The Indian stock market witnessed a sharp downturn during the morning trading session on Monday, January 6, 2025, driven by substantial losses in banking and metal stocks. The market opened in the green but quickly fell into the red, leading to a significant crash by mid-morning. Sensex and Nifty Fell Over 1% By 12:29 pm …
On January 6, 2025, the benchmark Indian stock indices, BSE Sensex and Nifty 50, are experiencing significant losses due to mixed global signals. By 12 PM, the BSE Sensex had dropped by 1,222.19 points, or 1.54%, to 78,000.92. Meanwhile, the Nifty 50 stood at 23,607.30, down by 397.45 points, or 1.66%. The top gainers and …
The Saarthi app serves as a robust companion to its website, seamlessly extending its functionality while offering an enriched and user-friendly experience. Boasting a sleek design and intuitive navigation, the app is designed to empower investors by providing a wealth of resources and tools. Saarthi App by SEBI In January 2024, the Indian financial markets …
On January 3, 2025, Indian equity markets closed the week in the red. The BSE Sensex fell 720.60 points (0.90%) to settle at 79,223.11, trading within the range of 80,072.99 and 79,147.32. Similarly, the NSE Nifty50 lost 183.90 points (0.76%) to end at 24,004.75 after hitting a day’s high of 24,196.45 and a low of …
The Securities and Exchange Board of India (SEBI) has issued an interim order cum show-cause notice (SCN) in a ₹65.77 crore front-running scam. The scam revolves around Ketan Parekh, a previously banned stock market operator, and Rohit Salgaonkar, a Singapore-based trader. Both allegedly exploited non-public information (NPI) related to trades by a major US-based fund …
The capital market regulator, the Securities and Exchange Board of India (SEBI) has dismissed the allegations against Karvy Capital Ltd (KCL) and its three directors—Ajith Bhaskaran, Hitungshu Debnath, and K.P. Jeewan. These allegations related to violations of provisions under the SEBI (Alternative Investment Funds) Regulations, 2012. Specifically, the charges claimed that KCL, as the sponsor …
The Nifty index experienced its largest single-day gain in six weeks on Thursday, January 2, surging nearly 500 points during the trading session. This marked a significant move after a 12-day consolidation period. The index crossed key levels of 23,800, 24,000, and even 24,100 before closing 425 points higher at 24,168. The last time the …
The mineral and non-ferrous metal production sectors in India have demonstrated robust growth in the first half of FY 2024-25 (April-November). This positive trend follows the record production levels of FY 2023-24, with key minerals and metals showing significant increases. The growth reflects the rising demand from crucial sectors like steel, energy, and infrastructure. Surge …
The National Stock Exchange of India (NSE) has introduced a comprehensive framework to reinforce confidence in the securities market. This initiative focuses on equipping brokers with institutional mechanisms to detect and prevent fraud or market abuse effectively. Key Objectives of the Framework The NSE’s updated guidelines aim to: Recommend best practices for trade surveillance. Identify …
In a significant development for taxpayers eligible for the Section 87A tax rebate, the Income Tax Department has announced a key update regarding the financial year 2023-24. On December 31, 2024, the department confirmed that taxpayers who were unable to claim the rebate within the original time frame can now file revised or belated Income …
