Shares of holding company stocks, including Bombay Burmah, Bajaj Holdings, and Pilani Investments, saw gains of up to 20% today. This surge follows the announcement by SEBI of a new framework for special call auctions aimed at better price discovery for such companies. SEBI’s New Framework SEBI’s circular noted that many holding companies are infrequently …
Foreign Institutional Investors have re-entered their buying mode in the Indian Stock Market and are back to buying mode, making a positive shift in investor sentiment following the national elections that ended earlier this month. Over the past 3 days, FIIs have made significant purchases in Indian equities, signaling a renewed confidence in the country’s …
One of the top-performing sectors on Thursday was Nifty Metal. The Nifty Metal index gained 1.82%, and with the exception of Adani Enterprises, all other constituents of the metal index closed the session in green. This strong move reversed the losses from Wednesday when the index fell by 1.18%. Rebounding from Wednesday’s Losses On Wednesday, …
On the weekly expiry, the NSE benchmark Nifty50 index opened the session on a positive note. However, soon after opening, a minor kneejerk reaction was seen in the Nifty50 index. After the initial volatility, the index inched higher to reclaim the important level of 23,600. However, the absence of buying interest at higher levels led …
The Goods and Services Tax(GST) Council is preparing to deliberate on potential tax relief measures for road and highway developers. The discussion is scheduled for June 22 and may lead to a clarification regarding the hybrid annuity model. It is expected that the council will propose changes to the current invoice rules, and the applicability …
Foreign investors have funneled $10 billion into Indian government bonds since JPMorgan Chase & Co. announced the inclusion of these securities in its widely followed bond index. This significant inflow of foreign capital exhibits the growing confidence in India’s financial markets and the potential for stable returns. JPMorgan’s Game-Changing Announcement On September 21, 2023, JPMorgan …
The Nifty Bank, an index comprising India’s top 12 banking stocks, experienced a significant rally on Wednesday, climbing over 1,000 points to reach a new record high. This surge was primarily driven by heavyweight private sector lender HDFC Bank. The index hit an intraday peak of 51,957, surpassing its previous record of 51,133 set on …
On Wednesday, Bank Nifty witnessed a significant surge of over 1200 points, or 2.49%, hitting a fresh all-time high. The previous all-time high was recorded on June 3, 2024, and almost 11 trading sessions later, Bank Nifty has set a new record. The Consolidation Phase Before this impressive move, Bank Nifty traded within a tight …
On Tuesday, NSE Indices Ltd., a subsidiary of the National Stock Exchange Ltd., launched a new thematic index called Nifty India Tourism. This index is designed to monitor the performance of stocks related to the travel and tourism sector from the Nifty 500. Currently, this index comprises 17 stocks, Nifty India Tourism will undergo semi-annual …
The RBI and SEBI have collaborated to mitigate the risks associated with the surging retail participation in the equity futures and options (F&O) market. This joint effort aims to address concerns about the financial well-being of individual investors, many of whom have incurred significant losses. Surge in Retail Participation Recent data from SEBI reveals a …
