In 2024, the Department of Investment and Public Asset Management (DIPAM) achieved significant milestones in its mission to create value for investors, optimise public asset management, and ensure efficient financial planning. The department’s efforts reinforced its strategic approach toward Central Public Sector Enterprises (CPSEs), capital markets, and economic growth. Strong Growth in CPSE Indices Since …
Neilsoft Ltd, an engineering services and solutions (ER&D) company, plans to raise funds through an IPO consisting of a ₹100 crore fresh issue and an ₹80 lakh offer-for-sale. Proceeds will be used for capital expenditure and corporate purposes. Neilsoft IPO Overview Neilsoft Ltd, an engineering services firm backed by Fujita Corporation, has filed its Draft …
The Nifty index experienced its largest single-day gain in six weeks on Thursday, January 2, surging nearly 500 points during the trading session. This marked a significant move after a 12-day consolidation period. The index crossed key levels of 23,800, 24,000, and even 24,100 before closing 425 points higher at 24,168. The last time the …
The mineral and non-ferrous metal production sectors in India have demonstrated robust growth in the first half of FY 2024-25 (April-November). This positive trend follows the record production levels of FY 2023-24, with key minerals and metals showing significant increases. The growth reflects the rising demand from crucial sectors like steel, energy, and infrastructure. Surge …
The National Stock Exchange of India (NSE) has introduced a comprehensive framework to reinforce confidence in the securities market. This initiative focuses on equipping brokers with institutional mechanisms to detect and prevent fraud or market abuse effectively. Key Objectives of the Framework The NSE’s updated guidelines aim to: Recommend best practices for trade surveillance. Identify …
In a significant development for taxpayers eligible for the Section 87A tax rebate, the Income Tax Department has announced a key update regarding the financial year 2023-24. On December 31, 2024, the department confirmed that taxpayers who were unable to claim the rebate within the original time frame can now file revised or belated Income …
The Nifty Small Cap 100 Index maintained its upward trajectory, gaining 0.64% on January 2, 2025. After recording an impressive 24% gain in 2024, the index began 2025 on a positive note, rising 1.66% in the first two trading sessions. Market Breadth Strength On January 2, 2025, the advance-decline ratio remained strong, with 72 stocks …
The Nifty Bank Index comprises the most liquid and large Indian banking stocks. It serves as a benchmark for investors and market intermediaries, reflecting the capital market performance of Indian banks. The index includes a maximum of 12 companies listed on the National Stock Exchange of India (NSE). Current Market Performance As of 2:51 pm …
The BSE Sensex and NSE Nifty50 continued their upward trend, gaining over 1.5% on Thursday. The Sensex hit a high of 80,032.87 before settling at 79,943.71, up 1,436.30 points or 1.83%. Similarly, the Nifty50 closed at 24,188.65, up 445.75 points or 1.88%, after trading between 23,751.55 and 24,226.70 during the day. This marks the second …
The BSE Sensex extended its rally into the second trading session of Calendar Year 2025, surging over 1,300 points or 1.69% as of 2:28 PM on January 2, 2025. Trading at 79,824, the advance-decline ratio heavily favoured advances, with 29 stocks in green and only one in red—Sun Pharma being the lone underperformer. Top Gainers …
