NSE 500 provides a broader picture of Indian equity markets, representing 91.8% free-float market capitalisation. An analysis of P/E, a valuation metric constituent of this NSE 500 gives a broader understanding of India’s equity markets’ expensiveness. With 33% of NSE 500 constituent trading in the P/E range of 50 -100 in August 2024 versus merely …
The Defence Acquisition Council (DAC), led by Defence Minister Rajnath Singh, has given a go ahead to a series of substantial procurement proposals amounting to Rs.1,44,716 crore. This approval, which covers ten capital acquisition proposals, is a move towards modernizing India’s Armed Forces and boosting the capabilities of the Indian Coast Guard. Key Procurement Approvals …
India is among the largest consumers of gold in the world. Hence any new development in the bullion industry attracts immediate attention. One of the most recent events was the announcement of a new regulatory body and framework for the bullion industry. The Indian bullion industry has recently announced the creation of a self-regulatory body, …
Tuesday proved to be a turbulent day for the Indian stock markets, with both the Sensex and Nifty witnessing a significant downturn. Each of these benchmark indices lost approximately 0.90%, sending ripples of concern through investors. However, the most notable impact was observed in the Nifty Bank Index, which faced a strong sell-off, primarily driven …
Morgan Stanley Capital International is the primary name of MSCI. This investment research company offers institutional investors and hedge funds stock indexes, portfolio risk and performance analytics, and governance tools. The benchmark indexes that MSCI is most well-known for are the MSCI Frontier Markets Index and the MSCI Emerging Markets Index. Every year, the company …
Sebi has taken a significant step to protect investors from misleading financial advice by cracking down on unregulated financial influencers, or ‘finfluencers’. The securities regulator has removed over 15,000 content sites created by these influencers in the past three months alone. This action aligns with Sebi’s decision in July to prohibit regulated entities from associating …
The Securities and Exchange Board of India (SEBI) has proposed a significant regulatory change that would mandate Qualified Stock Brokers (QSBs) to offer their clients the facility of trading in the secondary market using the UPI-based block mechanism. This mechanism is similar to the Application Supported by Blocked Amount (ASBA) facility currently used in the …
Big changes are coming to the Nifty 50 index, with Bharat Electronics Ltd. (BEL) and Trent Ltd. stepping in to replace Divi’s Laboratories Ltd. and LTI Mindtree Ltd. from September 30, 2024. This is part of the National Stock Exchange’s (NSE) semi-annual review, and it’s a major shakeup for the index. BEL, a state-owned defense …
On August 10, 2024, Hindenburg Research, a US-based short seller firm, made a fresh allegation involving Adani Group and the SEBI Chairman, Madhuri Buch. The firm alleged that SEBI chairperson Madhabi Puri Buch and her husband Dhaval Buch had a stake in obscure offshore entities used in Adani’s ‘money siphoning scandal’. Joint Statement by Madhabi …
The Securities and Exchange Board of India (SEBI) has fined Nippon Life India Asset Management Ltd (AMC) (AMC) and Nippon Life India Trustee Ltd for violating regulations related to Total Expense Ratio (TER) charging. The regulator fined the AMC ₹2 lakh and the trustee ₹1 lakh for charging TER of various schemes to the AMC’s …
