The capital market regulator, the Securities and Exchange Board of India (SEBI) has proposed to broaden the scope of Unpublished Price Sensitive Information (UPSI) to improve transparency in market disclosures. Through the proposal, SEBI aims to include a range of new events under the UPSI definition, such as proposed fundraising activities, restructuring plans, and one-time …
On Monday, November 11, 2024, the benchmark indices, Sensex and Nifty 50 are expected to open lower followed by weakness in Asian markets. However, at 07:55 AM, Gift Nifty was trading up by 0.03% at 24,125. Previous Trading Session On November 8, 2024, the Sensex dropped 55.47 points, or 0.07%, to close at 79,486.32, while …
On Friday, the National Stock Exchange (NSE) announced a trading holiday on November 20, 2024, in observance of the Maharashtra Assembly elections. According to an NSE circular, trading will be closed during regular market hours, from 9:00 a.m. to 5:00 p.m. However, the evening trading session will remain open from 5:00 p.m. to 11:55 p.m. …
With an influx of low-cost steel imports from China impacting the viability of local businesses, the Indian government has announced plans to extend its steel standards under the Bureau of Indian Standards (BIS) framework. This move, combined with expanded steel classifications, is intended to tighten controls on imported steel and ensure a level playing field …
On November 08, 2024, the benchmark equity indices ended in red. Nifty 50 was down 0.21% and settled at 24,148.20 while Sensex was down 0.07% to 79,486.32. Nifty Bank was down 0.68% to 51,561.20. The volatility indicator Nifty VIX was down 2.45% to 14.57, reflecting a rise in volatility. Sectoral Performance Nifty Realty and Nifty …
Understanding the US Fed Rate Cut’s Impact on India The Federal Reserve recently trimmed its benchmark interest rate by 25 basis points, lowering it to 4.50%-4.75%, in a strategic move to stimulate the economy as inflation cools. Following 2 years of aggressive rate hikes, inflation has moderated from a peak of 9.1% in June 2022 …
On November 8, 2024, the benchmark indices Nifty 50 and BSE Sensex were trading in the red in the afternoon, extending losses for the second trading session in a row. The fall came despite positive global cues — mainly the US Fed slashing interest rates for the 2nd consecutive time. At 01:00 PM, Nifty 50 …
Ananth Narayan, whole-time member (WTM) of the Securities and Exchange Board of India (SEBI), cautioned that a strong focus on commercial objectives by market infrastructure institutions (MIIs) could result in the de-prioritisation of their primary role as regulators and public utility providers. Speaking at the Business Standard BFSI Insight Summit on Thursday, Narayan outlined the …
Introduction to FinNifty The NIFTY Financial Services (FinNifty) is a sectoral index on the National Stock Exchange (NSE) that tracks the performance of India’s financial services sector. Comprising 20 stocks from banks, non-banking financial companies (NBFCs), housing finance firms, financial institutions, and other financial service providers, it offers a comprehensive snapshot of the sector. The …
The S&P BSE Small-Cap Index tracks small-sized companies on the Bombay Stock Exchange (BSE), with 946 companies listed. It is heavily weighted in the financial (6%) and chemical (6%) sectors, followed by pharmaceuticals (5%) and IT, steel, auto ancillary, and infrastructure sectors (4% each). The index has delivered strong performance, up 30% YTD and 46% …
