Union Minister Nitin Gadkari has unveiled a new nationwide scheme aimed at providing cashless medical treatment for road accident victims. The initiative, set to launch by March 2025, will cover medical expenses up to ₹1.5 lakh for seven days, ensuring timely and efficient care for accident victims. Cashless Treatment and Immediate Support The scheme promises …
Blackstone-backed ASK Investment Managers and Monarch Networth Capital have both applied to the Securities and Exchange Board of India (SEBI) for mutual fund licenses, signalling their intent to expand into the mutual fund market. Monarch Networth Capital filed its application with Sebi on December 31, 2024, while ASK Investment Managers had submitted theirs earlier, in …
On January 7, 2025, the BSE Sensex ended in green closing at 78,199.11, up by 0.30% and the NSE Nifty50 closed at 23,707.90, rising by 91.85 points or 0.39%. Sectoral Performance On Tuesday, Nifty IT ended in the red. Nifty Oil & Gas, Nifty MidSmall Healthcare and Nifty Media ended in green. Nifty Oil & Gas and …
Central banks across the globe added 53 tonnes of gold to their reserves in November 2024, as per the World Gold Council’s (WGC) latest report. The surge in purchases, primarily led by emerging markets, reflects the continued demand for a stable asset amidst economic uncertainties and fluctuating global markets. Key Contributors to Global Gold Purchases …
The Securities and Exchange Board of India (SEBI) has introduced revised settlement norms for brokerage accounts inactive for over 30 days. The new rules aim to enhance operational efficiency and address concerns raised by the brokerage industry regarding stringent timelines for returning client funds. These changes are expected to reduce the procedural burden on brokers …
The Nifty Bank Index is a key benchmark for tracking the performance of India’s most liquid and large banking stocks. It comprises a maximum of 12 companies listed on the NSE. Steepest Single-Day Drop On January 6, 2025, the Nifty Bank witnessed its sharpest single-day fall in the past 4-months. The index plummeted by 1,128 …
The Nifty Smallcap 100 Index is designed to track the performance and behaviour of the small-cap segment within the Indian financial market. Comprising 100 tradable stocks listed on the National Stock Exchange (NSE), it serves as a benchmark for evaluating small-cap stock movements. Sharp Decline on January 6, 2025 On January 6, 2025, the Nifty …
The Nifty Financial Services (FINNIFTY) Index serves as a barometer for the Indian financial market, encompassing a diverse range of financial entities such as banks, financial institutions, housing finance companies, insurance providers, and other financial services firms. The index comprises 20 prominent stocks listed on the National Stock Exchange (NSE), making it a vital indicator …
On January 6, 2025, the benchmark Indian stock indices, BSE Sensex and Nifty 50, are experiencing significant losses due to mixed global signals. By 12 PM, the BSE Sensex had dropped by 1,222.19 points, or 1.54%, to 78,000.92. Meanwhile, the Nifty 50 stood at 23,607.30, down by 397.45 points, or 1.66%. The top gainers and …
On January 6, 2025, the BSE Sensex ended in red closing at 77,964.99, down by 1.59% and NSE Nifty50 closed at 23,616.05, dropping by 388.70 points or 1.62%. Sectoral Performance On Monday, Nifty PSU Bank, Nifty MidSmall Financial Services and Nifty Realty ended in the red. Nifty PSU Bank and Nifty MidSmall Financial Services dropped by over …
