Indian equity indices concluded the day in deep red. The Sensex closed below 61,800 while the Nifty settled below 18,420. Meanwhile, Bank Nifty after touching a new high in the previous session, fell 1.25% today. The top gainers of the Nifty 100 were GODREJCP (up 1.79%), Gail (up 1.15%), Britannia (up 1.14%), Hero Motocorp (up […]
The retail industry has been through dramatic changes in recent years driven by Covid-19 and rapidly changing consumer tastes. With the height of the pandemic largely behind us, retail businesses have been focused this year on restoring profit margins and bracing for what is sure to be an unpredictable economy next year. Big challenges are […]
Domestic insurers, led by Life Insurance Corporation of India (LIC), stepped up equity purchases last year amid relentless selling by foreign portfolio investors (FPIs), especially in the first half. Domestic institutional investors (DIIs) shopped for equities worth Rs 2.75 trillion last year, a historical high. Of this, close to Rs 90,000 crore of net buying, […]
Indian share market is likely to open on a positive note on the week’s last trading day, hinted SGX Nifty. On the Singapore Exchange, Nifty futures traded higher at 17688 level. In the previous session, BSE Sensex gained 224 pts to 59,932, while NSE Nifty 50 fell 6 pts to 17,610. “Participants were anticipating some […]
By Sameet Chavan We had a flat start to the monthly expiry session on Thursday, taking mixed global cues into consideration. In the initial hour, the market surged a bit to challenge the 15900 mark. However, once again bulls became nervous at higher levels, which resulted in some profit booking to wipe off gains. During […]
To strengthen the state’s economy and transform it into a prominent financial services hub, the Uttar Pradesh government has initiated the bidding process for a 100-acre fintech park in Noida. Economic development agency Yamuna Expressway Industrial Development Authority (YEIDA) has released the request for proposal (RfP) document, seeking a feasibility study and detailed project report […]
The SGX Nifty signaled that domestic benchmark indices NSE Nifty and BSE Sensex might open in the green, as Nifty futures traded 28 points higher at 17,787 on the Singaporean exchange. Benchmark indices NSE Nifty and BSE Sensex ended Monday’s session broadly in green. The Nifty 50 jumped 119.35 points or 0.68% to 17,743.40 and Sensex […]
Navratri Share Trading Private Ltd bought 10,11,034 shares of Ajooni Biotech Ltd (AJOONI) at Rs 7.05 per share. Multiplier Share & Stock Advisors Private Ltd bought 2,10,000 shares of Baheti Recycling Ind Ltd (BAHETI) at Rs 97.80 per share. Hermes Global Fund sold 75,12,322 shares of Cerebra Int Tech Ltd (CEREBRAINT) at Rs 21.88 per […]
Domestic indices ended the week’s last muted trading session in the red. The BSE Sensex closed below 60,630 and the NSE Nifty 50 after moving in the range of 18,016.20 and 18,145.45 settled below 18,030. The top gainers of the BSE Sensex were Power Grid (up 1.20%), HDFC Bank (up 1.02%), HDFC (up 0.87%), ITC (up 0.78%) […]
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 […]