The mineral and non-ferrous metal production sectors in India have demonstrated robust growth in the first half of FY 2024-25 (April-November). This positive trend follows the record production levels of FY 2023-24, with key minerals and metals showing significant increases. The growth reflects the rising demand from crucial sectors like steel, energy, and infrastructure. Surge …
The National Stock Exchange of India (NSE) has introduced a comprehensive framework to reinforce confidence in the securities market. This initiative focuses on equipping brokers with institutional mechanisms to detect and prevent fraud or market abuse effectively. Key Objectives of the Framework The NSE’s updated guidelines aim to: Recommend best practices for trade surveillance. Identify …
In a significant development for taxpayers eligible for the Section 87A tax rebate, the Income Tax Department has announced a key update regarding the financial year 2023-24. On December 31, 2024, the department confirmed that taxpayers who were unable to claim the rebate within the original time frame can now file revised or belated Income …
The Nifty Small Cap 100 Index maintained its upward trajectory, gaining 0.64% on January 2, 2025. After recording an impressive 24% gain in 2024, the index began 2025 on a positive note, rising 1.66% in the first two trading sessions. Market Breadth Strength On January 2, 2025, the advance-decline ratio remained strong, with 72 stocks …
The Nifty Bank Index comprises the most liquid and large Indian banking stocks. It serves as a benchmark for investors and market intermediaries, reflecting the capital market performance of Indian banks. The index includes a maximum of 12 companies listed on the National Stock Exchange of India (NSE). Current Market Performance As of 2:51 pm …
The BSE Sensex and NSE Nifty50 continued their upward trend, gaining over 1.5% on Thursday. The Sensex hit a high of 80,032.87 before settling at 79,943.71, up 1,436.30 points or 1.83%. Similarly, the Nifty50 closed at 24,188.65, up 445.75 points or 1.88%, after trading between 23,751.55 and 24,226.70 during the day. This marks the second …
The BSE Sensex extended its rally into the second trading session of Calendar Year 2025, surging over 1,300 points or 1.69% as of 2:28 PM on January 2, 2025. Trading at 79,824, the advance-decline ratio heavily favoured advances, with 29 stocks in green and only one in red—Sun Pharma being the lone underperformer. Top Gainers …
The NSE benchmark Nifty50 index on January 2, 2025, opened on a positive note and sustained its momentum, reclaiming the crucial psychological level of 24,000. By 2:00 PM, the index was trading 380 points higher at 24,127 (+1.61%), marking one of its sharpest single-day gains in over a month. Broad Market Participation Drives Gains A …
Investors in schemes of the erstwhile Reliance Mutual Fund, now Nippon Life India Mutual Fund, have faced cumulative losses of nearly ₹1,830 crore. The losses stem from the fund house’s investment in AT-1 bonds of YES Bank, which were eventually written down. This information was revealed in a show-cause notice issued by the Securities and …
Ajay Poly Limited has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) to raise funds. The IPO consists of a combination of a fresh issue of shares, up to ₹238 crore, and an offer-for-sale (OFS) of up to 93 lakh equity …
