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 …
On November 29, 2024, both the BSE Sensex and Nifty 50 closed higher. The BSE Sensex closed at 79,802.79, up by 759.05 points or 0.96%. Similarly, the Nifty50 also closed at 24,131.10, up by 216.95 points or 0.91%. Sectoral Performance Nifty Pharma and Nifty Healthcare Index were the most gaining sectors with a rise of 2.35% and 2.04%, respectively. …
Mirae Asset Financial Group has successfully acquired Sharekhan in a landmark deal. This strategic move combines Mirae Asset’s global resources with Sharekhan’s well-established market presence, setting the stage for significant growth in India’s retail broking sector. A Strategic Step Forward The acquisition is part of Mirae Asset’s vision to cement its position in India’s retail …
In an unexpected move, the Reserve Bank of India (RBI) announced a 14-day Variable Rate Reverse Repo (VRRR) auction to withdraw Rs 25,000 crore of liquidity from the banking system. This decision comes as the banking sector grappled with a liquidity deficit earlier this week, driven by hefty Goods and Services Tax (GST) payments and …
The Employees’ Provident Fund Organisation (EPFO) plays a crucial role in managing provident fund accounts and claim processes for millions of employees in India. However, with a combined rejection and return ratio of 21.59% reported as of November 26, claimants often face hurdles during the process. Here’s an overview of why claims may be rejected …
