Ananth Narayan, whole-time member (WTM) of the Securities and Exchange Board of India (SEBI), cautioned that a strong focus on commercial objectives by market infrastructure institutions (MIIs) could result in the de-prioritisation of their primary role as regulators and public utility providers. Speaking at the Business Standard BFSI Insight Summit on Thursday, Narayan outlined the …
Introduction to FinNifty The NIFTY Financial Services (FinNifty) is a sectoral index on the National Stock Exchange (NSE) that tracks the performance of India’s financial services sector. Comprising 20 stocks from banks, non-banking financial companies (NBFCs), housing finance firms, financial institutions, and other financial service providers, it offers a comprehensive snapshot of the sector. The …
The S&P BSE Small-Cap Index tracks small-sized companies on the Bombay Stock Exchange (BSE), with 946 companies listed. It is heavily weighted in the financial (6%) and chemical (6%) sectors, followed by pharmaceuticals (5%) and IT, steel, auto ancillary, and infrastructure sectors (4% each). The index has delivered strong performance, up 30% YTD and 46% …
Indel Money Limited’s latest Non-Convertible Debenture (NCD) offer witnessed robust investor interest, culminating in an oversubscription of 156.51%. Launched as the company’s fifth public issue, this secured and redeemable NCD issue had a face value of Rs 1,000 per unit and was initially aimed at raising Rs 75 crore. The NCD issue, which opened on …
In its November 2024 review, MSCI made adjustments across Indian stocks, impacting both domestic and global indices. These changes, effective November 25, 2024, are expected to draw around $2.5 billion in passive inflows to Indian equities, showcasing the rising influence of Indian stocks in global markets. Changes in the MSCI India Domestic Small Cap Index …
On November 07, 2024, the benchmark equity indices ended in red. Nifty 50 was down 1.16% and settled at 24,199.35 while Sensex was down 1.04% to 79,541.79. Nifty Bank was down 0.77% to 51,916.50. The volatility indicator Nifty VIX was up 1.05% to 15.03, reflecting a rise in volatility. Sectoral Performance All sectors closed in …
An Overview Markets regulator SEBI has amended regulations for REITs and InvITs with regards to dissenting unit holders’ exit options in certain instances, such as acquisition and change of sponsors. Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) are two new investment vehicles. According to two separate circulars issued by SEBI, in such …
Capital markets regulator SEBI has decided to mark a lien in demat accounts against shares of those who take part in tender offers that are made after securities are delisted or on open and buy back offers. Lien is the lender’s right to recover what is lent if the credit given to a borrower is …
On Thursday, October 24, 2024, the benchmark indices, Sensex and Nifty 50 indicated a flat start as Gift Nifty traded almost 0.03% up to 24,496 at 08:03 AM. Previous Trading Session On October 23, 2024, the benchmark indices witnessed a choppy session and settled in the negative territory. The BSE Sensex dropped 138.74 points or …
On Friday, October 25, 2024, the benchmark indices, Sensex and Nifty 50 are likely to open flat amid mixed global market cues. At 08:10 AM, Gift Nifty traded almost flat 0.01% up to 24,459. Previous Trading Session On October 24, 2024, The BSE Sensex dropped 16.82 points or 0.02% to settle at 80,065.16, while the …
