On December 4, 2024, both the BSE Sensex and NSE Nifty50 ended the day in green. The BSE Sensex closed at 80,956.33, up by 110.58 points or 0.14%. Similarly, the Nifty50 also closed at 24,467.45, up by 10.30 points or 0.04%. Sectoral Performance On Wednesday, Nifty FMCG, Nifty Auto and Nifty Oil & Gas ended in the …
The Securities and Exchange Board of India (SEBI) has proposed a new online monitoring and supervision framework aimed at enhancing the quality and accountability of system audits for stock brokers. This framework seeks to address several issues identified in current audit practices and introduce a more transparent and efficient system. Under the proposed framework, SEBI …
The Employees’ Provident Fund Organisation (EPFO) plays a vital role in securing the financial future of millions of Indians. Managing a colossal corpus of ₹24.75 lakh crore as of March 2024, EPFO invests in both debt and equity instruments following the guidelines set by the Department of Financial Services, Ministry of Finance, and the Central …
The Ministry of Micro, Small and Medium Enterprises (MSME) has been actively implementing schemes to boost the sector’s growth and support entrepreneurs. One of the flagship initiatives is the Prime Minister’s Employment Generation Programme (PMEGP), a credit-linked subsidy program started in 2008-09. This scheme, managed by the Khadi and Village Industries Commission (KVIC), aims to …
The BSE Small Cap index continues to capture investor attention with its steady performance. On Tuesday, December 3, 2024, it outperformed the Sensex, gaining nearly 1% compared to the Sensex’s 0.60% rise. This article dives into the historical performance of the BSE Small Cap index, focusing on December trends and key statistical insights. Recent Performance …
On December 3, 2024, both the BSE Sensex and NSE Nifty50 ended the day in green. The BSE Sensex closed at 80,845.75, up by 597.67 points or 0.74%. Similarly, the Nifty50 also closed at 24,457.15, up by 181.10 points or 0.75%. Sectoral Performance On Tuesday, Nifty FMCG and Nifty Pharma ended in the red. Nifty PSU Bank, …
The Indian government is evaluating the reduction of GST rates on life and health insurance policies. Finance Minister Nirmala Sitharaman addressed this in a written reply to the Lok Sabha, highlighting that a recommendation for GST reduction if approved by the GST Council, would directly benefit policyholders by reducing the cost of insurance. The GST …
On Tuesday, December 3, 2024, the BSE Sensex hovered around the 80,800 mark, gaining 0.67%. Leading the pack were Adani Ports, SBI, and Ultratech Cement as top gainers, reflecting robust investor sentiment. December: A Historically Strong Month for Sensex Performance Since 1998 December holds a unique position in the Sensex calendar. While July records a …
The Bank Nifty index started December 2024 on a positive note, trading higher by over 1% or 550 points on December 3, 2024, reaching 52,650 by mid-morning. This gain is driven primarily by HDFC Bank, SBI, and Axis Bank, which are the top contributors to the index’s rise. But how does December typically fare for …
After a challenging October and a subdued November, the Indian stock market has entered December on a positive note. Historically, December stands out as one of the best months for equity markets in India, with the Nifty50 index delivering an average gain of 3.10% since 2002. This blog dives deep into December’s seasonality, exploring patterns …
