The Reserve Bank of India (RBI) has reportedly given the go-ahead to state-owned insurer LIC to double its holding in IndusInd Bank to nearly 10 per cent (9.99 pc). The LIC stake in the private bank was 4.95 per cent thus far, as per reports. According to a regulatory filing by the bank, this approval has …
An Overview DSP Nifty Midcap 150 Quality 50 ETF is a low-cost passive product for midcap investors looking for a low-cost passive product. Investing in midcaps now is more expensive than it has ever been, thus wealth managers suggest staggered timing for purchases. The closing date for the new fund offer is December 17. The …
Seven of the top-10 companies in the Indian markets gained in market valuation last week. Reliance Industries led the group of top valued blue-chip companies. Among the gainers were the State Bank of India, HDFC Bank, HDFC, ICICI Bank, Bajaj Finance, and Infosys. With over Rs. 1.35 lakh crore addition in the market capitalization of …
Star Health and Allied Insurance’s stock price did not meet expectations on its debut. The price reacted sluggishly due to valuation concerns. The initial public offering of Star Health, which was launched on November 30, was subscribed to 79 percent. Most analysts had given a favourable rating to the issue, though they were worried about its …
The Reserve Bank of India’s decision to hold key rates steady has sent a strong message that it is concerned about the impact of rising interest rates before the recovery of the economy can happen. The RBI may be reaching the end of its tolerance for inflation and will most likely raise interest rates in …
An Overview Ircon International placed orders worth Rs 210 crore with RaiITel Corporation of India, which saw its stock rise 4% in early trade on December 9. “RaiITel Corporation has received a work order from Ircon International for the design, supply, installation, testing, and commissioning of a tunnel communication system in tunnel environment consisting of emergency …
On Tuesday, the Securities Exchange Board of India has proposed a one commodity one exchange policy to reduce liquidity fragmentation. As per this proposal, all the stock exchanges will have to involve in the development of a separate lot of un-fragmented contracts which are easily sellable. There has been a proposal for developing another specific …
The benchmark indices, BSE Sensex and NSE Nifty rebounded on December 7, Tuesday, gaining over 1.5 percent aided by positive cues on the global front, led by metal and banking stocks rallying. The Sensex closed at 57,633.65 points while the Nifty closed at 17,176.70 points on Tuesday. The broader markets too recovered, with the Nifty …
An Overview In November, foreign portfolio investors (FPIs) intensified their selling in the Indian secondary share market as concerns about a new coronavirus variant grew. In the secondary market, they were net sellers of equities worth $4.5 billion (Rs. 33,799 crore). According to NSDL data, it was the most since March 2020, when they sold …
In Monday’s trading session, the National Stock Exchange’s flagship index Nifty50 fell by more than 280 points whereas Bombay Stock Exchange’s Sensex went down by almost 950 points, giving chills down the spine of investors and traders. Both the indices marked a fall by 1.65% each. The charts made one side momentum on the downward …
