Introduction NSE Indices Limited, a subsidiary of the National Stock Exchange (NSE) of India, announced the launch of a new benchmark index, the Nifty Top 10 Equal Weight Index. This new index is designed to track the performance of the top 10 companies in the Nifty 50, based on free-float market capitalization. Key Features of …
Gift Nifty today turns 1 year old, and in this 1 year, we can see that the strategic move from SGX Nifty to Gift Nifty was excellent, and the Indian stock market digested this one very well. This increased oversight by Indian authorities will likely lead to stricter regulations and monitoring of trading activities, which …
On the weekly expiry, the NSE benchmark Nifty50 index opened the session on a positive note. However, soon after opening, a minor kneejerk reaction was seen in the Nifty50 index. After the initial volatility, the index inched higher to reclaim the important level of 23,600. However, the absence of buying interest at higher levels led …
One of the top-performing sectors on Thursday was Nifty Metal. The Nifty Metal index gained 1.82%, and with the exception of Adani Enterprises, all other constituents of the metal index closed the session in green. This strong move reversed the losses from Wednesday when the index fell by 1.18%. Rebounding from Wednesday’s Losses On Wednesday, …
On Wednesday, Bank Nifty witnessed a significant surge of over 1200 points, or 2.49%, hitting a fresh all-time high. The previous all-time high was recorded on June 3, 2024, and almost 11 trading sessions later, Bank Nifty has set a new record. The Consolidation Phase Before this impressive move, Bank Nifty traded within a tight …
On Tuesday, NSE Indices Ltd., a subsidiary of the National Stock Exchange Ltd., launched a new thematic index called Nifty India Tourism. This index is designed to monitor the performance of stocks related to the travel and tourism sector from the Nifty 500. Currently, this index comprises 17 stocks, Nifty India Tourism will undergo semi-annual …
The Securities and Exchange Board of India (SEBI) has issued new guidelines to ensure fairness and transparency in the charges levied by Market Infrastructure Institutions (MIIs). These guidelines, effective from October 1, 2024, aim to protect investors and promote a more equitable securities market. Here’s a breakdown of the key points from SEBI’s circular: Role …
The Securities and Exchange Board of India (SEBI) has issued a circular outlining new guidelines for the Basic Services Demat Account (BSDA), aimed at promoting financial inclusion and simplifying the investment process for individuals. These new rules, effective from September 1, 2024, build upon previous directives and are designed to further boost participation in the …
On June 27, 2024, Hitachi Payment Services received the Reserve Bank of India’s final authorization to operate as an Online Payment Aggregator under the Payments and Settlements Act, 2007. This end-to-end payments and commerce solutions provider will now be able to expand its digital solutions and services stack to encompass a comprehensive suite of innovative …
The Securities and Exchange Board of India (SEBI) has introduced a new listing timeline for debt securities, including non-convertible debentures and non-convertible redeemable preference shares, to enhance market efficiency and expedite the listing process. SEBI Shortens Listing Timeline SEBI announced that the listing of these debt securities must now occur within T+3 working days, a …
