BSE Sensex and NSE Nifty 50 erased all the opening gains and slipped into red on Thursday, a day of weekly F&O expiry. Index heavyweights such as Reliance Industries, ICICI Bank, HDFC Bank, Housing Development Finance Corporation (HDFC), and State Bank of India, among others, contributed the most to the indices’ loss. In the trade …
X, previously known as Twitter, has quietly rolled out the long-anticipated feature of audio and video calls for its users. Although an official announcement is yet to be made, this development comes on the heels of a cryptic teaser from X owner Elon Musk. He wrote “ready for it…?” soon after the notification started showing …
US stock markets have soared higher in the last one week since the US Federal Reserve hiked interest rates by another 75 basis points. NASDAQ has zoomed 10% while S&P 500 is up more than 5% and Dow Jones has soared 3%. However, Lisa Shalett, Chief Investment Officer, Morgan Stanley Wealth Management is questioning whether …
By Aishvarya Dadheech BFSI is presenting a unique investment opportunity as market participants panic about severe post COVID impact. The market is expecting a huge impact on asset quality due to the economic slowdown, job losses and stress on SME/MSME. However, a lot of this pessimism is already priced in. One should invest in BFSI names …
By Ashley Coutinho The Securities and Exchange Board of India (Sebi) plans to define outer limits for the life of close-ended alternative investment funds (AIFs). The regulator is also in favour of putting a cap on the extensions that can be taken by large value funds (LVFs), which pool in money from accredited investors. “Today, …
BSE Sensex and NSE Nifty 50 were trading half a per cent up on Wednesday, a day before weekly F&O expiry. Stocks of index heavyweights such as Reliance Industries (RIL), Bajaj Finance, Hindustan Unilever (HUL), Infosys, and Bajaj Finserv contributed the most to the indices’ gain. Amid today’s up move, S&P BSE Sensex soared past …
The Indian rupee is expected to trade in a rangebound manner on Wednesday amid weak inflation data in India, rally in regional currencies, risk assets and lower crude oil prices. Annual inflation rate in the country edged lower to a five-month low of 6.71% in July of 2022 from 7.01% in June, compared to market …
The Initial Public Offer (IPO) of airport service aggregator platform DreamFolks Services got fully subscribed within hours of opening on Wednesday and ended the day with 1.96 times subscription. The IPO received bids for 1,85,76,916 shares against 94,83,302 shares on offer, according to data available with the NSE. The category for Retail Individual Investors (RIIs) …
Stock exchange clearing houses mark settlement holiday on Tuesday, 16 August 2022, on account of Parsi New Year. On settlement holiday, trading in equity markets takes place as usual, but clearing and settlement remain shut for Payin and Payout of stocks and funds. It may be noted that the trading holiday is different from the …
By Ashley Coutinho Despite some early wobbles, shares of companies in which ace investor Rakesh Jhunjhunwala held sizeable stakes remained steady on Tuesday, the first day of trading since his demise. Star Health and Allied Insurance and Metro Brands were down 1% and 0.5% in early trade before ending the day 0.5% higher and 1% …