The last few years have seen an increase in the number of SME firms migrating to the mainboard of the stock exchanges. Fifty seven SME firms migrated to the mainboard in CY22. In the last three years, 176 firms witnessed that kind of migration. This accounts for 62% of the total 280 companies that have […]
Banks have become the single largest borrowing source for non-banking financial companies (NBFCs) and the rising interconnectedness between the two sets of lenders may pose contagion risk going ahead, Reserve Bank of India (RBI) deputy governor (DG) Swaminathan J said in a panel discussion at State Bank of India’s (SBI) 2023 banking conclave on Thursday. […]
The rupee appreciated 19 paise to close at 82.51 (provisional) against the US dollar on Wednesday after the Reserve Bank of India (RBI) hiked the repo rate by 25 basis points. A rally in the domestic equity markets and weakness in the greenback against major crosses overseas also supported the rupee, forex traders said. At […]
While initial public offerings (IPOs) worth Rs 79,000 crore have received regulatory nod over the past year, merchant bankers say only the bigger ones might make it to the markets over the next few months. With the secondary markets very choppy, there were virtually no IPOs in January and February. Merchant bankers point out that […]
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate is trading flat on Wednesday despite positive global cues, while the silver rate is down 0.3%. On Multi Commodity Exchange, gold April futures were trading at Rs 55,773 per 10 grams, down Rs 57 or 0.1%. Silver May futures were trading lower by Rs […]
Foreign institutional inventors (FII) bought shares worth a net Rs 372.16 crore while domestic institutional investors (DII) purchased shares worth a net Rs 926.45 crore on Wednesday, December 14, 2022, according to the data available on NSE. For the month till December 14, FII sold shares worth a net Rs 4,803.87 crore while DII bought […]
By Rajesh Palviya In Nifty’s current series, a Short Covering has been witnessed with increase in price of 0.98% and decrease in OI by -3.69% as of Wednesday wherein there was shedding of 3.79 lakh shares in OI, decreasing from 102.68 lakh to 98.99 lakh shares. Nifty 50 current month rollover stands at 17.15%, while […]
Capital markets regulator SEBI has not concluded any wrongdoing in its application to the country’s top court, seeking six more months to complete a probe into allegations against Adani Group, the conglomerate run by billionaire Gautam Adani said. The Supreme Court had on March 2 asked Securities and Exchange Board of India (SEBI) to conclude […]
The SGX Nifty is trading flat, mildly in the green, higher by 8.5 points. Nifty futures on the Singaporean exchange are at the 17,725 level, indicating a positive start for the domestic equity indices, BSE Sensex and NSE Nifty. On Friday, the Indian share market was closed on account of the Good Friday holiday, however, […]
By Nuvama research Leading highway developer Ashoka Buildcon has entered into an agreement with NIIF to sell 74% of its economic interest in the Jaora Nayagaon (JTCL) toll project. The JTCL transaction along with the earlier deals to sell stake in five toll and one annuity project will simplify the corporate structure and reduce leverage […]