Investors and traders in India will have a long weekend as the stock market will be closed on Friday, November 15, 2024, for Guru Nanak Jayanti. The market will also be closed on Weekend (Saturday and Sunday) for the routine weekend break, reopening on Monday, November 18, 2024. This marks a 3-day holiday for market …
On November 13, 2024, The capital market regulator, the Securities and Exchange Board of India (SEBI) proposed that all SEBI-regulated entities using artificial Intelligence (AI) must be fully responsible for all outcomes of its use, regardless of the extent of the AI usage. SEBI Enhancing Investor Protection Lately, the use of AI/ML systems and tools …
The Adani Group, one of India’s leading conglomerates, is expanding its footprint in the metals industry with a bold $5 billion investment plan. This significant move into aluminium, steel, and copper production aims to leverage synergies with Adani’s existing infrastructure, energy, and logistics operations. This move is expected to boost India’s infrastructure capacity, reduce energy …
On Thursday, November 14, 2024, the benchmark indices Sensex and Nifty 50 are expected to open on a cautious note followed by mixed performance from global markets and a rise in US dollar index. At 08:07 AM, Gift Nifty was trading down by 0.18% at 23,629. Previous Trading Session On November 13, 2024, the Sensex …
In its journey towards rapid growth, quick-commerce startup Zepto is aiming to secure $250 million from high-net-worth individuals (HNIs) and wealth management firms. Key players like Motilal Oswal, IIFL, and InCred are expected to participate, facilitating HNIs to invest in Zepto through wealth management channels. If finalised, this funding round will be Zepto’s third in …
Indian Markets Under Pressure: A Perfect Storm of Global and Domestic Factors The NSE benchmark Nifty50 index has slipped below the 23,400 mark, marking a four-month low. This sharp decline is driven by global economic pressures, sustained foreign institutional investor (FII) selling, and lukewarm quarterly earnings reports. The combined effect of these factors has created …
On November 13, 2024, the benchmark equity indices crashed over 1%. Nifty 50 was down 1.36% and settled at 23,559.05 while Sensex was up 1.25% to 77,690.95. Nifty Bank was down 2.09% to 50,088.35. The volatility indicator Nifty VIX was up 5.03% to 15.33, reflecting a rise in volatility. Sectoral Performance All the sectors closed …
Balmer Lawrie & Co. Ltd, a diversified Miniratna I Public Sector Enterprise under the Ministry of Petroleum and Natural Gas, has signed an agreement with M/s GATX India Pvt. Ltd, the largest private railcar lessor in India. The partnership involves leasing three rakes of BFNS 22.9t wagons for the transportation of finished steel products from …
Since the inception of the Insolvency and Bankruptcy Code (IBC) 8 years ago, India has witnessed significant progress in resolving corporate debt and revitalising distressed businesses. In the September 2024 quarter, 63 companies successfully avoided liquidation through resolution plans, contributing to a total of 121 firms saved from insolvency this financial year. This post examines …
On Wednesday, November 13, 2024, the benchmark indices Sensex and Nifty 50 are expected to open lower amid weakness in the global market. At 07:57 AM, Gift Nifty was trading down by 0.06% at 23,897.50. Previous Trading Session On November 12, 2024, the Sensex declined 820.97 points, or 1.03%, to close at 78,675.18, while the …
