The capital market regulator, the Securities and Exchange Board of India (SEBI) has announced a significant extension of the deadline for implementing direct securities payouts to clients’ demat accounts. The new deadline, now set for November 11, marks a delay from the original target of October 14. This decision comes in response to feedback from …
On October 10, 2024, the Indian equity indices closed in green. Nifty 50 was up 16.50 points and settled at 24,998.45 while Sensex closed up 0.18% to 81,611.41. Out of the 50 stocks in the Nifty50 Index, here are the top 5 gainers for the day: Kotak Mahindra Bank shares opened at ₹1,809.90, touched the …
On October 10, 2024, both the Nifty 50 and Sensex posted gains. Nifty 50 increased by 16.50 points to close at 24,998.45, while Sensex rose by 0.18%, finishing at 81,611.41. The Nifty Bank index advanced by 1.03%, reaching 51,530.90. Out of the 50 stocks in the Nifty50 index, here are the top 5 losers for …
Introduction The NSE Indices Limited has announced a major reshuffling in its various indices, including the Nifty Alpha 50, as part of its quarterly review. These changes will take effect at the close of trading on September 27, 2024, and will be effective from September 30, 2024. This article breaks down the details of the …
Indian equity markets started the week on a high note, with the Nifty50 index touching an all-time high of 25,925.80. While most sectors traded in the green, the Nifty PSU Bank Index was the star performer, registering its sharpest single-day gain in over two months. Nifty PSU Index Leads the Rally The Nifty PSU Bank …
On October 9, 2024, Forbes unveiled its highly anticipated list of India’s 100 richest individuals, showcasing the remarkable wealth and entrepreneurial spirit of the nation. This annual ranking highlights the dynamic shifts in India’s financial landscape, reflecting the fortunes of business magnates across various industries. As the country continues to evolve economically, this list not …
On October 9, 2024, Indian stock market indices, the BSE Sensex dropped by 0.21% to close at 81,467.10. The Nifty50 on the other hand, closed at 24,981.95 down by 31.20 points (-0.12%). Out of the 50 stocks in the Nifty50 index, here are the top 5 gainers for the day: Cipla Ltd share price opened …
The benchmark indices, BSE Sensex and NSE Nifty50, lost their early gains and ended in the red on Wednesday. The Sensex dropped by 167.71 points (0.21%) to close at 81,467.10 after trading between 82,319.21 and 81,342.89. Similarly, the Nifty50 fell by 31.20 points (0.12%) to finish at 24,981.95, with a trading range of 25,234.05 to …
Windfall Tax on Crude Oil Slashed to Zero The Indian government announced a significant change in its taxation policy on Tuesday, slashing the windfall tax on domestically produced crude oil to ‘nil’ per tonne effective September 18. This tax, officially known as the Special Additional Excise Duty (SAED), is reviewed and adjusted fortnightly based on …
India’s bond market is about to get a serious upgrade! Coming September 2025, India will officially join FTSE Russell’s $4.7 trillion Emerging Markets Bond Index (EMGBI), something that’s expected to bring billions of dollars in fresh foreign investment. After being on the watchlist for three years, India will hold a weightage of 9.35%, making it …
