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Market Updates - Angel One

Nifty IT Index Hits Fresh 52-Week High: What’s Behind the Rally?

Nifty IT Index Hits Fresh 52-Week High: What’s Behind the Rally?

15 July 2024

Recent Surge in the Nifty IT Index The Nifty IT index has emerged as a top performer in Monday’s trade, witnessing significant gains throughout July. With a notable 8.5% increase so far this month, the index has reached new heights. On Monday, it hit a record high of 39,567, surpassing the previous peak of 39,446 …

Why Foreign Investors Are Betting Big on India in July

Why Foreign Investors Are Betting Big on India in July

15 July 2024

Foreign portfolio investors (FPIs) continued their positive momentum in July, marking the second time this year that equity inflows outpaced debt inflows. According to NSDL data, investors net bought shares worth Rs 15,352 crore by July 12, bringing the total net inflows to nearly Rs 42,000 crore. Year-to-date, net purchases reached Rs 18,553 crore, despite …

Young Investors’ Market Share Soars from 54% in 2018 to 69% in 2024

Young Investors’ Market Share Soars from 54% in 2018 to 69% in 2024

15 July 2024

Youth Dominates the Indian Stock Market: A Demographic Shift The landscape of the Indian stock market is undergoing a significant transformation, with younger investors increasingly taking the helm. According to the National Stock Exchange’s (NSE) Market Pulse Report for June, which includes data from May, over four out of every ten investors are under 30 …

NSE Tightens Criteria for Securities Eligible as Collateral for F&O Trading

NSE Tightens Criteria for Securities Eligible as Collateral for F&O Trading

12 July 2024

In a significant move to enhance market integrity and liquidity, the National Stock Exchange (NSE) has announced new criteria for securities eligible as collateral in the futures and options segment. Starting August 1, over 1,000 securities will no longer qualify under the tightened guidelines set by NSE Clearing Ltd. This change is expected to impact …

RBI Allows The Opening of Foreign Currency Accounts in GIFT  City

RBI Allows The Opening of Foreign Currency Accounts in GIFT City

11 July 2024

In a move aimed at bolstering international financial transactions for Indian residents, the Reserve Bank of India (RBI) has recently expanded the scope of its Liberalised Remittance Scheme (LRS) to include transactions through India’s premier International Financial Services Centre (IFSC) – GIFT City. Under the revised guidelines, individuals can now remit up to $250,000 abroad …

Foreign Portfolio Investors Continue Buying Streak for Fifth Consecutive Day

Foreign Portfolio Investors Continue Buying Streak for Fifth Consecutive Day

10 July 2024

Foreign investors have maintained their net buying position in Indian equities for the fifth straight session. Foreign portfolio investors (FPIs) purchased stocks worth Rs.314.5 crore, according to provisional data from NSE. Domestic institutional investors (DIIs) also remained net buyers for the second session, acquiring equities worth Rs.1,416.5 crore. Inflows and Market Performance This month, FPIs …

Nifty PSU Bank Climbs 1.44%: What’s Next for Nifty PSU Bank?

Nifty PSU Bank Climbs 1.44%: What’s Next for Nifty PSU Bank?

9 July 2024

Tuesday marked a significant milestone for the NSE benchmark Nifty50 index, which hit a fresh all-time high, comfortably trading above the 24,400 mark, up by 0.48%. This remarkable achievement was supported by a broad-based rally, with most sectoral indices trading in the green. Leading the charge were Nifty Auto and Nifty PSU Bank, showcasing strong …

Technical Glitch in MCX Delays Trading Session

Technical Glitch in MCX Delays Trading Session

9 July 2024

The Multi Commodity Exchange of India Limited (MCX) is a premier commodity derivatives exchange based in India. Established in 2003, it is regulated by the Securities and Exchange Board of India (SEBI). MCX provides a platform for trading a wide range of commodity derivatives, including bullion, energy, base metals, and agricultural commodities. Known for its …

SEBI Extends Deadline for Annual Document Submission for Stock Brokers to Oct. 31

SEBI Extends Deadline for Annual Document Submission for Stock Brokers to Oct. 31

5 July 2024

This extension provides stock brokers with additional time to ensure all necessary documents are accurately prepared and submitted. Stock brokers can now take advantage of this extended deadline to carefully review their financial statements, compliance reports, rules and regulations, and other required documentation to ensure they are in full compliance with SEBI regulations. This extra …

SEBI Reduces Minimum Debt Investment to Rs 10,000 for Retail Investors

SEBI Reduces Minimum Debt Investment to Rs 10,000 for Retail Investors

4 July 2024

The Securities and Exchange Board of India (SEBI) has significantly reduced the ticket size or face value of debt securities from Rs 1 lakh to Rs 10,000. This change aims to boost retail investor participation in the corporate bond market. Market Impact Market participants have long desired a lower ticket size for debt securities, which …

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