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Market Updates - Angel One

Understanding Share Buyback Amid NIIT’s Buyback Program Beginning April 12

6 April 2021

NIIT’s Board of Directors had approved the company’s buyback plan. Investors can surrender their current holding of NIIT shares for a price of Rs 240, offered at a premium to the current market price. The decision was taken on December 24, and the skill and talent development company has received all required approvals from SEBI …

NIIT Shares Rallied After Company Announces Buyback On April 12, 2021

5 April 2021

NIIT share price rallied 19.98 percent to gain Rs 27.55 and closed on Rs 165.45 ahead of the buyback news. The company announced its plans to buy back shares from existing shareholders, beginning on April 12. In a letter submitted to the BSE, NIIT mentioned that it had received all necessary approvals from the market …

Will data breaches impact company stock price?

5 April 2021

As an increasing number of people move online for work, play and transactions, cases of data leaks have also increased. Just recently, data of 553 million Facebook users from across the globe including India were leaked; details such as Facebook ids, phone numbers, email addresses, personal information such as dates of birth were leaked. Over …

Sensex gains 68 per cent, highest in 11 years

5 April 2021

In a year that saw the Covid-19 pandemic impact every sector, the stock markets have not just stood strong but offered impressive returns. As the financial year 2020-21 came to an end on March 31, the benchmark index Sensex posted the largest ever gain of 68 per cent in 11 years. In FY2010, the Sensex …

India inflation cause for concern: Moody’s Analytics

31 March 2021

India’s inflation has been a cause for concern, according to a recent Moody’s Analytics report which says inflation is “above comfort levels” in India. The report also noted that Asian economies barring China have shown some sort of inflation-related worries. Moody’s Analytics further noted that the rise in retail inflation to 5 per cent in …

Will Indian retailers survive another wave of Covid-19?

30 March 2021

As the second wave of Covid infections grip several states in the country, what does it look like for the retail sector? In February, as Covid infections dropped from the September 2020 levels, the Indian retail sector heaved a sigh of relief as sales figures came in. The Retail Business Survey showed that February sales …

Will rising Covid cases have a bearing on the stock markets?

24 March 2021

A year after the first lockdown was imposed in India, the country has seen a rise in the number of cases yet again, indicating that this is the dreaded second wave of Covid-19 infections. On Wednesday, India registered 47,262 Covid-19 cases and 275 fatalities, taking the tally of infections to 11,734,058 and the death toll. …

SEBI aims to boost quality of PMS, investment advisories and analyst firms

22 March 2021

Market regulator SEBI has brought in new qualification norms for portfolio managers, research analysts and investment advisors in a recent notification. According to the SEBI norms issued last week, SEBI will recognise post-graduate programme in the securities market of at least a year offered by the National Institute of Securities Markets (NISM) as the qualification …

Indian rupee emerges best Asian performer this month

22 March 2021

India’s rupee has been the only Asian currency to gain in March, growing 1.3 per cent on the back of foreign buying of domestic stocks worth $2.4 billion. This includes inflows into initial public offerings (IPOs). Data shows that nine offers of share sales amounting to Rs 59 billion this month has bulked up the …

Utilities sector: Why and how does it matter

16 March 2021

The BSE Utilities Index has posted an impressive performance in the fiscal year 2021 – the index has gained by more than 60 per cent in FY21. The index had fallen over 30 per cent back in the financial year 2020, according to the BSE. Analysts attribute this performance to investors partaking in the rally …

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