The BSE Sensex began November 26, 2024, on a buoyant note, buoyed by Wall Street’s overnight rally. Investors cheered Donald Trump’s Treasury secretary nominee, which spurred a record-high closing for the Dow Jones. This “Bessent Boost” uplifted sentiment globally, trickling down to the Indian stock market. BJP-Led Mahayuti’s Victory Adds to Market Optimism Domestic cues …
On November 26, 2024, the Nifty Small-Cap Index surged by 0.80%, outperforming the Nifty50, which declined by 0.15%. This rally marked a recovery of over 900 points from its November 18 lows, helping the index reclaim its 20-day moving average (20-DMA), which it had breached earlier this month. Recent Trends: From Declines to a Potential …
On November 26, 2024, both the BSE Sensex and Nifty 50 ended lower. The BSE Sensex closed at 80,004.06, down by 105.79 points or 0.13%. Similarly, the Nifty50 also closed at 24,194.50, down by 27.40 points or 0.11%. Sectoral Performance Nifty IT and Nifty FMCG were the most gaining sectors with a rise of 1.07% and 0.84%, …
India unveiled PAN 2.0 on 25 November, with ₹1,435 crore allocated to modernise the PAN/TAN system for enhanced efficiency. The upgraded PAN 2.0 system is designed to benefit people by enhancing the system’s digital infrastructure. PAN Upgrade Features The 10-digit alphanumeric Permanent Account Number (PAN), issued by the Income Tax Department, will be upgraded with …
The Nifty Financial Services Index (FINNIFTY) is a key benchmark for India’s financial market performance. It reflects the behaviour of major banks, financial institutions, housing finance companies, insurance firms, and other financial services entities. Comprising 20 listed stocks on the NSE, FINNIFTY is a reliable indicator of financial market trends. Recent Performance of FINNIFTY On …
The Bank Nifty has staged a remarkable rally, surging approximately 2,500 points from its November 21, 2024, low. However, this impressive climb has encountered profit booking, as the index dipped by 84 points (0.16%) on November 26. After reaching prior swing highs and testing the gap area from October 3, 2024, the index now faces …
Union Active Momentum Fund Direct is an open-ended thematic equity fund introduced by Union Mutual Fund, aimed at achieving long-term capital growth through investments in stocks that demonstrate significant momentum. The fund utilizes a unique momentum model to pinpoint and invest in stocks that display exceptional price trends. With a team of seasoned fund managers …
On November 25, 2024, Fitch Ratings placed several Adani group ratings on Rating Watch Negative, following bribery charges against board members of Adani Green Energy. Some ratings have been affirmed, with outlooks revised to negative. Ratings Under Review Fitch has placed Adani Ports’ long-term foreign currency IDR at BBB- and its US Dollar senior unsecured …
In a significant move to support senior citizens with limited income or no family support, the Delhi government has launched an online portal for its old-age pension scheme. The initiative aims to provide financial relief to vulnerable elderly citizens and ensure a hassle-free application process. This program, which categorizes pensions based on age and socio-economic …
NSE Indices Limited launched the Nifty India Railways PSU Index, a thematic index that captures the performance of public sector undertakings (PSUs) either owned by the Ministry of Railways or catering to the Indian Railways. This new index offers investors a focused approach to capitalising on India’s railway growth story. Key Features of the Nifty …
