Shares of most of the brokerages have slid over the past year amid volatile markets, slowdown in new client additions and moderation in trading activity in the cash segment. Shares of ICICI Securities and Geojit Financial Services have slid about 37% in the past year. Motilal Oswal, Emkay Global, 5paisa Capital and IIFL Securities have […]
Mumbai, Pune and Hyderabad will be the driving forces in the Indian residential real estate sector’s anticipated continued growth in 2024, according to Housing.com. Its latest report highlights these cities as the epicentres of intensified market activity, poised to significantly shape the sector’s narrative in the upcoming months. The IRIS index (Buy) from Housing.com, a […]
The Indian rupee ended little changed on Tuesday with traders waiting for fresh cues before making substantial bets, while Asian peers remained weak.The rupee finished at 81.9125 per dollar, compared with 81.9050 in the previous session.The currency held an 11 paisa range during the day, with traders citing public sector bank-led dollar bids near 81.90-levels, […]
Reliance Jio has silently launched the “Jio New Year Offer 2024” for prepaid customers. It makes sense because the “plan” isn’t technically brand-new. Jio is basically taking its Rs 2,999 Happy New Year annual recharge plan from last year and giving it a shot in the arm with extended validity without changing the other parametres. […]
The Securities and Exchange Board of India (Sebi) may tighten norms for investment by mutual funds in initial public offerings (IPOs). The guidelines may pertain to the post-allotment allocation of shares to various schemes and the due diligence process to be followed for IPO investments, said two people familiar with the matter. Currently, mutual funds […]
Indian equity indices opened broadly higher on Monday amid positive global cues. The BSE Sensex rose 325.46 pts or 0.54% to 60,947.23 and NSE Nifty 50 climbed 89.00 or 0.49% to 18,116.65. The top gainers of Sensex were Tata Motors (up 1.20%), HDFC (up 1.14%), HDFC Bank (up 1.12%), IndusInd Bank (up 1.06%) and State […]
Foreign portfolio investors (FPIs), who are enjoying a concessional tax rate of 5% on the interest income of rupee-denominated bonds, could be staring at a higher tax outgo after June 30, 2023. FPIs enjoy a lower TDS rate or withholding tax of 5% on the overall interest earned on such bonds issued by Indian firms […]
Indian equity indices opened in the green but within minutes turned red on Tuesday, February 7. The BSE Sensex fell 48.41 pts or 0.08% to 60,458.49 and NSE Nifty 50 slipped 2.30% or 0.01% to 17,762.30. The top gainers on Sensex were IndusInd Bank (up 1.35%), Bajaj Finance (up 0.83%), Bajaj Finserv (up 0.59%), UltraTech […]
SGX Nifty hinted that the domestic equity indices could see a flat start. On the Singapore Exchange, Nifty futures were trading lower, down 8 points, at the 17,251 level. On Wednesday, markets gained as Nifty reclaimed the 17,000 level, while Sensex settled at 57,960, about 350 points. The markets were closed on Thursday on account […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices continued to stagnate on Wednesday, 5 April 2023, keeping costs steady for about ten months now. In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre. In Mumbai, petrol is retailing […]