The Indian stock markets will remain open today on Makar Sankranti, January 14, as it is not a recognised holiday, with trading continuing as normal. Meanwhile, the RBI has declared a bank holiday in some cities on the same day. According to the official holiday calendar released by the National Stock Exchange (NSE) of India, Makar Sankranti …
Neville Noronha, one of India’s wealthiest CEOs, has announced his decision not to renew his contract with Avenue Supermarts, the parent company of the DMart retail chain. After more than 20 years of exceptional leadership, Noronha will step down at the end of his term in January 2026. The company has named Anshul Asawa of …
The Nifty50 has breached all critical support levels, marking a significant decline in Monday’s trading session. After a 2.5% drop last week, the index continued its downward spiral, losing an additional 1.47%, equivalent to around 345 points. This marked the 4th consecutive session of losses. Broader Markets Face the Brunt While the Nifty’s decline has …
The Nifty Financial Services Index (FINNIFTY) is a benchmark index designed to represent the performance of India’s financial market. It includes a diverse range of companies such as banks, financial institutions, housing finance, insurance firms, and other financial services companies. The index is composed of 20 prominent stocks listed on the National Stock Exchange (NSE). …
The BSE Sensex witnessed a steep fall on January 13, 2025, declining by 1% or 770 points by 1:16 PM. The market sentiment was dented by a stronger-than-expected US jobs report, which reduced hopes of early interest rate cuts by the Federal Reserve. Coupled with concerns over slowing corporate earnings, the market began the week …
The Securities and Exchange Board of India (SEBI) has introduced significant changes to the nomination rules for mutual funds and demat accounts to reduce unclaimed assets and improve the management of investments, particularly in cases of illness or the death of an investor. Updated Mutual Fund Nomination Rules (Effective March 1, 2025) SEBI now allows …
The Indian stock markets will remain open on Makar Sankranti, January 14, as it is not a recognised holiday, with trading continuing as normal. Meanwhile, the RBI has declared a bank holiday in some cities on the same day. According to the official holiday calendar released by the National Stock Exchange (NSE) of India, Makar Sankranti will …
Foreign Portfolio Investors (FPIs) have pulled out ₹22,194 crore from Indian equities as of January 10, 2025. This follows a net inflow of ₹15,446 crore in December 2024, indicating a sharp reversal in investor sentiment. Key Reasons for FPI Withdrawal The significant sell-off by FPIs is driven by several global and domestic factors, including: Weak …
The bank holidays in January 2025 are out. Many people are curious to know if banks will remain closed during the festivals of Lohri (January 13) and Makar Sankranti (January 14). Here’s what you need to know. Are Lohri and Makar Sankranti Bank Holidays? Lohri (January 13) Banks will remain open on Lohri. It is …
The BSE Sensex plunged by 1,031.65 points (1.35%) on Monday, closing at 76,347.26. The 30-share index fluctuated between a high of 77,128.35 and a low of 76,249.72 during the session. The NSE Nifty50 also ended the day lower, shedding 345.55 points (1.47%) to settle at 23,085.95. The index reached a high of 23,340.95 and a …
