The Bank Nifty has staged a remarkable rally, surging approximately 2,500 points from its November 21, 2024, low. However, this impressive climb has encountered profit booking, as the index dipped by 84 points (0.16%) on November 26. After reaching prior swing highs and testing the gap area from October 3, 2024, the index now faces …
The Nifty Financial Services Index (FINNIFTY) is a key benchmark for India’s financial market performance. It reflects the behaviour of major banks, financial institutions, housing finance companies, insurance firms, and other financial services entities. Comprising 20 listed stocks on the NSE, FINNIFTY is a reliable indicator of financial market trends. Recent Performance of FINNIFTY On …
India unveiled PAN 2.0 on 25 November, with ₹1,435 crore allocated to modernise the PAN/TAN system for enhanced efficiency. The upgraded PAN 2.0 system is designed to benefit people by enhancing the system’s digital infrastructure. PAN Upgrade Features The 10-digit alphanumeric Permanent Account Number (PAN), issued by the Income Tax Department, will be upgraded with …
On November 26, 2024, both the BSE Sensex and Nifty 50 ended lower. The BSE Sensex closed at 80,004.06, down by 105.79 points or 0.13%. Similarly, the Nifty50 also closed at 24,194.50, down by 27.40 points or 0.11%. Sectoral Performance Nifty IT and Nifty FMCG were the most gaining sectors with a rise of 1.07% and 0.84%, …
On November 26, 2024, the Nifty Small-Cap Index surged by 0.80%, outperforming the Nifty50, which declined by 0.15%. This rally marked a recovery of over 900 points from its November 18 lows, helping the index reclaim its 20-day moving average (20-DMA), which it had breached earlier this month. Recent Trends: From Declines to a Potential …
The BSE Sensex began November 26, 2024, on a buoyant note, buoyed by Wall Street’s overnight rally. Investors cheered Donald Trump’s Treasury secretary nominee, which spurred a record-high closing for the Dow Jones. This “Bessent Boost” uplifted sentiment globally, trickling down to the Indian stock market. BJP-Led Mahayuti’s Victory Adds to Market Optimism Domestic cues …
Foreign institutional investors (FIIs) recorded a net purchase of ₹1,157.70 crore in equities on Tuesday, November 26, building on the massive ₹9,947.55 crore inflow the previous day, according to provisional data. This follows the end of a record 38-session selling streak, indicating a continuation of FII buying momentum in Indian markets. DII Sell-Off Intensifies In …
The Indian automotive sector is facing a tough road in the first half of FY25, struggling with declining profits, high inventory, and shrinking margins. While some players bucked the trend, the overall picture shows some major challenges for manufacturers and dealers alike. Profit Decline Show Sector Woes Major companies reported a sharp decline in profits …
As India’s equity market continues to thrive, driven by corporate earnings and market optimism, equity mutual funds have become an attractive investment avenue. With the market exhibiting resilience and growth potential, particularly in key sectors like technology, banking, and consumer goods, equity funds have seen substantial capital appreciation. In this article, we will explore the …
The Securities and Exchange Board of India (SEBI) has rolled out new measures to ensure trading continuity during technical outages at stock exchanges. The initiative has been taken to reduce disruptions and safeguard investor interests during unforeseen technical issues by designating the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) as alternative trading venues …
