a central platform, Mutual Fund Investment Tracing and Retrieval Assistant (MITRA), to help investors track inactive and unclaimed mutual fund (MF) folios. The proposal, outlined in a consultation paper, aims to address concerns over forgotten MF investments, especially those made in physical …
Mukesh Ambani and Gautam Adani have both dropped out of Bloomberg’s $100 billion club for 2024 due to business challenges. Ambani faces concerns over rising debt and underperforming sectors, while Adani deals with a U.S. probe and fallout from a fraud report. Challenges Weigh on India’s Richest Billionaires India’s richest individuals, Mukesh Ambani and Gautam …
On December 17, 2024, benchmark equity indices BSE Sensex and NSE Nifty 50 experienced steep declines, dropping over 1% each due to widespread selling pressure. The Sensex fell by 1,064.12 points, or 1.30%, to close at 80,684.45. Throughout the session, the index fluctuated between 81,613.64 and 80,612.20. Similarly, the Nifty 50 dropped 332.25 points, or …
The Nifty Smallcap 100 Index captures the performance of the small-cap segment of the Indian financial market. This index comprises 100 tradable stocks listed on the National Stock Exchange (NSE) and is calculated using the free-float market capitalisation method. The index level reflects the total free-float market value of its constituent stocks relative to a …
The BSE Sensex, launched on January 1, 1986, is India’s most tracked and iconic stock market index. It comprises 30 of the largest, most liquid, and financially robust companies across key sectors of the Indian economy, all listed on the Bombay Stock Exchange (BSE). Known as a barometer of India’s economic health, it reflects the …
The Nifty Bank Index is a vital benchmark for tracking the performance of Indian banking stocks. This index consists of the most liquid and significant banking companies listed on the National Stock Exchange of India (NSE), with a maximum cap of 12 constituent companies. The index is calculated using the free float market capitalisation method, …
The Nifty50 index began the week on a flat note but faced profit booking as the session progressed. On December 16, 2024, the index hit an intraday low of 24,601.75 before rebounding, aided by gains in banking and financial stocks. Despite this recovery, the index closed 0.4% lower, ending the day above the 24,650 mark. …
On December 16, 2024, the BSE Sensex and NSE Nifty50 closed in the red, echoing weak sentiment across Asian markets. The 30-share Sensex declined by 384.55 points (0.47%) to settle at 81,748.57, moving between a high of 82,116.44 and a low of 81,551.28 during the session. Similarly, the NSE Nifty50 dropped 100.05 points (0.40%) to …
