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Market Updates - Angel One

NSE explains the sudden rise in Nifty Futures

NSE explains the sudden rise in Nifty Futures

8 July 2021

An Overview of Monday’s Fake Surge On Monday, derivative traders on the National Stock Exchange (NSE) were sent into a frenzy when Nifty index futures soared 805 points, or more than 5%, within seconds of the opening bell, despite no equivalent move in the underlying cash market. The Nifty futures (current month expiry) achieved a …

Markets unaffected by inflation concerns as covid19 cases decrease

Markets unaffected by inflation concerns as covid19 cases decrease

18 June 2021

India’s Wholesale Price Index (WPI) data for May showed that WPI based inflation rose to a record peak of 12.94 per cent, on the back of rising commodity and fuel prices, apart from the effect of low base. This also meant that the Consumer Price Index (CPI) retail inflation shot up in May, recording 6.30 …

ITC Quarter 4 Results: Net profit dips but company will pay dividend

ITC Quarter 4 Results: Net profit dips but company will pay dividend

3 June 2021

An Overview of ITC Q4 Results The March quarter results of cigarette producer ITC Ltd were in line with Dalal Street projections. However, this has certainly not piqued the interest of investors. Following the results, its stock dropped roughly 3% on the National Stock Exchange, on a day when the benchmark Nifty 50 index remained …

Info Edge and DMart: Eyeing Nifty Inclusion

Info Edge and DMart: Eyeing Nifty Inclusion

8 July 2021

Avenue Supermarts and Info Edge India seem to have fair chances of inclusion in the Nifty benchmark index during the upcoming semi-annual review in September 2021. Avenue Supermarts Limited is a popular retail corporation operating the DMart chain of hypermarkets. It was established in 2002 by Radhakishan Damani. DMart stores offer a wide range of basic …

Indian Overseas Bank and Central Bank of India sets for privatisation

Indian Overseas Bank and Central Bank of India sets for privatisation

22 June 2021

The glimpse provided in the Union Budget of the financial year 2021-22 is now on the verge of realisation – NITI Aayog has submitted its report containing the name of two banks ready for privatisation. In her Budget speech, the honourable Finance Minister, Nirmala Sitharaman, reflected on the government’s plan to privatise two public-sector banks …

Retail sales are at an all-time peak in stock market

Retail sales are at an all-time peak in stock market

10 August 2021

An Overview The recent stock market rise is expected to benefit Indian individual investors, who have boosted their involvement and holdings of NSE listed businesses during the last 18 months. In the quarter ended June 2021, retail holdings of NSE listed companies reached a new high of 7.18 percent, reflecting a strong increase in new …

Bulk Deals by SBI MF, Marina Holdco

Bulk Deals by SBI MF, Marina Holdco

17 June 2021

On June 14, SBI Mutual Fund acquired a 1.16% stake in V-Guard Industries, the largest electrical appliances manufacturer in Kerala, at Rs.265 per share. As of March 2021, SBI Small Cap Fund owned 3.35% shares of V-Guard. Chittilappilly Thomas Kochuouseph, whose holdings included an 11.72% stake in the company, sold about 50 lakh shares at …

As India unlocks, D-Street expects to get further boost

As India unlocks, D-Street expects to get further boost

14 June 2021

On June 11, Friday, the benchmark index, Sensex touched 52,641.53 points, a record intraday peak, before settling at 52,474 at closing. The Nifty also closed a tad under 15.8 k levels. Foreign portfolio investors (FPIs) were net buyers, investing Rs 18.64 crore on June 11, while domestic institutional investors (DIIs) also bought shares worth Rs …

RBI Allows The Opening of Foreign Currency Accounts in GIFT  City

RBI Allows The Opening of Foreign Currency Accounts in GIFT City

11 July 2024

In a move aimed at bolstering international financial transactions for Indian residents, the Reserve Bank of India (RBI) has recently expanded the scope of its Liberalised Remittance Scheme (LRS) to include transactions through India’s premier International Financial Services Centre (IFSC) – GIFT City. Under the revised guidelines, individuals can now remit up to $250,000 abroad …

Foreign Portfolio Investors Continue Buying Streak for Fifth Consecutive Day

Foreign Portfolio Investors Continue Buying Streak for Fifth Consecutive Day

10 July 2024

Foreign investors have maintained their net buying position in Indian equities for the fifth straight session. Foreign portfolio investors (FPIs) purchased stocks worth Rs.314.5 crore, according to provisional data from NSE. Domestic institutional investors (DIIs) also remained net buyers for the second session, acquiring equities worth Rs.1,416.5 crore. Inflows and Market Performance This month, FPIs …

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