Both the BSE and the NSE have received clearance from the Securities and Exchange Board of India (Sebi) to set up social stock exchanges (SSEs) as a separate segment recently. Ashley Coutinho takes a look at how this will help create an ecosystem for social investing in the country What is the genesis of social […]
Broking firm Motilal Oswal has suggested buying the stocks of Maruti Suzuki, Eicher Motors and Tata Motors with significantly high targets. Here are some of the reasons it is positive on these stocks. Maruti Suzuki The company’s Dec’22 wholesales were in line with MOSL’s own estimates of 139.35k units, which was a decline of 9% […]
The rupee rebounded by 34 paise to close at a month high against the US dollar on Friday amid domestic equity indices surging to record high levels and losses in crude oil prices.FII inflows into local equities and the greenback trading near one-month low levels also bolstered the rupee sentiment, analysts said. At the interbank […]
The board of IRB Infrastructure Developers on Wednesday approved the split of existing equity shares with face value of Rs 10 per share into 10 shares with face value of Re 1 per share. Virendra Mhaiskar, chairman and managing director, said the company had decided to effect the stock split as it approached 25 years […]
Asian stocks struggled to come off two-month lows on Wednesday and the safe-haven dollar was firm as concerns about rising interest rates and slowing global growth kept the mood downbeat, while markets waited on economic data to chart the course ahead. MSCI’s broadest index of Asia-Pacific shares outside Japan touched its lowest since early January […]
Large listed domestic companies with an active ESG (environmental, social and governance) framework have performed better than their broad market counterparts even during extreme market events like the pandemic shocks, says an RBI study. The RBI study of 18 economies with such frameworks, indicate that investors reward pro-climate and pro-socially oriented companies. Also Read: Banks’ […]
Indian benchmark indices are likely to open on a muted note, hinted SGX Nifty. Amid positive global cues, Nifty futures traded marginally lower at 18031 level on the Singapore Exchange. In the previous session, BSE Sensex fell 304 pts to 60,353, while NSE Nifty 50 slipped below the psychological level of 18,000. “Markets have corrected […]
By Shrikant Chouhan The benchmark indices witnessed profit booking at higher levels, following a volatile intraday session, the Nifty ended 35 points lower and the BSE Sensex fell 145 points. Among sectors, some buying interest was seen in Metal stocks while intraday profit booking was seen in selective IT and Media stocks. Technically, after three […]
Jumbo Finance Ltd on Wednesday settled with Sebi a case on violation of regulatory norms in respect of equity shares issued by the company on a preferential basis after paying Rs 44.2 lakh towards the settlement fee.This came after the company proposed to settle the proceedings initiated against it, “without admitting or denying the findings” […]
Oil prices drifted lower in early trade on Monday, thinned by the Lunar New Year holiday in east Asia, but held on to most of last week’s gains on the prospect of an economic recovery in top oil importer China this year. Brent crude futures retreated by 46 cents, or 0.5%, to $87.17 at 0031 […]