The NSE benchmark Nifty50 index witnessed its sharpest single-day fall on January 6, 2025, since November 3, 2024. As of 2:16 PM, the index was down by 1.6% or 381 points, trading at 23,622. The market sentiment leaned heavily towards decliners, with 45 stocks in red and only 5 stocks in green. Top Movers: Who …
India is gearing up to strengthen its electronics manufacturing sector with a Production Linked Incentive (PLI) scheme worth ₹25,000 crore, aimed at boosting domestic production of key electronic components. According to a CNBC-TV18 report, the Finance Ministry has already approved the proposal, and the Ministry of Electronics and Information Technology (MeitY) is set to seek …
The Saarthi app serves as a robust companion to its website, seamlessly extending its functionality while offering an enriched and user-friendly experience. Boasting a sleek design and intuitive navigation, the app is designed to empower investors by providing a wealth of resources and tools. Saarthi App by SEBI In January 2024, the Indian financial markets …
On January 3, 2025, Indian equity markets closed the week in the red. The BSE Sensex fell 720.60 points (0.90%) to settle at 79,223.11, trading within the range of 80,072.99 and 79,147.32. Similarly, the NSE Nifty50 lost 183.90 points (0.76%) to end at 24,004.75 after hitting a day’s high of 24,196.45 and a low of …
The capital market regulator, the Securities and Exchange Board of India (SEBI) has dismissed the allegations against Karvy Capital Ltd (KCL) and its three directors—Ajith Bhaskaran, Hitungshu Debnath, and K.P. Jeewan. These allegations related to violations of provisions under the SEBI (Alternative Investment Funds) Regulations, 2012. Specifically, the charges claimed that KCL, as the sponsor …
The Securities and Exchange Board of India (SEBI) has issued an interim order cum show-cause notice (SCN) in a ₹65.77 crore front-running scam. The scam revolves around Ketan Parekh, a previously banned stock market operator, and Rohit Salgaonkar, a Singapore-based trader. Both allegedly exploited non-public information (NPI) related to trades by a major US-based fund …
The BSE Small-Cap Index represents the bottom 15% of the Bombay Stock Exchange’s market capitalization. The BSE Small-cap index constituents are facing selling pressure amid muted earnings, inflation concerns, and persistent foreign institutional investor (FII) outflows. Covering 946 small-cap companies with a market capitalization of Rs 7.42 lakh crore, the index has declined 4.21% over …
The combined Index of Eight Core Industries (ICI) demonstrated robust growth, increasing by 4.3% in November 2024 compared to November 2023. Positive contributions from Cement, Coal, Steel, Electricity, Refinery Products, and Fertilisers drove the index upward, underscoring the strength of India’s core industrial sectors. The Eight Core Industries – Coal, Crude Oil, Natural Gas, Refinery …
In 2024, the Department of Investment and Public Asset Management (DIPAM) achieved significant milestones in its mission to create value for investors, optimise public asset management, and ensure efficient financial planning. The department’s efforts reinforced its strategic approach toward Central Public Sector Enterprises (CPSEs), capital markets, and economic growth. Strong Growth in CPSE Indices Since …
Neilsoft Ltd, an engineering services and solutions (ER&D) company, plans to raise funds through an IPO consisting of a ₹100 crore fresh issue and an ₹80 lakh offer-for-sale. Proceeds will be used for capital expenditure and corporate purposes. Neilsoft IPO Overview Neilsoft Ltd, an engineering services firm backed by Fujita Corporation, has filed its Draft …
