On June 14, Monday, the NSDL website showed three FPI accounts related to Adani enterprises on the frozen account list. Entailing its publication in major news portals, Adani Group’s market capitalisation fell by almost $15 billion. These three Mauritius-based funds together held shares worth around Rs. 43,500 crores in four Adani group companies and are …
Hindenburg report led to a sharp decline in Adani shares The Hindenburg report – the rippling effects it caused led Adani Enterprises to call off ₹20,000 crores FPO. Adani Enterprises stocks suffered a massive loss of 28.45% on February 1, 2023, closing at ₹2,128.70. Following the event, Adani Group announced to call off their ₹20,000 …
The tiny district of Namakkal in Tamil Nadu may not be familiar territory for most Indians staying north of the Vindhyas. But this is the small district in Tamil Nadu where Mr. Natarajan Chandrasekhar, currently CEO of TCS and the next Chairman of Tata Sons, was born. The journey of Chandra has been a meteoric …
The Indian benchmark indices kicked off the week on a positive note, gathering momentum as they progressed. The Nifty closed the week 1% higher at 22,643, while the BSE Sensex surged by 1.28% to end at 74,671. Although these frontline indices recorded healthy gains, the real standout was the Bank Nifty, which stole the spotlight …
Foreign Investors have sold rapidly in the Indian Domestic Market equities during April. The Foreign Portfolio Investors remained bearish on Indian Markets and have sold shares worth Rs.6,300 crores till now in April amid various concerns like the rise in US Bond Yields and tweaks in India’s Tax treaty with Mauritius. Foreign Investors Sell Indian …
Introduction The Securities and Exchange Board of India (SEBI) has announced an extension of cross margin benefits for offsetting positions in derivative markets. Previously, cross margin was allowed for positions in correlated indices or an index and its constituent stock futures when both had the same expiry date. This new development allows cross margin benefits …
Bearish Candles on the Daily Chart On Tuesday, the Bank Nifty formed a back-to-back “open=high” candle, indicating a negative trend. Since the closing price was lower than the opening level, it created a consecutive bearish candle on the daily chart. However, despite these bearish indicators, the index has maintained its pattern of higher highs and …
India VIX, whether termed a volatility index or a fear index, has plummeted over 20% today, dropping from 12.70 to a low of 9.95. Currently hovering around 10.10, it marks a decline of 20.55%. Yesterday saw a 5.65% dip, closing at 12.70 after opening at 13.45. As the Nifty approaches its resistance levels of 22,400-22,500, …
The recent escalation of hostilities between Israel and Iran marks a significant turning point in the Middle East, with far-reaching implications that extend well beyond the immediate geopolitical sphere. As the world’s economies brace for the impact, the Indian market, with its intricate ties to both nations, finds itself at a crossroads and could face …
The Indian benchmark is setting new record highs week after week and has been up by around 28% in the past year and a few of its stocks like Tata Motors and NTPC have more than doubled in the past 1 year, This develops questions in the minds of investors. 2023 Bull Run The year …
