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Adani stock drops after NSDL freezes the accounts of 3 FPIs

Adani stock drops after NSDL freezes the accounts of 3 FPIs

14 June 2021

An Overview of Recent Events The accounts of three foreign funds — Albula Investment Fund, Cresta Fund, and APMS Investment Fund — have been frozen by the National Securities Depository Ltd (NSDL), which together possess approximately Rs. 43,500 crores in shares in four Adani Group companies. According to the depository’s website, these accounts were frozen …

Adani loses over $13bn in wealth rout after FPI debacle

Adani loses over $13bn in wealth rout after FPI debacle

21 June 2021

On June 14, Monday, the NSDL website showed three FPI accounts related to Adani enterprises on the frozen account list. Entailing its publication in major news portals, Adani Group’s market capitalisation fell by almost $15 billion. These three Mauritius-based funds together held shares worth around Rs. 43,500 crores in four Adani group companies and are …

Hindenburg Report on Adani – Here’s What You Need to Know

Hindenburg Report on Adani – Here’s What You Need to Know

27 January 2023

Hindenburg report led to a sharp decline in Adani shares  The Hindenburg report – the rippling effects it caused led Adani Enterprises to call off ₹20,000 crores FPO. Adani Enterprises stocks suffered a massive loss of 28.45% on February 1, 2023, closing at ₹2,128.70. Following the event, Adani Group announced to call off their ₹20,000 …

What does N. Chandrasekaran elevation as CEO of Tata Sons mean?

What does N. Chandrasekaran elevation as CEO of Tata Sons mean?

13 January 2017

The tiny district of Namakkal in Tamil Nadu may not be familiar territory for most Indians staying north of the Vindhyas. But this is the small district in Tamil Nadu where Mr. Natarajan Chandrasekhar, currently CEO of TCS and the next Chairman of Tata Sons, was born. The journey of Chandra has been a meteoric …

Bank Nifty Leads Market Rally: PSU Banks Outperform Private Banks in April

Bank Nifty Leads Market Rally: PSU Banks Outperform Private Banks in April

29 April 2024

The Indian benchmark indices kicked off the week on a positive note, gathering momentum as they progressed. The Nifty closed the week 1% higher at 22,643, while the BSE Sensex surged by 1.28% to end at 74,671. Although these frontline indices recorded healthy gains, the real standout was the Bank Nifty, which stole the spotlight …

FII/FPI Dump Indian Holdings in Massive Amount in April

FII/FPI Dump Indian Holdings in Massive Amount in April

29 April 2024

Foreign Investors have sold rapidly in the Indian Domestic Market equities during April. The Foreign Portfolio Investors remained bearish on Indian Markets and have sold shares worth Rs.6,300 crores till now in April amid various concerns like the rise in US Bond Yields and tweaks in India’s Tax treaty with Mauritius. Foreign Investors Sell Indian …

Top 3 Sectors to Watch in May 2024

Top 3 Sectors to Watch in May 2024

29 April 2024

On Friday, the Nifty index closed at 22,420, down 150 points (0.67%). However, it ended the week with a 1.23% gain and formed an indecisive candlestick pattern on the weekly chart. The Nifty opened above the 22,600 mark but could not surpass its prior session’s high. It soon faced profit booking, losing its opening gains …

SEBI’s Cross Margin Extension for Offsetting Positions with Different Expiry Dates

SEBI’s Cross Margin Extension for Offsetting Positions with Different Expiry Dates

24 April 2024

Introduction The Securities and Exchange Board of India (SEBI) has announced an extension of cross margin benefits for offsetting positions in derivative markets. Previously, cross margin was allowed for positions in correlated indices or an index and its constituent stock futures when both had the same expiry date. This new development allows cross margin benefits …

Bank Nifty: Key Support and Resistance Levels to Watch Out for on Wednesday – 24 April 2024

Bank Nifty: Key Support and Resistance Levels to Watch Out for on Wednesday – 24 April 2024

24 April 2024

Bearish Candles on the Daily Chart On Tuesday, the Bank Nifty formed a back-to-back “open=high” candle, indicating a negative trend. Since the closing price was lower than the opening level, it created a consecutive bearish candle on the daily chart. However, despite these bearish indicators, the index has maintained its pattern of higher highs and …

India VIX Falls Over 20% Today: Is This Signaling Something?

India VIX Falls Over 20% Today: Is This Signaling Something?

23 April 2024

India VIX, whether termed a volatility index or a fear index, has plummeted over 20% today, dropping from 12.70 to a low of 9.95. Currently hovering around 10.10, it marks a decline of 20.55%. Yesterday saw a 5.65% dip, closing at 12.70 after opening at 13.45. As the Nifty approaches its resistance levels of 22,400-22,500, …

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