In the run-up to the Union Budget 2022, BSE Sensex and Nifty 50 have been trading volatile. In the week so far, BSE Sensex has lost over 4 per cent to day’s low of 56,628.36, while NSE Nifty 50 index plunged 3.7 per cent to trade at 16,921. On the Union Budget 2022 day, 1st […]
The eagerly awaited Mangaluru-Madgaon semi-high-speed Vande Bharat Express completed its successful trial run on Tuesday, 26th December. The train was flagged off from Mangaluru Central Railway Station at 8:30 AM in the presence of dignitaries like Dakshina Kannada MP Nalin Kumar Kateel, local MLAs, and railway officials. The trial run covered a distance of 319 […]
Elin Electronics IPO opened for public subscription today, 20 December, and it will remain open for bidding till 22 December 2022. The company has fixed the IPO price band at Rs 234-247 per equity share and the company aims to raise Rs 475 crore from this public offer A bidder will be able to apply […]
Mumbai-based Godrej Properties share price jumped 8.37% to an intraday high of Rs 1,219.5 per share today on the back of positive March-quarter results. The real estate developer posted its best ever quarter in terms of sales bookings. Nifty Realty also gained 3.6% as Godrej Properties buoyed the index. The stock’s 52-week high is at […]
Chief economic adviser V Anantha Nageswaran and his team are right in calling out the high degree of opaqueness in credit rating methodologies. In a document titled Re-examining Narratives: A Collection of Essays, published by his office, Nageswaran makes the point that the lack of transparency in the assessment methods of the agencies makes it […]
By Shivangi Sarda Nifty index opened positive on Wednesday but failed to hold above 17130 zones and cascaded down throughout the session. Weakness got a tailwind in the second half of the session after the RBI Statement and the index breached its crucial support zones to touch the intraday low of 16623 levels. It formed […]
Sebi on Friday came up with guidelines related to performance reporting and benchmarking by portfolio managers. Managers have to adopt equity, debt, hybrid and multi-asset strategies. A portfolio manager may tag more than one investment approach (IA) to a strategy, but each IA must be tagged to only one strategy. Industry body Association of Portfolio […]
The Central Railway has commenced the use of the fog safety device for the safety of train operations during the winter season which has brought with it an intense fog spell. The device will help loco pilots when the signal visibility is poor, The Indian Express reported. This will allow for safer functioning by reducing […]
India saw a record number of new investors after the share market rallied followed by COVID-19 pandemic fall. The total number of demat accounts more than doubled in nearly 20 months by November 2021 from March 2020, when the pandemic hit. This year, the stock market fell from all-time highs, and began consolidating. In an […]
U.S. stocks were set to open lower on Wednesday as Treasury yields rose on growing expectations that the Federal Reserve could keep interest rates higher for longer, while mixed earnings from regional banks and weakness in Tesla further dented sentiment. Tesla Inc dropped 2.9% in premarket trading after the electric-vehicle maker cut prices on some […]
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