A decline in equities for two sessions has eroded investors’ wealth by more than Rs 6.57 lakh crore. The 30-share BSE Sensex tumbled 872.28 points or 1.46 per cent to settle at 58,773.87 points on Monday. The weak trend in the broader market have pulled down the market capitalisation of BSE-listed firms by Rs 6,57,758.04 …
By Narinder Wadhwa This year the various regions in Europe have been experiencing an abnormal rise in temperature and many cities’ temperatures crossing over 40 degrees!!! The world is having hotter, drier summers and warmer, wetter winters. We’re also having extreme weather like heavy rainfall and heat waves more often. Most scientists agree that this …
Indian equity markets are likely to open with gains on Monday, hinted SGX Nifty. Nifty futures traded 31 points, or 0.18% higher at 17,262.50 on the Singapore Exchange signaling that Dalal Street was headed for a positive start. “Nifty has surpassed the crucial hurdle of June month’s high i.e. 16,800 decisively and we’re now eyeing …
Dalal Street witnessed a volatile futures & options expiry session on Thursday as headline indices cut all gains and turned red in the dying hour of trade. S&P BSE Sensex tanked 310 points or 0.53% to settle at 58,774 while the NSE Nifty 50 index was down 82 points or 0.47% on the closing bell …
Institutional investors have voted against four resolutions of Suven Life Sciences and TCM with 100% of their votes cast, while a total of 296 resolutions were favoured with 100% votes. A resolution of VIP Industries to appoint Pawan Kumar Lilha as non-executive non-independent director was disapproved with 82.2% of their total votes polled. However, the …
A four-time Chief Minister, Shivraj Singh Chouhan has been in politics for over three decades now. Having served as an MP as well as an MLA, Chouhan’s career has seen several ups and downs. From once being seen in media circles as “prime minister material” to being ousted from power in 2018 after serving as …
BSE Sensex and NSE Nifty 50 were trading flat in a volatile trade on Wednesday, a day before weekly and monthly F&O expiry. Stocks of index heavyweights such as ICICI Bank, Reliance Industries Ltd (RIL), Housing Development Finance Corporation (HDFC), NTPC, and HDFC Bank, contributed the most to the indices’ gain. So far in the …
The historic rout in oil markets sent the US crude oil prices to negative USD 40 a barrel. The collapse in oil prices can prove to be a boon for India as it is the time for the country to fill its strategic reserves with cheap oil. Sugandha Sachdeva, VP, Metals, Energy & Currency Research …
Capital markets regulator Sebi on Thursday came out with the disclosure framework for asset management companies, mandating a scheme-wise disclosure of investments in securities of entities that are excluded from the definition of “associate”. This came after Sebi, earlier this month, amended mutual fund rules to remove the applicability of the definition of “associate” to …
The Reserve Bank of India (RBI) earlier this week released a discussion paper on charges across various payment systems. With the move, the central bank is seeking feedback from stakeholders, after which the RBI would look to streamline the framework of charges for different instruments. The same is unlikely to have a major impact on …