On November 8, 2024, the benchmark indices Nifty 50 and BSE Sensex were trading in the red in the afternoon, extending losses for the second trading session in a row. The fall came despite positive global cues — mainly the US Fed slashing interest rates for the 2nd consecutive time. At 01:00 PM, Nifty 50 …
Ananth Narayan, whole-time member (WTM) of the Securities and Exchange Board of India (SEBI), cautioned that a strong focus on commercial objectives by market infrastructure institutions (MIIs) could result in the de-prioritisation of their primary role as regulators and public utility providers. Speaking at the Business Standard BFSI Insight Summit on Thursday, Narayan outlined the …
The Indian stock market indices, Sensex and Nifty 50, will likely be impacted on November 08, influenced by positive cues from global markets. Asian markets are trading higher, and the US stock market saw a strong rally overnight, with the S&P 500 and Nasdaq reaching record closing highs. The rally on Wall Street was boosted …
Introduction to FinNifty The NIFTY Financial Services (FinNifty) is a sectoral index on the National Stock Exchange (NSE) that tracks the performance of India’s financial services sector. Comprising 20 stocks from banks, non-banking financial companies (NBFCs), housing finance firms, financial institutions, and other financial service providers, it offers a comprehensive snapshot of the sector. The …
The S&P BSE Small-Cap Index tracks small-sized companies on the Bombay Stock Exchange (BSE), with 946 companies listed. It is heavily weighted in the financial (6%) and chemical (6%) sectors, followed by pharmaceuticals (5%) and IT, steel, auto ancillary, and infrastructure sectors (4% each). The index has delivered strong performance, up 30% YTD and 46% …
Indel Money Limited’s latest Non-Convertible Debenture (NCD) offer witnessed robust investor interest, culminating in an oversubscription of 156.51%. Launched as the company’s fifth public issue, this secured and redeemable NCD issue had a face value of Rs 1,000 per unit and was initially aimed at raising Rs 75 crore. The NCD issue, which opened on …
In its November 2024 review, MSCI made adjustments across Indian stocks, impacting both domestic and global indices. These changes, effective November 25, 2024, are expected to draw around $2.5 billion in passive inflows to Indian equities, showcasing the rising influence of Indian stocks in global markets. Changes in the MSCI India Domestic Small Cap Index …
On November 07, 2024, the benchmark equity indices ended in red. Nifty 50 was down 1.16% and settled at 24,199.35 while Sensex was down 1.04% to 79,541.79. Nifty Bank was down 0.77% to 51,916.50. The volatility indicator Nifty VIX was up 1.05% to 15.03, reflecting a rise in volatility. Sectoral Performance All sectors closed in …
The Indian benchmark indices Nifty 50 and Sensex dragged to negative territory after the US Election results and Donald Trump’s landslide victory. Investors turned cautious ahead of the US Fed’s interest rate decision. At 09:17 Nifty 50 stood at 24,489.60, up 5.55 points or 0.02% and Sensex stood at 80,248l, down 129.87 points or 0.16%. …
Introduction: The Rupee’s Record Low On Thursday, the Indian rupee slipped to a record low of 84.2950 against the U.S. dollar, edging past the previous all-time low of 84.28. This drop is largely attributed to global economic factors, especially expectations surrounding Donald Trump’s potential economic policies if he returns to the White House. These changes …
