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Market Updates - Angel One

SEBI boosts investor faith as fund managers to get 20 pc pay via MF units

1 May 2021

Market regulator Securities and Exchange Board of India (SEBI) has recently directed that senior management of asset management companies (AMCs) will be paid 20 per cent of their compensation by way of scheme units in which they have played a role or have overseen. If AMCs consider paying 20 per cent, according to SEBI’s circular, …

RBI to Undertake A Parallel Buying And Selling Of Government Securities

1 May 2021

The Reserve Bank announced on Wednesday that on March 18, 2020, it will conduct simultaneous purchases and sales of government securities worth a total of ten thousand crores under Open Market Operations (OMOs). RBI said in a statement announcing the special OMO that the decision was made after an analysis of existing liquidity and financial …

Future looks bleak for film industries in India

1 May 2021

Overview From being permitted to operate at full capacity in February to being forced to close their doors on April 14, Indian cinemas are once again dealing with confusion. With most theatres expected to remain closed until May 15 in most parts of the nation, the outlook for the entire film industry, which relies heavily …

Bajaj Auto’s New Chairman, Niraj Bajaj

1 May 2021

Overview Rahul Bajaj, the chairman of Bajaj Auto, resigned from his executive position on Thursday, April 29. With effect from May 1, 2021, Niraj Bajaj, a non-executive director of the company, will take over as Chairman of Bajaj Auto, succeeding Rahul Bajaj. Rahul Bajaj has submitted his resignation as non-executive Director and Chairman of the …

Zomato Heads For A D-street Debut; Check Out The Important Facts

29 April 2021

India’s startup unicorn Zomato filed a draft with SEBI for India’s largest IPO so far worth USD 1.1 billion (Rs 8,250 crore), ushering a new age into India’s market. According to reports, the company will issue fresh shares worth Rs 7500 crores when its major stakeholder Edge India offloads stakes of Rs 750 crore. The …

Sensex Reclaims 50k Mark Amidst Strong Global Cues, Buying by Domestic Institutional Investors

29 April 2021

The sensex jumped over 600 points in early trade on Thursday to breach the 50k mark after nearly a month. Sensex had last touched 50k on April 1st, followed by a steady slide triggered by a devastating second wave of coronavirus across India that has seen daily cases cross the 3.8 Lakhs mark. The benchmark …

India’s robustness in equities and bonds is being impaired by increasing defaults

29 April 2021

Overview In the wake of India’s unprecedented surge in pandemic events, credit markets are issuing cautionary statements for other asset groups. This year, companies have defaulted on at least Rs 5,700 crores ($763 million) in domestic bonds, the highest amount for a comparable time on record. Traders are anticipating more. They’ve driven the gap between …

Feds retain low-interest rates amidst recovery

29 April 2021

The pandemic took a hit on the population and businesses alike, which in turn led to an economic slowdown in the US. However, with several catalysts like the vaccination drive, lockdowns, and preventive measures, things have started to fall in place once again. All things considered the US economy looks well set to convalesce.  With …

Fed committee takeaways: Near-zero interest levels; rising economy

29 April 2021

The Federal Reserve has decided to maintain its accommodative stance on monetary policy, even while it has noted that the economy is regaining strength and inflation has risen. The main refinancing rate has been maintained between 0 and 0.25 per cent. The Fed has ensured that short-term interest rates are near zero even while it …

The new rise of the yellow metal: Gold

28 April 2021

The year of 2021 has given gold a volatile ride characterised by a high of $1,959 per ounce as recorded on January 6, 2021 and as opposed to this, a low of $1,676.01 per ounce on March 8, 2021 and yet again a low of $1,677.61 as recorded on March 31, 2021. Spot gold (or …

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