Global stocks and bonds fell on Tuesday as a surprise policy tweak by Japan’s central bank rattled investors already worried about the economic fallout of rising interest rates and lifted domestic bond yields to seven-year highs. The Bank of Japan (BOJ) widened the allowable band for long-term yields to 50 basis points either side of […]
Indian benchmark indices are likely to open with gains amid positive global cues. SGX Nifty hinted at a positve start for domestic equities on Tuesday as Nifty futures traded higher at 18072 level on the Singapore Exchange. In the previous session, BSE Sensex jumped 721 pts to 60,566, while NSE Nifty 50 rose 208 pts […]
Equity investors became richer by over Rs 12.56 lakh crore in seven days of market rally as sentiments remained firm amid continuous foreign fund inflows and stable global trends. In the past seven days, the BSE benchmark Sensex has jumped 2,544 points or 4.41 per cent. Also Read: US Stocks: Futures mixed as focus shifts […]
The SGX Nifty signaled that domestic benchmark indices NSE Nifty and BSE Sensex might open in the red, as Nifty futures traded 35 points lower at 17,686.5 on the Singaporean exchange. On Tuesday, the markets closed lower, with Nifty down 0.26% at 17,660 while Sensex settled at 59,727, lower by 0.31%. “The banking stocks pared […]
Life Insurance Corporation of India (LIC)’s Q3 reported a standalone net profit of Rs 6,334.2 crore in Q3FY23, up 27x y-o-y. This is a result of the transfer of Rs 5,670 crore from the non-par segment to shareholders’s accounts (related to accretion on available solvency margin). For 9MFY23, PAT grew 13.7x y-o-y to Rs 22,970 […]
As the mid-cap and small-cap indices are trading at a discount to their historical averages after sharp corrections last year, you can gradually increase your investments in these two segments. Retail investors are investing in these two categories through mutual funds as mid-cap and small-cap funds saw net inflows of Rs 1,176 crore and Rs […]
Mining major Vedanta (VEDL), a subsidiary of London-headquartered Vedanta Resources (VRL), has made “timely” interest payment for non-convertible debentures (NCDs) totalling ₹2,500 crore. The due date for interest payment of NCDs, with face value of ₹100,000, was on Wednesday, VEDL said in a regulatory update. The firm controlled by Anil Agarwal had reduced its net […]
By Siddhant Mishra The first eight trading sessions of 2023 have seen outflows by foreign institutional investors (FIIs) continue, with $817.58 million being offloaded from equities between January 2 and January 10, according to Sebi data. FIIs sold a provisional `3,208.15 crore ($392.6 million) of shares on January 11, according to data from the National […]
The Securities and Exchange Board of India (Sebi) is working on reducing the time taken to clear offer documents for initial public offerings (IPOs). Addressing a closed-door meeting of investment bankers on Friday, Sebi chairperson Madhabi Puri Buch said the regulator was keen on cutting the red tape involved in the filing of offer documents […]
Investors wealth tumbled over Rs 5.78 lakh crore in two days of market fall amid a weak trend in global markets after a host of central banks hiked interest rates and gave hawkish commentary. The 30-share BSE Sensex declined 461.22 points or 0.75 per cent to settle at 61,337.81 on Friday. In the previous trade, […]