The Securities and Exchange Board of India (SEBI), the country’s capital market regulator, has unveiled new proposals aimed at streamlining the operations and compliance burdens for custodians. These custodians are entities responsible for managing assets on behalf of foreign portfolio investors (FPIs). The proposed measures are designed to enhance operational efficiency and align with evolving …
On Thursday, November 14, 2024, the benchmark indices Sensex and Nifty 50 are expected to open on a cautious note followed by mixed performance from global markets and a rise in US dollar index. At 08:07 AM, Gift Nifty was trading down by 0.18% at 23,629. Previous Trading Session On November 13, 2024, the Sensex …
How U.S. Inflation and Fed Rate Cuts Could Shape the Indian Market in 2024 In October 2024, the U.S. inflation rate held steady, with the Consumer Price Index (CPI) rising by 0.2% for the fourth month in a row. This steady inflation aligns with market expectations and hints that the Federal Reserve may continue its …
NSE’s Strategic Expansion: 45 New Stocks in F&O Segment The National Stock Exchange (NSE) of India announced on November 13, 2024, the inclusion of futures and options (F&O) contracts for 45 additional stocks, effective from November 29, 2024. This expansion significantly broadens the scope for traders and investors by incorporating high-demand companies such as Life …
On November 13, 2024, The capital market regulator, the Securities and Exchange Board of India (SEBI) proposed that all SEBI-regulated entities using artificial Intelligence (AI) must be fully responsible for all outcomes of its use, regardless of the extent of the AI usage. SEBI Enhancing Investor Protection Lately, the use of AI/ML systems and tools …
In its journey towards rapid growth, quick-commerce startup Zepto is aiming to secure $250 million from high-net-worth individuals (HNIs) and wealth management firms. Key players like Motilal Oswal, IIFL, and InCred are expected to participate, facilitating HNIs to invest in Zepto through wealth management channels. If finalised, this funding round will be Zepto’s third in …
Indian Markets Under Pressure: A Perfect Storm of Global and Domestic Factors The NSE benchmark Nifty50 index has slipped below the 23,400 mark, marking a four-month low. This sharp decline is driven by global economic pressures, sustained foreign institutional investor (FII) selling, and lukewarm quarterly earnings reports. The combined effect of these factors has created …
On November 13, 2024, the benchmark equity indices crashed over 1%. Nifty 50 was down 1.36% and settled at 23,559.05 while Sensex was up 1.25% to 77,690.95. Nifty Bank was down 2.09% to 50,088.35. The volatility indicator Nifty VIX was up 5.03% to 15.33, reflecting a rise in volatility. Sectoral Performance All the sectors closed …
Balmer Lawrie & Co. Ltd, a diversified Miniratna I Public Sector Enterprise under the Ministry of Petroleum and Natural Gas, has signed an agreement with M/s GATX India Pvt. Ltd, the largest private railcar lessor in India. The partnership involves leasing three rakes of BFNS 22.9t wagons for the transportation of finished steel products from …
Since the inception of the Insolvency and Bankruptcy Code (IBC) 8 years ago, India has witnessed significant progress in resolving corporate debt and revitalising distressed businesses. In the September 2024 quarter, 63 companies successfully avoided liquidation through resolution plans, contributing to a total of 121 firms saved from insolvency this financial year. This post examines …
